Feathercoin at beautiful bottom. I'll expect long 0.25700.Crypto currencies I don't trade as CFD's. Too much risk, mainly because they expire very soon every time. When you want to invest in crypto, I advise you to buy 'real coins' and not to speculate the chart with CFD's. I have bought XRP-Ripple, Bitcoin, Bitcoin Cash, Ethereum, ReddCoin, FeatherCoin, Adcoin (ACC), Bunny Token and looking for NEO now !
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What about my ' Cycle phenomenon' ? read here:
My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators!
The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading!
My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility!
One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try!
How do I decide to open a position or not? First I analyse:
- sentiment on the market > are people in buy mode or short mode
- I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions.
- and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly.
- and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market!
- the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions.
And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period!
Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best!
Don't forget to follow me, so you get updated when I post new ones. Also read my account and the 'status updates' to be informed.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
Longtermtrading
Reddcoin at very dangerous rate now. When breaks, short to 0.00!Crypto currencies I don't trade as CFD's. Too much risk, mainly because they expire very soon every time. When you want to invest in crypto, I advise you to buy 'real coins' and not to speculate the chart with CFD's. I have bought XRP-Ripple, Bitcoin, Bitcoin Cash, Ethereum, ReddCoin, FeatherCoin, Adcoin (ACC), Bunny Token and looking for NEO now !
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What about my ' Cycle phenomenon' ? read here:
My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators!
The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading!
My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility!
One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try!
How do I decide to open a position or not? First I analyse:
- sentiment on the market > are people in buy mode or short mode
- I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions.
- and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly.
- and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market!
- the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions.
And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period!
Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best!
Don't forget to follow me, so you get updated when I post new ones. Also read my account and the 'status updates' to be informed.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
AUDNZD potential buy SetupAUDNZD is getting rejected from W1 Support Zone by D1 bullish "Engulfing" candle. Once D1 candle closes as a Bullish "Engulfing" we may look for short opportunities on smaller TFs to minimize the risk and increase the reward.
On H1 TF we may spot that Price has already formed Left Shoulder and Head of Inverse H&Sh pattern, also Head of the Inverse H&Sh pattern completed with Double Bottom pattern.
Once Price pulls back to test the broken neckline of Double Bottom pattern, it may also form the right shoulder of Inverse H&Sh pattern. Currently waiting for the clear confirmations and if in our Major level Buy candlestick price action pattern will appear, I will enter long on this pair with Stop Loss below the Head of H&Sh pattern
There is possibility for the beginning of uptrend in DOGEBTC !!Technical analysis:
DOGECOIN/BITCOIN is in a down trend and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 35.
Trading suggestion:
*The price is in a down trend, but we forecast the uptrend would begin.
*There is possibility of temporary retracement to suggested support zone (0.000000385 to 0.000000300), if so , traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000000385)
Ending of entry zone (0.000000300)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.000000482
TP2= @ 0.000000549
TP3= @ 0.000000664
TP4= @ 0.000000757
TP5= @ 0.000000921
TP6= @ 0.000001075
TP7= Free
Bitcoin Cash AnalysisHere we are looking at the 2 hour chart for bitcoin cash, following the recent bear flag we are now looking at a possible bullish flag forming. Following the flag formation we will have a very bullish trend for bitcoin cash. Once again this is just an analysis and is not a guarantee. Please leave any comments on what you think/like this if you agree/enjoy this analysis. Thanks!
NAVBTC Bullish hidden divergenceWe detected a Bullish hidden divergence via volume and price oscillators. However market conditions are bad and risky now we recommend this coin for medium and long term.
The price will head above Fib 0.618 level then it should consolidate and will move down preparing for the next wave of growth till the upper edge of the triangle
MUEBTC double bottom is formingVolume is rising, Stoch RSI is in the oversold state. We see a possibility of Double bottom formation to be finished on the 4-hour chart. Although BTC fluctuates hard this can be a safe long-term trade, targets are mentioned on the chart
GNT/USD - Another Zone Hit - I'm Calling It a Double Bottom! Follow on to my last GNT video update and since then, price action has pulled ito the buy zone I was expecting to see price hit.
All in all for me this is a great spot to add GNT to the hold. At the same time, while not text book, I'm seeing a double bottom play out and along term... i'm calling $.70 as the first target.
I hope you enjoyed the video, if so give a like and leave me a comment.
Future of NIKKEIFor some reason my charts are having issues pulling up Volume Indicator.
Pull up charts yourself to see massive buy volume starting 2010-2012.
