Sniperentry
BNB: Identifying Sniper Entry Points 🎯Unlocking the art of sniper entries in the crypto market involves the strategic identification of substantial liquidity clusters on one side, serving as potential catalysts for trend reversals. Let's explore this concept using a recent example from Binance Coin (BNB) to understand the power of precision entries. 🎯📊
Sniper Entries Decoded:
Definition: Sniper entries refer to pinpointing optimal entry points in the market, often by identifying significant concentrations of liquidity on one side of the order book.
Case Study - BNB Snapshot:
Scenario: BNB exhibited a range-bound movement, and a crucial moment unfolded as liquidity dynamics shifted.
Key Observations:
Liquidity Accumulation: A considerable accumulation of liquidity on one side (e.g., sell-side liquidity) can act as a precursor to a trend reversal.
Range Breakdown: The removal of the range high (upper boundary) and subsequent testing of the imbalance level signaled a shift in market dynamics.
Key Takeaways:
Identifying Liquidity Clusters:
Look for instances where liquidity is noticeably concentrated on either the buy or sell side.
Significant liquidity clusters can act as potential turning points in the market.
Range Dynamics:
Pay attention to price movements around key range levels.
Breakdowns and subsequent tests of range boundaries can provide valuable insights into market sentiment.
Implementing Sniper Entry Strategy:
Wait for Confirmation: Exercise patience and wait for confirmation, such as a range breakdown or imbalance testing, before considering entry.
Precision Timing: Optimal entries often occur just above/below key range levels, maximizing the potential for favorable price movements.
Conclusion:
Mastering sniper entries involves a keen understanding of liquidity dynamics and recognizing when significant concentrations may trigger trend reversals. The BNB example showcases how identifying liquidity accumulation and strategic entry points can enhance your trading precision.
Wishing you sniper-like accuracy in your entries!
Happy trading,
🌐
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Trading Under The Spotlight: My Open Analysis Odyssey #10Greetings once again, TradingView community!
Our ongoing quest through the markets unfolds another intriguing chapter, serving as a testament to the unpredictability and dynamism that is trading. If you're joining this journey for the first time or have been a steadfast companion, here's a brief rundown of the principles driving this series:
Transparency, Not a Tutorial : Through these posts, I aim to pull back the curtain on my trading thought process. However, the intricate mechanisms and strategies at play remain undisclosed. This isn't trading advice per se, but more a personal diary of market exploration.
Frequency & Execution : Every day presents its unique blend of setups. However, not all are destined for execution. This series predominantly mirrors my mental excursions in the market, rather than constituting actionable advice.
Purpose & Growth : The bedrock of this initiative is my aspiration to refine and amplify my market analysis prowess, all the while basking in the invaluable feedback from this vibrant community.
Diving into the next analysis of the day:
Instrument : FRA40
Bias : Short
Overall Trend : Long
Thoughts : My current observations have spotlighted two intriguing price action setups within this asset. Admittedly, my knowledge regarding the prevailing fundamentals of FRA40 is scant. Given this gap, I'm leaning towards abstaining from the first setup. The second does exude a certain allure; however, it's imperative to understand that fundamentals often steer the broader market direction. The trading adage of not swimming against the river's current rings true here — to defy it invites potential peril. My stance is one of observation, cataloging, and learning, aligning with the core tenets of this series.
Engaging with this platform and its diverse group of traders and enthusiasts remains a cherished aspect of this endeavor. Onwards we march, uncovering market nuances and fostering collective growth, one setup at a time!
Trading Under The Spotlight: My Open Analysis Odyssey #9Hello once more, TradingView community!
Each chart we explore together adds another chapter to our collective narrative, deepening our understanding of the vast market tapestry. For those just joining us, or for our regular comrades, here's a quick summary of our journey's ethos:
Transparency, Not a Tutorial : While I provide a window into my trading psyche via these posts, the core strategic depths remain mine. This isn't a directive trading guide; it's a chronicle of my market observations.
Frequency & Execution : As days unfold, diverse setups emerge, but not all transition into trades. This series is about offering a glimpse into my thought process, not necessarily presenting trade advisories.
Purpose & Growth : Central to this endeavor is my ambition to sharpen my analytical acumen, bolstered by the candid feedback from this community.
On to the next analysis of the day:
Instrument : CHFJPY
Bias : Long
Overall Trend : Long
Thoughts : This instrument has been a strong performer, appreciating by 17% within the year and showing little indication of slowing down. Historically, the Yen tends to exhibit weakness, largely attributed to infrequent interest rate hikes. However, I must admit a lack of deep familiarity with the current fundamentals surrounding this pair. Coupled with the age-old trading wisdom that "an object in motion tends to stay in motion," it paints an interesting picture. Yet, due to my limited experience with this pair and a somewhat hesitant feeling about this particular setup, I might stay on the sidelines this time.
