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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.
FX:XAUUSD
by arjTradingofficial
GOLD on 31st Jan 24 :- BEARISHIf #XAUUSD or #gold closes m15 candles and retouch back above 2035.5, it can touch Bullish upto 2050 level. Alternatively, if it goes bearish and retouch back below 2030, then only gold can be bearish upto 2020 level. Join us . #Trading, #StockMarket, #Forex, #Investing, #TradingTips, #TradingStrategy, #DayTrading, #SwingTrading, #OptionsTrading, #TradingEducation, #TradingCommunity, #TradingPsychology, #TechnicalAnalysis, #FundamentalAnalysis, #TradingSignals, #TradingTools, #TradingPlatform, #TradingGoals, #TradingSuccess, #TradingLifestyle, #TradingJourney, #TradingCoach, #TradingBooks, #TradingWebinar, #TradingResources, #ChartAnalysis, #TechnicalIndicators, #CandlestickPatterns, #ChartPatterns, #SupportAndResistance, #TrendAnalysis, #PriceAction, #FibonacciRetracement, #MovingAverages, #RSI, #MACD, #BollingerBands, #VolumeAnalysis, #BreakoutTrading, #ReversalPatterns, #Divergence, #TradingCharts, #ChartingSoftware, #TradingSetup, #TradingOpportunities, #ChartAnalysisTips, #TechnicalAnalysisTools, #TradingSignals, #ChartingStrategies, #TradingAnalysis,#PropTrading, #PropFirm, #ProprietaryTrading, #TradingFirm, #PropTradingProgram, #PropTrader, #PropTradingOpportunity, #PropTradingJobs, #PropTradingCareer, #TradingAllocation, #RiskManagement, #TradingInfrastructure, #TradingCapital, #TradingPerformance, #PropTradingCommunity, #PropTradingTraining, #PropTradingEducation, #PropTradingPlatform, #PropTradingFirmReview, #PropTradingInterview, #TradingChallenge, #TradingEvaluation, #PropTradingRules, #TradingDesk, #PropTradingInsights,#DayTrading, #DayTrader, #IntradayTrading, #Scalping, #DayTradingStrategies, #DayTradingTips, #DayTradingCommunity, #DayTradingEducation, #DayTradingLifestyle, #DayTradingGoals, #DayTradingPsychology, #DayTradingSetup, #DayTradingTools, #DayTradingSoftware, #DayTradingCharts, #DayTradingIndicators, #DayTradingSystem, #DayTradingPlan, #DayTradingSuccess, #DayTradingProfits, #DayTradingIncome, #DayTradingSkills, #DayTradingStrategiesThatWork, #DayTradingCourse, #DayTradingWebinar
OANDA:XAUUSD
by tripplepips
How To Strategically Plan Your TradesBy dedicating just a minute per pair you trade, we can ensure that you're well-prepared for the upcoming market opportunities. So, let's dive in!" 1. Start with the goal- to make money, lose no money at all, or lose a small portion of your trading account Set yourself up for all 3 * this is based on the opportunity - currency pair with the right market condition- don’t trade when the market is quiet - What Timeframe has your money- focus on the timeframe you vibe with - How long will it be before you enter the trade and exit the trade- everything is an estimation. Don’t stress forcing the trade. Let the money come to you 2. Prepare for trade planning: overview - Sunday before the market opens- wake up, spend time with God, family, and then your charts - Assess the past weeks performance and plan how you’ll trade for the upcoming week- - Allocate 1 minute per pair to effectively strategize without spending excessive time over analyzing- be a quick decision maker How to review the previous week price movement: 1. Analyze each trade you entered and note what trades were successful and what were not successful 2. Note if you made any mistakes. All losses are not mistakes. 3. Note if any of your pairs made new highs or new lows or consolidated 3. Strategize based on your edge- what you are good and fast at? - Focus on the 1 or 2 strategies do you understand and can articulate well Prioritize these strategies because they increase the likelihood of success and maintaining a clear plan. - Focus on the currency pair that has the right market conditions to trade your methods There are 6 market conditions - conditions are environments like calm or violent weather - focus on which conditions your strategy thrives best in. * if the condition isn’t there, don’t trade that pair 4. Currency pair selection - Don’t overwhelm your week trading ever pair on your watchlist if you trade more than 3. - Focus on the pair that provides the favorable setup when everything aligns - * trend, market condition, and the profitability 5. Setting entry and exit points - your entry and exit go back to how well you can understand and articulate your strategy. - My TMP strategy, the first step , T(trend) is designed to automatically show you where you’ll take profit and place your stop loss. - Consider the steps you take to identify the trend and simultaneously plot your take profit and stop loss - Consider then estimating where you’ll enter your trade - My TMP strategy, M(market structure), is designed to automatically show you where you’ll enter your trade. - Then place a pending order or know the exact candlestick you enter your trades on Mindset shift really quick - risk management is a way to protect your capital and optimize your profits - Write what you’re protecting your capital from? * your families financial peace * Your financial peace * Failing as a business 6. Journal your plan - Trading view allows you to video your trades and publish them privately or publicly - You can use an excel spreadsheet or notion - Or a good old fashion notebook and pen Congratulations! You've now learned a strategic approach to plan your trades every week, leveraging your edge and focusing on your two best strategies in favorable market conditions. Remember, dedicating less than a minute per pair can significantly enhance your trading preparation. By implementing these steps consistently, you'll be well-positioned for success. Best of luck in your forex trading journey! Like and share the post if you found this valuable and would like more written content like this. Shaquan
Editors' picks
Education
by ShaquanLopez
27
** AUDJPY ** sell trade currently openHi all, hope your having a great week, really happy with current performance for the strategy, forward testing is showing solid results across the board. The entry price, stop loss (in pipettes) and take profit are shown on the chart itself. Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress. My name is Al, I'm 40 and from the UK. I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can. Any questions, feel free to drop me a direct message if I can help. These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too. This is all for information and education. Have a great day, Al. 🙂 PS. Check my other 'Related Ideas' too.
