EURUSD A SELL BEFORE THE BUYEURUSD - Direction is still for the Bullish Side. From timeframes Weekly, Daily and 4h.
analysis is there are multiple Short Opportunities that had been provided early in this daily session, my hunch is that market is building up liquidity to take later on London or the US Sessions.
so in order to take Longs in this key level (1.10450 - 1.09623) the market must first print a 5min break of structure to the upside in order to execute for the trade once confirmed. tight stoploss is needed because of what i said in the previous Idea I published it may go below the key level 1.09623-617 down below and it may happen it the do so.
so in order to grab the opportunities for longs 5min break of structure is needed.
minimum targets 20-30pips and hold or 10pips BE
for shorts as long as we are on this 15min range / 15min pullback heading downside, we must execute all shorts after a 5min break of structure to the downside and once confirmed. sl is tight because market is still bullish in the pullback 15min phase it may continue to go long as it can sustain its 5min breaks. minimum target 20 - 30 pips and 10pips BE
current price - 1.09970
Marketstructure
IOL Chemicals & Pharmaceuticals Ltd IOL Chemicals & Pharmaceuticals Ltd is a leading pharmaceutical (APIs) company and is a significant player in the specialty chemicals space. It serves the domestic and export market. It is the largest player of Ibuprofen (pain killer) globally with a worldwide market share of 35%.
Firstly, let's start with the concept of Elliott Wave Theory. This theory is a method of technical analysis that attempts to identify recurring patterns in the stock market, based on the idea that stock prices move in waves. There are five waves in an uptrend and three waves in a downtrend, and these waves are labeled 1, 2, 3, 4, and 5 for an uptrend, and A, B, and C for a downtrend. The wave 2 that is being referred to in this statement is part of a larger uptrend, and typically represents a pullback or correction in the stock price, following an initial upward movement in wave 1.
When a stock has completed its retracement of wave 2, it is believed to be ready for a new upward movement in wave 3. Wave 3 is typically the strongest and longest wave in an uptrend, and often sees the largest price gains for investors. It is important to note that while Elliott Wave Theory is a popular tool used by technical analysts, it is not foolproof and cannot predict the future movements of a stock with absolute certainty.
It appears that the chemical sector is expected to experience a bullish trend in the near future. This may be due to a variety of factors, such as positive earnings reports from key companies in the sector, or increased demand for chemical products due to economic growth or other industry-specific factors. However, it's important to note that predicting sector performance can be difficult, and investors should always conduct thorough research and analysis before making investment decisions.
This seems from the chart that the stock has completed its retracement of wave 2 and will go in wave 3 now...! This chart is dedicated for investor community. It seems now the sector of chemical will be on focus. Additionally, the chart suggests that the chemical sector is expected to perform well in the near future. However, as with all investment decisions, it's important for investors to conduct their own research and analysis before making any decisions.
Thank you for following me...!
For Alt coins, Down trend has not finished yet.we ca see the value of total 3 still struggling in a flat channel and its is under declining trend line, by the fact that the BTC dominance is so high, if BTC starts a corrective wave it can affects dramatically on alts. so be cautious about your trade and the size of your account and leverage.
Ten Trading Lessons by the Terminator - The Judgment Day is NearNow listen to me very carefully, folks! I’ve got some important intel on our new mission, and it’s in the financial markets. Yeah, you heard me right, we’re diving headfirst into the world of finance. Buckle up, buttercups, because this is gonna be a bumpy ride.
Now, there are ten crucial mission parameters to keep in mind when it comes to finance, and I need you all to pay attention. These aren’t your average market moves, so we need to be on high alert.
- First off, the markets are turbulent. That means it’s a wild ride, and those textbook curves and lines don’t mean squat here. We’re talking extreme price swings, so buckle up. Forget the boring fictional "ideas" of traders who never actually traded - this is a whole different ballgame.
- Secondly, these markets are way riskier than you could ever imagine. You'll be taking on more risk than a cat burglar with a death wish. And don't forget, trouble comes in streaks and turbulence tends to cluster, so be on high alrert and ready for anything.
