Market Overview Part 7!Me Going Over My Mindset And Strategy To Take You In To My World On How I Trade!
Marketstructure
Market Overview And Showing Off My Live Account Part 6Me Going Over My Full Strategy In Deep Detail. Plus Live Account Too
Quick Market overview Part 5 Me going Over My full Strategy In Deep Detail And How I Am Able To Trade From Anywhere!
Could we have bottomed early?Local maximums don't tend to follow the pattern of respecting overextensions like minimums do. This is mostly based on the positive bias people have of the future. Seeing a close this strong is a strong enough sign for the indicator of short term trend to become positive. If this is true then we should start pushing to new high, but if the market does so it risk overextending again but with the coming elections one could expect for the incumbent party to try to inflate stocks to have strong image heading into the polls. But by doing so it creates a high risk of over estimulation which could result in a time of euphoria followed by a crash. It's been 4 years since the 2020 crisis. The mode for recessions is every 3 to 4 years. If technicals begin to overextended and fundamentals to keep up, we might be headed to a new crisis. Technicals need to reset before going forward.
Possible entries to a Liverpool LongThis seems like a great buying point, looking at all the technicals, it would be hard for price to keep pushing down. However, the moving averages do tend to work as resistance and support, so it could be possible for price to drop there. However, It's unlikely price will continue to move down by much. And if so, price is likely to keep on rising. As this company has proven to be a go-to store for Mexicans looking for presents during the holidays, special events, sports gear and many others. Despite big competitors, this brand has lasted the test of time.
ROSE - Selling the TopWe have two setups here in either direction we have been screening ROSE and ONDO for quite a while now and we want to bid both this short and the long. We let those things run over the night, therefore we play it with a hard stop.
On ROSE we have been ranging for quite a while and we finally broke out and cleared out the imbalances that have settled on the sell off candle on the 12.04 the supply needs to be flipped in order to be bullish. Even tough BTC seems to hold it's level nicely we think this daily supply is too much for ROSE to flip. As a target we are eying the POC at $0.0927 but we are going to take profits on the way down.
You will find ONDO here -
ONDO - low time frame setupOn Ondo on the other hand we are looking for long setup on the lower time frame. It seems as ONDO is topping out on the lower time frame and even with other coins pushing ONDO has some problems following other alts. If the trendline is getting lost, as we anticipate, we could witness a quick sell off into the FVG 2H. We want to bid mid FVG with the support down below. Stop loss is right below the support zone and the target are the current wicks but it could continue even higher.
ASIR.N0000📈 Stock ASIR closed at 23.9 on 31/05/2024
🔹 Resistance Level: 25
🔹 200 EMA: 24.8
🔹 Last Friday's candle: Pin Bar
The recent pin bar candle suggests a potential reversal, with the 200 EMA acting as a significant resistance level at 24.8. Keep an eye on this stock as it approaches the 25 resistance level.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
MARKET STRUCT USING ICT CONCEPTThe Inner Circle Trader (ICT) concept in trading, developed by Michael J. Huddleston, offers a comprehensive approach to understanding and navigating market structure. ICT emphasizes the importance of market structure, which refers to the organization and arrangement of various market components, such as support and resistance levels, trends, and price patterns. This approach involves identifying key levels where institutional investors might be placing orders, understanding liquidity pools, and recognizing the behavior of smart money. By focusing on these elements, traders can better predict market movements, identify high-probability trade setups, and manage risks effectively. The ICT methodology combines technical analysis with a deep understanding of market dynamics to provide traders with a robust framework for making informed trading decisions.
Median Lines and Finding the Right Path When it comes to learning about markets and trading, finding the right path and committing to it is the hardest part. The right path has little to do with any technical analysis method. It has to do with structuring our mental framework so that we fundamentally change how we experience markets, trading, and loss.
In the video, I show some Median Line and Action/Reaction work but this work is useless by itself. No tool is good or bad, they are just tools we use to comprehend markets. The problem arises when the tools start using us and we think there is some kind of magic to them.
The essence of our strategy should be to structure our methods and mindset towards functionality. The journey we should commit to is one marked by fostering accountability and responsibility in all our actions. The swing trade Idea I show, takes method and structures it into function.
Shane
NIFTY 660+ Points GainAfter a massive week of 660+ points gain, NIFTY has given a SHORT opportunity yesterday.
Days of volatility, guys! BIG money. Everybody is talking about the co-relation of election results.
And why not, market being driven by fundamentals in full power and josh.
