Bought Nifty Future After 12 for a Gap Fill-5th April ’24 Below mentioned points are discussed in my post analysis video(Fast forward to 0:19 for Hindi Audio)
-No Trades in the morning
-No Volumes in nifty before 10
-Bought Nifty Future After 12 for a Gap Fill
-How will i trade when market opens tom
Daytrading
EUR/USD Long, EUR/CAD Long and USD/CHF ShortEUR/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.
EUR/CAD 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.
USD/CHF 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.
ES_F Updated chart for 04.01 - 04.05 Didn't post this weeks prep since last weeks was still in play but wanted to post an updated chart for a better visual of PA around the levels and structure we have been forming since last week. As mentioned we had this area under the Mean to fill out once we had the supply to do so, it took some time but we created the Supply for it and now are trading around these areas under the Mean filling it out.
Some notes going into rest of the week :
5249.75 - 44.75 Key Support at VAL has been holding all night, no continuation towards the Edge unless we accept under and more selling comes in to push us that way. If selling is not strong we can stay balancing in this VAL area around 40 - 60s with 5264.75 - 60.75 being our Intrarange Resistance if we build up enough we could try to push over towards 5275.25 - 79.25 Level to fill some of that Gap we have created above but need to be careful as we still have T2 and Supply above that Mean area which tells us any pushes over 64.75 could be met with selling once buying runs out and price can keep coming back inside VAL. We are currently inside 5244.75 - 5295.50 Range with Supply above so if we do hold this range for now we can expect to trade around the lower parts of it while supply is coming out. As mentioned Size shorts will be covering down at VAL and under it which can hold us up until they are done and then we will see if there is still Supply to take us towards the lower Edge or selling runs out and we try to head back inside the Mean for Supply but this can take time to play out.
Levels to Watch :
Key Support 5249.75 - 44.75 Need acceptance under AND stronger volume to try and push to lower targets if no volume then can keep trading around it.
Lower areas just in case are 5234.25 - 30.25 // 5219.75 - 15.75
Key Edge bottom and Supports 5207.50 // 5204.25 - 5199.75
Current Intrarange Resistance 5264.75 - 60.75
There is GAP above which means Supply, pushes over could be weak while still have selling but areas to watch above would be 5279.25 - 75.25
Key Resistance 5295.50 - 90.25
GBP/USD Short and GBP/CAD ShortGBP/USD 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.
GBP/CAD 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.
#ES_F Day Trading Prep Week 03.24 - 03.29Last Week :
Last week we opened below 5227 - 07.50 HTF Edge but weren't able to hold under it, we got some selling from Edge area back down towards VAH but not strong enough to get inside or break it, for any continuation under we needed to get through it which didn't happen. Once we got back over the Edge on Tuesday and this time held above, we were able to put together a cost basis there and once we took out VAL of New Range above VAH became our Target. We didn't hit it same day but got to it after hours which we know has less volume so its easier to move the market. We ended up tagging top of VAH but no strong buyers came in to take us over and that's when we started building the supply to back fill back towards the Mean to end the week with a break back under 5295.50 - 90.50.
This Week :
So far going into this week we know we have sellers over VAH and unless strong buyers come in, our current ones don't need to pay over Value. It's also Month end and this is a perfect spot for size longs to be taking profits and closing things up, BUT look at the small distribution ranges we had rest of the week which tells us we don't have size sellers to give us big moves from here so we will most likely need to wait for Supply to build up if we want to see continuation under 95.50 - 90.50.
For now the Mean can act as support as shorts will be trying to cover at cheaper prices for the supply that falls under 5300. This might be a tricky week again and ranges could be small while we are building Supply, we can see some tighter range balances around this top of Mean/VAH area and need to be careful with longs because we do have sellers now and long trades might fizzle out quicker than everyone wants as shorts don't have to pay higher prices while we have longs unloading into the buying to close out the month. If we can't make a push or accept over VAH and build up enough supply we could see a move through the Mean towards VAL at some point, just have to be careful forcing it early as we may need more time to test around VAH before we have the supply to do that. IF we do run out of selling at VAH and accept over 5322.50 we could see a run at next Key Resistance area towards the Edge but for that we would need to build up under VAH and inside it as well. 5310 - 06 area can still be tested and maybe even over it at some point before we get a better failure to see a move to push us further trough the mean. Quicker trades without expecting too much follow through would be best bet until we see that we will be ready to move.
