This is a break down of Tone HAyrod the Forecastah"s master planTHis is how I have finally began on the journey to freedom. I have realized the it is the level of attention, dedication, focus without distractions is the only way to become to desired terms. I believe after 15 years of trading I have mentally developed my strategy through many teachers, research and most of all expirience. I have developed a strategy that I must complete and document before I move on. I Present the twodyago Equity Specilaist. Day 1 BTC is interesteing so lets start there.
Candlestick Analysis
FIIs continue to weigh in on Nifty Index. Unblemished sell off from FIIs has dampened the festive mood of investors in the Indian markets. Looks like there was not much support for DIIs today as Retails investors might be busy with Diwali festival so FIIs today had a clear upper hand. There are signs of bottom formation and Higher high higher low pattern is formed on Nifty. Unless we have a closing below 24172 or 24069 levels, I think the things will hold. If we get a closing below 24K bears and FIIs can push Nifty further down to 23.8K or 23.2K levels. Thus supports for Nifty are at 24172, 24142 and 24069 levels. Resistances for Nifty remains at 24242, 24370, 24395, 24505, 24601, 24702 and finally 24811 levels.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
EURUSD SHORTMarket structure bearish on HTFs 30
Entry at Daily and Weekly AOi
Weekly Rejection from AOi
Daily Rejection at AOi
Previous Daily Structure Point
Around Psychological Level 1.08500
H4 EMA retest
H4 Candlestick rejection
Rejection from Previous structure
Levels 4.99
Entry 110%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
NZDCHF ShortMarket structure Bearish on HTFs 30
Entry at Daily and Weekly AOi
Weekly Rejection at AOi
Break And Retest of a strong Support Level
Daily Rejection at AOi
Previous Daily Structure Point
Around Psychological Level 0.52000
H4 Candlestick rejection
Rejection from Previous structure
Levels 6.23
Entry 95%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
GBPUSD Long Term Analysis (4H Chart)Technical Analysis Summary GBP/USD
TREND ANALYSIS
We have 1 Upward trend in green color (Long Term) that was broken today keeping it up for explanation. The red line is the new downtrend. Be careful trends need to be modified when broken to the new peaks (Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have 1 4h support level that is protected by the 15 min support level that I have mentioned above in the chart if broken we will be seing a big drop for GBP since it is a critical support line.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are stop losses or levels and trends that were respected from the past.
Yellow Levels are tighter stop losses and generally will be used after trade is in small profit to start lowering the loss in case trade goes against us.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment If you find this content beneficial, please don't forget to LIKE and FOLLOW
Trading Involves High Risk Not Financial Advice
PLTR: A Dangerous Top Signal Appears!Key Observations:
Daily Chart (Left)
Inflection Point: The price has fallen back, approaching an inflection point around $40.36 after failing to sustain momentum above the recent high at $45.00. This area could act as a short-term support, and any further weakness below it could signal a potential shift towards bearish control.
EMA Support: The daily chart shows the 21-day EMA as a potential dynamic support near the inflection point. There is still time for PLTRT to react, but for now, there is no bullish signal around.
Weekly Chart (Right)
Bearish Engulfing Pattern: A bearish engulfing candlestick pattern has formed near the all-time high around $45.00, signaling potential bearish reversal pressure at a major resistance level. This pattern often suggests that sellers have overwhelmed buyers, which could lead to further downside or at least a consolidation phase. According to Bulkowski's studies, a BE reverses the trend 79% of the time, so it is a quite powerful candlestick pattern, and we shouldn't ignore it (Encyclopedia of Candlestick Charts).
Long-Term Uptrend: Despite this bearish signal, PLTR has been in a strong uptrend on the weekly chart, supported by the 21-week EMA, which is currently below the price. Any correction from here might still be viewed as a pullback within a broader uptrend unless key support levels break down.
Conclusion:
PLTR's chart shows short-term bearish signals, particularly with the bearish engulfing pattern near the all-time high. Watch for support around $40.36 and the 21-day EMA as critical levels for short-term sentiment. The long-term uptrend remains intact, but this could be a phase of correction or consolidation. In order to avoid a bearish scenario, PLTR needs to react, above the $40, and break the $45, maintaning the price above this level on the wekly chart.
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Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
Chipotle: Has the Selling Begun?Chipotle Mexican Grill has been rallying for years, but some traders may think the uptrend is ending.
The first pattern on today’s chart is the series of higher highs and higher lows since August. Coming after a big slide in July, that channel could be viewed as a bearish flag.
Second, this week’s drop after quarterly results may result in a breakdown from that consolidation.
Next, prices have crossed under the 50- and 200-day simple moving averages.
Fourth, the recent high was near a price range that offered resistance in March and support in June. Is it resistance again?
These patterns, coming after the June 26 stock split, may indicate CMG is running out of catalysts.
Finally, there could be signs of a bearish channel starting on the weekly chart:
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Liking Gold Buys (XAUUSD)Liking this for Gold Buys 🎯
Gold has been selling off nicely capturing sell-side liquidity. I want to see price come a bit lower into the FVG highlighted on the 15m.
This point of interest also overlaps the 50% of a daily FVG. I would want to see smaller time frame signs of accumulation on our way down to the zone marked.
Australian ASX 200 SPI futures look good if you're a bearThe picture for Australian ASX 200 SPI futures look good if you're a bear.
