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FINNIFTY FUTURES - 240MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:FINNIFTY1!Short
by Tradelikemee
CORN rises off a pivot LONGCORN, the ETF tracking spot corn and corn futures has ended its down trend on the 15 minute chart. The pivot is not a surprise given the issues related to wheat in the Black Sea shipping with the Ukraine war escalating onto the sea and the grain export deal falling apart. The Price Momentum Oscillator which might be considered a leading indicator is showing bullish divergence.Volatility is steady and without spikes. The bias here is for bullish momentum to more forward with increasing amplitude given the fundamental geopolitical context. I will buy CORN long and may enter a position on the futures markets.
AMEX:CORNLong
by AwesomeAvani
1
8/4: Daily Recap, Outlook, and Trading PlanRecap As we've moved into August, we've seen a shift in the “character” of ES, with volatility returning and large, bi-directional swings in the market. Despite this, it's important to note that August is not a “bearish month” but rather a seasonally neutral month, with a +0.1% average over the last 20 years. The focus for this month will be on tactical, unbiased level to level day traders. Markets Overnight 🌏 Asia: Up 🌍 Europe: Down a bit 🌎 US Index Futures: Up a bit 🛢 Crude Oil: Up a bit 💵 Dollar: Down 🧐 Yields: Down 🔮 Crypto: Up slightly World Headlines Bond market showing early sign of stabilizing. Key Structures The core pattern containing the entire consolidation since the July 19th high was a broadening formation, which broke down on Wednesday. This pattern suggests that bears control below and bulls control above. Other key structures include the rising support trendline of the purple ascending triangle and the large rising uptrend channel in white. Support Levels Key support levels include 4525, 4517, 4509, 4493, 4487, 4476, 4464, 4448, 4441, 4428, 4411, 4395-4400, 4382, and 4376. Resistance Levels Resistance levels to watch are 4534, 4542, 4550-53, 4560, 4565, 4577-80, 4583, 4592, 4599, 4607-09, 4618, 4623, 4630, 4639, 4650, 4661, and 4671. Trading Plan For today, the short-term bull case depends on the 4509 level continuing to hold. The bear case begins if the 4509 level fails. As always, it's important to plan your zones of engagement in advance, wait for entry setup, take a level to level piece, then reset bias from scratch, and get to the sidelines. Wrap Up With the return of volatility, August is shaping up to be an interesting month for traders. Key levels and structures have been identified for both bull and bear scenarios, and as always, the focus should be on tactical, unbiased level to level trading. With Apple earnings expected to introduce some volatility into the market, it will be important to stay reactive and flexible in your trading approach. Disclosure: This is not financial advice and is for informational purposes only. Please consult a professional financial advisor before making any investment decisions.
CME_MINI:ES1!
by spytradingpro
8/1: Daily Recap, Outlook, and Trading PlanRecap ES continues its characteristic bull market cycle of multi-day squeezes followed by wide rangebound consolidation under resistance, as it has done since July 19th. This pattern is expected to continue until a breakout occurs. Markets Overnight 🌏 Asia: Down a bit 🌍 Europe: Down 🌎 US Index Futures: Down 🛢 Crude Oil: Down 💵 Dollar: Up 🧐 Yields: Up strongly 🔮 Crypto: Down World Headlines Manufacturing data weak across China and Eurozone with Germany showing the steepest decline since the pandemic. Key Structures The triangle at 4609 remains the key structure, despite being somewhat "busted". This level has been tested six times in the last week and is proving to be a strong resistance. The ascending triangle at 4569-4571 is now support. The large rising uptrend channel connecting the March lows and the May lows is the primary medium term channel, with support currently at 4405 and resistance at 4650-55. Support Levels Supports are at 4608, 4602, 4594-92 (major), 4580, 4568-71 (major), 4556, 4549 (major), 4542, 4530 (major), 4515, 4500, 4488-92 (major), 4474, 4467, 4455-60 (major), 4442-45 (major). Resistance Levels Resistances are at 4608 (major), 4617, 4622 (major), 4631 (major), 4641, 4652-55 (major), 4664, 4670, 4681-84 (major), 4697, 4705 (major), 4714, 4722, 4740-45 (major), 4751, 4762 (major). Trading Plan The bull case is in play above 4592 and 4600, with a potential breakout to 4622 and then up to 4652-55. The bear case begins on the fail of 4592, with a potential short at 4589 for a move down the levels. If 4592 fails, it's time to short. Wrap Up ES continues to consolidate and build its base. As long as 4600 holds, with any spikes down to 4592 quickly bought, ES can continue to base for a push to 4622, then a final dip, then a breakout up the levels to 4631, then the 4655 magnet. If 4592 fails, it's time to short. Disclosure: This is not financial advice and is for informational purposes only. Please consult a professional financial advisor before making any investment decisions.
