ES and SPX Trade Plan 10.13.23The primary level yesterday plan was 4430-4450 zone which was expected to be resistance for longer time frames as well as for the intraday session.
We could barely do any trading above this level and we traded down into 4400 even before the cash session opened for business. 4400-4410 has even an important level for past few sessions and I expected some support to come in here which was indeed the case as we saw about a 20 dollar rally from this level.
Eventually this level broke down, support became resistance and we traded down into 4350 in afternoon.
Scenarios for tomorrow
While I liked the action at 4430 as a longer term bear, I did not like the bounce from 4350.
For tomorrow’s session, both 4380 and 4350 could be important levels.....
Trade safe and Stay Frosty!
For more info on today Plan link below .
Tradeplan
GOOG Entry, Volume, Target, StopEntry: with price above 134.08
Volume: with volume greater than 27M
Target: 143.16 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 134.08, 131.40 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Watching AMZN break of 139.64 for continuationThe headline chart is a 15 min chart, but it's easier to see what's really happening on the 5 min chart where it broke a wedge downwards and remains to reject entry back into the trend:
I'll be watching for breakdown entry under 139.64 only if it retests it and confirms resistance. I would be looking for 138ish.
Already played NASDAQ:AMD for +20% today. Continued to +50% on strength.
Welcome to follow for more insights.
Of course, this move is cancelled if it breaks 139.98 and becomes support. Thanks for reading.
India - Stock Ride the Revival of Reality - Kolte Patil - Trade NSE:KOLTEPATIL
INDIA Company is in real estate business (Residential & Commercial) with dominant presence in the Pune and growing presence in Mumbai and Bengaluru.
Koltie patil
Company markets its projects under two brands:
'Kolte-Patil’ (addressing the mid-income segment)
‘24K’ (addressing the premium luxury segment).
Market Presence
Co. has delivered more than 20 Million Sq. Ft. of area across Pune, Bengaluru and Mumbai.
New Launches
Launches planned across
all 3 cities of presence –Pune, Mumbai &
Bengaluru with saleable area of ~7.2 msf
Aggregate topline potential of over ~Rs. 5,700 crore
Project Portfolio Q-1 FY 2021-22
29.38 million sq. ft. (MSF) project portfolio -
Under execution - 3.22 MSF
Approval - 10.36 MSF
Land bank - 15.80 MSF
Tie Ups under Capital Light and DM Model and expected Revenue and Profits
FY 21
Signed three new projects with a
combined saleable area of ~2.2 msf in
Pune (Baner, Moshi, Wagholi) under
capital light models. Expected Total
Topline of ~Rs. 1,500 crore and KPDL
PBT of ~Rs. 220 crore
Three redevelopment
projects with a combined saleable
area of ~0.52 msf in Mumbai (Evara,
Verve, Vaayu). Expected Topline of
over Rs. 1,000 crore
FY 22
Signed two new projects with a combined
saleable area of ~1.3 msf in Pune (Hinjewadi,
Tathawade) under DM model. Expected DM
fees of ~Rs. 80 crore
Three redevelopment projects with a combined saleable area of ~0.3 msf in Mumbai (Sukh Niwas, Golden Pebbles,
Jeevan Sudha). Expected Topline of ~ Rs. 700
crore
Bought Back Stake from ICICI
KPDL entered into a share purchase agreement to buy-out the 50% stake held by 2 funds managed by ICICI Venture Funds Management Company Limited in the flagship Life Republic township project. The buy-out consideration was of Rs. 210 Crore and it is paid fully.
Project Funding and Partners
1) Kohlberg-Kravis Roberts (KKR) committed INR 193 Crore in the R1 sector of Life Republic, Pune.
2) Company entered into a Rs 120 Crore agreement with an affiliate of J.P. Morgan Asset Management for its redevelopment project Jay-Vijay Society in Vile Parle (E), Mumbai.
Residential Development Platform
The Co. announced creation of a residential development platform with Planet Smart City, to develop 15,000 housing units. It will focus primarily on development of aspirational housing projects in Pune, Mumbai and Bengaluru.
