Timing the Bubble Burst Sequence (DJIA/Gold)... And the Price Levels. (Ought to speaks for itself.)
Same as the Title Chart - less distorted;
Timeframe
NZDJPY SHORTA strong upward trend has been broken and is now ready for a fall on multiple TFs, a major "brick wall" has been broken and lower highs have been made proving a break of structure on multiple timeframes. I personally, would like to see a rejection of the channel, resistance and a potential head and shoulders forming
The Golden Timeframe - Why We Use the 4Hr TimeframeA video about why I use the 4hr Timeframe to execute my trades. Let me know your thoughts in the comments below.
EURJPY BUYERS GTFOAccording to my price action analysis the buys should be exhausted at this point because the H4 resistance is holding so we expect price to fall down to 129.707 as our tp1 a slight retracement the down to our Tp 2 at 129.544 with a stop at 130.056 then move SL to break even and let the RUNNERS RUN to Tp3
user proper RISK management
GOOD LUCK TRADERS
ETHUSD ENTRIESETH is about to touch all time high resistance back in the middle of February. I believe that ETH not only kiss the resistance but bypass it and continue to moon. Correction seems to be over. But as always, nothing is guarantee. My Simple price action strategy will assure you with big gains with little losses.
Message me if you want to know how to utilize my strategy. Love helping yall achieve what we all want to achieve.
When resistance breaks (red) enter for a buy
When support breaks (green) enter for a sell.
Bonus: Sell right before resistance breaks with a clear mfi indication (15-20 pip loss if it goes south)
Buy right before support breaks with a clear mfi indication (15-20 pip loss if it goes south)
COMMENT OR MESSAGE ME IF YOU WANT ME TO EXPLAIN HOW MY SCALPING STRATEGY WORKS FOR THE 15M-1HR TIMEFRAME
TSLA: The Channel GamesChannel 1:
> Lasted ~1 month and ended with bullish push. (1 Day Timeframe)
Channel 2:
> Lasted ~2 months and ended with bullish push. (1 Day Timeframe)
Channel 3:
> Lasted ~1 month and ended with bullish push. (1 Day Timeframe)
> Important channel, created support/resistance for channel 5.
Channel 4:
> Lasted ~1 month and ended with bearish pull. (1 Day Timeframe)
> Two price rejections, indicated by yellow circles.
> Two mini channels:
>> 1st mini channel ended with bullish push that was rejected. (2 Hour Timeframe)
>> 2nd mini channel ended with bearish pull. (2 Hour Timeframe)
Channel 5:
> Will last ~2 months. (1 Day Timeframe)
> Two mini channels:
>> 1st mini channel ended with strong bearish pull. (2 Hour Timeframe)
>> 2nd mini channel just started with huge impulse. (2 Hour Timeframe)
>>> 2nd mini channel also formed a head and shoulder. (5 Minute Timeframe)
Support/Resistance 1: $895
Support/Resistance 2: $686
White lines: 1 Day timeframe
Yellow lines: 1 Hour timeframe
Yellow Circles: Rejection
BTC Fibonacci study and prediction - 2Quick follow up on the previous projection for the Bitcoin price action based off Fibonacci levels, patterns in time and basic wave market structures.
So far the Bitcoin price action has been following the path projected on previous idea.
At this very moment it appears to be reaching the end of the second leg inside our main leg down towards the ~40k area forming a head and shoulders pattern.
This is projected to be reaching the max bottom by Monday - Tuesday at which point it will be blast off to the moon until mid April-ish.
I expect my price targets on BTC related stocks to hit before bottom and plan to take action before the 44k area to ensure my entries.
I'm looking to average down in MARA entry levels near 20 and ARBKF 2.5.
If this does happen it will also be a great time to buy April / June call options at an incredible price.
These resistance levels and waves are good guides but the actual events are unpredictable,
so make sure to average in your positions and take advantage of these delicious dips!
Small stop back to earth then blastoff to the moon, see you there!
USDCAD Short opportunity could be in play by end of next weekHappy Weekend Traders,
Thank you for your likes and questions. If you have any queries feel free to message me.
I have had a few questions around how I build my analysis for the week. Here is one idea, I am looking at, I haven't placed a trade but is on my watchlist due to the below:
Bias: Short USDCAD
Type of idea: Swing
Please note: This chart is 4hr but the EMA is based off the Daily chart. I have used 4hr chart as a way to identify the price action so I can get into the trade early if it moves in my direction but not too early just in case it is noise.
