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propinstitutional · 9 months ago

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Leveraging Fibonacci Retracement Levels for Precision Entries and Exits in Forex Prop Trading with Industry Experts at Institutional Prop

Forex proprietary trading, or prop trading, involves trading currencies with the firm's capital rather than personal funds. Successful prop traders employ various technical analysis tools to enhance trading accuracy and profitability. Among these tools, Fibonacci retracement levels stand out for their ability to identify potential support and resistance zones based on key Fibonacci ratios. Understanding how to effectively use Fibonacci retracements can significantly improve precision in entry and exit points, thereby optimizing trading strategies and maximizing returns in the dynamic forex market.

Fibonacci Retracement Levels

Fibonacci retracement levels are based on the mathematical ratios identified by the Italian mathematician Leonardo Fibonacci. These ratios (typically 23.6%, 38.2%, 50%, 61.8%, and 78.6%) are derived from sequences found in natural phenomena and have proven effective in identifying price levels where retracements or reversals may occur within a trend. In forex trading, Fibonacci retracements help traders anticipate potential support levels during uptrends or resistance levels during downtrends, enabling strategic entry and exit points.

Traders initiate Fibonacci retracement analysis by identifying a recent significant price movement, either up (swing high to swing low) or down (swing low to swing high). The retracement levels are then plotted on the chart, providing visual guides that assist experienced forex trading experts at Institutional Prop in identifying areas where price corrections are likely to encounter support or resistance before continuing in the direction of the prevailing trend.

Using Fibonacci Retracement for Entry Points

One of the primary uses of Fibonacci retracement levels in forex prop trading is to identify optimal entry points. Traders look for confluence between Fibonacci levels and other technical indicators, such as moving averages, trendlines, or candlestick patterns, to confirm potential entry opportunities. For example, a trader may observe that a currency pair has retraced to the 50% Fibonacci level, coinciding with a key support level identified by previous price action. This alignment suggests a strong potential for a bounce or reversal, prompting the trader to consider entering a long position with a favorable risk-to-reward ratio.

By integrating Fibonacci retracement with other technical analysis tools, forex trading experts at Institutional Prop enhance the probability of successful trades by pinpointing entry points where market sentiment and price action converge. This disciplined approach to entry ensures that trades are executed based on logical, objective criteria rather than emotional impulses, fostering consistency and reliability in trading performance.

Precision Exits Using Fibonacci Retracement

In addition to entry points, Fibonacci retracement levels play a crucial role in determining optimal exit strategies for forex prop traders. Industry experts at Institutional Prop utilize Fibonacci extensions or additional retracement levels beyond the initial Fibonacci sequence to set profit-taking targets or trailing stop-loss orders. For instance, a trader who entered a long position based on a bounce from the 38.2% Fibonacci retracement level may set a profit target near the 161.8% Fibonacci extension level, anticipating significant price extension in the direction of the trend.

By aligning exit strategies with Fibonacci retracement levels, traders establish clear objectives for profit-taking and risk management, thereby maximizing potential gains while mitigating losses. This systematic approach ensures that trades are managed effectively throughout the duration of the trade, adhering to predefined trading plans and optimizing overall portfolio performance.

Practical Applications and Case Studies

Real-world applications of Fibonacci retracement in forex prop trading illustrate its effectiveness in enhancing trading decisions. Case studies often highlight scenarios where traders successfully identify reversal points or continuation patterns using Fibonacci levels, validating the reliability of this technical analysis tool in various market conditions. For example, during a strong uptrend in a major currency pair, a trader may use Fibonacci retracement to identify key support levels that coincide with historical price patterns, reinforcing confidence in holding a long position for extended gains.

Through practical applications and case studies, experienced forex trading experts at Institutional Prop gain insights into the versatility and applicability of Fibonacci retracement levels across different currency pairs and timeframes. These examples underscore the importance of incorporating Fibonacci analysis into comprehensive trading strategies to achieve consistent profitability and manage risk effectively in forex prop trading.

Challenges and Considerations

While Fibonacci retracement levels offer valuable insights into market behavior, traders must consider potential challenges and limitations when applying this tool. One challenge is the subjective nature of identifying swing highs and lows, which can vary among traders and impact the accuracy of Fibonacci level placements. Moreover, market volatility and sudden price movements may invalidate Fibonacci retracement levels, requiring traders to adapt and reassess their analysis in real-time.

Another consideration is the potential for over-reliance on Fibonacci retracement without supplementary analysis or confirmation from other technical indicators. Successful prop traders emphasize the importance of combining Fibonacci retracement with complementary tools such as trend analysis, volume indicators, and economic news events to validate trading signals and enhance decision-making accuracy.

Future Trends and Integration with AI

Looking ahead, the future of Fibonacci retracement in forex prop trading is poised for further advancements with the integration of artificial intelligence (AI) and machine learning algorithms. AI-powered trading platforms can analyze vast amounts of historical data to identify optimal Fibonacci levels dynamically, adapting to changing market conditions and improving predictive accuracy. This integration enables forex trading experts at Institutional Prop to leverage advanced analytics and predictive models to refine trading strategies, optimize risk management, and capitalize on emerging opportunities in the forex market.

As AI continues to evolve, prop trading firms and individual traders alike will benefit from enhanced automation, data-driven insights, and algorithmic trading strategies that incorporate Fibonacci retracement seamlessly.

Leveraging Fibonacci retracement levels for precision entries and exits represents a cornerstone of effective forex prop trading strategies. By understanding how Fibonacci retracement works, utilizing it for strategic entry and exit points, exploring practical applications through case studies, addressing challenges, and embracing future trends with AI integration, traders can enhance their trading proficiency and profitability in the competitive forex market. With disciplined application and continuous refinement of Fibonacci analysis techniques, prop traders position themselves for success by optimizing trading decisions, managing risk effectively, and achieving sustainable growth over time.

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stockmarketanalysis · 1 year ago

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Mastering Trend Channels: The Trader’s Blueprint to Navigating Market Waves

📈 What Exactly Are Trend Channels and Why Do Smart Traders Swear by Them?

Trend channels are the backbone of price action trading. Think of them as a trader’s visual map—guiding entry, exit, and risk management decisions. A trend channel consists of two parallel lines that confine price movement. The upper boundary acts as resistance, the lower as support.

💬 John J. Murphy, author of Technical Analysis of the Financial Markets, emphasizes channels as a cornerstone of trend identification.

In the Indian stock market, trend channels helped traders ride massive moves in Reliance Industries between 2020–2022, where prices bounced cleanly within an ascending channel before a breakout above ₹2700.

🔍 Building the Skeleton: What Forms a Trend Channel?

At its core, a trend channel is drawn by connecting swing highs and swing lows with parallel lines. These can be:

🔹 Ascending channels – bullish markets 🔹 Descending channels – bearish environments 🔹 Horizontal channels – ranging or sideways trends

Platforms like Strike Money, TradingView allow traders to effortlessly draw these channels. On Nifty 50, a descending channel between October–December 2023 guided several short opportunities before the market reversed.

