BPCL 240 MINS MY VIEW The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Please keep your comments useful & respectful.
Keep it simple, keep it Unique.
Thanks for your support
Tradelikemee Academy
Saanjayy KG
Supplyanddemmand
Copart (CPRT) LongAsset Class: Stocks
Income Type: Daily
Symbol: CPRT
Trade Type: Long
Trends:
Short Term: Up
Long Term: Down
Set-Up Parameters:
Entry: 51.74 (at the Breakout)
Stop: 50.88
TP 54.28 (3:1)
Trade idea:
A breakout from a descending channel on the 1H , zone formed by a drop-base-rally with Fair Value Gap . The setup has a 3:1 RRR. The RSI is oversold , heading up, and showing divergence.
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
GBPUSD BULLISH **British pound GBP Value Correlation to USD
>We are now in the Oversold region Signaling for a bullish trend week.
Technicals:
>Price entered the Demand Zone last week, and could be ready to rally this week.
>We can see 2 consecutive higher lows
>Price could reach to the opposing Supply Zone that initiated the bearish imbalance.
OTHERS:
>Scalpers can ride the bullish trending week
>Long term traders can position for a Sell for when it reached the opposing supply zone and we get an overbought reading
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
GBPJPY BUY TRADE Oct 8 2024This trade comes to fruition after checking for manipulation of lows using 4H-1H-30min-15min.
Allowing me to activate the said pending order -Buy limit during London session (metatrader 4 platform) . I marked that demand because using the order flow, I can see enough evidence to go long. Risking 0.5% of the capital. Every trade that I initiate comes from the basic idea of supply and demand.
(please check the attached charts for a detailed structure of entry and exit points)
Always be patient and look for proof before you put pending order.
DE40The German index DE40 has reached a zone where Daily timeframe buyers might step in, with a good chance of driving the price back up.
The signal is to buy, but where to find the exact entry is something that each individual can figure out. I prefer to buy now, with a stop-loss slightly below the daily lows or if you are searching for best R:R, then wait until the price enters even deeper into the zone.
In any case, stay cautious, as NFP could also cause some price fluctuations.
Trade safe!
NZDUSD STILL BEARISH >The New Zealand Dollar had an explosive rally last week, deeply penetrating and ultimately invalidating the highlighted supply zone, indicating the exhaustion of any remaining unfilled orders.
>We can now observe five invalidated supply zones lined up on the chart.
>Above these zones lies a high-quality, fresh supply zone, where significant stop-loss orders and a large volume of sell orders could potentially accumulate in anticipation of the upcoming FED speech on Thursday, which may act as a catalyst for a sharp drop.
>The US Dollar Index remains undervalued (refer to my USD analysis for more insights).
>Given that the NZD is currently overvalued, the price may soon seek reasons to turn bearish. For this to happen, a considerable volume of sell orders will be needed to trigger a downward move.
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
AUDUSD SHORT >We have a Rally-Base-Drop(RBD) Weekly Supply Zone coverage for the RBD Daily Supply Zone
>We have a high quality Leg-out(Imbalance) from Weekly TF and an Explosive leg-out from Daily Supply
*Stochastic RSI confirmation (This is not a Timing tool, We always follow the Law of Supply and Demand):
-Stoch RSI is at Overvalued Zone, meaning price is looking for a Supply Zone to Drop the price. In AUDUSD's case, it already hit the Supply zone. Ride the trend.
>5,10,15 year Seasonality is Down-trending until 1st week of October.
**NOTE**
-Seasonality tool is just a set-up and an add-on guide.
-Supply and Demand is our timing tool.
Signal is good until 1st week of October or until Updated.
Trade Safe
Sept 19 2024 Buy TRADE GBPUSDThis was taken at around 12PM EST. Buy limit activated because of IMB price touch. I was waiting for this buy trade since yesterday because daily and 4h structure of GBPUSD was bullish.
Demand introduced last Monday and then continue going up to the supply yesterday ( Tuesday) . This was a textbook entry of bullish structure.
