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CRYPTO: XRPUSD EASY TRADE Based on our on strategy, we have execute a long position on XRPUSD at the price of 1.5491 and we set our stop loss at 1.4616 according to our strategy. The market moved smoothly and meet our requirement of using our Tracking Take Profit .Still, according to our strategy, we moved our stop loss to the price of 2.5131. The market made it to the highest price of 2.9000. In this period, we did not found any place that fulfill our requirements of our strategy to move our stop loss. The market went down finally and hit our stop loss. The stop order was executed successfully. The total risk and reward ratio is 11.02. 1) This is an easy trade for us as the market went up smoothly. There are not much fight in a trader's mind. However, we do not assume all trades would be easy as this trade. A trader's patience is still a very important. 2) Follow for more. I will share my trading thoughts, plans and summary of trades I made recently. Stay tune :)
COINBASE:XRPUSD
by Sooncsdy
2
Making Sense of the Market (Educational Post) 📑3rd Week May 23'Hello Traders. Today I have created a summary of this previous week's price action on a Session-Session basis. I explain in detail each of the 15 Sessions and how they relate to the overarching destination for the weekly candle. I hope you enjoy and please leave some feedback in you found this either useful or interesting. Best, Shrewdcatfx 🐱‍👓 Key for Chart 1 = Asian Session 2 = London Session 3 = New York Session Monday - Black Numbers Tuesday - White Numbers Wednesday - Purple Numbers Thursday - Red Numbers Friday - Blue Numbers Important Level's Weekly Level - 1.0866 Daily Level - 1.08739 ( Created after Tuesday's Daily Candle Closure) Daily Level - 1.08532 Daily Level - 1.08401 Daily Level - 1.07597 15 Sessions Breakdown Monday - ( Black Numbers ) 1 First Asian session begins by going up and rejecting (1.08537) Daily Level. Buyers are stepping in early in the week and the new weekly candle is pulling up. 2 The First London session of the week is a catalyst to create a Higher High in market structure on the Intraday timeframes. However with the new 4hr candle price pulls back down and drops before seeing once again another opportunity for Buys 3 The first New york session of the week combined with manufacturing data saw one more push to the upside which turned out to be the High of the day. As NY session progressed price pulled back and found support at the 1.0866 weekly level before bouncing once again. Tuesday - ( White Numbers) 1- 2nd Asian session of the week price consolidates inside of the previous NY session range, not much occurs 2- London session pulls back and retests 1.0866 weekly level where price finds support once again Price consequrntly bounces and creates a new weekly High above the Monday NY session manufacturing data highs. This london session Bullish push turns out to be the high of the week 3- New York Session price eases off the high prices created during London session. Retail sales data is released and volatility and volume shakes up price in the short term but continues to ease off the highs from london session. Price drops further adn london close prints the low of the day. The daily candle closes below our 1.0866 weekly level after attempting to push up with manufacturing data and retail sales data Wednesday - (Purple Numbers) (The close of the Tuesday daily candle creates our 1.08754 Daily Level) 1. Asian Session - Pulls up to retest our new formed Daily level 1.08754. As we move through Asian Open and the 4hr candle associated with it price appears to be backing off and rejecting the new formed Daily level 1.08754. 2. At this point we have 2 Daily Candle closures above 1.08537 Daily Level, however as we move into the third london session of the week price is beginning to crease below this daily level 1.08537. Price is also continuing to reject our new formed 1.08754 Daily level from Asian session. Price effortlessly drops through 1.08537 and quickly reaches our next potential support at Daily level 1.08393 . Price keeps pushing down and it is clear that the weekly candle has flipped bearish, dropping below our Monday Asian session prices and creating a fresh low on the week. 3. NY session sees a short lived continuation but quickly reverses pulling back up and clearing out fomo sellers . Price pulls back and does a textbook break and retest at the price where the weekly candle opened on Monday Asian price consolidates at the break and retest area 1.085 Thursday - ( Red numbers) 1. Asian session completes the break and retest at 1.085 and prices begins to head back towards the low created during the previous NY session 2. London Open provides a catalyst for a continuation of momentum to the dowside as we head back towards the previous NY session Low. We touch the NY session low and create a new low price on the week. 3. New York Session Open and Unemployment data is due to release. Yes, Unemployment data is the catalyst to punch out even more lows on the week Price make a very nice and lenngthy push from here on this thursday. Friday - (Blue Numbers) 1. The Thursday daily candle closes bearish but above our 1.07597 Daily Level. Asian session attempts multiple times to keep dropping below 1.07597 but buyers hold firm here. 2. As the final London session of the week approaches prices begins to bounce off 1.07597 and creates a High on Intraday timeframes. Then comes london open and price continues to pull back to the upside Simultaneusly we can observe that as the weekly candle comes to a close, the candle is pulling back up and creating a bottom wick. 3. New York Session provides a catalyst to continue pulling back up before violently whipsawing and ranging to end off the week
