AUDCHF interesting buying areaThe BC-Correction of the bullish sequence is attractive for me.
I am waiting for it. Check my signature below, to get more trade ideas.
System
OIL - Buying areaCrude Oil created a new high in this month. For me this level is attractive. (618er)
It is the first bigger correction of the alltimelow.
EURUSD Blue = BuyingareaEURUSD over-retraced a little bit. With the blue rectangle we can reenter the market. If this blue rectangle do not hold - we can enter on the last red line of the red rectangle ( see chart ).
Do not forget to checkout my Signutre below.
USDCHF Small Buying areaThe blue rectangle is a small buying area. The correction starts of a red rectangle. The current 0A-Move is Impulsive and AB-Starts to be corrective.
To get updated from this trade, check my signature below.
USDCAD new Short-AreaThe little blue rectangle is a new short area.
It is build up from a secondary bearish sequence which is started from a red one.
if the price is below the yellow line the rectangle will move. To get updates of trade, check my signature below.
GBPCAD interesting buying areaHere we go again.
GBPCAD is a interesting buying area, as you can see here in the chart.
The 0A-Move was impulsive and the AB-Move seems to be corrective (Yellow-Area)
The red bearish sequence hereby confirms that yellow rectangle.
Alltime-LOW GBPCHF LongGBPCHF reached some days ago its alltime-low.
If this yellow line won't break, I guess the market will turn arround on this area which I drew.
This is my trading setup.
EURCAD BC-CorrectionNext Entry - EURCAD short.
If this yellow line won't break, here is my next entry. Here it started a greate bearish sequence. Will be my next entry.
Could be also a good hedge to AUDCAD
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Long BTC/USD My system tells me that BTC/USD downtrend comes to an end and its possible to go LONG on the HIGH of previous "green" bar
If the price will hit our stop buy order, I will set stop loss 4% lower the entry price and 10.5% higher the entry bar would be my profit target.
I will close my LONG also when the If trend will over (yellow, grey or red bars)
What are the green bars and others, you can see on my scripts in the profile
Feel free to use my scripts on your own
Good Luck and good trading!
"Cisco: short move coming" by ThinkingAntsOk4H Chart Explanation:
- Price broke the Ascending Trendline.
- Price broke the Support Zone (now Resistance Zone).
- Expect price to move down towards the next Support Zone.
Weekly Vision:
Daily Vision:
Updates coming soon!
Successful Short Trade (BOOMER Market)Dow Jones Industrial index is in an obvious (and aggressive) BOOMER market, nose-diving South.
During a market freefall like this is, one of the wise things to do - is to ride the wave, trading CFDs.
As per the CONDI Trading System tules, the only trading allowed in this setup is (strictly!) with the trend.
T.m. only taking Short trading opportunities, 100% confirmed by the CONDI Trading System.
Recognized (yet another) such opportunity at point marked with the callout.
Trade successfully closed with profit within 5 1h candles.
Happy CONDI trading!
Successful Long Trade (BOUNCER Market)Another Bouncer market beauty - spotted in a popular Spot FX Major market.
As per CONDI Trading system rules: When Mr. Bouncer is at play, we are allowed to shoot both north and south.
If a trade is fully confirmed by the CONDI System, that is.
Spotted a 100% CONDI-confirmed long trade at point marked with the callout.
Trade successfully closed with profit within 2 1h candles.
Happy trading.
200 EMA - best use for entries!I don't use indicators, they're not my style, they lag, they repaint; and in my opinion they don't work.
The 200 EMA on DAILY can be useful because of how slow it is. We can use it to filter the direction of which way we trade.
Price ABOVE 200 ema = ONLY BUY
Price BELOW 200 ema = ONLY SELL
Then drop timeframes for your entries via your strategy whatever that may be. If your strategy says go long but price is below EMA, don't take the trade etc...
Ignore the EMA on other timeframes lower than the daily. You want a slow daily direction indicator.
Don't blindly trade this, wait until price is clearly past the EMA and maintaining a good distance from it.
Use it as a guideline if you struggle working out fundamentals to help you filter a direction to trade.
NOT TO REPLACE FUNDAMENTAL ANALYSIS!!!
Bears on USDCAD Hey guys I wanna come up with another market: USDCAD.
Unfortunately I'm still not able to make larger analysis, because I can't post any kind of pictures.
Anyways, we are looking at the 4 Hour Chart of USDCAD. If I could only show you the bigger picture, you would probably understand it easier. But I will try to explain it with my words.
The green line at the high is the 1.618 of a target zone resulting of a bullish sequence. At that point the price were also in a bigger correction level (black square which you barely can see).
The market reacted very good and activated a bearish sequence in blue. Looking kinda ugly, but as you can see we are in a valid bearish correction level, therefore picturing a nice sell oppurtunity.
In your 30min chart, you can recognize a little bearish sequence starting in this sell blue sell area, which already got finished and even triggered us peeeeerfectly at the 0.5 correction level of this whole move.
This market is definitely a nice one to sell.
We have enough space to reach the green correction level of the previous mentioned bullish sequence which slightly overlaps with the blue target area. (0.667 of green perfectly lines up with the 0.5 of blue)
That was a fast one, but I just felt like posting this and I hope it was easy to understand for you guys.
Have a nice week.
System learned by Stefan Kassing!
This is not an investment recommendation!
Further drop for EURCAD?Above you can see the daily chart of EURCAD with an activated big bullish sequence (blue).
Since it's a bullish sequence and the chart looks pretty cheap overall (Monthly chart), we would like to see some possible buy areas!
After the first correction to point B we were able to define a new high (number 1). If the market comes down after the previous scenario, we can draw the BC correction level which I named "Previous BC Correction Level" because it is not the current right one.