CEO appointment
Mr. Gopal Sarda resigned from the post of Group CEO of the Company on 10 June 2021 and Mr. Yashvardhan Patil’s was appointed as Group CEO of Kolte-Patil Developers Limited (KPDL) w.e.f June 12, 2021.
Awards
Company received The Economic Times - Brand of the Year Award in 2019
Brand Excellence in Real Estate Sector
Nifty50 Intraday Levels TradePlan Analysis Aug 08Black Line zones - Resistances
R1 - 19617-19639
R2 - 19723-19795
R3 - 19805-19822
R4 - 19842-19876
Green line zones - Demand
S1 - 19593-19574
S2 - 19555-19510
S3 - 19595-19462
S4 - 19350-19295
Analysis:-
Nifty is in a process of forming a retracement , Lower High for the Downtrend formed. But if it moves strong above 19684-19733 which is the 78.6% to 88.6% retracement levels of the previous major swing, which also coincides with the Gap supply zone and out of the falling channel that has formed, then there are high probabilities that the market trend would change to uptrend.
Trade Plan:-
If the Market opens flat,
1) Would look for any rejection at the Trendline and initiate shorts till the demand levels such as today's day low, Friday's day low based on price action and setup confirmation.
2) Can also look for reversal trades at the demand zones marked post consolidation beyond 10:15 AM.
3) One can initiate longs if the trendline breakout happens post-consolidation beyond 60-75 minutes of market opening.
If the Market opens gap up,
1) Will look to short the market at the mentioned supply zones and run till the gap filling happens or till the Trendline support or the marked demand zones based on Technical setup confirmations.
2) One can initiate longs if the trendline breakout happens post-consolidation beyond 60-75 minutes of market opening.
3) Can go long once the gap filling is complete based on Technical setups.
If the Market opens gap down,
1) Will go short if today's or Friday's low is broken.
2) Will go long if gap is at demand levels marked with CONSOLIDATION and setup confirmation. Would look to run till Trendline/Gap resistances.
Happy trading! Please do comment for suggestions.
Please do check for Demand zones below 19200.
Nifty Analysis and Trade Plan for August 4Market Analysis –
Overall structure – Downtrend/Bearish, although buying is happening at the lower levels, yet to reach the final targets of this down wave that has begun. Targets as per M pattern breakdown, descending triangle breakdown – 19235.
The market has clearly broken the M pattern and descending triangle support, took a retest at 19545 zone, and proceeded to break the previous swing low thereby confirming the downtrend.
Also Nifty has broken the long-running channel support.
Shorts –
When breaks PDL in a sharp move / consolidation move.
When price gets rejected from TL resistance/ 463-472 zone/PDC zone, sharp down move or consolidation move with setup confirmation.
Longs –
If price takes support at PDL , entry only after consolidation breakout, no sharp entries, if sharp moves, then ignore.
Resistance zones are marked in the chart. For support zones kindly refer
People who are not interested in depth probabilities and relevant trade actions list,please ignore the below.
In detail Probabilities -
The market opens gap down – within today’s low range –
Price may take support at today’s low and move to today’s close or till 19463-478 zone or trendline retest. Can look for long only if price consolidates, multiple times take support at the same zone before moving up.
Or
Price may consolidate and move down breaking today’s low. Can consider entry based on consolidation breakdown or even sharp down move breaking today’s low based on setup confirmation.
Or
Price may move up to fill the gap or even higher and the eventually come down, would prefer to trade shorts only based on setup confirmation at PDC/TL resistance zone/PDL.
The market opens flat --
Price may move up till max 19463-478 zone or trendline zone and come back again till today’s close and consolidate there before any further down move. Could probably look for short opportunities in the mentioned resistance zones – Can consider consolidation or even sharp down move with setup confirmation.
Or
Price may move down till today’s low and consolidate further before any further down move. Could probably look for short opportunities post price compression/consolidation when today’s low is broken.
