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Keylevels

The PIK Trading Strategy & Key Lessons for Day Traders!Hey Traders! Happy Sunday! In this video, which ends a little earlier as I didn't know videos have a limit, we go over a few key points, starting from the PIK trading strategy which you guys will hear about much more over the next few days, mindset, motivation and guidance is covered too! When it comes to the PIK trading strategy, we go over the indicators that are used, price action and key levels! The video isn't our best one, but it does have plenty of value and we hope you enjoy it! Thanks and all the best!
OANDA:DE30EUREducation
by PrimedGroup
BTCUSDT two key levels to watch!The price is testing the first support of the ascending change, where the price created a nice daily candle with a false breakout and hold the 40k support. In 4h timeframe, the price is going to create a descending channel below the weekly resistance. Now we need to monitor two levels, the weekly resistance for a long scenario and the daily 4h support for a deep retracement. So how to approach it? IF the price is going to have a clear breakout from the weekly resistance (above 42k ) we could see a new bullish impulse on 45k, otherwise if the price is going to lose the 40k, the next valid support is 1.13 Fibonacci Ext, 37k ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
by InkyGrip
12
NASDAQ trade idea and chart educationHey traders! Hope everyone has had a fantastic weekend but its now slowly time to get back into the groove of day trading! The New York markets are open today even tough most European markets are closed... which means we will have a chance to finally trade after a long, and deserved, 3 day weekend! In this video we go over a trade we have on the NASDAQ a trade we started to build and if opportunites present themselves we will continue to build. Nevertheless, the main point YOU should take out of this video is our analysis and charting process, you will see me map in only the most important and relevant levels and then you see me focus on price action, since PA is the only way the markets can talk to us you all need to learn to read the charts by always focusing on price action (highs/lows) Anyway, the video explains the rest! Questions are welcome! Have a fab day!
CAPITALCOM:US100Long
by PrimedGroup
BTCUSDT is testing the key level! On the upper chart (weekly timeframe) the price is testing the previous weekly resistance as new support, 0n 0.5 - 0.618 Fibonacci level. The current Weekly candle needs to close above the weekly structure. On the daily timeframe, the price is creating a channel between the monthly structures (32k and 48k) on the 4h timeframe, the price is creating an ascending channel and the price is testing the 0.786 Fibonacci level on the weekly support. How to approach? The price is in a key zone. If the price is going to hold the weekly support we could see a bounce until the previous daily resistance on 44800, where the price has the M's neckline. Otherwise, If the price is going to lose the support, the next Valid support si 40k –––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure.
by InkyGrip
10
XAUUSD LongReasons for bullish bias: -Very strong timeframe confluence -Bullish trend on daily timeframe -Bullish trend on hourly timeframe -Break of 1H & 15min local downtrend -Bullish price action on 1H & 15min timeframe -Rejection from below at daily key level area Confirmations to look for: -Break & retest of local downtrend on 1min timeframe -Higher low & higher high on hourly timeframe -Break & retest of daily pivot on hourly timeframe This one may be very accurate entry on daily bullish trend. Let's wait for confirmation before entry. This is just idea, not trading advice, use at own risk.
OANDA:XAUUSDLong
by DiezKokodrilos
1
XAUUSD ShortReasons for bearish bias: -Break below daily bullish trendline -Price sideways inside consolidation -Double top pattern formed at key level -Multiple rejections at 1947 level, which is also previous key resistance level -DXY uptrending Confirmations to look for: -Break of local bullish trendline -Break of 1937 level to below & retest of that level -Trade is invalid if price breaks above consolidation and/or stays above bullish trendline! This is just idea, not trading advice, use at own risk.
OANDA:XAUUSDShort
by DiezKokodrilos
3
JICPT|NIO broke key level with another possible sell-offHello everyone. NIO has dropped by almost 60% from the high created on early Jan of last year. On the monthly timeframe, the solid demand zone is $16-$20 with a rally-base-rally pattern. On the weekly timeframe, the key levels of $33-35 violation trigged sell-off. We can see that the long-term MA in red color served as holder for a while. If the current level around $25-26 couldn't defeat the revisit. Another sell-off might be triggered with price likely to test the monthly demand zone. What do you think? Give me a like if you're with me.
NYSE:NIOShort
by JICPT
1
Know Your LevelsTodays daily primer is all about key levels, Don't make trading harder than it needs to be. Know your levels, keep track of them, have a system that says BUY or SELL as quickly as possible and then just execute your trades! All you needed to do was follow up, know the key levels and execute. It makes this job much easier when you are prepared and this type of preparation is easy. We are looking for an edge and keeping track of levels is KEY at making easy money (at least for our day trading system). Every Sunday I sit down and map out important levels, I also review my trades for the previous week, for development purposes, and during that review of past trades I specicially check these levels and how price behaved at them. I'd like to show you just how important levels are, but you should also checkout our VWAP video released just before this video.
OANDA:XAUUSDEducation
by PrimedGroup
2
Update on BTC USD following the retest of 200 day MALooks like the 3rd wave DID in fact consist of a 3, 4, 5 on the Elliot wave. I am still holding onto this 200 day MA as support theory, while respecting the fib retracement levels at 46901 and 46232. This would be the 3rd time we test / breach the 200 day MA in the last month. If we hold these levels again and start our reversal, I expect the whale bears will be returning to the market just in time to kick off Q1 2022 and a nice 3 month bull run. What side are you on? Bull or bear? #SeekingConfluence #BullWhale #BearWhale #WhaleWhales
COINBASE:BTCUSDLong
by Shadowfigure
ETH: Waiting for Daily Candle Close above $4385Into at least the first half of 2022 I'm bullish on cryptocurrency due to inflation expectations. The $4385 price point, being the May 12th all time high, has established itself as a key psychological level. After failing as support on Nov 16th, multiple attempts to break it have failed. Today, we once again broke $4385, and for the first time the level has successfully held as support when tested on the hourly timeframe. To me, this indicates the past two weeks' accumulation phase is nearly complete. If today's daily candle closes above it, I'm long to the $4771-$4868 region. For more conservative traders, I would recommend waiting for two daily candle closes.
