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Globalchartsurfers

BTC USDBitcoin (BTC/USD) has witnessed a substantial influx of bullish momentum, resulting in healthy price movements. However, it's crucial to consider the technical perspective. We're approaching a critical juncture, as we venture into the territory where the most significant selling activity transpired during the previous all-time high to low trading zone. Trading against these formidable sellers is akin to driving straight into a hurricane while hoping for a favorable outcome. Given this challenging terrain, we've decided to exercise caution. We're refraining from opening new swing trades and are instead focusing on reaping profits from our previous month's purchases. Our strategy is to patiently await a potential bullish retracement into previous high-volume areas, allowing us to acquire positions at a more favorable price point. This is our current game plan, and we're eager to see how the market will unfold. Stay tuned as we navigate these volatile waters.
COINBASE:BTCUSDLong
by themarketknight
EUR USD ResultsThe range levels that were identified earlier in the morning have proven to be quite lucrative. At this point, we've already secured a 5% gain, and we currently have three active positions that are evolving favorably, potentially heading toward 4-hour liquidity zones. It's been a successful day so far, and we're looking forward to further opportunities. It's always satisfying to see well-executed trades contributing to a profitable day. Keep up the good work, and let's continue to seize these opportunities like pros!
by themarketknight
EUR USD IdeaGood morning, fellow traders. Today, our focus is on the EUR/USD pair, and we find ourselves navigating the daily trading zone. Our strategy involves identifying and utilizing institutional high-volume levels, including those on the daily, weekly, and monthly timeframes, alongside the points of controls and Value areas. Our approach centers on quick in-and-out scalping within these established levels. We marry these levels with fresh structural data to pinpoint trade opportunities. The beauty of this setup is that it offers a multitude of trading opportunities for today and possibly tomorrow. In this current environment, we're operating within the confines of a monthly order block, and the market lacks a clear directional bias. Swing trading, in this context, carries lower probability, so we're focusing on short-term scalps. It's important to note that scalping demands an intensive amount of screen time and the ability to execute trades with precision, often in a matter of minutes or even seconds. The key takeaway is that we're prioritizing these quick, short-term trades, aiming for 1 to 3 trades with minimal holding time. Successful scalping is all about timing and swift execution. So, keep a keen eye on the market, and execute your trades swiftly. This is the way to navigate the market like a pro.
Long
by themarketknight
EUR USD LEVELSFor those of you who might be newcomers to the trading world, let's explore the concept of levels, specifically the high-volume fractals that we base our trading decisions on. This information could serve as an additional layer of insight to enhance your own technical analysis. It's important to emphasize that regardless of levels or volume, the structure of the market is paramount, and pattern formation is of the utmost significance. We're dealing with institutional levels, which include the .5, .100 levels on the weekly, daily, monthly, and yearly timeframes. These levels function as either support or resistance, or even transition points, depending on the broader market structure and the overall picture. The depth of this topic is substantial, and we can delve into it further in future discussions if there's interest from our audience. Feel free to let us know what kind of content you'd like to see from us. Additionally, we're considering the possibility of hosting live streams down the line. Just to give you some perspective, we've been actively involved in trading since 1999. Stay tuned for more valuable insights, and thank you for being a part of our trading community.
Short
by themarketknight
EUR USD IdeaGood morning, fellow traders! It appears that our attempts to breach the weekly and daily highs have been met with resistance, and we are currently retreating within the broader monthly market structure. Our daily selling strategy has faltered twice in the face of this resilient bullish momentum. While there may be untapped liquidity at lower levels, it's imperative that we adapt to the market's current behavior. As it stands, we are in a holding pattern, patiently awaiting reactions around the monthly order blocks. Yesterday, we managed to secure a scalp higher, which helped offset the losses incurred from our unsuccessful daily selling endeavors. Such is the nature of trading. The ability to stand strong and regain composure after facing setbacks is the cornerstone of success. We've swiftly moved past any emotional hurdles and are back on track. It's crucial that we remain attuned to the signals the charts are giving us, rather than attempting to force trades against the prevailing market conditions.