We've seen a bearish engulfing candle on Wednesday with follow-through selling today, accompanied by an uptick in volumes. Momentum indicators are providing bearish signals, too.
But it is month-end and the price does find itself sitting on the 50DMA, a level that has been respected consistently apart from a period between June and July this year.
Even though price and momentum signals suggest selling rallies may work better than buying dips in near-term, unless we see a close beneath the 50DMA, going short beforehand comes across as a low probability play given prior interactions with the level.
If the price closes and holds beneath the 50DMA, you could sell with a stop either above it or 8200 for protection. On the downside, 8080 is the first level of note, but to make the trade stack up from a risk-reward perspective, 7860 comes across as a more appropriate target.
Good luck!
DS
Trade Recaps: USDJPY-LONG, AUDUSD-SHORT, 30/10/2024UJ Bias Analysis: Price corrected deeper into the 1H range discount, entering a 1H OB and confluent 1-sded FVG. The deeper retracement protracted lower at London open, sweeping Tuesday's low as it mitigated the KI areas before entry confirmation was received.
Grade: High Quality Valid
AU Bias Analysis: Price distributed higher aggressively at London open. This distribution was misinterpreted as a protraction which was sweeping 1H TBL, where it was actually shifting structure to the upside. Price traded higher into a 4H OB, where entry confirmation was received and a short position was executed. This was an invalid trade as the shift of structure to the upside violated my trade parameters which require the entry to be in alignment with the 1H range.
Grade: Invalid
What I did well or could've done better:
- Executed aggressively on the setups during my forecasting session despite a shorter day at work. Focus was good.
- Managed the trades according to the plan.
- Misread the distribution AU as a protraction, when it actually shifted 1H structure long which did not align with my trade parameters
- Took a trade that violated my plan as the UJ loss closed out today, which meant I only had 1 trade I could execute on instead of 2.
- I did not identify what would've lead me to be risk off on a setup and was only focusing on execution characteristics.
- I had a strong bias towards Dollar strength today, which led to marrying my bias and resulted in an invalid trade.
BTCUSDT Long Term Analysis (4H Chart)Technical Analysis Summary BTC/USDT
TREND ANALYSIS We have 1 Upward trend in green color (Long Term) Be careful trends need to be modified when broken to the new peaks (Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS We have 2 support levels that I have mentioned above in the long term.
The 4H Support level that is protected by the daily level can be support level to be hit and then let bitcoin move upward to new highs or if broken most probably we will be moving downward to the 40000-dollar mark to reach the greediest level and lowest and most likely go upward from there and is a great place to buy.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are stop losses or levels and trends that were respected from the past.
Yellow Levels are tighter stop losses and generally will be used after trade is in small profit to start lowering the loss in case trade goes against us.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment If you find this content beneficial, please don't forget to LIKE and FOLLOW
Trading Involves High Risk Not Financial Advice
USDJPY Long Term Analysis (4H Chart)Technical Analysis Summary
USD/USD
TREND ANALYSIS
We have 2 Upward trends in Green color (Long Term and Short Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have 1 resistance and 1 support levels that I have mentioned above in the long term.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are stop losses or levels and trends that were respected from the past.
Yellow Levels are tighter stop losses and generally will be used after trade is in small profit to start lowering the loss in case trade goes against us.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial, please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
EUR/USD Builds Bullish Momentum with Strong Support and Pin BarAfter bottoming at 1.0760 exactly one week ago, FX:EURUSD has started to consolidate, forming what appears to be a base.
Since then, dips below 1.08 have been consistently bought up, culminating in a strong bullish Pin Bar candle yesterday.
To further support this bullish outlook, this base is forming at a key confluence of support levels, reinforcing the potential for an upward move.
With this in mind, I am looking to buy this pair, ideally on a dip, to ensure a positive risk-to-reward ratio of 1:2.
My target for a reversal is set at 1.0950, with respect to 1.09 resistance (this could serve as short term trader's target)
CRUDE OIL (WTI): When the Gap Will Be Filled?
I strongly believe that a huge Monday's gap will be filled.
The confirmation that I am looking for is a breakout of a resistance
line of a horizontal range on a 4H.
4H candle close above the yellow structure will indicate
the strength of the buyers and make the market finally start rising.
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50 Hours EMA and Trendline resistance again stop Nifty progressAgain The Mother line (50 Hours Resistance) and trendline resistance threw spanner in the growth effort of Nifty. Till Mother line and trendline thereafter is not crossed we can't reach Father line resistance which is at 24853. Supports for nifty remain at 24307, 24173 and finally 24073. Below 24073 Nifty will become very weak and bears will spell further doom. Resistances on the upper side remain at the zone between 24448 and 24513 (tough to conquer Mother line and Trend line resistance respectively), 24613, 24730 and 24853. Above 24853 the critical resistance will be the zone between 24860 and 24971. Bulls can come back into the game after the close above 24971. Above 24971 Bulls can create an upward rampage. Tomorrow is a very critical day where Nifty going into November needs to close above 24513 or atleast above 24448. Signs are looking little difficult for Nifty with a negative shadow of the candle but festive buying can bring back the bulls in action hopefully. .
To know more about Techno-Funda investment, Mother-Father and Small Child theory, Happy Candles Number read my book The Happy Candles Way to Wealth Creation. Gift it to yourself or your special ones this festive season.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Monday Range, CLS setup targeting MR highsMonday Range, CLS setup targeting MR highs
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