LINKUSDT Peaked at this Reversal ZoneLINKUSDT seems peaked at this Right-Angled Broadening Wedge. I'm using Herif's Harmonic Pattern Projections indicator to show the 5-0 Harmonic structure within the Broadening Wedge. The price action is trading at this Potential Reversal Zone at the top due to a Candlestick Engulfing Bearish on BTCUSDT and a C-D bearish swing-leg can be expected to Volume POC level.
Technicals:
Volume decreasing shows bulls lack of confidence;
Awesome Oscillator on H2 shown bearish Twin Peaks formation;
Fisher Transform on M30 bearishness crossing.
* 5-0 Harmonic Pattern was introduced by Scott Carney
Centered Oscillators
WATCH OUT❗ BearRally Correcting Overleveraged MarketsHi Traders, Investors and Speculators of the Chart📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩(will be moving to corporate some time in Jan 2023)🏫
Bearish market rallies are meant to look like bottoms - shaking many holders out of their positions. This is because Stop Hunting Algorithms flourish here, hunting out your stop losses with wicks and volatility. In this short analysis, I explore the Total Cryptocurrency Market Cap in depth, using Technical Indicators such as the Bollinger Bands, Volume and Phoenix Ascending.
A formidable resistance zone is currently at 1T for the TOTAL chart, and I would only consider a reversal if we can CLOSE a WEEKLY candle ABOVE 1.1T ⬆ In other words, remember to take profits during a time of upward price action.
IMPORTANT XRP and XLM update coming tomorrow, stay tuned and follow 👀
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CryptoCheck
SPOT SILVER XAGISD Short Swing SetupOn the 15-minute chart spot silver in the past few days dropped from a triple top and then reversed
in a Fib retracement. Since the price is now at the Fib 0.5 level and a MACD crossover above its histogram,
the time is ripe for an end of the reversal and a new reversal to ensue with the stop loss above the
Fib 0.5 level, the short trade entry is when the price drops below the POC of the volume profile of the
past week ( horizontal black line) with a target at the pivot low of the previous downtrend.
At the target price would either reverse again or break through the support and continue the
downtrend. Overall, this is a projected 2.5 % over a couple of days.
Overall, my trade idea is that spot silver will now drop to the bottom of the recent downtrend
and then reverse forming a double bottom and strong support for an uptrend to exploit for
another profitable trade.
BTC Bottom Finder with RSI 📉Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
I'll be exploring a few scenarios for a potential Bitcoin bottom. In today's analysis, I make a use of Technical Indicator the RSI (relative strength index) over a long period of time, in other words a macro view. For more data that goes back further, I'm using BTCUSD instead of BTCUSDT. The RSI is trading in the historic oversold zone, but as we can see during the bottom of end 2014- beginning 2015, another leg down into the oversold zone is possible before continuing back upwards. This is indeed the scenario that I would be expecting, considering we have already tested this zone once but with talks of a global recession in 2023, we could see another leg down to support zone $11K before the final accumulation phase ends.
I am by NO MEANS predicting the bottom date; just a simple overview that BTC is generally accumulated at a good price around this zone.
Keep your eye on these 4 altcoins that have great upside potential during 2023, possibly even during a bear market as they are prone to pump and dump untimely 👀
XLM and DOT
XRP and LTC
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📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
The Momentum of MomentumUtilizing oscillators to confirm trend continuations and reversals is a momentum traders’ bread and butter. You most likely have the RSI or MACD saved to your favorites, but have you ever considered analyzing the momentum of an oscillator itself? You would be surprised at what insights the momentum of an oscillator can show you. In this article, we will look at how the momentum of an oscillator can help parse out false signals and give you an edge in your decision-making.
Below is the BTC/USDT 15-minute chart, the True Momentum Oscillator (TMO), and a 50-day EMA. We have highlighted what appears to be a short-term double top, with a weakening oscillator momentum that failed to reach or exceed the previous level. The price consistently bounced around the 50-period EMA and had cleanly broken through with a retrace imminent. Whether you aim to trade the break of the EMA or the retrace and rejection, this appears to be set up for a potential short trade.
Now we take the momentum of the TMO and its signal line and plot those lines (purple and white). Another layer to this story suddenly unfolds. We can now see from the new momentum lines that this move to the downside weakened almost as soon as it began. There is now a clear divergence between the oscillator and its momentum lines. What seemed to be a solid short setup now has upside potential. We must now question our next move.