Short
by themarketknight
EUR USD Idea Good morning, traders in the Asia and London sessions! EUR/USD has opened with a bearish tone and is currently showing signs of an upward rally. However, it's worth noting that the price at 1.05649 didn't show significant upward movement during Friday's session, so it raises questions about the current bullish momentum. We're approaching this with caution as it involves unnecessary risk. In the bigger picture, we find ourselves in a range high, which doesn't favor long positions. At this moment, the bias for EUR/USD is bearish, but it's essential to consider the mixed signals present on the weekly and monthly charts. Our approach here is a level-to-level trading plan. We'll carefully evaluate the situation and see if we can capitalize on potential opportunities this week. Remember, patience is key, and sometimes the best trade is the one you don't make. Stay vigilant, fellow traders! Peace out, and let's approach this like seasoned financial Masterminds!
by themarketknight
EUR USD IdeaHello, Traders, Let's take a moment to recap our recent trade ideas. The data we've been observing is changing daily, and our initial suspicion that last week's high was a mere fakeout has led us to anticipate a continued downward trend. However, we took profits at that point, opting to watch and see how the situation unfolds. Now, as we delve deeper into the chart, a significant development emerges: the presence of a monthly Order Block. This block appears to be signaling a potential shift towards a bullish market sentiment. As a result, we've adopted a cautious approach, refraining from entering swing trades unless last week's high is breached once more. When that occurs, it could be the catalyst for an extremely bullish market sentiment, spanning across yearly, monthly, weekly, and daily timeframes. Keeping a watchful eye on the evolving data is crucial as we navigate the markets, as it may present golden opportunities for trading success.
Long
by themarketknight
1
DXY IndexFor today's daily chart update, The Dollar seems to be capitalizing on bullish movements, originating from discounted price levels. In contrast, the signals emanating from EUR/USD appear somewhat mixed, leaning toward a bearish bias, especially if the Dollar maintains its strength. It's worth highlighting that the Dollar's price action is exhibiting a clearer range than that of the EUR/USD pair. This clarity in the Dollar's movement allows for more confident analysis and decision-making in the current market landscape.
CAPITALCOM:DXYLong
by themarketknight
BTC USD IdeaGood morning Chart Surfers, In the world of Bitcoin/USD trading, we've witnessed a notable surge in trading volume that has brought us into a significant weekly order block. What's intriguing is that we've received a noticeable reaction from this order block, suggesting its importance. When you consider TPO chart volume data, which unfortunately isn't available here, and the monthly VWAP (indicated by the red line), it paints a rather bullish picture. However, despite these bullish signals, it's worth noting that the recent rally in Bitcoin has been quite substantial. As of today's data, caution is warranted. Should we see a retracement back to the 26,479 level, and if this level holds, there may be an opportunity to go long. But for now, it might be prudent to consider scalping moves, particularly when we encounter retracements of around 80%. In a market as dynamic and unpredictable as Bitcoin, a approach reminds us to weigh the data carefully and remain prepared for a variety of potential outcomes.
COINBASE:BTCUSD
by themarketknight
EUR USD IdeaGood morning, Over the weekend, the Dollar Index made an upward move, but it now appears to be reversing its course and heading lower. As for the EUR/USD pair, it seems to have opened in line with the previous Friday's balance, as observed on the TPO chart volume statistics. Our team, the Global Chart Surfers, has been holding short positions since last week. We're currently exercising caution and refraining from making hasty decisions. However, if I were to identify a potential trade opportunity, the 1.05323 level could be an interesting area to watch. If it experiences a retracement during the London session, a reaction from that point might present a discounted price to enter a short position. It's crucial to remain patient and observe how Monday's trading unfolds. The current chart analysis suggests a bearish outlook, and there appear to be numerous support levels further down to target. So, for now, exercising prudence and refraining from rushing into trades is advisable.
Short
by themarketknight
BTC USD IdeaGood morning, Weekend Money Makers! As we embark on another trading day, it's imperative to keep a keen eye on the charts. We've spotted a potential 4-hour decline forming within the Order Block. The question on everyone's mind: will we witness a market reaction? If the market responds as anticipated, I'll be making a short play, with a target set at the single prints around the 25,700 and 25,600 levels. Remember, in the world of day trading, securing profits is paramount. Bitcoin continues to be a captivating asset for day traders, offering substantial percentage swings. So, make sure you're paying yourself consistently and taking home those weekend gains. Stay vigilant and let's seize these opportunities, fellow traders!
BITSTAMP:BTCUSDShort
by themarketknight
EUR USD IdeaRegarding the EUR/USD pair, our swing trade attempt from the previous daily fractal high didn't succeed, and we observed a downward movement. Looking at the Fibonacci range, we find ourselves at the upper end of the range. We're in a bullish momentum unless there's a shift to the downside. Additionally, we've noticed a significant concentration of stops above our current price levels. It's essential to be aware of these levels, although we can never predict the exact targets of market makers. A logical approach might be to wait for a price decline before considering new trades. These are the technical insights for today. Let's see how the day unfolds.
Short
by themarketknight
DOLLAR IdeaGood morning, traders. Yesterday, we witnessed a push down in the dollar and an upward move in EUR/USD. We're still trading within a range, and we noticed the first sign of weakness in the dollar index as it failed to make a lower low. Today, we have news releases that can influence the dollar, so exercise caution when trading dollar pairs. We're patiently waiting for a swing trade opportunity on EUR/USD, but first, we need to see the dollar break through levels around 105.500. Once that happens, we'll actively look for swing trades on EUR/USD. Stay patient, my friends. There's no need to take unnecessary risks. The market offers plenty of opportunities. Happy trading!
