Moving Averages
The #1 Reason I Was Wrong About AUDJPY Or CHFJPY...AGAIN!!I was wrong about the FX_IDC:AUDJPY
again..because
I was trying to find the right
forex trading system
to not only make money but also
manage my personal stress
-
Listen as of now am using a FREE account
on Tradingview
So most of these trades will
be long-term
trading options.
Until I am able to get a
paid subscription
on trading view.
-
Long-term term trades are
very good for
beginners
because it slows down
the fast pace trading
-
And allows you to learn
more if you
are using proper risk
management
-
This forex trade FX_IDC:CHFJPY sadly
is a 7-month move
at best 3 months.
-
Maybe later on when I upgrade to
trading view essential I might be
able to really develop
a trading system for day trades.
-
Honestly, day trading does have a cost to it
There is no way around it
you have to pay to play in
day trading.
-
Including mid-term trades such
as 3-month holds
or 1 month holds.
This buy signal is a 7-month hold.
This means you have to calculate your risk
management strategy well.
These past few days I have been battling
With my trading systems because
I really wanted to design a
day trading system
But all I can manage right now
are long-term trades.
My hope is that you will continue
to follow and learn from these
long term trades
Now will this reduce my
popularity sadly yes.
But with my long term
trading signals, I think
I will be able to attract the
right type of people
Who have an investing mindset
also its safer to trade
long-term {7 months]
than short-term gains.
So don't feel discouraged if you
are looking for short-term gains.
If that's you then this
recommendation
and my other recommendations
will never suit you
because all my trades
will be now
focussed on me finding the best
Long-term trades.
Using the rocket booster strategy
which has the following 3 steps:
#1-The price should be above the 50 EMA
#2-The price should be above the 200 EMA
#3-The price should be in an uptrend
This is a strategy of trading
and I hope it will
serve you well.
Remember if you
want to learn more
rocket boost this content
Disclaimer: Trading is risky you
will lose money whether you like it or not
please learn risk management
and profit-taking strategies.
:
Potential Breakout in Palo Alto NetworksPalo Alto Networks has been rangebound most of the year, but now the cybersecurity firm could be breaking out.
The first pattern on today’s chart is the series of lower highs since August 20. PANW pushed against that trendline last week and broke it on Tuesday.
Second, the 50-day simple moving average (SMA) is above the 100-day SMA. Both are above the 200-day SMA. That kind of sequence, with faster averages above slower averages, may reflect a longer-term uptrend.
Next, higher quarterly lows are also potentially consistent with a longer-term uptrend.
Finally, Bollinger Band Width shows narrowing volatility. Will that tight range of motion give way to faster movement?
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NZD/USD tests 200DMA as RBNZ joins the jumbo rate cut clubNZD/USD is testing the 200-day moving average in the wake of the RBNZ rate decision, a level that one glance tells you is important from a directional risk perspective. Momentum indicators continue to generate bearish signals, but I'm letting the price action tell me what to do near-term.
If the 200-day moving average holds you could initiate longs with a stop beneath for protection against reversal. Above, .6110 previously acted as support, meaning the downside break may see it revert to resistance. .6160 may also see some selling, coinciding with the intersection of horizonal resistance at .6157 with the 50-day moving average.
If the price were to break above the downtrend running from the recent highs, it may open the door for a bullish reversal to .6210 or even .6254, the intersection of uptrend and horizontal resistance.
Alternatively, if the 200DMA gives way, you could sell the break with a tight stop above it or .6110 for protection. A close below the 200 would add to conviction of the trade .6084 is the first downside level of note, but to make the short stack up from a risk-reward perspective, it really requires a trade target of .6049 or .5985.
Ford Motor Could Be Skidding LowerFord Motor fell sharply over the summer, and now traders may think it will keep skidding lower.
The first pattern on today’s chart is the bearish gap on July 25 after earnings and revenue missed estimates. That potentially reflects concerns about its growth and profitability.
Next, F's 50-day simple moving average (SMA) had a “death cross” below the 200-day SMA the following month. That may suggest its longer-term trend has turned bearish.
Third is the pair of monthly highs around $11.28 in August and September. The resulting double top, below the pre-earnings lows, may suggest new resistance has developed below old support.
Next, the series of lower highs in the last three weeks has created a potential bearish descending triangle for the automaker.
Finally, the 8-day exponential moving average (EMA) is below the 21-day EMA and prices are below the 50-day SMA. Those patterns may reflect bearishness in the short and intermediate terms.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
im still bullishlast daily deviated from my trendline. to me that could be a swing fail and a shakeout to shake weak hands.
reasons to consider: there is CPI data today and on 10/10 theres the tesla robot event a big fail could prove to be a priced in scenerio and the start of the nuke today with the following nuke tomorrow.
for me i am a big believer of tesla so im bullish for me i may have another buy oprotunity on the vola vola today.
as for the pattern in question we have a 48% on the cup depth 32% on the handle depth 44% on the parallel channel that is still part of the handle.. make of it what you will.
i dont believe tesla will break out before the 10/10 but will swingfail the down level even (especially) on bullish cpi data (if anyone knows how hedge funds like to operate).
there are bad lows at our current level and at 226 (which is also previous resistance)
a sweep would be an amazing bullish retest that may or may not fail but the oprotunity is there and it all depends on how aggressive you'd like to trade or invest.