A few bars later, the price broke above the 50-EMA and quickly touched it one last time and is followed by a robust move to the upside. In the current market, it is easy to lean short. Eager traders might have taken the short only to be burned by the strong move against the desired trade. Adding the layer of the momentum of our oscillator helped us read between the noise. We had a better idea of where the next chapter could take us, or at the very least, we could avoid a risky trade.
This is just one example of how the momentum of oscillators can be another valuable tool in our technical analysis tool belt. This momentum offers a unique visual aid for making quick decisions when trading.
Netflix Could Be StrugglingNetflix has been trying to recover from a bearish gap on April 20, but now the bounce may have run its course.
The first pattern on today’s chart is the March low of $329.82. NFLX peaked near the same level in mid-December. Has old support become new resistance?
Next is the sharp drop on December 15 after Digiday reported weak advertising metrics. That dragged the streaming-video stock under its 21-day exponential moving average (EMA). The 8-day EMA proceeded to cross below the 21-day EMA three sessions later.
Third, is the broken ascending wedge. That could reflect a failing uptrend.
Finally, notice how the Relative Strength Index (RSI) made lower highs in November and December as the stock made higher highs . Such bearish divergence is another potential sign of exhaustion.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NZDCAD | Bearish - Short opportunity#Week10-Strategy-2
BEARISH INDICATOR (DEC 26)
(Before Market Opened)
(Selected this pair based on review of major indices)
1. Bearish LHs and LLs
2. Market closed with bearish candles
3. Major support has been broken between 0.8590 and 0.8594, and now it is significant resistance
4. Trending upper channel has been broken but the price did not break the previous LH
5. Bearish Pennant, Continuation pattern is spotted
6. Price is sideways but bearish pennant signaling continuing bearish trend.
7. Bearish trend will confirm if the current support (last LL) at 0.85096 is tested and broken
8. Price between Fib 78.6% and 100%. Which is lower than the nearest sig resistance, hinting towards a more bearish movement.
9. No divergence was spotted
BULLISH INDICATOR (DEC 26)
(Before Market Opened)
1. Trending bearish upper channel has been broken but the price did not break the previous LH
2. Recent price action is sideways, which could be because of the last week of December
3. Price may test current support at 0.8509, if it had to reverse.
TRADE PLAN
————————
PLAN A: SHORT when the market opens
EN: 0.85096 (Pending Sell Stop Order)
SL1: 0.85729
TP1: 0.84463 - RR: 1 - Lt: 0.05
SL2: 0.85930
TP2: 0.83223 - RR: 1.5 - Lt: 0.1 (@Fib Ext level at 161.80%)
-
PLAN B: Long. Pending Buy-Stop Order
(if due to the new year, trend reversal happened)
EN: 0.85940 (Above the SL2 of Plan A)
SL1: 0.85229
TP1: 0.86649 - RR: 1.0 - Lt: 0.05
SL2: 0.85740
TP2: 0.87142 - RR: 1.5 - Lt: 0.1
Exxon Mobil Has Pulled BackExxon Mobil is the fourth-biggest gainer in the S&P 500 this year, according to TradeStation data. Its recent pullback may interest trend followers.
The first pattern on today’s chart is the consolidation over the last two weeks. Notice how XOM made a higher low last week and has now pushed through a falling trend line.
Next is the level around $104.76. The stock peaked there in July 2014 and again last June, but now is attempting to bounce at it. Has old resistance become new support?
Third, the Relative Strength Index (RSI) rose above its moving average. Similar crossovers in July and September were followed by rallies in price. (See the white arrows.) Will the pattern repeat this time?
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
Pullback in SchlumbergerSchlumberger broke out to new multiyear highs last month, and now it’s pulled back.
The first pattern on today’s chart is the June peak of $49.83. Strong quarterly results drove the oilfield servicer through that level on October 21. Two retests occurred in November, but it held both times. Has old resistance become new support?
Next, SLB is currently trying to form a bullish inside week. That could suggest prices are squeezing before a bigger move occurs.
Third, stochastics are back near an oversold condition.
Finally, energy remains the top-performing sector in 2022 as crude-oil inventories dwindle. That may keep investors engaged into yearend.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
SPY Reversal ShortSPY has retracted to the fib level of the mid August to mid October downtrend.
IT has stalled at the .618 Fib level while the MACD and RSI indicators are
showing bearish divergence. All in all this foresees an end to the bear market
rally. This seems to be a good entry for put options with near term expirations.
Stop loss of 5 and targetting the Fib Levels of the retracement down from
the uptrend that followed Covid in April 2020 through 12/25/21.
Bitcoin - 🎯 Phoenix Ascending & BBandsHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Bitcoin just closed another weekly candle and the price is currently stabilizing on support zone of $16000. By using two technical indicators together, we can determine which directions most likely next, bullish or bearish. The Bollinger Bands together with Phoenix Ascending also gives a potential specific price target that can likely be anticipated next.
