EUR/GBP Short, EUR/NZD Short and USD/CAD ShortEUR/GBP Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/NZD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/CAD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
Daytrading
Day Trader’s Post Market Analysis - Nifty BankNifty-8th Dec ’23Below mentioned points are discussed in my post analysis video(Fast forward to 0:42 for Hindi Audio)
-No Trades in the morning
-No Volumes in both BankNifty & Nifty
-Bought Nifty twice – one was red, and one was green
-How will i trade when market opens tom
EUR/GBP Short, USD/CAD Short and GBP/USD LongEUR/GBP Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/CAD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/USD Long
• If price impulses up above our most recent high, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
DXY H8 - Short SignalDXY H8
DXY is currently maintaining its position at the key resistance level of 104, demonstrating resilience at this significant whole number price point. Despite hitting this zone yesterday, we observe a relatively subdued level of market activity.
It appears that the markets are in a wait-and-see mode, anticipating a potential surge in trading volume driven by the release of crucial economic indicators, namely NFP, AE, and UE figures scheduled for tomorrow afternoon. Investors seem poised for a potential shift in market dynamics following the upcoming data release.
That being said, we are anticipating more downside.
Day Trader’s Post Market Analysis - Nifty BankNifty-7th Dec ’23Below mentioned points are discussed in my post analysis video(Fast forward to 0:36 for Hindi Audio)
-No Trades in the morning
-Poor Volumes in Both Nifty & Banknifty
-Should Have Traded-Buying Nifty after 10, with prev. day's SL.
-How will i trade when market opens tom
GBP/CHF Long, USD/CAD Short and EUR/GBP ShortGBP/CHF Long
• If price impulses up, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
USD/CAD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/GBP Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CL1! Crude Oil Day Trade 6-Dec-2023TRADE DIRECTION: SHORT; as indicated by the red EMA cloud and the market structure.
KEY LEVEL:
1) Round numbers S&R with 25 ticks range between each level (hidden)
2) Monthly, Weekly and Daily Pivot levels.
TRIGGER SIGNAL: Price broke the previous day's low (green circle) and retraced to the bearish EMA cloud. A bearish pin bar (in yellow circle) formed as a sign sellers are ready to push the price down. The Profit target is set to be 3 ticks above the Daily S3 (white circle).
RR: 1:1.56
SL: 54 Ticks
TP: 84 Ticks (achieved)
Rinse and Repeat Simple Intraday Momentum Trading StrategyI illustrate my simple short term USA session strategy and also talk about the importance of the USA session when it comes to trend changes and daily bias changes
As always, these are the main steps:
Identify an intraday directional bias
Identify the key levels
Identify trade entry triggers
Manage the trade with attention to "Actual Risk"
Day Trader’s Post Market Analysis - Nifty BankNifty-6th Dec ’23Below mentioned points are discussed in my post analysis video(Fast forward to 0:34 for Hindi Audio)
-No Trades in the morning
-Banknifty traded in a 200 point range
-Sold Nifty At the wrong Time and didn't trail SL.
-How will i trade when market opens tom
Day Trader’s Post Market Analysis - Nifty BankNifty-5th Dec '23Below mentioned points are discussed in my post analysis video(Fast forward to 0:43 for Hindi Audio)
-No Trades in the morning
-Couldn't capture the big moves in nifty
-Volume Setup Triggered a Buy in Banknifty after 12
-How will i trade when market opens tom
NZD/USD Long and GBP/USD LongNZD/USD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/USD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
Pre USA Setups I'm Looking at for Intraday Momentum ScalpsHey traders, a preview for how to apply my simple momentum scalping strategy to the USA session today.
As always, these are the main steps:
Identify an intraday directional bias
Identify the key levels
Identify trade entry triggers
Manage the trade with attention to "Actual Risk"
Day Trader’s Post Market Analysis - Nifty BankNifty-4th Dec ’23Below mentioned points are discussed in my post analysis video(Fast forward to 0:59 for Hindi Audio)
-No Trades in the morning
-Both Nifty & Banknifty had volumes
-Volume Trade Triggered a buy in nifty after 12.
-How will i trade when market opens tom
AUD/CAD Long, EUR/USD Long, NZD/USD Long and GBP/USD LongAUD/CAD Long
• If price corrects and a tight flag forms, then I'll be looking to get long with a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/USD Long
• If price corrects and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/USD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/USD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZDCHF - Breakout TradeI see an interesting reversal play to the upside on NZDCHF. This is a pure technicals play to trade the breakout on this week's session open.
Price fails to push to new highs and signal the start of a potential downtrend.
The massive selloff doesn't push price to new lows so we have a support formation.
Moving average crossover is an early signal that near-term momentum is picking up to the upside.
Upside breakout further supports... well, upside potential.