🚀 Types of Trend Channels You Need to Master Now

💥 Ascending Channels – These slope upward. They often appear during bull runs. A great example? Tata Motors (2021–2022), where traders who rode the lower band support saw gains as it touched ₹520 from ₹300.

💥 Descending Channels – Common in bear phases. Zomato Ltd in mid-2022 presented a textbook descending channel before it broke out around ₹65, offering a reversal signal.

💥 Horizontal Channels – Sideways markets can be frustrating but profitable. HDFC Bank traded in a horizontal channel between ₹1400–₹1500 for several months in 2023, ideal for range-based trades.

🛠️ Drawing Trend Channels: The Right Way Using Strike Money

Many traders fail because they draw channels emotionally, not logically. Here’s the pro way:

✨ Use Strike Money to spot significant swing points ✨ Connect at least two highs and two lows ✨ Extend the lines forward ✨ Ensure the channel’s midpoint often aligns with price pivots

Pro Tip: Use Fibonacci retracement in conjunction with channel bounds. A common confluence on Nifty IT was a 38.2% retracement lining up with the lower channel line in March 2023—signaling a solid long entry.

💡 High-Conviction Channel Trading Strategies That Actually Work

📌 Buy at Lower Channel Support, Sell at Upper Resistance 💥 Example: ICICI Bank moved in a clean upward channel from ₹700 to ₹920 in early 2024. Traders who bought near the lower band and exited near the top made consistent returns.

📌 Breakout Strategy 💥 Infosys broke out of a long-term descending channel in January 2023 at ₹1350, rallying swiftly to ₹1600—validating a breakout strategy.

📌 Channel + RSI Divergence 💥 RSI confirming a bullish divergence at channel support is golden. In Maruti Suzuki (2023), RSI diverged upward while price touched the lower channel. Outcome? A sharp reversal.

⚠️ Breakouts, Fakeouts, and What Institutions Know That You Don’t

Breakouts aren’t always what they seem.

💣 In 2022, Adani Enterprises appeared to break below a horizontal channel at ₹1450. Panic selling followed—but within days, it bounced back inside the range, trapping bears. That’s a false breakout.

🔍 Institutions often use volume spikes to differentiate real vs. fake breakouts. No volume = likely trap.

🧠 Dow Theory suggests that price must confirm with volume. So when Infosys broke above its long-term descending channel in January 2023, the accompanying volume validated it.

🧰 Charting Tools and Resources to Master Channel Trading

Want an edge?

✨ Strike Money – Seamless channel drawing and backtesting ✨ TradingView – Great for community-shared channel ideas ✨ Investopedia – For conceptual clarity ✨ CMT Association – Get certified and go pro

💼 CME Group also provides insightful derivatives data, enhancing trend confirmation for professional traders.

🧠 How Hedge Funds and Big Money Use Trend Channels Differently

Institutions don’t just draw lines. They combine trend channels with:

🔍 Order flow analysis 🧩 Algorithmic signals 📊 Correlation to macro data

📘 A 2021 CFA Institute study revealed that proprietary trading desks at major funds incorporate price channeling with machine learning algorithms for predictive modeling.

🔥 Hedge funds in India use channel-based pairs trading strategies in Bank Nifty vs. Nifty Futures, exploiting correlation channels over time.

🤯 The Top Mistakes Traders Make with Trend Channels (And How to Dodge Them)

❌ Drawing channels on minor timeframes – Leads to noise ❌ Ignoring volume or confirmations – Misses false breakouts ❌ Forcing a channel to fit the price – Confirmation bias ❌ Skipping the midpoint analysis – Misses structure insights

🔥 In 2023, many traders forced an ascending channel on Yes Bank, only to get trapped in a breakdown. Avoid drawing with hope—draw with precision.

🔮 Are Trend Channels Still Relevant in 2025 and Beyond?

With the rise of AI in trading and algorithmic strategies, some argue traditional charting is obsolete. But data says otherwise.

📊 Strike Money’s Q1 2025 research shows that channels still provide a 63% win-rate when used with confirmation tools like RSI and volume.

As market sentiment becomes more data-driven, visual patterns like trend channels remain psychologically anchored. Markets change, but human behavior—fear and greed—remains constant.

✅ Final Word: Trade with Clarity, Not Noise

Trend channels aren’t magic. But when understood deeply, used wisely, and confirmed smartly, they give traders a clear edge in uncertain markets. Whether you’re trading Reliance, Nifty, or ITC, remember this:

🔗 The market always leaves clues. Channels help you connect them.

Looking to sharpen your charting edge? Start drawing smarter with Strike Money and see the market like a pro.

Want me to turn this into a downloadable PDF or lead magnet?

#finance #investing stocks #stock trading #stock #stock market

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p5ravin · 1 year ago

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Crypto Analyst Predicts $72K Resistance: Anticipating a Short Squeeze?

A recent prediction by a crypto analyst suggesting a $72,000 resistance level for Bitcoin has sparked speculation about the potential for a short squeeze in the cryptocurrency market. As traders brace for heightened volatility, the prospect of a short squeeze looms large, adding intrigue to the unfolding narrative of Bitcoin's price action. Let's delve into the implications of this prediction and the dynamics driving the possibility of a short squeeze.

The $72K Resistance Prediction

The forecast of a $72,000 resistance level for Bitcoin, made by a prominent crypto analyst, has captured the attention of market participants. This price target represents a significant psychological barrier and technical milestone, signaling the potential for heightened selling pressure and profit-taking among traders as Bitcoin approaches this level.

Short Squeeze Dynamics

A short squeeze occurs when traders with short positions, anticipating a decline in price, are forced to buy back Bitcoin at higher prices to cover their positions as the market moves against them. This buying pressure from short-covering can exacerbate upward momentum, leading to rapid price appreciation and volatility. The anticipation of a short squeeze at the $72K resistance level adds a layer of complexity to Bitcoin's price dynamics.

Market Sentiment and Speculation

The prediction of a short squeeze at $72,000 has fueled speculation and debate within the cryptocurrency community. Bulls view the potential for a short squeeze as a catalyst for further price appreciation, potentially propelling Bitcoin to new all-time highs. Conversely, bears remain cautious, citing the risks of overextension and market manipulation in a highly speculative environment.

Technical Analysis and Resistance Levels

Technical analysts closely monitor key resistance levels such as $72,000, as they represent critical junctures in Bitcoin's price trajectory. The confluence of technical indicators, Fibonacci retracement levels, and historical price patterns adds weight to the significance of these resistance levels. Traders adjust their strategies accordingly, anticipating potential price reactions and positioning themselves for optimal risk-adjusted returns.

Conclusion: Navigating Volatility with Caution

As the cryptocurrency market braces for the possibility of a short squeeze at the $72K resistance level, investors must navigate heightened volatility with caution and diligence. While the prospect of rapid price appreciation presents opportunities for profit, it also carries inherent risks of market manipulation and sudden reversals. By staying informed, exercising disciplined risk management, and remaining vigilant to market dynamics, investors can navigate the complexities of the cryptocurrency landscape with resilience and adaptability.

