TD9 on the 3h counting down. ~2.5hr left. looks like a juicy SHORT. ETH 30m TD9 just happened and is confirming candle, so could take another 2h to confirm, meanwhile the 1h and 4h candle are counting up to TD9 as well.
This one looks to be lining up better between btc/eth on td9 counts. Could be a nice dump to retest support at the least.
I am still expecting 9200-9300 CME gap fill if not more than that though so take these shorts while monitoring them closely, and I'd suggest closing them as soon as you get a 1h reversal candle on the way down. (Or even a 30m reversal candle to keep it tighter and safer).
We still are in bearish trend though, so its safer to short than long.
OBV is well under MA200 on 1h and up.
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oh, yeah, my trade isnt updated on the chart. im entering something like 91xx or even high 89xx dont think its going to be pumping right now, heading into overnight US time. only 4am UTC almost so also another 5hr until london opens. this will either be a 5-6h drop bounce, but it could be a bigger dump too you never know. keep your shorts on!
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the TD9 3h might be invalidated. theres 1.5hr left on the candle and it must close above 8895 to be valid
after it closes, we watch the next candle for confirmation of whether it continues to overshoot, or reverses. we enter only when it confirms reversal. overshoot candles can count up to 13 (and if they do, are INCREDIBLY strong signals). so that means up to 4 more candles after a TD9 close (on a 3h that means we're looking at 12h maximum before confirmation)
with up to 12h confirmation, this could be able to pump up to 9400 to close more of the cme gap after market opens in both EU and US.
this is one probable scenario. it could also confirm in the next 3h and just go down.....but i like the previous scenario better (MUCH juicier short!)
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6 minutes left and bitcoin is LITERALLY ping-ponging between validating, and invalidating - the 3h TD9!!! this is crazy. how can it be so precise???
will post update in ~6m if it validates. then we watch for confirmation candle to short.
in the meantime here is TD9 on the daily ceiling level which is a short entry perfect level as it will probably not break above this level if it prints a 3h TD9
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hahaha so this td9 was literally on a hairpin
i checked all top 8 exchanges, and ONLY ONE of them invalidated it by just a few $$$ binance!
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now, binance is the largest exchange.... so....... im going to definitely wait for confirmation. for me that means: 1) 30m, 1h, 2h, 3h, or 4h closing a TD9 as well while we are still in this range. 2) the next 3h candle being red (i think i might even be happy with a 1h or 2h candle)
a 3h TD9 close is usually significant, as a fairly larger move happens. you can check the chart and see previous 3h td9 closes and what happened from them.
entry 8920-8970 SL above 9100
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i moved my entry up
we have continuation on the 3h TD9 and it could line up great with 4h TD9 and lower TF TD9's for a much bigger dump.
here is 4h TD9 progress. if this validates, it would be a 3rd candle continuation td9 on 3h that would be incredibly good short, if we get td9 on 3h, 4h, and lower TFs.
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We are about to have a 4h TD9 candle, and we just got 2h count-down on 3h TD9 candle continuation sell signal, and we are lining up right with:
1) longterm trendline (red dashed line) 2) ichi-cloud resist on 4h 3) 4h TD9 sell signal last week that still holds ceiling of trading range 4) not to mention horizontal supports at 9200-9400
should this 4h td9 candle print and 3h td9 candle confirm sell, it will also print a 1h td9 sell signal 1h, 3h continuation confirm, and 4h TD9 sell candles all at once. plus rejection from trendline and ichi resistance. this would be a major sell signal!
breaking above 9485 would try to invalidate this and/or continue uptrend, but the volume just isnt there and i dont think it can. ill be watching!
my entries are all from low 92xx up to high 93xx with SL high 94xx
@ezpi im long up to 9300 , and after that who knows FOMO or whale movement might be happening and change the game , or might go down
ezpi
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@ahp64, thats something i thought about doing too at 8500, but then i fell asleep and woke up to 8850 so i just said nah. better not to be in a bad trade than miss a trade.
i was 100% sure we would hit 9100
but i am not sure if we will go any higher
im betting on 9200 and 9300 being hit, to fill my short orders.
raise your stop loss to 9000 right now!
or 8950 i guess.
if it drops below that, we're already going down.
i hope you got in at a good range!
i did 3 swing trades, 2 short 1 long on the range. was super profitable range! very large!
ezpi
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@ezpi, ok, 99% sure.....no such thing as 100% sure in markets :D
ahp64
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@ezpi, many thanks about sl I've already moved , mine were not profitable in general , i hope it would change since now ,
ezpi
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@ahp64, where did you get an entry?
i am trying to stick to some trading rules. one of which is i never take trades with less than 3:1 RR so had i taken 8850->9100 it wouldnt have made 3:1 on a reasonable SL at 8600.
but if you got in at below 8700 its still a good trade, risk free basically, put SL at 8950 now and youre good no matter what.
if i had that trade now, id probably sell 40% at 9185 and 40% at 9250, and keep 20% to just ride as high as possible (or get stopped out on the way down)
Hey may I know what is TD9? Trying to understand and follow on your publication.
ezpi
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@mingkhaw1, Tom Demark indicator
i just learned how to use it recently and am loving it.
i built a backtest strategy with it that has massive profit % and is very accurate
it is an incredibly good indicator.
it shows you price floors and ceilings of trading ranges.
it calculates stop loss levels even, and you can even use it to show them on the chart automatically
when you see my chart, you see the numbers on each candle? the red and green above and below?
those are counters.
they count up to 9 based on a rule system and when it hits 9, it turns into a buy/sell signal.
then there is up to a 13 count for confirmation of the signal to enter the trade, at which point it marks the ceiling/floor of that trade range with the little green/red dots. which hold valid s/r levels as well until another td9 either breaks above or below them.
i tell yo uwhat - i will do a tutorial video on it here soon.
give me a bit. maybe tomorrow.
i love this indicator.
its very accurate when using it right.
already did 3 swing trades in this range in the last 4 days now very accurate and decent profit