COINBASE:ETHUSDLong
by SnowZulu
1
Major Pairs Key Levels: Nov.22 - Nov.26Hi everyone, Hope you have enjoyed the weekend. Every week, I mark weekly levels for each currency pair to see how price reacts to them. As you see in the charts, I have marked the last Week's and Last Month’s Highs and Lows for the 6 major pairs (actually they are 7 but there was no room for NZADUSD, but you can do that one by yourself as a practice) Why are these levels important to us? Because they are kind of support and resistance levels and when price approaches to them, any breakout or rejection on these levels is very important: (Lows act like support and Highs act like resistance). So, take a note for yourself and apply them on your chart to have an efficient setup for key levels. Mn : Monthly (Red Lines) , W: Weekly (Yellow Lines)
by Mahtab_Tradia
4
4 Types of Trading Confirmations"Wait for this confirmation!" "Look for this confirmation!" When I first began my trading journey, these are phrases that I kept seeing get thrown around and had no clue what it meant! What am I supposed to be looking for? What do these confirmations exactly mean? It quickly began to get frustrating and confusing... Then eventually, things started to click one piece after another. Confirmations are a fundamental part of your trading and must be fully understood if you want to be successful in this game. So, what is a confirmation? Well, it depends on many different scenarios, but in this post I will talk about 4 of the most common forms of confirmations with examples! 1️⃣ Price Action When analysing many different instruments whether that is forex currencies, crypto projects or even stocks. You will often see when searching for trading opportunities that there are various confirmations that price will give clues about on the chart that we can trade from. Price action & candlestick patterns are one of the strongest form of confluences as far as confirmations in trading go. They can be accurate reflections of the current market sentiment and gives you clues of what price is trying to communicate with you. Making them very reliable when used in the right hands of course. Different types of price action confirmations such as doji's, pin bars, double top/bottoms & engulfing candlesticks have been proven by history time & time again to be a reliable method of identifying and predicting future market movements and is a major part of my technical analysis. But, is it a good habit to instantly place a trade as soon as we see one of these confirmations? Short answer, NO! I wish it could be that simple... Trading with only one price action confluence will soon bring inconsistencies into your results and will negatively impact your overall success rate. Instead, we need multiple confluences layered on top of one another to give us the best chance of predicting where price will head next. 2️⃣ Indicators Whether you're purely a price action trader or an indicator heavy trader. From simple moving averages to complex computer algorithms, indicators play a big role in the trading industry. Being 100% objective and removing all psychological aspects through providing real numbers, figures and data. They can be extremely beneficial to certain traders when it comes to carrying out their technical analysis. For many traders, the various signals from indicators are considered to be accurate and reliable information. However, all indicators share one negative thing in common and that is that they are all lagging . Meaning the data provided is not a live representation since it uses previous price action to pull its data and is unable to account for what is happening in the market in the right here, right now. Often resulting in traders missing out on the big power moves, getting into positions too late or executing trades with bad risk:reward setups. Not to mention the potential for many traders to rely on indicators too much and begin to lose their own edge in the market (imagine a double edged sword if you will). 3️⃣ Fundamentals Which are figures deriving from news events such as in an economic calendar, news & tweets etc. Actual fundamental news can become your best confirmation tool. However, the main obstacle right here is the promptness, validity and reliability of the data that you get. The information shouldn't be delayed and it must be objectively true. The search for such a source is by itself is a very time-consuming and labor-intensive business not even mentioning its potential costs. And that is not all. Knowing how to make sense of that data, its proper perception, and understanding requires a solid economical and financial background and experience. At the end of the day, becoming an expert in fundamental analysis, the trader can easily sort the trading zones and trade only the ones that are confirmed by a decent fundamental trigger. 4️⃣ Key Levels Us retail traders unfortunately don't control the market. There is an average of $5 trillion flowing in and out of the foreign exchange market every single day! And the majority of this trading volume comes from the big institutional players such as banks & hedge funds etc. Therefore, it's important to know where these big players are buying/selling & why... When analysing you pairs, you'll often see that price will naturally be magnetised to specific key levels. For example, key whole round figures that end in 0's & 50's such as 1.5000 or 1.5500. These are called psychological levels which the institutional market participants like to trade around purely for ease of mind. These levels on various pairs have stayed the same for decades and for many years in the future and is one important form of a key level. Trading these key levels will allow you to find great liquidity zones, rejection areas and break + retest setups.
Education
by NimmoCapital
NQ Power Range Report with FIB Ext - 10/26/2021 SessionContract - CME_MINI:NQZ2021 - PR High: 15543.50 - PR Low: 15523.75 Evening Stats - Gap: = N/A - Session Open ATR: 212.62 - Volume: 24k - Open Int: 240k - Trend Grade: Long - From ATH: -0.5% (Rounded) Key Levels (Rounded - Think of these as a range) - Long: 15819 - Mid: 15247 - Short: 14676 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQZ2021Long
by mv3trader5