This chart emphasizes the power of double tops and double bottoms and then how market reversal works, second, how it is important to adjust your stop loss according to the market trend, there were two false breakouts upon the two resistance levels with massive lower bearish candles, this is why you should either exit before the resistance price level or take some ...
BITFINEX:BTCUSD
Over the past week BTC seems to have been developing a few interesting trends and based on the current chart with a one day time-frame I want to discuss one of the most evident patterns that will be familiar to most and probably new to some.
In this case, we'll be talking about the triangle breakout which I believe to be in play at the moment, the ...
The reason I am shorting the EURGBP are listed below:
1) There has been a very strong resistance line dating back to June with 5 attempts to the upside and only breaking it twice but it has been a zone that is not easy to break.
2) The pair has been in a strong downtrend since early September and I believe it is now in an area of consolidation.
3) Taking the ...
I'd set my stop somewhere in this range. The previous low was do to a panic in the market and I'd much rather be stopped out then be holding at that point.
Litecoin failed to hold our lines (see last post on Litecoin). We have one more critical support at $42. We break that and I am out and bearish on Litecoin again.
Good luck Litecoin longs!
FX_IDC:GBPUSD shaped the bearish wolfewave which appears to be a good opportunity for sell entry with high profit/loss risk ratio even at conservative TP1. RSI divergence and rising volume at point 5 are confirming the peak formation. Opened 4 shorts at 1.305x/6x with SL 1.3141 and TP1 at 2-4 line crossing / TP2 at 1.2643
Tomorrow will be an interesting day as ...
CoinBase:ETHUSD charts are now forever messed up because of the CoinBase/GDAX feed and the ETH "liquidity" / processing delays of today, June 21, that led to this event. I wonder how many ETH panic sellers CoinBase/GDAX screwed-over as Bids dried up or were pulled, and who was the genius who left a Good-til-Cancel Limit Buy Order at US$13 on GDAX, for what ...
I am look for key short points on NZDUSD. This pair is now oversold in higher time frames so short term buy will work on trading... but I hope it gets back into trend soon.
Disney recently announced positive news surrounding it's executives chain and has held a strong uptrend over the course of the last few months. If the stock breaks and closes above $112.86 there's a good opportunity to go long and follow the uptrend. If it breaks downward though, and closes below $111.12, then an opportunity for a credit spread or put position ...
*WE'VE ACCIDENTALLY BEEN PUBLISHING PRIVATE IDEAS*
The fundamentals for Gold is looking bullish, and our trade we made back in the beginning of February has performed well using our first draft of the FriendlyTrend Signal. Our initial 5x contract entry at 1221 is not at an above-breakeven stop loss, and the spike up w/ a close allowed for a 4x contract entry with ...
Target reached, but the Stop Loss was triggered beforehand.
I personally prefer waiting for a confirmation (i.e. closing of the period confirming the stop loss) before cutting losses instead of using automatic stop losses, which would have been perfect in this case, but $2+ of potential loss is a scary thing.
Let me know what you think about stop loss levels, ...
![NZDUSD: [NZDUSD]Short Trading Strategy](https://s3.tradingview.com/q/qJreXeP1_mid.png "[NZDUSD]Short Trading Strategy")