#blockchain #crypto #cryptocurreny trading #cryptocurrency #decentralised finance #bitcoin #btc news

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sonnychannel · 1 year ago

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Discover the Smart Money with the Order Block Indicator

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The Order Block Indicator typically operates by highlighting specific price levels or zones where large orders were executed, causing a significant impact on the price movement. These levels are considered important because they represent areas where smart money traders have shown interest and may act as support or resistance in the future.

When using the Order Block Indicator, traders look for the following characteristics:

Confluence: The indicator is most effective when used in conjunction with other technical analysis tools. Traders often combine it with support and resistance levels, trend lines, or other indicators to confirm potential trading opportunities.

Volume Confirmation: High trading volume can provide additional confirmation for the validity of an order block. An increase in volume at a specific price level indicates strong market participation, potentially strengthening the significance of the order block.

Price Reaction: Traders analyze how price behaves around the identified order block. A strong price rejection or reversal at an order block level suggests that it is being respected by the market participants.

Timeframes: Order blocks can be identified on various timeframes, from intraday charts to longer-term charts. The significance of an order block may vary depending on the timeframe being analyzed, so it's essential to consider multiple timeframes to get a comprehensive view.

It's important to note that the Order Block Indicator, like any other technical analysis tool, is not a crystal ball for predicting price movements. It provides potential areas of interest based on historical data, but the market can still behave unpredictably. Therefore, it's crucial to combine the use of the Order Block Indicator with sound risk management techniques, such as setting appropriate stop-loss levels and managing position sizes.

As with any trading indicator or strategy, it's recommended to thoroughly study and test the Order Block Indicator in a demo or simulated trading environment before applying it to live trading. Familiarize yourself with its strengths, limitations, and potential pitfalls to make informed trading decisions.

Certainly! Here are some additional points to consider regarding the Order Block Indicator:

Identifying Order Blocks: The Order Block Indicator typically identifies order blocks based on historical price data. It looks for areas where there was a significant accumulation or distribution of orders. These areas can be marked on the chart as rectangles or zones. The indicator may use various algorithms or price patterns to identify potential order blocks.

Multiple Timeframe Analysis: To gain a more comprehensive view of the market, it's recommended to analyze order blocks on multiple timeframes. For example, you can identify order blocks on higher timeframes, such as daily or weekly charts, to identify long-term support and resistance levels. Then, use lower timeframes, such as hourly or 15-minute charts, to fine-tune your entries and exits within the identified order blocks.

Confirmation with Other Analysis Tools: While the Order Block Indicator can be a useful tool, it's important to confirm its signals with other technical analysis tools. Look for confluence with other indicators, such as moving averages, trend lines, or Fibonacci retracement levels. This helps validate the significance of the order block and increases the probability of a successful trade.

Risk Management: As with any trading strategy, risk management is crucial when using the Order Block Indicator. Set appropriate stop-loss levels to protect against potential losses if the market doesn't respect the identified order blocks. Determine your position size based on your risk tolerance and the distance to your stop-loss level. Proper risk management ensures that you can withstand losing trades and preserve your trading capital.

Backtesting and Practice: Before using the Order Block Indicator in live trading, it's recommended to backtest it using historical price data. This involves scrolling through historical charts and identifying order blocks to see how well they hold up against real market conditions. Additionally, practice using the indicator in a demo or simulated trading environment to gain familiarity and confidence.

Limitations of the Indicator: While the Order Block Indicator can provide valuable insights, it's important to recognize its limitations. Not all order blocks will hold as strong support or resistance levels in the future. Market dynamics can change, and new information can invalidate the significance of previously identified order blocks. Therefore, it's essential to combine the use of the indicator with other technical analysis tools and adapt to changing market conditions.

Remember that no trading indicator or strategy guarantees success in the market. The Order Block Indicator is just one tool among many that traders use to make informed trading decisions. Continuously educate yourself, practice, and refine your trading approach to increase your chances of success.

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ontauthority · 2 years ago

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Best Ways to trade Fibonacci

Fibonacci levels are a popular tool used by traders to identify potential support and resistance levels in the financial markets. Derived from the famous Fibonacci sequence, these levels can provide valuable insights into market trends and help traders make more informed trading decisions. In this article, we will explore the best ways to trade Fibonacci levels and maximize their effectiveness in your trading strategy. Understanding Fibonacci Levels Before we delve into the best ways to trade Fibonacci levels, let's briefly recap what they are. The Fibonacci sequence is a series of numbers where each number is the sum of the two preceding ones: 0, 1, 1, 2, 3, 5, 8, 13, 21, and so on. The Fibonacci levels, derived from this sequence, are ratios that traders use to identify potential retracement levels in a trending market. The most commonly used Fibonacci levels are 0.382 (38.2%), 0.500 (50%), 0.618 (61.8%), and 0.786 (78.6%). These levels are often used to identify areas of potential support or resistance where price might reverse before continuing its original trend. Best Ways to Trade Fibonacci Levels - Fibonacci Retracement Strategy: One of the most popular ways to trade Fibonacci levels is through the Fibonacci retracement strategy. This strategy involves identifying a significant price move in a trending market and then drawing Fibonacci retracement levels from the high to the low (or vice versa) of that move. Traders look for price reactions at these levels to determine potential entry or exit points for their trades. - Fibonacci Extension Strategy: The Fibonacci extension strategy involves using Fibonacci levels to project potential price targets in an ongoing trend. Traders identify a significant price move and then draw Fibonacci extension levels from the low to the high (or vice versa) of that move. These extension levels can act as potential profit targets for traders. - Fibonacci Confluence Strategy: The Fibonacci confluence strategy combines Fibonacci levels with other technical indicators or chart patterns to identify high-probability trade setups. Traders look for areas where Fibonacci levels align with other support or resistance levels, trendlines, moving averages, or candlestick patterns. These confluence areas can provide stronger signals for potential trade entries or exits. - Fibonacci Time Zones: In addition to price levels, Fibonacci ratios can also be applied to time intervals. Fibonacci time zones are horizontal lines drawn on a chart at specific time intervals based on the Fibonacci sequence. Traders use these time zones to identify potential turning points or periods of increased market volatility. - Swing - Trend - Day Trading - Signals - Courses - Products - MASTERY Coaching Programs Fibonacci levels are a powerful tool that can enhance your trading strategy and provide valuable insights into market trends. The best ways to trade Fibonacci levels include using the Fibonacci retracement strategy, Fibonacci extension strategy, Fibonacci confluence strategy, and Fibonacci time zones. It is important to note that Fibonacci levels should not be used in isolation but should be combined with other technical indicators and analysis methods to confirm trading decisions. As with any trading strategy, it is crucial to practice proper risk management and maintain a disciplined approach. By incorporating Fibonacci levels into your trading arsenal and combining them with other technical analysis tools, you can increase your chances of making successful trades and improving your overall trading performance. Read the full article

#BestWaystotradeFibonacci

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boba9 · 2 years ago

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Using Fibonacci Retracement in Forex Trading: An In-Depth Guide

The world of forex trading is replete with tools and techniques that traders employ to predict market movements and craft their strategies. Among these, Fibonacci retracement stands out not only for its mathematical elegance but also for its applicability in capturing significant market movements. Derived from the Fibonacci sequence, a set of numbers that has fascinated thinkers for centuries, Fibonacci retracement levels offer insights into potential future support and resistance levels in the Forex market. Here’s a deep dive into understanding and effectively using this powerful tool.

