SOYBN/USD Short and SUGAR/USD ShortSOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Daytrading
Great Short Trades on the DOW as price dumped on FOMCThe DOW was sold lower as traders looked to lock in some profit.
By planning ahead and assessing recent price action, you were able to steer clear of the early rally and focus on Sell Setups to take advantage of the selloff.
In the video review, I talk through the previous sessions price action and why I was looking for selling opportunities. I then discuss the Price Action on the trading charts and the momentum plays that led to the Sell Entry setups!!
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Winning Trades thanks to a clear Price Action readIn the video I talk through my trades on the DOW and reasoning for the executions.
I aim to take some trades early in the session if they setup and we had a few good setups in a generally range bound market.
I like to initially plan out the key levels using higher timeframe charts and then trade using the 5 min and 1min charts. By using a fast and slow MACD, I can define the short term momentum moves and then trade around them using the price action setups.
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EUR/NZD Short, SOYBN/USD Short and WTICO/USD ShortEUR/NZD Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
WTICO/USD Short
Minimum entry requirements:
• 1H impulse down below AOI.
• If 3 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Trapped traders provides a great Short opportunity on DOW The plan for the session was to trade short off resistance on the DOW after an initial opening drive higher. The short side was the play and paid out nicely for patient sellers.
In the video I talk through the key Price Action for the move and prime trade areas on the DOW Index.
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** Any Comments and likes are greatly appreciated **
SOYBN/USD Short, WTICO/USD Short,WHEAT/USD Short & GBP/AUD ShortSOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
WTICO/USD Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
WHEAT/USD Short
Minimum entry requirements:
• 1H impulse down below AOI.
• If 3 touch 1H continuation, 15 min risk entry within it, or reduced risk entry on the break of it.
GBP/AUD Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/NZD Short, WTICO/USD Short and SOYBN/USD ShortEUR/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 15 min rejection or phase line break.
WTICO/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
#ES_F Day Trading Prep Week 5.12 - 5.17Last Week :
Last week market opened above 5159.25 - 54.25 Key Resistance and gave a pull back/hold of that area showing us that it was holding as Support now. We knew that from there we could either Fail at or around VAH and pull back under that Key area or we could get through VAH and if we hold above that can bring in more buyers to give us pushes towards the above Edge.
We were able to push through VAH during Globex session creating a gap which held above VAH during RTH and gave us the first push to the above Edge. Rest of the week we spent consolidating around the Edge / above VAH without being able to push back in or even tag the VAH area which brought in more buyers to create a cost basis around that area and once selling ran out we pushed for next ranges VAL. As we saw from Fridays action we still have sellers at VAL and could not accept above 5249.75 - 44.75 Key Resistance for now, if we remember that area of 5263.25 - 5282.25 above VAL is our previously created GAP to the downside which we created when we first found the top in April, this gap was filled pretty quick but it was so big and still had Supply above so I decided to keep it and we can see on this retest that we still had Supply in it after spending time away from it.
This Week :
We are at tricky spot here as we now again have a Cost Basis and Support under us but also have Supply with Sellers above, of course this could be a spot for big reversal or for continuation through VAL inside above Value to start spending time in the BUT it could also be a tricky spot where we will spend time between this Supply and Cost Basis areas until market cleans up and accepts higher or lower. Volatility is down and we are getting closer to Summer trading which could mean even less volatility without big money trying to move the markets too much as we are now in a good spot for lower distribution, we can use the Supply above to keep us under and Supports below to keep us up while we clean up and fill orders.
Going into this week we are set to open inside 5249.75- 5199.75 Intraday Range, we are inside Previous Day Range and just at or above T2 Range which to me says watch out for slower smaller range trading. Will it be the case ? we will have to see but what we know from Friday action is that we have buyers at 5234.25 - 30.25 which is the top of our Intraday range mean and we will call current Support, we also have buying at or right under 5240-38 area which kept us above the 34-30 with only one good test of it and we have Selling at 5264.75 - 60.75 which will be our Current Intrarange Resistance if we want to try and accept in the above Range, we also need to watch out for 5256 - 54 or so area as well because we have trapped supply over it on Fridays flush, we could spend some time around these above mentioned areas until we can decide if we will accept in the new Range above or if we will build up enough Supply to fill the buyers under 5234 - 30. Yes 5249.75 - 44.75 is still Key Resistance but for now it could act more as an intraday mean between our buyers and sellers and price may want to keep coming back towards it until we can either accept over 64 - 60 and start balancing in that Mean to show acceptance or we get under 34 - 30 into that Mean to fill the buyers.
Careful for smaller ranges and quicker reversals, I have observed for now that with good entries market is giving 7-8 point clean moves until the reversals and chop come in, and will sprinkle in occasional 10 - 12+ moves but going into the beginning of the week I will focus on catching more of these 7 point moves from around the levels and not worry until bigger targets until market will show that it has potential for it because its easy to get caught up waiting for bigger moves and either giving back good profit on reversals or while waiting for continuation and end up ruining mental capital, instead can try and catch 2-3 of these 7-8 point moves and have a nice day.
Levels to watch :
Current Range 5249.75 - 5199.75
Means 5234.25 - 30.25 // 5219.75 - 15.75
Key Support 5204.25 - 5199.75
5240 - 38 and Under still has Buying and 34 - 30 can keep acting as Support longer than we want but if we accept under we need to watch out for balancing between the Means
If Accept Over 5249.75 - 44.75 we have 5256 - 54 and 5264.75 - 60.75 to watch out and for price to possibly be coming back towards and under 49.75 - 44.75, would need to start balancing between 5264.75 - 5275.25 to show better acceptance in new range but if anything levels here would be
Means 5264.75 - 60.75 // 5279.25 - 75.25
Key Resistance 5295.50 - 90.25
IF Accept under Key Support and Edge Low levels are
Means 5188.25 - 84.50 // 5174.25 - 70.50
Key Support 5159.25 - 5.25
Break Down a Trading Session and Price Action Taking NotesIn the short video I show the price action from a session on the DOW JONES and the key price action that I see important for my daytrading.
This is a process I do each day to improve my trading and it helps to solidify in my mind what I want to see in the setups.
You will have to pause the video to read the notes but please enjoy.
ANY QUESTIONS, JUST LEAVE IN THE COMMENTS !!
** If you like the content then take a look at the profile to get more ideas and learning material **
** Any Comments and likes are greatly appreciated **
WTICO/USD Short and SOYBN/USD ShortWTICO/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SOYBN/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Day Trading Nifty- Scalp sold Nifty around VWAP 14th May ’24 Below mentioned points are discussed in my post analysis video(Fast forward to 0:24 for Hindi Audio)
-No Trades in the morning
-Nifty Had poor volumes before 10
-Day Trading Nifty - Scalp sold Nifty around vwap;SL Hit
-How will i trade when market opens tom
Premium Bearish Gold idea $$$ #xauusd XAU/USD is currently bearish for next 4 hours due to the strength of the US dollar, easing geopolitical tensions, and technical indicators showing downward momentum. Traders may consider shorting the currency pair with tight stop-loss orders to capitalize on the bearish trend.
Entry 2348.56
SL 2351.30
Target 2335.67
#XAU/USD #daytrading #bearish #USDstrength #geopoliticaltensions #technicalindicators
Thanks for tuning in Trade God out
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