Intraday Momentum Scalping Strategy | Walk-Through | Nov. 30Sharing my daily overview of how to apply my SIMPLE intra-day momentum scalping strategy for beginners and advanced traders.
The instruments I'm trading are Gold, S&P500, EUR/USD, and GBP/JPY.
Everyday is the same process:
Identify an intraday directional bias
Identify the key levels
Identify trade entry triggers
Manage the trade with attention to "Actual Risk"
Daytrading
Day Trader’s Post Market Analysis - Nifty BankNifty-30th Nov ’23Below mentioned points are discussed in my post analysis video(Fast forward to 0:50 for Hindi Audio)
-No Trades in the morning
-Banknifty had some sell volume but did not trigger a trade
-Sold Nifty Future Around Vwap and was Wrong!
-How will i trade when market opens tom
CADCHF - Trend ContinuationThe Canadian dollar appears to be bearish against several pairs. The pair that I'm eyeing is the CADCHF.
Based on the latest range breakout, this is another swing trading momentum play. As long as price doesn't revert back into this range, I think further downside is very likely.
$BTCUSD Long to 40KThe current analysis of BTCUSD suggests a discernible momentum shift, indicating potential trading opportunities. Our proprietary indicator, Cristallu ( w.aritas.io ), reinforces this observation, recommending entry points at 37,700-37,800. This strategic entry is accompanied by a Take Profit (TP) target at 40,500 and a Stop Loss (SL) set at 0.23% of 37,800. It's essential to monitor the market closely for updates and adjust positions accordingly.
The context of the Bitcoin market is further enriched by insightful analysis on TradingView:
.As discussed in your analysis, the imminent introduction of Bitcoin Exchange-Traded Funds (ETFs) is a pivotal factor to consider. ETFs have the potential to significantly influence market sentiment, introducing both opportunities and risks.
The anticipation of Bitcoin ETFs underscores the importance of a nuanced approach to trading. While the market may experience heightened volatility and increased trading volumes, strategic entries and exits can be leveraged for optimal results. Your analysis on TradingView provides valuable context, emphasizing the need for caution and vigilance.
As we navigate the dynamic cryptocurrency landscape, it's crucial to stay attuned to market developments, incorporating both technical indicators like Cristallu and broader market trends such as the potential impact of ETFs. This comprehensive approach ensures a well-informed and adaptive trading strategy, aligning with the ever-evolving nature of the cryptocurrency market.
Day Trader’s Post Market Analysis - Nifty BankNifty-29th Nov ’23Below mentioned points are discussed in my post analysis video(Fast forward to 0:43 for Hindi Audio)
-No Trades in the morning
-No Volumes in nifty but Banknifty had some tower volumes after 10
-Desperate Buying and Quick Exit was my Nifty Trade!
-How will i trade when market opens tom
AUD/CAD LongAUD/CAD Short
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
Market Review for Wednesday 29-11-23 Trading OpportunitiesA look at the Market Sentiment and trading opportunities on offer for the session. Review of the price action we want to see prior to an entry Setup.
The only Trades which have been highlighted are ones coming off a level and showing promise.
Some Key Price Action concepts to know for Forex tradersIn the video I discuss some key price action concepts and how I use them for my Forex trading.
Knowing these key concepts helps me get on the right side of the market and in the right trading zones nice and early.
The basic concepts discussed are :
- Anchors to trend
- RTFs
- ICTs
- Spotting Reversals
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Day Trader’s Post Market Analysis - Nifty BankNifty-28th Nov ’23Below mentioned points are discussed in my post analysis video(Fast forward to 0:25 for Hindi Audio)
-No Trades in the morning
-Skipped the reversal in nifty after 2:30
-Nifty's Structure After Gap fill Did not show any Weakness
-How will i trade when market opens tom
NZD/USD Short, AUD/USD Short and GBP/USD ShortNZD/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/USD Short
• If price impulses down below our area of value, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/USD Short, AUD/USD Short and GBP/USD ShortNZD/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/USD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/USD Short
• If price impulses down below our area of value, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
1000PEPE 4h daily analysis1. Volume is showing POC
(point of control) and the price
is balancing in the range with strong
consolidation and indecision.
