Master Gold Trading in High-Volatility Zones! Unlock Risk Manag.In this video, I delve into the crucial aspects of Risk Management and share my insights on interpreting the market when it is in critical zones, just like the one displayed on our current XAUUSD chart. Here's what you can expect:
Risk Management Techniques
Learn the strategies I employ to manage risk effectively, ensuring that my trades are protected against sudden market moves. I will cover:
Setting appropriate stop-loss levels below key support zones like the 15M LQZ.
Calculating position sizes based on account equity to maintain a disciplined approach.
The importance of risk-reward ratios in ensuring long-term profitability.
Market Perception in Key Zones
I explain my approach to analyzing the market when it is within significant liquidity zones (LQZ), as seen in the chart. This includes:
Understanding price behavior around Daily LQZ (2,450.370), 4hr LQZ (2,447.909), 1hr TP/LQZ (2,419.054), and 15M LQZ (2,399.472).
How these zones influence my trading decisions and help identify potential entry and exit points.
Time Frame for Trade Execution
Discover the time frames I focus on when executing trades in these volatile zones. I discuss:
Benefits and drawbacks of different time frames.
Why certain time frames, such as 15-minute, 1-hour, and 4-hour charts, are more suitable for analyzing price action and making informed trade decisions in the current market context.
Trading Sessions Participation
Gain insights into which trading sessions I actively participate in and why. Understanding the dynamics of different sessions (Asian, London, and New York) can significantly impact your trading strategy and execution. I will share:
My preferences and how each session's characteristics influence market volatility and trading opportunities.
The best times to trade gold (XAUUSD) based on historical volatility patterns.
Chart Analysis Overview
We analyze the current XAUUSD chart showing an ascending channel, highlighting key support and resistance levels. Key technical points include:
Support Levels: Near the bottom of the ascending channel and around 2,399.472 (15M LQZ).
Resistance Levels: Near the top of the ascending channel and around 2,450.370 (Daily LQZ).
Price Action: Higher highs and higher lows within the ascending channel, indicating a bullish trend. A noticeable spike breaking through the channel suggests strong buying interest at lower
levels.
Potential Trade Setup
Long Position: Consider entering near the lower boundary of the ascending channel or the 15M LQZ support level, targeting the 1hr TP/LQZ or the Daily LQZ.
Stop Loss: Place below the 15M LQZ to manage risk.
Key Takeaways
Master the art of risk management to safeguard your trades.
Learn to perceive and analyze the market effectively within key liquidity zones.
Understand the importance of selecting the right time frame for trade execution.
Know which trading sessions offer the best opportunities and align them with your trading strategy.
Patterns
SPY/QQQ Plan Your Trade 7/10 - EOD Followup AnalysisWell, what a crazy day.
Did you guys see that momentum rally carry into today's Gap Up/High pattern? Boy, sure would have hated trying to short this market trend and watching my account collapse.
This video shows you why I believe the momentum behind this move may carry into and through the big data hitting tomorrow. We may see a very strong rally tomorrow after the data hits that could push the SPY price up into the $565~568+ level.
For those of you capable of executing quick shorts, I think you may have an early morning opportunity with price volatility tomorrow - but I would be cautious of getting too aggressive in shorting until closer to the 15th (Monday).
Thank you for all your great comments and boosts. Remember, I do this to help traders become better skilled at executing their own trades.
Now, we've still got 10+ more days of my predictions to work through. So, we get to see if my research/analysis is worth anything compared to the others out there.
I firmly believe most of the people pushing out research are simply pushing out click-bait. Me, I'm a little different.
SPY/QQQ Plan Your Trade July 9 - End Of Day FollowupToday's Momentum Rally never really showed up.
Remember, I've been warning you these SPY cycle patterns are not 100% accurate all the time. They've done a fantastic job of calling the markets correctly over the past 17+ days. But, today, the Momentum Rally never really materialized.
As you'll see in this video, I believe the momentum for a bullish price move was muted today because of the Fed comments and lack of data.
In short, the Fed comments took the momentum away, and price struggled to find any real trend.
