Bouhmidi-Bands and Overnight Session - Name of the Game The overnight range was the name of the game today. As mentioned earlier, we were looking for a potential break in either direction. After establishing the initial balance, we saw a test of the overnight session low (5019), which was successfully defended. Subsequently, buyers entered the market, leading to a push higher in $ES. This move broke the high of the overnight session (5036), confirming bullish momentum and surpassing the previous day high (5058) & upper #BouhmidiBand, reaching a peak at 1.3s BB (5074). In the last 1.5 hours, NYSE:ES retraced back within the Bouhmidi-Bands.
Daytrading
GBPAUD - Downside Range BreakoutI've been monitoring this pair for quite some time as its been ranging since February of this year. After a failed breakout attempt in early April, it looks like price is making another attempt at this week's open.
I don't really have a strong directional bias with this pair as it's been in quite a whipsaw pattern for the past couple of months. I'd drop down to the hourly timeframe to plan out my entry and a strong move to 2x ATR would be a good closure target.
EUR/GBP Long, AUD/NZD Short and GBP/CHF LongEUR/GBP Long
Minimum entry requirements:
• If 2 touch 1H continuation, 15 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/CHF Long
Minimum entry requirements:
• 1H impulse up above area of interest.
• If 2 touch 1H continuation, 15 min risk entry within it, or reduced risk entry on the break of it.
#ES_F Day Trading Prep Week 04.14 - 04.19Last Week :
Last week market opened around VAL of the range and we knew we had supply and strong sellers inside the ranges Value in and above previous gap which we filled. Market was able to balance inside VAL on Monday around Key Support of 49.75 - 44.75 and top of VAL area but Tuesday we started seeing more signs of weakness with flushes from Value into the Edge. Flushes looked strong but every one has been bought up which looked more like shorts were covering from above for profit not trapped shorts from below as we would drop pause to consolidate or cover and then once selling stopped it would rotate back to Supply. Thursdays rotation made another push for VAL but tagged and failed right under which allowed Globex to consolidate confirming that area as now Resistance and give another move back to the Edge.
If the market wasn't weak that day then we should have balance around the Edge but instead we got a break under, retest from below and this time a full continuation through the 5204.25 - 5154.25 Range.
This week :
This week is hitting us with Supply above and news of uncertainty, what can we see going forward ?
Friday we did a look below 5159.25 - 54.25 Key Support for this VAH area and came back in but for now didn't accept back inside it or tried to push through it. Question going into this week is will we have enough buying here for the market to try and hold around this 5204 - 5154 Range or will more weakness come in to send us under 5159.25 - 54.25 Support through the Mean towards VAL ? We now have volume trapped in above HTF Edge and we have broke under and accept in 5227 - 5066.50 HTF Range, holding under the upper Edge and failure to accept in or over VAH can bring in more weakness and continuation lower towards VAL and depending how much volume we will be hit with this would be the areas to watch if we either see holds around/under VAL for balancing action inside this HTF ranges Value or if stronger volume comes in or we build up enough Supply there to continue flushing towards the lower Edge where we have more pinata stops.
For upside or to see stability again we need to hold above 5159.25 - 54.25 and 5174.25 - 70s areas and start balancing in this 5204 - 5154 range for clean up which could take time before we can think of moves over or inside the Upper Edge again.
Levels to Watch : Current Range 5204.25 - 5154.25
Key Resistance 5204.25 - 5199.75 // 5188.25 - 84.50 // 5174.25 - 70.50 // Key Support 5159.25 - 54.25
Holding under 74-70 Would weakness and IF accept under Key Support can see continuation through lower Range of 5159.25 - 5107.50 Levels to watch there are 5144 - 40.25 // 5129 - 25 Key Support 5112.50 - 07.50
Depending on how things get and how much volume we have to come out this week IF VAL at 5100s goes then we could see a push for lower Edge to fill the stops which are down there.
IF we do hold current Key Support we will look to balance in this 5204 - 5154 range and for any upside back inside we would need to accept back over 5204.25 - 07.50 area.
Nifty below Day high was the trigger to Sell-19th April ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:54 for Hindi Audio)
-No Trades in the morning
-No Volume Structures in Nifty before 10
-Nifty below Day high was the trigger to Sell;Skipped Buying
-How will i trade when market opens tom
Bought Nifty future around 22220 for a New High-18th April ’24 Below mentioned points are discussed in my post analysis video(Fast forward to 0:56 for Hindi Audio)
-No Trades in the morning
-Good Volumes in Nifty after 10
-Bought Nifty future around 22220 for a New High;Poor R:R
-How will i trade when market opens tom
EURCAD,🟢Bullish scenario🟢Here is an EURCAD 15-minute chart, as you can see the price had a bullish reaction to the daily FVG, and also the price created lots of buy-side liquidity, so we expect the upward movement.
Now in the 15-minute chart, there is an untouched bullish order block formed below the sell side, liquidity so we expect the price to get support from this order block.
💡Wait for the update!
