DOGEUSDT-1H-TREND REVERSALDOGEUSDT is showing trend reversal there are some evidence of trend reversal
There is a diversion on RSI index, DOGEUSDT is also making double top as well these are some good evidence which is showing reversal
Scalping
Scalper, Day Trader & Swing Trader | Choose Your Path
There are thousands of different ways to trade the market.
During the last 100 years, various trading strategies and techniques were invented.
One of the ways to categorize them is to split them by types of traders.
Such a category type will lean on 2 main elements:
trading frequency and time frame selection.
1️⃣ - Scalper
I guess 99% of newbie traders start from scalping.
Trying to catch quick market moves and become rich quick,
newbies are practicing different scalping strategies.
What is funny about scalping is the fact that such a trading style is considered to be the easiest by the majority while remaining one of the hardest in the view of pros.
The main obstacle with scalping is a constant focus and rapid decision-making.
Scalpers usually open dozens of trading positions during the trading session, most of the time being in front of the screen constantly.
Paying huge commissions to the broker and dealing with complete chaos on lower time frames, the majority simply can't survive the pressure and drop, leaving the pie to true gurus.
2️⃣ - Day Trader
Day trading or intraday trading is the most appealing to me.
Staying relatively active, the market gives some time for the trader for reflection & thinking.
Opening and managing on average 1-2 trades per trading session, the intraday trader is granted a certain degree of freedom.
However, with declining volatility , quite ofter intraday traders get a relatively low risk/reward ratio for their trades,
3️⃣ - Swing Trader
Swing trading is the best choice for traders having a full-time job.
Primarily being focused on daily/weekly time frames, swing trading is not demanding for a daily routine and aims at catching mid-term/long-term market moves.
With an average holding period being around 2 weeks and opening 1-2 trading positions per week, swing trading is considered to be the least emotional and involves low risk.
The main problem with swing trading is patience.
Correctly identifying the market trend and opening a trading position,
the majority tends to close their positions preliminary not being patient enough to let the price reach their target.
Which trading type do you prefer?
Let me know, traders, what do you want to learn in the next educational post?
BTCUSDT-TREND REVERSAL-DOUBLE TOPBTCUSDT is showing trend reversal there are some evidence of trend reversal
There are more than one bearish diversion on RSI index, BTC is also making double top as well these are some good evidence which is showing reversal
USD/CAD Bearish Double CorrectionPrice is trading slightly bullish, but from a technical view, we are turning into a bearish bias as a double correction pattern.
Waves/ legs (W) and (X) have occurred we have to look at how wave (Y) unfolds but it can be any corrective pattern. We can look for bearish trades at the current price or wait for the first leg of the correction pattern and trade the last leg, for example with a Zig-Zag you would trade wave C.
GBPNZD-15M-NONTRENDINGGBPNZD is making any bullish or bearish trend in short time frame and respecting support and resistance
idea is if GBPNZD will break the support or resistance our order will be execute on second support and resistance
Bitcoin Scalping Signal for Day Trading🖥️ We have determined there is a 65% chance Bitcoin will Fall from our current entry point.
📉 SHORT - BTC : $25,865 📉
💵 Length of trade: we are expecting BTC to hit a $700 scalp, with a high end of $1,150, and a minimum expectation of $250.
🕰️ Duration of trade: we are expecting the minimum profit target to be hit within 2 hours. Then we see the rest of this trade playing out until NYC market open.
BTC BITCOIN SHORT IT SEEMS SO EASY.... but will it happen
low volume
money flow going down
lets do it... another short incoming
EUR/GBP Price Trades In A Double CombinationPrice is trading in a correction phase, we are in a double correction/ combination where all the waves or legs are correction patterns it can be any correction pattern but waves W and Y cannot be a triangle pattern. Price is currently on the wave A of wave Y sub-waves, we are in a bearish impulsive phase I don't expect any pullbacks as of yet.
