Predicting Market Moves with Precision, 3 Days in Advance Hello, TradingView Community,
Have you ever had that moment when your analysis doesn't just hit the mark but does so with the precision of a well-aimed arrow? Well, let me share a tale of market prediction that felt almost like time travel.
The Prediction:
Three days ago, I posted an analysis suggesting a significant move in . The charts whispered, the indicators aligned, and the patterns... oh, the patterns were practically screaming what was about to unfold.
The Reasoning:
Trend Analysis: The asset was at a critical juncture, showing signs of exhaustion in its current trend. The diagonal support (yes, we're back to that!) was about to be tested.
Volume and Momentum: There was a noticeable divergence in volume versus price movement, indicating that the current trend's strength was waning.
Market Sentiment: News catalysts were on the horizon, with economic reports due that were historically known to shake things up.
The Outcome:
Fast forward three days, and boom! The market did exactly what the charts suggested. Not just a minor fluctuation, but a move that would make any trader's heart beat a little faster.
Why This Matters:
Validation of Technique: This isn't about bragging rights; it's about the validation of methodical analysis over gut feeling. When your tools and understanding align to predict market behavior, it reinforces the importance of technical analysis.
Planning and Strategy: Knowing in advance allowed for strategic positioning. Whether it was setting up for a long or short, the heads-up gave time to adjust leverage, set stop-losses, or take profits at optimal points.
Educational Value: For those learning, this case study serves as a real-world example of how combining different analysis techniques can lead to high-probability predictions.
The Takeaway:
Keep Honing Your Skills: Markets are complex, but they're not random. Every chart, every news piece, every economic indicator is a piece of the puzzle.
Patience Pays: Sometimes, the market takes its sweet time to move. Patience in waiting for your setup to play out is as crucial as the analysis itself.
Stay Humble: Even with accurate predictions, the market can humble anyone. Always be prepared for the unexpected.
So, here's to those moments when we feel like market wizards, predicting the future with our charts and indicators. Remember, each successful prediction is a step towards mastering the art of trading. Let's keep learning, predicting, and trading with both caution and confidence.
Keep your eyes on the charts, and may your predictions be as accurate as a sniper's shot in the vast battlefield of the market!
Remember, while we can predict with high accuracy at times, the market always reserves the right to surprise us. Trade wisely, manage your risks, and celebrate those moments when you're right on the money.
Winningsignals
An Idiot's Guide to EURUSD: 5 Steps to Success 💲💲💲Synopsis
If you trade Forex then you know the weekends are the best time to analyse the market. Everybody likes to talk about how volatile EURUSD is, but what they don't tell you is that the market is ranging a good 80%-90% of the time; good deals do NOT last long. In fact, half of a days price movement can play out in 15-45 minutes, It's that fast. The best entries are usually snatched up in a matter of minutes, meaning that slow momentum oscillators and lagging trend following indicators don't perform well in these conditions. EURUSD in my opinion trades a lot like CL (crude WTI), where trading decisions need to be made while volatility is low to mitigate risk. Translation: if you can't win in a range, you're going to blow your account in this market, trust me.
I see so many people on here setting targets 2-3 times the daily atr with the expectation that they'll be paid by the end of the day or the next day. Don't do that, please. It's not a sprint, it's a marathon. Long term gains depend on practical consistent returns, not 10:1 RRs. It's actually a lot more realistic to take ZERO to two 20-40 pip trades per day. Over the course of a week it adds up.
The chart:
This week we came off of a really strong bullish surge away from parity, and the market then did what it does best, range. And the way that prices are moving right now is just classic EURUSD, I love it...I get so nostalgic, because ranges like these are how I learned to trade; the way that the market recycles over and over makes it so fun to trade, it never gets stale. Since it's the weekend and the markets are closed, I wanted to take this opportunity to share with anyone who might be wondering what it's like to day trade this market.
How to trade ranges:
Step 1: Find your levels...
The easiest way is to map out support and resistance zones. On the chart, I use my own variation of the Williams fractals indicator (I call them Neo fractals 😎) for every prominent swing high or swing low, the indicator draws a horizontal ray from the highest, lowest close and projects it out into the future. You can see the spots where lines start stacking up in a certain price range act as stronger support or resistance than the areas with only one dotted line. It only takes about 5-10 minutes per day to do this by hand though, so an indicator definitely isn't necessary. It's really important to be able to eyeball pivot points yourself anyways.
Step 2: Determine market phase...
After you've mapped everything out, it becomes a lot clearer what's happening in the market, and if the market is ranging or trending. If the market's ranging, you will see far more s/r lines on your chart especially once you start seeing s/r lines stacking up close to one another. A clear giveaway that the market is ranging is when price makes strong moves in one direction, only to return back from where it came, later in the day. Once you've determined what phase of the market you're even closer to spotting high quality trades.
Step 3: The next step is to find areas of value...
In general you want to find the areas within the range which provide the most exclusive prices, And steer away from price ranges that hold 80-90% of the activity on the cart. Being 5-10 pips in profit before a big move will completely change the way you feel about a trade when it starts to go against you (plenty winning trades will go against you, especially if you're trading reversals). On the chart you can see that the supply and demand zones only produced 2-4 trades this week, but all of them were for over 50 pips. These aren't the only trades you can take, but they're definitely the highest RR trades, you can get in a ranging market.
Step 4: What for confirmation...
