D-scalp
Potential scalp for XAU/USD retracement?Once again, glad to say the previous analysis played out according to expectations! XAU/USD is still very much in a bearish market structure, with next major stop at 1570 for swing traders. For intraday/scalp traders there is a potential for an upward movement with take profit at 1740. However, it may be a good idea to keep an eye out on the 1723 level. What are everyone's thoughts?
Long scalp idea ($51,111 target) Weekend price action (BTC)Good afternoon traders,
Just wanted to share with you my current thoughts on the market going into the daily close at 7pm EST.
Long scalp, target $51,111. (from there either take profits and sit out or trail stops in profit)
Please get this technical analysis to 30+ likes as it helps new traders find my page! 👍
Sell off ScalpWe see continued rejection around 1.92800. Indicators are checking off for a sell off too next support line at 1.91100.
MACD/SIGNAL have made a cross and are near 0 line breach. RSI is heading further into oversold zone. Overall strength and sentiment is in seller control as we are entering a crucial trading time zone (2am-3am) where we generally see big movement.
TP at support line with stop loss above current rejection line.
Please comment with thoughts and ideas. Thank you.
Inverted Flag Possibility for ANTIf inverted flag formation works, ANT may fall down to the flag target.
BITCOIN OR ANY MARGIN TRADED COIN - HOW TO SCALP TRADE Dear Traders and Hopeaholics alike,
HOW TO SCALP LIKE A PRO - NO BOTS, NO SCRIPTS, JUST UNDERSTANDING HOW THE INDICATORS CAN BE USED.
As the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short) , you are NOT going to laugh at this strategy... BECAUSE USING THIS... YOU... YES YOU... will be laughing all the way to the crypto bank!!! HA HA HA... I hear you... this works!
And the strategy is FREE, no paid course, and simple to use!
WHAT YOU NEED
9 AND 21 EMA (EXPONENTIAL MOVING AVERAGE)
100 AND 200 MA (MOVNG AVERAGE)
A MARGIN/LEVERAGE TRADED ACCOUNT.
PAID TRADINGVIEW PREMIUM VERSION ALLOWS YOU TO SET AN ALERT ON THE CROSSING OF 9/21 EMAs - I HIGHLY RECOMMEND AS IT WILL PAY ITSELF OFF IN NO TIME!!!!!
These trades are best on 15min chart as it gives stronger confirmation on the direction.
They are also best when 100/200MAs are situated above or below the wave formation.
When MAs are tight to wave formation there is a high risk of entering a scalp as the direction is uncertain.
Always wait for confirmation of the 15min EMA indicator cross.
YOU MUST USE A STOP LOSS!!!!!
Scalp trades at any time are high risk as the market direction is not confirmed in correction zones. It is a way to make DOLLARS in an uncertain market, as you can see on the chart, trades are flipped LONG and SHORT as the EMAs cross. As explained and you can see in the example it is a higher risk when MAs are crowding the waves.
Be careful of over-margining/over-leveraging your trade, as the margin for any error can be affected with any wave move.
FOR BEGINNERS - I recommend commencing paper trading your entries and exits to gain confidence without risking your capital to commence with, we want you to be successful and making $$$
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When trading, always know you are in control 100% as you are pushing the buttons, and it is YOUR money/cryptocurrency you are trading.
BUT let me tell you this... at HOPEAHOLICS ANONYMOUS and in my world... ANYTHING IS POSSIBLE!!!
SHOOT FOR THE MOON - EVEN IF YOU MISS YOU'LL LAND AMONG THE STARS, BUT AT THIS STAGE I AGREE WITH ELON AND THINK WE ARE ALL HEADED TO MARS!!!
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If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT IT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns.
So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED!
And remember, there is NO RIGHT OR WRONG in trading - just money management!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not a financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
THE ONLY WAY TO MAKE MONEY - IS TO MAKE YOUR OWN!!!
ALGO scalp tradeNext candle may drop to $.85 to $.87 resistance level.
I may or may not buy in at that range.
Will look to sell at $.95 to $1.05.
Can't stress it enough trade cautiously. Risk is not always worth the potential of a reward.
*These are my opinions for the purpose of pattern recognition. This is not financial or trading advice.