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Trendisyourfriend

USDJPY - Market is in an UPTREND - Buying the supportHi Traders! The market is in an uptrend. As you can see, the market has formed a trendline (purple) in the higher timeframes. It consists of the higher lows the market made and it shows that the market is very bullish. Some weeks before, the market was not able to break the resistance. But finally it got momentum and broke out successfully. After that it performed a higher high. Now the market falled back and is now retesting the resistance - now its a support - from above. Because of the fact, that the market is in an uptrend and on a support simultaneously, it has more chances to move further up. We recommend to buy the market in accord with the trend! Thanks and good luck :)!
Long
by swissmoneymakers
Short oportunity on EURUSD!EURUSD HAVE CLOSED BELOW THE 2 WEEK UPWARD SUPPORT! NOW WE ARE LOOKING FOR IT TO BREAK THE HORIZONTAL SUPPORT ( BLUE LINE) before considering entering short if the break holds and does not retrace ( false breakout!) The trend is your friend and even tho the last 2 week have had upward momentum the overall bias on the daily chart is downward. Knowing this we would like the EurUsd to go back to its prior resistance of 1.092. RISK reward of this trade will be 3.6 or so! Remember; the trend is your friend! Stay safe and enjoy!
Short
by SondreNordvoll
2
AUDJPY SHORT OPORTUNITY! AUDJPY have now reached support of a 2 week uptrend! However the overall trend is downward on the daily timeframe and the pair has formed a double top formation close to the overall resistance level! We will now look for short opornunities if the pair breaks through the 2 week support and rejects upward momentum! We will look to enter at 74.020 with the tp of last week low of 73.0. SL will be placed 50 pips above entry point at the current head of the double top at 74.50. Risk Reward 2:1 Entry: 74.020 SL: 74.5 ( 48 PIPS) TP: 73.0 (102 PIPS) What do you all think! :D
Short
by SondreNordvoll
BTC LONG - different point of view using only RSIHello everyone. I believe this is a bit different point of view on our mystery Bitcoin situation. I have been playing with RSI. Trendlines, 50 level, divergences etc... combined all together and found some interesting results. As per chart, there is always a wave up after price being under 50 RSI while actually touching 50 RSI... There are two important horizontal levels of RSI & Price ( Red full and Red with space ) Green circles means that price react at correct RSI 50 level. On the other hand, there are levels on RSI 50 where price action react lower, on the partly red horizontal line.. By the logic, it means that people are buying for lower price than they should, so we can expect PRICE grow higher. After move up there is always retracement, which happened with RSI crossing blue RSI trendline from above. Also , there are two Bullish divergences. This Pattern played out two times since our HIGH in July…There is a probability of repeating itself. As a target, I have used Resistance trendline, conecting our last tow TOPs Sorry for my language and way of explaining… The chart is a mess :D Iam beginner learning the terminology. Not a financial advise. Its for my own educational purposes only. I would really appreciate any feedback. Wish we can go together to the Moon and than to the Mars! :D Greetings from Bali - Indonesia Matt
BITMEX:BTCUSD.PLong
by Matyas44
2
GBPCHF 3-to-1 Reward Swing Trade With the TrendHi friends, another @FollowMyForex trend trade just triggered on the GBPCHF, following solid momentum with the current uptrend. This trade carries a 3-to-1 reward to risk ratio. We keep talking about these amazing risk/reward ratios but it really cannot be overstated. Trend trading has so much going for it, this being one of our favorites. Currently entered long, will take of 50% at the first target and let the rest of the position ride out the momentum. Updates to follow, trade safe!
Long
by FollowMyForex
For every action, there is an equal and opposite reaction?So, I don't know if Newton's 3rd Law applies to trading, but maybe it does. I do know that I probably used the pitchforks wrong according to whatever rules you "PRO" traders follow, but using things wrong doesn't really mean shit if the end result is right. Not saying I'm right in this case, but shit happens. Let's see if shit happens... Downtrend fork has a 2.618 extension added to it because why not? It happens to be where price stopped going down and started going up. Makes sense? Probably not. It's crypto, it doesn't have to make sense. All you need is a little FOMO... I haven't really looked at COINBASE:ETHUSD charts since my last call, which shockingly worked out really well. (see below) That being said, this chart may not have the same lovely results but I haven't posted a chart in a while and I was bored, so here you go... ============================================================================================= Disclaimer: I do not guarantee anything in this chart because honestly, this is just a random idea pulled outta my ass (where most good ideas come from). The price could easily ignore my chart completely just to confirm my stupidity. I am a noob trader, I accept this. You should too. To repeat, I am not a professional trader (I don't even play one on TV). I do get quite lucky sometimes, maybe this is one of those times. I will gladly accept any criticism, comments, or critiques. I'm still trying to learn. Be nice. Be mean. I don't care, just be something.
