LONG POSITIONPotential Long on AUDNZD
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Daytrader
LONG POSITIONBTC/USD DAILY CHART – BEARISH RSI DIVERGENCE HINTS AT FADING UPSIDE MOMENTUM
BTC/USD appears to be eyeing a push to fresh record highs, as buyers key in on the current all-time high set on February 21 (58321).
However, significant bearish RSI divergence hints at fading bullish momentum and may ultimately trigger a short-term reversal lower, if buyers fail to hurdle the yearly high.
That being said, a significant amount of divergence has been displayed since the start of 2021, with the price of BTC climbing as much as 101%.
Nevertheless, if psychological resistance at 60,000 holds firm, a correction back towards the monthly low (46417) could be on the cards.
Alternatively, a daily close above 60,000 would probably signal the resumption of the primary uptrend and bring the 61.8% (61298) and 78.6% Fibonaccis (66226) into play.
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SHORT POSITIONWe can see sellers are strong on this pair
we are looking for EURCHF Go short
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LONG POSITIONWe can see sell position on EURCAD Where we have our fib Retracement we are looking for sell positions soon
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LONG POSITIONUSD/JPY is turning higher as Tokyo gets going while the focus remains on the risk of the Federal Open Committee meeting later in the New York session.
At the time of writing, USD/JPY is trading at 109.08 having travelled from a low of 108.96 and reaching a high of 109.09 so far.
Meanwhile, US markets were little changed overnight, shrugging off disappointing US Retail Sales data.
Instead, the US dollar remained firm in anticipation of the Fed's easy money stance along with the recently approved fiscal stimulus package.
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❗ What to look for when I post an idea - Check the Trade Log! ❗A quick video running through how my ideas work and why they're different!
Trading for me is all in the detail and the planning now.
Know your numbers and your data and you can plan properly.
You know if your strategy or system works or not and you can ensure your risk management is in line with probability.
Rule number one is...
You cant run out of money, else you're out of business, right?
You can even run out of money with a profitable strategy, if you risk to much and hit a losing streak - even if the strategy is profitable!
Trading is a long game, not about retiring off that one lucky trade you might hit over the course of a week.
You'll also give the profits back with interest anyway.
Talking from experience!
Have a great weekend, any questions - feel free to reach out vis the DM.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
❗ Gold now selling off 🤷🏻♂️📉📢Entry details are shown on the chart.
We have a large target on this strategy, which basically means we will hold until a reverse signal when trading Gold on the M30 timeframe. See the data below.
Trade history can be seen below this trade idea too for full transparency.
This isn't one of our main timeframes, but I'll be doing more testing on the H2 chart over the weekend.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
A Day Traders Results of not Sticking to the Plan! feat. BoeingAt times I find myself locked in to trying to find a better entry while my trade plan is setting up during the day. More often than not, when the internal battle is won by the impatient voice in my head,
I sneak into a trade early and pay the price for it.
Well... today was one of those days
I'm not sitting here saying that my set-ups are always right, nor am I saying I'm some trading savant that wins every trade. What I am saying is the important part is to have a plan and follow it. In doing this, it eliminates a lot of the emotion that can go into the decisions being made throughout the trading day. It allows for well-thought out entry and exit points, manages exposure of losses when wrong, and provides a picture of what the profit/loss will be depending on if the analysis is right or wrong.
Below is just an example of a position I took today in which I didn't follow my plan and ended up being on the wrong side of the trade. The technical analysis explained is simply included to describe the approach and thought process I had in entering this trade. In no way am I suggesting for anyone to use these types of set ups, nor am I claiming these set ups are a successful way to trade.
SPOILER ALERT: The price action would have given me my entry if I would have stuck to the plan.
This morning I posted the trade idea image below before entering a trade in BA
At this point I had been patient and let the 1st move settle. I noticed that the price action was stuck dead in the middle of a battle between two previous action zones; one supply (top gray-shaded zone) and one demand (bottom green-shaded zone). I was licking my chops knowing that this was setting up perfectly for a day trade. I anticipated that the price action would give me a good point of confirmation before making its move either to the up or down-side.
The plan that if the price broke up above the supply zone, entry would be triggered at a rejection of downside re-entry into supply. Or to enter a long put position at a rejection of upside re-entry back into the demand zone, following a break below.
The confirmation of a call entry would give a change of about 3 delta to the upside while placing my stop-loss at a break below the supply zone, giving a delta of -1.5. Profit target was decided by an above descending trendline in which the angle was produced by previous highs of supply resistance connected to the following confirmed demand zone before a lower supply was formed. So, a higher supply based resistance would be drawn to a lower demand-found support, angling down towards but above the current price range. My thought here is that if there is downside rejection to a previous supply zone, the sellers are currently no longer there. Inversely, an upside rejection to a previous demand zone shows that the buyers are no longer there.
The confirmation to enter a put position provided the same risk/reward profile as the call entry. Similarly, the profit target was decided by the inverse of the supply to demand (descending) trendline. Which results from a previously lower supply zone connected to a higher confirmed demand zone, ascending towards but below the current price action.
Whether it was because I got impatient, or maybe I thought I had solved the Rubik's cube equivalent to arbitrarily drawn trendlines for intra-day breakouts... It didn't matter, I didn't really have a plan.
Below is where I decided to enter the trade. - I posted this chart as an update to the trade idea shortly after I entered.
