


BlackMarketButcher
PremiumDue to unforseen events, I have updated my chart. We bounced off an old daily level. I will be waiting for a sweep of the low because my bias is that this is not a V-Shaped Recovery. I'll be waiting for divs on the 4hr and volume spike on the 7m.
Waiting for divergence confirmation on 4hr and volume spike on 7m or 2m. Will enter trade if price falls below level and re enters it. Risk will be managed, will medium position and tight stoploss.
Trigger: 4 hr divs scaling into trade and adding to position not adding if theres drawdown
It has been quite some time since I have posted something on here. I have learned a lot from the community here as well as years of being in the trenches failing over and over again. When I finally broke even, I stopped posting and I just continued trading. This was a poor decision because I have abandoned the very community that has helped me develop my...
I havnt post in a while, but this might be a possible swing trade coming up. Im too lazy to explain =)
A short explanation of the trading plan I posted earlier. I am hoping that I can communicate my trading plan to where more people will understand how I come up with these levels. Hope this helps explain a little bit better.
We have a nice clean rejection off the monthly level. However I would like to see ETH pump to about 1320 with divergences on the 24min and below. There is a high level of confluence from 1316 to 1320 that we should get a reaction off of. So far ETH has been very respectful of these levels and this could possibly be a sign that the 1320 level will have a clean...
If two 30min candles close below the previous day Value Area High, This will trigger my short position. Stoploss is above last swing high. Take Profit 1 will be at the Previous Day Point of Control Take Profit 2 will be at the Previous Day Value Area Low Thanks you
Why I don't long a retest: Weekends are often misleading. I go over a couple of scenarios of possible trades I will take. I also go over why I avoid trading breakouts or retests.
I post ideas and sometimes probability happens to be in my favor. However, sometimes my ideas don't work out and the price blasts through my entry targets. I use a simple trigger that helps decide whether or not to enter a trade. If you do not have a trigger, what this to see one of the triggers I use to enter trades. This video I go over divergences. I...
This is definitely slow mo I do not think ETH will reach my short entry anytime soon. Been scalping the highs and lows of this range and these scalps feel like swing trading lol. I guess I'll go pick up a hobby or something and come back when the markets start ripping again. It was a fun Bull Run, It was a fun crash to ride too. Can't wait until 2024!!!
The Golden FIB is at it again! This time it did its magical powers on Inflation. What can can Mr. FIB do next? Will its power dominate the world?!?!?!
ETH has been dead for the past few weeks, but here is a possibility that may play out if we follow Market Structure. The short position I have is a thick resistance. We have a golden pocket within the range Point of Control. I do expect to get a reaction on that resistance if we manage to climb up to it. The Long position is weak. If this long does play out, I...
I wish we could stay in this range forever, I was able to get some good scalp practice in. All good things must come to an end though. My initial plans are still the same. IF WE DO get a clear rejection off of this next level, I'm going to take profits at TP 1 and pull my stop loss at my entry. If we are blessed by the bear gods, we can possibly ride this short...
The last Crash had over a 35% drop on the S&P 500 I took the Short Position measuring tool and dragged it over. I then took a Fib Retrace Tool and pulled it from the bottom of the COVID Crash to the All Time High. The trend line I lined up until it intersected both FIB levels and 35% from the ATH. I got some Confluence at that level and the timeline from the...
Here are some targets I have for the week. These levels are areas that I am expect a reaction from the price. I will be looking for Divergences to confirm my entries. Hope that some of these levels make sense and help with your TA. Good luck
I do not typically trade on the weekends due to low volume, but I practice paper set ups. This could be a fun range to scalp this weekend. Fixed Ranged Volume Profile and FIB's: When Volume is low and markets settle down, using volume tools can help you backtest scalp trades. For example, when we lose the Point of Control, do you short? 1) plan a stoploss...
A quick video of adjustments I make to my charts as price prints. This is basically a part 2 from my last video.