Entry
NAS100 29/10/23N1 giving us what we wanted to see from Wednesday, leaving us in the right position fort this week as we look to follow this pair short if the current range continues to give us strong bearish moves. after open we are watching our highs to see if we can catch this lower move before we hit our swing target.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
GBPUSD 29/10/23Starting things off with GU. heading out of last week we remained within a bearish range and held our trend nicely until our final session of the week, it was at this point we swept out our SWH showing us that we might have some possible for reversal, we are still within our range so wont be jumping the gun for longs until we get a clear entry.
iam watching these lows for a entry to show itself, if we get one then we will test our longs with low risk.
if we don't get our entry then we will look to follow the short move out of our swing low.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
AROC Entry, Volume, Target, Stop, ResistanceEntry: with price above 13.26
Volume: with volume greater than 1.1M
Target: 16.00 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 13.27 & target of 16.00, a stop at 12.36 gets you 3/1 Reward to Risk Ratio.
Resistance: Resistance @ 13.75 from July, 2018
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
TRADE ALERT - LONG SANDTraders,
Admittedly, I am making this trade partially because I am a little bored with this price action in the crypto space lately. But, SAND is oversold and it has been for a few weeks. I expect a pop anytime now.
Additionally, you can see we are still in a bullish descending triangle. Now, in a bull market, this would be highly bullish to exit. However, I have learned that an exit from these triangles rarely plays out the same way in a bear market. Therefore, I will be happy to simply touch that 50-day ma at around .37 cents. I will make that my target. Stop out will be .28 cents. And my entry was around .30 cents. We’ll see how this goes.
Best,
Stew
BITCOIN: Bullish Continuation & Long Signal
BITCOIN
- Classic bullish pattern
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long BITCOIN
Entry -30,220
Sl - 29,459
Tp - 31,630
Our Risk - 1%
Start protection of your profits from lower levels.
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DAX: Weak Market & Bearish Continuation
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell DAX.
Start protection of your profits from lower levels.
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TYPES OF MARKET ENTRY TECHNIQUESWhen it comes to looking at entries on zones. There are two types of entries that you can use both of their own pros and cons.
Risk /Aggressive/ SET 'n' FORGET entry
Confirmation /Conservative entry
RISK/AGGRESIVE/SET 'N' FORGET ENTRY
the risk entry is aggressive in this case your are placing your buyer limit order on a zone, looking for price to tap into it take you into the trade and continue in your overall trade direction, but it doesn’t provide as much confirmation it does allow for an aggressive entry and provides quick entry when you are not able to be on the screens or if confirmation is simply not available. you practically identify POI on the HTF and using the LTF to refine that POI, set a limit on the refined zone for your entry
An example would be using a H4 POI and filtering the point of interest down to a 15 minute setting a limit order on that 15 minute ZONE.
ADVANTAGE
it provides trades that will can give a high risk reward.
is best used when the point of interest in the overall trade idea is with the prevailing trend
is also best used when approaching a trade aggressively
it also is useful when price is correctly moving back to an overall point of interest.
DISADVANTAGE
you get minimal Confirmation for entry, so the chance of being stopped increased Overall.
CONFIRMATION /CONSERVATIVE ENTRY
confirmation entry provides a little bit more confirmation and little more conservative compared to the risk entry. Your entry poi is in the higher TF, you refined using the lower entry
You picked desired a point of interest, dropped down to a lower timeframe and wait for a break of structure in favor of that point of interest and enter off a newly created ZONE.
ADVANTAGE
it provides additional confirmation prior to taking an entry
you are seeing a change of structure or change of trend in favor of the trade prior to actually taking the trade
it also provide a higher risk reward as the point of interest is refined and execute using a LTF which allows u have a high risk reward.
is best used when the range between a higher time frame poi and lower TF refinement is quite large.
Is also best use when price is rapidly moving back to a point of interest.
it’s best to use when there are multiple point of interest to consider that way your truly waiting for the market to show its hand prior to taking an entry
DISADVANTAGE
you may miss trades that simply do not touch the newly created ZONE on the Lower timeframe
you might not get a break of structure that forms another zone u can enter
the trade might just touch the POI and continue moving.
***
POI: point of interest, where u plan to likely take the trade
HTF: Higher Time Frame
LTF: Lower Time Frame
NZDCHF: Local Long From Support!
Ladies and Gentlemen,
Here I present you a
Long from support on
NZDCHF pair which is
Justified by the combination
Of the uptrend and the
Retest and rebound from the
Key support level
(despite the downtrend
on the weekly TF)
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GOLD: Bearish Forecast & Outlook
It is essential that we apply multi-timeframe technical analysis and there is no better example of why that is the case than the current GOLD chart which, if analyzed properly, clearly points in the downward direction.
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