Trendlines are current value ranges
The upper teal drawings are potential double top that has formed and if we reject a potential double bottom (rsi will print an rsi div on 30 mins and may potentially swing up to the upper part of the channel causing an overbought on 4hours and daily)
Vwap will confluence with the 100 daily ema that could potentially be a good entry but there's also the potential of the 150 and 200 bullish retest even though in my opinion that would ruin the cup and handle entirely although the liquidity idea would stay the same i'd be sad to see the pattern go.
if we dont swing fail the bullish retest i will look to swing fail the lower trendline for another liquidity pool grab which is also the yearly value area poc.
if all fails and we go bearish on tesla i will trade the consolation prize from valow to vahigh (a lower high and on the higher timeframe and a full rotation play)
the bullish idea is if tesla preforms and the vah turns into the new poc/val and said new value range would be between current to 400-500
i hope i made enough sense and that my ideas are interesting for you. good luck to everyone.
Randomly entered the MSI upwards trendA few days ago, I entered a long position in $MSI. The sideways correction that lasted most of September seems to have been broken. The upward impulse was followed by a correction over the last few trading days, making it appear to be a good position to enter the trade.
The bullish trend has been ongoing for several months, with the SMAs beautifully aligned. I expect bullish action in October, before some instability may arise in the market with the upcoming earnings report for NYSE:MSI , the presidential election, and the FED announcement.
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Bitcoin breaking 64k!!! Next 68???Hey guys!
Friday scenario didn't worked and we continue growing. Here are some thoughts about next movements.
Bullish: We're now moving in a raising channel and the MA have a bullish cross.
Bearish: The RSI is closing to the overbought point and there is the volume divergence.
Additional: We are between two important resistance and support levels.
So my thoughts here, that If buying momentum continues to fade, given the volume divergence and high RSI, a short-term pullback could occur, potentially taking Bitcoin towards the $62,000 support level. Should this support hold, it may provide a bounce opportunity for bulls to regain momentum.
On the other hand, if Bitcoin manages a successful break above the $64,000 resistance, it could pave the way for a move towards the higher resistance levels between $66,000 and $68,000, marking a continued bullish trend.
What u think?
The Alt token market (TOTAL 3)This is one of those charts that does not need a huge amount of explanation. It is a 5 day chart comparing October 2020 (prior to the bull run that followed over the next 6 months). There are many fractals with that time and the present day.
1) Notice the life cross? Green arrows.
2) Notice the 5-day/200.sma resistance before the breakout? Red arrows?
3) Following the breakout price action in October 2020 the candle body closes were exactly 22% above the life cross and never closed lower just as it is today.
4) This idea is a continuation of the “Total 3 market capital to 10x” idea (below) that was published in July 2023. The bull flag informs us there remains another 500-600% return. Some still think is this a bear market. What gives?
5) Just as it was written in the first idea, “It is not my expectation for legacy tokens to participate in this bull market”. Hear this raw. LTC, DASH, MATIC, XRP, you name it, the big legacy market capital tokens are not participating in this bull market. Receive many messages explaining with this point of view is “wrong” despite the lacklustre price action. Remember, emotions are a Maccy D’s recruitment tool, I mean emotions are a money killer.
6) There’s a whole bunch of other fractal info shared elsewhere but the overall picture is well presented here. The next 6 months will transfer wealth for those with a plan.
Ww
Total 3 market capital to 10x
ANGELONE NSE FLAG & POLE WTF/MTF 45W Bull Run/ PositionalANGELONE Analysis Price Action/FIBO
TRADE PLAN
ENTRY -2750 25%Qty, 2850 50%+ Qty Add Progressively
SL -2500 Weekly Low Close Price
TARGET --01-3200 , TGT02-3450 TGT3-5200 (F&P height above the flag BO)
Hold For a 2Years or TGT 2/3
Chart Pattern :
STOCK has recently done a 10Month Bullish Impulse and Retraced to 61% Forming a FLAG & POLE, Bouncing above the 50% FIBO /R level and consolidating in a range, WYCKOFF Accumulation. Strong Support at 2380 Lvl.
INDICATORS EMA :
The Price is Currently Trading below 200EMA, and 20EM crossed above 50 & 200 EMA in DTF.
50EMA is in a Upturn and close to crossing the 200EMA.
FIBO E :
After the Bounce-back from 61% FIBO Retracement Level, Price is currently holding above 50% FIBO/R level and trading near the 38.6% FIBO Retracement level on DTF. Early Impulse uptrend with ChoCH at 2700 on DTF
Volumes: Volumes are trading above the 20VMA in WTF..
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk apetite (Exit when price closes 7to8% below your Entry).
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
20VMA -20Volume Moving Average
SWING/POSITIONAL Trade
Gold roll over?It looks like Gold is about to roll over and correct after a huge run to the upside. I am still bullish about the long term of gold. We might see much higher prices, but for now I think cold might cool of because many investors seek for riskier assets such as tech. Central Banks are starting to print money again and give the market money infusions. We saw what happend since china decided to start the printer again.
Energy stocks poised for fresh ATHEnergy stocks (XLE) have been in a clear ascending triangle for some months now on the weekly chart. There was a false breakout not too long back, but the pattern held up after breaking down and price is again pushing up against resistance at the top of the triangle.
Having recently posted a massive green candle with the angst in the Middle East, coming weeks and months could bear witness to fresh all time highs.