Do keep in mind even if US puts steel and Aluminum tariff, Asia still holds 2/3rds of worlds population and is the BIGGEST market
Though i am neutral at the moment, i am looking for Nikkei to continue its bull run return to 38,000. I am Long above 24,500.
If return to 18,000. i will be taking Long Options on it. My predictions come with a lot of research.
SmartCrypto - BTC TA LONG POSITIONAs you can see, Bitcoin has broken the downtrend line (pink) and is looking to complete the right shoulder of the inverse head and shoulders pattern. Expecting bitcoin to break out of the right shoulder after completion. In my opinion, we saw a bottom at 6,000 and in full uptrend now.
This is not investment advice for educational purposes only. SmartCrypto LLC does not take any responsibility for any trade losses or gains.
Will Support Hold Strong on The GBPUSD?We posted on the EURUSD yesterday and how we require a bounce from support.
The GBPUSD is no different and has a very similar structure to it.
We have highlighted the breakout bar that offered an initial long entry that we took with little hesitation as our edge had presented itself at the start of the year. Our bullish edge is defined as follows:
Monthly - Price trading above the high of 2017.
Weekly - Price trading above the 50SMA and 200SMA.
Daily - Price trading above the 50SMA and 200SMA.
It is imperative that whenever your edge presents itself, and risk allocation permitting, that you take the trade. It is often at this point where many traders talk themselves out of placing the trade based on fear. Trading is simply a game of skill and probabilities. An edge defines an environment where the odds are in your favour and where you have more chance of making a profit than a loss. To make profit you MUST place the trade but to minimise losses, always risk small.
Every aspect of trading up to placing the trade is very much in our control such as what we trade, how much we risk, where we place our entry and stop, what strategy we use, how we compound. The one aspect that is very much out of our control is the outcome of the trade and that is down to random statistics. That is why it is imperative that you take trades that meet your edge without hesitation but, as already mentioned, ALWAYS risk small. You just never know which instruments are going to go on to return life changing sums of profit.
In addition, if the trade starts returning a profit, DO NOT take profit but instead compound into a winning position. If it goes against you, get out for a tiny and insignificant loss.
It is a time tested formula that has been used by the all the best traders and investors since well before the dawn of the internet.
Going back to the GBPUSD, since being triggered into the trade, and just like the EURUSD, this has also been slow and sluggish. Price moved into profit almost immediately, suggesting promising signs of a linear trend presenting itself, in the days after being triggered but is now back at our entry point. This has very much been the market conditions of FX since March 2015.
Price is now at faced with multiple support levels all in close proximity to each other. We would like to see this zonal area hold strong and for a bounce back to the upside. We then want to see price clear the pivot resistance levels I have marked in and move towards the next key resistance level of 1.5000. Price also needs to clear the weekly 200SMA which is acting as immedaite resistance and has caused this recent pullback.
Price is now very much in an area of consolidation. As price still has a bullish bias to it, we favour a breakout to the upside as support levels are stronger than resistance levels in a bull trend.
For now, we must exercise the all important skill of patience and wait for price to dictate what to do next. If we continue to see further weakness, then we will look to exit my trade with a loss of no more than 2%.
Any questions or comments, do not hesitate to leave them below.
Smart Trading!
BTC/USD Battle between bulls and bears reaches its climaxLong term still in a clear downtrend with the trend line resistance now at 11200, dropping with 300 ticks every day.
Horizontal support comes in at 9450 and 4/1 fan from GannFan. Lots of negative tech comments out there though support still not broken.
Once broken (9450) it needs to accelerate from their to comfort the bears this is followed by significant volume, which would confirm the market is capitulating.
It could fall back all the way to 6350, the (red) 8/1 fan.
However, a failure of breaking 9450 would cause a squeeze higher. Knowing the downtrending resistance line is not far away (11200 today 24/2) this could quickly backfire bears.
For now bears are in control, but they need to finish it off at 9450 with volume. Good luck!
Cardano, ADA/BTC Ready for Its Bull Run?Cardano has been in a downtrend since the beginning of January. It has retraced more than 60% compared to BTC. Daily RSI is oversold (25) with MACD in the lowest territory since.
The trend is clearly downward for ADA/BTC, but are there any signs of a reversal to be found? Well, let's see...
Currently, Cardano has reached the daily support level at around 0.00003200 (Binance). Although MACD is at the lowest level, the MACD histogram is moving up slightly.
