WheatUSD Oanda Buying Breakout Trend ContinuesRealising my folly from my previous trade, I recognised my faults.
Recap -
1st - I traded with the Higher Time Frame and Entry Time Frame Trends, but I am actually entering on a opposing trend against the Lower Time Frame, and that is why the price never move in my intended direction after hours.
The opposing trend movement is also a sign that price is tanking, and that the Big Boys might not be into this product anymore.
2nd - Trade Breakout Trends was my thang. But I subconsciously/consciously shifted my setups to Trend Following which is to buy high and sell higher. Low winrate, needs to gather a ton of trades before the results show, stressful way to trade. I recognised my fault and now I shifted myself back to Breakout Trends.
I would like to add on also that, I would see this as a price game instead of a time frame game. But I also recognise that 50/60MA on the 15Minutes Time Frame is very powerful, and I called it Duck Hunting and I would be hunting ducks again, on the 15 Minutes Time Frame.
Would I trade on the 4H Time Frame or the Hourly? It's a price game so as long as the price is right, and it aligns with my point 1 and 2, I would.
2019SGT
22052024
Daytrade
Riding the Trend on CH20CHFBought as I recognised the strong moving trend of CH20CHF trending on the 6EMA discounted price zone.
Despite multiple small "sellers" selling, price continued to trend upwards, and strongly.
Currently the buyers want the CH20CHF, so I bought some too, in hopes of selling to the next Big Boy Buyer.
Both TP at 1R. It isn't exactly 1R for me in terms of dollars(SGD), its more of like 1R = 28$ +- SGD, and it is fine.
1418SGT
21052024
Buying HK33HKD Oanda On An Up TrendRising demand for HK33HKD over several days on the Daily Time Frame based on the 6EMA.
I bought HK33HKD on both my FTMO 10K Challenge Phase One and on my Oanda Main Account.
Discount offered by seller at 6EMA on 4H Time Frame.
Initial SL set is wide, because I want to give myself more time if I am losing, to decide if I want to exit for a small loss or win instead of having it as a full blown 1R loss.
By setting my SL wide initially, my risk per pip becomes significantly smaller.
Besides, I am risking about 10% per trade(based on my previous account size).
If all is well, I will start trading 50$ SGD per trade next month.
All is well = My account size reach 1k SGD(currently sitting on 906$ SGD) and that it is a new month.
0950SGT
20052024
Feeling groggy.
Add : Now, instead of analysing the Daily Time Frame, first. I analysis the entry time frame first. Why? Because over the years I realised that i missed out on alot of opportunities that are better than the ones I am waiting for, because I analyse my watch list selections on the Daily Time Frame first.
By doing a top down analysis, I miss out on strong trends that are not visible on the Daily Time Frame, because price could be in a range on the Daily, but it has yet to reach the Daily's Major S&R levels. And so, the trend on the entry time frame is tradable, but I missed it because I have already eliminated it during my selection phase.
TLDR So, I am doing a bottoms up analysis from now on because I am missing out on trending opportunities on the lower time frame that is not visible on the higher time frame.
0954SGT
20052024
Trade Like A Sniper - Episode 7 - ETHUSD - (16th May 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing ETHUSD, starting from the Monthly chart.
- R2F
Oil/Crude oil - TuesdaySo we have achieved one target for price and that was to reach the Daily V.i and so far London has rejected going higher...
Would like to see price head down post 0930est
My target is still 80.50 just waiting for price to align with my thoughts is what is most important before pressing the button.
At minimum PDL would be a bearish target
I don't see why we would want to go higher until proven wrong - Closing above the Daily V.i...
Thanks
6x Risk to Reward Ratio on BXC - Watch for May 1st EarningsBXC's Risk to Reward Ratio is x6
BXC's May 1st earnings should be watched before deciding a position based on Fib support points.
Recent News
BlueLinx Names Mike Wilson Chief Commercial Officer - April 2nd, 2024
5-Point Inspection by OnePunchman:
Free Float shares: 8.3M - Positive
Cash & equivalents: 521 M - Positive
Debt: 617M - Positive
Last Quarter Revenue: $712M - Positive compared to Cash in hand and Free Float
EPS $5.32 - Positive
Buy Alert done by Fibonacci retracement levels:
Price: $106.17
Entire Position Stop Loss: $103.83
1st Take Profit: $119.18 (I would sell 100% of my holdings here) - Risk to Reward Ratio is x6
Lets go Premium Gold idea 💩💩💩Idea: XAU/USD likely to rise for day trading.
Reasoning: Gold is strong amid uncertainties and inflation concerns.
