BANKNIFTY can be bearish from 51466-51647 51466-51647 Levels are very important for BankNifty to sustain. If it break above these levels, then a new all time high can be seen in Sep month. Mostly likely, BankNifty could fall from here to be bearish again and break 49,815 levels. This level is a pure selling level above the fair value gap that was created on 5th Aug.
Trapped-traders
TITAGARH could get a rebound from 1154-1219 levelsTITAGARH is a stock that is known to never fall much. But in the current scenario, a lot of long term investors are trapped and a lot of panic selling is seen in this stock. In my view, it may get a rebound from 1154-1219 levels once again. This level is the place where last heavy buying was observed last which created a big fair value gap in the price.
Why we should not be trapped in the current situation.Essential and robust reasons for a bullish move:
1-RATE CUTS are coming soon! Everyone knows it, but big players want you to be a SELLER! ( THEY BUY).
2. The COT date confirms this! (Commercials are BUYERS! While non-commercials (poor trapped traders) are sellers).
3. Many strong support lines, levels, and patterns push the price up. ( Head and shoulder, two strong trend lines).
4. New US statistics are now revealing the negative situation in the USA after all those strange and positive data during January.
www.tradingster.com
Gold long idea Based on the weekly market structure the following statements can be made:
- Following the previous 3 week's trend, we are looking at a classic market maker dump&pump scheme.
1) price is dropping on Monday and thuesday.
2) On Wednesday price normally makes a fakeout to the downside, trapping breakout traders
3) Market makers pump prices to the opposite direction on thuesday, collecting the liquidity from the trend.
We have 5 confluences for bullish price action:
1) Price touched a 4h orderblock
2) Price broke below a previous low, creating a discounted price on Wednesday.
3) price created a triple wick rejection with bullish engulfing candle on the 1h chart
4) We have trapped volume from wednesday's New York session
5) selloffs are bought back instantly (seen on the 5m chart)
Trade wisely,
Peter
AUD/NZD Uptrend setting up possibly. My prediction is that price will reverse upward from these lower levels. I've added an element in my algo to detect where price doesn't go in a given day. From backtesting and spending hours analyzing across multiple pairs, I can confidently say that price usually fulfills a set range before extending to lower or higher price levels. When it doesn't fulfill those prices especially over an extended period of time, there is a strong reaction when it comes back later. Especially much much later. I believe that I'm seeing that setting up here. If price doesn't come down and continues up instead, that's fine. I'm only comfortable buying when that level gets hit. It's definitely a setup I'd take even if I may be wrong. FX:AUDNZD
$ES - Key levels - will shorts be trapped??Weird day today with NYSE VOLD up all day while NASDAQ VOLDQ down all day. Clearly shown by the big range indecision movements.
Key level to watch for a potentially huge bull run
- $4011 area, a breakout could trigger a significant bull run and catch shorts off-guard
Any thoughts?
$SPY $SPX $ES $QQQ $NAS $NQ
AUD/USD possible bottom with trapped long timeframe breakouts.I see a lot of accumulated volume underneath large timeframe breakout levels.There are weekly breakouts,monthly,and the year being pushed down. Sellers are chasing it down and it has already broken past my first 2 levels. In the coming days or weeks, I'm looking for price to hit the rest of my levels before reversing to hit the chasers and breakouts. FX:AUDUSD
Short BTC! Longs just got trappedWe're currently well above the VAH (blue dotted line). BTC has failed multiple times to break through the top of the horizontal channel. These are signs of weakness.
What's more, on the above image, you can see a wick above the channel on high volume, which means a lot of longs have opened at the top. Right after, we see a rejection on high volume. This means all the longs that have just opened are now trapped. If price reverts to their entry level, they are likely to close their long, adding selling pressure. That is IF they get that chance...
The other scenario is that price does not revert to their entry level, but instead moves down further. In that case they'll get liquidated, also adding massive selling pressure.
I'm targeting lower levels. Always use multiple TPs and move SL to entry once TP1 is hit.
How "Smart Money" Uses Your EmotionsWhen trading most of us entry our trades TOO EARLY. Ofcouse we don't want to miss the opportunity to make money. This is one of us basic fear and its called "fear of missing out" Everybody knows this fear but we still feel it. And it is not just trading. You feel it when your friends go out and they did not invite so you feel miserable and left out. So its natural and I struggle with it myself everyday too. The thing you gotta understand is that the "SMART MONEY TRYES TO TRAP YOUR TRADES" using your fear of "fear of missing out".
For example you can see in the chart the circles that I marked when doing my backtest. See Theres normally some type of keylevel like support zone that the price touches. Everyone is expecting that the price is going to bouce after touching the support zone which it does. But before that the price breaks the support zone slighly and traps everyone to get more liquity to the trade. They dont do that to just bully you they do it because they need more contracts to buy and if peapol think its a bear breakout theres a lot contracts for good price to buy. They just try to hedge they position and get the best Risk Reward ratio. You know that feeling when the trade feels perfect and the you get wicked out. I know bro it hurts.
So how can we avoid these LIQUITY TRAPS?