Engaging with you all, whether through mere observations or active discussions, continues to be a vital component of this journey. Together, we'll continue to peel back the layers of the market, one intriguing setup after another.
Trading Under The Spotlight: My Open Analysis Odyssey #8Greetings once more, TradingView community!
The tapestry of the market never ceases to amaze and with each unfolding pattern, there's a new story to tell. As we dive deeper into this shared odyssey, here’s a swift recap of our guiding principles:
Transparency, Not a Tutorial : Each chart and narrative shared is a slice of my trader's journey, but the core strategy remains a guarded secret. This isn’t a trading manual; it’s a diary of my analytical observations.
Frequency & Execution : Every trading day is a distinct tale, with a myriad of setups, but it's crucial to remember that not all are acted upon. This series mirrors my trader's intuition, not necessarily actionable advice.
Purpose & Growth : Rooted in this venture is a thirst for analytical mastery and the embrace of community-driven insights.
Without further ado, let's delve into the next analysis of the day:
Instrument : AUDCHF
Bias : Short
Overall Trend : Short
Thoughts : The bearish sentiment for AUDCHF is evident, but I must confess, I'm not entirely synced with the underpinning fundamentals for this pair. Yet, a cardinal trading principle reminds us: "an object in motion tends to stay in motion." Hence, aligning trades with the overarching trend often proves advantageous, enhancing our chances of sailing smoothly rather than struggling against the current.
Your engagement, whether you're observing, chiming in with insights, or soaking up knowledge, remains invaluable. As we journey on, I look forward to further dissecting the market’s myriad facets, one setup at a time.
Trading Under The Spotlight: My Open Analysis Odyssey #7Hello again, TradingView comrades!
As the day progresses, the market keeps revealing more layers and I'm here to share yet another analysis of the day. For both newcomers and our dedicated followers, let’s quickly brush up on the foundational aspects of this series:
Transparency, Not a Tutorial : I’m giving you an overview of the setups I come across, but the in-depth strategy behind them remains close to my chest. This isn’t a step-by-step guide, but a window into my trading thought process.
Frequency & Execution : While each trading day unfurls a variety of potential setups, not every one of them makes it to my trading list. Consider these as a reflection of my trading mindset rather than clear-cut trading advice.
Purpose & Growth : The heartbeat of this series is my pursuit to sharpen my analysis skills, and to embrace the diverse viewpoints of this expansive community.
Diving into the next analysis of the day:
Instrument : AUDUSD
Bias : Short
Overall Trend : Short
Thoughts : From a fundamental standpoint, everything seems to seamlessly align with this setup. Should the market present the opportunity, I stand ready to engage in this trade right from the specific juncture I've highlighted. With both CPI and PPI reinforcing this bearish perspective, we’re likely to observe a sustained bearish trend in AUDUSD. Only notable shifts in economic data might signal a potential change in this ongoing trend.
Your active participation, be it as a spectator, contributor, or learner, truly amplifies this journey. Together, let's delve deeper into the market, unraveling its intricacies one setup at a time.
Trading Under The Spotlight: My Open Analysis Odyssey #6Greetings once more, TradingView community!
The rhythm of the market is ceaseless, unveiling setups and scenarios at every turn. If you've only just tuned in or have been diligently tracking each post, here's the essence of our ongoing saga:
Transparency, Not a Tutorial : These analyses present to you the vistas of the trading setups I encounter, while the core strategy behind each remains my guarded secret. This is about sharing a segment of my trading world, not instructing the audience.
Frequency & Execution : The canvas of trading is vast and ever-changing. Though every pattern is scrutinized, not all are painted onto my trading portfolio. Reflect on these posts as windows into my trading thoughts, not definite calls to action.
Purpose & Growth : Central to this series is my objective to continually sharpen my analytical edge and wholeheartedly welcome the community's feedback.
And now, diving into today's analysis:
Instrument : CADCHF
Bias : Short
Overall Trend : Short
Thoughts : Admittedly, this setup doesn't exude as much confidence for me. The CADCHF pair is not one I've often engaged with in the past. While I've shifted from being devoted to specific pairs to committing to my setup, I acknowledge that I'm not entirely in sync with this instrument's fundamentals. Hence, it's quite likely I'll observe this one from the sidelines.
Your participation in this journey, be it as a vigilant observer, an insightful commentator, or an eager learner, adds depth to the narrative. Let's keep unwrapping the market's layers, one captivating setup at a time!
