90 points move. A hard day, bears were all the time pushing the price down. But they wanted to get filled high.
Daytrader
ATOM pump incoming1hr time frame huge bullish divergence right as we form a falling wedge on the .50 fib :) safe to say we can see a little pump within the next few hours.
How to control FOMO in day trading!Good morning traders!
The markets are going to be wild today and over the next couple of days... which only means many of us traders will have a lot of FOMO! This video is designed to give you a basic plan on how to deal with FOMO in day trading!
Today is the day to be in control and this video helps you get there!
Bitcoin shorts and a KEY lesson for day traders!Hey again traders!
Happy Monday and welcome to the new trading week!
Yesterday we released a post about Bitcoin explaining what we believe is happening and how we will be trading! Today we release yet another post this time detailing our strategy for the rest of the day when it comes to Bitcoin but also provide you with a key lesson on how you should approach day trading.
We hope this video helps you in one way or another and if it does, then our job has been a success here!
Happy Trading!
BTC: THE SEARCH FOR LIQUIDITYAnother week, another narrative for the markets! We are in the midst of a geopolitical stronghold, that from a traders perspective; turns attention towards risk-off assets. Besides the political turmoil, we are facing an interest rate hike in the US on March 15, which according to the fed watch could turn out into a triple or quadruple hike of 75 to 100 base points. Personally I think they won't go beyond 50 base points, which would still mean a lot to the equity markets.
Now, let's look at Bitcoin and a potential short term trade set up. BTC corrected from its overextended downtrend on January 24th with a nice 37% rally towards the daily sigma high - an important level for mean reversion. After it tapped this area, we formed an M pattern which completed at the start of the Asian session. This means that we are currently in no man's land with market makers keeping an eye on equity markets and potential hedging positions for further corrections.
Bitcoin is now facing the weekly psychological high at 42700, if we break it to the upside, this means market makers favour higher prices for the trading sessions ahead. However, when and if we retest this level and get rejected, we could face a correction towards the liquidity zone. Special interest goes towards the local trend line below the rising wedge formed last week, if we can not hold it as support we are likely to see an impulse to the downside towards the liquidity zone where billions of long liquidation are stacked. This means 40K is still a crucial pivot point and an important take profit area to hedge against a potential bullish move. A break of 40K would mean another round of corrections across the alt coin market and potential entries for long positions for a short term bounce.
In conclusion, if the intra day price action confirms the conditions of an entry we can open a short position (max 10x) with a nice risk/reward ratio of 4.2:
- TP1 41600
- TP2: 40800
- TP3: 38500
Make sure you trail your stop loss in profit when your position goes green by more than 1%. In this case you always lock in a profit, even when you get stopped out.
Be mindful that Monday tends to represent a false move and market makers would want to take the shorts out before they move lower so ideally wait for tonight's Asian session or tomorrow's New York session for an entry.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
COMMENT: please let me know in the comments if you like these type of day trader set ups and would like to see more and like the idea if you agree. Feedback is always appreciated and I will reply to questions!
ANALYSES: for a long term Bitcoin analysis, check the linked idea below, good luck and trade safe!
$IWM LevelsGap up clear here, this is a hair below my support/resistance for this area. I believe that there could a tap here and move to test the high....no updated levels here. still layer four from youtube video
Fomo Buyers, Looking for a day trade, correction for liquidity3:1 RR
Fomo Buyers will get washed out 50% of the time
as long as a solid risk to reward is maintained
this is profitbale for me
We have Pinned the Daily/Weekly Strucutral High
This is the reason for the entry
USDCAD HEAD AND SHOULDERS PATTERN4 bounces respecting a perfect head and shoulders pattern.
A next cycle may continue to 1.2500 making a retest and continue a downtrend cycle
Im going to wait till a clean break to considering placing a order. Thanks for the support! Keep it consistent and clean. Namaste.
Sonacoms Buying oppertunity at below 658 level I belive soncoms breaks trend from 4 hours chart, since company is strong fundamentals, below 658 is very good opportunity to buy.
Grinding your way to Day Trading profitsHey all!
We hope your trading day has been successful in either learning or earning!
This quick daily primer video explains a little the way we trade, bascially being reactive to the charts!
Too tired to type more right now, but hope this video helps you learn something new!
XAUUSD 4HrGold , XAU/USD , I hope everyone out there had a good 'New Year's Bash'. Well now let's get back to work. As shared in my previous chart we talked about buying small lots @1785, and I hope you all closed it with insane pips of profit. As we see the precious metal hiked upto 1831 this week.
As I have been got cut up partying too I couldn't manage time to share my setup update, but here it is! LETS MAKE SOME SERIOS MONEY!