CME_MINI:ES1!
by spytradingpro
DCA bot and my experience with it!Hey there, fellow crypto enthusiasts! Welcome to my blog, where we break down the complex trading world into bite-sized knowledge nuggets. Today we're diving headfirst into the exciting strategy of Dollar Cost Averaging (DCA) and how it works with trading bots. Dollar Cost Averaging Demystified Alright, folks, let me break it down for ya. Dollar Cost Averaging (DCA) is an investment strategy that's all about taking it slow and steady. Instead of going all-in at once, DCA has you regularly buying a particular asset, like bitcoin, in small chunks over time. It's like sipping your favorite beverage gradually instead of chugging it down in one go. We want to savor those gains, people! Smooth Sailing through Market Turbulence Here's the kicker, my friends. DCA helps you ride out the crazy rollercoaster of price fluctuations. Picture this: Bitcoin's price takes a nosedive. Ouch, right? But fear not! With DCA, you're buying during the dip, baby! So when the price inevitably bounces back up, you'll sit pretty and reap the rewards. On the flip side, if the price skyrockets, well, you might have some losses when it takes a breather. But fear not again! Since you're investing small amounts regularly, you're not putting all your hard-earned cash at risk. It's like having a financial safety net during those market downswings. Sweet, isn't it? What figures and patterns do I recommend using? Firstly as a continuation pattern, I would like to search for a triangle, flags, and wedge. Also, you can catch the price squeeze and the volume spike to catch the volatility on it. For example, the last setup of that pattern was on $Matic. How I automated trading with the DCA strategy I try to be smart with my time, and after figuring out how DCA works, I regularly practice automation using this strategy. Here are my tips and personal configurations: so, if you want to trade with small leverage, 3x-6x will be enough for you. The maximum risk is 10x. Try to make simple trades, and think about trends at the beginning of your charts. And then you will start to win. Here are the results of trading with the DCA Futures bot As you can see, it's possible to make money with bots. However, it requires understanding of how they work and knowledge of coin analysis. The case is that you free up your time for other things. Also, note that my advice is not a call to action. Everyone is responsible for their own trading decisions. Questions: New trading strategies. Do I analyze myself with VSA indicators, like BOS? ( Break out structure) I often use wedge and triangle patterns with significant consolidations in my work. Once I identify these patterns, I wait for a push of the price increase resulting from the liquidity and then activate my trading bots. This way, I actively participate in the market and observe how my strategies perform. Are you interested in learning more about the settings you can use with the DCA BOT? I'll be happy to share that information with you next time. Hang tight for more mind-blowing posts where I uncover various investment strategies and financial wizardry to help you conquer your financial dreams. I wish you successful trades!
WEducation
by Ingwina
Higher upside or Bull trap?Yesterday we spoke about the Dollar weakness and how that will affect the equities markets. As expected due to the strength of a weak dollar 😉 NQ broke the Highs it had stablished on the Hourly timeframe a $15432.00. The one thing we spoke about and speculated we would see today did not become a reality. We were expecting once the highs were breached for price to retrace and possibly target Hourly Lows. We did get a nice retracement to $15342 and an unexpected bounce reaching to take out the newly created Hourly highs. What was I expecting you ask? Well it was a bit ambitious since I wanted to take out the highs and target the lows right away, LOL. But this can happen all depending on the Dollar strength or weakness for that matter. Momentum should carry price at least above $15507 with potential to target 15561 depending on PA (price action) ay considerable rejection at these levels I expect to see price return t $15359. Keep your eyes on the Dollar
CME_MINI:NQ1!Long
by JP_Tru
XAUUSD: Gold touches multi-week high!The XAU/USD daily chart indicates that it is holding onto small gains above a steady 20 Simple Moving Average (SMA), while a stable 100 SMA is positioned around 1,950. Additionally, the technical indicators are gradually rising and putting pressure on their midlines. Although it doesn't seem likely for another upward movement, it does reduce the chances of a decline in the near future. In the 4-hour chart, technical analysis shows that XAU/USD encountered selling pressure when it approached the bearish 200 Simple Moving Average (SMA), but it remains above the shorter moving averages. The 20 SMA is below the bearish 100 SMA, indicating that buyers are not particularly strong. Furthermore, the technical indicators are retreating from overbought levels, but they still remain in positive territory, suggesting that a significant decline is not imminent. Support levels: 1,924.35 1,910.05 1,898.10 Resistance levels: 1,945.20 1,958.75 1,967.90
FX:XAUUSDLong
by Sphyn-Trader
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