RR: 1:7
50,000 USD FTMO Account.
#supplyanddemand
XAUUSD 4H AnalysisA Higher Timeframe liquidity grab followed by bearish order flow being formed on the LTF, I have no doubt that this pro move is likely to play out
I'm waiting for price to induce atleast one Lower Timeframe swing high before getting into Short/Sell trades
It is never too late to get into continuation trades, I will be looking for sell trades targeting the swing low at 2470.86
$BTC | Sell Trade | Market Exec |Technical Confluences:
- Price action is considered at Overbought conditions in both Daily and H4 Timeframes
- Price action is bouncing off the 78% Fibo retracement line
- Aiming for a retracement to the Fibo Extension's 61% or 78%
Fundamental Confluences:
- The crypto market space has no new impetus at the moment and is in consolidation mode after the risk-on rallies
- Market sentiment is positive with FED cutting rate, but if FED cut rates, what does it mean? Something is wrong with the markets that the FED needs to cut rate.
- In the view that the risk-on rally is overdone now.
GBPUSD SHORTPrice has finally found its way into a 4H supply area and left behind several demand areas and Fair Value Gaps to be filled. GU is long-term bearish per the 1D and 1W charts so we expect a sell opportunity to present itself once a valid change of character is displayed on the 15M/30M showing a shift of trend. Swing traders should target the recent Fair Value Gap and demand zones while day traders may target the daily swing low.
$PFE | Allocation/Buy Trade | Market Exec |Technical Confluences:
- Price is in Oversold Conditions in D1 timeframe
- Price action bouncing off 150% Fibo Extension
- Price is trying to go back above the Interest Zone to give some bullish momentum to the stock
Fundamental Confluences:
-Regardless how bad the negative rumours are ongoing about the side-effects from Pfizer; they are still considered a strong market leader in the Pharma industry
- They had a good response on a testing of their recent respiratory drug
- Value?
----
Health sector in your Portfolio will never be wrong with the global aging population.
I am putting this trade on as either into my Long-Term Portfolio or Swing trade for $PFE.
Depending on how market develops, I may decide to hold this bag and allocate more into it at the 178% Fibo Extension levels or cut my Buy position as shown.
-----
$HBAR | Allocation | Market Exec |Technical Confluences:
- Price action has bounced off a Support trendline and is in the range of a Demand Zone
- Price action is also close to an all-time low
Fundamental Confluences:
- HBAR is a Layer 1 blockchain which has potential for further adoption
- Recently in April, there was a big spike in CRYPTOCAP:HBAR price after an announcement that blockchain firms Archax and Ownera tokenized BlackRock's ICS UST Funds on Hedera
- Blackrock came out and clear the air that they are not involved with Hedera; the 2 firms were the ones who were involved in tokenizing it
- Although it is not a direct involvement by BlackRock, it gave HBAR Foundation alot of attention (potential moving forward)
________________________________
With the above fundamentals, I will allocate my first tranche of HBAR allocation for my Long-Term portfolio. I may trade on this pair with a tight SL level if it breaks below the Red Line shown.
Likely to hold onto this pair at least till it reaches the 161% Fibo Extension Supply Zone.
Remember, DYOR.
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
75: Comprehensive Guide to Volume Profiles and Volume in TradingWhat is a Volume Profile?
A Volume Profile is an advanced charting tool that plots the amount of trading activity (volume) across different price levels over a specific period. Unlike traditional volume indicators that only show volume over time, Volume Profiles provide insights into where the majority of trading took place, highlighting key areas of support and resistance, as well as zones of high and low interest among traders.
Key Components of Volume Profiles:
1. Point of Control (POC) : This is the price level where the highest volume of trades occurred. The POC is a crucial level because it represents the price at which traders found the most value, making it a strong indicator of support or resistance.
2. Value Area (VA) : The Value Area represents the range of prices where approximately 70% of the volume was traded. This area is divided into the Value Area High (VAH) and Value Area Low (VAL). The VA is significant because it identifies the zone where most market participants were active, providing a clear picture of market consensus on value.