There are so many ways to confirm a move, but my favorite for this market is a phenomena that I like to call a spike. (There's probably an actual name for it, but I'm self taught so I just make stuff up as I go 😅) Find a hammer or star candle on a higher chart like the daily or 4hr and it look at that time period again on a lower timeframe, what you'll see is that the hammer or star is actually just a large price movement in one direction followed by an equally large movement in the other direction. What might appear as a spike on a lower timeframe will appear as a hammer or star on a higher time frame, and the larger and longer the chart pattern takes to complete, the larger and longer the move will be in the opposite direction. These are the Rolls Royce of signals. When you realize that a head and shoulders pattern is really just a series of spikes, it will completely change the way that you trade. In my experience, trading price spikes alone out performs every other chart pattern there is, because most candlestick and chart patterns are made up of a series of spikes anyways. Most consolidation periods end in a large spike followed by a 1-200 pip surge in the opposite direction. They appear most often on higher timeframes as hammers and stars, or large engulfment. but on the lower time frames you can watch these things play out over 5 ,10 or even 100 periods sometimes. The key is to have very strict rules for what you consider a spike to be, how many pips? What kind of ratio are you looking for? is it happening in an area of value? etc.
Step 5: The range leads to the trend...
The reason that trend following strategies under perform in this market is because strong trends don't last long on EU AND getting good value is insanely competitive. The key is to spot these trends early, you have to be looking when nobody else is looking. That means waking up earlier than everyone else and having a plan in place before the move happens...Not seeing a big candle and just hopping in. I try to have a daily strategy in place before the Asian session ends, that way, I''m ready for London and NY. I live in the US, so that means I'm waking up everyday around midnight to 1 in the morning. But most of the time, if my trade starts well, I go back to bed and check back in around 7. If you want to trade EURUSD, that's what it takes though. There might have to be lifestyle changes that you have to make (especially for North and South American traders) in order to really commit yourself to this market and give your trading it the attention that it needs.
NAS100 Trading Signal for 30th April, 2021Very high probality setup on Nasdaq100. Bullish hammer formed on the 4hr timframe on a strong support level and double bottom formed on the 15min timeframe.
Just buy and put your Stop loss and Take Profit and wait for it.
Patience Is Key!
Bitcoin - You will shoot yourself in the foot if...I hate to be blunt about it but you should only be reading technical analysis from a couple of analysts. There are a lot of unproven hacks in this space and I will recommend that you stop following them if they are getting in your head with their doom and gloom about Crypto. They'll convince you NOT to buy when BTC is low because it "will go to $600" or "Crypto is dead." This is one of the main reason you missed out on buying at 3K and ridding the wave to 14K, last time you could have tripled your money in less than 6 months. The next opportunity is coming again and these amateurs are once again whimpering all the way down. This is a clear way to tell that your analyst took a beating and does not know how to make a profit trading. Do your self a favor and follow me, I have been teaching beginners how to do technical analysis for a few months and they have at the very least stopped losing money and a few have finally made money. You should learn how to chart your own path to doubling or tripling your money every year.
What's BTC doing?
It looks like it is either looking for more fuel to keep going up or going down to test bottom. We have stopped at the 61.8% retracement of the recent up move which is a healthy pullback, however if we go below 7k we might be looking to retest the bottom by landing on the green trend line, if we hit this line again and bounce up that's an indication that BTC has found a bottom, if the bounce is high, it maybe time to jump in with a little more money. What we know for sure is that if we melt below my green line we are going down a lot more.
The only scenario we need to worry about is if we melt below the 200MA on the WEEKLY time-frame, which is below my "Mother of all buy zones." Other than that Crypto is alive and well.
Follow me and you'll know exactly which coins to buy and when to buy to maximize your profits.
Hitting the "Like" button is like a tip, please don't forget to do so after reading this is your way of paying me for my time.
NOW, THE LEGEND;
Support trend-lines are green
Resistance trend-lines are Red
Horizontal support lines are white, the thicker the stronger the support
50 Moving Average is yellow
200 Moving Average is white
THE TREND: Going Down
THE OUTLOOK: Begining to see the end of the downtrend a rally may be coming soon.
GBPUSD Some actual tradesHi everyone,
Getting tired of only seeing analysis being posted up.
So, I am posting the visual definition of my actual trades this week.
Hoping you will all give friendly feedback and thoughts as truly I am wanting to generate solid profitable returns.
Based ont he calendar, trend analysis plus some instinct I am Shorting GBPUSD today and my lines mark it all nicely for you to see.
Red= Stop
Orange = Entry
Green = Profit take
SPX500 Spiraling up out and over into historical highs There is never just one single price direction for very long in the Capital Markets.
Here we have a perfect example. The SPX500 is due a new historical high, and it will fall in time nicely with the retrace due on GBPUSD.
I am wishing hoping and praying for a price of 2120 or above to get shorts onto, for once we touch heaven it will be back down into the depths of..... Well, you get the idea dont you?
www.stbinary.com
adam@stbinary.com
Get in touch if you like it ;)
EURUSD - Ride the waves dude"Dude!" That's right, time to get out your FX surfboards. Until later today when US data and the ECB president Mario speaks you can be sure that we are going to be riding the combined waves of Elliot and Fib.
Short term binary CALLS are what in my opinion will work here, but please do keep in mind EVERY single trade is a risk. And this is just MY OPINION.
That being said I expect us to touch up to the lighter green (0.382) Fib level before too long today,