Rationale:
1) Price has reacted between the Daily Chart 100EMA (Red line) & Daily Chart 50 EMA (Amber line) 2 times ( see pink circles)
2) Long term the pair is in a down trend
3) Near term the pair is in a down trend (Black line)
What am I waiting for:
1) USA news release next week (PMI, Non-Farm, Unemployment) I am not going to trade these releases but merely keep an eye on the release and see how positively or negatively it impacts the pair.
2) If news is negative for USD and price closes below Daily Chart 50EMA I will place a short
3) If news is positive for USD and price moves above Daily Chart 100EMA I will not place a trade
Point to note traders: Be careful of all USD pairs this coming week due to the news releases (that is only if your strategy doesn't include trading news releases).
If you like it give it a thumbs up and I will post a follow up should this pair move in favour of my bias.
Have a great weekend, Happy Hunting!
Change your perspective: Time and trading psychologyExpand Your Time Scale
A significant 2% selloff like we saw today can sometimes feel like a buying opportunity-- "stocks are on sale!" We humans are extremely impatient, short-term thinkers. Especially when you're new to trading, it's tempting to rush in and buy every "dip."
But to win at investing over the long term, you've really got to develop a much larger sense of perspective. Real corrections unfold on a much larger time frame than a one-day, 2% market drop, and trading too frequently has pretty steep costs.
Lots of studies have shown that on average, the more frequently you trade, the lower your returns. Even in a zero-commission world, you still may lose a few cents on every trade due to "bid/ask spreads," especially if you're trading low-volume securities. Plus, any sale you make is going to be taxed, whereas if you leave that money in the market, your taxes are deferred until later. Those costs compound every year like negative interest, eating into your future returns.
Know Your Human Limitations
The first step to beating the market, frankly, is to understand that you are that easily distracted dog on the movie Up who's constantly shouting "squirrel," and you are always going to be that dog. In other words, the first step to recovery is acknowledging you have a problem.
Once you realize you have a problem, then you've got to create a plan to correct that problem and follow the plan religiously. In this case, you are never going to be able to reformat your brain to operate on geological time. That just isn't how the human brain works. What you can do is adopt tools and systems and habits of behavior to help you think bigger about investing. In this post I hope to give you a few.
Adopt Tools for Thinking Bigger
1. Simply zoom out.
I know a lot of folks are looking at the 5-minute time frame and trading every technical signal they see. If you're beating the market by a wide margin that way, then great. Otherwise, you're better off zooming out. Try using the weekly, or even the monthly chart. When you view equities on a longer time scale, you see different things on the chart. For instance, looking at the S&P 500 on a weekly time frame tells me that the one-year uptrend is still intact, and today's "correction" was nothing in the scheme of things.
On the monthly chart, frankly, there hasn't even been a dip:
2. Don't look at markets every day.
If you're trying to think on a larger time scale, frequent updates are just more opportunities for error. I learned pretty early on in my trading career that I performed better overall if I didn't check my investment account during the day. In fact, for most investors, the best thing they can do is probably dto buy an index and never look at it at all until they retire. Even if you like to be a little more active than that, I'd still suggest checking in no more than once a week.
This applies to consuming market news and analysis as well. Subscribe to only a few highly curated sources of investor news. There's so much information out there, and most of it is just noise. Paradoxically, more information often doesn't make you more informed; it may make you less informed if it's low quality. Let someone really competent filter the noise for you and only give you the most salient sound bites.
3. Set it and forget it.
I use a lot of alerts. I identify a price level I might want to buy or sell, and I set an alert and don't look at it again until my alert triggers. That way I'm not tempted to buy or sell too early. You have to be prepared to create a trading plan and then stick to your plan, no matter how long it takes.
I also use alerts for news. Most companies have an "investor relations" page where you can subscribe to press releases about the company. You don't need to know what the CEO is saying on his Twitter every day, but you probably should be subscribed to the press releases and quarterly earnings report so you'll see immediately if something really major changes about the fundamentals. To follow sector news, you can subscribe to a weekly industry newsletter or set up a Google news alert.
4. Consider setting limitations on yourself.
Think of yourself as a time traveler who's come back in time to prevent your future self from making a big mistake. A mistake like, for instance, buying a market top because you saw a one-day dip of 2%. You know your future self is stupid and you can't cure stupid, so the best you can do is put up obstacles to bad decision-making and hope they'll do the trick.