3. High Volume Nodes (HVN) and Low Volume Nodes (LVN) : HVNs are price levels where there was a large amount of trading activity, indicating significant interest and often serving as strong support or resistance levels. LVNs, on the other hand, represent areas with minimal trading activity, where prices tend to move quickly due to the lack of interest.
The Importance of Volume in Trading
Volume is a fundamental aspect of market analysis, offering insights into the strength and sustainability of price movements. It reflects the level of participation in a market, indicating the intensity of buying or selling at different price levels.
- Confirmation of Price Movements : High volume confirms the legitimacy of a price move. For example, a price breakout from a resistance level on high volume is more likely to be sustained than one on low volume.
- Reversals and Continuations : Spikes in volume can signal potential reversals, especially when occurring at significant price levels such as the POC or near the VA boundaries. Conversely, a sustained high volume along a trend can indicate its continuation.
- Validation of Support and Resistance : Volume at key levels like the POC, VAH, and VAL helps validate these areas as strong support or resistance. When price interacts with these levels on high volume, it suggests that many market participants are active, reinforcing the importance of these price levels.
How to Interpret and Use Volume Profiles:
1. Identifying Key Price Levels :
- The POC acts as a magnet for price, often drawing the price back to it when it moves away. This level is crucial for identifying potential areas of reversal or consolidation.
- The Value Area is where the majority of the trading activity occurs. Prices above the VAH might indicate an overbought condition, while prices below the VAL could suggest an oversold market.
2. Volume and Market Sentiment :
- High Volume Nodes indicate areas of significant interest, where prices tend to stabilize due to heavy trading. These areas often become zones of accumulation or distribution, depending on market conditions.
- Low Volume Nodes indicate price levels with minimal trading interest, where prices may move quickly and encounter less resistance, often leading to rapid price changes or breakouts.
3. Order Flow and Large Volume Blocks :
- Large blocks of volume, particularly at HVNs, suggest the presence of institutional traders or significant market participants placing large orders. These zones are critical because they reflect where big players are accumulating or distributing their positions. As a result, these areas tend to create strong support or resistance levels that can define future market behavior.
4. Dynamic vs. Static Profiles :
- Volume Profile Visible Range (VPVR): This type of profile updates as you scroll through your chart, dynamically showing the volume distribution for the visible price range. It’s useful for analyzing the current market context and finding immediate trading opportunities.
- Fixed Range Volume Profile (FRVP): This profile is static, showing volume data for a specified price range or time period. It’s valuable for comparing current price action to historical data, helping identify long-term support and resistance levels.
Practical Tips for Using Volume Profiles :
1. Customization and Settings :
- Adjust the number of rows or ticks per row in your Volume Profile settings to get a more detailed or broader view of volume distribution. More rows will give you finer detail, while fewer rows will smooth out the data, highlighting major trends.
2. Combining with Other Indicators :
- Use Volume Profiles in conjunction with other technical indicators like moving averages, RSI, or MACD to confirm trading signals and enhance the reliability of your analysis.
3. Adapting to Different Timeframes :
- Tailor your Volume Profile analysis to your trading style. For day traders, shorter timeframes (e.g., 5, 15, 30 minutes) might be more relevant, while swing traders or investors might focus on daily, weekly, or even monthly profiles to identify long-term trends and key levels.
4. Observing Market Reactions at Key Levels :
- Pay close attention to how the market reacts when it approaches HVNs, LVNs, the POC, or the boundaries of the Value Area. These reactions can provide clues about future price movements and potential trading opportunities.
Volume Profiles offer a deep and nuanced view of market behavior by highlighting where significant trading activity has occurred at different price levels. By understanding the interaction between volume and price, traders can make more informed decisions, identify key levels for entry and exit, and gain insights into market sentiment. Integrating Volume Profile analysis into your trading strategy can provide a significant edge, enhancing your ability to navigate the complexities of financial markets.