Origins of the Fibonacci Sequence

The Fibonacci sequence is a series of numbers where each number is the sum of the two preceding ones, usually starting with 0 and 1 (0, 1, 1, 2, 3, 5, 8, …). Named after the Italian mathematician Leonardo of Pisa, known as Fibonacci, this sequence has been observed in various natural phenomena, including the arrangement of leaves on a plant and the branching of trees.

Fibonacci Retracement in Forex Trading

In the context of forex trading, Fibonacci retracement levels are horizontal lines that indicate potential support and resistance levels. These levels are calculated by taking the vertical distance between a significant peak and trough and dividing this distance by key Fibonacci ratios: 23.6%, 38.2%, 50%, 61.8%, and 100%.

Here’s a step-by-step guide to using these levels:

Identifying Peaks and Troughs: Begin by identifying a significant price peak and a subsequent trough on your chart.

Drawing the Levels: Using the trading software of your choice, draw the Fibonacci retracement levels between the identified peak and trough.

Interpreting the Levels:

23.6% and 38.2% Retracements: These are considered shallow retracements. If the price retraces to these levels and then resumes its previous trend, it indicates a strong trend.

50% Retracement: Not a Fibonacci number, but it is based on the market psychology that assets often retrace half of their move.

61.8% Retracement: Known as the ‘golden ratio’, this is the most watched retracement level. A bounce from this level is a strong indication that the original trend will resume.

For those keen on integrating Fibonacci retracement into their trading strategy and seeking a platform that supports advanced charting tools, decodefx.com from Decode Global offers an intuitive interface with a plethora of analytical tools, making it easier for traders to identify and act on potential trading opportunities.

Limitations and Best Practices

While Fibonacci retracement levels can be remarkably accurate, no single tool or indicator guarantees success. It’s always beneficial to use Fibonacci retracement in conjunction with other indicators and to be aware of macroeconomic factors that can influence currency movements.

Additionally, always remember that the significance of a Fibonacci level increases when it aligns with other technical indicators, making it a confluence point. These confluence points can act as stronger support or resistance levels, providing more confidence in your trades.

Conclusion

Fibonacci retracement is a versatile tool that can aid forex traders in identifying potential reversal points in the market. Its predictive power, combined with a trader’s skills and other technical tools, can help craft profitable trading strategies. As with all trading tools, practice and experience will refine its application.

As you contemplate integrating Fibonacci retracement into your trading arsenal, what other tools or indicators do you find valuable in complementing it? Share your strategies and insights with fellow traders.

#forextrading

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niamhtradingtips · 2 years ago

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The Confluence of Support and Resistance: Finding High-Probability Trade Zones

In the world of forex trading, the ability to identify key levels where price is likely to react can provide traders with a significant edge. Support and resistance zones are foundational components of technical analysis, offering insights into potential future price movements. However, when traders combine various techniques to identify these levels, a phenomenon known as ‘confluence’ emerges. This confluence can be the linchpin for recognizing high-probability trade zones.

The Basics: Support and Resistance

Before diving into the depths of confluence, it’s essential to grasp the basics:

Support: A level or area on the chart below the current market price where buying is strong enough to halt or even reverse a downward trend.

Resistance: Conversely, it’s a level or area above the current market price where selling pressure may halt or reverse an upward trend.

Building Blocks of Confluence

Several technical tools can be used to identify support and resistance. When two or more of these tools intersect or overlap, we have confluence. Here’s how different techniques play into this:

Horizontal Levels: These are static levels that the price has historically respected. If price repeatedly bounces off or is rejected at a certain price level, traders will mark out this level as a potential future area of interest.

Trendlines: Drawn by connecting higher lows in an uptrend or lower highs in a downtrend, trendlines represent dynamic support or resistance that changes over time.

Fibonacci Retracements: Derived from the Fibonacci sequence, these levels indicate potential reversal points in the market. Common retracement levels include 38.2%, 50%, and 61.8%.

Spotting High-Probability Zones

The real magic happens when these tools align:

Imagine a situation where a Fibonacci retracement level of 50% coincides with a historical horizontal support level. This dual alignment can serve as a strong indication that the price might react at this level.

Similarly, if a descending trendline intersects with a key Fibonacci level, the area becomes a potent resistance zone.

These overlapping zones, illuminated by the confluence of various tools, tend to have a higher probability of causing price reactions. As a result, they can be invaluable for traders looking to set entries, exits, or stop-loss levels.

Navigate with Confidence using DecodeEX

For traders, especially those new to the world of forex, understanding and effectively utilizing these techniques can be challenging. Platforms like decodeex.com, powered by Decode Global, offer invaluable resources, tools, and insights to demystify technical analysis and elevate trading strategies.

Final Thought: How do you prioritize or weigh different technical tools when they provide conflicting signals? In a world of countless technical indicators and methods, how do you refine your strategy for consistency and clarity?

#forex #forexmarket #forexstrategy #forexprofit #forexsignals #forexmentor #forex online trading #forextrading

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laurenttradinginsights · 2 years ago

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Using Fibonacci Retracement in Forex Trading: An In-Depth Guide

Origins of the Fibonacci Sequence

Fibonacci Retracement in Forex Trading

Here’s a step-by-step guide to using these levels:

Identifying Peaks and Troughs: Begin by identifying a significant price peak and a subsequent trough on your chart.

Drawing the Levels: Using the trading software of your choice, draw the Fibonacci retracement levels between the identified peak and trough.

Interpreting the Levels:

23.6% and 38.2% Retracements: These are considered shallow retracements. If the price retraces to these levels and then resumes its previous trend, it indicates a strong trend.

50% Retracement: Not a Fibonacci number, but it is based on the market psychology that assets often retrace half of their move.

61.8% Retracement: Known as the ‘golden ratio’, this is the most watched retracement level. A bounce from this level is a strong indication that the original trend will resume.

Limitations and Best Practices

Conclusion

#forexeducation #forextips #forexbroker #forexmarket #forex #forex online trading #forexsignals #forextrading

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topproductsreview · 4 years ago

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Crypto Market Cipher Review - Does Jayson Casper Crypto Course Really Work?