- Timing is everything in these markets, folks. Big gains and losses happen in a flash, so you better be prepared for intense action.
- Prices in these markets often leap, not glide. You can forget about predictability, because time is as flexible as a T-1000. It’s impossible to know what you’re in for. I repeat, prices don't just slide around smoothly like a greased-up ice skater. Nope, they often leap around like a kangaroo on crack. That means they're unpredictable and risky as all get out.
- Don’t expect your past experience or information from other markets to be of any use here. These markets are like Skynet, they work in all places and ages alike.
- Uncertainty is the name of the game in these markets, and bubbles are inevitable. You’ll need to navigate through these bubbles and be ready for anything.
- Markets have a personality of their own, troops. They’re not driven solely by real-world events, news, or people. When investors, speculators, industrialists, and bankers come together, a whole new dynamic emerges, and it’s more powerful and different than the sum of its parts.
- Don’t be fooled by patterns, they’re like the fool’s gold of financial markets. The power of chance can create spurious patterns and pseudo-cycles that appear predictable and bankable. But don’t be fooled, bubbles and crashes are a part of these markets.
- Forecasting prices might be perilous, but you can estimate the odds of future volatility. These markets are turbulent, deceptive, and prone to bubbles and false trends, but evaluating risk or profiting from it is another matter entirely.
- And finally, the idea of “value” has limited value in these markets. Value is just a single number that’s a rational, solvable function of information. But given a certain set of information about an asset, it might not be as valuable as you think.
Remember, troops, we’re in for a wild ride here. These markets mislead, and there are no familiar sine or cosine waves to rely on. But there’s a system to this madness, so keep your heads up. If the price changes start to cluster or the prices themselves start to rise, they have a slight tendency to keep doing so for a while – and then, without warning, they stop.
The future's not set in stone, my friends. There's no fate but what we make for ourselves. So let's navigate through the chaos and come out on top.
Alright, that’s all for now. Later, dickwads. And remember, chill out. We’ve got this.
XRP - Practical Price Action Example - OKXIDEASDear TradingView community and fellow traders,
I am Richard, also known as theSignalyst and here is my third OKX contest submission => OKXIDEAS
I find the weekly chart for XRP to be interesting as it appears to be following the basic principles of price action and market structure.
1️⃣ First, let's examine the support and resistance levels. I've added red and blue arrows to the chart to make it easier to highlight the swings I considered while drawing these zones.
When drawing support and resistance levels, I look for at least three rejections (swing lows or highs), and as you can see, all of the support and resistance zones connect to three major swings.
2️⃣ Second, let's delve deeper into the market structure. Previously, XRP was bearish, making lower lows and lower highs while trading inside the bearish red channel.
However, after finding support around 0.3, the bears began to show weakness as they failed to create new lower lows, and instead became stuck in a range.
For the bulls to take over, we need a weekly candle close above 0.6. This would break XRP above the resistance in green and the gray range in which it has been trading for almost a year.
Meanwhile, we will be trading the range from a short-term perspective. This means that when XRP approaches the lower bound around 0.3, we will be looking for short-term buy setups, targeting the 0.5-0.6 resistance zone.
📚 Hope you find this post useful. It's important to always adhere to your trading plan, including entry points, risk management strategies, and trade management techniques.
All Strategies Are Good; If Managed Properly!
~Richard
Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.
1.1056 Weekly Level Says " Not Today " 🔊 EURUSDLondon Session -- London Volume pushed us hard back up to the Highs. Sellers caught as the Tide went out.
New York Session -- "Wait for me I want buys too"
London Close -- " Let's Buy I dont want to Miss out"
The "Breakout" was corrected shortly after as Buyers TP and Shorts Say " wait before we breakout we must come back down to earth" .
If we go up we are going to next weekly level at 1.145
If we go down this will be a triple top on the Daily Timeframe as this daily cnadle comes to a close and leaves a wick rejection failing to close above
yesterdays close as Shorts begin to get crowded as we prepare for a 1.095 retest once again. GDP will give us insight on where traders are setting up their positions to hold through Firdya's CPI data. Price is fooling around at the Highs of Structure. Shaking both sides.
