Daytrading
Day Trader’s Post Market Analysis - Nifty BankNifty-25th Oct ’23Below mentioned points are discussed in my post analysis video(Fast forward to 0:28 for Hindi Audio)
-No Trades in the morning
-Looking for a daily followup on this.
-19200 Finally Breaks in nifty Spot
-How will i trade when market opens tom
USD/CHF Short, GBP/USD Short and EUR/USD ShortUSD/CHF 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 Short
• If price corrects and a tight flag forms, then I'll be looking to get short 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 Short
• If price corrects and a tight flag forms, then I'll be looking to get short 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.
Live Trades and Price Action setups explainedIn the video I review my trades on the DOW Jones Index for the session and talk through the setups, price action and reasoning for the trades. I also talk through the overall bias for the session and the missed opportunity from my sessions plan.
Feel free to join in our live trading room....link in the signature below.
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#NATURALGAS LONG TRADE IDEA SETUPGreetings Folks,
today i have prepared a setup of NATURAL GAS on MCX
the analysis is as follows
- the price is looking for a minor reversal
- currently trading at a very important zone
- wait for a retest for entry
dont play with fire, always use a predefined stoploss
GBP/CHF Long, NZD/USD Short, GBP/USD Short and EUR/USD ShortGBP/CHF Long
• If price corrects and a tight 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 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 Short
• If price impulses down below our area of value, it does so in a convincing manner and a subsequent tight flag forms, 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/USD Short
• If price impulses down, it does so in a convincing manner and a subsequent tight flag forms, 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/CHF Long, CHF/JPY Short and GBP/USD ShortGBP/CHF Short
• If price impulses up above our area of value, 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.
CHF/JPY Short
• If price impulses down, it does so in a convincing manner and a subsequent tight flag forms, 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 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.
Example of Winning Price Action from a Live Trading SessionPrepping a market and having a defined directional bias coming into a trading session, is the key for a winning day.
In the video I talk through a Live Trading session we had with our group and the reasons why we were bias short.
I talk through the areas our traders hit sell entries and Where and Why I was happy to enter the market short once my ideal Price Action setup gave me all the confirmation that I needed.
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Weekend Update on Nasdaq Futures Here i am discussing my take on the today's price action and also my game plan on tomorrow.
I am also discussing the current scenarios and the probabilities for what is going to happen on intraday basis. I try analyze the markets with the most unbiased way possible. Here is my complete analysis for today's session and for tomorrow's outlook. Please feel free to comment and share your views and feedback.
Thanks
What the 4,300 Mean for the S&P 500The recent price action on the S&P 500 has been very interesting. While the long run outlook for this index is up, the recent price action tells a different story.
The S&P 500 experienced an excellent bull run from April 2020 to December 2021. The year 2022 was shaky with huge whipsaws at just about every other month.
2023 looks like we might be getting some stability as the S&P 500 resumes its uptrend. That is, until it entered the range previously formed around the December 2021 high.
Things took an interesting turn as this week ended with a huge selloff. This is an indication that the 4,320 to 4,360 range (see the rectangle) is holding and acting as resistance in the formation of a lower high.
If this level holds up, then it's very likely we begin to see a downtrend for the next little while. Which, by the way, will be supported by a moving average cross-over as confirmation.
Given the fundamentals that we're seeing, this is a real possibility. Consumer income growth falling short of inflation. Corporate layoffs driven by the technology sector show no signs of stopping. Hiring freezes are beginning to take place. Finally, more and more people are dipping into savings and credit to either meet bills or maintain the lifestyles they can't afford.
One Trade a Day SYSTEMWell today was 2 trades... same setup:
From the today PLAN :
I think 4287 may play an important role tomorrow. At time of this post we last traded 4290.
Go long if above 4287 at 10 am or
GO short if below 4287
This worked out for +30 move down
Thank you for watching. If want to know more link is below.
Day Trader’s Post Market Analysis - Nifty BankNifty-20th Oct ’23Below mentioned points are discussed in my post analysis video(Fast forward to 0:20 for Hindi Audio)
-No Trades in the morning
-Not a Good Weekly Close for sellers.
-Nifty Spot weekly close below 19500 would have been clearer.!
-How will i trade when market opens on Monday
CHF/JPY ShortCHF/JPY Short
• If price impulses down, it does so in a convincing manner and a subsequent tight flag forms, 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.
Analysis of the psychology and Price Action of a momentum moveIn this video I take a look at the psychology of a phase of Price Action that we traded in out Live Trading Room.
I review the key price action that I am looking for to get involved in the action for a new momentum push up/down. Our aim in trading is always to enter a trade in the 'unknown' as traders start to realise they are on the wrong side of the action...this gives us the biggest payouts.
Intraday Trading is a process of doing the analysis, reviews and having confidence in your read when LIVE trading.
** If you like the content then take a look at the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated **