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US30: Sell if this happensWe are currently trading at a pre defined sell zone. There have been opportunities to catch quick moves and I think if we are to see a bigger move down then price action will respect this zone. You can place a runner at this zone at low risk that extends past the 1.272 or the 1.618. This may account for some market volatility. The trade I currently have marked takes a sell at the .786 and has the stop loss extending 150 pips just past the swing high. The 1st target is at the swing low at around 400 pips for a 1:3 Risk to reward ratio. I'm come to the sell bias using the same methods described in previous posts. With confluence on the lower timeframes I gain confidence in the area. Enough confidence to assume the risk my system has established. Levels of Development LLC is providing this material for this site and any other related sources (including newsletters, blog post, videos, social media and other communications) for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and may not represent specific trades or transactions that we have conducted. In fact, we may use examples that are different or the opposite of transactions we have conducted or positions we hold. All investing and trading in the securities market involves risk. Any decisions to place trades in the financial markets, including trading in stock or options or other financial instruments, is a personal decision that should only be made after thorough research, including a personal risk and financial assessment, and the engagement of professional assistance to the extend you believe necessary.
UShort
by LevelsArchitect
US30: Time to SellPrice action has finally reached our sell zone. FYI Price action extended to the 1.618 of the previous structure. Which is just above our previously established sell zone. I apologize, I attempted to post something on the 1 minute chart that showed a pullback area that was ideal before this down move. In any case though we are still in our zone for sells. You can set sell limits that extend just above the swing high just adjust your risk accordingly. I do want to point out that price action could simply be using this zone to establish a new support so PLEASE trade carefully and respect your risk management rules. If price starts to consolidate here be patient and only take sell positions at the top of the range, again with stop losses set above the swing high. Because I'm late to post the move, I'll leave it here for now :) Happy Trading.
UShort
by LevelsArchitect
GBPUSD - SHORTConsider the formation of South Impulse from Major Resistance Level. Sell on a false breakout! The target is Major Support Level. GBPUSD - SHORT ENTRY PRICE - 1.14700 SL - 1.16600 TP - 1.08400 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Short
by Profit_Trader
DXY about to rekt crypto? Strong downwards move after US CPI came out - which looks good and people are now expecting FED to pivot into more dovish stance. But is that really going to happen in short term? We had a very nasty downfall in crypto markets yesterday with the whole FTX fiasco and the fear in markets is expected after that. Plus Solana unlocking 5M worth of SOL which was another catalyst for this big bang. Now we had a very nice recovery, which might be interpreted as break-down and honestly DXY could continue to dump. Still, there is a good chance that market-makers are not done with scooping up liquidity from very bullish long traders. There is still money on the table to be taken. Let's see if this plays out according to my plan.
TVC:DXY
by AtomicStag2000
EURJPY – SHORTThe possibility of selling from the Major Resistance Level and Supply Zone. Sell on a false breakout! The target is POC level in Demand Zone. EURJPY – SHORT ENTRY PRICE - 146.550 SL - 148.000 TP - 142.200 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Short
by Profit_Trader
1
US30: Potential Sell ZoneMy first post. Lately I've been trying to nail down my strategy into something that I can act on consistently. Teaching or Sharing thoughts lead to a deeper understanding of the content so I would love to hear anything constructive from you market wizards. I've identified two structures here. #1: The Highest Swing High to the Lowest Swing Low. #2: The most recent Swing High to Lowest Swing Low, based on where price is currently on the Daily chart. Using these four data points, I then use Fibonacci to chart what I believe to be significant market levels (below): #1: The .618 Retracement of the largest structure #2: The .886 Retracement of the smaller structure #3: The 1.272 Extension of a smaller structure I look for a cluster of fibs that may also line up with support/resistance, break and retests. The more points of confluence the better. The clusters signal areas of interest. (Set an Alert) Once price reaches this area, Analysis can be done on smaller time frames for precise entries. I'm still nailing down my trading style and risk management profile. I don't like to throw arbitrary shorts and longs on charts that don't have some solid logic behind them. I typically have tight stops, which means I get stopped out a lot. (Whatever its apart of the game.) I'm still climbing the mountain of trading discipline and resisting the urge to take random trades, revenge trade, move stops, and the more. I'm a believer in trading psychology and every trader having a unique place in the market. If we as traders are operating outside of our place in the market due to inconsistent trading habits, lack of self-control, or a poor understanding of what it is to be our own versions of successful, then we will likely struggle until something clicks. I'm excited to be more involved on the Tradingview platform.
UShort
by LevelsArchitect
4
BIRLA CORP ANALYSIS!!i have determined the trend and great levels for buying and selling the stock. its a bit volatile market for this stock, but one can earn if he/she has a proper determined plan to trade such type of stocks. ANALYSIS: 1. BLACK LINES are the different chart pattern trends. 2. BLUE LINES are the good levels to buy/sell the stock 3. PURPLE LINE is for the shorter swing trade, saying stock trading rs.909 is good to buy till 1160. if breaches, then all the way too 630. 4. ARROW MARKS & THE CIRCLES: everytime the stock broke the 970 level, it gave a very good upside movement, a level to watch out for.
NSE:BIRLACORPNLong
by raghavchoudhary2016
4hr analysisLast week, I showed the possible double bottom that former on the 4hour chart, market typically moves in 3levels, on the 28th September, we had the second leg of the double bottom, price pushed up since then. Sometimes after a 3 level push, interday trading, we either have a reversal, or a continuation. On the smaller time frames, we have gone up 3 levels from September 28, price then came back down for a retest on the 4hr chart, which was a fake reversal on the smaller time frames, if you see last week, I mentioned a possible double top for a reversal, this drop lasted 1 session, and continued up on the 12 October. This began a new 3 level phase on the smaller time frames. But when we look at the 4hr chart, the bigger picture is showing that we are only at the end of the second leg of the swing/long term trade. So with this being said, I am still expecting buys, and have jumped into another buy from 168.260 after I had a retest on my support on the 1hr time frame. So for now I will swing this buy until tomorrow or whenever price give a reversal pattern on the higher time frame
Long
by faddy
NIFTY 50 for tomorrow - 19 October 2022Nifty opened above the resistance zone , as we discussed in yesterday's post. We saw a good move in the first hour forming a bull candle. Then prices just consolidated within the range of the first-hour candle, the entire rest of the trading session. Expectation for tomorrow - Might open flat or gap up - Move towards 17530 - 17560 - if opens gap up above 17530, the price would move fast towards 17630- 17650 Immediate support 17400- 17420 Today's closing 17490
NSE:NIFTY
by manuagarwal21
INFO EDGE(NAUKRI.COM), PATH!! BREAKOUT!!i am waiting to trade on a good breakout, on the 1st week of November. Naukri, is a good stock. PLEASE do have a good look at the colours. 1. the two dark black lines are the actual target what i am aiming for. 2. the dark purple line is the resistance which is tested multiple times. 3. minor blue lines are the levels, where one should look at buying for dips, or buying for averaging out(if stock is in short run). MOVING AVERAGES ARE JUST FOR REFERENCES, FOR A SMALL LOOK AT IT! ITS NOT SAYING MUCH FIBONNACI RETRACEMENT LEVEL OF 0.618, GREAT SUPPORT TO BUY.
NSE:NAUKRILong
by raghavchoudhary2016
NIFTY 50, LEVELS!!!this levels are based on the my analysis. when the makret consolidates meaning comes in a range after some big move, a great support and resistance lines can be formed. levels can also be formed, where and which level did market respect based on opening and closing time. market giving respect meaning both buyers and sellers had agreed to that level. i will soon post the patterns, and those trend lines formed by nifty. so stay connected!! i have not drawn levels from 16828 till bottom. BECAUSE I DONT BELIEVE MARKETS WILL GO DOWN, this analysis is been posted and you can check in the link sections
NSE:NIFTYLong
by raghavchoudhary2016
ASO Playing a Bounce off SupportAcademy Spots & Outdoors, a wonderful long time company that has been around years, and more recently on the market is fundamentally bringing in more gross revenue and profits every quarter. Fundamentally, this company is an A+ and is coming in with a 5.5 P/E Ratio. Technicals Wise, we are seeing ASO bounce off a very strong Triple Support Level. This is a super strong piece of support, and is seeing lots of buyers coming in to ASO at this Level. ASO has also been in a bullish wedge formation, and is attempting a break up here off this bounce. Retail has been sold off entirely through the past few months, and is starting to shape a reversal. Ways to play : Shares Apr. 14 $40c or $45c Many other ways too. I strongly believe this is a great LT and or Swing entry to ASO.
NASDAQ:ASOLong
by ZachSap