S&P500: In a channel, choppy, and likely breaking downAs forecasted, it was a choppy day & likely going to continue tomorrow.
If you want to be trading, then it's better to time your entry at the nearest to the support level & take profits at the next resistance level, and same on the Sell side.
Take care & always trade within your risk!
Community ideas
Trade Recaps: USDJPY-LONG, AUDUSD-SHORT, 30/10/2024UJ Bias Analysis: Price corrected deeper into the 1H range discount, entering a 1H OB and confluent 1-sded FVG. The deeper retracement protracted lower at London open, sweeping Tuesday's low as it mitigated the KI areas before entry confirmation was received.
Grade: High Quality Valid
AU Bias Analysis: Price distributed higher aggressively at London open. This distribution was misinterpreted as a protraction which was sweeping 1H TBL, where it was actually shifting structure to the upside. Price traded higher into a 4H OB, where entry confirmation was received and a short position was executed. This was an invalid trade as the shift of structure to the upside violated my trade parameters which require the entry to be in alignment with the 1H range.
Grade: Invalid
What I did well or could've done better:
- Executed aggressively on the setups during my forecasting session despite a shorter day at work. Focus was good.
- Managed the trades according to the plan.
- Misread the distribution AU as a protraction, when it actually shifted 1H structure long which did not align with my trade parameters
- Took a trade that violated my plan as the UJ loss closed out today, which meant I only had 1 trade I could execute on instead of 2.
- I did not identify what would've lead me to be risk off on a setup and was only focusing on execution characteristics.
- I had a strong bias towards Dollar strength today, which led to marrying my bias and resulted in an invalid trade.
MOBILEYE ($MBLY) : BUY OR FOMO YOUR CHOICE! TICK TOCK!!!NASDAQ:MBLY BUY OR FOMO YOUR CHOICE!
In this video, we talk about:
1.) Why the stock is down 5%
2.) Why everything on the Technicals/ Fundamentals point to a STRONG BUY.
3.) My earnings prediction & fair value
Thanks for watching! I know it was a longer video, but I always want to be thorough. Especially with a name as polarized as this one.
Are you a BUYER, will you FOMO, or am I WRONG? Let me know in the comments.
YouTube:
@TheRonnieVShow
NFA
#BuyingOpportunity #BuyTheDip
ARE WE HEADED FOR ALL TIME HIGHS ? MY NEXT PLAYS Bitcoin has closed above a critical trendline. Why is this trendline significant? Because it has historically acted as strong support, repeatedly rebounding price. The question now is whether we'll see a retest before reaching all-time highs or if it will surge straight to new levels. Let’s watch how the price action unfolds.
For my next move, I’m looking for a retracement followed by a continuation setup.
For any of these plays, I want to see a flip in structure on the 10 - 15minute chart or higher before entering. Let’s be ready!
Make sure to follow for regular updates and insights! 🔔💡
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#500FOLLOWERS 🎉 #500GIVEAWAY 🎁
Review and plan for 31st October 2024Nifty future and banknifty future analysis and intraday plan in kannada.
Result analysis.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
GOOGL Strong Move Post-Earnings. My AnalysisHey, guys. Not going to go into too much detail on the description here. Just wanted to get my thoughts out there on NASDAQ:GOOGL . Certainly seems to have a strong long term trend here. As always, in long term trends, there could be various counter trend moves so always be prepared in that regard. Hopefully this offers some more insight for you as you think about NASDAQ:GOOGL from an investment perspective, or even a trading perspective. Even if you are looking for short term trades in GOOGL, I find it helpful to know how your trade might fit in to the longer term trend (whether to the downside or upside).
Hope you enjoy the review, and best of luck out there!
How to avoid babysitting a trade. So many people are reactive to the market and feel that they need to watch price action whilst they have an open trade open
The best way around this is to work with the correct entry and correct forecast on how long you should leave the trade open for, as well as at which point in the Gann Tool the price will stop at
Doing it this way also achieves the well sort after risk reward ratio's of 1:2 and 1:3
WHAT'S FLOWING: EURAUD | CADCHF | GBPAUD | BRENT | COPPER + MORETop Row Charts:
EUR/AUD (Top Left): Market is trending upwards, labeled as "LONG", possibly indicating a buy signal based on the trend or setup shown.
CAD/CHF (Top Middle): Seems to be range-bound with no distinct trend breakout, potentially in consolidation.
GBP/AUD (Top Right): Marked as "LONG", showing a bullish trend continuation.
Bottom Row Charts:
Brent Crude Oil (Bottom Left): Labeled as "SHORT", indicating potential bearish momentum or correction.
Copper (Bottom Middle): Another chart marked "SHORT", likely reflecting a downtrend or sell signal.
UK100 Index (Bottom Right): This chart also indicates "SHORT", suggesting possible weakness in the index.
DXY (Bottom Right): Labeled as "FLAT", indicating a lack of directional bias in the U.S. dollar index, showing indecisive or range-bound trading.
These charts seem to be using TPO (Time Price Opportunity) profiles and volume profiles, which help traders analyze price action around key levels, identifying areas of value or imbalance. You are likely monitoring multiple assets (forex pairs, commodities, indices) for potential trade setups, distinguishing between trending and consolidating markets.
SPY/QQQ Plan Your Trade Update : Shift Market Trends - BUCKLE UPThis update is to show you why I believe the markets have already started moving into the low-liquidity phase I have been suggesting for more than 3+ weeks. This low-liquidity phase will happen as we move closer to the US elections.
Simply put, traders are very anxious regarding the outcome of the election and the chaos that may happen after the election. Because of this, I believe many traders have already pulled capital away from the markets and are sitting on CASH.
This lack of market liquidity could present a very real risk of a FLASH-crash type of event.
So, BUCKLE UP.
Metals shifted downward (silver is leading almost all other markets with very clear patterns/setups).
BTCUSD appears to have peaked and is rolling downward.
The SPY is about to APEX into a new FLAG APEX - thus we should expect extreme volatility over the next 3+ hours of trading. Possibly leading to a strong downtrend near the end of trading today.
And, I believe all of this points to the lack of liquidity event taking shape. Moving the markets into a type of low liquidity PANIC mode (downward).
Play safe and Buckle Up!
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Why Nailing the Perfect Entry Won't Make You a Winning TraderWhen I first started trading, I spent an absurd amount of time obsessing over the “perfect entry.” I believed if I could just pinpoint the exact right moment to enter, my trades would take off like clockwork. I’d spot my pattern, line up my indicators, and wait for that split-second trigger. But as my journey evolved, I found that success in trading hinges far more on how you exit than on the entry itself.
Aggressive Entries: Simple and Straightforward
Let’s be clear—there is no “perfect entry,” no mythical timing trick that’ll guarantee success. Aggressive entries, for example, are straightforward: you spot the trigger candle, recognize the pattern, and take action at the close. That’s it. No endless analysis or hesitation, just decisive entry. This type of entry is powerful because it’s intentional, capturing the setup in real time rather than waiting for confirmation that could lead to a delayed entry.
While aggressive entries get you in at an ideal price, focusing on entry alone doesn’t cover the full picture of trade management. Without a plan for managing the trade after entry, you’re just hoping the market follows through—and hope is not a strategy.
Exits Matter More Than the Entry
Successful traders don’t just focus on getting in; they put more thought into getting out. If the goal is to grow and protect capital, then exits are the difference between locking in profit or watching it evaporate. After countless hours in the market, I learned that getting the exit right, or at least having a disciplined exit plan, is what shapes your profit curve.
For example, some traders aim for a certain percentage of profit or wait for the price to hit a key level. Others may use stop-loss strategies to protect gains by trailing the stop along the way. The exit strategy you choose is personal, but having one at all is non-negotiable. Think of it this way: without a solid exit plan, even a perfect entry is likely to unravel at some point.
Practical Tips for Developing a Strong Exit Strategy
Define Your Exit Before You Enter: Every trade should begin with a clearly defined exit plan. Before you even click “buy,” know exactly where you’ll exit for both a win and a loss. Setting realistic profit targets and stop losses not only protects you from over-trading but also keeps you focused on executing your plan.
Set Alerts and Automate: Using tools like TradingView’s alert feature is a lifesaver. Alerts allow you to step away from the charts without stressing over every price movement. Let’s be real—the market can be a hypnotic place, and constantly watching it can lead to impulsive decisions. Set your alerts and detach; you don’t need to be glued to your screen for every tick.
Use Incremental Exits: Instead of going all in or all out, consider taking partial profits at different stages of the move. For instance, you might exit half your position at a certain level and let the rest ride to maximize your gains. This approach allows you to capture profit while giving the remaining position room to potentially yield a larger win.
Review and Refine Your Exits: One of the best ways to improve your exit strategy is to backtest it. Use TradingView’s replay feature to “replay” past market conditions and test out various exit strategies. This is invaluable as it gives you a chance to fine-tune your approach based on actual data, not just theoretical setups.
Create Realistic Expectations: The reality of trading is that the market doesn’t always move according to plan. Stay flexible. Some trades might require a quick exit, while others might reward you for holding on. Don’t be afraid to adapt based on the conditions and price action unfolding in front of you.
Why Traders Fail Without an Exit Plan
For many traders, focusing solely on entries becomes a crutch. They mistakenly believe that if they just find the right entry, the trade will manage itself. But the market is unpredictable. Even the best entry can’t secure a win if the trader doesn’t know how to get out.
The hard truth is, obsessing over entries often masks a lack of strategy or confidence in the bigger picture. I’ve seen traders who hit excellent entries repeatedly, but without disciplined exits, they end up handing their profits back to the market. Don’t let your gains evaporate because you didn’t think about your way out.
Trading Success Is Built on Execution, Not Perfection
In the end, what separates successful traders from the rest isn’t a “perfect entry.” It’s a systematic approach to execution. The best traders don’t need flawless timing—they need consistency, discipline, and a clear plan that includes both entries and exits.
