SP500 ShortWe are currently in a strong uptrend on the SPX. I personally believe that a consolidation phase is imminent. That's why I have initiated a short position with a risk-reward ratio of 1:4.
Daytrading
#ES_F Day Trading Prep Week 03.10 - 03.15
Last Week :
Last week market opened inside Value, first cleared upper stops then got a nice sell from 5154.25 - 59.25 Key Resistance area back down to VAL, cleared that Support and got continuation back inside lower Edge taking all the lower stops except the pinata stops at Key Edge Support of 5066.50 - 60.75. Lower Edge ended up holding and we got a push back inside Value where we pretty much spent Friday. We did make a push above VAH which was met with selling and we ended up closing back inside Value.
I have rolled my contract so Friday was trading new contract which opened up at the above Edge, made a push to next VAL and as mentioned that was a good target for that day as we can see profit taking in those above areas going into the weekend which gave a nice sell back under the Edge towards VAH.
This Week :
This week can be tricky to try and guess for multiple reasons, it's Opex week, we are going through contract roll, we are around KEY HTF Area and of course plenty of data dropping as well. But at least we can have a what IF game plan to go into it and see how the week develops.
Usually if you see a Failure over HTF Edge like we had on new contract Friday that could bring in weakness and give a move back down to previous ranges VAH / Mean / VAL and Lower Edge, which we could get BUT because old contract closed inside Value, new contract is currently inside this 5150 - 5250 potential balance area over VAH and higher time frames like 4hr / Daily are not showing trend change just yet which tells us we have to be careful forcing for that as market may hold and let things catch up while we digest another big move without giving that bigger sell that everyone keeps expecting.
I will be taking this week level to level range by range unless it shows bigger moves are ready to happen which you could continue catching level to level anyway. New contract is currently inside 5199.75 - 5159.25 Range, we have trapped Supply over the Edge which could keep us under for time being but also failed to get inside or tag VAH from above on Friday which is telling us that there is buying which could give holds over and maybe smaller ranges again ?
To see upside from here we would need to take out Current Key Resistance at 5204.25 - 5199.75 and for any continuation above we would have to get through Edge top as our Supply is above. Current Support will be our VAH top at 5188.25 - 84.50 - 82.50 area which we would need to get through to try and make a push back inside Value towards the mean.
This 5204.25 - 5199.75 could act as temporary mean and we can see balancing around this Edge/VAH area until market will be ready to move again.
Levels to Watch :
Current Key Resistance 5207.50 5204.25 - 5199.75
Targets above 5219.75 - 15.75 // Would need to accept above to attempt a move past 5227 into 5234.25 - 30.25 Next Key Resistance 5249.75 - 5244.75 need to get over for attempt at new Value.
Current Intrarange Support 5188.25 - 84.50
Targets below 5174.25 - 5170.50 // Key Support for anything lower 5159.25 - 54.25
IF Stronger sell volume does come in we can watch for continuation towards VAL.
GBPUSD BullishThe US Dollar is strengthening, but the GBP/USD pair is exhibiting a strong uptrend. Currently, prices are testing the H4 bullish Order Block. On lower timeframes, bullish signals are already evident. The risk-reward ratio stands at 1:15, however, individuals use their own risk management strategies.
GBP/USD ShortGBP/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Live Trades and Prime Trading Areas explainedIn the video I discuss a few live trades and the reasoning behind the entries. I also talk about the lead up price action that is important to note when managing the trades.
I then discuss the same basic concepts applied to price action on the DOW and where the prime entries were and reasons for them.
The basic concepts discussed are :
- Momentum
- Price Action
- Candle Analysis
- Multi-timeframe Analysis
** If you like the content then take a look at the profile to get more ideas and learning material **
** Any Comments and likes are greatly appreciated **
Intraday Trading Nifty Futures & Options-14th Mar ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:48 for Hindi Audio)
-No Trades in the morning
-Nifty had buy volumes
-Selling/Buying Nifty after 12 was tricky today!
-How will i trade when market opens tom
Yemi_Fx1 | Bearish Setup on GBPJPY GBPJPY is approaching an area of value in a corrective manner (Ascending channel).
If the third touch holds I'll be looking for an impulsive move downward followed by a 15min flag continuation pattern, with a verified entry signal at the Top of the flag (Risk entry type) or a Breakout and retest of the flag a
(reduced Risk Entry type).
Intraday Trading Nifty Futures & Options-13th Mar ’24 Below mentioned points are discussed in my post analysis video(Fast forward to 0:42 for Hindi Audio)
-No Trades in the morning
-Couldn't capture the big moves in nifty
-Scalped Nifty for prev day low break
-How will i trade when market opens tom
Yemi_Fx1 | Bearish Setup on USDCHFWe see that price has moved out of the ascending channel on Daily and 4HTF and currently it has formed a flag to commit to the downside.
If the third touch holds with a convinced signal.
Then I'll be taking a short on this Pair.
If you found this helpful please support your fellow trader with a like.
EUR/AUD Short and NZD/JPY ShortEUR/AUD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
2 Setups & 8 Trades / Scalping Trades Review #2 🚌Hello Traders, another Scalping Review video analysis! 8 Trades today (4/8 or 50% Win rate on the day). I traded 2 different setups today. - Fakeout Against the Trend (2 Trades ) and - Fakeout with the Trend (6 trades) .. I earned more today trading the latter.. typically, trading with the trend is not a bad idea and my results showed that today :) . Although, going against the trend can provide great Risk/Reward opportunities and so we cannot discount that setup.