For instance, I don't much like mutual funds, but one reason to buy a mutual fund rather than an ETF is because they're far less tradeable. For instance, most mutual funds have rules in place that prevent you from withdrawing your funds too soon after depositing them.
Another strategy is simply to remove investment apps from your computer or phone. Make it that much harder to access, so you're not unconsciously opening up the app and compulsively checking your accounts all day. You might even consider locking yourself out of your account and giving the login information to someone you trust, with instructions to only give it back under very specific conditions.
5. Remind yourself.
Set up a regular calendar reminder or put a sticky note on your computer to remind yourself to think on a larger time scale. Go back at the end of the year to revisit trades you entered or exited early, and see how much money you left on the table. Honestly, I think you'll be amazed.
EURGBP 4HR TIMEFRAMEEURGBP 4HR TIMEFRAME
Market Structure: Bearish
EURGBP is on a bearish momentum to take out previous buy liquidity. There's not much consolidation, which confirms my confluence that EURGBP will continue bearish.
TPS are marked.
Since I marked this during NY Session, I would wait until London Session to hunt for an entry.
REMINDER: Always take profit/partial profit at TP1. Price majority of the time reverses back to entry zone, then continues to smash TPS.
ETH BULLISH AFTER COMPLETED BREAKOUT 🙄👑🙄👑Hi dear treaders, Atrium is moving in the ascending channel. After correcting and bearish yesterday, If buyers are unable to keep the price above 1750$, the price will return to the support of 1543$ and then 1462$ support. And then continues to move inside the chanel. The first resistance is 1800$ and second resistance is 2000$.
Wait to breakout completed.
If you like my idea please click the * like *button and comment your idea.
Good luck.
Chart setupsIf anyone would like assistance with multi-chart layouts, indicator templates, or general TradingView use, let me know. By answering your specific questions through screen shares, I may be able to save you days of research, trial-and-error and frustration.
AUDUSDThere is a bullish trend on the WEEKLY timeframe for the AUDUSD pair.
On the DAILY timeframe there has been a couple of different support and resistance ZONES.
On the H4 timeframe we can see the 1 and 2 ZONE.
Currently, the price has extended to no man's land.
The final candle shows that there may be some bearish pressure as indicated by the bottom wick.
In the next week we could see a move to the resistance of ZONE 2 and possibly a move towards the support of the same ZONE.
NZDUSD 4HR TIMEFRAMENZDUSD 4HR TIMEFRAME
Market Structure: Bullish
The purple rectangles that are placed are the equal highs/equal lows. I see a lot of liquidity where I placed the purple rectangles. Since it broke previous equal highs, I'm waiting for a retest right back toward the purple rectangle (resistance), then back up towards the green rectangle line which says (NEW TARGET AREA).
The blue line where the green rectangle is placed is my TP.
The buy setup is a 62 pip move.
However, if price reverses toward the downside, I'll wait until it breaks support (bottom purple rectangle), retest, then make an entry.
TP for sells are also placed & marked up. The sells are 83 pip move. If price goes either way, both setups are in place.
REMINDER: Always take profit/partial profit at TP1. Price majority of the time retests that area, goes back to entry, then smash TPS.
5 steps for building technical analysis by time framesYou sometimes ask me how I structure my forex technical analysis.
Today I will share 5 simple steps that I go through myself to determine the direction of the price.
So.
Step 1 - start with a large TF to analyze the global price movement and mark major levels.
Step 2 - Go to Week 1 TF to find major trends and recurring items.
Step 3 - I use the daily timeframe to mark strong trend lines, find patterns and determine the approximate entry area.
Step 4 - then I use the 6h 4h and 1 hour timeframes - this helps to clarify the last price movement and pay attention to small trades.
Step 5 - minute TFs to test your hypotheses and find an entry point.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD update Good day traders !!! On gold we are looking at a short setup because we got again into the descending channel again and it seems that we had some sort of fake breakout of the trend line. Also we just completed an "M" formation on the daylight timeframe and we retested the neckline and rejected it. We are looking for a short setup on the short term but be cautious with everything that is happening with the stock market because it has a big impact on commodities as well.
Now if you enjoyed this analysis like and share. If you have a different opinion comment below as I would love to have some more insights about this pair.