The market slightly over-extended but created a new higher low (number 2) which led to nearly a same high like point 1. (Nevertheless it's a little bit higher, which led to a new BC-correction level).
Of course this whole move doesn't look like there were enough bulls in the market to push the market further to the top.
EURCAD started a bearish sequence from up there (black) which has its target area right around the point B from blue. We need to remember that every low and every high is a liquidity zone.
As you can remember the low at point 2 gained not enough power from the bullish perspective. The following green bearish sequence seems like it was just drawn right in the middle of the chart. Unfortunately I'm not able to show you more pictures especially from the lower timeframes. I am missing reputationpoints haha. You could see that this sequence started after a consolidation phase which therefore is a valid opportunity to define a new sequence.
The green BC correction level worked very good. The next very attractive buy area is obvious. The green target zone slightly overlaps with the 0.667 line from blue. Since we are still in a valid buy area from the daily chart, this is a nice buy chance we need to consider. Another reason is the price area around point 2, which defines a nice liquidity area. Maybe it just needs to catch a few more buyers to reach new highs.
In perspective of price action it is also possible that it will even go further down towards the black target, to offer a cheaper price which can lead to a gain of a lot of buyers.
Conclusion: I'm looking for buys, especially at the overlapping area of green and blue. If the market is able to build some bullish structure before reaching the previous mentioned area, I will risk buys aswell, since the big blue BC correction level has more supremacy.
Kiwis vs. LooniesThis chart is a little more ... in depth.
First of all, we do not short the market, eventhough we want it to reach the green box, where we are looking for long entries.
Why are we not shorting the market? -> there is no valid structure for us.
We want to buy that market, and enter at either one of the 4 relevant green levels.
Lets take a look at the big picture first!
In the weekly chart, we are in the bullish BC correction area right now:
As you can see, nearly every correction level gave us good entrys. Even in the weekly. As I dont trade the weekly, lets have a look on the daily, where we found the red sequence, to bring price into the blue correction area.
Daily Chart:
from the last high in the weekly trend, a sequence was formed. Our first entry is the correction level of the B to C move. Everything prior is gambling.
and finally we look at what we could do right now:
So lets wait for price hitting our buy area, and enter the trade. Happy Pips!
If you have questions, regarding this system, let me know!
Europe vs New ZeelandWe do have a great possibility right at our hands!
This is a setup with a great RR of 4.17!
The pair is moving sideways in the area where we want it to change direction. In case this first entry should not last, we would still have a "backup entry" with an RR of 11 (!!!).
I am excited to see what will happen here.
Trade safe!
Europe vs USAIn this pair, we have a good chance to see a long move.
Drawn with the long position tool, is the maximum potential we have, not the actual trade I will take.
I do look in the lower timeframes for a similar structure to get a better entry and will only trade an RR of 1:3 and then look for another possible entry.
Here is a possible, hypothetical Setup in the M30, I would trade:
Let's see what the price tells us to do.
Great Britain vs KangaroosAfter a look at this chart, it seems the Kingdom is losing a battle against its former colony :-D
Right now, we do have a nice entry and we could surf all the pips, all the way down(under).
In this case, the bigger picture is important, as it shows us why this trad is valid and has a good chance of giving us heaps of profits:
The yellow sequence gave us 4 (!!) entries to gain profits. This shows us that the sequence is doing what it should and works just fine. If it continues to work this way, we should hit the TP with no doubt. Let's see what happens next!
Great Britain vs. KiwisRight here, we do have a short Chance!
This chart built up piece by piece and offers us a relatively save short entry. All former sequences reacted just as we want to see them react, that is what gives this possible sell entry a good chance.
What if the price doesn't rise, but fall without giving us a sell entry?
-> no problem, as we can buy the price in the target area and go long! Have a look at this possible buy trade:
If you take a close look at the above chart, you'll see that the whole move started with the blue sequence. It retraced into our correction area and started a new sequence, the purple one. this purple one might now be on its way, to give us a new buy entry, and we can take this chance to participate in the down move.
Australia vs. JapanRight here, we do have a long entry. BUT this one is a bit sketchy, so we should use a smaller position.
In the bigger picture, we just finished a Sequence the second time, and so we activated an even bigger sequence, which now could retrace into its B-C Correction level.
All in all, its a bit complicated, but could work. Me personally, I will take a trade, but with minimal risk.
Happy Trading!
PS I will wait for some structure in the M30 to time my entry. I want a small sequence to form. If that does not happen, I will not enter a trade!
Lets have a close look on this one... AGAIN!As mentioned before, now comes the entry!
It was quite a long wait, but now its finally there!
The setup can be found if you click on the link to the previous idea, below!
Another nice thing, about this system: you can count on it ;-)
Have fun with it and trade safe!
Maple Sirup vs ShushiThis pair right here does exactly what I want it to do. So far.
Let's see if it continues in doing so.
According to the plan, this pair should soon start to raise.
The price is in a valid area, to gain now. We need a weak Jen and/or a strong Cad. Until now, there is still room for this pair to drop a little, but all in all, it should be climbing.
As this area is really big, we need to work with a smart Money Management and should not belive it takes only one single entry, to hit the breakout trade. It might happen, that we get stopped out. As long as we get the good long, it doesn't matter. Me personally, I want to see the price fall into the area where the blue target area meets the green turning area (the pinky area). For me, that has the best chances to turn the price around.
Have a look, on how nicely everything interacts:
The big green long Sequence needed to retrace into its correction level.
The price formed a smaller sequence (red) which led to a bigger sequence (blue), which has its target area right where we want to buy it. Coincidence?
Let's see what happens here.
Also, check out the other JPY pairs, as lots of them are looking bullish to me, right now.
