AUD/USD for the week ahead. Hey guys ,
The trend is bearish long term , and we look for short positions , as day traders or week traders we are also scalpers right?
so we wait the hourly confirmation , if we have a strong bullish candle at first hours of Monday we will aim for the main trend line the resistance trend line .
The main confirmation is the candle that we can see on the daily which called hammer , with allot of buying power to make this bullish candle, technically is that the price will move upward ,
some signals : ickimoku cloud--> on the daily is sell ,but in lower time frames become buy
the MA (10,20,50) on H1 ,H4 and daily is buy
The entry trigger is the hammer formation candlestick , for me its right combination to enter to 'buy' and then short it , I love that
The master is back , lets smash this week
The markets collapse , but we can make money with shorts !
Thank you
Traders
EUR/USD: Net-Long Traders Flood In Since Last WeekNET-LONG POSITIONS SPIKE 52.7% SINCE LAST WEEK
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EURUSD: Retail trader data shows 56.9% of traders are net-long with the ratio of traders long to short at 1.32 to 1. The number of traders net-long is 4.7% higher than yesterday and 52.7% higher from last week, while the number of traders net-short is 9.0% lower than yesterday and 30.9% lower from last week.
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BEARISH BIAS LURKS OVER EUR/USD
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EURUSD prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias.
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AGAINST the feelings of sell - nearest broken trendin nearest time (1-2 weeks- maybe first day of oct.) we may to see a another trend- market falling by 30% or go to the 8000$ in long term to the dec
if GREEN lines will be broken - that may be a sign for buy = end of long term Bear trend
BLUE lines is a resistance and support lines
RED line is a strong support line , when red line will be broken we falling to the other support lines
STAR and CAMERA - is a shoting time of action (22-25sept- 5 okt)
70 to 30 for Bear to the my previous predict- 4.8$ for BTC
in shirt time predict(to the end of sept- first days of oct)- we will to see slow bull run to the ~6,5$
LTCUSD: Litecoin Trader's Choice Litecoin LTCUSD Trader's Choice
Continuation pattern off the next support line so far.
But this is also set to deliver a decent each way bet over the coming 24 to 48 hours or so, depending on which way it breaks from here.
Any break above 62.3 and the upper parallel would be a very bullish signal for a short term spurt to 72.42 where it should fall away again.
A nice trade if we see it (depends on Bitcoin, sigh)
And on the downside any break below 55 will trigger a short back to 49.42 at least and should this fail back to 44.54.
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Bitcoin Technical Analysis Week of 07/23 - 07/29First attempt at keeping a trading journal as a beginner trader. The information in this charts is for recreational purposes and is not intended to be financial advice.
Yellowish rectangles depict area's of liquidity. Where's the most liquidity and where are MM reaching for?
Feel free to comment and check my bias.
TP'S MET GUYS! OUR SHORT IS FINALLY COMPLETED?!WELL WELL WELL.
This surely took a while however if you were able to hold your short for that long hats off to ya!
This was a really good move!
I think that we could possibly go lower, if this happens I'll provide updates!
Congrats, if you made money on this trade!
DASHUSD Day Traders' Paradise HereDashUSD
Last comment was waiting for a flag to develop and looking to
buy at 655 which wasn't great considering it spiked to 614.
There was no stop advised here as it's so spikey so if you kept
your nerve here, hats off. It was hairy.
That flag earlier on Dash, now lost in the noise, was a day
trader's paradise. This thing moves so far so fast and in such a
big range, 10% to 20% in every 24 hour period.
Now back towards the top iof its range and likely to unwind
between the top two parallels in near term. A good range for
day traders to play within. Take profits if still long and pick
up some more around 725
DOW JONES INDUSTRIALS: DOWI A Faithful Friend to TradersDow Jones Industrials: Easier than Nasdaq to Trade
It looks like a lazy continuation pattern is forming back to 22393 before a good rally sets in again. This pattern will only
change on any successful breach of either of the small parallels - to upside follow on successul break of upper
parallel for another test of the larger parallel above.And if the lower small lower parallel is sucessfully breached
on the downside it will seek support off the blue support line at 22995 - just much quicker than if it tracks within the flag.
