VHT repeating patterns moving into a wedge.We have a repeating set of triangles that have moved into a broader triangle. Each of the triangles are roughly the same length and the move as the first ended is very sudden. If this is a repeating pattern we will be looking for a spike in volume as the move begins. The move should begin either in the next candle or the one thereafter, afterwards I would begin to think that the pattern has become too long and will fail.
So I’m looking for in the next two candles for the upper downsloping trendline to be broken , price action to remain above the 20 weekly MA, price to break the green resistance line at 1.675 and for a volume spike to occur. All at the same time. Not much to ask for really.
Failure will be price action breaking below the lower blue upward sloping trend line and the red stop line at 1.50.
I will point out that there has been an overall decrease on volume at the moment which doesn’t concern me. My philosophy is that price velocity increases on either increasing or decreasing volume. It doesn’t happen on flat volume so this is still in play despite the drop in overall volume at the moment.
Cycles
20191103 XBTEUR Open Short PositionHi there,
I'm basing my analysis on Fractals Expanded as usual, or algorithms used on bots, or cycles.. At this point, i found it more clear to see where we are standing up right now. Is just a theory so again, is not investment advice.
I have marked in red arrow to reference points. Right now we are at the first Arrow position according to my studies, Fibonacci Retracement, and i've seen the same behavior on RSI.
Remember we are in November and last year at this same period we had a downtrend so watch out.
Hope you find it helpful.
Cheers.
Charter X
Let's go back to the idea that "Today is October 1st, 2012!"I am on the weekly BLX chart because I need very old data. I want to get back to the idea that 2017-2019 cycle is not equivalent to 2013-2015, but to 2010-2012 one (Yes, it is not originally my idea and I am kinda sure you have already heard about it, but I want to work more on it here).
On a big time scale, I see two big cycles (orange lines in RSI chart) where each has two sub-cycles (green lines).
I think the parabolic run started in Feb2019 is the one we had in May2012 and we just completed it (see the arrows in RSI chart as well). The only difference is that in 2012 we bottomed on 21-WMA while in 2019 we bottomed on 100-WMA (Because we had stronger parabolic run from the bottom in 2019?? So, stronger correction?). I agree that the price pattern is not exactly matched but my point sees the overall/general/big-picture movement only.
I copied the price pattern from 2012, scaled the time and put it over 2019 cycle, how nice the pick of copied pattern matched with 2020 halving! (Again, forget about the price number, I am not saying we are heading 100K-200K!!). HOWEVER, there is one possibility that we go almost sideways (slightly upward) with some minor pumps and dumps till May 2020 and then the major bull run (I mean parabolic run) starts afterwards.
If this theory plays out well, then we probably have to major parabolic runs ahead, one in 2020 and one in 2021, like those we had in April2013 and Nov2013.
What do you think?
Cheers,
EURUSD Long again@~1.10930, SL@26 Oct Lo, TP@~1.123001) Risk max 2% of your a/c in any trade
2) Look for min 3:1 risk/reward ratio setup e.g Sl 100 pips TP 300 pips
3) Repeat step 1) & 2)
GBJPY short ~ 140.50, for e of triangle, Sl@24 Oct Hi..TP ~ 136My Own discovered methodology of Trading: xyz3dtrading
where x - Time/cycle , y = price, z = speed ( without speed price won't move )
1) Risk max 2% of your a/c in any trade
2) Look for min 3:1 risk/reward ratio setup e.g Sl 100 pips TP 300 pips
3) Repeat step 1) & 2)
EURUSD Long. SL@ 25 Oct '19 lo, TP@ around 1.12300It's said, "Never Try To Predict The Market". BUT as long as we have "Clear Stop Lost / Target Profit" with "Good risk/reward ratio and Money Management. It doesn't matter it is "black cat or white cat" as long as it can "meow meow "
My Own discovered methodology of Trading: xyz3dtrading
where x - Time/cycle , y = price, z = speed ( without speed price won't move )
1) Risk max 2% of your a/c in any trade
2) Look for min 3:1 risk/reward ratio setup e.g Sl 100 pips TP 300 pips
3) Repeat step 1) & 2)
GBPJPY short now, SL@ 24 Oct '19 hi, Tp@ around 136.00Last previous should be able to breakeven....
My Own discovered methodology of Trading: xyz3dtrading
where x - Time/cycle , y = price, z = speed ( without speed price won't move )
1) Risk max 2% of your a/c in any trade
2) Look for min 3:1 risk/reward ratio setup e.g Sl 100 pips TP 300 pips
3) Repeat step 1) & 2)
Gold Long Now. Sl@ 29 Oct '19 lo, TP@ around 1535My Own discovered methodology of Trading: xyz3dtrading
where x - Time/cycle , y = price, z = speed ( without speed price won't move )
1) Risk max 2% of your a/c in any trade
2) Look for min 3:1 risk/reward ratio setup e.g Sl 100 pips TP 300 pips
3) Repeat step 1) & 2)
PADINI Fashion.When was your last purchase? Good Dividend StockPossible RM2.38 is a good buy.. For Education ONLY
EURUSD waiting for buy setup @ around 1.10600My Own discovered methodology of Trading: xyz3dtrading
where x - Time/cycle , y = price, z = speed ( without speed price won't move )
1) Risk max 2% of your a/c in any trade
2) Look for min 3:1 risk/reward ratio setup e.g Sl 100 pips TP 300 pips
3) Repeat step 1) & 2)
GOLD long Sl@ 22 Oct '19 lo, Tp @ around 1535..My Own discovered methodology of Trading: xyz3dtrading
where x - Time/cycle , y = price, z = speed ( without speed price won't move )
1) Risk max 2% of your a/c in any trade
2) Look for min 3:1 risk/reward ratio setup e.g Sl 100 pips TP 300 pips
3) Repeat step 1) & 2)
GBPJPY short. SL@28 Oct'19 Hi, Tp @ around 136.00My Own discovered methodology of Trading: xyz3dtrading
1) Risk max 2% of your a/c in any trade
2) Look for min 3:1 risk/reward ratio setup e.g Sl 100 pips TP 300 pips
3) Repeat step 1) & 2)
Gold Short ~ 1530, SL@24Sept '19 hi, TP @ ~ 1478My xyz3dtrading method
Detail @ The Chart
1) Risk max 2% of your a/c in any trade
2) Look for min 3:1 risk/reward ratio setup e.g Sl 100 pips TP 300 pips
3) Repeat step 1) & 2)
EURUSD, 1 more leg up before looking for sell setupLook for sell setup @ down trendline and daily 233 EMA Confluence areas
End-of-Day Review leads to more Bullish Momentum for ES EminiPrice Action initially moved below the Opening Bell before finding minor support at the intraday lows and reversing. Momentum changed direction and price action crossed above the Opening Bell and continued the pre-market bullish trend all day as it stayed above the 20 MA and the 200MA.