So, next time you’re studying a chart, ask yourself not just “Where would I enter?” but also, “Where and how would I exit?” It’s the exit, not the entry, that ultimately decides how much you keep—or give back—to the market.
So, how do you handle exits? Are you still chasing perfect entries, or have you found a balance? Share your strategy below—your insights might be just what another trader needs.
Massive Live UpdateBitcoin Breaks Out 🚀 - Altcoins Ready to Shine? 🌟
Hi everyone! It’s time for a market check-in, starting with Bitcoin’s massive breakout that’s captured all eyes. With my last five ideas centering around Bitcoin, we’ve now hit that sixth attempt I mentioned. And the target? We’re looking at $79,000! 📈 The new supports stand strong at $72,051 and $71,800, critical zones to watch as we aim higher.
With Bitcoin dominance nearing a major resistance level, altcoins may finally have their moment. As dominance hovers close to 58%, we could see money shifting to alts—a positive scenario for those watching Ethereum and other key coins! 🌐
ETHEREUM TIME?
Ethereum BTC is showing early signs of strength, and I’m targeting a 53% potential rise. While Bitcoin has had its breakout, Ethereum looks set to make waves. Keep your eyes on $2,800 for ETH as we could see an even bigger breakout in the works. Should it hold, we’re talking levels reaching up to $3,649 and beyond.
I’ll be posting all these charts independently on TradingView for a closer look. Give a like if you find value, or drop a comment to dive into the discussion!
One Love,
The FXPROFESSOR 💙
Where is $TSLA going next according to charts/ DFCF Model?!NASDAQ:TSLA
In this video, we will analyze the massive 3-year Inverse Head-and-Shoulder Pattern on the weekly chart and go over my very own, built-from-scratch, Discounted Free Cash Flow Model, which says TSLA's fair value is $325 per share. 25% higher than it's current stock price!
I hope you enjoy!
Not financial advice.
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Comment what stock you want to see charting analysis on below.
$QS : A QUANITIFIED SWING SETUP! 80%+ MOVE LOOMING! NYSE:QS A QUANITIFIED SWING SETUP! 👊
NASDAQ:TSLA DEAL INBOUND?!
3 Reasons Why in this Video: 📹
1⃣ My "High Five Trade Setup" strategy
2⃣ Catalyst: #QuantumScape started shipping Battery cells to carmakers and had price target increased to $7
3⃣ Symmetrical Triangle Breakout (MM: 80%+)
Company Overview:
QuantumScape Corp, a company focused on developing next-generation battery technology for electric vehicles (EVs) and other applications.
Video analysis 3/5 dropping today. Stay tuned!🔔
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Are they gonna be a batter cell goliath in this space?! Comment below if you are a believe in NYSE:QS
Not financial advice.
AMEX:IWM NASDAQ:QQQ AMEX:SPY NASDAQ:TSLA NASDAQ:IBRX NASDAQ:UPXI NASDAQ:WULF #ElectricVehicles #TradingSignals #TradingTips #options #optiontrading #StockMarket #stocks
IS SUPER MICRO COMPUTERS ($SMCI) FINALLY BOTTOMING?! IS SUPER MICRO COMPUTERS ( NASDAQ:SMCI ) FINALLY BOTTOMING?!
3 REASONS WHY:
1⃣ We have DIVERGENCE on the Weekly Chart
2⃣ It's almost a "High Five Setup"
3⃣ Take a BREAK and find out by watching. 👇
Stay tuned for more!🔔
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Will Super Micro finally get back on track after the insane negative sentiment and news articles?!
Not financial advice.
BTC - NEW ATH Approaches and ALTSEASONThe first time I started talking about my outlook for BTC in 2024, was in MAY. This is the original post where I first propose the Elliot Wave theory, with a 30% multi-month correction:
It's been a painful journey that required a lot of patience - but today, I am pleased to see that the idea has payed out by 95% so far.
The play has always been a "multi-month" approach, and now it is the last push towards the new ATH which I believe to be anywhere from 82K upwards.
_________________________
OKX:BTCUSDT
GBP/USD +50 Pips 0 Drawdown , New Important Update Now !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Tesla Are we pushing down to 249 or 241 ??? Good morning Trading Fam
A quick update with Tesla , we did not a see a break up into our buy zone and now a correction or more is in place to 249 or 241. However beware this is either a correction or a bigger move down which currently we need more info to figure out before we make that thesis.
Enjoy the video
Kris/ Mindbloome Trading
Trade What You See
USOil WTI Technical Analysis and Trade Idea👀👉 US Oil has encountered recent selling pressure, which may present an opportunity for short-term traders. In this video, we’ll analyze the price action, evaluate the current trend and market structure, and explore potential sell setups if the price action unfolds as outlined. Risk Disclaimer: Forex trading involves significant risks, and market conditions can change unexpectedly. This content is for educational purposes only and is not financial advice. 📉✅