Trade safe !!1
GOLD to 1840, Buckle up !!!Good Day Traders !! On Gold as we expected the price dropped to the demand Zone and broke the trend line ! On the Monthly timeframe we have an overextended W formation and we just tested and rejected the neckline. Down on the weekly timeframe we have an "M" formation and we have confluence between the neckline of the weekly and Daily "M" formations. Also it happens that the neckline on the daily timeframe is exactly the 0.618 Fib retracement on the previous leg. With all of that being said we are looking at a potential opportunity for long in the short and mid term for gold. From an institutional perspective we have hedge funs and non commercials institutions adding a massive amount of long position on gold and this impulse to the downside could be considered as an accumulation of liquidity before the real launch.
Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset.
Trade safe !!!
USDCHF DAILY SHORT TRADE- double big up & down bar is mean the price is rejected the resistance + supply zone
- after breaks-out the head & shoulder pattern, the price is in the up trend
- short will small position to demand zone or long when price test demand zone + support level with clear price action
- if you look the volume, you will see it is increase around the head & shoulder pattern, specially the big bear bar with a large of volume. it's mean the shark started this long trade and they killed retailer investor tried long or short before. the momentum is too strong.
RULE OF THREE TIMEFRAMESHello traders,
this time I came with an educational post, because on Friday I don't take any trades due to sloppy markets.
Most of the times I see question like how many and what timeframes should you use when trading.
Rule of three timeframes says, that we should use at least two but no more than three timeframes.
Personally, I use W,D and 4h.
Here is how I use 3 TF in my trading strategy:
1) The highest TF should be used for spotting an overall and long-term trend and plotting an important key levels. So I basically do my charting on the W timeframe, identify the trend and plot the key levels.
2) Everyday I start on the D, that's where I do my analysis and what I call my main TF. I use Daily to plot daily structures, identifying the trend from short-term perspective, plot trend lines etc. When I spot a good opportunity in the market, I check W if I am going with the trend
3) After spotting an opportunity on the D, checking if I am with trend, I go to the smallest TF I use-4h. That's where I am looking for a good entry.
Hope this small summary will help you, thanks for stopping by and checking my post!
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
Backtesting retest Break of Market Structure on Multi TimeframeStrategy
Create a zone from the order block which created break of market structure on 1D timeframe
Wait for it to be tested on 4H timezone => which will create new 4H order block
Trade the retest of that 4H order block
Color coding & icon use
Green boxes : 1D order block zone
Yellow boxes : 4H order block zone
Tick icon : Trade won on 4H
Cross icon : Trade lost on 4H
Circle with cross icon : Trade in breakeven
Win / loss assumptions
Win : 3R movement without breaking -1R
Loss : -1R movement
Breakeven : 1R movement, followed by -1R movement
Risk Management
50% TP @ 1R
25% TP @ 2R
25% TP / Trade closure @ 3R
RR achieved = 3R
Net R achieved = 1.75R
Strategy results
Testing duration : Jan 2020 - Jan 2021
Wins = 16
Loss = 7
Breakeven = 4
Non-losers = 74%
Absolute Winners = 59%
Net RR = 21
Avg R/Win = 1.31R
Avg R/Trade = 0.78R
BTC LONG TRADE H1 !!!- Strong demand zone 1st was formed after strong buy by SHARK with BIG BULL BAR & BIG VOLLUME
- Wait Price Action or Buy Limit around the demand zone
- Entry, Take Profit, Stop Loss as the chart
Bitcoin Long Trade in M15- the price is tested the demand zone
- BUY LIMIT around demand zone and TP1 around 1upply zone 1st. TP2 around supply zone 2nd
Timeframe selection is important to trade short squeeze!Timeframe selection is important to trade short squeeze!
What happens in a short squeeze, the short-sellers are under pressure because they are under distress trying to cover their short positions. Along with bargain hunters and active traders wanting to make a profit from the short squeeze, all that combined actions pushes the price even higher.
Time is money! Short traders try to trade carefully and fast. Short traders know that they have to act quickly otherwise the next higher price will be more expensive to cover their short position. However, short traders have to cover their short positions fast but don't want to cover the stocks too fast because that will move the price even faster and that puts short sellers at a disadvantage. Short sellers become long traders once they completely cover their short shares.
Time frame selection is crucial when making a decision to go long or short. When trading a short squeeze, the weekly chart doesn't give the active traders good information. In fact, the weekly chart is useless to active traders because it doesn't provide any information.
Active traders wanting to participate in short squeeze should consider looking at the 15-minutes chart or the 1-minute chart to make their decision to go long or to go short. With the weekly chart, it is impossible to decide the entry or exit price.
Thank you for reading!
Greenfield
This is article #3 on how to trade short squeeze. Remember to click "Like" and "Follow!" to see more articles on how to trade short squeeze.
Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