But the momentum for a bullish price move is still there. It is inherently biased toward price. So, I believe we could see a very big (explosive) move to the upside over the next 4+ trading days.
Stay patient. This is a great example of learning to wait for the best setups.
If my analysis is correct, this current setup could be a very big winner. The bullish price bias may explode to the upside over the next four to five days.
Get some.
Plan Your Trade 6-28 - Today Is The Big CRUSH DayThis continuation of my Plan Your Trade video series highlights the potential price rotation we'll see today with the big CRUSH pattern. Next week, I believe, will result in a substantial rally phase throughout the week of July 4th.
Today's big CRUSH pattern will likely result in a fairly deep downward price move in early trading, followed by a period of basing/stalling before we may see a fairly strong rally phase/squeeze into the end of trading today.
These types of price swings are fantastic for day traders and intraday swing trading.
Watch the video today and prepare for next week. Overall, nothing has changed. Price is rotating into a rally phase ahead of Q2:2024 earnings.
Learn how my SPY Cycle Patterns can help you plan and prepare for market direction and trends.
Do you know anyone who can accurately predict price setups/trends 2 to 4 weeks into the future? Well, you are watching me do it right now.
Let me know what you think in the comments.
Go make some money today.
Plan Your Trade 6-26 - SPY BreakAway PatternGood Morning.
This continued video series highlighting my Proprietary SPY Cycle Patterns is designed to help you understand how to prepare for, and trade expected market trends.
The SPY Cycle Patterns are predictive. They represent shapes/trends of future price bars on the SPY that can help traders understand where opportunities may exist for trading. They can also help you stay away from consolidation/congestion periods.
In today's video, I highlight how the current BreakAway pattern in Trending mode suggests the SPY will rally a bit today. I expect the SPY to close above 545.50-546.50 as the bullish base/support level holds today.
There is a bit of downward pressure on the SPY this morning. It will be interesting to see if my expectations are accurate or not.
Remember, the SPY Cycle Patterns are not 100% accurate all the time. They are only about 80-85% accurate in most cases. Big news events or outside factors can drive prices in ways that do not align with my SPY Cycle Patterns.
However, these SPY Cycle Patterns are generally very accurate in terms of how to plan/prepare for trading opportunities 3 to 10+ days into the future.
I hope you enjoy it. Please leave a comment and tell me if you see value in these videos or what you think.
Plan Your Trade 6/21 - SPY Cycle PatternsPlan your trade to prepare for future price moves using my proprietary SPY Cycle Patterns.
This is a continuing video series related to my proprietary SPY Cycle Patterns. These unique patterns highlight potential price moves/trends weeks and months in advance.
I wanted to highlight the next 15+ trading days on the charts and track these potential setups to see how closely my expectations translated into price moves.
About 3+ days into this experiment, we should see a Top/Resistance price trend today. This is usually where the price attempts to rally upward to a peak, then rolls downward, seeking a new base/bottom.
Follow my research and learn how to Plan Your Trades more efficiently.
Learning To Plan Your Trade With SPY Cycle PatternsDid you watch my SPY Cycle Pattern video this morning? Were you aware that today was designated a Harami-Inside type of price action? This type of pattern represents a very narrow, often trendless, trading day.
I warned all of you before the market opened that today would be a day to sit back and wait for the market to show us whether it wanted to trend or not. Obviously, there were some quick pullbacks and trends—but nothing very big. If you had stayed out of the market most of the day, you probably would have been happy avoiding the chop.
Tomorrow is a big CRUSH pattern. These patterns are usually fairly large price range bars that often move against the 3~5 bar trend - in this case, downward.
This video covers the next three weeks of trading in the SPY and shows how I read the SPY Cycle Patterns as "sentences" related to how prices will react and move (including trends and ranges) going forward.
Of course, nothing is 100% perfect when predicting future price trends. But I think you'll find real value in the SPY Cycle Patterns and how they can help everyone prepare for the type of price action to expect.
Plan your trade. Use all the tools required to help you make better decisions.
Remember, trade only when the market provides opportunity and efficient price trends.
I'll keep updating these videos for all of you over the next few weeks. Let's go make some money as the markets trend into Q2:2024 earnings.
