Daytrade
Joe Gun2Head Trade - Selling EURUSD into resistanceTrade Idea: Selling EURUSD into resistance
Reasoning: Rallied into resistance and a 38.2% Fibonacci level
Entry Level: 1.0461
Take Profit Level: 1.0354
Stop Loss: 1.0477
Risk/Reward: 6.67:1
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EUR/JPY (Cypher Pattern) 1HRPAIR: EURJPY
TRADE: CYPHER PATTERN
POSITION: BUY
TIME-FRAME: 1HR
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What a month it has been for patterns. During the Star
Live Trading room, we've seen pattern formations all over
the markets and have been a result of new equity highs.
For other pattern lovers like myself, this month has been
a powerhouse for these moves.
When I can, I post trade ideas here to inspire other people
about pattern trading, as it's one of my passions.
Let's have a great week of trading ahead. Always, always
always, trade your plan please.
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Truly grateful to be here and share my thoughts with
everyone. Always appreciate your thoughts and what
you have to say and share, let's experience Trading in
a positive way, together. Time is precious, be kind to
everyone and be safe in the markets, always.
"See yourself as love and only have that, to give away."
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Phil C.
#ES_F 5.13.22 OverviewYesterday we tested midpoint of the current range we are in on the daily, so far was a look below and fail. End of the day rally buyers were able to bring the price towards the T+2 low for today. All the sellers were taken out lower and in Globex be broke into the T+2 range and over out 3931.75-3927.25 Key Resistance, this morning we hit our next Key Resistance level of 3976.50-4971.50 and T+2 half back. So far it was look above and come back in so at the open will be watching for us to test lower levels down to 3957.25-3953.25, and 394.25-3940.25 where we should start seeing buying response, if we break under that we can test our Key support T+2 low area down to 3931.75-3927.25 but ideally we should see buyers step in before that if we will go higher today. If Key support holds and we can see a trip back over 3976.50-3971.50 and test the upper levels of that value zone, which are 3994.50-3988.75, 4012.50-4008.75 where we should see sellers because there is supply above, if we get through that then can test next Key Resistance of 4030.75-4025.25 and also the T+2 high area. Have to be patience we are in a market with supply, have to let things set up and show the way around important levels and not get caught up in the chop.
Long Tesla $TSLABounced off-key level of support in FIB, RSI is starting to point up, on balance volume is still pointing down, the stock had good news today, MACD hasn't switched over, has unusual call volume. Possibly room up to the 9 SMA.
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USDCAD: SHORT Day Trade. Likely Headed Towards 1.29160USDCAD broke 1.29800 support on the 1H Timeframe & now looks to head to its next support which lies in the 1.29160 area. All the trade criteria have been met, have a look at the main chart for all the trade instructions and levels.
Shall there be any updates, i shall provide them in this thread. cheers
DAX (GER30) about to follow US!Hey tradomaniacs,
DAX (Ger30) looks pretty bearish to me and could fall very soon in order to follow the US-Indices.
So far price has been more stable, but orderflow aswell as technicals do look bearish to me and we should see a drop very soon.
What do you think?
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Key points Short ETH 06 May 2022We can estimate with a 75.5% confidence that the volatility for today is going to be below 3.07% for this the market will stay within
TOP 2830
BOT 2660
All of this being calculated with the opening value candle of today or yesterday close daily candle
From the funding rate point of view, the shorts have to pay the funding fee to the long positions,
giving us the idea that there are currently more shorts than long in the market(bearish)
From the fundamental point of view
NFP
Unemployment
Both of them are expected to be lower values than last month -> bearish.
With all of this in mind, we can try a scalp entry for today with the next setup
stop loss 1: 2750 or the opening price 36500
stop loss 2: 2830 expected top for today
take profit 1: 2700
take profit 2: 2650 expected bot for today
$FTM SHORT 10X (DT) Hello,
Please remember to factor in if the trade posted is a DayTrade (DT) or SwingTrade (ST). To eliminate any confusion all of the Title's should include one or both DT / ST.
PLEASE REMEMBER TO NEVER FOMO IN!
I'm here to share my thoughts and also receive feedback so please leave a comment if you agree/ disagree/ or just wanted to talk about a different setup.
Thanks,
QoverQ
DAX (Ger30) likely to fall with other indices!Hey tradomaniacs,
technically we are getting a nice chance to short DAX30 as price has hit a strong resistance-zone inside the trendchannel.
