Plan
NZDUSD [Short Plan]Possible short plan:
1. H4 clearly show is a downtrend with a perfect trendline (marked)
2. Awaiting to break downside to current uptrend
3. Awaiting to retest after broken the buy momentum
4. Look for rejections from the zone when price started to head downward will follow it down.
US30 [Plan breakout or range rejection]US30 could break out the resistance (need to see strong candle to break out) and retest.
Likewise, if it rejecting around the top of range will be good opportunities to trade the range top.
USDCHF Bullish ScenarioHello Traders,
USDCHF is starting to look bullish as it has touched a key level as well as it broke a trend line with bullish confirmation.
Trade Safe
TESLA - Technical levels looking neat!!!I don't trade stocks as much but the technical levels are clean on Tesla. It does seem like a bubble looking chart but let's keep in mind the key resistance areas and support areas. If we go pass that trend line - Perhaps of your choice - take the bear trade down. However, at this moment BULLS are still in control. We must be patience with our analyse - put alerts on or orders!
REMINDER: Just a trade idea - not a recommendation.
EURUSD long - Supply Demand - h4 - Trading Plan (Bonus)Hello Traders!
On EU we pushed lower. We did not hit my target for EU, but in my opinion we will hit it. Price now mades a correctional move. We could still go down to the Demand before pushing higher to the Supply Zone. Also it is possible that price will reverse soon to go up. Simply hold your positions if you entered this week at the Demand Zone. And respect your SL that you have put. Follow your trading plan.
It is very important to have your own Trading Plan and to strictly follow it. Otherwise you do not have rules to follow and you can not track if your strategy is profitable. You can use the same Analysis like the best Traders but if you are not following it by a strict trading plan with proper R:R, not changing SL, ... then you will not be profitable.
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.
Thank you and we will see next time
- Darius.
GBPJPY master plan for Tuesday►Monday's volume profile didn't extend beyond Friday's. Not with its main part at least. Meeting strong rejection on both sides and closing near the middle.
►I drew profile and range based lines that make sense to me. In the coming day, I will be looking to open shorts preferably which is also higher timeframe prefered direction. And the best setup market can give me is either of azure lines with an arrow coming from them.
Have a great trade!
AUDJPY [Short Plan]I can't be in front of screen.
After a few pick AUDJPY on daily and h4 does show getting lower.
Two short attempts draw on chart.
Attempt#1 only one TP
Attempt#2 two TPs
GBPAUD [Fishing Long Plan]Long Setup
- Need to see if price come down to entry area.
- Marked Stop, TPs
- Wait and see M15 reaction in the entry zone.
NZDUSD [Short Plan]Short Plan
- I will look what price will do if back to two drawn resistances
- I see the previous uptrend is fading out, there is more zigzag and range happening
- That indicate to me there are sellers come in to play now.
PLAN Potential BatPLAN setting up very nicely for a bat pattern. Breaking over (B) now where I added more Nov calls from (C) entry. I entered long on the C due to a nice retrace level + a reversal pattern (doji) there on the C. Looking to take 1/2 off into (D) where I expect a possible .382 retrace to trendline, or a retrace to previous market structure at the .50 where I will add the 1/2 size back, and a trend continuation to 2.618 extension. I want to see nice reversal patterns on these levels due to having plenty of time on the calls.
AUDUSD [Swing Short Plan]AUDUSD has just been rejected on daily. I am looking for retrace and retest drawn resistance to take it down. This short will be target as swing targets
#BCH - swing it Just gonna leave this bids with 2% of the folio at 2x leverage if I win will be amazing if I loose well it was worth it
USDJPY [1 Jun 2020 Plan] Jun WK1Plan for USDJPY on 1 Jun 2020 possible whole week depends on how to price go
📃 Trading plan 📃 ☝🏻The basis of any action on the market is a well-designed trading plan (TP).
👉🏻The basic rule is never trade without a plan, and when you have done TP, never break it.
Work without a plan leads to randomness and spontaneity of actions subject to emotions.🙅🏻♀️
❗❗Before opening a position, you must determined :❗❗
📌position opening price
📌open position size
📌stop loss order
📌take profit order
👉🏻That's necessary in order to determine the possible risk / win ratio.
⭐⭐A trading plan should uniquely determine the actions of a trader in two scenarios:
1. Price moves opposite the open position
2. Price moves towards an open position
❗ A trading plan is drawn up before a position is opened, when a trader is in a balanced emotional state and can adequately think.
❗ After opening a position, you should follow the trading plan very accurately and not allow yourself to make changes to it during the course of trading.
❗ After closing the position, an analysis of the results is carried out, the optimality of actions is evaluated, and conclusions are drawn for the future.
❗ Trading does not end when you close your position.
❗You must analyze it and learn from it.
❗ After closing a position, many players forget about it and start looking for the next deal.
⚡Don't miss the essential elements of the path to the level of a professional trader - analysis of the past and introspection.⚡
Write down your trading plan. Write down the reasons for the exit and what you did right and what is wrong. You will receive a history of your transactions and thoughts in pictures. This journal will help you learn from past experiences and discover gaps in your thinking.
💪🏻Don't forget about self-development!!!!💪🏻
💙If my post was interesting for you, don't forget to put me like and write your thought!!!💛
Your Rocket Bomb🚀💣
SPY - Trade what you SEE, not what you THINK! *FEAR*Hello traders,
it is worth looking at the psychological problem that appears during this tough time and that´s:
"Trade what you see, not what you think"
Many traders forget about their trading plan and try to change the rules to adapt to the current situation.
The problem is, that nobody knows, what will happen tomorrow, in a week or month. Markets sometimes behave "irrationally". Why quotes? Because who decides whether the crisis is over?
If you have backtested the Strategy, have an analysis of it and have not counted on the fundamentals (news...) during the backtest, why do you want to implement them now?
The answer is simple - FEAR!
Forget about it. What gives you the confidence to follow your plan? Analysis, backtest, real trading. You know what to expect from your strategy.
Keep in mind - Who keeps changing course is not going anywhere...
AMEX:SPY
ES1!
Have good trading,
FINEIGHT team
#Nifty - simple plan - Bearish BAT wait to Buy/long at 7850 - this will be your setup
after the bounce & rejection at the top - Flip short/sell
XRP IDEA???? Does this make sense to anyone????Just playing around with some ideas and connecting pieces picked up since starting to learn and connect.
Does this make sense to anyone?
From a perspective of announcements and time limits as well as political positioning and corporate narratives, not to mention number releases from companies, I would like to think this makes some amount of sense.
Any input is appreciated.
Remember, we are all here to learn, so share your perspective.
I hope I am wrong.... However, October makes some amount of sense for upward momentum.
XauUsd (GOLD) planI have identified key zones but the direction is still unclear. We must see which arrow it follows.
CHFJPY shortLet see if the price action working or not with this plan. use proper money management. calculate risk as detailed as possible with your loting size.
GOLD (xauusd) Possible Short IDEAThis is the short scenario for gold, if price reacts in a way according to an arrow I am expecting it to follow through.
However there is a bullish scenario always therefore don't rush into the trade.
I will publish my bullish scenario if I can reach 10 likes?...….(il post it anyways).
