Get started

Scalp

XAUUSD W SHORT SCALP AUG 31 2022Lookking at the daily price action, it is evident that sellers are in control of the market and that price is likely to push down. This is therefore the key thesis of this trade, in terms of price action to which determines my entry was the strong push down at 12:30 (+7GMT) and closing below my KL of 1724.86, suggests that this is going to be a strong push to contest with weekly low, as marked by dotted ray line I hope you find this useful to understanding price action
OANDA:XAUUSDShort
by popesalmon
CADJPY UPDATE! 100 + Pips Profit - NextWelcome back! Let me know your thoughts in the comments! **CADJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
9
Enovix / ENVX - A Close ShaveI don't know anything about this corporation, except that one of the services I follow on Twitter was promoting it yesterday saying ENVX is "one of our favorite stocks" and "it's on the move" because something something dealer gamma something something indicators. Of course, this was yesterday right as it was sitting below making a new high and has since manufactured "resistance" with quite the pullback. It really shows you what following these "services" is worth. They're there to encourage you, somehow, to buy when it's high and sell when it's low, but not the other way around. Almost like they're some sort of public relations squad masquerading as a technical indicator. The new high it made happened to be an 8 cent stop sweep on the daily candles. The problem with indicators and other forms of retail-facing "quant" analysis is they're usually lagging and they usually have you looking where it isn't important, thereby serving as a huge distraction and confusing you. I also don't care too much about the "fundamentals" of any stock. So long as it hasn't been rug pulled by the market makers because it's on the edge of public bankruptcy, I believe that the truth of all markets is reflected in the price action and reflected in the price action alone. Right above this pair of August highs is the January 1 high. Since market makers tend to be attracted to the low hanging fruit, like everyone else, it makes more sense that they'd go for it and the $30 big figure before they'd dump beneath the $18 earnings news pump. I think you get a "close shave" fine scalp going long around $21, so long as you get out over $30, and you have to call it quits under $18. It is worth noting that at $22, we're still trading at a premium in the local price impulse, so $19.xx might be where it's at. Although I have mixed feelings about whether it will, and whether I want to see it, break $20 on the way down. What lies ahead for the overall market is not going to be pretty, but in the interim, several stocks will still have some bull impulses before being entirely drug down by a market that gives one the impression that we're amid the real bubble pop recession crash landing. If you go for the scalp, keep your risk low and get cash heavy when you get the chance. Today's action on the Indexes is just a prelude of the "chaos" to come. If you've been getting long at the tops thinking it's time for the New Moon, consider reducing your risk and protect yourself.
NASDAQ:ENVX
by LordWrymouth
EURCAD Detailed Trading Plan! Let's GO!Welcome back! Let me know your thoughts in the comments! **EURCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
11
Quick BTC Long Scalp TradeIf market holds this is a decent counter trade idea and if it is a return to the uptrend it isn't a bad entry. I don't believe BTC is finished correcting but you can see levels on there. I don't expect anymore then that top or the 0.5 level if that. I left my entry on there using and will take profits at each level or reverse the position if I see the market decide to continue it's decline. Might get a pullback to the level I put the entry on this at for anyone to enter. Just use a regular trend entry to it. Only enter at pullback on good volume which is not there right now. There are conflicting indicators as to be expected in this market right now. Each time frame is different. I went with the 15Min cause it had a decent trend and some momentum and I wanted to build a long or be able to use the profits to open a new short. Just make sure it is actually not continuing the downtrend when you do. Higher TF's don't even notice this yet so it is risky. Use a SL and now more then 3x leverage. This is not my normal trade but I saw it at the right time and it might be too late by the time I submit this. -Not your financial Advisor and this is just for fun. This is a risky trade because the overall trend is still down on higher TFs. Please use caution and hope it helps someone and isn't too late. It is almost impossible to get these kind of trades out This is a pullback spot happening now. If good volume could enter here.
Long
by Z3R0-G3N3S1S
2