Interested in XRPUSDT and other alts? Check out this idea 👀
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We thank you for your support !
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Harmonic Holds the 50-dayIt’s often interesting to find stocks making new highs when the market tanks. Today’s chart focuses on such a name: Harmonic.
Notice how the provider of video software advanced in late September and early October as the S&P 500 and Nasdaq-100 hit new 52-week lows.
That relative strength followed an Analyst Day on September 15. Heavy volume occurred as prices rose the next session, a potential sign of new buying after the event.
HLIT then rallied about 40 percent. It reported better-than-expected quarterly numbers on October 31, but traders “sold the news.” The shares proceeded to form an A-B-C correction but are trying to bounce at their 50-day simple moving average (SMA).
Next, the pullback held a 50 percent retracement of the preceding rally.
Finally, stochastics are trying to rebound from an oversold condition.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
BTCUSD Daily Inflection Point 2Bitcoin has just about hit the last transient zone, 25k area and has consolidated some 2 months.
It didn't quite reach my first target, but it did consolidate in this zone hitting important price levels leaving new targets.
the 10k-5k zone is an ideal area for the next wave to hit and consolidate in, and because we hadn't hit the 15-10k zone yet, bullish moves are unlikely.
the 13k price has been a target of mine for a while, and in recent charts 1k target has also been considered.
For now, all I see is a dip in crypto, we're apparently in a 5th wave correction, I'm hoping for a quick dip instead of a long complicated correction. It would make more sense seeing what the world markets are doing.
1 Hour
4 Hour
1 Day
1 Week
Also Noteably We're under the 1x1 on the Log All Time Gann Chart/Box
If bitcoin can break up in this zone, then long positions will be considered.
This is not finanical advice.
Bull Bear Power Void - Your volume oscillator is lying to you.The simplicity of this indicator is REALLY what has me gassed up. It's the smallest indicator I have coded but it is just so powerful. There are a million oscillators out there based on volume. My biggest problem with them is that they simply tell you whether you have volume to the upside or volume to the down side. It kind of tricks you with the lack of information into thinking you have a change in your trend or that you're going to be able to break out of a range across a moving average or through some trend line or support and resistance.
However many of these Oscillators are failing because they lack to tell you one key thing. They tell you that you have volume but they never tell you if it's enough volume.
Even a popular indicator like the MACD can have its MACD Line crossing upwards over the signal, telling you that you have an uptrend but again it's still failing to give you the results of how much volume of trades you have and "is it enough" volume in that crossover. It boils down to the one key fact that without volume there is no momentum. This should be able to make trading crossovers a lot easier.
So in today's video I'm going to show you the newest addition to the trading View Community Scripts and it is called,
"The Bull Bear Void Volume Oscillator"
Use this link to get it for free
From my own testing, this oscillator can predict whether the next candle will get you the move you need or not. In the markets you cannot have anything good without volume. After you have volume you have momentum. You cannot have momentum without volume and this is the key thing that causes people to fail when they look for breakouts, trend reversals, or if they're wondering whether this move is a fake out.
This indicator is based on the study of volume spread analysis or VSA.
This indicator is designed to be paired perfectly with the Heiken Ashi Algo oscillator.
Get it here
This indicator is strictly to be used as a confirmation indicator and not to be used by itself to tell you when to buy or sell.
What are its Parts?
The Colored Columns or Volume Bars
RED Column - Indicates volume movie downward
Light Red - indicates volume is pulling back from a downward move
Green - indicates volume is moving upwards
Light Green - indicates volume is moving down from an outboard move
The void
Is Green for bullish and red for bearish. This is a Cloud that appears extending from the center upwards and downwards. This is the average range of volume. Anything volume closing inside of this void is ranging volume or very little volume and it is not enough to break the trend or break out.
The MACD and MACD Signal Line
Just like using the macd these two lines indicate whether the trend is moving up or the trend is moving down. But in this oscillator it's been colorized to show you when profits are being taken versus new positions being opened in either direction.
Rules for a SELL CONFIRMATION TRADE
The macd line must be underneath the signal line and the macd line must be below the midline.
A bullish column must appear below the midline and it must extend outside of the red void.
if you are using the heikin-ashi Aldo oscillator you must also have a red Heiken Ashi candle close below -10.
The MACD trend line must be a solid color and NOT black.
To open a LONG position you simply reverse the rules.
Nvidia May Still Be Trending LowerNvidia has clawed higher in the last three weeks, but some chart patterns may suggest its downtrend remains in effect.
