How To Read Signals From A Chart

Hover the mouse on the trade you want to know about in either the trade tab or the account history tab and the info box will come up and show the trade number and if placed by an ea/script the magic number/comment.

cheers
maahome

Don't miss this GBPUSD chart reading example

Answered via PM as moderators can interpret my link as the commercial

Rushi asked me to analyze 4h CADJPY. I switched to 1D because:
- It did take much time to begin answering
- 1D TF is telling more clear and important story.

I noted the key signs on chart. As you can read from the chart, we have:

- zone of strength formed in August around 79.5
- signs of weakness above 82.5

Currently, bulls are trying to push price higher with EVRB 20/Nov at the level of SFDB 81.50. This is a reasonable setup, but as for me, we have too much fresh weakness overhead. Price is moving in the middle between 2 orange lines. Here the market is vulnerable to print counter-minding messages. Yes, we have bullish arguments on this chart. However, I do not believe they will lead to a sustainable rally.

Here is the link to BTCUSD chart reading

I'm trying to get into it, but i struggle with english. Please could you tell me if i got it?

In the previous post about #BTC I mentioned that:
the most recent Trap was made for Bears, not for Bulls

After that publication, I got a questions about difference between the traps for Bulls and bears. Let me clarify my thought.

Trap for Bulls:

1. Buyers watching for entering Longs,
2. Price forms small up-move,
3. indicators give buying signal
4. Buyers enter longs
5. Price quickly reverses down and makes bulls cry while their losses become growing.

On the cluster chart you can find Green Clusters as Positive delta indicates execution of Buy-Market-Price orders
During formation of Trap for Bulls, also triggering of Stop-Losses takes place (SLKT). They also produce green clusters as Buy-Stop orders execution also increase a positive Delta.
Example of Trap for bulls (and SLKT) you can find in point 1.

The opposite is valid for Trap for Bears

1. Sellers watching for entering Shorts,
2. Price forms small down-move,
3. indicators give Sell signal
4. Sellers jump into Short positions
5. Price quickly reverses Up and makes Sellers cry while their losses become growing.

On the cluster chart, you can find Red Clusters as Negative delta indicates execution of Sell-Market-Price orders (new short positions)
During formation of Trap for Bears, also triggering of Stop-Losses of Buyers takes place (SLKB). They also produce Red clusters as Sell-Stop orders execution also increases a Negative Delta.
Example of Trap for Bears (and SLKB) you can find in points 2.

Note point 3. This is a potential SLKB under 7100. Watch for Demand-Bar on faster TF in order to join the Bullish Team in short-term perspective.

Check this BTCUSD chart reading example
https://www.cryptocraft.com/showthre...2#post12632142

I answered you in PM that buying is risky and here is why.
1) SLKT
2) Huge volume wide-bar with closing on the very low. It looks like the market knocked out sellers by triggering their SLs and prepared for down move.
3) SB and a start of expected down-move.



I don't believe market has gained its targets on the down-side. So - repeat- buying is risky.

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The Market is the Ultimate Machine for making Losers

1) This down wave with breaking down below the 22/Nov low attracted a new portion of sellers. "OMG! BTC is going to hell, I need short this right now!"
Where that portion of bears tends to put their SLs?

2) Right. Here.

3) That is why we got up move with target ... Where?

4). Right. These green clusters represent the triggering of sellers' SLs above round number 7400. By making losers from described sellers, market lost big portion of interest in moving further upwards. That is why we have some sliding down today.

What is next?

5) testing high-volume 7100 level. Some minor bullish impulse can follow.

Check this brent oil chart reading

EURGBP 4h has been trending in the downward direction (blue channel trend-lines)
In such conditions, placing shorts having more odds to bring profits. Especially, if you open short around the top resistance line.

Let's switch to a faster Timeframe in order to get confirmation and accurate low-risk setup.



1) If this high-volume represent the real strength activity, why did price reverse down then? The AB down-move confirms
2) C - is the minor high, the maximum of 26/Nov session. Study the activity. It was a big activity without progress above 0.857. Note, rally stalled in the zone of Fibo Levels. So, this is typical for the culmination of upward correction.

3) SLKT at the opening of the London session. Increase in volume, penetration of previous day's high and reversing down. This is a setup for shorting.

What is next?

4) Big volume bar without bearish progress. This is a sign of support. Falling price encountered a Buy-Limit wall. Shorts should be covered at least partially as some sort of up-move could arrive.

BTCUSD overview

When you try to read stock market charts, use 1d-1w timeframes.

Thanks man!, i only started understanding the dynamics of market when you opened this thread, i want to say that i have learnt a lot from you. Thank you so much

Don't miss this BTCUSD chart reading

#UBER Stock

On the 6th of November, the Google Trends registered spike of mass interest in UBER stock.



Headlines of Popular Media was Negative. Earnings news was disappointed.
Here is example from CNBC. Jim Cramer is pessimistic on Uber.



But let's look the chart.

1) On those days, price did hit the bottom line A of down-wave-channel. Study the price and volume. Narrow range and extremely high volume. This volume is bigger than IPO volume. What does this all mean? People started to SELL "toxic stock", but professional money entered the market in order to absorb the falling stock. Why? Probably they know some insightful information and they have positive expectations about UBER? Chart tells - very possible. That is why we got so heavy volume in narrow bar.

2) Big activity sustained on the next days as well.

3) It looks like DB. This green bar suggests that big volume in 26-27 zone reflected the strength (Accumulation).

What is next? I expect some more bearish impulses caused by lines B and C. But in longterm, UBER has bright projection.

In the previous overview of BTC, I wrote:
We should expect a stalling of the bullish pace. While price is holding above 7700 - we should interpret current short-term #BTC chart from the bullish position.
Here is what we got since that overview.

1. Green circle - is expected balancing zone. Low volume trading range slightly above 7700. Low activity could be interpreted as a lack of interest in the current level. Where the market is interested to step next?
2. This bar gave an answer. Top tail represents the Trap for bulls who did believe in resuming the bullish trend. Also it triggered SLs of sellers above 7800 round number. But bar closed on the lows and produced tears for both parties - knocked out bears and trapped bulls. This bar is rational for establishing shorts.
3. Weak bar
4. Weak bar
5. Weak bar
6. Some strength is entering below 7300
7. SLKB diversion. Triggering SLs of bulls under 7200 and Trapping bears. Next bar up - and confirmation of strength.

What is the most expected Scenario for me?
SLKT above 7500 (top pink line) with further bearish attack toward 7200 support.

#USDCHF has been trending upwards since the mid-Nov.

I plotted the up-ward channel on Chart 1.


1) This hi-vol bar I would interpret as the SLKT into the overbought area and above round number 1.0
2) This high-volume could be caused by mass closing positions before weekend.

What does the last bar tell us?
This could be a Shake-out bar in order to stress people, make them think about bearish reversal. Look, in mid-term, price has not break-down the center line of bullish channel. Rally could be resume after buyers left the market without losses. Market is not designed to make profits for people (Chart 2). Price already hit SLs of buyers which were 'hidden" under Thursday-Friday lows. Now price can easily reverse up in order to let no them make profits after bouncing up from center-line.

0.996 is the major support.