The 22995 level is important to the medium term for the Dow. And we can see that the entire rally between the two blue
supports at 22995 and 22393 is, so far, uncontested. It would be easy pickings for bears should 22995 fail at any point.
It would fall quickly 600 points (a fabulous short if we see it at any point, worth setting an alert for) to 22393 at least and
quite likely to test the lower large parallel before the next rally could begin in earnest.
But until we see a break of those small parallels that form the flag top, this space belongs to day-traders. The 'perfect'
pattern will hold the flag fromation, zig-zagging down to 22995 on about 6th December before the great Christmas rally
kicks in. Only in the event that the two parallels that form the flag are broken in the interim will volumes pick up.
The three blue support lines then become the next obvious points to short from once broken.
MEDIUM TERM
The 22995 level is important to the medium term for the Dow.
And we can see that the entire rally between the two blue
supports at 22995 and 22393 is, so far, uncontested. It would
be easy pickings for the bears should 22995 fail at any point.
It would fall quickly 600 points (a fabulous short if we see it
at any point, worth setting an alert for) to 22393 at least and
quite likely to test the lower large parallel before the next
rally could begin in earnest.
But until we see a break of those small parallels that form the
flag top, this space belongs to day-traders.
LONG TERM
Long term, for what it's worth, this index should rally at least 4 X from the February 2106 low and quite easily 6 times. America has never had it so good since Ronald Reagan rode into the sunset. Happy thanksgiving to the USA. Long Term Cycle Analysis:
Dow and S&P 500: DOWI SPX500: Super-long-term Chart and analysis
LONG TERM
Over the longer term the Dow is still expected to rally at least 4 X and quite likely 6 x from the February 20016 low at 15513
over the coming 15 years.https://www.tradingview.com/chart/DJI/t9MH9rbb-Dow-and-S-P-500-DOWI-SPX500-Super-long-term-Chart-and-analysis/
Last Point: One other thing, this market is one of the best to trade, making conventional patterns, especially in continuation mode - making it muuch easier to 'read' than, say Nasdaq. Look atthe patterns - they're friendly, familiar. Are Nasdaq's? Find a friend you can trust. That would be the Dow.
CRB Index: TRJEFFCRB Useful Back-up for Gold and Oil tradersCRB Index Commodities Index: TRJEFFCRB
The CRB index - Back-up Confirmation for Gold and Oil Trades.
It's useful to know which way the greater wind blows before
setting sail. This wind is with the bulls and has been off and
on since June. It's making a nice trend of its own, grinding
away each bear in its path until 195.62 is reached - up about
2.5% from here. Do not consider shorting gold, oil, silver or
copper aggressively until 195.62 is reached on this index, except
near term scalping raids which will carry wiith them all the
risks associated with trading against a trend. Even the deftest
of scalpers will need their A game to make much from
shorting, and will likely have to move fast to bag any profits.
Any bears with a medium term view are going to get crushed.
Can therefore only turn aggressively bearish of Oil once the lower
parallel channelling this impulse wave is broken on downside.
Then you know the greater wind is turning and it's finally time
to change tack and start selling rallies again.
This index has a look of latent strength behind it - 195.62 will
not hold it back for long. Once passed it will rally another 5
points or a firther 2.5% to 203.6. Then look for the wind to
change and at least a 2.5% fall back to 195.6 again. Get this
medium to longer term idea of push and pull and you can
make some very good returns. Good trading to the 3 wise men
who bother to read such arcane research. You will do well.
Never so sure about the rest though...
Bitcoin BTCUSD Next support approaches for day-tradersBitcoin Update
Although it's now testing the next line of support at 6312, unless a day trader would advise to stay short lloking for a
test of the lower parallel. Some day traders will close out here looking for a decent counter rally back to the last
support/new resistance at 6425, though the old trend line, now at 6390 may now prove so toxic that any rally is stopped
dead here, on the underside of the old dynamic medium term support line. For others, stay short for test of the lower
parallel...if we don't see a rally from 6312 it should happen around 1pm est, but if we get a rally first that will be delayed some.
If it does rally from 6312, others looking to short this who have missed part of the ride can look to get on at 6420 if seen.