Do you wish to learn more about the Crypto Market Cipher Jayson Casper Crypto Course and is this Market Cipher based trading system really legitimate and going to show members how to make consistently profits from trading Bitcoin and other cryptocurrencies? Jayson Casper is a professional trader who has been using the Market Cipher tool to hone his trading strategy and finally become a profitable trader after years of testing and trial-and-error. His strategy has been observed to work best on the Bitcoin and Ethereum markets, and if you get a good grasp of how these 2 markets work, you will already have a good idea of how the other cryptocurrencies in the market move as well.

One of Jayson's key points in his trading is the preservation of trading capital, because blowing up your account will mean that you will not get another chance for a long time. As such, Jayson demonstrates exactly how to capture maximum profits from every big move in the markets while keeping risks minimal.

What Are The Contents Included InCrypto Market Cipher Jayson Casper Crypto Course?

1. Introduction & Basic Information

Setting Expectations And Mindset

How To Use And Customize Trading View

How To Read Charts, Price Action, Candlesticks, HA Candles, & Trends

2. Technical Analysis

Time frames and how to choose

How to Identify trends using multiple time frames

Support & Resistance Levels

Trend Lines

Channels

Top down Analysis

Moving Averages

Confluence trading

Fibonacci Retracements

Fibonacci Extensions & Obtaining Targets

Identifying Patterns

Setting Take Profit Levels

Identifying Fake-outs

3. Market Cipher

Market Cipher A

Market Cipher B 101

Market Cipher B 201

Market Cipher B 301

Market Cipher SR

Identifying the Environment

Finding the Right Timeframes

Finding Perfect Entries

Exiting a trade

Different types of waves (depending on the MFI)

Identifying Divergences

Identifying Repeating Patterns

10/1 Method

Confluence trading with Market Cipher

4. Trading Strategy

Creating & Testing Your Own Strategy (Step by Step)

Back Testing 101

The 4/24 Trading Strategy

The 50/5 Trading Strategy

The CrossWap Trading Strategy

Swing Trading

Scalping

The Market Cipher Perfect Entry Strategy

Using an Exchange

4. Mindset & Risk Management

Trading Psychology

Mindset and Expectations

Risk Management

Stop Losses

Leverage

Managing a Trading Account

Risk to Reward Ratio & Perfect Entries...

Full Crypto Market Cipher Review here! at https://scamorno.com/Jayson-Casper-Trading-Course-Review/?id=tumblr-cryptomarketcipher

#cryptomarketcipherreview #cryptomarketcipherscam #cryptomarketcipher #jaysoncaspercryptocourse

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globalteachonline · 3 years ago

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What you'll learn How to read a naked price chart and determine the trend and market structureHow to properly use Fibonacci to find high probability tradesHow to apply a consistent trend following trading strategyHow to properly manage a trade, including logical placement of stops and profits targetsHow to piece together various confluence factors of price action and fibonacciIn this course I go over the exact methodology that I use for Fibonacci in my own trading. Fibonacci is a hugely popular trading tool that has gotten a bad reputation because of how so many traders use it in a uninformed fashion. Fibonacci on it's own does not tell us the whole story of what the market is doing. But if we use it as confluence with what market structure and price action is telling us, it becomes an amazing tool that helps us to look for both precise entries as well as targets.The course is divided in four major sections. Fibonacci theory and settings, Market Structure, Long Strategy and Short Strategy. Each strategy will go over many detailed examples of how we combine all the elements of price action with Fibonacci levels.This method works on any time frame and in all kinds of markets including futures, forex, stocks, and crypto. Even if you already have your own trading methodology, there is a lot you can get out of these concepts and how I have come to use Fibonacci to only look for high quality setups. Trading with Fibonacci and Market Structure. Learn a discretionary trend following strategy using high probability setups Who this course is for:Beginners: this is a great introduction for begginers into how to properly use Fibonacci retracements and extensions in a trend following discretionary strategyIntermediate-Advanced: traders already with experience in the markets can greatly benefit from adding elements of this strategy into their own trading and combine it with their own style for greater confluence

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seinvestjournal · 4 years ago

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Stock Trading Class

11.12.21/ 3011.12 Lesson 3 & 4 - Technical Analysis

12.12.21 Lesson 5 - Position Sizing

18.12.21 Lesson 6 & 7 - EMA Bounce Strategy & Psychology

19.12.21 Lesson 8 & 9 - Trading Plan & Charting/Broker Platform

22.12.21 Lesson 9 & 10 - Charting/Broker Platform (cont’d)

23.12.21/ 30.11.2022 Lesson 1 (Part 2) - Momentum Trend Trading -- Trend Retracement

24.12.21 Lesson 2 (Part 2) - Momentum Trend Trading -- Breakout System

25.12.21/ 1.12.22 Lesson 2, 3 & 4 (Part 2) - Breakout System (cont’d), Momentum Value Rotation, Anticipate Trend Reversals with Divergence

26.12.21 Lesson 5, 6 & 7 Trend Trading -- Bollinger Mean Reversion, Capitulation & Power of Confluence

28.12.21 Lesson 8 Trend Trading -- Gap Up News Scalp (GUNS) -- didnt complete

28.12.21/ 1.12.22 Lesson 9 Trend Trading -- Slingshot Trading System

NOTE: TO REPEAT Lesson 6 (part 1), Lesson 1 & 3 (Part 2), Fibonacci Retracement level (50% or 61.8%)!

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stockmarketanalysis · 1 year ago

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Mastering the Morning Star Doji: A Powerful Reversal Signal Every Trader Should Know

🌅 What Is a Morning Star Doji and Why Traders Count on It

The Morning Star Doji is more than just a technical formation—it's a signal of market sentiment shift that traders watch closely. As a bullish reversal pattern, it typically forms after a downtrend and indicates that the bearish momentum may be coming to an end.

This three-candle pattern consists of:

✨ A long bearish candle ✨ A Doji (a candle with nearly equal open and close, signaling indecision) ✨ A bullish candle that closes well into the first candle’s body

📈 In technical analysis, this pattern is a wake-up call for smart traders. It tells you: “Bears are exhausted. Bulls may take charge next.”

Used across markets like stocks, forex, and crypto, the Morning Star Doji has gained immense popularity, thanks to analysts like Steve Nison, the father of candlestick charting, who introduced this concept to Western markets in his work.

🧠 Morning Star Doji: The Psychology Behind the Pattern

A candlestick chart is more than shapes—it's trader behavior visualized. The Morning Star Doji pattern shows a tug-of-war between buyers and sellers.

📉 First Candle: Bears dominate. 😐 Second Candle (Doji): Uncertainty. Sellers pause, buyers hesitate. 📈 Third Candle: Buyers gain confidence, often leading to a trend reversal.

This pattern works best when formed at support levels or after extended downtrends. When traders see a Doji in the middle, it suggests market hesitation, and if followed by a strong bullish candle, it confirms the shift.

⚠️ It’s not just a visual pattern—it’s an emotional one. Market participants are expressing exhaustion, indecision, then conviction.

