HINDALCO - LONG TERM ANALYSISHINDALCO is moving in a SYMMETRICAL TRIANGLE
A good opportunity in HINDALCO either we for long / short by seeing the break out accordingly...
For the time being wait and watch.
Follow the levels, I have given above chart
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Marketstructure
ANOTHER USDJPY SHORT- MONEY PRINTER IS LOADING AGAIN !We are seeing clean bearish momentum for this pair. Excellent and clear market structure of lower lows and lower highs.
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
EURUSD: LET'S LONG AGAINWe just saw clean bullish momentum for this pair!
Now looking for trend continuation to take a long trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bullish trend change on 15min and ATTACK!
This is looking like a very yummy LONG!
Follow and Stay tuned my friends ;)
CANNOT WAIT TO SHORT USDJPY AGAIN! GET THE MONEY PRINTER READYWe are seeing clean bearish momentum for this pair. Excellent and clear market structure of lower lows and lower highs.
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
BTC - Stuck Inside A Range, Again ❗️Hello TradingView Family / Fellow Traders,
BTC has been hovering within a range , taking the form of a symmetrical triangle.
📈 If the triangle breaks to the upside , confirmed by an H4 candle closing above 44,750, we anticipate a bullish continuation, targeting the resistance range up to 48,000.
📉 Conversely , as BTC approaches the lower bound of the triangle around 41,000, we will be looking for short-term buy setups on lower timeframes, targeting the upper bound of the triangle.
For now, we wait! ⏱
Which scenario do you think is more likely to happen, and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
GBPCAD: READY TO SHORT SOON!We got a confirmed bearish trend change for GC (2 LL and 2 LH is what I look for to ensure I do not fall for the trap of a fake trend change!)
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
EURUSD: ALMOSY READY FOR LIFT OFF! GET THE MONEY PRINTER READYWe just saw clean bullish momentum for this pair! Such A BIG JUICY... BULL CANDLE and continuation after the FOMC!
Now looking for trend continuation to take a long trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bullish trend change on 15min and ATTACK!
This is looking like a very yummy LONG!
Follow and Stay tuned my friends ;)
ALMOST READY FOR GBPUSD LIFTOFF!We just saw clean bullish momentum for this pair! Such A BIG JUICY... BULL CANDLE and continuation after the FOMC! We have also aligned bullish on the daily, 4H, 1H timeframes.
Now looking for trend continuation to take a long trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bullish trend change on 15min and ATTACK!
This is looking like a very yummy LONG!
Follow and Stay tuned my friends ;)
RNDRing a Bullish Impulse 🏹Hello TradingView Family / Fellow Traders,
📈 RNDR has maintained an overall bullish trend , trading above the red trendline that serves as a non-horizontal support. Currently, it is undergoing a correction phase and is approaching the trendline once again.
Moreover, the zone between 3.8 and 4.0 is a robust support level.
🎯 Therefore , the highlighted red circle represents a significant area to consider for potential buy setups, as it marks the intersection of the blue support and the red trendline.
📚 As per my trading style:
As RNDR approaches the red circle zone, I will be actively searching for bullish reversal setups to capture the next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
GBPUSDAs a student in the financial markets, learning about the market is interesting and it's a long journey to begin with. GBPUSD having a accumulation, manipulation and now waiting for a distribution. Will GBPUSD make a move early next year along side with USA rate cuts? Let's see what year 2024 lead us to
I don't post much as I'm not a signal provider nor a financial advisor. But one thing is that learning how the market behaviour, reactions and structure, it's simply interesting to me. If you have any thoughts on GBPUSD, let me know down the comment area, let's discuss about it.
This will be my last post and trade of the year 2023 holding it till next year 2024. Wishing you guys out there trade safe and happy new 2024.
BTCUSD Weekly UpdateWe need to break above 44-46 to go higher.
● Below 40K we nuke to 38 and potentially flush to 34K.
● Whales are de-risking here, they are still net-long but potentially sell the news event.