Fundamentals:
Market only pushed up as Jerome said 0,75% hikes are not considerable. Marked enjoyed that as it would have been the only surprise that wasn`t really priced in, but a rumor
or expectation by some banks.
Nonetheless - It doesnt change the tight policy.
Yap.. I expect Dollar to keep pushing as nothing has changed.... ECB stays dovish while FED freaks out and fights inflation.
Not good for the globale stock-market..
What do you think?
$MIR SHORT (DT)Hello,
Please remember to factor in if the trade posted is a DayTrade (DT) or SwingTrade (ST). To eliminate any confusion all of the Title's should include one or both DT / ST.
PLEASE REMEMBER TO NEVER FOMO IN!
I'm here to share my thoughts and also receive feedback so please leave a comment if you agree/ disagree/ or just wanted to talk about a different setup.
Thanks,
QoverQ
GBP/USD likely to fall!Hey tradomaniacs,
GBP/USD just re-tested a key-resistance after the breakout of the secondary trendline (correction) and is likely to fall due to flipping in the orderbook.
Be cautious as its bank holidays - use wider Stop-Losses or trade tomorrow!
Interest-rate-decision this week could obviously change everything!
What do you think?
NZD/USD about to fall!Hey tradomaniacs,
NZD/USD just tested a strong key-resistance-zone and is likely to fall due to a reload of sell-limits at the top combine with weak aggressive buyers which are not interested to lif the offer yet.
If those don`t get filled it is likely to see a drop here.. at least another correction of zones of more open interest.
What do you think?
EUR/AUD likely to Pump!Hey tradomaniacs,
in confluence with my expectations for a falling stockmarket I expect EUR/AUD to break out of the current correction very soon, especially after the recent stop-hunt to the downside which is often a final move before the price turrns around.
There is a chance to see a re-test of that hunt-zone, but overall I expect price to move up very soon! Classic correction-pattern!
What do you think?
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USD/JPY (Bat Pattern) 1HRPAIR: USDJPY
TRADE: BAT PATTERN
POSITION: BUY
TIME-FRAME: 1HR
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I trust everyone has had a wonderful and lovely day,
or evening, depending on where you are in the world.
Today I am looking at an opportunity on the USD/JPY,
in the form of a Bat Pattern on the 1hr time frame.
Going to be plenty of opportunity this week and most
importantly, be safe trading out there everyone. <3
--------------------
Truly grateful to be here and share my thoughts with
everyone. Always appreciate your thoughts and what
you have to say and share, let's experience Trading in
a positive way, together. Time is precious, be kind to
everyone and be safe in the markets, always.
"See yourself as love and only have that, to give away."
--------------------
Phil C.
XAUUSD Gold : Launch to space? Or 1890 retest? 22.4 Jerome Powell, chairman of the FED yesterday basically confirmed a May rate hike.
But ask yourself seriously - Is inflation going to go away due to this? Will this save a bleeding economy?
Gold practically called the bluff on FED's comments AND the rising bond yields.
As you can see, post FED meeting we have the Gold keep the support trend-line since the start of the year.
Since breaking above the consolidation breakout , circled on the chart, Gold spiked up by about $70 , it is normal for a technical correction down to take place at such scenario, as we see with the price action now.
If the week closes above 1935-37 , which is the support trend-line since Jan 2022, the bull trend is kept and a new high will be in sight.
**A weekly close today below 1937-35 will confirm potential downside 1890 - Although this scenario is less likely, it is still technically possible.
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Important information about BTC next movesHere some important information about the market.
BTC is still bullish for me as Long as it holds these levels. BTC is in a sideways uptrend / big accumulation zone Big picture. (Not showing it on the charts)
There is a high probability that it will fill some 4HR imbalance under liquidity before seeing some bullish action again.
Also its an important OrderBlock to hold for further bullish long term action.
There is a nice Supply orderblock to pick up some shorts towards the imbalance if price wants to make some Bullish inducement to trap long traders.
If it gains the red Supply orderblock i will look for Longs more up that made the break.
This is my idea for the week its no financial advice.
AUD/USD LIKELY to go UP!HEy tradomaniacs,
AUD/USD is at an important key-level and likely to retrace as market-depth showing absorption by buyers at the bottom of todays opening-range.
Price is oversold, so it is likely to see profit-takes and so a retracement to the upside! Orderflow looks bullish for now!
What do you think?