What are your thoughts on the Trading day review?
Please leave your feedback below if you enjoyed/disliked the 2nd part of this video series, Scalping Trades Review.
ETHUSDT ShortWe have bearish signal on ETHUSD chart. Bears are getting power to retest 3800 support zone. Risk reward 1/4
Intraday Trading Nifty Futures & Options-12th Mar ’24 Below mentioned points are discussed in my post analysis video(Fast forward to 0:45 for Hindi Audio)
-No Trades in the morning
-Sideways structure in nifty after 12
-Sold nifty near high once reversal triggered.
-How will i trade when market opens tom
USDCHF Sell stop orderThe level for our sell stop order is at 0.8730. There was a strong uptrend on the USD/CHF H4 chart; however, the bullish trendline has now been broken, indicating a potential sell signal. The risk-reward ratio for this trade is 1:3.
GBPAUD:🔴Possible bearish scenarios...!🔴(Details on caption)
Well, By checking the GBPAUD daily chart, we can see the price grabbed the buy side liquidity then had a bearish reaction, and activated the bearish daily breaker block.
Then to see more details we should check the 1 Hour chart. In 1 hour chart there are two bearish scenarios.
The first one is, that the price takes the liquidity above 1.939 and then falls to sell-side liquidity.
The second scenario is, that the price has a more retracement. In this scenario, the price may move higher to collect the liquidity above the liquidity pool(1.9445) and then start a downward move from OTE.
💡Wait for the update!
🗓️12/03/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
GBP/AUD SHORT IDEAMarket structure broke below this liquid zone
broke below support now retesting as resistance
looking for a sell to the nearest 15m support structure
great risk to reward setup.
looking for volume to push down during London session.
2 Setups & 3 Trades / Scalping Trades Review 🎋Hello Traders! This short video details my Trading Day. I traded 2 different setups today for a total of 3 individual trades. I won all 3 trades :). 2 Of the trades were Short trades as we had price rejecting Weekly Level 1.09510 to begin the week. We also had confidence to put on these Short trades since the London 4hr candle closed bearish and the current 4hr candle was bearish at that time. Rewinding just a bit for context purposes.. Originally price was consolidating during London session in a 10 pip range between 1.09460 and 1.09360. Then we began to observe some downward movement shortly after New York session opened. We started to move back towards the low price created during NFP on friday (1.09180). As we tapped into this price is when I began to look at the charts to scalp. We placed 1 Buy trade today as we creased the Low price of Friday's daily candle which turned out well. I did get in a bit early and so that was the least profitable of my 3 winning trades today.
Intraday Trading Nifty Futures & Options-11th Mar ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:22 for Hindi Audio)
-No Trades in the morning
-No volume in nifty before 10
-Bought Nifty after 12 and Sl was hit
-How will i trade when market opens tom
EURAUD:🔴Sell opportunity🔴
As you can see the price left the clean equal lows that can be defined as a target.
Well, the price grabbed the liquidity above the previous day's high and changed the market structure, so in that case we can expect a more bearish move to sell-side liquidity.
Please pay attention: We need LTF confirmation to execute the sell position.
💡Wait for the update!
🗓️11/03/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
GBPCAD - Weekly Level BreakoutVery interesting end of the week for GBPCAD. Price made a strong and clean break above the weekly level at 1.72769.
It'll be very interesting to see how this pair trades for the weeks to come. If price can hold above this level, I think we'll see very explosive momentum.
#ES_F Day Trading Prep Week 03.03.24 - 03.08.24Last week - we were able to consolidate inside the Edge that we broke out of and get a squeeze for another test of upper VAL and a push inside Value. We were able to reach the Mean but no continuation through it towards next Key Resistance and a sell back under end of Day.
Going into this week are inside a new ranges Value and our goal is to see IF more buying comes in to try to take out Current high to test next Key Area at 5159.25 - 54.25 and try to go above it ? IF we accept here and start balancing within new current range of 5154.25 - 5112.50 or IF stronger selling comes in to takes us back under VAL back inside Previous range ?
We have built up a good amount of stops inside a T2 Range at the lower Edge which took a week to build, if we start holding under 5140 - 5125 - 5112.50 that could bring in Weakness to try and take lower Stops. We would need a strong bid to take out current upper Stops and build above them to try and accept over next Key Resistance. If no strong selling comes in then we could start balancing in current range.
Levels to Watch : Current Resistance 5144 - 5140.25 // Key Resistance 5159.25 - 54.25
Levels Above : 5174.25 - 5188.25 // 5188.25 - 84.50
Current Support 5129 - 25 ? Untested // Key Support 5112.50 - 07.50
Levels Below 5095.50 - 92.50 // 5081 - 77.75 Key Support 5066.50 - 60.75
Yemi_Fx1 | BEARISH SETUP ON AUDJPY Maintaining a sell bias on AUDJPY based on the presence of a well-defined sell structure.
On the 1-hour timeframe (1HTF) shows the bearish bias is further supported by a potential continuation pattern in the form of an ascending wedge, with price currently testing resistance.
Be aware that today's high-impact Non-Farm Payroll (NFP) data release could cause price to break out of the ascending wedge resistance before moving in it main direction.
I anticipate a potential third touch of the ascending wedge's resistance. If price rejects this level, we can look for a confirmation shorting signal(A flag )on a lower timeframe (e.g., 15-minute chart) to enter the trade.
If you found this helpful please support your fellow trader with a like .
AUD/JPY Short and EUR/USD LongAUD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/USD Long
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