Levels to watch :
Supply is over 5310.50 - 06.50 Which makes it possible resistance or to look for look above and fail area. If we get through and don't fail we have 5324.75 - 20.75 as VAH top
and 5341 - 36 as next Key Resistance.
5295.50 - 90.25 is current Key Area but we can't really say its our Support or Resistance just yet even though we closed at/under it on Friday, this area can act as smaller Mean, but once we have enough Supply over it and can get through we can watch lower targets for Continuation
5279.25 - 75.25 is first spot to hit and if enough supply VAL area at 5264.75 - 60.75 would be a good spot to visit as well.
5249.75 - 44.75 is Key Support for anything under VAL.
It is a shorter Holiday week so we have to be careful and see if we get any moves out of this area at all or will we spend the whole week trading around Mean/VAH area if that will be the case 5310.50 - 06.50 // 5295.50 - 90.25 +/- is our current shelf and can see trading within/around until we will be ready to move.
Scalping nifty as a buyer after 12 was also tricky 2nd April ’24Below mentioned points are discussed in my post analysis video(Fast forward to 0:22 for Hindi Audio)
-No Trades in the morning
-No Volumes in Nifty;Vix below 12
-Scalping nifty as a buyer after 12 was also tricky.
-How will i trade when market opens tom
Bought Nifty At Vwap with a Modified SL-1st Apr '24Below mentioned points are discussed in my post analysis video(Fast forward to 0:28 for Hindi Audio)
-No Trades in the morning
-Buy Volumes in Nifty before 10
-Bought Nifty Future At Vwap with a Modified SL which got hit.
-How will i trade when market opens tom
Stock: SST (System1, Inc.) Buy Alert with Risk/Reward Ratio of 7Stock: SST (System1, Inc.) Buy Alert with Risk/Reward Ratio of 7
Buy Limit Price: $1.16
Stop Loss: $1.10
Take Profit 1: $1.49
Take Profit 2: $1.58
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But what does the future hold for SST? With a market cap of approximately $135.158 million and a volatile Beta of 1.36, the horizon looks promising. Analysts are keeping a strong faith in System1, projecting a substantial potential upside with a 12-month price forecast of $4.67, symbolizing an impressive growth trajectory from its latest position.
For traders and investors eyeing SST, these fluctuations present both a challenge and an opportunity. As we approach the earnings date projected between May 10 and May 14, 2024, and with a 1-year target estimate set at $3.50, it's clear—System1 is a stock to watch. Stay tuned for its journey ahead, and let's navigate the markets together, professionally and insightfully.
Day Trader Trading Nifty Futures & Options-26th Mar ’24 Below mentioned points are discussed in my post analysis video(Fast forward to 0:36 for Hindi Audio)
-No Trades in the morning
-No Good Volumes in nifty in the morning
-Scalped Sold Nifty Future In Second Half
-How will i trade when market opens tom
AUD/JPY Short, EUR/JPY Short and CAD/JPY ShortAUD/JPY 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.
EUR/JPY 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.
CAD/JPY 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.
(Buy Alert) Stock: LPSN - Risk/Reward 12 - 1st TP 28%, 2nd 74%(Buy Alert) Stock: NASDAQ:LPSN - Risk/Reward 12 - 1st TP 28%, 2nd 74%
Buy Limit: $0.97
1st Take Profit Limit: $1.22
1st Take Profit Limit: $1.68
Stop Loss: $0.90
Market capitalization
89.43 MUSD
Free Float shares
66.43 M
Debt: $591M
Cash and Equivalent: $212M
Day Trader Trading Nifty Futures & Options-22nd 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
-Sell Volumes in nifty before 10
-Buy Nifty Future After 12 was the Volume Trade
-How will i trade when market opens tom
CAD/JPY Short and NZD/JPY ShortCAD/JPY Short
Minimum entry requirements:
• 1H impulse down below most recent low.
• If 3 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:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
FTSE100 - Breakout Alert 7,743Yesterday's close on the FTSE 100 was a really good indication that the 7,743 level will likely hold.
The index first breached above this level eight days ago and then quickly retraced below it. After trading below this level for a few days, we're back up above this level.
This signals buying pressure paused and has since resumed. Assuming this level holds on any further retracements, this will signal further trend potential.