COINBASE:ETHUSD
by arvo
2
Work on trend: technical analysis of the GBPUSD pairToday the GBPUSD pair gives excellent shots to make money in trend. You can buy from the current, that is, around 1,3100. As for profits, since the work is in trend, it is necessary to keep buying until the appearance of reversal signals. But partial fixation can be carried out at about 1.3250. Since the recommendation is intraday, the “Ranger” indicator can be used to set stops. The first line of stops can be placed below 1.30. With a probability of about 70%, the price today should not reach this mark. Let’s clarify this position. The best option of trading, in our view, is work on trend. In order to evaluate current price movements in terms of availability of trend there, its direction and force, our specialists developed a set of unique incomparable indicators. You can find its description below. Today we will talk about GBPUSD pair. We simultaneously have a number of signals on the presence of a downtrend in the pair dynamics, which, moreover, is in excellent shape. The TDI script signals the predominance of the upward trend (the line is colored blue), whereas is in the blue zone, which indicates that the trend is in progress. The MSI indicator, which observes market sentiment, is also on the buying side. The histogram is colored blue, that is, buying sentiments are dominant. In so doing the extreme zones are still far away, that is, the growth capability has not been exhausted. The Kenji script, which is based on an upgraded analysis of the averages, sends a clear signal about the supremacy of the upward flow, and the area between the averages, shaded in blue, indicates that the upward trend is active and relevant. Reaching this zone by current prices is an excellent reason to think about buying a pair here and now. The ARDI script is colored green, which indicates that the price has moved up quite a bit from its fair value.That is, there are no contraindications for purchases. Thus, we have another confirmation of the feasibility of buying. Let’s give some clarification on the set of technical indicators. The current set composed entirely of incomparable scripts of technical analysis, which you will not find anywhere else. Each of them has absorbed the long-standing actual trading experience and is an attempt, using the best technical analysis methods that exist today, to take into consideration and avoid their basic deficiencies. What finally allows to get better signals at the output and thus increase the trading efficiency. «Kenji» Script Indicator «Kenji» is a brand new look on the average analysis. The main problem of most of the trading strategies and indicators based on average analysis is a number of false signals in case of flat (for example frequent crossing of the averages, frequent changes of the average direction etc). As the result, average analysis can’t show its real power and efficiency. Indicator «Kenji» using a unique algorithm allows avoiding the most common traps of the average analysis and significantly increasing the quality of the signals by determining the current market situation (using color indication "Kenji" shows in which state the market is now: red color - downtrend, blue one - uptrend, green - flat). It generates signals for the comfort trading in local trend. The indicator provides information both on the timing of the position entry and timing on profit fixation. Also, it helps to determine the level of aggressiveness of the concrete signal. This makes «Kenji» indicator a very useful tool for amateur and experienced traders. A full description of the indicator is available at the following link: «TDI» Script Each trend can be divided into several phases: the start of the trend, active development, consolidation phase, end of the trend. Obviously, the most interesting phases for trading in trend are the start and active development of the trend. At these phases risk of unsuccessful trading in trend direction is minimal, but profit opportunities, on the contrary, are maximal. Nevertheless, technically it is hard to detect the start of the trend with a big probability of mistake. In this regard, the most promising is the identification and work in the phase of active development of the trend. The “TDI” indicator is intended for identification of the active phases of a trend. Using a unique incomparable algorithm, it allows you to determine points in price dynamics, that are most favorable for working in a trend. A full description of the indicator is available at the following link: «ARDI» Script «ARDI» Script - it is a new look at the concept of oscillators. It is used to detect moments of divergence between current prices and fair (theoretical) value of the asset. Significant divergences signal about price entering into overbought/oversold zones. This is a base to open positions which are contrary to the current movement. Coloring the indicator line in blue - this is a signal about the presence of significant divergences between current and theoretical prices. (the equivalent of the oversold zone). Coloring the indicator line in red - this is a signal that the current price went down a lot relative to its theoretical price (the equivalent of the overbought zone). A full description of the indicator is available at the following link: «MSI» Script Indicator “MSI” is used to detect dominating market sentiments: bullish (blue color of a histogram), bearish (red color of a histogram) or neutral (green color of a histogram). Besides, it can be used as well for searching the points of market current sentiments changes. A full description of the indicator is available at the following link: «Ranger» Script «Ranger» Indicator allows, based on statistical analysis of data, to calculate the range of fluctuations of the current day with a predetermined probability. The uniqueness of the Ranger is that it makes it possible at the very beginning of the day to determine the maximum and minimum of this day (with a predetermined probability). What does this information give to the trader? Actually, a lot. First of all, trading signals. For example, if during a day the price approaches the upper (lower) mark, it can be concluded that it will not go higher (lower) prescribed mark today with an already known probability. So, you can open a position opposite to the current movement, knowing in advance that it will be profitable with a certain probability. A full description of the indicator is available at the following link:
Long
by Trade24Fx
Bitcoin: All roads lead to $2500Since the end of November BTC has been trapped inside a equilateral triangle - a hugely significant one, since it is formed along the falling wedge which has been a powerful factor in BTC since March 2018. We are currently 8 weeks (or 73%) into a maximum of 11 weeks before the equilateral triangle converges. Since breakouts most often occur 75-80% into triangles, a huge move up or down is likely imminent. Consider: We have been in an undeniable bear market for over 12 months, and have never seen a higher high throughout that time. Seeing another lower low is therefore FAR more likely. The next level of support is $2500, dating back to June/July 2017. Below that, $1910 from the same period. The already slim chance of the SolidX/VanEck ETF being approved on Feb 27th is almost zero with the current US government shutdown. I suspect we will use the current daily momentum to move up to $4000 in the coming days, before descending back down as normal, before breaking out of the triangle to the next support level at $2500. If the bears are fully in control, we might not even make it to $4000 and head directly to $2500. Should we (miraculously) make a higher high for the first time in a year, we will be met with huge resistance at the following price points: $5000 (the top of the falling wedge) $5500 (previous support, now resistance) $6000 (previous HUGE support, now HUGE resistance) We will then fall under bear pressure at numerous resistance areas (never going over $6000) until eventually coming down to $2500 regardless. The ETF rejection will only hasten such a drop, probably in the days leading up rather than actually on Feb 27th, since those in the know always seem to take advantage of such knowledge. Do you agree? Where do you believe BTC will breakout to? I'm curious to know your thoughts too! Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
BITSTAMP:BTCUSDShort
by BCryptological
1