2. Currently we are in a range zone.
Taking swing low and swing high -
we are below 0.5 fib level, which
means we are in discounted area.
3. If price breaks POC and fib 0.5 and confirms above we can see a move to fib 1 price level. By this move
buy side liquidity wicks will be liquidated and potentially
we can see relatively equal highs.
4. If no big move you can look for long
at local fib swing at level of 0.618 where
4h imb either at 0.786 for stronger confirmation. In case support is broken, look for wicks to 1h imb below.
If price action is making strong move down, first stop might be 9089 level either below imb area with order block breaker of the move up.
EURSGD - Making a Complete 180Similar structure to the AUDSGD trade idea I just published, but I have a few more points to add here.
I was originally short this pair.
I attempted to make another attempt to enter short and ended up taking out a loss.
Since price broke to the upside of this range, my directional bias has changed from bearish to bullish.
Momentum picked up nearing last Friday's close and the moving average crossover is an indication of potential price acceleration for the week ahead.
AUDSGD - Upside Momentum Picking UpThe Singapore dollar appears to be weaker against several pairs. I believe the "cleanest" setup is on the AUDSGD pair, but this signal also exist on the EURSGD pair as well.
Price makes a new lower low.
Price fails to push to new lows, confirming that the previous low point holds up.
The third test and failure of forming a new lower low is a good indication that selling pressure has weakened.
Momentum to the upside picked up last Friday going into the weekend. In addition, I'm beginning to see a moving average formation, which is a further indication that momentum to the upside is picking up.
EURNZD - Downside Momentum PlayI see high probability to the downside for the week ahead. Here's a breakdown of the five key points I'm looking at.
Price tops out in late-August of 2023.
Price fails to push above previous highs, which serves as another indication that this range marks a relative high point for this pair.
Price re-enters this range, but sits lower than the previous high at #2.
Very repeatable pattern as price re-enter a lower range.
Watching the break and waiting for momentum to pick up to the downside as price is beginning to accelerate last Friday.
AUDUSD - Trend Formation?Early last week, traders started taking profit on US dollar long positions in anticipation of an end to rate hikes. The Federal Reserve shared a sentiment that there likely won't be any further rate hikes, but they will remain elevated depending on how inflation figures come out.
From a technicals perspective, I am beginning to see some major shifts happening. Over on the AUDUSD pair, there are two key points I'd like to point out.
Price breaches above a consolidation, which I mark in a style similar to the Darvas box system. Simultaneously, the moving average crossover is a further confirmation that price momentum is accelerating to the upside.
This pair closed off strong last Friday so I do anticipate seeing a smaller pullback on Sunday's open before a further rally to the upside.
Day Trader’s Post Market Analysis - Nifty BankNifty-24th Nov ’23Below mentioned points are discussed in my post analysis video(Fast forward to 0:55 for Hindi Audio)
-No Trades in the morning
-Did not want to buy Nifty, nor did I want to sell
-Banknifty was the reason i skipped selling nifty
-How will i trade when market opens on Tuesday
AVAX - watch this one ... for a Long Term HoldAVAX - watch this one ... for a Long Term Hold
Price Action ( PA ) has not had a candle close above 20.99 ( resistance )
until last week ( for about 441 days )
This is for ENTERTAINMENT purpose Only.
Not Financial Advise
Always DYOR ( do your own research )
Day Trader’s Post Market Analysis - Nifty BankNifty-23rd Nov ’23Below mentioned points are discussed in my post analysis video(Fast forward to 0:27 for Hindi Audio)
-No Trades in the morning
-No volumes in both Nifty & BankNifty
-If Nifty made a new low after 11, it could have been a buy after 1.
-How will i trade when market opens tom
GBP/CHF LongGBP/CHF Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.