EURNZD-15M-Sideways EURNZD is trading on sideways, trade plan is we have 2 entries on resistance 2and support 2, through buy stop and buy sell, if any of the SnR will break our entry will be execute
risk is 1% on each trade and total risk is 2%
AUDCAD-1H-SIDEWAYS/NON-TRENDING AUDCAD is trading on side ways, we have put 2 order stop buy and stop sell on resistance and support respectively total risk on each trade is 2% of total portfolio and 1% on each trade
Lets see how Algo would like to move - Setup Hello guys - use low margin with your own RISK MANAGEMENT.
what I see this is not the last high so it can keep going up but our sight must be SHORT
US500 - Short - RR3Smart Money Concepts
During the london killzine (2.00-5.00 ny time) a draw on buyside liquidity took place. The draw on liquidity took out the previous high and formed a bearish market structure shift.
As a result of taking out the previous high and forming a market structure shift, a bearish breaker block has formed. Due to the strong bearish momentum, a bearish fvg has formed.
There's a difference between an imbalance and an fvg. We only take an entry on an fvg combined with a breaker. An fvg is a 3 candle formation that has formed immediatly after a draw on liquidity.
The overlap between the breaker and the fvg is our point of interest to take an entry. In addition, a bearish orderblock has also been formed, which will serve as a last line of defence for our stop loss placement.
As an extra confluence to the above strategy, at least one of the conditions below must be present as well (not all of them are required, one is sufficient enough).
1. MACD signal must be bearish for a short, or bullish for a long
2. MACD bullish divergence for a long, or macd bearish divergence for a short
3. Hull Suite green colored and price above the ribbon for a long, or Hull Suite red colored and price below the ribbon for a short.
4. RSI over bought for a short, or rsi oversold for a long
5. RSI bullish divergence for a long, or RSI bearish divergence for a short
6. Fibonacci golden pocket
USD/JPY - YES, Another quick Scalp for 10OANDA:USDJPY
A good start to the week.
Quick scalp for 10 hard pips TP, before it hit PWL (previous weeks low).
I tune out the nay sayers that scalping doesn't work, and that I should maximize the trade, which is actually a very smart and profitable strategy when executed properly with trade management.
But I do LOVE scalping and enjoying the rest of my day not being stressed, LOL.
Both techniques work, the key is Trade Management.
Trade well....
Gold Short Gold is in premium zone in H1 chart and there's a bearish divergence @top ,so can be short before it further go up towards 1884 & up.
Quick scalpsWe could see a move to .062 possible .064 in the daily.
However I expect further decline in the market (bearish)
In on another buy for now up to at least $0.062 but then shorting for another entry
Taking a risk, but trusting the line upGoing to try and scalp out a retrace taking advantage of the retrace and range of volatility. I've been expanding on the original framework from all the activities leading to now, and I see a gap to try and take advantage of like it lines up in the past. Red line had a lot of attention so expecting price to go back down and fight before going anywhere else 🧐
Lets go for a quick trade - As you see we have strange waves but believe in your strategy as me *** RISK MANAGEMENT ***
Bitcoin Day Trade Setups, Scalping Entries🖥️ We have determined there is a 65% chance Bitcoin will Rise from our current entry point.
📉 LONG - BTC : $21,725 📉
💵 Length of trade: we are expecting BTC to hit a $400 scalp, with a high end of $550, and a minimum expectation of $250.
🕰️ Duration of trade: we are expecting the minimum target to occur within 10 hours. Then we see the rest of this trade playing out after market open for NYSE.
USD/JPY - 1 for 2OANDA:USDJPY
Tried for a short, right direction, wrong time.
Stopped out, they got me, stop hunted, LOL
Oh well, we get back in when all is clear, this time, hard 20pip TP
So trade management really is the key.
Ended up safe and made a little bit.
Onto the next
Trade well
EURUSD Bears In Trouble? --> Monday London Close 1.0667What great Bullish momentum we have seen on this pair. However, like in all forms of life , their must be a balance. A rebalancing of inventory. Idk, we may see lower prices and respect of Higher time frame market strucutre
(i.e./Daily timeframes) We''ll see what happens. You never really know. Though, experience can clue you on what has a good probability of occurring.
I Found Scalp Setup in GOLDI found this long setup in Gold after a crash due to Bullish momentum of USD
GOLD LONG SCALP
TGT 1830
SL 1814
Eurusd Update Rising Wedge Breakout Has Already Confirmed
Wait For Retest For Perfect Entry Incase Of Successful Retest Expecting 400 to 500 Pips Bearish Move
STX 8X POTENTIAL LONG SCALP - 30MIN
CIPHER makes a higher high
AO in the green
1% risk, 8% gain potential
