Get started

Scalping

AUDUSD reversal at 23.6% RetracementThe 4H retraced to the 23.6% fib and provided a hammer which is why I wasn't hesitant to sell, even beneath the trendline. Upon the 4H close and hammer. Price immediately progressed bullish to create a strong higher high, broken correction trendline, as well as ADX mixing in to provide confluence. Intraday the 1H timeframe is a clear opportunity to go long on this pair to at least its -27% target. or the 61.8 Major fib retracement. I believe that this pair is still in an overall downtrend until its creating daily higher highs and higher lows.
Long
by DesharedPierreJr.
1
Long Scalp on ETHAfter the daily made a bearish push to the downside I wanted to see how price reacted to the 38.2 prz level. on the 4H, a hammer on top of the 38.2 fib as well as support. Breaking things down to a lower timeframe I had a correction trendline drawn from the latest swing highs. Price had broken the correction trendline and began up trending on the 15min and 30min chart so i bought with my stop loss being below the 30min low. take profit at -27.% from that 38%.
BITSTAMP:ETHUSDLong
by DesharedPierreJr.
1
🛢️🚀 Fueling the Bullish Fire: USOIL Buy Signal Ignited! 🛢️Attention traders! We have an exciting opportunity on the horizon as we unveil a compelling bullish setup on USOIL, unfolding on the 15-minute timeframe. Get ready to ride the wave of optimism and seize the moment as price forms a bullish bat pattern, a powerful harmonic formation renowned for its success rate. But that's not all! Recent news regarding oil has further bolstered our bullish thesis. With a significant drop in crude oil inventories, the fundamental landscape aligns with our technical analysis, providing an additional tailwind for the imminent rally. Our focus now shifts to the Potential Reversal Zone, a critical juncture located around 71.20. This zone marks the perfect springboard for a strong bounce, presenting an excellent opportunity to catch the anticipated rally. Keep a keen eye on price action, as the formation of a bullish candlestick will signal the green light for our buy entry. As we set our sights on profits, it's essential to identify key levels. The initial target lies at 72.50, where price is expected to revisit and potentially find resistance. Beyond that, the journey continues to our ultimate target of 73.50, where further upside potential awaits. To add an extra layer of confidence, the RSI indicator validates our buying thesis. With the RSI strongly oversold, we're entering an attractive zone for potential buyers, further reinforcing the robustness of this setup. all eyes on the PRZ, keep your sight on it and see price reaction So, get ready to fuel your trading engines and embrace this bullish opportunity in USOIL. Feel free to share your toughts in the comments section, and don't forget to press the like button if you think this insight was helpful !🛢️🚀💪
TVC:USOILLong
by Thomas_Zito
4
My simple 1 minute strategy (tutorial) My super simple 1m chart hyper scalping strategy that has been killing it for the last couple of weeks .. enjoy. Whats up gold gang .. thought id hop on here with a tutorial on how i trade my key levels on the 1 min chart. Firstly, this is a no bias strategy .. so we can take buys or sells depending how price reacts at the levels. High volume is a must here so around market opens is best. 1. Let price hit the key level. 2. if price is breaking through, wait for a 1 min candle to close and enter in that direction. 3. 10 pip TP 10 pip SL (or as close to the top of the previous candle as possible) 4. SL to BE if you like and hold for runners to target. I like to come out fully at 1:1 5. reversals .. price must print a candle in the opposite direction engulfing the previous. Enter on the break of the previous. 1:1 thats it. Super simple. It sounds dumb and too good to be true but i have been collecting the data and its working so far. I cant post a chart example on the 1m time frame to show you but ill post elsewhere so you can see. Try it yourselves with low lot sizes and see how it works for you. If not, you can trade the way i normally do waiting for 30m candles to close in the zones. Have a great holiday weekend .. please like this and comment if you need further help. Dont forget to follow along for constant XAUUSD updates tommy
OANDA:XAUUSDEducation
by tommyXAU
8
US30 (Week of May21st)The previous idea for US30 still holds. I will still be looking for buys to the upper supply area for temporary or major sells.I will be looking for minor breaks of structure then a retest of the current demand zone to continue higher. I would prefer to get this entry at my trading session (New York), but if price moves up without me, I will look to take sell positions if market presents it self for that condition. Updates will be provided later. Good Luck!
