Daytrade
SPX500- SPY ETF trading idea -day tradeHi Traders,
SPY ETF has much better price action and set up for day trade if we compare with QQQ ETF
Market rallied on Wednesday due to Earning / FED meeting was positive
(No change in interest rate)
Watch out these key levels of SPY.
Support -403.13,396.40,391.63 ( Good scalping area)
Big companies are reporting earning hence market will be volatile
EURUSD SHORT DayTradeHi Team,
We are almost at the Fed rate decision, which is widely expected to see a rate hike that will bolster the strength of the dollar.
EURUSD is completing an ABCDE corrective climb within an established channel, and this looks likely to complete just before FED rate decision.
We can use this for two trades!
The first is a scalp buy up to the larger time frame sell zone. The second is this larger short position. Though swings could also be taken from here, we will almost certainly see retracement following first impulse, so it's an early TP.
Blue region dictates expected major sell zone. A rise above this invalidates entry. Look for bearish rejection at channel resistance and enter with TP and SL as charted.
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DrBear
RMSLAs of right now the 5 up off the dump looks bearish in nature.
Likely an A wave on the daily as part of a zig zag ABC correction and we are now finished with wave B.
The C wave can extend past the recent highs and the bulls can flip the 5 up in a HTF wave 1,2 and start a 3 wave off the recent lows.
But gun to my head that's not likely anytime soon.
🟢 Forgive them for they know not what they do!In this blog post you will learn what to do when your friends and family think you are gambling by being a trader.
First of all let me start by saying this...
If you are a gambler (And YES, you should know that!) then this is NOT for you and you should seek help.
But if you are someone who is looking at trading as a potential future source of income then my advice would be very different.
I would say NEVER. GIVE. UP!
Throw yourself into this world totally and completely and you will reap the rewards.
It takes a leap of faith, trust and good judgement to do this successfully and consistently year after year.
A very special individual.
A professional.
An expert.
Now, as far as others (especially family) dictating to you what you enjoy doing with your life?
My answer would be to take it into consideration, be a professional and understand where they are coming from.
If your answer is still yes then you should not care about what they THINK of you!
Be confident, be courageous and maintain tunnel vision.
THIS is what it takes to become a Trade Ninja.
Are you prepared?
SPX500 with a potential fakerally!Hey tradomanics,
looks like last bullish move after the fed-protocoll (Seriously... so bearish )... looks very suspicious especially in the market-depth showing absoprtion in form of a lot of iceberg-orders at the resistance.
I will give it a shot and go short from here on.
What do you think?
EUR/USD Likely to fall!Hey tradomaniacs,
looking at EUR/USD I see a potential move down due to recent fakeouts with trapped buyers aswell as the absorption before (Market-depth).
AS long as risk-off continues we might see more dollar-strenght especially after that ridiculous statement by the ECB saying they dont see an upcomign recession as a likely scenario. (lul).
However, probably a good spot to short with a nice risk-reward-ratio.
Waht do you think?
Joe Gun2Head Trade - Gap fill on NASDAQTrade Idea: NASDAQ
Reasoning: Gap fill on NASDAQ
Entry Level: 11797
Take Profit Level: 11035
Stop Loss: 11905
Risk/Reward: 6.83:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe Gun2Head Trade - Short term double top on EURJPYTrade Idea: Short term double top on EURJPY
Reasoning: Stalling on the daily, double top on the 60min. Possible intervention?
Entry Level: 142.42
Take Profit Level: 140.50
Stop Loss: 142.97
Risk/Reward: 3.4:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe Gun2Head Trade - Selling GBPNZDTrade Idea: Selling GBPNZD
Reasoning: Large engulfing candle on the 60min
Entry Level: 1.9452
Take Profit Level: 1.9257
Stop Loss: 1.9550
Risk/Reward : 2:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.