I wasn't sure what resistance would be produced from a break of that level and I wasn't really sure at the time where my stop loss should be placed. After entering the trade I realized that the entry would give me higher negative delta to reach my stop (increasing it to as potentially high as -2). I still really wasn't sure where price would find upside resistance, so I just used the same resistance as the original plan.
So what came as a result?
After a break of the supply zone failed to hold, a higher low was found but was quickly met with a rejection to break back into supply.
The result? A potential diamond top developing!
Translation = quick, everyone long simultaneously set stop losses on a break below the bottom trendline support.
Next up. You guessed it
Stop was hit and I exited the trade for a loss.
The result of entry from the original plan is as follows.
Lessons to be learned-
1. Yes, although in this case my original trade plan would have given me my entry and produced the expected profit, this will not always be the case.
If a trade plan is created and it doesn't end up triggering your intended entry, GOOD! you were wrong anyways but you didn't have to lose money this time to figure that part out.
Take this as an opportunity to review your trade plan. See what indications you may have missed to enter or not to enter. See where you can improve your edge.
2. Maintain control of your emotions during price action, don't let quick moves produce a reaction.
If a move is already happening quickly, guess what you're late to the dinner party. Don't try and convince yourself that the stale crackers and warm coleslaw left is the meal you really want to be eating.
3. If you miss a trade or your plan doesn't produce an entry, try an identify where others entered and why.
4. Look at both sides of every trade.
-If you intend to go long ask yourself if you already held a position what would keep you from selling at your entry, or what would reasons would there be to add to your position here.
-If you're short ask yourself "why wouldn't I buy here" or "why would I want to be quick to sell at this level?"
5. The best part about trading is learning. At times, it is more rewarding to learn than it is to win.
-I have included the link to my original BA trade idea
Things armature traders do, that you must stop!Hey hey!
Happy weekend to all the traders out there!
In this video we go over a little bit of specific education on what failing traders do daily that you need to STOP if you want to get profitable!
We hope that you enjoy the video and do let us know if there is a specific subject you want us to cover in the next one! Just leave a comment below!
AUDUSD Sell running ... ❗Entry details are shown on the chart.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out do they.
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM.
Thank you.
Darren
🇪🇺🇨🇦 EURCAD two out of three 100 pips secured. Hello traders
Before I log of for the day I just thought this would be a good opportunity to show how I've traded this pair over last 5 days.
Crucial bit here however is I haven't carried out a single minute analysing the chart for this pair in any form over those 5 days!!
Our strategy has simply allowed me this luxury of not having to analyse and judge where to enter and where to exit said trade.
Our strategy does that for you and even prints all the required trade information next to the trade alert.
I've had no emotions affecting my mind in any of this. I am simply following the trades as they present on the chart! That's how easy this is.
The above isn't strictly true it's been even easier! As our strategy can be automated.
Checking my open and closed trades is when I spotted EURCAD trades had closed in good profit.
This the first bit of chart time spent this week on the pair in question and that's me writing this idea.
What strategy am I using here?
Our strategy is a trend follow strategy.
The strategy is 5 individual strategies combined into one. The trade is only valid when all 5 confluences line up.
At this point a trade is presented on the charts with all the necessary information printed at the side of the alert.
You then take this trade manually or you can automate the strategy and let it all be done automatically.
Also with having an ATR based Stop Loss & Take Profit, you'll know where and how your closing your trade every time - without having to think about it.
The strategy works on any time frame and instrument and can be set to how you wish to trade.
How can we be so sure on the manner we are trading works?
Quiet simply by the strategy having a built in back tester.
The Strategy can be set to your desired way of trading. Then immediate back test data will show if that method is profitable or not.
Back test data is all we have to go on as traders and this level of data is crucial in building a trading plan.
The back test results gives our traders a proven trading edge and confidence to then execute the trades on the markets.
I know this pair was profitable all last year and the data for the pair can be found at bottom of the page.
However the data provided in this idea is slightly different to my previous ideas as I've shown the data for the year so far.
Stats are based on trading £5000 capital risking 2% per trade. We have a 21% ROI in the first 7 weeks of 2021!!
Trading should be about freedom and no emotional strain. It 100% shouldn't be about excess chart time analysing for the next day!
I'm off to enjoy a nice cool bottle of beer now. If you fancy that instead of still being stuck to the chart drop me a message and lets see if we can help you.
Thanks for looking at the idea.
Rich
$VCNX PT 8 and higher (@snow6)Vaccinex, Inc., a clinical-stage biotechnology company, discovers and develops bio therapeutics to treat serious diseases and conditions with unmet medical needs. The company offers its products for the treatment of cancer, neurodegenerative diseases, and autoimmune disorders. Its lead product candidate is pepinemab that is in clinical development stage for the treatment of non-small cell lung cancer (NSCLC), Huntington's disease, osteosarcoma, melanoma, and Alzheimer's disease. The company is also developing VX5, a human antibody to CXCL13 that is in preclinical development for the treatment of MS and potentially for other autoimmune disorders; and VX25, a bi-specific natural killer T (NKT) cell stimulator, for the therapeutic application of NKT cell stimulation for cancer immunotherapy. It has a clinical trial collaboration and supply agreement with Merck KGaA to test pepinemab in combination with avelumab checkpoint inhibitor in NSCLC patients. Vaccinex, Inc. was founded in 2001 and is headquartered in Rochester, New York.