🗓️15/04/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
Nifty future crossing 22520 was my buy trigger 15th Apr '24Below mentioned points are discussed in my post analysis video(Fast forward to 0:27 for Hindi Audio)
-No Trades in the morning
-Good Sell Volumes in nifty before 10
-Nifty future crossing 22520 after 12 was my buy trigger.
-How will i trade when market opens tom
Crude Oil MondayAs in previous post on Sunday -
So we have dipped our toes into the weekly fvg
May leave a low in place here to raid it again later, want to see weekley CE respected.. as its London and Monday this could be the judas swing... wait for more info and cme or 830 open.
Any Longs from me will need market to show displacement on 15min or 1hr tf... no rush
AUD/CAD Short, AUD/NZD Short, NZD/CHF Short and NZD/USD ShortAUD/CAD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
AUD/NZD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
NZD/CHF Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
NZD/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
ES_F Day Trading Prep Week 04.07 - 04.12Last Week :
Last week to start the week we attempted the move under VAL but only had enough selling to break under and come back in which gave us another rotation higher back towards VAH. We needed more supply or stronger sell Volume to come in to attempt a move at the lower Edge. We knew going into the week that we had Supply/Sellers at/over VAH and buyers wouldn't want be paying prices over Value. Move Wednesday RTH hold over VAL and Thursday Globex trapped more buyers on the way to VAH and when buyers ran out everyone rushed for the doors which gave us a nice flush through VAL and once we took out the Support there more volume came in to extend towards the Edge. We did break the Edge and closed under but no stronger sell volume came in overnight and once RTH opened we saw the Edge hold and another rotation from Edge back to VAL. Attempted a push inside Value but this time around we saw sellers Inside Value under the Mean.
This Week :
This might be a tricky week as many will expect either a continued grind higher after failed break down out of the range or more selling to come in and take us back to the Edge and possibly under. Yes either of these scenarios could happen but we have to be careful because it could be a slow start to the week with no market moving data Monday/Tuesday then Fed Minutes Wednesday and bigger data dropping Thursday. So far the structure is telling us that we have buyers under Value and inside/under HTF Edge which is an important area for any prices under and also telling us that we have trapped more supply inside Value/Mean area of the Range which might not have all sold out yet. To me it means that its very possible to go back to tighter ranges again as price might want to stay around this VAL Over/Under area without making any big moves away from it just yet.
We did close Friday inside 5249.75 - 5295.50 range which is what we will need to focus on now until we move out of it and accept in different range. 5249.75 - 44.75 is Key Support for this range but if buyers are trying to get product under value we could be seeing extensions under but watch out for price to keep wanting to come back towards or over it if we do. Extensions away from VAL into the Value could also be met with Supply and might make price keep coming back inside VAL area. It's too early and tricky to really call it right now but last week made big moves and wont be surprised to see smaller balances this week to clean up and start getting ready for next moves which can take time. If this will be the case we will have to see if Mid/End of week will give us clear direction out of this area or if we will continue trading around this Current Range until next week.
To attempt moves higher towards VAH we would need to hold over 5279.25 - 75.25 and get through Key Resistance at 5295.50 - 90.25
To attempt moves under VAL towards Edge and under we would need to accept under 5249.75 - 44.75 and get through 5234.25 - 30.25 - 27.50 areas
Levels to Watch :
Current Range Levels -
Key Resistance 5295.50 - 90.25 // Resistance 5279.25 - 75.25
5264.75 - 60.75 Could act as an intrarange mean that could draw the price towards it.
5249.75 - 44.75 Key Support
If we accept under Key Support we will look at 5249.75 - 5204 - 5199.75 Range
Levels inside 5234.25 - 30.25 // 5219.75 - 15.75
Key Support 5204.25 - 5199.75
If we hold VAL and enough buying comes in go take us back to VAH we again need to be careful of sellers over 90s but if anything levels above would be
5306.50 - 10.50 // 5324.75 - 20.75 and Key Resistance 5341 - 36
Sold Nifty Future Near Vwap Once Low Broke-12th April ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:36 for Hindi Audio)
-No Trades in the morning
-Good Volumes Before 10 but did trigger a volume trade
-Sold Nifty Future Near Vwap Once Low Broke
-How will i trade when market opens tom
News Flash Premium Gold idea #XAUUSDI will give your guys another premium successful signal
we just gained (+0.32%) lets see if we can double that this go around
target is : 2344.57
entry: 2336.53
SL: 2333.33
thanks for tuning in, like comment and follow for more
TradeGod out
#XAUUSD #gold #signals #daytrading
#forex
USD/JPY Short and AUD/NZD ShortUSD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
S&P 500 - Recovery at Bouhmidi-BandsS&P 500 fell below the important level of 5200 and below the lower BB as well as the previous day's low after higher inflation data then expected. Now right after initial balance, we see a reversal towards the bandwidth. If the level is not reclaimed, the downward trend could continue today. The next targets would then be at BB (5148/5128).
Selling Nifty Around Vwap for a Gap Fill10th April '24Below mentioned points are discussed in my post analysis video(Fast forward to 0:21 for Hindi Audio)
-No Trades in the morning
-No Volumes in Nifty in the morning
-Selling Nifty Around Vwap for a Gap Fill did not work!
-How will i trade when market opens tom