Patterns
How to trade S/R zones & How to manage positions🙋♂️ Hello Community!
This idea is about "How to trade S/R levels" and "How to manage positions"
📲 Why should you follow me on Tradingview?
-Over 11 years experience with the markets
-Price Action & Market Profile education
-Price Action & Market Profile indicators
-You get my entry levels every day directly to your chart
-Key Value Area / Volume Profile & Orderflow levels
-Supply/Demand zones
-Every day updated and commented ideas
By S/R levels I mean every S/R level you need. They can be Price Action levels, Market Profile S/R levels, Bollinger, MACD, RSI etc. S/R levels work only if you manage your positions properly. If S/R level works meaning the market reacts you should let your positions run. If the market doesn’t react to the S/R level as expected, you should exit the position at a logical zone or break even. The support levels sometimes change from support to resistance or vice versa. In this case you should enter the opposite position when the price touches the level from the other side.
Hope it helps! Like and comment below!
Daily Wisdom 21 - Indicators gauge your feelingsLook at things from a different perspective. Maybe then you will find what you're looking for.
GBP/JPY - Long term buys ideaI explained It all on the charts no need for caption haha . If u have questions leave them on the comment section :)
Daily Wisdom 19 - You are how you trade"Fear is a sickness. It will crawl into the soul of anyone who engages it. It has tainted your peace already. I did not raise you to see you live with fear. Strike it from your heart." - Apocalypto
Daily Wisdom 16 - Track what mattersDaily behaviors leads to results. Too many focus on the results while lacking daily behaviors. No wonder they fail.
BTC will continue uptrend upon support. Target 12,927 - 17,146!Greetings dear traders,
Here's what I see happening on the charts. BTC market has gotten ahead of itself. We are now consolidating and entering back into the "Larger Uptrend Channel". We will still reach our targets or 12,927 and 17,146 after that. It will simply take a little more time if we reside in this channel.
As you can see from the chart, we should find support soon (maybe by the end of the week).
Good luck traders! Many blessings to you all.
Daily Wisdom 13 - Such is the marketO Captain! my Captain! our fearful trip is done,
The ship has weather’d every rack, the prize we sought is won,
The port is near, the bells I hear, the people all exulting,
While follow eyes the steady keel, the vessel grim and daring;
But O heart! heart! heart!
O the bleeding drops of red,
Where on the deck my Captain lies,
Fallen cold and dead.
My Go To Setups/Entries in TradingHi everyone:
Many traders have asked me to give a more in depth look into what a typical setup that I would be looking for, what are some possible entries that I will take.
So I figure I will make an educational video and analysis breakdown on a few trades that fits my trading plan, risk management, and trading strategies/style.
I will go over 3 setups/entries that I usually look for in the market. I will explain what I want to see from price action and structures before considering a possible entry.
Entry #1: Double Top/Bottom
-potential double top/bottom on the higher time frame
-corrective structures forming to push price near the area
-enter the breakout or reversal
Entry #2: Continuation Correction
-break of the higher time frame continuation correction structure
-price formed lower time frame corrections
-enter the reversal, breakout, or correction after breakout
Entry #3: Top/Bottom of structure
-price is at the top/bottom of the higher time frame structure
-price form some sort of correctional structures within the larger structure
-enter the breakout, or correction after breakout
As always, feel free to ask me questions and comments.
Thank you
GBP/NZD sell watchlist This was another trade that i didn't take that was in my watch list and ended up in profit.
LOTS OF RESISTANCE FOR BITCOIN. WHAT NOW?CURRENTLY, BITCOIN IS AT A CRUCIAL POINT. WE DID FIND SUPPORT ON THE LAST ZONE AND GOT THROUGH THE 0.5 FIB LVL. THE 0.5 FIB LVL HAS PROVIDED A LOT OF RESISTANCE AND SUPPORT IN THE PAST WEEKS. BUT WE ARE NOT OUT OF THE WOODS YET. ABOVE US THERE IS A LOT OF RESISTANCE. STARTING WITH THE RESISTANCE LINE 1 AROUND 11500 $. THEN WE HAVE THE TWO TRENDLINES OF THE ASCENDING TRIANGLE, WHERE WE GOT REJECTED THE PAST DAYS. WE ALSO HAVE THE SECOND LARGE RESISTANCE LINE AROUND THE PRICE OF $12000. FINALLY WE HAVE THE LAST RESISTANCE LINE AROUND $12100, WE HAVE NOT SUCCESSFULLY BREAKTHROUGH THIS AND CHANGE IT INTO SUPPORT.
WHAT WE ALSO MUST NOT FORGET IS THAT WE ARE CURRENTLY IN A DESCENDING CHANNEL. THIS HAS NOT YET BEEN BROKEN. WE ARE ALSO MOVING BETWEEN 50 MA AND 200 MA. FINDING AN OUTBREAK ABOVE THE 50 AND 200 MA AND FLIP IT TO SUPPORT, COULD BE POSITIVE. HOWEVER GETTING AN REJECTION FROM THE 50 AND 200 MA COULD GET US BACK TO THE LAST ZONE OF SUPPORT. THIS COULD BE BEARISH IN THE SHORTTERM. THE MORE YOU TEST A ZONE, THE LARGER THE CHANCE THAT THIS ZONE WILL BE BROKEN. IN THAT CASE WE COULD SEE A PRICE TARGET AROUND THE $10500.
ON THE OTHER SIDE IF WE CAN BREAK ALL THIS RESISTANCE. WE CAN EXPECT A PRICE TARGET OF $13,300 TO $14,000. ONLY TIME WILL TELL US.
EURJPYPrice got a big rejection on the top and with a strong bearish pressure. Seems good to take this moment
