When we have high impact news events, we have a pretty sure 'known'. That is, the market will probably move fast.submitted by whatthefx to TradingAlerts [link] [comments]
In this posts I'll cover how we use this information to plan technical trades in fast moving markets driven by news releases.
I've explained various times in many ways how there are parts of market cycles in which is it a common tendency for markets to move fast. What we look for is setups that imply a fast moving market. From there we can extrapolate what sort of price action we may see if price moves fast, and where our smart areas of engagement will be.
So you can see this being done from fresh analysis, I'll use a pair I've not posted analysis on previous and have no current analysis I have not shared. In fact, I'll be using a pair I've not looked at in multiple years.
I've not been trading Canadian dollar for a long time. Not been following it. Not even peeked in on it from time to time. Since I see there is Cad interest rates, I now expect there to be the possibility of there being opportunities in this currency.
First thing I want to do is see if there is anything I can marry up with the cad news that goes along with the general mood I think we have in the markets. I think we're entering into risk off markets. This tells me there may be weakness in Cad. It also tells me I want to trade it against 'safe' currencies. My go to here is Yen, but since I already have extensive Yen analysis I will use another. I'll use CHF (another currency I've not been following).
So, before I open the chart I have a few things in mind.
Before I even open the charts, I have a pretty good idea one of my best setups I can see here is the foreshadowing of a ping swing. https://www.reddit.com/Forex/comments/ctifde/forecasting_the_end_of_major_corrections_and/
And will wonders never cease ... there is it.
I further know before the ping swing happens, the market is probably going to want to punk everyone. It's just what it does. This tells me I can probably find risk efficient opportunities if the market dips in the run up to the news event.
Lo and behold, I also find in this messy looking range the formations of harmonic patterns indicating to me if price drops to this level I have buying opportunities where I can use small stops and target the big RR ping swing move.
I have my trade plan.
If I see sharp dips to the lows completing the harmonics, I buy.
If I see sharp rallies to spike out the 61.8 I sell.
I know very specifically my areas of engagement if the market moves fast. A lot of this I can do with limit orders.
If either of these swings happen, I'll do pretty well. If they both happen, I will bank.
If neither one of these happen, I'll do nothing ... and all I've lost is the 10 minutes it took me to mark out my areas of engagement.
Simple as that.
Bring on the news.
submitted by TRESORFX to u/TRESORFX [link] [comments]
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Abstracted from my blog post. Read the Full Post at: http://alunacrypto.blogspot.nl/2014/03/how-to-bitcoin-altcoins-daytrading-fundamental-technical-analysis-profitable-trading-strategy.html. Follow me on Twitter for my latest Bitcoin/Altcoin trading advice @onemanatatime (https://twitter.com/onemanatatime).Fundamental Analysis
Read the full post on my blog at: http://alunacrypto.blogspot.nl/2014/03/how-to-bitcoin-altcoins-daytrading-fundamental-technical-analysis-profitable-trading-strategy.html.3. Trading on Volume
Read the full post on my blog at: http://alunacrypto.blogspot.nl/2014/03/how-to-bitcoin-altcoins-daytrading-fundamental-technical-analysis-profitable-trading-strategy.html. If you'd like to discuss any ideas or have burning questions, feel free to email me at alvinlee133(at)gmail.com or hit me up on twitter @onemanatatime.
P.S. If you're new here, make sure to check out my previous posts about Bitcoin & Altcoins daytrading: http://alunacrypto.blogspot.nl/2014/02/how-to-pick-trade-next-profitable-altcoin-bitcoin-daytrading.html http://alunacrypto.blogspot.nl/2014/01/beginners-guide-margin-trading-bitfinex-exchange.html http://alunacrypto.blogspot.nl/2014/01/embarking-on-my-bitcoin-trading-journey.html
P.P.S. If this post helped you, feel free to buy me a cup of coffee!
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Harmonic Patterns Explained // Want more help from David Moadel? Contact me at davidmoadel @ gmail . com Subscribe to my YouTube channel: https://www.youtube... It is good to strengthen your strategy than jumping from one strategy to the other. Treat Forex like work and respect it. Being consistent takes some time Forex Pattern MT4 Harmonic Signals Free indicator and Strategy 2018 by Tani Forex In Urdu and Hindi by Tani Forex. 20:23. Harmonic Trading - How to a Draw by hiforex. 2:31. Technical Chart Pattern ... In this example, we review EUR/CAD 18.08.15 Bearish Signs for Euro VS Canadian Dollar? Fibonacci and harmonic trading techniques have unparalleled predictive qualities in the world of technical ... Hey Everyone! In this Weekly Forex Analysis I go over what I have on the radar for next week. I have a mix of Structure Setups and Harmonic Pattern Setups as... I will do my best to teach you as much as I can every video! But if you want to go right to the source and learn where I am and learn side by side with me go... How to Use Harmonic Patterns in Forex http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MO...