🔍 Morning Star vs Morning Star Doji: Don’t Confuse These Two

Though similar in structure, there's a crucial difference.

👉 A Morning Star includes a small-bodied candle in the middle. 👉 A Morning Star Doji specifically has a Doji candle in the middle, signaling greater indecision.

The Doji adds weight to the signal, making the Morning Star Doji more psychologically potent. It’s especially significant when combined with technical indicators like RSI or Bollinger Bands, where divergence or oversold zones confirm the reversal.

🧪 In backtests conducted by professional analysts and featured on Investopedia, patterns involving Doji have shown higher reversal accuracy when volume increases on the third candle.

📊 How to Spot a Morning Star Doji on Strike Money or Any Other Charting Tool

Using a powerful charting platform like Strike Money, it's easy to find this pattern using candlestick recognition tools.

💡 Here's how to identify it manually:

🔸 Look for a prolonged downtrend 🔸 Watch for a Doji candle with a gap below the first bearish candle 🔸 Confirm with a third candle that closes above the midpoint of the first candle 🔸 Use Strike Money’s RSI or MACD overlay for confirmation

In the NIFTY 50, a Morning Star Doji appeared on Reliance Industries (RELIANCE.NS) in March 2024, right before a 7% rally over the next two weeks. This pattern was visible on both daily and 4-hour charts.

📌 Key Tip: Set alerts on Strike Money for "Doji + Bullish Engulfing" combo to catch these early.

💰 Best Strategy to Trade Morning Star Doji Without Guesswork

To make profits using this pattern, you need more than recognition—you need execution.

✅ Entry: Enter on the close of the third bullish candle, or wait for a small pullback ✅ Stop-loss: Just below the Doji’s low ✅ Exit: Use resistance levels or a trailing stop based on ATR

In the Indian stock market, a Morning Star Doji formed on HDFC Bank on the daily chart in January 2023. Traders who entered above the bullish confirmation candle saw over 9% returns in under three weeks, as confirmed by Strike Money backtests.

🧠 Combine it with volume analysis—an increase in volume on the third candle boosts the pattern's reliability. Also, a confluence with Fibonacci retracement (like the 61.8% level) often enhances accuracy.

🚫 Don’t Make These Mistakes with the Morning Star Doji

Even a powerful signal like the Morning Star Doji has limitations when misread.

❌ Entering before the pattern completes ❌ Ignoring confirmation from indicators like RSI or MACD ❌ Trading it in sideways or news-driven markets

A failed Morning Star Doji occurred on Zomato (ZOMATO.NS) in October 2022. While the pattern appeared textbook-perfect, the lack of volume confirmation led to a false breakout and 6% decline.

🤖 Lesson: The pattern works best when combined with context—support levels, trendlines, or divergence signals.

🧪 Real Market Examples: Morning Star Doji in Indian Stocks

📌 Tata Motors (March 2023): After a 10-day downtrend, a Morning Star Doji formed near ₹380. The RSI was under 30. A bullish confirmation candle followed, leading to a 12% rally in 10 sessions.

📌 Infosys (INFY.NS) (April 2022): After earnings dip, the stock showed a Morning Star Doji with support from the 200-day moving average. Entry at ₹1,440 led to a quick rebound to ₹1,580.

📌 Bank Nifty (September 2023): On the 4-hour chart, Strike Money spotted a Morning Star Doji near a key Fibonacci level. The rebound from 43,000 to 44,500 validated the strength of this setup.

These examples confirm that the pattern is not theory—it’s happening across Indian equities regularly.

📚 What Research and Statistics Say About Morning Star Doji

According to a study published in the Journal of Technical Analysis by the CFA Institute, candlestick patterns involving Doji candles showed higher reversal probabilities, especially when:

🔬 Occurring at key support zones 🔬 Paired with volume increase 🔬 Confirmed with another indicator like RSI

A study by Thomas Bulkowski, author of Encyclopedia of Candlestick Charts, found that the Morning Star Doji pattern has a success rate of 78% in bullish reversals when filtered through volume and trend conditions.

📉 Without confirmation, the success rate drops to 50%—that’s just flipping a coin. With filters like MACD divergence or Bollinger Band support, accuracy goes up significantly.

Use Strike Money's backtest module to test the Morning Star Doji on your preferred stocks.

🤔 Can You Trust Morning Star Doji in Your Trading Plan?

Yes—but only with context, discipline, and validation.

⚙️ Use it as a signal, not a standalone strategy. 📍 Combine with market structure, indicators, and sentiment. 🛠 Tools like Strike Money, TradingView, and MetaTrader can automate detection and backtest your ideas.

The Morning Star Doji works particularly well in trending environments after a pullback, often on daily or 4-hour charts. Avoid trading it during major news events or earnings volatility unless you have proper risk controls.

In India, stocks like TCS, L&T, and ICICI Bank frequently exhibit this pattern on weekly and daily charts. Strike Money’s pattern screener has flagged these setups consistently over the past two years.

❓Frequently Asked Questions

🤖 Is a Morning Star Doji always bullish? Yes, it’s a bullish reversal pattern, especially effective after a downtrend.

📉 What timeframe works best? Daily and 4-hour charts offer the best results for positional traders.

📊 Is it reliable? Backtests show up to 78% reliability when filtered with volume and RSI.

💡 Can I use this pattern in crypto or forex? Absolutely! The logic of market psychology applies to all liquid instruments.

🔎 How to spot it fast? Use Strike Money’s candlestick scanner or pattern recognition tool for instant alerts.

🎯 Final Thoughts: Add the Morning Star Doji to Your Trading Toolkit

The Morning Star Doji isn’t magic—but when used wisely, it’s one of the most effective signals to catch trend reversals early.

📈 From Reliance to Tata Motors, and from Forex to Bitcoin, the pattern has proven its worth across markets.

Pair it with Strike Money, validate it with RSI, MACD, volume, and always manage your risk. You’ll be trading not just with patterns, but with purpose.

👉 The markets whisper before they shout. The Morning Star Doji is one of those whispers—learn to listen.

#finance #investing stocks #stock trading #stock #stock market

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blockpaths · 5 years ago

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BULLISH ON BINANCE!!! 📈 BNB TRADE SETUP IDEA 💡CRYPTO TRADING

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There has been lots of bullish news about Binance recently and now a BNB price analysis demonstrates significant confluence for buying the BNB token between the 25.5 and 23.5 dollar levels.

We do a deep dive technical analysis (TA) for Binance to determine what the previous market structure has been. We look at the RSI, EMA, previous major support lines as well as a fibonacci retracement tool to come up with a buy setup for BNB.