● Alts going up where BTC is ranging is not healthy.
● If BTC goes down, Alts could nuke, so make sure to take profits on Alts because there is a good chance they go lower.
As mentioned I am cautious about January but bullish 2024 Crypto. So remember markets can experience strong flushes in bull markets and your alts can go 50% down in a day.
Welcome to the last cycle, good luck.
Waiting for a JUICY short on EURCAD...YUMMY!We saw huge bearish momentum for this pair on Thursday and Friday.
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement and price coming into the fair value gap- then we look for a bearish trend change on 15min and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
Shipping is a strong indicator!Shipping can be used a leading indicator to gauge where the market as a whole is going. Just like the XHB the home building chart, I don't trade this. I only use it a guide to get a into the drivers of the market. If shipping is up, then the markets will follow, is building up, so too will the market.
As we can see, shipping made a low last year in September and has made higher highs since then. we now just wait and watch the indicators for bullish crosses that seem to be building upward. A Stochastic cross above the 20 on this 3 week chart is what we are looking for and is considered bullish. Same with the MacD, we are looking for the beige line to cross the purple line. Once these happen on the three week we will then change to the monthly and look for the same.
The moving average I'm using is the CM_Ultimate_MA . Price action moving above this line and turning it green is a very positive move as well.
Once again to be clear, we have an up trend in the shipping, if it continues then the recession is likely over and the markets will move along with it. It will be even more likely on the monthly confirmation of price action and indicators.
I will link the XHB home builders chart I did last year down below.
Best regards in 23
WeAreSat0shi
EURUSD: LOOKING TO GO LONG LADIES AND GENTS!We just saw clean bullish momentum for this pair! Such A BIG JUICY... BULL CANDLE after the FOMC!
Now looking for trend continuation to take a long trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bullish trend change on 15min and ATTACK!
This is looking like a very yummy LONG!
Follow and Stay tuned my friends ;)
CANNOT WAIT TO SHORT USDJPY AGAIN! YUMMWe are seeing clean bearish momentum for this pair. Excellent and clear market structure of lower lows and lower highs.
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
GBPCAD: GET READY TO SHORT!We got a confirmed bearish trend change for GC (2 LL and 2 LH is what I look for to ensure I do not fall for the trap of a fake trend change!)
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK!
The 50% retracement and 8Hr FVG are in line with previous support turned resistance- thus adding another confluence on this trade.
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
ETH - Wait For The Bulls 🏆Hello TradingView Family / Fellow Traders,
ETH has been overall bullish trading inside the rising channel in blue, and it is currently in a correction phase retesting the lower bound / blue trendline.
Moreover, it is approaching a strong support zone 2150.0
🏹 So the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the red support and lower blue trendline acting as a non-horizontal support.
📈 As per my trading style:
As BITRUE:ETHUSDT approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
#AUDUSD possible bearish moveIn the daily timeframe chart, you can see that we have a bearish channel which the price reached a few days ago, and since then, it has been trading lower.
Due to this bearish move, price managed to break its bullish market structure in the 4-hour timeframe, and now the 4-hour market structure is bearish.
On the other hand, this recent bearish impulsive move makes us believe that the price can potentially go lower, and as a result, we can wait for retests and bullish corrective moves to participate in the market by taking short positions.
For now, we are waiting for the price to retest its broken level , which previously acted as support and now would act as resistance.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
AudJPy keep moving up to get BSL.Looking for Impulse Up.
AudJpy taking Equal lows SSL and we have trend line buyers too. We will get in lower TF. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you/ give better knowledge. If you have any question ask me in comments.
Learn & Earn!
Wave Trader Pro
A guide to Profitable Scalping (why waste a price action)In the world of trading, many participants find themselves constantly waiting for the perfect confirmation for swing positions or entries, often missing out on the rapid movements that characterize financial markets. This is where the art of scalping comes into play, a strategy vastly different from swing trading, yet equally, if not more, compelling for those who master it because it offers way more opportunities to make money. In this blog post, I'll guide you through the essentials of becoming an effective scalper, focusing on market structure theory, the significance of Break of Structure (BOS), and the nuances that set scalping apart from swing trading.