Looking at the USD chart on CoinMarketCap.com for Cardano over the last month, you'll see that since February Cardano is in a tight range, especially the last 2 weeks or so while the volume has decreased considerably in the same period. Tight range and (long) period of low volume usually means the price is ready for a move, either up or down. Btw, I've tried to add the chart/image to the post but tradingview won't let me so if you want, check it on coinmarketcap to see it with your own eyes.
So the only thing Cardano needs is some news or hype to move the volume and price up again. A roadmap update is expected in the near future so this might be the sparkle that could light up the fire in Cardano so it starts moving up again.
Trade instructions if you want to trade ADA/BTC for the mid-long (weeks-months) term:
Buy Area:
0.00002850 - 3200
Profit Targets:
You can use the Fib. Extension levels to take profits:
1. 0.00005128
2. 0.00006347
3. 0.00007310
4. 0.00008273
Stop loss:
0.00002450
Note: Since this is a mid-long term trade, you can use the stop loss target to rebuy instead of stopping out if you believe in Cardano for the long term.
Please like and share if you found this informative and helpful. Leave a comment if you have any questions.
And as always, good luck trading!
Price Action Lesson 4: Weak hammerWeak hammer:
For having successful and steady transactions, Simple detection of market patterns is not enough. But with a deeper look, we should calculate the success possibility of each pattern. One of the determining power Parameters of hammer stick is about Descending or ascending that the body can be. Thus, if the body of hammer is ascending, Possibility of starting an ascendant wave is very high.
The opening price of the day, is very important. This price - is the previous day's closing price, in fact it is the price that they had a war at in previous day where buyers and sellers come to equilibrium. So on the day that the Hammer is forming. If buyers can raise prices to the point of closing price of yesterday, and by the end of the day, they keep the price at the top of it, they will be the winners of the war. If we can raise the price above yesterday's closing price, they are not conclusive winners of today’s war, and this war will continue for the next few days.
Thus, if the body of hammer is ascending, Possibility of the beginning Ascending wave is very high. But if the body of hammer is Descending, Possibility of the beginning Ascending wave is less. In this case, it is said a weak hammer has made.
- The picture shows a hammer candlestick with descending body.
. As what can be seen, candle’s height is tall, but it has very short body height. Also Lower Shadow is long, and the upper shadow is very short.
. As regards the Closing Price of market is under its Opening Price, therefore the body of this hammer is Descending, and the power is very low. Possibility of the beginning ascending wave is less.
Price Action Lesson 3: Hammer, The first sign of beginning ...Hammer, The first sign of the beginning Ascending wave:
Hammer shows that the war between buyers and sellers, at the beginning of the day sellers could create significant reduction in price, with their high investments. But when the price had come to the lowest extent of it, many of buyers have entered with more investments than sellers. And again they could increase the price close to what it was at the beginning of the day or may even more. And at the war that was between buyers and sellers, the buyers have been the winners of the day, and the market is largely in control of them. Thus, the possibility of further price increases in the coming days is enormous.
example: picture Shows, currency pair of EUR/USD -0.31% in a 30 minutes time frame.
At the beginning, by increasing investments of sellers, the price became to 1.16886 But in this range with the arrival of large buyers to the market and overcome to turnover of shopping on sales transactions, the price increased again. Sellers could increase the selling price due to the amount of demand from buyers. The starting price is may be at 1.17495 but it increased by the end of the day to 1.17578.
As what can be seen, after forming Hammer , an Ascending wave started and the Price have increased more.
Price Action Lesson 2: Conditions of a Perfect Hammer Conditions of a Perfect Hammer:
. Body height must be short.
. The total height of the candle must be taller than the Daily ATR-264. The taller the candle is, the stronger the Hammer is.
. The lower shadow’s length should be very tall. It is better to be over 75 percent of the Daily ATR-264.
. The upper shadow does not exist, or if it does, it is very small. It shouldn't be more than 25 percent of the Daily ATR-264.
. The hammer that has an ascending body is stronger than the one which has a descending body.
Hammer Candlestick Pattern DefinitionHammer Candle Stick Definition
If there was a large drop in price in the middle of the day, but before the day ended it increased to what it was at the beginning of the day and even more, a significant upward return occurred. The candlestick of this change (move) will be a Hammer in a daily time frame. A Hammer formation on the daily time frame is a very strong indication for probability of increasing price in next days.
Example: The picture shows currency pair of EUR/USD in a 30 minute time frame. On Ausust 09, 2017 the price significantly decreased from 1.17495 to 1.16886 or even lower. But after that, it increased rapidly at the end of the day to 1.17578 and then closed.
Also in this picture - for better understanding - the Hammer Candlestick in the daily time frame - in the result of changes in a day - is drawn.