GOLD possible bullish continuation 22~26 Jun 2020Gold has potential to continue bullish if immediate resistance level broken.
Support and Resistance
GBPJPY Supply & Demand LevelsNice institutional movements with the marked zones. Footprints all over.
EURJPY Demand Level With FibonacciStrong demand level and a simple pullback before we break through the resistance and continue up
EURUSD: Year's High AHEAD!!! Key Levels & Scenarios
EURUSD is approaching a key daily structure resistance.
1.15 is year's high, short rally from that level was just crazy in march.
we don't know how the market will react this time, so we must be prepared for both scenarios:
in case of a bullish violation of the underlined resistance (daily higher high higher close)
the pair will most likely keep growing.
next midterm resistances will be:
1.155
1.160
if the structure will be respected (some reversal formation on lower timeframes)
the market may retrace.
closest midterm supports will be:
1.137
1.130
of course, bias right now is bullish, but it is too late to jump in.
let's patiently wait and see whats gonna happen.
Candle math 2 (basic)The spread of each candle is identical (for the most part) but notice the volume .
All 3 have also penetrated a hypothetical demand / buy zone and that is the demand returned.
Out of the 3:
which of them has the- highest- probability of a bearish continuation?
Which of them has the -lowest- probability of a bullish reaction?
why?
Candle math 1 (Basic/exercise)The spread of each candle is identical (for the most part) but notice the volume.
All 3 have also penetrated a hypothetical supply / profit taking zone and that is the supply/profit returned.
Out of the 3:
which of them has the- highest- probability of a bullish continuation?
Which of them have the -lowest- probability of a bullish reaction?
why?
Binance Hot list coin July 15, 2020 : XMRUSDT #3Looking similar with the other 2 coins IOTA and BNB. Currently the price is trending slightly below the resistance zone of the ascending triangle pattern for short term perspective. But, for longer term perspective there is a small gap for the price to test the resistance trend line that is a strong resistance zone. Breaking above this resistance trend line will lead the price to the new up trend bias in long term. The hidden bullish divergence is occurring and I think the take off will take place soon.
Binance Hot list coin July 15, 2020 : IOTAUSDT #2Currently the price is trending slightly below the strong resistance horizontal line (white). Beside that, there is still another hidden bullish divergence on RSI that is forming now. Breaking above this resistance will leads the price to interim swing high as the nearest target.
Binance Hot list coin July 15, 2020 : BNBUSDT #1The price is having a strong momentum to breaks out of the white resistance trend line soon in the near future. There is a strong horizontal resistance zone that the price is currently trending at. However, this zone is having an alignment with the resistance trend line formed in the daily degree. Another strong indication that the momentum is so strong is that there is a higher low on the price action but lower low on the RSI showing us the criteria of hidden bullish divergence as the continuation pattern to the upside. If the price can breaks out of this current resistance, potentially 40% profit with parabolic moves at the blue region.
GBPUSD "avoid selling into support" exampleIt keeps me aware of my location on the chart at all times and save me a lot of frustration. There are circumstances where you can get away with breaking this criteria however, it comes with increased risk and one should know how to adjust the capital they are using appropriately based on the risk.
Here is an example of price/volume reaction at support. If you were tempted to enter short, price would now be moving against you and you are at the mercy of the market. It might play out short yes, but more times than not, this WILL work against you. All that does is cause you to stare at the screen hoping things go your way. That is a very un-enjoyable and stressful situation to be in. I think in Wyckoff technique its called "phase B"... Phase B being the portion of the trading range where supply/demand balances/imbalances get worked out and you do not want to be in the way of that process.
But what will save you and/or at least give you time to react to a poor entry with minimum loss is to:
Avoid selling directly into support/strength/demand
Avoid buying into resistance/weakness/supply
Avoid entering positions in the center of a trading range
There is a lot more to it. There are a wide range of techniques to experiment with/employ. But no matter the technique one principle must alway be considered:
SM buys low
SM sells high
AUDJPY Selling Opportunity SetupSticking with the intraday price action on AUDJPY again, we have seen another trading opportunity set up at the 75.00 big figure level.
AUDJPY in general, love the big figure levels, so when we see price reject at these round numbers we want to focus in on the price action on the lower time frames to see what other pieces of information can help us make a more informed trading decision.
When we go down to the 5 Minute chart we can see more clearly how a smaller head & shoulder pattern completes right at the 75.00 level. With this information, although on a lower time frame can help you see more accuracy in the price action while also helping you find a better and more precise level to enter.