Understanding Market Structure Theory
To excel in scalping, one must first be well-versed in market structure theory. This theory is the backbone of understanding how markets move and why they behave in certain patterns. It involves analyzing price highs and lows, trends, and ranges to predict future price movements. For a comprehensive understanding of market structure theory, this resource offers an in-depth explanation, it's not complete, but the best one freely available so I suggest you understand the content properly.
www.youtube.com
The Role of Break of Structure (BOS)
A critical concept in scalping is the Break of Structure (BOS). When we observe a confirmed BOS to the upside or downside, it indicates a significant shift in market sentiment. The order block that caused this break becomes a focal point of interest. This is because, in the realm of scalping, these points often act as magnets for price, offering high-probability entry points.
Capitalizing on Order Blocks
Once a BOS is identified, scalpers must pay close attention to the order block that instigated this shift. When the price returns to this order block, a reaction is typically expected. This reaction is the bread and butter of scalping. Unlike swing traders who seek to capture larger market moves over extended periods, scalpers thrive in these quick, precise moments.
Scalping vs. Swing Trading: A Different Focus
The primary difference between scalping and swing trading lies in their respective focuses and timeframes. Swing trading involves holding positions for several days to weeks, aiming to profit from substantial price moves. Traders in this domain often focus on potential targets for a trade, analyzing broader market trends and economic factors.
Conversely, scalping is a short-term strategy where trades last from a few minutes to hours. The focus here is not on the potential extent of a price move but, on the risk, -to-reward ratio. Scalpers typically aim for a 1 to 3 risk-reward ratio, meaning they risk one unit to gain three. This approach requires quick decision-making so it's much more involved than swing trading.
Before we go on to see some examples following are the key things to remember to be effective in scalping
To be an effective scalper, you need to:
1. Develop a proper Understanding of Market Structure
2. Identify High-Probability Order Blocks
3. Master Risk Management: Given the high-speed nature of scalping, managing risk is paramount. This involves setting strict stop-loss orders and having a clear risk-to-reward ratio for each trade.
4. Stay Disciplined and Agile: Scalping requires discipline to follow your trading plan and agility to adapt quickly to changing market conditions.
Examples: Scalable OBs with results.
This happened today: on SPX and NAS100
NAS100:
SPX:
How to pick an order block to trade for scalping:
Entry for Scalping should be between 0.25 to 0.5 level inside the Order Block, you can use FIB tool to get these levels, this is highlighted in the Images above.
1. Do not go above 4h TF for this strategy.
2. Make sure Order block is caused a BOS
3. Notice the time frame of BOS, Pick the Order block in relation to the BOS timeframe.
4. Makes sure Prior to BOS the Order block resulted in FVG
5. Make sure the Order Block is not too big as it will result in greater risk, which I do not prefer.
6. If price does not hit your entry do not chase price, move on to next one.
I want to emphasize here again , the goal of scalping is to capture the small move , not the whole move , so your focus should be one getting 2X or max 3X of your trade once , you do you get out and move on to next one , the good thing about this strategy is you can always find multiple assets where BOS is happening on anywhere from 1h to 4H TF.
Finally, nothing in the world of trading is 100% so it's possible this may not work sometimes, which you should be okay with as long as it works more than 50% of the time. I
n my experience it works more than 80% of the time.
Conclusion
Scalping is a dynamic and potentially lucrative trading strategy that requires a unique skill set, distinct from swing trading. By understanding market structure theory, focusing on order blocks following a BOS, and maintaining a disciplined approach to risk management, traders can exploit the rapid movements of the market for steady income. Remember, the key to successful scalping lies in quick, informed decisions and an unwavering commitment to your strategy.
Like and Leave comment to this post to seek further clarifications if needed.
Happy trading!
EURAUD I Short from resistance zoneWelcome back! Let me know your thoughts in the comments!
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