How to pick trades in different market conditionsIn the video I look at two different markets and the resultant setups which yielded the prime trades. The two markets had to be approached in different ways, especially early in the session.
I look through the price action on the DOW and then the Nasdaq. The DOW proved to be more clear cut and a trend style approach while the Nasdaq was very choppy and warranted a range or reversion style approach to the trades.
Still, both were tradable and produced some good scalps although the action had to be recognised early.
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Daytrading
NZD/CAD Short, NZD/CHF Short and SUGAR/USD ShortNZD/CAD Short
Minimum entry requirements:
• 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.
NZD/CHF Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• 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.
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.
AUD/NZD Short and WTICO/USD ShortAUD/NZD 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.
WTICO/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.
Using Multi-Timeframe analysis for a major WinnerMulti-timeframe analysis is a key techniques for prepping a market prior to a trading session.
The first thing to do before trading is to understand the major moves and longer term price action. This enables us to get on the right side of a sessions move and avoid a lot of the chop.
We take a look at the DOW from the previous trading session and talk through the 30 min timeframe and why it was so important for the 500 pt rally into the close.
I talk through the key price action, the trap of shorts before the big move up and why we needed to be on the long side of the action.
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GBP/CAD Long, AUD/NZD Short, USD/CHF Short and GBP/AUD LongGBP/CAD Long
Minimum entry requirements:
• Break below area of value.
• 1H impulse up above area of value.
• 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 2 touch 15 min continuation, 5 min risk entry within it.
USD/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.
GBP/AUD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
MATICUSDT LongMatic H1 chart, we see new strong bullish OrderBlock . Target price is 0.7160 level. Bulls can reach this level easily, so we can find some good entry here.
FUNUSDT | DAY TRADEWe recently saw a notable spike in volume on FUNUSDT , which turned out to be a false break. Using my step-by-step process, I analyzed the market and placed my entry on the 30-minute timeframe after identifying the false break. I always apply a 1.5 ATR (Average True Range) for my false break strategy, and in this case, it seemed like the perfect move! Let's see how it plays out. Stay tuned for updates!
#ES_F Day Trading Prep Week 5.28 - 5.31Last Week :
Last week Market opened over VAH and spent all week building Supply over it, as discussed in Sunday Prep since we were at ATH with no over hang we needed to wait for Supply to build up for any meaningful back fill of previous areas and that 5341 - 5290 might be our Range where price will want to stay around and keep returning into for some time while it builds that Supply.
On Thursday we ended up pushing inside the Edge but failed to find acceptance in it and the push back out gave us the flush of the inventory filling the buyers into the Value, even with how strong the move looked with break/hold under Key Support on Friday Globex failed to hold under it and we found our way back inside 5341 - 5290 Range where we were able to push back into the Means for the Range where we closed the week in VAH.
This Week :
Few things this week, we have Month End, Settlement changes from T2 to T1 which we don't know just yet how that will impact the trading and we had Holiday yesterday which pushed us over VAH and we are again building up Supply over it. For now we are inside T2 Range which was Thursday I believe the change goes in effect Today or this week, we are right around Previous Days Range and 5341 - 36 already showed us this morning that it's acting properly as good Resistance.
So far going into this week Thursdays flush showed us that don't have stronger buyers up here just yet who want to keep paying over Value and keep pushing us into new range above and that even with strong flush we didn't have enough Supply to accept under 5295 - 90 to continue filling more buyers into VAL.
This tells me again that market may want to stay in this 5341 - 5290 Intraday Range and balance around it, we have to be ready to spend quite a bit of time in these areas and trade around them until market will show us clear acceptance and intensions of moving Ranges and that can take some time because we are in a Key Spot on higher time frames we are at tops of Daily/Weekly Balances without finding acceptance above and without having the Supply just yet to move under the Middle of those balances which is around the 5290-80s area.
Plan is to continue trading 5341 - 5290 Range level to level just like last week with moves out of its 5324.75 - 20.75 // 5310.50 - 06.50 Means and then returns back towards/inside them. Failures to accept over 5341 - 36 will likely find their way back to/under 24.75 - 20.75, pushes under 5310.50 - 06.50 could also be absorbed under and find their way back to/over 10.50 - 06.50 and inside the Means we could balance. We are in lower volume times so also have to give time for the moves to properly set up and be ready to correct back.
Levels to watch :
Current Range 5341 - 5290.25
5341 - 36 Key Resistance
5324.75 - 20.75 // 5310.50 - 06.50 Means for the Range
5295.50 - 90.25 Key Support
If Accept over 5341 - 36 next Range 5386.50 - 5336
5356 - 52 // 5370.50 - 66.50 Means and Edge Top
5386.50 - 81.50 Key Resistance
If Accept under 5295.50 - 90.25 lower Range 5295.50 - 5244.75
5279.25 - 75.25 // 5264.75 - 60.75 Means and VAL
5249.75 - 44.75 Key Support
USD/CHF Long, SUGAR/USD Short, EUR/AUD Short and GBP/AUD LongUSD/CHF Long
Minimum entry requirements:
• 1H impulse up above area of value.
• 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.
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.
EUR/AUD 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.
GBP/AUD Long
Minimum entry requirements:
• 1H impulse up above area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/USD Long, SUGAR/USD Short and EUR/USD LongAUD/USD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above 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.
EUR/USD Long
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
DayTrading Nifty-Sold Below 23050,Bought Above Day high 27th MayBelow mentioned points are discussed in my post analysis video(Fast forward to 0:41 for Hindi Audio)
-No Trades in the morning
-Poor Volumes in nifty before 10
-Sold Below 23050,Bought Above Day high!
-How will i trade when market opens tom
Premium Gold idea for XAUUSD $$$$"Success is not final, failure is not fatal: It is the courage to continue that counts." - Winston Churchill
"An arrow can only be shot by pulling it backward. When life is dragging your back with difficulties, it means it's going to launch you into something great. So just focus, and keep aiming." - Unknown
"Difficult roads often lead to beautiful destinations. The best is yet to come." - Unknown
"The moment you're ready to quit is usually the moment right before a miracle happens. Don't give up." - Unknown
"The only time you fail is when you fall down and stay down." - Stephen Richards
entry 2332.04
Target 2327