The Markets always tests your patinece in situations like this. But i get that you cant be just patient to make money in the markets because if you have too much confirmation your probably late and if you have too little confirmation your probably in a risky situation. Everyone struggles with this and theres no one right answer. But what i can suggest you to do is wait for the VOLUME GRAB and then entry your trades. Then theres bigger chance to a winnig trade and it will be easier to trade when i dosen't give you mixed signals.
When Trading
1) Be patient
2) Wait for the volume crab
3) Get the confirmation that your strategy needs
Im trying to build a trading strategy to this specific relying on these "Smart Money Traps". So Follow if you wanna see the future UPDATES!
What You Could Have Expected From Zoom's Earning Report?It can be tough sometimes to play ER, but I commend those who have the nerves to consistently play ER's. We know prices can go either way when dealing with earnings.
A company can beat on ER and gap down, a company can miss on earnings & gap up. Sometimes it feels like playing the lottery with ER plays.
There are some things you can notate before you play an earnings report.
Like how has the asset been performing leading into earnings? Has it been bullish? Has it been bearish?
What's the overall sentiment surrounding the asset?
How has the asset been performing against the market?
What is the market doing? Does the overall market seem bearish or bullish. Does the particular asset move with or against the market?
Don't just assume what the asset will do regardless of what the chatter is.
Leading into it's' ER, Zoom has been in a continued downtrend like a plethora of other stocks. Seeing this, along with price action leading into ER. I could expect for Zoom to pop after hours, Why?
One reason is that it has been in a steady decline. There were "trapped bulls" at the 107 area & price made a double bottom from the May 20th trading session into the May 23rd trading session around $85.
Seeing that, along with price being in a steady decline & the chatter of a earnings beat. You could have went long with 95-107 calls with a SL at 85(even though SL's are no good post-market). Nevertheless, Zoom pushed to 107 after hours before fading. Again, ER plays are tough, but there is a method to the madness as well. If you played Zoom's ER, I hope you were on the right side of it.
Catch yall on the next post.....Peaaaacccceeeee!!!!
GBPUSD: Join Buyers ⏏️The impulse breakout from the morning announcement has a bullish imbalance within it. As soon as the imbalance is filled on the footprint, we can proceed to buy into the trapped buyer zone.
Updates to follow Alkalites!
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
🚨 RISK DISCLAIMER:
Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use a tight stop loss.
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trapped long time ...Do not rush Bitcoin is still in the downtrend channel. There will be better times for long-term entry. In the daily time frame, the market trend may be positive for a few days. But keep in mind that the overall market trend is currently declining and Bitcoin and the market as a whole are trapped
BITCOIN (BTCUSDT) QUICK TA SCENARIO...Let the image speak for yourself...
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1INCH trap idealet's try to be the trap some traders on 1INCH,
we could try to enter below the last two relative lows where lots of traders have their stops.
In that spot we are facing also a pretty cool demand zone so I am expecting some serious reaction,
the risk-reward 1:5 is nice and it's worth a try
SQ double bottom?This is a very classic setup on SQ. Buying off daily 200 on a double bottom. And in the last 3 bars it was a perfect breakout. Nice close today. Nice increasing volume on the long bearish dip in Oct 4th meaning people are trapped. Nice 1.4 risk/reward ratio.
But the experienced trader inside me is yelling and saying I should buy the stop of this classic setup. What do you think I will do :wink:?
It Looks Like A Double Bottom But Very Likely Could Be A TrapI was looking at this earlier as a potential double bottom with bullish divergence and was looking to take a position after the sessions opened but after a few hours of waiting and letting the trading of this asset go on during the sessions i have not seen anything that would signal immediate bullishness.
I think that this "Double Bottom" Has potential to trap many bulls and instead send the price down to around $9.
The signal i will be using to enter short is once the MACD breaks the trendline and crosses bearishly i think we will see a nice move down to the $9s
EURJPY forecast Price has broken support turned resistence. However, it formed below the resistence a hammer candle. The current becoming candle is most-likely to fill the hammer's wick till friday this week. So we need to have a bit patience and maybe we need to adjust our SL so we don't get into a bull trap.
BTC/USDT RSI DIVERGENCE (Very Interesting!)BITBAY:BTCUSDT
we are making HIGHER LOWS at the RSI chart and we are making LOWER LOWS at the price action.
I am not the only one seeing this but something that you need to know... Why are we even ignoring this.
Why are we focusing on complex TA than focusing on the obvious ones.
Guys, I know its been a long tiem since I posted here, I have a youtube channel but I am using my native language.
About my absence I thought I had CoV*d this past week or 7 days or so, I don't know what happened but I feel so sick, and even got the symptoms
of the said Virus. I had to stop from working and posting to make sure I am healthy but I am back now. I am still open for your suggestion and love to be proved wrong and even more proving you guys wrong at some point as well in a healthy manner or conversation and acting like grownups.
Thank you guys for still waiting for my post. Hi there 33 Followers. How are you? How you've been coping up; tell me.
I wanna know really. Chat with me at the comment section.
Oh btw check my BTC USD bitstamp. I am still warning you guys please cut off the noise and trade your plan. I am just sharing you what I see and I hate what I saw that time. No one wants losing money. but being bear at the bull is not good and it is way way worse if you become bull at bear market. Trade with me?