Trade Recap + Two Missed Positions (+10% Potential)In this recap I cover a short position I took on EURNZD with key details regarding the lower timeframes, followed by two missed positions. CADJPY has given me some direction on potentially a new entry I can include in my trading plan, whilst USDJPY I chose to stay out of due to high impact news. Double digit returns again in just one week, stay switched on guys!!
How to trade Double Tops to the Short Side using 1 hour barsI always ask myself: What's my favorite chart pattern for finding high probability entries? I look at my stats, I look at my various strategies, and I always find I like one type of trade best: Trend Continuation trades using double tops for shorts and double bottoms for longs.
The strategy is simple: Using 1 hour wickless bars, (I'll show you how in the video), identify a trending stock by seeing where price is clearly up or down, then identify a double top or double bottom occurring along the trend. When you have two confirmed tops or bottoms, get short or long, as the case may be. The patterns really do come in all shapes and sizes, but they are best when they occur along a resistance line, be it VWAP, a 20 EMA, or some other. They also can be confirmed by looking at your RSI chart which will indicate clearly two v bottoms for a long entry or two peaks for a shorty entry. Seeing where on the RSI chart these double patterns are forming is also instructive. Longs should show up on the RSI chart as a pair of v bottoms occuring at the bottom of the upper half of the chart, above the 50% line. Shorts should show up on the RSI chart as a pair of peaks at the top of lower half of the chart, just below the 50% line. Because you're using 1 hour bars to find entries, it naturally stands to reason that your setups will trigger at the top of the hour, when there is typically a burst of volume. If your analysis is correct, that volume burst will push your trade in the proper direction within seconds, so if you like instant gratificatrion like I do, you'll enjoy that aspect of trading this way.
How We Use The Forecast Model PatternsThe current position of all patterns (with the exception of the Cumulus Triangles) are not set in stone. The patterns can extend across many different price and time ranges at any given point in time. The current positions are default locations determined by analyzing the historical average position were each pattern occurred across all cycles. We currently have every pattern in this default position to help us gauge where the Bitcoin price most likely will be in the future, and to compare historical price behavior to the current situation.
Thanks for watching!
Correction to Last Vid ...June 4th NOT June 23rdTraders,
I made a critical data error in my last video in stating that the level we were looking to beat to become more optimistic was June 23rd. That is NOT correct. The date we are looking to beat is June 4th, the day before the SEC lawsuit again Coinbase and Binance was announced. So, you want to draw a horizontal line from that body high on that date as demonstrated in this correction video here. My apologies traders.
Stew
Tripple top pattern on METAExplaining and showing how tripple top pattern can help in finding excellent trades
I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated
Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses
Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind
Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at.
So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation
Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there
Swin trade on ORCL 1 hour chartDiscalimer: I do not give solicitation to buy or short.
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I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated
Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses
Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind
Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at.
So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation
Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there.
Learn Ascending Triangle | Classic Price Action Pattern 📚
Hey traders,
In this educational video, I will teach you how to identify an ascending triangle.
We will discuss the structure and the bias of this patter
and how to apply that in analysis.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
How To Analyze Any Chart From Scratch - Episode 11Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on GBPAUD, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous episodes below "Related Ideas"
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
How To : Chart Formations Critical Second Top & Bottom Entry Hi Traders and Investors
This video is a follow up from my previous posting dealing with shifts of momentum.
This time we are looking to add an additional synergy - the second touch in a chart formation - which can be found in Double Tops, Double Bottoms and head shoulder formations. Correctly using the second touch on the chart formations has allowed me to avoid many mistakes in my evaluating my trades and I hope that it will help you in evaluating your trades.
When you look at the Double Top and Double Bottom chart formations, you will notice that high frequency trading and algorithms trading will often create the formation of a second top to the same level as the first top or slightly higher by taking stops pilling at the first top . At this point, you want to wait for the synergies to come into play and use your tools to look for a shift in momentum on the 2nd top touch see video.
Waiting for the shift in momentum to occurs after the second touch, is a critical piece of of information that will prevent you from taking trades that are likely to be stopped out on the first test.
Hope it helps have a great week end
Marc