Supply Zone
I shorted this baby without telling my VIPs!These are Class C- trades. I design a Class system to differentiate trading setups and their value.
Indeed, I do not trade Class C most of the time, but I do trade them occasionally.
Class C generally don't produce a profit factor of 2 for my final target, so why do I still do it?
Boredom? Maybe
Like to earn some money? Maybe
Seek Trill? NO WAY
Trill seeking I'll do over my PlayStation, VR headset(wishlist) or Casino.
I treat trading as a profession, not gambling!
Analysis of US30 by SMC strategyAnalysis of US30 by SMC strategy. There are 2 possibilities at this moment from my point of view on US30.
The first is to reach the first supply area and react from that point or to reach the 2nd supply area to react from there
As a target/take profit, we have the liquidity area formed by the price area of 3950
Personally, I will set an alert in both supply zones and see how the ptree reacts, if there will be a continuous movement from the first supply zone or if it will react from that point.
Personally, I strongly believe that the price will react from the 2nd supply, but no one can confirm this.
GBPUSD-Weekly Market Analysis-Feb23,Wk2GBPUSD is on a Bullish Trend, however, I'm waiting for a counter-trend trading opportunity and waiting for a shorting opportunity at 1.2264. One of the reason is because it lands within the sell zone and the precise level is due to a more advanced charting technique that I want to keep it simple.
Pre Market Levels are CRITICAL in Day Trading 10X Gains For MeCME_MINI:ES1! AMEX:SPY NASDAQ:QQQ CME_MINI:NQ1! NASDAQ:TSLA
I wanted to share a basic strategy I've been using that has helped me increase my profitability almost 10X
Most people don't know that when the regular trading hours (RTH) markets are closed, the futures markets are running
Generally overnight action during the pre market will set a clear high and a clear low. Those key pivots are hidden support and resistance that you WILL NOT see on the normal chart.
Strategy
1 - Draw the Pre Market High/Low
2 - Use the Fibonacci tool in the direction of the overnight action either Bullish or Bearish
3 - Use the 0.618 Level as the KEY Algo level where you BUY THE DIP or SELL THE RIP
4 - Rinse and repeat - Always have a stop loss at the last major pivot and scale out profits over 25%
Here is a more complete video guide from a trade I took last week:
www.youtube.com
Is XOM a sell for the rest of this week? $110 or below?I have been patiently waiting for a break above $114.16 on XOM. (Typically very even level resistance and support levels are great traps to reverse us the opposite direction of the initial breakout) When we got it we immediately fell below on the retest, leading me to believe this is a false breakout to trap buyers from more volume based on earnings. Additionally, once we started selling above $117, we reclaimed the zone and retested earlier this morning and immediately rejecting all the way back down o $113. If the potential lower high is at $115.84 and can stay under $116, I think there's room to $110 or below.
Fed day is over, have we already had our fun for this week?
OCEAN/USDT. BitVero Crypto Academy.
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
SWING TRADING: EURUSD BUY LIMIT ORDER. TARGET 1.09190TRADE TYPE: BUY LIMIT ORDER
TRADE DIRECTION: LONG
TIMEFRAME: 4H
ENTRY PRICE: 1.08700
STOP LOSS: 1.08220
TAKE PROFIT: 1.09190
RISK TO REWARD: 1:1
ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
SWING TRADING: USDCAD BUY LIMIT ORDER. TARGET 1.35670TRADE TYPE: BUY LIMIT
TRADE DIRECTION: LONG
TIMEFRAME: DAILY
ENTRY PRICE: 1.34380
STOP LOSS: 1.33100
TAKE PROFIT: 1.35670
RISK TO REWARD: 1:1
ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low.
Follow this thread for any future updates regarding this specific trade.
CAUTION: Trading is a Probability Game and could wipe out your account if risk management and strategy is not followed properly. Cheers
Week of 1/30: AAPL Supply and Demand LevelsFor those trading AAPL this week, earnings are this Thursday.
I have supply at $146.60-$147.25, if we break above this zone I will look for a retest of this level to go long. I'm looking for $143.30-$144 to serve as our demand zone. Otherwise, there is a gap to fill to $141.87 on the 5m chart (not shown).
Left Chart Indicators:
15 minute
- 9 SMA: Yellow
- 200 SMA: Red
- VWAP: Blue
Right Chart Indicators:
1 hour
- 9 SMA: Yellow
- 50 SMA: Green
- VWAP: Blue
Week of 1/30: SPY Supply and Demand LevelsI'm expecting a retest of supply around $407-$408.20. Otherwise, I'll be expecting a retest of the broken $403-$404 supply. If we start to reject and stay under this 2nd level, I'll be waiting for $400.
If we can hold and break above $408.60 next week, I think the next stop is to retest $410, where we are likely to face some strong resistance.
Left Chart Indicators:
- 9 SMA: Yellow
- 200 SMA: Red
- VWAP: Blue
Right Chart Indicators:
- 9 SMA: Yellow
- 50 SMA: Green
- VWAP: Blue
SELL AUDUSD AT RESISTANCE LEVELHello ! According To Me AUDUSD Will Fall From Resistance Area . AUDUSD is Now Trading Near Daily Resistance Area . When Price Reach At 0.7135 Level Then You Can Take Short Position With SL 0.7180 & TP 0.7050 Price . I Hope We Will Make Good Profit From This Trade .
Thank You .