GBPAUD | Short D1 | Market Exec |Technical Confluences for Trade:
- Stochastics are close to Overbought Conditions on D1 and Overbought in both H1 and H4 time-frames
- Price action is close to a Supply Zone
- Price action is close to multiple Resistance Trendlines
Suggested Trade:
Entry @ Area of Interest 1.9270 - 1.9380
SL @ 1.9503
TP 1 @ 1.9017 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.8745
Risk-to-Reward @ Approx. 2.87 (Depending on Entry Level)
________________________________
Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!
If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
________________________________
Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
GBPUSD - Sell trade July 24 2024I'm Back!
- busy with some learning materials as I level up on analysis and data.
attached here is the GBPUSD
july 24 2024 trade.
I noticed supply introduced in daily TF up to 4H TF ( markets are fractal) . It makes me conclude that it will be a bearish momentum (correction) because of wyckoff accumulation last week. As I continue to monitor the charts during London session, I noticed liquidity sweep in highs of the structure, so I create an alert in my algorithm to alarm when it noticed a tiny supply introduced in 15 min TF. Setting a pending order aiming to have 5:1 RR. During N.Y session, it moves according to plan, coming to fruition this morning (PH time) .
(check charts for a detailed analysis) # wyckoffdistribution #algorithm #supplyanddemand
USOIL Slides to Crucial Support Region on Demand JittersThe commodity staged a four-week relief rally recently and the longest profitable streak of the year, helped by OPEC+ supply curbs extension and summer travel demand. At the same time, soft US inflation and dovish Fed commentary have boosted market pricing for multiple cuts, which can provide another tailwind. Above the EMA200 bulls have the ability to set higher highs (84.54), but don’t inspire yet confidence for new 2024 highs (87.66).
Despite the near-term favorable supply-demand dynamics, longer-term prospects are gloomy, as OPEC+ will start returning oil to the market and usage is likely to decelerate substantially this year. This week’s data from China (the world’s largest importer) aggravated demand concerns, as the economy grew by 4.7% y/y in Q2 and the slowest pace in more than a year.
USOil faces pressure as a result and threatens a key support region, provided by the 200Days EMA (blue line), the 38.2% Fibonacci of the last leg up and the upper border of the daily Ichimoku Cloud. Although this cluster has the potential to contain the fall, a breach would shift bias to the downside. This would expose WTI to 76.13 and bring the June lows to the spotlight (72.40), although sustained weakness is not easy under current conditions.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Axie Infinity (AXSUSD): Eyeing a Key BreakoutOn the 12-hour chart for AXS, we've completed Wave 2 at the $5.82 level. Since then, we've been in a continuous upward phase, forming higher lows three times and now a higher high. This pattern suggests continued upward movement.
There are two key areas to watch: the 12-hour supply zone starting at $10.31 and the 12-hour demand zone at $7.50, which aligns with the current trendline. We expect the trend to continue upwards, particularly if the price touches the demand zone at $7.50, providing a potential entry point. Our target on the upside is the supply zone at $10.31. Whether the price moves beyond this level is uncertain and will require monitoring. The low volume between these zones suggests that the price could rise rapidly once it starts moving.
Analyzing the monthly VWAP for AXS, we see that the December VWAP provided resistance at a high of $8.70. The price tagged this level perfectly before falling back down. We believed the price might dip further to similar levels and he did. The demand zone started at $7.50 and extends down to $7.25. For us, the absolute maximum level to watch is the December VAL at $7.23, where we expect to find support. However, it's possible that the price could dip slightly lower to clear the liquidity from the last dip in early June.
Once this liquidity is taken out, we anticipate a potential push higher, aiming to break above the December VWAP. This setup provides a clear structure for potential entry points and targets based on current resistance and support levels. In summary, we are looking for an entry around the $7.50 demand zone, with an initial target at the $10.31 supply zone. Further movement will depend on market conditions and volume dynamics at that time.