A big move is still pending, I dont know if thats gonna happen on Monday 3rd June, 4th June or 5th June. There is a possibility of big gap-ups and gap-downs on these days, specifically.
So, BTST traders, you better watch out and be careful. Risk management is key.
Also, position sizing needs to be watched. You would not want to go in big with a hope to capture big move, only to witness a rude reversal.
NO POSITION IS ALSO A POSITION!
So, be careful, and enjoy the fireworks, gonna start any time now.
GOLD is gaining momentum for sell!!!Based on higher time frame analysis, it is observed that Gold is struggling to move higher. It is now caught in a downward spiral as it closes below the EMA's and is slowly gaining momentum in lower timeframes like M15.
I believe we might experience a significant downward movement in the market.
Trade at your own risk!! this is not a signal service but my analysis on the market
NOTE: High alert new for FOMC so be careful
Stop Loss =2370
Profit Target = 2292
Follow me for more breakdowns!!
Thank you
Bitcoin - all you need to know nowSome of Mt Gox Funds (MT Gox funds refer to the assets held by the bankrupt Bitcoin exchange Mt. Gox. Once the largest Bitcoin exchange in the world, Mt. Gox declared bankruptcy in 2014 after allegedly losing millions of Bitcoins to a hack. The remaining funds are now being managed to repay creditors.) have been moved overnight, not the first time we've seen this happen this and the market react temporarily poorly to it.
Definitely something to be wary of but not something to panic about for now. The tensions in the middle east and the tensions between china and vietnam are definetely something that could shake up the market even though I am fairly sure that this is not something China is about to do but more of a distraction for something...
My feed on X this morning are mega bearish that funds are being moved once again. Twitter has been shocking the past couple of weeks, value there remains minimal. Try to refrain from reading stupid takes and stick to the news etc.
Will see how we trade today following New York Opening after holiday weekend.
Looking at the chart itself, we should be holding the demand now because we got the COS with the surge yesterday evening. We broke the supply and sell off with the news. Now it is decision time for BTC to either hold this level or find it's support somewhere deeper. We will see 🫡
XAU/USD Monday Trades ReviewToday's Trade Summary 📊
2x Trades Taken (1x Win & 1x Break Even) 📈
EUR/USD failed to gain enough momentum when the NY markets opened, so we closed for break even to protect our profits. XAU/USD (Gold) hit TP 1 for a 98.5 pips move, with all profits taken off the table at this time of writing, equating to a 1:1 Risk Reward gain. 💰🏅
I still expect XAU/USD to move to the upside, but I'm always a fan of securing the profits and being risk-free. I had 10% left in the trade, and I prefer to exit completely, enjoy the rest of the evening, and protect my psychology with a clean win to head into tomorrow's trading day positively. 📊😊
Hope you all had a great day and will catch you in the AM for tomorrow's trades. 🌞
Capital Club Team 💼
Bitcoin - scalp ideaOur short-term take on Bitcoin focuses on the approach to the 4H supply zone and the high volume node area. We have set our stop loss just above the supply zone to manage risk effectively. The target is set at $67,350.
As we approach this critical level, we need to observe how Bitcoin reacts to the lows. There is some uncertainty in the market at the moment, so it is essential to be cautious with trades.
Stay alert and monitor the price action closely. Let’s see how this plays out. 🤝
OP LongAfter a long wait, I am currently waiting for this pair to give me my confirmation for a long position.
Price already in my area of value, just waiting for the market to tell me to get in on a Buy.
Buy bias for the coming Months.
Hello Friends!
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**First Scenario - Long:**
Initial Target: $3.3
Entry: $2.4
Stoploss: 2.2
**Second Scenario - Short:**
It's already tested at $3 in price.
Less probability of going down, but if you're shorting, double-check your stop loss.
In a general bear market, prices can drop to $1.8 or $1.6 if they go below $2.2 level.
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Take into consideration:
Holders have been rising since the start of the year.
Psychological Resistance at $4
Psychological Support at $1.8
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NFA
DYOR
Good Luck!
⚠️Caution: Just because I've set my buy and sell position Settings or drawn direction lines on my chart doesn't indicate I've opened a position or am obsessed with a particular bias. This is only a forecast; I don't trade when the price reaches my level; I have rules of engagement. Perhaps the most crucial element is 🆘RISK MANAGEMENT🆘.
Polkadot - higher time frame setupWe are looking for a higher time frame play on DOT. We believe the recent setback provides a good opportunity to place our first entry. If the price drops further, potentially due to news or other factors, we plan to place a DCA (Dollar-Cost Averaging) bid below the current daily demand zone.
