15m Trade Plan | IntradayHere's a breakdown of the steps you can follow to analyze the 15-minute chart based on your strategy:
Identify a Valid Break of Structure (BoS):
On the 15-minute chart, find the most recent significant swing point where the price broke a previous structure. This is your BoS.
Mark the Swing High and Swing Low associated with this BoS.
Mark Internal Pullbacks (Liquidity Spots):
Within the range of the Swing High and Swing Low, identify the smaller pullbacks or retracements. These are the internal liquidity spots.
Mark these liquidity spots on your chart.
Identify Sub-Internal Structural Points:
Between the marked liquidity spots, look for even smaller price movements or minor structural points that may represent areas of consolidation or minor trend reversals.
Mark these sub-internal structural points on the chart.
Determine Entry Points:
Based on the liquidity sweeps:
Buy-side liquidity sweeps: Look for areas where the price sweeps the liquidity above the previous highs.
Sell-side liquidity sweeps: Look for areas where the price sweeps the liquidity below the previous lows.
Take entries at these points depending on the direction of the BoS.
Consider the 15-Minute BoS Direction as the Continuation Trend:
Ensure your entries align with the overall trend direction indicated by the 15-minute BoS.
If the BoS is upward, focus more on buy-side entries.
If the BoS is downward, focus more on sell-side entries.
This approach helps you stay aligned with the trend while also capitalizing on liquidity sweeps for potentially high-probability trade entries.
Daytraders
USD/JPY - Last FridayOANDA:USDJPY
Last Fridays FX Sessions
Not bad for this pair for taking shorts.
I marked a few prime short entries on the 5m, and there were others as well.
I did not take an entry on this pair, but it was one of the top 2 pairs I filtered, to take a short.
Instead, I took one on the EUR/JPY.
Patience, and trade management.
Trade well
S&P500 D1 - Stocks to climbS&P500 D1 - US stocks starting to climb off the back of recent events, mainly the inflation turnaround and confidence in rate hike performance. Typically we see the dollar fall as the US stock market gains, or vice versa due to negative correlation. Risk on/risk off cycles in effect, largely influenced by global and regional macroeconomics when concerning the USD. We have indicated major support targets of 330/3300, but this may not come into play. 15% gains in the last month since the latest low.
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How can we use simple indicators to trade??
How can we use simple indicators to trade??
I Use 1 minute Chart of Mini dow futures contract
#trendanalisys #chartpatterns #tradingview #trading #stocks #sp500 #stocktrading #dojones
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Sitting prettyTSLA has situated itself pretty nicely.
Currently holding its position above the 980 control point and showing a temporary consolidation.
What to expect from here:
-TSLA between two points 1. 995 & 2. 1020
-TSLA has to break one of these two and confirm direction
If 1020 if breached to the upside
-1060 and 1117 are the next targets.
If 995 fails and confirms the downward direction with stregth
-980 and 882 are the targets to the downside.
Stay green!
GBPUSD H4 - Long SetupGBPUSD H4
Same again here for GBPUSD as compared to GBPJPY... Looking for a bit of a market correction here on cable before then taking off again.
Heavily influenced by 12:00pm events though, so please be aware and protect positions. Should be another interesting day with aggressive GBP related moves as previously mentioned. 1.33 is clear resistance. So a pivot point in my eyes.
GBPJPY H4 - Long Trading SetupGBPJPY H4
Lets see where we move towards today following BOE. Another big economic event which is going to cause a stir and shake up to the markets, especially GBP markets of course...
Break and retest seen and GBP bulls as mentioned on our IG post. Lets see what comes out of BOE and whether hikes surface and GBP rallies.
CADJPY H4 - Short SetupCADJPY H4
Next entry point marked on, as described in the technical rundown, and break and subsequent retest of this interim S/R level at 89.00 would be our next point of entry. Sold off a solid 110 pips last week.
