TradingHeroes

TradingHeroes

(Nov. 26, 2018) This is a good opportunity to practice your price action skills. Before moving the chart forward, answer the following questions: 1. Would you go long, short, or no trade...right now on the chart above? 2. Reasons for trading or not trading? 3. If you would trade, call out your stop loss and take profit. Then scroll the chart forward to see...

TradingHeroes

(Oct. 5 2017, Daily) This is good practice to recognize price action setups. If you would trade this chart, before you hit the play button on this chart, leave a comment below and let me know: 1. Why would you go long or short? 2. Where would you place your stop loss? 3. Where would you place your take profit? If you wouldn't trade this chart, then simply...

TradingHeroes

This is an example of a Batman chart pattern. Notice the two ears and the consolidation (or head) in the middle. It basically looks like the top of Batman's cowl.

TradingHeroes

It's a little tough to tell what the EURUSD will do at this point, but it seems to be in the middle of a range. Might be a good time for a 100% hedge trade.

TradingHeroes

Could be a sign that price will head back down to the previous level of support at 9350.

TradingHeroes

The next support level will probably be at about $6K. There is a lot going on with the Segwit2X fork so price might go a little higher because people are buying to get the benefit of getting the new coin for free, if they own Bitcoin. But after the event passes, we will probably see some normal correction and this might be a good level to buy again.

TradingHeroes

Price and volume are getting very quiet in the SC/USD currency pair. It looks like all of the hypesters have potentially been shaken out of their positions and we may see some accumulation. The Sia project is still on track and they have a working product. **Not trading advice, think for yourself.

TradingHeroes

They don't have a real product yet. Will probably drop more.

TradingHeroes

If you look at the crypto charts, LTC still shows an uptrend, while others have dropped significantly from all-time highs.

TradingHeroes

Just for chart analysis. Most cryptos are in a dip, but look for the ones that have the strongest patterns. That could give you some clues.

TradingHeroes

If we can close strong below the current support level, there doesn't appear to be good support until $119.

TradingHeroes

Just a quick chart check before the weekend... Price is getting close to weekly highs, so be aware when trading your strategy. Have a great weekend!

TradingHeroes

Confidence in this trade: 2/5 Looks like it is flagging after a big run up. Probably go higher.

TradingHeroes

Looks like a good technical move of diagonal support line.

TradingHeroes

There is a pin bar off support. The daily and weekly charts are bearish, so going to pass on a trade here, but it is one that I might have taken.

TradingHeroes

Looks like a decent long opportunity into this support level. Good R potential.

TradingHeroes

Pin bar on other broker charts. Might be a good for a small position short, Nice R potential.

TradingHeroes

Looks like the trend will continue.