ULong
by TheDream20
Believe in the Gods! -->🔱--< But do not count on them for help Dollar Bulls Take the Win? We have dropped below our Last Daily Zone at 1.09219. I have been talking about dollar bulls Since we had FOMC data coincide with our extreme highs at 1.1095. A Coincidence? I thought this may be Suspicious! And it turned out that way. That was a good tell for the beginning of this descent. FOMC was last Wednesday and dollar bulls have blessed swing traders with 190 Pips in 1 Week. Everyone says EU is Weak in comparison to the # of pips it gives to most other pairs... It Doesn't give that much , heh 😉. It Respects level's very nicely! Very clean price actionnn. From a Technical Standpoint.. As Long as we stay below 1.09211, only sells for the rest of week. The Price I like are 1.0897 as the next Pit stop. Ultimately with Friday's daily candle I'm liking 1.0866 Weekly Level as mentioned in previous publishing's. Also I like the Daily level just beyond that at 1.08535. As long as NY and our last remaining 4Hr Candle prints below 1.09219, Sells are fantastic. I would prefer that we waste no time and close below 1.09112 4Hr zone. Trading : Trading today went quite well. Looking at my data.. my Thursdays are typically good. --<< I've seen that remark impact my trading psychology before. The brain is a wonder. Managing trading psychology is a large part of trading. Given that I am profitable, I still cut my winners a bit short sometimes. Why? Out of Fear. Complicated.. But for now we must stay consistent and discplined to the system. the trading plan. 3 Setups today.. The First one I ran because i was scared and closed for B.E. It would've been a nice +5 Pip scalp. The Second was a great. Just closed a little early. The third was a great! Closed a little early once again. I can complain because green is green. Profit is profit and we must learn and move onto the next day. On Thursday's.. 1. The Market sets itself up early in the week. By the time Thursday comes around, the weekly candle is ready to extend itself in the preceding direction from Monday/Tuesday Etc. 2. New and Struggling Traders are Tired and Exhausted from trading since Monday. They begin to make mistakes and become sloppy with their execution. Leading to larger losses than are necessary. I have been there.
Short
by ShrewdCatfx
Would like to be proven wrong Bulls! Eurusd 💶We have printed two Bullish Monthly Candles back to back. The first week of this current monthly candle for May 23' has closed as an indecision candle. I am gravitating towards the Bull side but would not be surprised to see more of a sell off after the May FOMC decision The FOMC decision to raise rates by 25 basis points coincided with our extreme highs of the Year around the 1.105 Weekly Level In a way I want to be proven wrong on the Sell Side for EU. I want to see Buyers stay strong around our extreme Highs here in the 1.10's and not be phased by a short term descent in price as FOMC price action settled after the initial announcement. I would like to see buyers at 1.09718 and 1.09480 Daily Level's be taken out before any more of an ascent occurs. The Price I'm looking for is 1.09176 Daily Level. To begin the week before CPI data on Wednesday I will be looking for price to pullback but will be happy if proven wrong instead with price displaying a quick ascent back to 1.1095 and beyond with CPI numbers.
Short
by ShrewdCatfx
5 Tips on How To Survive a Losing StreakIf you can handle a losing streak well; you are better than 75% of traders. So here are 5 tips on how to survive a losing streak : 1. Don't trade smaller - Very controversial opinion. If you feel too much negative emotions to trade then - don't trade. Take a break for a few hours or days. But if you reduce the position size then it will be much harder to get back on track. Let me give an example: You lose 5 trades all with 1% risk. You are now down -5 RR (Risk to reward) = in this case -5% on your account. If you now reduce your position size and take 0.5% risk per trade. You would need to make back 10RR to get to your initial balance. This can be very demotivating. So trust your system en keep on trading as you planned it. 2. Don't focus on the outcome of one or a few trades . It is a statistical fact that you are going to have losing streaks some times and it's important not to take it too personally. The market isn't out to get you. Try to detach emotionally from the trades and focus on the bigger picture. Focus on things like: did you follow your rules and strategy? If you did - then you did all you could and there is no need to talk down on yourself. 3. Learn from your mistakes - mistakes are opportunities for growth. You can do this by always documenting and analysing your trades, eventually you may see a pattern in your losing trades. For example, you may see that the trades you make during London session tend to hit your stop loss. Sometimes a little tweak is all you need to give you the winning edge. 4. Take a break and go for a walk - clear your head and get some fresh air. It's amazing what a little bit of sunshine and movement can do for your mood and perspective. It also makes sure that you don't do stupid things to make back the money you just lost. 5. Don't give up - every trader experiences losses at some point. It's important to stay motivated and not let a losing streak discourage you. Keep a positive attitude and remember that tomorrow is a new day with new opportunities. The psychological side of trading is the hardest but most important one. Without the right psychology in place you can never be successful. Let me know what you think and I wish you all a successful day.
COINBASE:BTCUSDEducation
by yorick7878