Daytrade
Reddit army set sights on Silver!News this morning out on CNN that Reddit mania is now focussed on Silver. This is an ambitious move as playing with silver is a dangerous game. The reason being that it's a global market, with powerful players, with deep pockets. Having said that, it will be interesting to see a global mobilization of Reddit and other activist trading groups and if they are able to exactly exert real market pressure on markets at scale globally.
Either way, silver looks set to be a long day trade according to both the intraday technicals as well as the primary driver being the news and hype on Silver. that will surely develop over the trading day.
Caution: Big chance of high volatility and sharp reversals. :
Day Trade Idea: Silver Long 29.550 - 29.750 +
!. Technicals very bullish on intraday charts
2. Reddit army seems to be targeting Silver
3. Cnn has a headline front page about the above.
4. I think that will mobilize Reddit mania.
This is not advise to trade or enter any position based on my analysis.
US30 day trade longWe recently went short Silver (XAGUSD)... we dont see a GME on it... Infact we think the hedge funds might just pull a sneaky on everyone!
Anyway our shorts are locked. Moving on to US30 long.
We see lots of potential for a day trade profit on this one. We have a bullish continuation pattern indicating that we could see a strong push up.
BUT! When price comes to our 38.2% on the 4H chart (left) we are planning to go short... not 100% yet we will decide when price comes there and see whats up..
USDCAD long / Bull continuation pushing to 1.30Hey again!
We just took a long on USDCAD, right after the WTI short as per the related idea.
We see good reasons for USDCAD to trend higher today, and perhaps even push to the 1.29715 price level which is listed as our next potential profit target on the 4H chart. (left)
In regards to what we see, its simple,
4H chart:
- Pirce is above the middle of the DC and currently finding support at the 61.8% fib, both of these are bull indications, while RSI 5 is pretty low.
10M chart:
- Another test of the recent 30% zone fibs with a contraction / wedge leading to the fibs. (this is a strong bull indicator based on the primed system)
Thats all! See you again soon!
GBPUSD Potential Bull Reversal Whats up yall, back with another idea. This week has been especially hard for me to trade but its not stopping me, just making me even smarter. Without any further explanations, lets hop into this one.
This early morning we can see price gradually dropped during early London session, and now we are at a point of liquidity, we can tell by the extreme candles going in every single direction besides a trend. So this is telling me price is preparing to do something.
We do some further analysis and see that we have a potential liquidity zone which I have marked in purple. We can use this in aiding us determine which direction price will decide to go, just by waiting for a candle to close outside of the box either on the bottom or the top, then waiting for a supporting candle to back our chosen direction.
Price has been downtrending lately so short orders would seem more reasonable, however, it is still very possible for price to decide to reverse as soon as NY session starts.
Not too much in terms of technical structure today but we can work with what we got.
Yall let me know how you feel about the idea, LIKE AND FOLLOW FOR MORE!!!
Quick Scalp on NVXOn the daily it was a massive bearish candle with a bearish volume as well. So I thought ill go shot with this one, it also had a massive bull run for the past 5 days, so a pull back was due.
1 min: it did gap down and open at $3.10, waited for a pull back and got in at $3.10 with 1000 shares. Just only made about 5 ticks because I saw on the depth it was about to squeeze me out, so I
got out quickly and lucky I did.
Not my favorited trade but it will do.
Spark: On spark I saw it was going to gap down a lot so I have to be careful if it recovered. At 10.07am that’s when I got in, when I saw there was more sellers than buyers were thinning out
that’s when I got in.
Once I saw that $3 did not break and there were buyers jumping in front of it, I knew it was not going to break, that why I got out at $3.07 10.10am and the spread was so bad.
EURUSD - Day trade by Keltner - Stochastic - ADX 28 Jan 2021Risk/reward: 1/1, 1/1~2 | Entry by: Upper/Lower | Keltner crossing: 2 | Candle not entry: 80% | Stochastic: 80/20 | Adx: 31/9/9 | Notrade friday
Max risk: 2% - Risk / reward: 1/1, 1/1~2.
1. Trend identification:
... Keltner: Price Through Upper / Lower 1 gives 1 point. 2 points are eligible for entry.
... Stochastic:
...... k> 70: Uptrend. k <15: Down trend.
... ADX: 31 provides strong trend following signal.
2. Entry point:
... Price corrects to Upper / Lower when 3 conditions Keltner , Stochastic & ADX indicator meet.
3. Not trade friday.