Or
Price may move down and take support at today’s low and move to today’s close or till 19463-478 zone or trendline zone. Can look for long opportunities only based on Price action at the lowest range if it happens with a consolidation.
The market opens gap up --
Price may plausibly get sold off till today’s close and then consolidate and move down further. May be worth looking for short opportunities at least till today’s close and then further based on PA, sharp/ immediate entries also, based on any setup confirmation.
Happy trading!
QQQ Entry, Volume, Target, Stop
Entry: with price above 387.98
Volume: with volume greater than 54M
Target: 398.92 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 387.99, 382.52 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
$DXY - Keep an 👀TVC:DXY CAPITALCOM:DXY
TVC:DXY - Keep an 👀
Currently we are within the range: Lows: 100.820 Highs: 103.150
Pattern: Wedge
We are at an very interesting area when it comes to dollar! Keep your eyes wide open a break above 103 areas, we could easily go towards 105 handle. However, if we are to close below the range of 100 areas then bears are still in control. A great break out trade idea!
Keep in mind those trendlines going down.
Trade Journal
GBP - 1.24 Lower Next?!GBP - 1.24 Next?! CME:6B1! FX:GBPUSD
GBPUSD - 1.24 Next!
We've had a great run, I'd still be buying longer term dips on GBP - However, for now I feel a pull back is due and this is great opportunity for us traders to take opportunities of the bull and bear side!
Overall pattern, wedge - We've broken to down side the first area of interest to me is 1.24/ 1.23 high areas and the next would be 1.22 areas! If we are to close above 1.25 i'd be re thinking this plan...
Trade Journal
(Not Financial Advice)
NQ - Interesting area!NQ - Interesting area! CME_MINI:NQ1! GLOBALPRIME:NAS100
Another key resistance area
Highs: 13248.75
Lows:12957.00
Currently we are still within the ranges even though we've had CPI print we did escalate higher, but couldn't go above key resistance of: 13230 areas we could need break higher above that resistance to go towards levels of 13347.00. However, if we are to break below the lows I expect 12800 areas to be key support that could be reached!
Pay attention!
Trade Journal
USTECH100CFD 31 MARCH 2023 (NASDAQ)Findings:
1) Dow Theory Previous HH broke possibly will make new HH.
2) Cup and Handle breakout neckline breached.
3) Bullish Flag Formation Hight point breached.
4) History: In correction phase never goes sides ways, always makes V shape recovery in Daily Time Frame.
Analysis:
Strong Buy Call, Buy on Dips
Trade Plan:
ENTRY 13002
STOPLOSS 12460
TARGET 1 13430
TARGET 2 13850
GBPUSD TRADE IDEA / DAY TRADE / LONG (UK - RISK EVENT)This is trade idea for GBPUSD Day Trade Trade
-Buy in Order Block Area TF5M Near Sell Side Liquidity (SSLQ) of asian session with range 1.22674 - 1.22614 according to the confirmation that will occur.
-This trade for Event UK Retail Sales news.
-Risk Reward 1:3
#ES_F Thursday 1.26.23 Overview Review: Last night Globex opened and drove under 4030-25 trapping supply over which started our move overnight move. Yesterday we had signs that inventory is still low and someone is buying, Globex was used to drop the bid under Previous day low which helped get us under 94-89 and our T2 Low Support which made more people sell out into the buying under 3976-71. Once selling has stopped the inventory was short and our supply was back over 4030-25, today showed us that there is still size covering and wanting that supply. 4076-71 was look below and fail, once we got back over T2 Low and 3994-89 position was below us.
Overview: Interested to see what we will do in Globex tonight, we still have supply that is coming out from above this 4042 area and now our buyers are under 4025 and under 4012-08. If we break under 4030-25 there might be a chance to visit 4012-08 or close to it, if we wont see a full test or break under it that will show strength going into RTH but it might be a tricky day as we might be trying to get as many sellers shaken out before making another run at bigger Supply area. as long as we are holding over 4000-4012 area there is a good chance to make another attempt higher to 4046-42 // 4061-56 which would be our T2 High and maybe get close to 4084-77. Ideally we don't go there tonight first but instead come down lower and consolidate. If we do get over 4061 at whatever point that is not the best area to add because that is an area of bigger supply and things can come to an end quick. Area to be careful at.
