Scalping
GBPCAD short trade, look for pullback.GBPCAD (short trade)
Base on One hour and Four hour chart,
1 hr and 4 hr MACD - going down
1 hr and 4 hr STOSH - going down
daily - going up
technically it is good to do a pullback trade on next trading day if the price isn't break the previous high.
entry price place around 1.1600 / 1.16700 and aim for 50 to 100 pips TP and SL.
BTC investment idea!The global movement of BTC remains under the downtrend.
After the fall, the price came to the support of $15,500 -$15,900.
I don't expect a long reversal yet, as there is still support from below at $12,050-$13,300!
Also, the indicator, which works on the basis of a surge in volume, did not show entry into a long position.
Since January of this year, the short scenario has been in effect.
The indicator, of course, gives signals for buying and selling, but always conduct those yourself. market analysis.
At the next support ($12050-$13300) I will consider purchases in the investment portfolio!
The coin formed an upward wedge. Time to sell!The coin formed an upward wedge, which is a bearish structure. The riders do not have the strength to push the price higher. At the moment, the breakdown of the ascending structure and the breakdown of support down at elevated volumes begins. I expect an impulse decline with confirmation of volumes in the seller's glass to the lower support levels. The goal of reducing 1-3% of impulse movement.
Limit buyer begins to push the price to update the hayAUDIO increased trading volumes, the limit buyer begins to push the price to update the hay. There is a cascade of local highs, beyond which there is liquidity. I am waiting for the formation of trading and impulse exit to the long in order to withdraw liquidity behind the level. I plan to go from a round number - 0.16. Target – 0.1666$ (5.21%)
UC end of retracement resume uptrendI saw a very opinionated user in the forex chatroom who's holding a short position on this pair, saying that a) it's on a downtrend and b) it's heading towards 1.3000 level.
Although I've never traded this pair before (I'm more of a GBPJPY guy), upon opening the chart and doing some analysis, it made me have a bullish bias and I think it's going back up to make a new high towards the 1.3490 level instead.
Personally I'm not taking this trade since I'm not familiar with UC, but I just wanted to publish my view and have a shot at picking the bottom of a supposedly UC retracement.
I normally post Ideas on GBPJPY, check them out if you like trading this pair
🚀USD/JPY Bullish structure 📢The complex correction stopped at the support area of 138.80, which resulted in a perfect buying structure represented by Elliott waves.
The support area of 141.30 in the short term is an excellent buy area, especially since the correction wave did not overlap with the impulse wave.
For a professional signals, contact me privately.
GJ bullish on Opening. Continue uptrendAnother pullback for GJ.
My prediction is that GJ is gonna open bullish today Sunday, and the current uptrend will resume shortly.
If it already opens too high close to brakeout, refrain from buying it because the risk/reward isn't worth it.
Even if it breaks the "tight" stop loss, it's still an uptrend. That would mean that my entry was bad, but the direction is still right. The original SL at 164.40 is safer.
The scenario is negative! breakdown of the support levelCandles close with large shadows. Local highs are decreasing. The scenario is negative. There is an oblique level in support that has been approached several times. Now we are trading in an interesting place based on the volume. I expect a rebound from the round number - $ 0.4, a breakdown of the support level and a movement to $ 0.389
Volume reduction. Decrease of local highs. Time to sellAccording to SOL, trading volumes are reduced, the limit buyer does not push the price to update the highs. Local lows have been formed, beyond which there may be liquidity. I am waiting for the formation of a trade and an impulse exit to the short in order to remove liquidity behind the level. The goal is $11
CHOOSE YOUR STYLE💹
🔘What is Scalping?
Scalping is considered the most profitable but, at the same time, the most challenging trading strategy in any type of market. Alternatively, scalping is also known as high-frequency intraday trading because a large number of deals and the high speed of making them allow a scalper to earn on almost any market movement due to small but frequent profits.
Traders who use scalping tactics, often called scalpers, profit by buying at low prices and selling at high prices. It's as simple as that. They make money on even the smallest divergence in the current price of an asset, so even the slightest fluctuations in the price of financial assets are seen as opportunities to make a profit.
However, the downside of such an "easy" earning process is potentially minimal profit from a single trade. That is why scalpers often spend 24 hours at the monitor: many small transactions are made in parallel with very short holding periods (often in just a few minutes) to make more or less a weighty profit.
Scalpers act quickly and constantly watch the intraday trading indicators. They take short positions in one trade and long positions in the next, looking for frequent, albeit tiny, chances. Basically, scalpers make money using the difference in the buy and sell price. These windows of opportunity are more common than massive price changes since even relatively calm markets are subject to regular fluctuations.
Most traders using the scalping technique use charts with a time frame of one minute. Scalpers benefit from charts that show even the smallest price "pips."
🔘What is Day Trading?
As the name suggests, day trading involves making multiple trades in a single day. Day traders rely heavily on technical analysis and sophisticated charting systems to detect trading patterns and identify strategic enter and exit opportunities.
The day trader's objective is to make a living by making small profits on numerous trades and capping losses on unprofitable trades. Day traders typically do not keep any positions or own any securities overnight. Know for its fast pace and adrenaline-inducing approach, not all investors are suited for this approach to financial markets. However, day trading is arguable more than the pursue of profits: it is a lifestyle of pitting your wits against the market and living in a thrilling, high-risk environment.
🔘What is Swing Trading?
So, what is swing trading? In the most general terms, it is a style of trading in the financial markets that focuses on identifying the cyclical nature of price movements. This approach assumes that each trend consists of several up and down phases. Swing traders try to take advantage of these short-term impulses and corrections. Traders working with this strategy tend to keep positions open for several days to take advantage of large market trends.
Most swing traders follow the direction of the market trend. Their actions are dynamic. They may open long positions during an uptrend and short positions when a downtrend begins. When one bets on market trends, they often open a position and hold it for days or weeks (even months), depending on the opportunity presented by the trend. Like scalpers, swing traders capitalize on market volatility because it creates opportunities for them.
In swing trading, there is no need to make decisions in real-time or quickly. That's why this method is popular with part-time traders; they can use their lunch hour to check the markets, for example. But an effective swing trading strategy requires patience, as the timing of holding an asset can fluctuate considerably. Therefore, it is not the best choice for people who are nervous in stressful situations.
🔘What is Investing?
Investing involves putting money into a financial asset (stocks, bonds, mutual or exchange-traded fund, etc). that you expect will rise in value over time. Investors generally have a long time horizon and predominantly look to build wealth through gradual appreciation and compound interest rather than short-term gains.
The shorter the time horizon, the higher the risk that you could lose money on an investment. That's why the Securities and Exchange Commission (SEC)'s Office of Investor Education and Advocacy recommends putting money in a savings account if you'll need to access it within three years. For all other goals, investing could yield much better returns. Some investors may even plan to hold onto their investments for multiple decades.
☘️Here are some basic details about scalping, day trading, swing trading and investing, and I hope that information will help our new members to decide what’s best for them.
Thank you for reading folks! Till next Time!🌹
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GMT SCALPING DOWNTRENDThere seems to be a downtrend on GMT 15 Minute timeframe after the contraction and expansion phases. As long as the trend is respected you could probably make some decent profits.
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Contraction Plotter Indicator:
www.tradingview.com