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[AUDUSD Short] 27 Jan, 2021 - Roger V Trading IdeasAUDUSD Trading idea comment: The previous AUDUSD trading idea provided on the 12th of November 2020 was expired after the breakout of the final SL resistance level of 0.736000. The direction changed from bearish to bullish after the breakout. Market during the first half of January in 2021 was very quiet and did not fluctuate much for most pairs. However, I was looking around at the market on the 10th of Jan 2021 and saw some price action signal with the US Dollar index forming an earlier stage of reversal to a bullish direction. In relation to this matter, AUDUSD is one of the major pairs that correlate with US Dollar Index. If US dollar goes strong in its value, inversely AUDUSD goes in a bearish direction. Vice versa with US Dollar index going weak against with AUDUSD. It took me 17 days from 10th January 2021 to 27th January 2021, to make a decision that AUDUSD can be one of the selected pairs in the list to go for its trading opportunity. AUDUSD has been in a consolidation of its high and low between 0.769000 to 0.782000 (Still currently on-going with the consolidation.) What is the reason to finally decided to trade AUDUSD? It was a tough decision this morning to decide AUDUSD to confirm to have it be a part of the selected trading pairs. Main factors I see that made my decision for AUDUSD: 1. Price Action a. Upper shadow high for each candle is lowering each week, and no new highs is breaking up the highest one. AUDUSD Weekly Chart a. Descending Triangle pattern channeling i. It is quite similar to the price action. However, the difference between descending triangle is that, it looks at the breakout of the triangle. If it breaks upwards, it means that the trend will go in a bullish. Vice versa, if breaks downwards then it will go in a bearish trend. AUDUSD Daily Chart 3. US Dollar Index volatility strength a. An in depth/ update about the US Dollar index is written in the follow articles i. 12 Jan 2021 - US Dollar Index (Read more) ii. 21 Jan 2021 - US Dollar Index (Read more) Extra Notes: Taking note that AUDUSD previous effective high happened in July 2017 going pass 0.78XXXX. (Please refer to the image below to see the chart.) The high gone over 0.78XXX in 2021 is considered the only effective high comparing with the past 3 years. When new highs are created, to be more conservative it is best to wait for more signals on the higher time frame until it gets more stable and then start after that to have a higher possible winning accuracy for the pair. Right now, this trading idea is announced. Roger V will put this pair in list to try for its trading opportunity for AUDUSD. Worst Case Scenario: Two options: 1. Can wait or ask Roger V on Roger V Diamond Club, to see if the trend is actually true breakout or false break. a. If true breakout - try to find a lower loss to stop loss. b. If false breakout - hold it, and carefully look at the weakening signal from M15 to H4. (Same method as looking at the weakening signal candlestick combination taught in group.) 2. Can stop loss straight away at the final SL, if the loss amount has gone over your expectation. (This is to be known before you make any orders.) Best Case Scenario: Trend does not breakout final SL of 0.867000 support level. Once reach target 1 0.895000 and gets resisted and goes in a retracement. Re-entries for long position will be available among the new re-entry trading idea. -------------------- (Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.) -------------------- Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Short
by aluotradingjournal
No Choice but Shorting LINKHonestly, this is a very difficult chart to apply technical analysis on. We can see that none of the tops align, none of the bottoms align. It doesn't matter where you look, there is almost no possibility to draw horizontal areas. Most often when this happens, the price is moving in a trendy way. There is an inherent continuous down- or upforce that moves the price in a direction. The only moves that move away from that direction are the shorter moves. No complete retracements can be found. We unfortunately see that LINKUSD is in a downtrend right now. The tops keep consistently dropping. There is a small upwards pressure at the moment forming a symmetrical triangle. However, I just see this as a great opportunity to enter a short still on a relatively high position. We need to admit LINK is moving to lower areas, I suggest to open a short position and try to trade it at least until the most recent bottom. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:LINKUSDShort
by Trading-Guru
20
Big short, two short positions - working off (waited!) BTC/USDT Good day, dear friends. I'm glad to inform you that Today I and my subscribers managed to catch all this movement. Why we opened a short position instead of a long one, all the Description below. Our first position was opened at 24010-24000. (Some opened it a little lower, at around 23950-23890 (but it paid off)) With targets such as: 23550-23150-22830-22570 Stop loss at 24550 ---- ALL TARGETED TAKES --- And the second position was opened at this level - 23490 Target: 23050-22380-21530-20270 Stop loss at 23950 for the second position - only 2 target ones (the position is still open) And now about the main thing, why we opened this position and why it worked. Look, I was expecting a strong momentum yesterday and my last short was to catch all of this movement. But it was closed by stop loss with a loss of 450 points. Today, We reopened the short position because we had such a picture at 2h TF "impulse from a strong level === >>>> price return without a rollback to a strong resistance level from which we began to fall == >>> as well as news about a new type of coronavirus in ENGLAND + many traders were waiting for the breakout of the level 24000 + yesterday GAP + And most importantly, it's a bearish downtrend triangle and as well as RSI 4H TF. Now about the goals, many have long known that Impulse price movements are always multiplied by 2 (if you are counting on the second impulse) And I was counting, because at the mark - 23490 - We have formed a bearish flag. This made me understand that I need to open the second position short, and set long targets. (Because the first impulse yesterday was 5% - so this should be about 10% fall) That is why I set up such targets - you all see them on the chart. And also, those who read my ideas know where I indicate the zone of distribution / accumulation of positions - you can see all this on the charts below, under this description! We had a false exit for this zone, a long protraction in the flat - the levels of $ 23000-24000 All this spoke of a decline. And we managed to take it. What I expect next - I will describe it in the next trading idea and explain why it can only be a correction of this growth. If you like my idea, please support me with like and write a comment if you made money today or lost it!
by UnknownUnicorn13204076
MY SECOND POSITION IN SHORT btc/usdtHello dear friends again))))) Thank you for your thank you messages for making money with me, that my tips and ideas are helpful to you. I thank each of you for this. At this time, I open a new short position, from the current price 23830 Targets: 23550 -23300 -23000-22500 Stop loss 24100 Because for me there are many factors that again speak of a decline. I go short because for me there are my levels at which I work. We reached 23550 by the previous idea))) You will ask why I did not set this target - because I expected a breakthrough of this level to 23300. stop loss at 24100, same as for the previous trading idea! We have already earned 290 points in it, and the stop loss is at breakeven! (24090) Maybe I'm wrong, I'm not asking someone to follow me. I only share with you my trading positions, following my risk management and money management, I always trade with stop loss (as well as trigger stop loss) STOP MARKET and OBSERVE ALL ASPECTS OF TRADING!
Short
by UnknownUnicorn13204076
4
2 Entry Point For BTC (Buy/Sell)I think we're near to the end of the BTC decision time that I spoke in last Idea.. So surely I have to possible scenarios for this end. Bullish scenario: If BTC breaks 18630 upwards that means we have a double bottom pattern as I drew with a blue path for you. Buy/Long position at: 18700 Take-Profit at: 19300 Stop-Loss at: 18400 Bearish scenario: If BTC breaks 17630 downwards, a harmonic pattern will be activated. Sell/Short Position at: 17500 Take-Profit at: Target 1:16900 Target 2: 16450 Target 3: 15850 Stop-Loss at: 18000 I hope you enjoy it.. This is my idea.. What do you think?
by ArshiaZojaji
3