89.00 down to 88.00 firstly, with potential to extend further beyond, targeting 86.300.
GBPJPY H4 - Correction then Short setupGBPJPY H4
Still waiting patiently for the pullback up towards our 155 whole number price, key support/resistance and retest of the latest blood bath. Certainly a confluence zone, GBP has been paying nicely over the last couple of weeks, so happy to wait for this and set alerts/pending orders.
GBPAUD H4 - Long SetupGBPAUD H4
As mentioned in the technical rundown, this was yesterdays trade of the day, I managed to bank 1.5R on this after pushing circa 2.2R profit. Couldn't optimise the close, but caught the biggest and fastest chunk which I was happy with.
GBP inflation data out this morning showing positive signs and outperforming analyst expectations. GBP positive, but we haven't really seen much of a move off this. AUD again weakness continuations due to everything ongoing with CV19.
Looking for a break above resistance and our 1.89 handle, subsequent retest and long opportunity in line with the previous support/resistance break and retest we saw on the 13th September.
USDWTI H1 - Short SetupUSDWTI H1
Looking to see some sort of reversal here, on these H1 charts lower timeframe confirmation is usually required IMO.
Reason being, we typically move away from our big number, psychological numbers, key H4 supply etc... So in essence we are trading interim zones and banking on lower timeframe continuations.
Waiting for a nice price rejection or structure break and retest is important.
Day Trading Strategies📊 Day Trading Strategies 📊
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Day traders use numerous intraday strategies. These strategies include:
🛑 Scalping: This strategy attempts to make numerous small profits on small prices changes throughout the day.
🛑 Range trading: This strategy primarily uses support and resistance levels to determine buy and sell decisions.
🛑 News-based trading: This strategy typically seizes trading opportunities from the heightened volatility around news events.
🛑 High-frequency trading (HFT): These strategies use sophisticated algorithms to exploit small or short-term market inefficiencies.
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NZDCAD H4 - Long SetupNZDCAD H4
Long setup indicated here, again another one carried forward from last week, looking to see if we double bottom from our interim support/resistance price. If we do, we have a solid 4.2R trade measured from our buy zone to take profit target.
We pushed just slightly shy of 2R on the latest bounce, but again, fresh week more volume. Lets see what we can capitalise on.
USDCAD D1 - Long SetupUSDCAD D1
Of course, inline with the DXY break we have seen, we have obviously got various USD*** bull break setups and ***USD bear break setups.
We have seen an initial rejection of 1.27800, not so much interested in the short setup we have indicated, more so jumping in with the bullish move from 1.26250 support up to 1.27800 again with the chance up breaking upside inline with further USD strength.
NZDCAD H4 - Long SetupNZDCAD H4
Resistance has seen an upside breach. Waiting for a support pullback, once of the main perks trading this strategy, regardless of whether a zone holds and rejects, or breaks and retest. We can also prepare and measure the trade or alternative trade, depending on what happens.
As annotated, waiting for the pullback (just like DXY H4 chart) before looking to load up on long positions, TP initially would be the breakout high extension.
Nice H1/H4 trend which looks clean too, so a nice continuation of that would work in bull favour.
USDWTI H4 - Long SetupUSDWTI H4 -
Extending higher with clear fresh highs set. Looking for a pullback to repeat what we have marked up and executed over the last few weeks, demand is still there, price is still on the rally. Simply looking to buy the dips effectively.
Hard to predict TP targets, typically we use the previous breakout high, but it's not always quantifiable, and with assets as volatile as WTI. It's sometimes best to forecast and be a bit more conservative with stoploss' (use larger stops).
Gold H1 - Short SetupGold H1
Manic moves from gold off the back of Fridays antics. Really struggled to break above 1793 resistance which we had spoken about. Eyes peeled on this top resistance price, hourly range seem to be holding quite nicely. Higher lows are still being set, so maybe waiting for a lower timeframe break and retest would be prudent in this instance.