USDCAD - K.I.S.S. 😁Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I find USDCAD chart interesting as it has been following the basic laws of market structure.
📚 So let's keep it simple => K.I.S.S. Keep it simple, samurai ;)
📈 First the bulls took over by breaking above the previous major high in gray, and USDCAD started to make higher highs and higher lows.
📉 Then the bears took over by breaking below the last major low, followed by lower lows and lower highs.
📈 Last week, the bulls took over again and USDCAD has been bullish ever since.
📉 Now for the bears to take over, we need a break below the last current major low highlighted in gray.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBP/USD INTRADAY LONG3 Main AIO corresponding to valid order blocks
1- Supply that formed before big push to the downside creating a Choch on 1h TF, although maing swing low was not broken. bullish bias for higher timeframes
2- Principal Area of interest with order placed with appropriate risk management, has it the last demand formed before new high is formed on the 1h in confluence with demand sitting at 0.705 fib level of the structural move. In confluence with the POC of volume profile correspondent to the beggining until start of today london session.
3- Demand just below sitting on 0.786 fib level of structural move where if price reaches the area I will look for LTF confirmations to place order
There is a significant increase in the volume traded per session as the week develops. last major volume, made price range after creating a new high. Although the build up in volume is aided of price oscillating to the upside. I take that as volume that intends to break structure meaning creating a new swing high.
For the reasons above i am bullish for today.
Matic 🛤️ Break + Retest 1.0069?Looks Like we can continue the Bearish momentum here back down to yesterday's low at .9792 and beyond to our next daily level at .9755.
Matic Polygon did a faekout yesterday above 1.0227. It returned back into the range, then to the bottom of the range then did a break and retest of the daily level on the 30m TF. Left a very large wick rejection and off we go onto the next zone at .9755. We have bounced but I can observe a retest of the low with momntum left over from earlier.
Aud/usd 50 Pip sell setup!!So basically we can see price action is on downward trend from weekly to daily timeframe,
--> its respecting the upper bound of the channel and midlevel of the resistance liquidity level,
--> Price broke out of the Neckline of double top of the respected Fib level we could see a continuation to downside
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EURAUD I What to consider before shorting key resistanceWelcome back! Let me know your thoughts in the comments!
** EURAUD Analysis - Listen to video!
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Supply and Demand 101 📚 OKXIDEAS📌 1- Introduction
To understand trading supply and demand, let's consider a simplified example. Imagine I typically purchase a specific brand of rice for $ 5 per bag. However, one day, while shopping, I discover that the price of this rice bag has increased to $ 7.
While I could afford the extra $ 2, I'm accustomed to paying $ 5 and prefer not to pay more if possible. So, I begin to search for an alternative brand of rice that costs $ 5. This behavior is common among consumers, and many others would likely do the same thing in this situation.
As time passes, the rice company notices that sales are decreasing, prompting them to reduce prices to move their inventory. Eventually, the bag of rice is back to HKEX:5 , and consumers begin purchasing it again.
In this example, HKEX:5 represents demand. The same principle applies to supply and is relevant in trading, where instruments such as BTC, APPL, USD are involved.
📌 2- Supply and Demand
Supply and demand is a trading and price action concept that analyses how financial markets move and how buyers and sellers drive the price.
On every price chart, there are certain price points where you can observe a sudden shift between the buyers and the sellers.
Those areas are usually characterized by strong and immediate turning points, or an explosive breakout. We as traders call those areas supply and demand zones.
The fundamental concept is to identify points on a chart where the price has experienced a significant increase or decrease. A demand zone is marked when the price experiences a strong advance, and a supply zone is marked when the market has undergone a sharp decline. This principle is based on the mass psychology behind supply and demand, as exemplified by the bag of rice analogy.