Education
by ShrewdCatfx
Covid becomes our friend - 2021 wrap upDear all, It's time to wrap up 2021 and outline what has happened based on an analysis of S&P500 as a major index. At first glance (and as the title suggests) covid stayed with us throughout the whole year causing volatility in the market. Average correction caused by C19 and its new variants equaled 4.95%, with the biggest decrease of 5.7% caused by the Delta strain. Overall the S&P500 returned close to 30% which taking all the worrying events into account gives an excellent result. When it comes to non-C19 events, Evergrande problem Now, as we less outlined major events of 2021 (regarding us500) let's cover a short prediction of what may/ may not happen in 2022. Without any doubt, 2022 will be exceptionally interesting. Firstly, we will experience already announced tapering, which is supposed to end by summer 2022. Secondly, the current (i.e. 4th) wave of C19 caused by the Omicron variant is widely believed to be the last one as the kids have been infected. Moreover, at the beginning of 2022 (what we can already see) 3 billion people are said to be infected including many. This fact may suggest a pullback from record highs and more corrections caused by C19. However, on the other hand, as a vast number of people will get infected, they will build global resistance and thus a bad environment for C19 to develop new variants, not to mention medicines produced by Pfizer, etc. Worth mention is also rising tension between Russia and Ukraine, where the former one is expected to attract Jan/Feb. These possible initial events will shed a light on the rest of the year. Diversification and liquidity (including differentiation) seem to be the key to uncertainty and thus volatility on the market in 2022. Disclaimer! This post does not provide financial advice. Always do your own analysis. Be aware that only you are responsible for your trades. Trade safe and keep in mind the risk!
SP:SPX
by AGAdam
GBP USD Setup - 23-08-2021Hi traders, As per the 4hr chart GU is showing downward trend and the hourly chart is also indicating the same. In the 30 Min chart price is in a retracement phase breaking the 23.6 retracement level, So we have marked the Golden zone. Since the higher time frames are in an extension, we have marked the recent lows for a breakout trade. We can also enter a scalping trades in between these zones based on trendline or SMA breaks in the lower TF. Please ensure proper risk management. Happy Trading....
by Hari_krishnan_S_Kumar
Daytrading Summary 04/06/20 - 4 Trades and +2.34%!Hi traders, Let's do a daily recap! In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR) . Sometimes I adapt a little bit as you can see in the graphs. I had 4 trades, 2 winners and 2 losers . If I were to point out the least interesting it would be the W short. I had literally zero emotions towards that trade. It was going to either drop dead and make some fast profit or fail, which it did. No problem, move on... My "Italian marriage", however, was definitely EBAY. I was staring at the screen watching all the stocks (previously weaker) grow steadily, while EBAY was just stuck. In the end, however, I got paid a little extra for my troubles and ended Monday in solid green. How was your Monday? Please let me know if you'd enjoy this format from now on as well! Good trades, Tom from FINEIGHT
NASDAQ:EBAY
by Fineight
TODAY IN THE MARKET - WED 07/03TODAY's MARKET SUMMARY - WED 07/03 Our daily market summary is now available (for free, no registration or credit card required). As can be seen from the chart levels, our trading plans published this morning have done very well (will be publishing the detailed results later). THE GIST (“THE WHAT”) The S&P 500 index extended gains for the fifth straight session in today’s shortened trading session ahead of the July 4th holiday. Weaker-than-expected economic data revived expectations of a Fed rate cut, sending Treasury yields to their near 2-year lows. High-dividend paying stocks extended their previous session’s solid gains to lead the index higher to hit a yet another record daily close for the third straight session at 2995.82, up 22.81 points and gaining 0.77% over previous session’s close. THE DETAILS (The “How & Why”): For the detailed market summary report, please check it on our site (unable to post the link here). Happy 4th, everyone!
SP:SPX
by TradersAIDotCom
1