Trade Plan: Buy XAU/USD with tight stop-loss, target short-term resistance levels.
Risk: Monitor market sentiment and economic data, be prepared to exit if conditions change.
Entry: 2351.69
SL: 2341.69
Target 1: 2361.11
target 2: 2362.43
target 3: 2364.70
Like share follow for more thanks
TradeGod out
#gold #signal #xauusd #daytrade
Premium Gold idea #Gold #XAUUSDI believe that the price of gold will rise in the short term due to economic uncertainty, but will eventually fall as the economy stabilizes and risk appetite increases.
Entry: 2353.13
SL: up first wait for entry after price comes back down to entry 2353.134 then SL will be 2356.44
Target: 2333.81
like share and comment
TradeGod out
#signal #daytrading #gold #xauusd
Matic will be shooting up like Steph CurryWith the fall that just occurred, Groupings A and B of cryptos are going to want to rebound and rise. They’ve already made the reversal. But even long term. They purchased CDA to assist with the purpose they exist and if that isn’t enough to convince. They’ll be changing their name from matic/polygon to just Pol. 5am-7:45amEST WILL be the last chance fire for quick swing trade come up. If anyone knows w way to re use kucoin. It’d be greatful. Or how to beat its kyc system. Please DM me if it works
Brent Crude Oil Demand Spike(WTICOUSD, too)Looking forward to entering Long on BCOUSD after NFP today.
Am not too eager to enter, if it happens, its good. If it doesn't happen, I am fine too, since today is Friday, and I have to hold my positions over the weekends.
I am used to holding trades over the weekends, however I prefer the weekdays. Therefore, when Mondays roll around, I thank God its Monday!
Anyway, our discounted price zone is the 10EMA based on previous Black Friday Sale discounts offered.
Price made a kink in the 10EMA discount by offering 20EMA discount yesterday or so, however, I do not believe it would continue giving 20EMA discounts which is bigger discounts, because, the Flag Pole is very big and long, while the flag is minute.
As usual, I am very aggressive at cutting losses, and moving my stop loss towards Breakeven and into profits. Once the trade is in, I will immediately shift my stoploss upwards by one tenth of the SL size, because my intention is never to price hit my full R loss. I am wrong many a times, by being too aggressive at cutting losses, moving my stop loss forward, etc and price continues to go in my favour after I am out of the trade, however, the results does show that I am profitable, and so, I will continue with my new ways.
I began doing such aggressive SL shifting earlier this year at around February, and it has been profits for me ever since, week on week.
2002SGT
05042024
3 Possible Scenarios at these rates for LVLU with 5 Risk/Reward Hey there!
Let's talk about the 3 possible scenarios that could happen with LVLU at its current rates. What's more, we'll also consider the 5 risk/reward factors that could affect these scenarios.
1st Entry: to be made when the 2 parallel line range is broken upwards. With Stop Loss Below the yellow upper parallel line and take profit $0.10 below red line as shown in the graph. This here is a 1:5 risk-to-reward ratio, which is above the 2.5 R/W ratio, which I am always trying to target.
2nd Entry: More details will be shared if I get 50 boosts for this post. But most traders can understand by looking at my chart.
3rd Entry: More details will be shared if I get 20 comments for this post. But most traders can understand by looking at my chart.
USDTHB Renewed Demand for USD In Short TermBased on previous Black Friday Sales, it is clear to me that Aha! Now I know #002 is the next pre-release initial investors buying in cheap period before the other market players catch on.
There is never certainty that this time round's Black Friday Sales will be a success, and if it happens to fail, I would exit for a small loss as usual, probably at 40% of my 1R risk. But it depends.
What I expect from here on is some insider buying and selling before international release of the USD which would drive demand upwards for the short term, where at the peak(hopefully) we would sell for a neat profit.
I am looking at this pair on the Daily, down to 4H, however, the train has departed on the 4H, and it is giving us a second chance at the toilet stop, which allowed us to hop on with little we have, hoping to sell what we have for a profit at townhall. The demand is not certain however, so we can only keep on trying. As long as we show up enough times, we will make a profit.
Just keep showing up, and cutting our losses quickly(to minimise internal damage) and cutting losses small(to prevent financial damage) and all will be good in the long run(hopefully).
1602SGT
25032024
EU50EUR LONGdemand for EU50EUR has been on a sustained up trend for several weeks now, and discounts has been offered miserly based on the 10EMA as seen on previous Black Friday Sales.
I have placed an Buy Limit near the 10EMA discounted zone, expecting the order to get triggered.