The daily demand zone should hold; otherwise, the bullish count would be invalidated, and we could see lower prices. The target is not specified yet as we are waiting for the market to show us potential levels.
From the chart, we can see the following key points:
- The daily demand zone around $7.17-6.88 is crucial for maintaining the bullish structure.
- The next significant resistance lies in the daily supply zone between $8.58 and $9.11.
Let's see how this plays out as the market evolves. ✅
INJ - strong looking coinINJ looks strong as hell but I am going to take 25% out here as we still can't flip this 24 Q1VAH level on BTC and there is nothing wrong with taking profits 😉
If BTC flips this level we should pump hard but as far as as we didn't there is a chance for a sell off.
New Strategy Testing Consolidation HypothesisIf you see previous trades in this account, you'll notice this strategy has never been used before. This strategy consists of new indicators I created through my own research and back tested it using Yahoo Finance Data. Today I finally coded the indicators into tradingview, however I will not be sharing the code.
Basically, the indicator is reading the trend as it currently is. Determining it's a bullish trend if the blue line is above 0 and the opposite is true. Once the blue line reaches the limits, then it's considered a local minimum or maximum. These however are not always activated, so it's up to the user to determine if the movement is way too close to the limit and therefore should close the position.
However, it can also be possible that a strong trend causes many consecutive maximums to appear. It's up to the user to determine if the maximums are just part of a strong trend or actually a maximum. This exception happens more on the upside than the downside, making minimum signals more reliable.
Looking at how the SPX has behaved and seeing it come out of a slump and with the elections coming up it would seem reasonable to see investors skeptical about the future. Whoever wins the election will have a heavy impact on the price action, however, I doubt investors will make up their mind until then. Therefore, it's reasonable to assume the market may stall before continuing its growth. Also allowing the technicals to reset for a healthy bullish setup for the long term.
Warning: This is the first live test of this strategy!!
Estimate time for price to increase :
1months-6 months
Expect price to stall within the drawn range. For the following weeks
I don't expect any mayor price movements until the elections, unless a sudden international event happens.
XAUUSD ANALYSIS FOR MONDAYour last prediction for gold xauusd was perfect as we stated once it breached the 2397 it touched both 23408 and 23420 targets.
next week we find a strong rejection in 2419-2422 area if the target is breached the gold will fly to next resistance of 2434 and 2445 . and if rejected from 2419 we can find a down fall to 2376 by following supports in 2397 and 2382.
BULLISH TARGETS : 2397 ✔️✔️✔️
2408 ✔️✔️✔️
2420 ✔️✔️✔️
NEW BULISH TARGETS : 2434
2445
BEARISH TARGETS : 2397
2388
2382
2376
#XAUUSD #SINGNAL #FOREX #ANALYSIS #CHART #MARKET #TRADE #TECHNICAL #CANDLESTICK #GOLD
Aggregate Rate of Return All 401(k) PlansThe purpose of this chart is to show how retirement funds are drained once returns reach 20%.
The reason this happens is because the purpose of the 401(k) is to prevent working people from ever reaching anything that resembles financial independence.
From the time we begin our careers to the time that we reach retirement age, we are CONSTANTLY told that if we do NOT use the 401(k), we are "leaving free money on the table".
But look at the chart.
The reality is: retirement funds get drained, people lose their life savings ('08), and big institutional funds (supposedly fiduciaries) get bailed out, WHILE YOU LOSE EVERYTHING YOU WORKED TO BUILD.
All I'm saying is: if you work with a "financial professional", you have a right to ask questions. You have a right to seek answers. You have a right to know what THEIR plan is for YOUR money.
Look at the S&P 500.
Ask your advisor: What causes these massive drops? Why does this occur? Am I protected?
I will build on this in my subsequent chart publishing.
STX - both entrys filled ✅This surge needed to correct at some point either we are going down now or we are pushing up a bit before correcting either way we should be falling in the near future and we want to place two entrys here on STX. The first entry is on the 4H FVG and the second DCA entry on the edge of the demand down below. We are using the same hard stopp on both entrys and the same target, the 12H supply zone. This target is just the first very big resistance you can hold it longer or close it before that. As always please try to think by yourself when trading and adopt your trading style and risk management to it.
Bitcoin - ready for possible setbackJust in case we are getting a pullback on BTC we want to have a limit order in place. We want BTC to retrace to the 2H FVG which is sitting on the MDay-High Range and just above the 2H Supply Breaker. Also with the volume profile next to it it should have enough momentum to hold this level at around 63.5-63k