Short
by AL-1-
** EURUSD ** its been a nice month so far for eurusdHi all, hope your having a great week, really happy with current performance for the strategy, forward testing is showing solid results across the board. The entry price, stop loss (in pipettes) and take profit are shown on the chart itself. Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress. My name is Al, I'm 40 and from the UK. I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can. Any questions, feel free to drop me a direct message if I can help. These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too. This is all for information and education. Have a great day, Al. 🙂 PS. Check my other 'Related Ideas' too.
Short
by AL-1-
** GBPJPY ** long trade currently playing out.Hi all, hope you all had a great weekend and ready for a fresh week on the charts. The entry price, stop loss (in pipettes) and take profit are shown on the chart itself. Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress. My name is Al, I'm 40 and from the UK. I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can. Any questions, feel free to drop me a direct message if I can help. These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too. This is all for information and education. Have a great day, Al. 🙂 PS. Check my other 'Related Ideas' too.
Long
by AL-1-
** AUDJPY ** currently in drawdown lets see how this plays out Hi all, hope you all had a great weekend and ready for a fresh week on the charts. The entry price, stop loss (in pipettes) and take profit are shown on the chart itself. Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress. My name is Al, I'm 40 and from the UK. I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can. Any questions, feel free to drop me a direct message if I can help. These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too. This is all for information and education. Have a great day, Al. 🙂 PS. Check my other 'Related Ideas' too.
Short
by AL-1-
Update to previously posted GU trade. Afternoon traders This is a update on a previously posted idea from only a few hours ago. It was a trade on GBPUSD on the 30M time. The script I am using is set on this pair at a 1:2 risk reward. I simply take the trade set my stop loss and take profit and let it play out like today's trade. I can get on with the rest of my day knowing I have a proven back tested strategy just working away. The trade played out and hit the take profit target. That takes this pair traded this way with 2% capital risked per trade to 243% net profit year to date. This isn't a brag post it's to show the potential of the script I am using and I have added notes on the chart showing where I might of exited the trade without using the script because emotions would of come into play when the retrace started to occur. Using the strategy removes those emotions and I simply let a prove plan play out. For any more information on the script I am using please drop me a message.
Long
by RichScott
While the currencies sleep.... LUV looks AMAZING!I'm a heavy forex trader but sometimes the forex market just sits and makes us wait and when that happens I jump all over stocks (and vice versa) Right now I'm watching Southwest and it looks great, $50 is a major support zone and channel low, if that holds I like getting long (vertical put spread or call options) for a move into the high $50's. However if $50 does not hold I don't want to hang onto this stock, it could get messy below that support. Happy trading, let's make some bucks!
NYSE:LUVLong
by JaredJJohnson
2
Ethereum Fibonacci resistances 10/254/443/581/718/884/1153 Ethereum Fibonacci resistances at 10,99 / 254,70 / 443,99 / 581,23 / 718,46 / 884,00 / 1153,83 Just like Bitcoin/Bitcoin Cash/XRP and Feathercoin it looks like Ethereum is also building an horizontal pattern and possibly will bounce between 581 and 884. I own some of all of these coins because I am convinced of the Blockchain technology will dominate in the future and prices will rise in the future. Crypto currencies I don't trade as CFD's. Too much risk, mainly because they expire very soon every time. When you want to invest in crypto, I advise you to buy 'real coins' and not to speculate the chart with CFD's. I have bought XRP-Ripple, Bitcoin, Bitcoin Cash and Ethereum! ------------------------------------------------------------------------------------------------------------------------------------------- My main strategy is called 'cycle-trading'. After years of learning and practicing after I bought a teaching-package from a visionair, I found a way of how to trade successful with CFD's on the stock-market. Every stock is following an certain cycle which repeats itself. So, movements are often appearing in the same percentage, aswel long as short. This cycles appear at all levels; when you analyse the chart at 1 month, 1 week, 1 day, 1 hour. (others I don't use). This is the case, because all in life is build by the fibonacci sequence. When you analyse the chart, you'll also see the stock market is behaving itself as the fibonacci sequence. But, still the most difficult part and what it's all about, is where does a long or a short start? and which point is telling you that the cycle is started, so that you know it will probably go to the next fibonacci resistance? .... therefore I have developed some own indicators! The exact positions of where to open, to close and the stop loss position and take profit position is very important to be successful with trading! My strategy is to never trade on volatile markets. You will lose your money when you do! Trade on technical-chart analysis! not on news and volatility! One of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators, some I show in my charts. Therefor I use the fibonacci sequence. My indicators tell to open a position or not and in combination with other own created indicators I decide where to place the stop loss and take profit positions. - and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! or open directly. - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are other positions than the resistances in the market! - the moving-averages and bollinger-bands are very important indicators also. They are helping a lot! by making decisions. And that is Why I win more than I lose in the end. Patience is everything, we’ll wait for the right moment! But don't forget; trading means investing. Sometimes you lose more than you win in the beginning of a period! Most of the times the sentiment changes on Monday! please consider that when you start a position on Monday. Tuesday, Wednesday and Thursday are on steady markets normally calm trading days. Than, my strategies work at their best! Like my analyses? don't forget to follow me, so you get updated when I post new ones. Also read my account and the 'status updates' to be informed. Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
BITFINEX:ETHUSD
by Rich_Exclusive_Trading