P2P | Backtesting - EURO/USDWelcome ladies and gents to another backtesting segment! In this clip I wanted to show more of the knowledge I've been learning through ICT and how effective its been.
Here in this video I'm (doing my best) to go over trades, time of day, price action, and why I did or didn't take the trade.
(Note: these are just backtest trade concepts, I did not actually take the trades)
I'm usually looking to scalp the markets because I tend to be somewhat impatient but after I started getting more followers asking about certain pairs (that I didn't trade) I felt it was necessary to develop more of my weakness toward swing trading.
I don't necessarily have a weakness in trading, it's more of what I'm comfortable trading.
So here's a bit of insight to what I was seeing and some of the knowledge I picked up from a few ICT videos.
As always gang, happy trading, trade well, and lets run it up from 2023 til infinity!
You can help continue to grow the page by liking and following the channel, and if you get any value from this to boost it too!
DISCLAIMER
***This page is for educational purposes only and is not intended for any financial arise. I am not a financial advisor nor do I manage any other accounts for users. Any trades you take will be of your own doing and P2P will not be held responsible.***
Retest
$LSTR is showing signs of moving higher from its cup and handle!Notes:
* Strong up trend on all time frames
* Good earnings track record QoQ with a few misses
* Basing for the past ~14 months
* Creating a cup and handle pattern on the weekly chart
* The handle pulled back to its 50 day line and used it as support
* It's now breaking out of the handle with higher than average volume on the weekly chart
* Offering an early entry along with a pocket pivot indicating institutional demand
Technicals:
* Sector: Industrials - Integrated Freight & Logistics
* Relative Strength vs. Sector: 1.75
* Relative Strength vs. SP500: 2.32
* U/D Ratio(50): 1.07
* U/D Ratio(15): 1.27
* Base Depth: 34.1%
* Distance from breakout buy point: -5.51%
* Volume 105.58% above its 15 day avg.
Trade Idea:
* You can enter now as it's just breaking out of its handle with higher than average volume
* If you're looking for a better entry you may find one around the 168.5 area as that could serve as intermediate support
BITCOIN STILL LOOKING HOPEFULToday i woke up and just thought let's be bullish on bitcoin for once and so here's the setup. Although i slightly believe that the price currently is at a retest state after the previous level break down and might lead to fall even more, but either ways i'am personally unbothered by what actually ends up happening and this setup is just out here for the record.
-Happy Trading !!!
BANDHAN BANK SWING TRADE SETUPThis right here is a symmetrical triangle which i believe could break to the upside. But regardless we shall see what happens cause the price even break towards the bottom which could result in massive fall due to the presence of a major yearly trendline, but at the end of the day this setup is just out here for the record ( and for fun;) ).
Happy Trading !!!
Can $WSC make new ATHs?Notes:
* Strong up trend on all time frames
* Beating its revenue expectations consistently
* Breaking out of a ~11 week base
* Pulled back to its 50 day line and has been moving higher since
* Offering a low risk entry
* Creating a base on base pattern and pulled back to the highs of the previous base
* Showing recent accumulation
* It's creating a cup like pattern and may pull back after reaching the $49 area to create the handle.
Technicals:
* Sector: Industrials - Rental & Leasing Services
* Relative Strength vs. Sector: 1.27
* Relative Strength vs. SP500: 1.68
* U/D Ratio(50): 0.61
* U/D Ratio(15): 1.1
* Base Depth: 12.15%
* Distance from breakout buy point: -2.35%
* Volume -12.69% below its 15 day avg.
Trade Idea:
* You can enter now as it's still moving higher, close to its 50 day line and offering a low risk entry around a support level.
* If you're looking for a better entry you may find one around the 47.6 area or the 46.9 area.
Is $ATKR ready to head higher?Notes:
* Very strong up trend
* Great earnings QoQ
* Basing for the past ~9 weeks
* Forming a cup and handle in this period
* Incoming volume
* Offering an early entry as it's still close to the 50 day line
* More buyers in the market recently
Technicals:
Sector: Industrials - Specialty Industrial Machinery
Relative Strength vs. Sector: 3.0
Relative Strength vs. SP500: 4.72
U/D Ratio(50): 1.19
U/D Ratio(15): 2.47
Base Depth: 81.04%
Distance from breakout buy point: -2.92%
Volume 7.67% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to its 50 day line and is breaking above the resistance level of 123.53
* If you want a better entry you may be able to find one around the broken resistance area if it's retested as support.
* Or if it does pull back you may be able to find a better entry around $121.72
BTC: MORE DUMP AHEAD!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update. In my previous BTC update, I clearly mention that BTC is at resistance so do not hold your longs and book profits in your long position. Hope you guys listed and save yourself in this dump.
Now, what's the next possible scenario from here?
BTC is forming an ascending broadening wedge-like structure in 2hr time frame which is generally a bearish pattern. After breaking down this broadening wedge, it is currently retesting it. So after this successful bearish retest, I'm expecting more dumps from here.
Invalidation:- Break and close above $21.1k will invalidate this bearish broadening wedge scenario.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
ABFRLHello, my dear friends and fellow traders. What we are going to look at today is the ABFRL stock.
This analysis is based on weekly chart. This stock gains support level and breaks the previous resistance level and makes all-time high. There are opportunities to go upside because this support level has been carried the price once again to all-time high
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
BULLISH BREAKOUTADBE just broke out it's huge bull flag looking like it might fill that gap it has next week.
Most breakouts lead to a retest of the previous resistance now support. Looking for a retracement next week to the support area for a bounce back up.
What are your thoughts ? I'd love to have a chat about other high probability setups..
Is $EXTR ready for the next move higher?Notes:
* Strong up trend
* Great earnings QoQ
* Basing for the past ~8 weeks
* Pulled back to its 50 day line and found support around the 18.17 area
* Now coming up on the right side of its base with higher than average volume
* Offering an early entry
* Printed a Pocket Pivot, indicating institutional demand
Technicals:
Sector: Technology - Communication Equipment
Relative Strength vs. Sector: 5.94
Relative Strength vs. SP500: 5.88
U/D Ratio: 0.97
Base Depth: 15.74%
Distance from breakout buy point: -5.99%
Volume 88.56% above its 15 day avg.
Trade Idea:
* Now's a great time to enter as it's just coming off of its 50 day line and also printed a pocket pivot.
* Based on its prior performance, $EXTR can go another ~17.6% from here.
* If you're looking for a better entry you may be able to catch one around 19.3