Since this trade is being read on the Daily Time Frame, the amount of time it would take for the trade to materialise would also be based on the Daily Time Frame. However, the SL is placed based on the 4H TF's levels because regardless of how much the Daily Time Frame moves, it is always based on a day to day basis movement. And placing stop loss on the 4H TF allows more details.
1746SGT
25032024
GBPJPY LONG Despite BOJ Intervention ThreatI am longing GBPJPY specifically because the currency Strength chart I found on TradingView says that GBP is currently the strongest currency on the Daily Time Frame.
I am expecting JPY to continue its decline despite Intervention by the BOJ, as past data has shown that it has been not effective at containing the weakening of YEN.
I might change my order to Market Buy instead of Limit Buy if I see that GBPJPY buying demand has resumed on the lower time frames, and it is tough for me to buy in at my expected discount price.
Shall see.
1027SGT
21032024
EURAUD Swing Trade 4H Time FrameThird trade I am taking today. Two other trades earlier today was closed for small loss of a total of -0.46R(NZDUSD) and maybe -0.56R(CADJPY).
I realised my folly. I should have checked the big boys level on the 4H and/or even also the Daily Time Frame as confirmation before entering my trades.
I need price to be at a discounted price zone on the Big Boys Level. Before I give the go ahead for myself to buy or sell. For others, they would do a top down analysis, which is to find setups that is near their Area Of Value on the big boys level. Actually, the theory is the same, regardless of if you do it from bottoms up or top down.
In the chart attached, it shows that the sellers are reluctant to give a discount now, and it might mean that the sellers are anticipating a wave of demand to come in soon, and that is why they are not willing to sell for a discount now, and instead, am stocking up before the demand surge.
Thats what I see now.
2047SGT
18032024
CADJPY LONG CADJPY trade I took is different from the NZDUSD LONG I took earlier on. CADJPY is a continuation of a "proven" product over "years" as marked in the chart.
Whereas NZDUSD is trying to "revolutionise" the "industry" by reversing the trend from short to long.
CADJPY to me is a quickie as marked, I will take two orders both for 1R TP. The first order is strictly 1R TP or less and the second order might be a trailing stop order depending on how the market progresses.
1505SGT
18032024
NZDUSD Long at "New Product Pre-Release Sale"Just long-ed NZDUSD when price came to a level where "The Market Remembers"(support area).
The final push towards the down side was strong, and then 10/20 Period Mean Price crossed over, signalling to me that the dynamics has changed. The 10 Period Mean Price is able to be higher than the 20 Period Mean Price, telling me that there's a shift in peoples wallets.
Take a look at the 4H Time Frame, and it will be apparent that we are trading based on the Big Boys "The Market Remembers" level.
We could ride the coat tail of the big boys, helping them gather the wood they need and selling it to them for a premium.
Don't be like rice farmers. They sow, they slog, and get paid pennies while the rice buyers aka big boys get fed and fat. Rather the rice rots than to sell it to the big boys.
But we are not mere farmers, so, we get to bargain with the big boys.
I will be exiting if I see that the demand is not there and unable to get my higher prices, aka, I will be cutting my losses quickly, instead of letting my cows die in the farm. Grade AAA beef too expensive, nah? ok, I will sell it to at a lower price, dont go to the next door farm, please.(You better watch out, bruh).
But if price is able to rise, and our premium wag-yu is in high demand, we will sell it to the highest bidder and provide dough for our fam.
Gotcha fam.
1304SGT
18032024
GBPUSD - Analysis (ICT)This is a possible scenario for GBPUSD, annotated on the 1h timeframe.
Price just took out sellside liquidity and reversed back up rapidly during news on the 1st March 2024. There is much trendline liquidity residing above, but there is also a 3-week and monthly FVG below (off screen).
The narrative I have in mind is for price to at least either make one more high near the C.E of the NDOG or slightly piercing the trendline, then heading to the downside. Or, for a bullish scenario, price breaks convincingly above the trendline, then finds support to move higher.
Let's see what unfolds.
- R2F
EURUSD - Trade Idea (ICT)Intraday trade idea on the EURUSD.
I see a reaction off a signature 2-day R2F Gap to give me a bullish bias to take price possibly to the highs.
For narrative, I see a signature 30m R2F Gap as a possible entry to take me up to the relative equal highs where my "low hanging fruit" objective lies. I have added confidence for the 2nd objective due to the trendline buyside liquidity on GBPUSD. However, this bias/narrative is still not ironclad as there have been a lot of N(D/W)OGs on the chart, at least for the FXCM data which I usually use.
Trade with caution.
- R2F