For instance, a trader may observe a significant bullish candle, but they may have missed out on the big move, causing them distress. Consequently, they are unlikely to buy now, believing the price is too high. Instead, they may wait for the price to retest the area where the aggressive upward movement began to identify buying opportunities where they perceive the price to be reasonable.
As a result, this area becomes a demand zone as many traders are awaiting its retest to purchase.
📌 3- There are four key areas of interest on the charts to look for:
The drop base rally, or ‘DBR’.
The rally base drop, or ‘RBD’.
The rally base rally, or ‘RBR’.
The drop base drop, or ‘DBD’.
A 'DBR' demand zone is typically indicative of a market bottom. Initially, the price is trending downwards until it begins to bottom out or base, then reverses its course to the upside.
Similarly, an 'RBD' supply zone is formed in the same way as the 'DBR' formation, but instead of a market bottom, this pattern creates a market top before reversing to the downside.
A 'RBR' demand zone typically emerges during an uptrend. The price starts with an upward movement, followed by a consolidation phase or base, and finally, a continuation move to the upside.
On the other hand, a 'DBD' supply zone is essentially the same formation as a 'RBR' area but occurs within a downtrend. The price begins with a decline, enters into a consolidation phase, and is followed by a continuation move to the downside.
Identifying these demand and supply zones can help traders in determining potential trading opportunities.
Now that we have a basic idea of what to look for, here’s how the noted zones above look on a live chart. OKX:ETHUSDT OKXIDEAS
📌 4- Characteristics Of a Strong Zone
a- Momentum from the zone
OKX:OKBUSDT OKXIDEAS
One of the fundamental rules to trading supply and demand is “The stronger the move away from a zone the higher the chance the market has of having a strong move away when it eventually returns”
b- Time Spent Away From Zone
OKX:OKBUSDT OKXIDEAS
It doesn't seem logical that an old zone still contains orders to buy or sell within it. Let's consider a supply zone that is four years old and the market has not returned to it yet. Is it plausible that traders still have a pending order to sell around it?
The strength of a supply or demand zone is defined by the amount of time the market has spent away from it. The more quickly the market returns to a supply or demand zone, the higher the probability of a successful trade.
Usually, older zones do not work out frequently. Therefore, it is better to concentrate only on the recently created zones.
In the above example, the last demand zone is still fresh, the more time passes, the weaker it becomes.
📌 5- Difference Between Supply & Demand and Support & Resistance
OKX:XRPUSDT OKXIDEAS
The concept of support and resistance is based on the idea that a line or area that has been tested multiple times in the past and prevented the price from moving beyond it is considered significant.
On the other hand, when it comes to supply and demand, we are interested in finding areas with a strong, recent, and untested movement, rather than areas that have been repeatedly tested and held strong.
Sometimes, just like the above XRP example, it happens that we have got a demand zone (blue) around a support zone (red) but it doesn't mean that they are the same.
📌 6- How to trade Supply and Demand
There are plenty of methods one can use to enhance the probability of a zone holding firm. Each individual is different and will, therefore, rarely look at the charts the same way.
Some traders, like myself, prefer to confirm these zones using other technical tools, while others prefer to simply trade the zones naked.
OKX:XRPUSDT OKXIDEAS
As per my trading style, I only locate supply/demand zones on higher timeframes. And as price approaches the supply/demand, I zoom in to lower timeframes to look for sell/buy setups for extra confirmation.
7- Conclusion
Traders, especially amateurs, are usually fascinated by supply and demand because they want to catch the exact price tops or bottoms. However, supply and demand is not foolproof and definitely not the Holy Grail.
Supply and demand zones are not a stand-alone strategy but act as extra confluence for an existing potential setup.
Remember:
Higher-timeframe areas are more reliable.
Trading the first time back to a zone is the highest probability trading setup.
I have shared my personal thoughts about Supply and Demand, however it is your job as a trader to find what works for you.
Let me know if you find this post useful, and what which topic would you like me to cover next 🙏
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard
Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. It is important to do your own research and make informed decisions before entering any trades. Past performance is not indicative of future results. Always be aware of the potential for losses, and never risk more than you can afford to lose.