00:00 Intro 01:42 Major weekly support 03:47 Repeating market structure 6:09 1D 21 EMA 08:32 Diagonal support 11:10 Fibonnaci retracement 12:09 Previous 3D bearish divergence 13:40 Bullish long term 15:54 Trade setup 19:50 4H time frame scenarios

CRYPTOCURRENCY AND BITCOIN VISA DEBIT CARD – GET $50 FREE ON ► CRYPTO.COM https://platinum.crypto.com/r/ab *Code is AB

Get $10 Bitcoin bonus for trading $100 and more at Binance till September 19, 2020. ► https://www.binance.com/en/register?ref=UAMKZ47P *Code is UAMKZ47P

TRADE ON AAX, WORLD’S FIRST CRYPTO EXCHANGE POWERED BY LSEG TECHNOLOGY ► AAX EXCHANGE https://www.aax.com/invite?inviteCode=zpqm9Fn03yVG

CRYPTOCURRENCY MARKET PRICES AND DATA ► COINGECKO https://www.coingecko.com/en

TRADE BARCELONA FC, JUVENTUS AND UFC TOKENS ON CHILIZ EXCHANGE ► https://www.chiliz.net/register/FZAkA1 *Code is FZAkA1

NOTE If you use the above referral links, we receive a commission at no additional cost to you.

TOP CRYPTO NEWS – https://www.altcoinbuzz.io

FREE NEWSLETTER – http://eepurl.com/dnIEz1

TWITTER – https://twitter.com/Altcoinbuzzio

FACEBOOK – https://www.facebook.com/altcoinbuzzio

TELEGRAM – https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA

Sources: https://www.tradingview.com/chart/j8KJtkg4/

https://www.coingecko.com/en/coins/binance-coin

youtube

Disclaimer: The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Please do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

The post BULLISH ON BINANCE!!! 📈 BNB TRADE SETUP IDEA 💡CRYPTO TRADING appeared first on BLOCKPATHS.

source https://blockpaths.com/commentaries/bullish-on-binance-%f0%9f%93%88-bnb-trade-setup-idea-%f0%9f%92%a1crypto-trading/

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allenmendezsr · 5 years ago

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The Candlestick Trading Bible

New Post has been published on https://autotraffixpro.app/allenmendezsr/the-candlestick-trading-bible/

The Candlestick Trading Bible

Buy Now

In this Ebook You Will learn…

Candlestick Patterns

How to recognize the most important candlestick patterns in the market

The Market Structure

How to identify trending markets, ranging markets, and choppy markets.

Time Frames Analysis

How to analyze the market using the top down analysis approach

Trading Strategies

How to trade the market using four price action trading strategies

What the candlestick Trading Bible is All About?

The Candlestick Trading Bible was invented by the Japanese rice trader Munehisa Homma. He is considered to be the most successful trader in history.He was known as the god of markets in his day. His discovery made him more than $10 billion in today’s dollars trading the Japanese rice market.

Since I discovered this price action system, my life has been completely changed from that of a loser, to that of a successful father and trader.If you can take a little bit of your time to read what I am sharing with you today and if you apply it, I guarantee that you will make money trading in any financial market.

I can’t promise how long this page is going to be up and available, so please be sure to carefully read the entire strategy from the beginning all the way to the end–while it is still here.

I have spent 10 years–compiling, testing, organizing, and consistently updating this method to create my own new version, which is considered to be the easiest and most profitable trading system.You don’t need to spend an extra 10 years like I did to find a winning system, because I have shared everything I have discovered in my work.You don’t even need a Master’s degree in finance or to be some math whiz like Albert Einstein to be a profitable trader.Most successful traders are dropouts, and all you need is some common sense and the ability to act on what you know is true.

What You Need is a Simple, Easy, and Profitable Trading Strategy

My journey was very hard, with a lot of pain and frustration, when I first started out. I was very motivated. I wanted to achieve financial freedom, spend more time with my family and relatives, buy the car of my dreams, and travel the world.

I thought that trading was hard. I thought that to be a successful trader, I had to find the secret, or discover some mathematical formula that moves the markets.I used complicated indicators. I got excited about each new method I discovered, but as system after system failed, and all I came to expect was losses, my initial motivation to make money soon turned to real frustration and anger.

I spent four years like a hamster on a wheel, switching from one strategy to the other, from this trading robot to that other one without any results.And instead of achieving my financial freedom, I found myself without a social life, spending my spare time staring at my screens instead of spending time with my family.

I have wiped out seven trading accounts and lost thousands of dollars. I was on the path to giving up trading before I realized that everything that I was working so hard for, was right there in front of me the whole time.

Luckily, this will not be the case with you, because what I am going to share with you today will save you thousands of dollars and years of frustration.By which time, you too would come to the same realization I had–that all you need is a simple trading method to make money trading any financial market.

Why the Candlestick Trading Bible is the Simplest Method Ever?

The Candlestick Trading Bible is based on the T.L.S. method, which is one of the most important principles in the Candlestick Trading Bible approach.The T.L.S. method stands for Trend, Level, and Signal. In other words, when you open your charts, you will look for three important elements:

The trend: you will identify the market trend, and decide whether it is an uptrend, a downtrend, or ranging.

The level: you will find the key levels in the market, which can be support and resistance, trendlines, supply and demand zones …

The signal: you will identify a price action signal such as a pin bar, inside bar, or an engulfing bar…

When you have all three of these simple elements in alignment, then you have the perfect trading opportunity.

Look at the chart example below to see how you can find high probability setups using the T.L.S. trading method.

As you can see, you don’t need a magic indicator to make a profitable trading decision. What you need is to find three important elements:

In the chart above, the trend is up. This means that you will look to buy in the market. the level is the support area, and the signal is an inside bar setup. One or two trades a week like this is quite enough to make a good monthly income.

Look at how you can enter and exit this trade in the chart below:

As you can see the formation of the inside bar setup is a powerful signal to enter the market. The inside bar formation means that the market is consolidating. The breakout of the pattern means that the market decided to continue in the same direction. What you must do to make money is to follow the market direction.

Your entry is going to be the breakout point, and your stop loss is going to be placed under the tail of the mother candle, which is the larger candle before the inside bar, and the profit target is the next level. Easy, right?

The second concept that characterizes the Candlestick Trading Bible is trading with confluence, which means that you will learn how to find confluent factors that support your trading decisions. This will help you take only high-probability setups in the market and ignore low-quality ones.

Look at the chart below to understand how we make trades based on confluence:

The chart above shows how trading with confluence can lead us to identify setups with more than a 98% success rate. As you can see in the chart above, there are five factors of confluence that support our decision.

The first factor is the downtrend, which is a powerful signal to sell the market. Don’t ever try to buy a market in a downtrend. Most successful traders say “the trend is your friend” and this is exactly what I teach in the Candlestick Trading Bible.

The second factor is the level at which a support level becomes a resistance level. This area is the best place for you to wait for a price action signal to form.

The third factor is the pin bar candlestick that forms after the retracement back to the resistance level. It indicates that the retracement phase is over, and that the beginning of an impulse move is going to happen.

The fourth confluence factor is the 21-period simple moving average that acts as a dynamic resistance level and rejects the pin bar signal.