You see the Simple S&R levels, playing out good. We see some opportunity of buying here at 1800-1803, taking profit at 1823. Also we sell if the price escalate below 1800 and we take profit @ 1797 and then if rejected then @1789 which is the next support level.
I hope my analysis will be helpful again for my followers and viewers. Please Share if you agree.
Be careful with your risk management. Trade safe.
Follow to learn and earn.
Let's make money all together.
CHEERS to this NEW YEAR!
Consistency isn't something you get, it is something you doConsistency isn't something you get, it is something you do!
Consistency in trading is a vital component, yet most traders think its something you get, it is not something you get it is something you do daily!
Having a trading plan is something you do and them follow (do again)
Following position sizing and risk management is something you DO
Executing your system is something you DO!
You get the drift! Do more good!
Know Your LevelsTodays daily primer is all about key levels, Don't make trading harder than it needs to be. Know your levels, keep track of them, have a system that says BUY or SELL as quickly as possible and then just execute your trades!
All you needed to do was follow up, know the key levels and execute. It makes this job much easier when you are prepared and this type of preparation is easy. We are looking for an edge and keeping track of levels is KEY at making easy money (at least for our day trading system).
Every Sunday I sit down and map out important levels, I also review my trades for the previous week, for development purposes, and during that review of past trades I specicially check these levels and how price behaved at them.
I'd like to show you just how important levels are, but you should also checkout our VWAP video released just before this video.
audchf sell setup low risklow risk high reward trade set up. price formed a bearish reversal pattern at a major weekly resistance level.
pattern harami(inside bar)
Entry 0.66541
Stop loss 0.66795
Take profit 0.65389
Day trading NASDAQ and making over 9,000 on itHey traders!
This is a short clip of a recap of the trades we've taken on NASDAQ / Us100 today.
The video explains our strategy in brief detail and goes over the reasons why we traded NASDAQ long today (and we continue to do so towards the close of the day also).
We are full time day traders, we only focus on day trading and we've recently made major update on our strategy, this video explains a little more regarding the strategy
XAUUSD 4HrGold , XAU/USD , As shared in my previous chart we talked about our TAKE PROFIT from 1791, which played out perfectly right from the assigned level. I hope my analysis was helpful for my followers and viewers. Now the yellow metal will hopefully test the next TP which is there @ 1784-1781, As for now we will wait to treat on the mentioned TAKE PROFIT above. Also playing the safe game I would suggest to buy a small lots right at 1791.
Later I will update you all with my new chart which will be published after we feed on our next TP's.
I hope it was helpful for you all, Please also be careful with your risk management.
Follow me to learn and earn.
CHEERS!
XAUUSD 4HrGold , XAU/USD , As shared in my previous chart we talked about the rejection from 1810 which played out perfectly, I hope my analysis was helpful for my followers and viewers. Now the yellow metal is trying to test the next level, which is my TP @1791 further low will be @ 1784-1781. As for now we will wait to treat on the mentioned TAKE PROFIT above.
Later I will update you all with my new chart which will be published after we feed on our TP's.
I hope it was helpful for you all, Please also be careful with your risk management.
Follow me to learn and earn.
Cheers!
Tips for new or struggling day tradersHey traders!
This video is a small guide for new or struggling traders, we hope the short video helps you become better and sets you up on the path to real and lasting success!
ETH SHORTHeytraders
check out this quick scalp setup,
price looking to take out liquidity and continue the price structure
$NVDA Trade Idea $NVDA Trade Idea
Contract: 12/3 342.50c
Entry: 335
Targets: 327.20, 328, 339.30, 343.30
Stop loss: 15%
GOLD SELLGold retest on 1800.000 bank level. created a lower high and broke trend line 15min timeframe. prediction for gold on next 2-3 days *SELL*
GBPJPYENTER LONG FROM 151.200
SL 150.700
TP OPEN
Please consider to put a like to my idea for supporting me & subscribe for more ideas.
Idea is not the financial advice!
GOOGLWelcome my dear Fried!
It is my analysis for currency pair for the next week.
Is there any doubt, question, criticism or praise?
you can write just below. I will be responding when I read! Success to us
Attetion: CFDs, Forex, Cryptcurrency are complex financial products and come with a high risk of losing money.
Transparent & Ethical Trader
¡Bienvenido, querido Fried!
Es mi análisis del par de divisas para la próxima semana.
¿Hay alguna duda, pregunta, crítica o elogio?
puedes escribir justo debajo. ¡Estaré respondiendo cuando lea! Éxito para nosotros
CFDs are complex financial products and come with a high risk of losing money.
Atención: los CFD, Forex, Criptomonedas y otros son productos financieros complejos y tienen un riesgo de pérdida muy alto.
Trader transparente y ético