Managing your trade becomes easier in this situation because you don't have to place your stop loss too far above the pattern high and 75.00 level.
GBPUSD Bullish GartleyGBPUSD diperkirakan masih akan melanjutkan kenaikannya, setelah menyentuh area strong demand dengan membentuk bullish harmonic pattern, Gartley.
Análisis del dolar Comparto con ustedes los análisis para esta semana de algunos pares relacionados con el USD
Binance Hot list coin July 13, 2020 : BCHUSDT #3Breaking out above the green resistance trend line with a huge candle which is good for the upside potential. Currently, the price is trending slightly above the white support zone which is a strong zone for buying during this accumulation. All I can see is an upside potential moves with a short pullback to $230 region as the support line and the $225 as the potential liquidation level. After that, upside movement is imminent toward $270 in short term.
Binance Hot list coin July 13, 2020 : ETCUSDT #2Here is my premature deduction based on the Elliot Wave Theory and count on Ethereum Classic. There could be a complex and flat correction wave on 4th which forms a potential descending triangle that usually becomes a failure. Beside, the RSI has its first peak and there could potentially the 2nd peak which forms a lower high but higher high on the price. Breaking out above the resistance trend line will activate my laddering buy.
Binance Hot list coin July 13, 2020 : QTUMUSDT #1Quantum is looking good for now. The action of slowing down of the volatility and the fact of the contracting triangle to form after a huge break out from the white resistance trend line could be the action of the accumulation zone. During this accumulation phase, the bulls is slowly gaining some momentum of potential breaks out to the upside of the triangle. Currently there is a hidden bullish divergence occurs between price, RSI and MACD. This is one of a good sign of potential bullish continuation.
S/R King + MPL 30M SELL USDJPYBacktesting on
Epic system of forex structure. Sniper Forex.
List trading setup:
1. MPL (Maximum Pain Level / QM (Quasimodo) - Reversal
2. SSR (Significant Support Resistance) - Continuous/Follow Trend
3. S/R King Double Moru (DBD, RBR , DBR, RBD )
4. Fakeout King (Big Trader Trade)
5. Hidden King (Sniper Entry)
Priority:
1. Stop loss must smaller than your take profit.
2. Must at least 2 reasons why you enter the trade.
3. Trade and Forget.
Psychology:
1. Not all setup is valid, its fact.
2. Lose small and win big, ratio 1:3/more, lose small multiple time and win big 1-time cover all the loses.
3. The only way to win in Forex is by managing you capital after profit and take a small risk but the reward is more.
4. Sometimes when the price hit your stop loss but you still follow your SYSTEM, its still a good trade. READ IT AGAIN!
EURUSD Bollinger Band/RSI position identification. Accumulation into M/U approximately 6 sessions.
Using the demand line (green) and the supply line (red) you can identify where the concentrations of activity took place.
The extremes of RSI will serve a similar purpose. It's generally a good practice to avoid entering positions while supply/demand dynamics get worked out. Its bad to be in the middle of this process. Be patient and let the market sort it out.. get out of the markets way! It's going to do what it wants to do, not what you want it to do.
If you can identify wether or not SM is positioning itself long or short for an eventual move... you are trading.
Don't believe me though... just look at the evidence right in front of you in the chart!.
Practice*
PM me any questions on TA or refer to the listed resources below.
Sources of education:
Richard Wyckoff
Tom Williams Volume spread analysis VSA/ Master the Markets
Pete Faders VSA*
Read the ticker dot com
Wyckoff analytics
Dee Nixon
BTC trading challenge price action/volume techniques
Good luck
Binance Hot list coin July, 8th 2020 : BATUSDT #2Looking at the price, you can see that the price bounced right after it touched the golden pocket zone which is having an alignment with the 200 Moving Average on the 4 hours chart. The price potentially is forming a sign of inverse head and shoulder which usually is very bullish as a reversal pattern from correction. If the price can breaks out of the white resistance trend line as the neckline, there will be a huge spike to the upside in near future.
GBPUSD TP HIT!Trailed my stoploss to this level, if you followed me, could have caught at least 100 pips. Thanks if anyone took it!
Pulse of an Asset via Fibonacci: SPX at minor Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part of my ongoing series to collect examples of my Methodology : (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
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Ordered Chaos
every Wave is born from Impulse,
like a Pebble into Water.
every Pebble bears its own Ripples,
gilded of Ratio Golden.
every Ripple behaves as its forerunner,
setting the Pulse.
each line Gains its Gravity .
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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