First you have the falling line along the highs of March and August. NVDA has recently struggled at that line, which could mean it’s still resistance.
Second, prices have fought the July low of $140.55 without breaking through. That suggests old support may have become new resistance.
Next, the trendline closely matches the 50-day simple moving average (SMA). A dip back under that SMA could indicate sellers remain in control.
Fourth, stochastics are sliding from an overbought condition.
Finally, NVDA reports earnings on November 16. Given its guidance cut on August 24, could traders look for its longer-term trend to resume into the event?
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
Will Ford Skid Lower?Ford Motor bounced sharply in October, but now it may be showing signs of fatigue.
The first pattern on today’s chart is the falling 50-day simple moving average (SMA). The automaker tested this line in each of the last three sessions without breaking it. That may suggest its downward trend remains in effect.
Next, consider how F briefly made a six-week high on Wednesday before rolling over. The resulting bearish outside candle is a potential reversal pattern.
Finally, stochastics are slipping from an overbought condition.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
Applied Materials: Another Lower High?Applied Materials has recently bounced along with other technology stocks. But some trend followers may look for it to roll over.
The first pattern on today’s chart is the line running along the highs of January and August. The chip-equipment stock is approaching that potential resistance area. Will it roll over again?
The most recent price action may have already answered that question. After all, Wednesday’s peak was $0.06 below its monthly high from October 6. The S&P 500, in contrast, made new highs last week versus earlier in the month. That may reflect a lack of relative strength.
Third, AMAT has been stalling at its 50-day simple moving average (SMA). Is the intermediate-term downtrend still in effect?
Finally, stochastics are back to an overbought condition.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
EurNzd (Long) Halloween10-31 Please refer to daily chart for details:
1) Both Andrews pitchforks on chart show divergence in price action, where they overlap at.
2) RSI (momentum indicator on bottom)- shows price action is going up at this time on daily chart.
Trade set up: 1:1 Risk Reward is as follows: 50 box = 50 stop loss/50 target
1) Target: 1.72000
2) Enter: 1.71500
3) Stop loss: 1.71000
This will be be my 1st trade of session: set it and forget it trade for me. Make plan/trade plan. Will place this trade after 1st hour of session.
Related to 50 stop loss- adjust risk management to your account size with the correct lot size, for your risk of 1%, 2% or ? (whatever your level of risk is)
All trades you do, you need to control and be in charge of all you can: stop loss, enter, target, risk, price you enter, pair you trade, session your trade and time you trade- If you are excellent with the former- you will be trading for a lifetime or a marathon, instead of a short time or a sprint race.
Please do your own strategy and plan with any trades you do- trading has to be completely on you do and not- with any trades. Learn every trade you do.
AudUsd (long) on Halloween 10/31Please refer to 4 hour AudUsd chart:
Setup:
1) Target 0.64500
2) Enter 0.64250
3) Stop 0.64000
Yes, this set up and trade I will do is a 25 box (which means 1:1 Risk Reward) and that stop loss and target will be same distance from each other.
Will let price action go north or up higher and hit my entry 1st at 0.64250- which will trigger into this trade, which will be a buy limit order and a set it and forget it trade. Which means once in this trade it will do what it does- either hit my target and/or stop loss of 2% risk reward per trade (for me).
Always- on each trade use risk management and stop losses.
Until you know what pair, price, session and time to trade- find trades which give you a risk reward of 1:2 or higher, with my 1:1 style of trading that I utilize in my trading mostly I have a high win rate of 70% plus- so I works for me. You need to find a repeatable strategy that works for you and make it as mechanical as possible and/or robotic almost. When trading forex your plant should answer all of your questions that arise- if if does not then you need to change it.
Wish you the best- Always protect the bag (profits) when trading- never let a winning trade turn into a losing trade.
Note: Double Andrews pitchforks over charts add divergence and/or possible reversal price action points when I trade. Noted on this 4 hour AUDUSD chart is sell imbalance (you can google and/or You Tube forex imbalance- if you want)- which means PA will negate that area before deciding which direction to go.
Prataap snacks Ltd - MACD CROSSOVER 📊 Script: DIAMONDYD (PRATAAP SNACKS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY FMCG
📊 Sector: Fast Moving Consumer Goods
📊 Industry: Packaged Foods
DAILY TIMEFRAME
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Double Moving Averages also giving crossover.
📈 Script is moving towards its resistance level which is 908.
📈 Current RSI is around 76.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 869
🟢 Target 🎯🏆 - 908 , 1000
⚠️ Stoploss ☠️🚫 - 799
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