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Wakeupinprofit

XAU/USD Asian Range Backtesting Notes: Asian Range is 19:00 - 00:01 (7pm-midnight est) on 1Hr time frame Gold plays well off the Asian range Highs and lows are usually Whole numbers ; Asian mid is on or around the 500 lvl Best entries (London): 12:30 - 2am est after range has completed Best entries (New York): 7:30 - 8 est Entries taken from the Asian high low ONLY after the range has completed Profit levels can be found previous Asian levels or previous higher time frame Highs/Lows (look left for history) TRADE THE TREND: Marking off Asian levels on a consistent basis help build the story for which trend is in play. From day to day, asian levels turn into each other often or turn into opportune entry points. (i.e Tuesdays Asian High = Wednesday Daily High, Wednesdays Asian High = Thursday Daily Low) Avoid countertrading for the biggest rewards & chances to scale in on one position. BE PATIENT! Trading outside the times & zones will leave you in consolidation, whipsawed, stop hunted or just waiting for price to move vs getting parabolic movement after entry. *Please like and comment below as you see fit. I am trying to build my reputation on tradingview and it would be greatly appreciated if you show love if you received value #WakeUpInProfit #TeamWakeUpInProfit
OANDA:XAUUSDEducation
by WakeUpInProfit
GBPCHF UpdateUpdate on GBPCHF: Price created highs into our supply zone 8/10 Price created a low right below the supply zone around the 1.27500 ana made a return back to our supply zone 8/11 Price came to equal highs from monday and created a wick and began to drop. From here we would like to see price drop to the 800 level and close below it. The 800 level is also located inside the "Golden Zone" of the Fibonacci retracement tool, which can be used as confluence for our sell. When inside the supply zone we are entering the market with a "Sells ONLY" mindset. We are looking for our best possible entry within the supply zone to hold this trade back to the demand zone (Which would be the perfect setup). SL above wicks at previous highs which would be 10~15pips. Our overall target is 180~200 pips. Refer to previous analysis for more details. ** Please like and comment below as you see fit. I am trying to build my reputation on tradingview and it would be greatly appreciated if you show love if you received value. I trade basic supply and demand in combination with price action, quarters theory and psychological levels in the markets. If you have any questions, please let me know. #WakeUpInProfit
Short
by WakeUpInProfit
GBPUSD Sell IdeaGBPUSD started the month by buyers losing momentum and sellers coming into the market. Since then price has been creating lower highs and lower lows. We are currently sitting at an area of support between 1.38325 and 1.38375 GU has been creating steady market structure which is perfect for us to take it zone to zone everytime; Paired with quarter points it makes it clean where price can possibly go. Entry Criteria: We can take two approaches to this trade. A) The Conservative approach -Wait for a 1hr close below our key level -Break and retest of the zone -Enter on retest B) Fibonacci Entry -Fib drawn on 15min time frame impulse to impulse -Enter when price reaches the golden zone Between 50% & 61.8% levels. Both entries are valid. Price created a 15min OB at the top of the key zone. Price is currently reacting to the 27% level and a bullish pinbar was created signifying sellers are still in the market, confirming we are on the right side of the trend. Risk to Reward for this trade is 12:1 We are risking 6 pips for a target of 75 pips If you take the more conservative entry your risk to reward would be 6:1 Risking 12 pips for 65 pips Be patient and wait on the setup to come to you!
Short
by WakeUpInProfit
GBPCHF Sell IdeaGBPCHF has hit a Supply zone at the 1.28000 level, if price respects this level we expect sellers to push price back to the demand zone between 1.27500 and 1.25500. As of 12am New York Time (11pm central) price is currently consolidating below the supply zone. It found support at 1.27500 which started the ranging of price. -Entry Criteria Price Leaves Supply Zone and rejects area Break and Retest of Supply Zone Candle Close below 1.27500 -Things that we want to see Buying Volume decreasing Engulfing candle that takes out our area of interest @ the 1.27500 level. Price return to the demand zone. -Things that may happen along the way Price may find resistance at the 1.27000 level. Here we may see consolidation followed by a return to the supply zone or Selling pressure will push through this level and we will aim toward 1.26500 as our TP2 and trail our stop. Ultimately we are risking 11 pips on this trade in an attempt to ride this move from 1.27500 to 1.26000 for a total of 180 pips From our entry to our target our Risk to Reward is 16:1.
Short
by WakeUpInProfit
Nas100 Final UpdatePrice has reached our final take profit at the 4H Supply Zone. All 3 take profit levels have been reached! Such a great trade! I didn't stay in but either way the analysis is spot on with great R:R & thats what we strive for each and EVERY time we trade! Please like and comment as you see fit. I'm trying to build my reputation on trading view. I will be posting more consistently and would love to start a small community of traders to grow and earn with! Thanks in advance guys & welcome to #WakeUpInProfit
FX:NAS100
by WakeUpInProfit
USDCAD Bias: Short term sell ; Long Term BuysShort term we are looking for price to finish at the demand zone which acts as a magnet for price. We want to see price consolidate at the demand zone, break the zone then retest for our optimal entry. The buy offers a 4.7:1 RR even if you wanted to use a conservative stop loss by placing the SL below the demand zone, the trade still provides 3:1 RR which meets the minimum requirement for us to enter. Please like and comment as you see fit. I'm trying to build my reputation on trading view. I will be posting more consistently and would love to start a small community of traders to grow and earn with! Thanks in advance guys & welcome to #WakeUpInProfit
Long
by WakeUpInProfit
Nas100 Update This trade played out perfectly. We got a break and retest of our zone before price came to our entry. After it took off straight to our marked zones at previous highs during the week. I’ll be training my stop loss below consolidation zones we continue moving higher. If you decide to continue to hold, the next target will be H4 supply zone. I will be closing because we reached the top of our current supply zone and per my trading plan, it’s time to close. This was a great trade. We got a Great entry + Minimum risk. Please like and comment as you see fit. I'm trying to build my reputation on trading view. I will be posting more consistently and would love to start a small community of traders to grow and earn with! Thanks in advance guys & welcome to #WakeUpInProfit
FX:NAS100
by WakeUpInProfit