Yo! If anyone sees this, bear in mind I am very novice still at reading charts.
So I collate information from many different sources and then test them, chart them out myself and see what I can come up with.
Youtubers I follow and take snippets from each are coin bureaux, crypto capital venture, Ivan on tech, altcoin daily, crypto banter, altcoin daily, bitboy...
This is my analysis for XRPUSD. I am a novice trader and I am open to advice.
Green - 4H timeframe
Orange - 1D timeframe
Daily support is located where I saw big moves from that timeframe. The support area is where the trend stops a little bit and decided to have a break. I will enter the trade when the price would go through trigger with either one big green...
-- Although its about to hit tp
I wanted to point out this notion:
--> Consistently gaining a set amount of pips versus the vigorous psychological stampede of trying to hit Jackpot every trade was a humbling lesson from my experience!
--> 10 - 30 pips can go an absolutely long way when you know how to use it.
Don't get me wrong, I want that beautiful swing...
US30 15 min Key Zone Analysis
Look out for zone breaks
Take profit will be the next zone in the break's direction
Stop Loss will be the previous zone in the opposite direction
Supertrend and DMI will help stop trend reversals and Momentum
Note: We are in an exhausted buy area according to the Gann --> I will prefer to scalp until I see a big break on one of Key...
Evening star on a resistence line Looking for a change in direction
Gone short as soon as I saw barish candle on the evening star.
I reported the evening star on 4H an a Gravestone Doji on the month chart .
my lack of experience convinced me to believe that this month is gonna go short due to this , so I was gonna keep this sell for the week.
Some have asked me my opinion on gold & the stock market.
I sort of already wrote it in other ideas a bit here a bit there but I'll make a clean separate one.
I'll be able to show this to the bagholders that joined late and rage at me telling me I am sore I missed out, in a year or two.
Make sure to replace "will" by "I think the probability of this happening is...
This morning I decided to add HBI to my watchlist. The current price is $10.21. Support levels at 9.30 and resistance at 14.85. Had a pretty big dip in price yesterday of over a $1 per share (about 10% loss). I've read a variety of opinions on this one. Group chats seem to be equally divided among bears and bulls. Personally, I'm going bullish on this one. I do...
NOVICE TRADER SPECULATION:
I'll get right to it.
We are currently testing resistance and I this chart shows what could very well be a bearish head and shoulders forming.
Observe the fibs here.
LOGIC BEHIND SHORT:
-TESTING RESISTANCE AND FAILING
-BEARISH HEAD AND SHOULDERS PATTERN FORMING (POSSIBLY)
-MARKETS HAVE BEEN ON THE RISE, SO TAKE...
The main reason I took this sell was because it was around a h4 zone and I entered once price was there. If price gets to tp 1 I will move the SL down and drop the lot 0.01. Tp2 Is based off of h4 support area. Market flow on h4 is downtrend.
There's a lot going on here, so bear with me (no pun intended...).
First off, take a look at the two channels that I've drawn. We started this decline with a fairly steep downtrend channel. We broke out of that channel to begin a less steep downtrend channel. The bears are winning but their momentum is slowing... You'll also notice that we are near the top of...