CAPITALCOM:DXYLong
by themarketknight
BTC USD PairWith the BTC/USD pair, we've entered a mid-range area. Our TP1 (take profit level) is here, primarily to secure a small profit. Currently, our bias is short-term bullish. However, we're anticipating two substantial bearish consolidations in the near future. If we observe a robust market reaction, we'll close our long positions and let the market provide new visual cues for its next direction. We prefer to wait for confirmation and take half of the profit rather than blindly selling everything we see. It's crucial to pay attention to the charts. In this mid-range price area, which is a zone of intense price battles, it's essential to highlight that this is also one of the riskiest areas for trading. Consequently, stop-loss orders need to be set at significant levels to manage risk effectively.
COINBASE:BTCUSDLong
by themarketknight
EUR USD IdeaGood morning, fellow traders! The recent bullish run of the Dollar has been rather straightforward. However, now we find ourselves in a state of insufficiency, and we've decided to take partial profits on the EUR/USD pair. Our outlook for the week ahead is quite straightforward. Our entries will consist mainly of scalps with durations up to 15 minutes. Today, we have a bearish bias on the EU pair. We're closely monitoring the 1.06000 Daily Fractal, which appears to be the main structural high. Our swing stop is positioned just behind it, allowing for a bit of extra room to account for any news-related spikes. At this moment, we've also entered a scalp trade short, securing a 3% profit. The idea for this entry stemmed from Friday's price action and the classic "weekend gap fill and go" scenario. We'll be watching closely to see how market makers manipulate the price. Our key advice for the week: stay positive, avoid greed when setting stop sizes, and trade stress-free with a logical approach. It's essential to learn from past experiences, especially those weeks when we encountered a few too many stop losses. Let's maintain a clear mindset and ensure that our trades are well-grounded in logic and strategy. Weekly bias for us is the key level to watch out 1.02000 area. This level often serves as a significant psychological and technical point.
Short
by themarketknight
EUR USD IdeaWe are currently observing the US Dollar trading in a sideways pattern, situated just behind the daily supply and demand zones. This situation has resulted in the accumulation of a significant number of stop-loss orders on both the sell and buy sides. Additionally, there are fundamental drivers expected to impact the Dollar later this week. Given this scenario, it's crucial for us to carefully evaluate our trading strategy. We need to determine the most logical approach to trade the EUR/USD lower and the Dollar higher. Up to this point, we have refrained from initiating a short position, as we missed the opportunity to enter at the supply zone last week. However, if we witness the market triggering the yellow stops on the chart and subsequently targeting the white liquidity zones on the chart, it could strongly suggest institutional involvement. Let's continue to closely monitor the market to see how this situation develops.
Short
by themarketknight
1
EUR USD ideaGood day, fellow Global Chart Surfers. Let's dive right in. The dollar's volatility came to life with bullish fundamental news yesterday, leading to some extremely profitable scalps in EUR/USD. The game plan is to look for retracement during the London session and anticipate a significant move during the New York session today. The weekly lows in EUR/USD seem to be out of the picture, and we've identified high liquidity levels that could serve as extreme stop-loss zones, which the market may target next. Let's keep an eye out for how the retracement unfolds, and here's to successful trading. Peace out!
Short
by themarketknight
3
BTC USD ideaToday's CPI news is keeping the dollar in consolidation mode. However, when we look at the weekly BTC chart, we can visually see that this week's volume is closing significantly higher than last week. This indicates that there's a short-term bullish order flow in play. The big question is how far this momentum will take us, but it's crucial to remember that we've built a significant amount of liquidity below us. Currently, the key level to watch is around 24,900. Keeping a close eye on this level is essential. If the bullish momentum continues, the next strong level to consider on the upside is around 29,000. So, let's stay vigilant and see how the situation unfolds.
COINBASE:BTCUSDLong
by themarketknight
BTC USD ideaWhen we consider August and its typical volatility, we've seen some unusual corrections in recent years, along with unexpected spikes in volatility. The dollar still has some upper levels to reach before a potential decline. So, if we keep that in mind and the dollar tests higher levels, it logically suggests that BTC/USD could trend lower. Let's keep a close eye on how the dollar behaves in the upcoming weeks. Here at Global Chart Surfers, we've faced a few more losses than expected, but our strong money management keeps us ahead of the game. We hope you all have tight money management practices too, and together, we'll keep navigating the market with the big players. In the grand scheme of things, we have the global supply and demand ranges to work with. Let's stay grounded, stay professional, and keep beating the market! 💼📈🌐
COINBASE:BTCUSDShort
by themarketknight