If we do break under 4012-08 - 4000 those will be first red flags and break and hold under 95-89 would be a big warning might change things to the downside pretty quick.
Levels to Watch: 3994-89 // 4012-08 // 4035-25 // 4046-42 // 4061-56 // 408477
How to Create a Trading Plan for Trading Success! Hey Traders so I figured because it's a new year why not start the year off right by setting us up for success. Having a trade journal or Trading Business Plan may be one of the most overlooked aspects of trading. However in my opinion it will separate those who are successful from those who are not. Trading is a game of probabilities and odds. Mistakes made are sometimes be very costly. Sticking to your trading plan along with money mangagement will allow us to survive the storm that we may face in the event of a drawdown. Also when we are up and riding the wave it will keep us from letting Fear, Greed and Hope getting in the way of profits.
Enjoy,
Trade Well
Clifford
TRADE PLAN 01/04/2023TP1> If we manage to Trade/Bid above MAIN POC 3841,
we can go for 3858 > 3880 > 3913 > 3924 > 3943 > 3965 > 3979 > 3995.
>To the upside, the level I'm looking it right now is the 3860, that's the POC of those last 11 days, we need to trade/bid above so we can try to break the LIS 3913/3915, where BULLS are losing the battle.
TP2> If we manage to Trade below MAIN POC 3841,
we can visit 3824 > 3800 > 3787 > 3766 > 3728.
>To the downside, the level I'm looking is 3824, as we are already trading below 3960 11 days POC, so once we confirm below 3824, we have to break lower to find strong sellers to push below 3800, where BEARS are losing the battle.
* We are trading in this 100 points RANGE from 3800 to 3900 levels for the last 11 days or about 2 weeks,
I would say that the market structure are balanced, looking for stronger BUYERS or SELLERS around the VALUE AREAS.
For now no direction in the markets, just range trades, we should break anytime soon out of this BOX and I would like to see the TP1 working tomorrow as I'm positive delta after this nasty $AAPL Drop.
$TSLA was also ugly today, -12.24%
#tradesafe #sizekills
SPY - kung fu chop the chopIn review. I see a lot of people complaining about "chop" lately. These are not the people to be following in my honest opinion. There is opportunity in all markets it is just a matter of risk management and being able to navigate the choppy waters. Circled some of the opportunity I took in this "Chop"
A week in review these are some of the best trading days I have had.
Sometimes the easiest trading is done in chop but you have to be patient and let it come to you.
Don't let the chop push you off course. Stick to your trade criteria and navigate accordingly. You just need to be patient, post your lookouts, and be ready to sound the alarm to enter the right trade.
Set alerts off of great areas of value so you don't have to spend the entire day staring at the screen.
Trade safe have fun!
FTM/USDT Elliott Wave count 12H TFFantom into a falling wedge pattern what I think it is a 5th wave ending diagonal, translated into Elliott wave theory.
Probably we ended the wave A from an ABC 5th wave of a 5th wave bigger degree and now we may enter into wave B from this ABC pattern(red count).
A trade plan here is to sell into 0.5 - 0.618 fib retracement (0.235 - 0.226 zone) of the wave A where also we have a strong resistance, the red pointed slope trend line.
Targets for this 5th wave is 0.150 - 0.145 zone where we have previous low from July 2021. We may take into consideration a truncation here as 0.618 fib extension 3rd vs 4th it perfectly aligns with the previous November 22 bottom.
Bigger picture remains bearish on FTM.
Any breakup of the wedge pattern will invalidated the count!!
If you want me to analyze other coins that interest you, please write in the comments, I will gladly do it within the available time.
Good luck!