The last factor of confluence is the 50% and 61% Fibonacci retracement levels. These Fibonacci levels are considered to be the most powerful levels in the market.

If you think in terms of confluence as I teach in my Candlestick Trading Bible, you will develop a winning trading mindset, and your brain will get used to identifying only high-probability setups that lead to big profits.

Look at the same chart below to see how many pips you can get just by applying these concepts:

As you can see the market goes down 122 pips, because all the factors say that the market will go down. Imagine that you were in this trade using my Candlestick Trading Bible approach, and you decided to risk 10 dollars for every pip. You would have easily made $1220 in this trade!

What I share with you here represents just 1% of what you can learn from the Candlestick Trading Bible, which is considered to be the most powerful price action trading method in history. Remember that this method was used by Munehisa Homma, the god of markets in his day.

How the Candlestick Trading Bible Will Allow You to Overcome Fear and Trade with Emotional Control

According to statistics, 95% of traders lose money in the market. This is because our human psychology is not designed for trading. Our social conditioning teaches us that losing is not a good thing. We don’t like to lose, even when we are playing games. Our ego doesn’t accept losing and wants always to be right.

When we come to the trading environment, we try to act the same way we do in our social life. Let me give you an example. You make a trade. The market tells you that you are wrong. Your ego doesn’t accept that. When the market approaches your stop loss, you act immediately to change the placement, and you keep fighting the market till you wipe out your entire account. This is the reason why most traders lose money in the market.

The Candlestick trading Bible is based on a strict money management strategy that will allow you to trade in control of your emotions and join the 5% of successful traders. If you follow this money management strategy, you will never be a loser in the long run.

60 Days full money back guarantee

If for some weird reason at any time within the next 60 days you are not fully satisfied with the Candlestick trading bible , simply contact me at [email protected] I will refund your order in FULL because I want you to feel safe.All the risk is on me. You can give it an honest try for full 60 days with no questions,no hassles and no headaches.

Why am i giving 60 Days Full Money Back Guarantee?

I’m so confident you’ll absolutely love this trading system that I’m willing to bet on it with my full 60 Day money back guarantee. How can i be so sure? Well,i was using this trading approach for years, and i’am a big believer that this trading system can turn normal people to profitable traders.

Again, if you decide that for some weird reason, this trading method is not for you, then let me know and i will refund all your money back with no questions asked. Basically, i’am not happy to accept your money unless you are completely satisfied with this amazing price action trading approach.So there is zero risk – You simply CANNOT LOSE here…

The Ebook costs $47, it will be available for instant download after payment

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jacobhinkley · 7 years ago

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(Buy Tron) IOTA, Stellar Lumens, Tron, Litecoin, EOS: Technical Analysis for May 5, 2018

Yesterday’s market was generally slow but while we are seeing flat outs in Stellar Lumens for example, EOS and Tron might have a comeback in the weekend. In my view, buying TRX or Tron can be a good strategy now that there are unsubstantiated rumors of potential listing at GDAX, Circle or CoinBase. Either way, news of such jolted Tron pushing it up from our previous support at eight cents.

Let look at these charts:

EOSUSD (EOS)

EOS 4HR Chart by Trading View

Could EOS Evolution looking to self fund as EOSDAC did? If you didn’t realize, EOSDAC just created several hundred million dollars out of thin air after their 1:1 air drop was completed. The team in real sense self funded their projects and are now good to go. Will this innovative economic model inherent to EOS do away with the ICO model that has been so synonymous with Ethereum? Remember the later are investments that the SEC are definitely interested in and well, it fuels FOMO which can be catastrophic to some.

In our entry chart, price action has formed this double bottom and since EOS prices are trending right in our ideal buy zone, we should be prepared to buy. Anyway, we have this stochastic buy signal which even if is not turning from our preferred oversold territory should provide the necessary fodder for buyers.

Here is our plan: if we paste a Fibonacci retracement tool at last week’s high low then we realize that prices are reversing at the optimum 50 percent and 61.8 percent retracement levels. Now, our plan is simple, once bulls confirm this reversal and breaches the 38.2 percent retracement level at $18.55, buy EOS and place your stops below the 61.8 percent mark at $15.5

LTCUSD (Litecoin)

Litecoin 4HR Chart by Trading View

After a horrible quarter, buyers are trying to resuscitate buyers. While we can say that the past 24 hours has been slow, Litecoin has been generally static and obviously rejecting lower lows. Of course that is what bulls want to see and after all, that trajectory bodes well with our previous forecast.

Anyhow, we expect buyers to continue ramping up at this discounted price and aim for $240 or there about in the coming weeks. Advised by this skew, buying on dips can be a good game plan especially if buy pressure wane. For those who are patient, break above $180 should be a good buy trigger.

XLMUSD (Stellar Lumens)

Stellar Lumens 4HR Chart by Trading View

As much as Stellar Lumens is up five percent in the last seven days, it is still down one percent in the last 24 hours. What we can say is that prices are literally static and moving within a tight two to five cent range. So, in case we want to be conservative, let’s wait for a bullish break out past 50 cents. Otherwise, trading according to yesterday’s trade plan can turn out to be a good trade plan.

TRXUSD (Tron)

Tron 4HR Chart by Trading View

Rumor is Tron is “pushing hard” to be listed by these high liquid and vetted “institutional” exchanges as Circle, GDAX and CoinBase. OK, if Tron manages to get listed-which I think is a long shot, expect the sun guys. TRX price might jump 100 percent or more.

Anyhow, behind this I want you to comb through the web and look for a guy called Feng Li. He is one of the early adopters of Tron and provided a $100K seed fund before CoinBase launched. Are you connecting those dots? I’m not saying you jump in and buy. All I want you to do is your own due diligence and decide. But, as it is, I’m urging medium term buys. It’s what we have been rooting since Tron made its way to the top 10.

In the last 24 hours, TRX has managed to reverse previous cap losses. It is now firmly in the top 10. What is encouraging though is this confluence and alignment of technical set ups shouting buys. Therefore, in line with our previous forecast and general buy skew, I recommend buys. After all, we now have a stochastic buy signal turning from oversold territory. Besides we have that refreshing double bar reversal pattern. Preferably, stops should be at eight cents which is also our previous region of support.

IOTUSD (IOTA)

IOTA 4HR Chart by Trading View

Is Huobi’s postponement of IOTA trading affecting this bull momentum or people are now shifting their money to Bitcoin? I don’t really know and until I have to ropes to give a solid explanation, I expect this slide to continue this weekend. From our technical analysis, our first layer of support lies at $2.2. However, if sell pressure melt through it, then we can as well wait until a stochastic buy signal prints. In fact that’s what I’m rooting for.

The post (Buy Tron) IOTA, Stellar Lumens, Tron, Litecoin, EOS: Technical Analysis for May 5, 2018 appeared first on NewsBTC.

(Buy Tron) IOTA, Stellar Lumens, Tron, Litecoin, EOS: Technical Analysis for May 5, 2018 published first on https://medium.com/@smartoptions

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