Potential Long Opportunity on CHFJPYPrice action context clues have printed an opportunity for reversals to the upside within this zone that it is currently dropping into.
If price action begins to show exhaustion at this level, then a reversal could be likely to happen.
Exhaustion presents itself when you see wicks into the are but there are no candles breaking the level.
Multiple wicks into an area that you have mapped out as a trade entry further validate your analysis and you should take the trade.
Liquidity is being sucked from that area for a move to the opposite way.
Wait for multiple wicks into your area of interest before you decide to pull the trigger for you trade.
Manage your risk and keep a cool head no matter the outcome of the trade.
Winning streaks can create ego, recklessness and over confidence, losing streaks can create fear, timidness, uncertainty, and hesitancy.
Believe in yourself, trust your analysis and maintain zen in your life on and off the charts for best results.
Happy trading!
Potential Setup on EURUSDThis is a setup based on price action as it has been printed in the past. PCE data comes out tomorrow, we could see a push to this point of interest that I have the sell limit placed in.
Price could easily push through here since we have a very tight stop loss on it as usual.
But trading isn't about being right all the time.
It's about being right in a huge way when you are.
Risk to reward is the best KPI for a trader.
Many beginners focus on trying to make a trading strategy "100% accurate" when it is just not possible.
Even the banks lose.
Stop chasing the holy grail of trading and focus on honing one trading strategy.
When you stop chasing shiny objects in this field, you find the success you are looking for much faster.
EYES ON EURUSD Sniper SetupTonight, I am looking at this setup on EURUSD.
Once the algorithm presents its mode during Tokyo / Sydney, we will have more information on whether this a potential long or short opportunity.
I have notice that the market tends to play between bank levels that are set during the previous sessions.
I call these levels true support and true resistance.
Most traders mark up from what is perceived to be places in the market where it bounces / rejects from multiple times but if deeper analysis is taken, one may find that these levels that the market is bouncing from may be session highs or session lows.
Understand that these are the levels that are agreed upon as a premium or discount buy or sell zone and that the market switched algorithms at this points and places.
If you would like to move with the banker's algorithm, you have a much better chance of catching the money train if you enter at the prices that they set as major areas of institutional interest.
Potential Sniper Entries on EURUSDHello Traders!
First, 95% of traders are wrong and everyone's analysis outside of yourself should be taken with a grain of salt and a gulp of discernment.
With that being said, here is my current outlook on EURUSD based on current economic conditions and price action that has developed.
Due to the outcome of NFP last week, the current USD Unemployment Rate raising from 3.5% to 3.7% seemed to be the dictator, we saw bullish price action on beginning on Friday for EU.
With the current economic data priced into the market, I am anticipating more bullish activity as the week unfolds.
Therefore, I am expecting a pull back during London session for a continuation of bullish momentum during New York session tomorrow.
Due to the fact that smaller stop losses typically mean lower accuracy for trades, I like to take multiple shots with these setups and risk small for insanely high risk to reward setups.
The point for me isn't to win every trade. The point for me is to win HUGE on the trades that I do win so I can come out with a positive ROI in the long run.
Happy trading investors!
NAS Short, potential downside move to rebalance. 14 Oct 2022The only thing I don't like about this setup is the fact we have high impact news at 2.30pm European central time and it doesn't look like price took out the asian high. (It could be a double top?). We have BOS (on H1 too), we are quite on a premium zone, we took out internal liquidity and closed the gap/imbalance precisely. Got my confirmation with PVP volumes shift on m1. Taking out 2/3rd of my position on TP1 for a 1:3, letting the rest run for a 1:11 circa.
CADJPY short!
A huge opportunity this upcoming week on the CADJPY pair. With Monday being the 4th of July, ideally avoiding the slow-moving US markets would be the best option. A textbook bearish pennant presents itself to us giving us a wonderful look in shorting this pair. Last week it broke out and now it's coming back for a retest. Hoping to see some strong rejections around that breakout zone in order to confirm our entry.
I'm probably only gonna trade this one this week. Wishing you a profitable week!
Gold 1:35 Opportunity (risky)Hi Traders,
Every now and then we take a more risky approach to a trade if we feel the time is right.
So here we have a possible 1:35 risk to reward where you could risk 1% for a 35% gain in a single trade.
This is a very risky trade however can be very rewarding.
We sometimes pull these sniper entries off - with the key word being sometime.
What is important to note here is that if you are successful in this you would need to lose another 34 of these to simply break even which is a big margin for error.
Please do not trade this if you are not willing to risk this is for educational purposes and to see if a potential sniper entry is possib here.
This is not financial advice
TH from RT-Trading