SOYBEANies - A simple approach to find hidden facts.Here's how I approach the beanies.
It's a simple concept and it "works" over and over again.
But...what do I mean by "work"?
I mean, that this concept (...go by the numbers on the chart) helps me to understand, and to reveille what's obviously, but hidden from my eyes at the first glance.
It's a simple plan what to analyze step by step...from top-down...exploring different types of facts and finally putting them together into a story that makes sense.
That's it...no magic, just pure crafting.
And you can do this too!
Seriously, just start...
P!
Nakedtrading
Oil now at a solid floorKILLED it in TVC:USOIL today. Thought I shorted when it was ready to reverse but I held out and it paid off. Now, I'm not so sure it's gonna just keep falling as it has been. The one thing making me think it might is our very SLOOOOWWWWW transition into clean energy. Cant help but wonder if the recent downtrend stems from things we dont fully know about.....anyway.......
Last time we broke through this level, we hit a support then went back up. Things were different then, though. Remember that when basing support and resistance off historical key levels, times, politics, policies etc...were different. I use them as guides but not precise measurements to trade off.
Lately, I've been using volume profile on fixed and visible range to see where limit orders might be. Been proving rather accurate.
any tips and info on using volume profile with price action are encouraged.
Thank you for your time.
Short w volume profileAdded volume profile to my strategy. From what I know, VPs point of control and/or red lines show where "limit orders" are. Still learning the ins and outs of it, so any help or point in the right direction towards good tutorials on VP(volume profile) on trading view, etc...is appreciated.
EURAUD is my go-to pair cause it normally behaves how one expects it to.
EURUSD bearish momentum weakeningFridays price action suggest that bearish momentum weakening. In coming week I am expecting some consolidation before reversal continuation of a trend. On chart there is two red lines where I am expecting to have consolidation ranges and where stop zones gonna build over the week. Still will take shorts from higher levels like 1.14500 - 1.14600 if I get spikes in to that zone with protective stop above 1.14800 level. On stop hit I will have confirmation that 1h trend not bearish anymore and expecting big move up. Some counter trend scalps as well possible if price gives good levels for entry.
GBPAUD Reaching Major Supply ZoneI have been patiently waiting the entry into this supply zone for weeks - we've finally made it.
Looking for a big push out of this zone and am observing price action for entry reasons. We've been here a few times in the past so I will wait to see where the market finds the orders stacked before entering.
EURUSD Failed to Break Channel, Continuation EURUSD failed to break the trend channel it is currently in - which aligned with a previously broken zone of support which is now turned resistance. Entered on the retest of the broken zone.
Looking to take this trade to the next support zone, and bottom of the channel around 1.1448.
As always:
1. Break of trend
2. Retest the broken zone
3. Continuation
XAUUSD Coming Down for a Retest Previously entered the breakout at 1191.00 and have taken profits at 1205.00 / 78.6% Fib.
Looking for entry reasons once again at 1196.00 which is the the 50% Fibonacci retracement and recent support zone.
We will make a double bottom at 1196.36 and from there observe price action for entry.
Target of 78.6% Fibonacci / 1205.00.
AIONBTC /H4 / TECHNICAL CHARTPATTERN IDENTIFICATION: INVERSE HEAD & SHOULDERS ... PARALLEL CHANNELS
*2 Scenarios - Bullish & Bearish*
*For bullish trigger there must be a close above the neckline of the inverted head & shoulders*