EURUSD strategy todayThe EURUSD lost momentum on Wednesday as concerns about the eurozone's economic outlook intensified. However, the intraday bias remains neutral and more consolidation is likely below 1.1008. A further rebound is expected as long as the 1.0722 support level is held. On the upside, a break above 1.1016 would resume the overall uptrend starting from 1.0450 and retest the high of 1.1274. If it breaks above the 200-week EMA then it could touch the 200-week EMA at 1.1150 before 1.1275. a move higher could turn the trend to bullish. However, any move below the 50-week and 100-week SMA would see it fall towards 1.0450, below which the psychological barrier of 1.0200 will be closely watched to prevent further decline.
In the near term, EURUSD could break below 1.0880 and 4-hour SMA 100 at 1.0870 to add to bearish pressure and shift bears' attention to level 1, 0825 to the December low of 1.0715. Should sell at a high level.
Intradaytrading
Banknifty Intraday levels for 8 Dec 2023
I am sharing crucial NSE:BANKNIFTY levels that serve as significant support and resistance points for intraday trading. To execute trades based on these levels, wait for a 15-minute candle closing above them. You can employ both breakout and reversal strategies in your trading approach.
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Identified through price action, major support and resistance levels are marked with lines as resistances and supports. If the price breaches a support or resistance, it is likely to move towards the next corresponding level.
Important Note: These levels are intended for intraday trading purposes only.
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Rinse and Repeat Simple Intraday Momentum Trading StrategyI illustrate my simple short term USA session strategy and also talk about the importance of the USA session when it comes to trend changes and daily bias changes
As always, these are the main steps:
Identify an intraday directional bias
Identify the key levels
Identify trade entry triggers
Manage the trade with attention to "Actual Risk"
Pre USA Setups I'm Looking at for Intraday Momentum ScalpsHey traders, a preview for how to apply my simple momentum scalping strategy to the USA session today.
As always, these are the main steps:
Identify an intraday directional bias
Identify the key levels
Identify trade entry triggers
Manage the trade with attention to "Actual Risk"
Weekly Momentum Scalping Strategy RECAP | Nov 27 - Dec 1Hey guys, join me for a refresher of last week's trading.
The goal of this video is to reaffirm our simple and effective US session scalping strategy with the following steps:
Identify an intraday directional bias
Identify the key levels
Identify trade entry triggers
Manage the trade with attention to "Actual Risk"
Additionally, how to avoid bad setups with the strategy
Thanks for watching
Intraday Momentum Scalping Strategy | Walk-Through | Dec 1It was a good Friday in the markets 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"
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"
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
** If you like the content then take a look at the profile to get more ideas and learning material **
** Any Comments and likes are greatly appreciated **
Market Review for Wednesday 15-11-23 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.
Trade Reversals Successfully - Key Price Action to look forIn the video I talk through the two trades namely trading continuation with Trend and then trading Countertrend Reversals. Both have their own price action points but are very different.
I review a continuation trade and the setups I look for when trading from level to level...but the main focus on the video is trading Reversals which can be very rewarding but also very difficult.
I like to stick to a few key points when looking for reversals, and they are :-
- Trade off an extension into a key level
- Trade off a higher low (for buys) or lower high (for sells)
- M pattern for entry confirmation or a minor lower high
In the video I explain the reasoning and how risk is managed.
** If you like the content then take a look at the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated **
Live Trades and Price Action setups explainedIn the video I review my trades on the DOW Jones Index for the session and talk through the setups, price action and reasoning for the trades. I also talk through the overall bias for the session and the missed opportunity from my sessions plan.
Feel free to join in our live trading room....link in the signature below.
** If you like the content then take a look at the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated **
Example of Winning Price Action from a Live Trading SessionPrepping a market and having a defined directional bias coming into a trading session, is the key for a winning day.
In the video I talk through a Live Trading session we had with our group and the reasons why we were bias short.
I talk through the areas our traders hit sell entries and Where and Why I was happy to enter the market short once my ideal Price Action setup gave me all the confirmation that I needed.
** If you like the content then take a look at the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated **
How to find Key Price Action zones for Daytrading successPrepping a market for daytrading is an important part of my process and understanding and identifying the KEY LEVELS is the major part of that process.
We have to build a Price Action picture of what may happen and what levels may be targeted so we will be ready for a trade. Understanding who (buyers or sellers) is getting caught off side and levels the market is targeting, will set us up for the higher probability trades.
I discuss a few key concepts for Intraday trading and how I identify the important zones. I show some trade examples and high probability trade zones.
** If you like the content then take a look at the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated **
Day Trading the Hang Seng IndexDay trading the Hang Seng Index...explanation of the two trades for the day and the price action that led to the setups.
I talk through my approach to Day trading and how I use the indicators along with how to Manage the Risk while in a trade.
** If you like the content then take a look at the profile to get more daily ideas and learning material **
** Comments and likes are greatly appreciated **
Nifty50 Intraday Levels TradePlan Analysis Aug 08Black Line zones - Resistances
R1 - 19617-19639
R2 - 19723-19795
R3 - 19805-19822
R4 - 19842-19876
Green line zones - Demand
S1 - 19593-19574
S2 - 19555-19510
S3 - 19595-19462
S4 - 19350-19295
Analysis:-
Nifty is in a process of forming a retracement , Lower High for the Downtrend formed. But if it moves strong above 19684-19733 which is the 78.6% to 88.6% retracement levels of the previous major swing, which also coincides with the Gap supply zone and out of the falling channel that has formed, then there are high probabilities that the market trend would change to uptrend.
Trade Plan:-
If the Market opens flat,
1) Would look for any rejection at the Trendline and initiate shorts till the demand levels such as today's day low, Friday's day low based on price action and setup confirmation.
2) Can also look for reversal trades at the demand zones marked post consolidation beyond 10:15 AM.
3) One can initiate longs if the trendline breakout happens post-consolidation beyond 60-75 minutes of market opening.
If the Market opens gap up,
1) Will look to short the market at the mentioned supply zones and run till the gap filling happens or till the Trendline support or the marked demand zones based on Technical setup confirmations.
2) One can initiate longs if the trendline breakout happens post-consolidation beyond 60-75 minutes of market opening.
3) Can go long once the gap filling is complete based on Technical setups.
If the Market opens gap down,
1) Will go short if today's or Friday's low is broken.
2) Will go long if gap is at demand levels marked with CONSOLIDATION and setup confirmation. Would look to run till Trendline/Gap resistances.
Happy trading! Please do comment for suggestions.
Please do check for Demand zones below 19200.