EUR USD, awaiting the fresh supply (weekly)G'day,
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Consolidative box example (Daily)
Orange = Daily
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Below are some of the take aways from the video - please listen again incase any detail is missed.
Daily Imbalances
Weekly Imbalances
Monthly
Do you enjoy the setups?
Professional analyst with 7+ years experience in the capital markets
Focus on technical output not fundamentals
Focus on investing for long term positional moves
Provide updates where necessary - with new updated ideas tracking the progress.
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Thanks,
LVPA MMXXIII
Positiontrading
How to See Fundamental Improvement in Technicals, $VRNT ExampleStocks that are forming bottoms right now are completing faster due to the improvement of their fundamentals in the current quarter.
For example, NASDAQ:VRNT is moving out of the extreme dump by HFTs and retail groups. This is a common pattern that indicates shifting sentiment in a bottom formation.
The candlesticks stairstep upward as Pro Traders get in the mix of Dark Pools buying at bargain prices.
The largest Institutional investors who use Dark Pools to accumulate huge positions over time are the first to buy in a long-term uptrend, at bargain prices. It can be a very early signal, but these are the savviest fundamentals-driven investors in the market, so it pays to learn their footprints in stock charts.
Solid Small Caps for EarningsAnyone finding interesting setups in small caps this earnings season?
These often have more reliable patterns for swing trading. Since they are largely under the radar of the retail crowd, institutional patterns can be clearer.
NASDAQ:CERE is an example of a stock coming up in TechniTrader scans today. It has 88% institutional holdings. A compression pattern is developing. HFTs have been in it recently, possibly due to intermittent accumulation. The strengthening of the sideways action is particularly visible with the RSI indicator.
Dark Pool accumulation tends to cause controlled sideways patterns like this, a key ingredient for what we call Relational Technical Analysis at TechniTrader.
Because this has had a swing-style run out of the last compression pattern at a low in this longer trading range, a swing trade could be considered on the breakout, either above today's high or above the last resistance level for a more conservative entry. (Green lines on the chart) My target would be 31, but of course I'd be watching for exit signals or an extreme pattern to take profits early. Stop loss at the red line on the chart.
A more aggressive trader could look at an entry ahead of the close today if pro trader patterns emerge in the last 15 minutes with an exit shortly after the open if a run or gap up develops for an EOD to FOD trade.
Happy Trading!
Guest author: Mele Ainuu, Senior Technical Analyst, Student Support @ TechniTrader
GBPUSD - Double IB and is it going to reach 50% OE?GBPUSD is compressing and making a double insider bar. After a compression,we usually get a big outburst move. We have placed our entry on the confirmation bar according to our smart money framework and the target for the 50% OE distance as indicated on the chart.
Trader Order Details:
GBPUSD(Short)
E - 1.2146
SL - 1.2332
T - 1.2040
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Is BTCUSD third attempt at 24919 going to hold?(4)We have now successfully hit target on Bitcoin. The chart image shows the sequence of events from 1-4 as per the trade order. As per our previous post, here are the trade order details.
Trade order details:
BTCUSD(Long)
E - 26086
SL - 24919
T - 29045
Target hit on 16th Oct 2023
2959point profits @£1000 risk
= £2535
Great job on those who followed us on this trade.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Refn Image from previous post
Live Trading Session 242: Closed & potential trades on BTC,etcIn this live trading session video,we look at our open and closed positions and the potential trades setting up for the week on GBPUSD,S&P 500,Brent Oil,Bitcoin and many more.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Brent Oil Short Trade Consideration(1)We are looking at Brent oil for a potential short trade only if the following occurs:
1.Wait for Daily bottom to confirm
2.Then for top to confirm before taking shorts till Weekly Confirmation Bar
low is taken out at 83.46
**We will only be considering this short trade for a very small period as Weekly is in Uptrend**
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Refn weekly Image
Is BTCUSD third attempt at 24919 going to hold?(3)Bitcoin is still holding its potential weekly bottom level of 24920. Price structural level of 24756 on the weekly timeframe is still holding and has not been broken yet to give a trend change. Next level for BTCUSD to break through for further strength to the upside is the last potential top at 28592 as in image above. As of now,Bitcoin is retracing quite abit. We will wait and see if the top gets confirmed. For now,we have trailed our stop to almost break even. As per our previous post, here are the trade order details.
Trade order details:
BTCUSD(Long)
E - 26086
SL - 24919
T - 29045
TSL at 25976
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Refn Image from previous post
How far is US30 going to go lower?(2)As per our previous post, the US30 had a 10% probability of going lower and it has turned around this week to confirm its bottom according to our smart money indicator. The weekly is on a Uptrend P2. The 2nd daily bottom is it's 2nd attempt to make a weekly bottom towards a weekly P1.We have taken this trade on a long position upon entry on the 4H timeframe towards a weekly P1 move.
Trade Order Details
US30(Long)
E - 33111 (4H Entry)
SL - 32810
T- TBC
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Weekly reference image:
Live Trading Session 241: Open & closed trade on BTC,Gold & moreIn this live trading session video,we look at our open and closed positions and the potential trades setting up for the week on GBPUSD,S&P 500,Brent Oil,Bitcoin and many more.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Is EURUSD going to reach its 50% OE target?(3)We had entered EURUSD on the daily confirmation bar on a short trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. As per pour previous posts, after the Fed News, our stop did not get hit and the trade went further in our favour to hit our target 9 days later after entry.
EURUSD(Short)
E - 1.0642
ISL - 1.0761
T - 1.0542
Target hit at 1.0542 for
£840 @ £1000 risk.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Reference Previous chart image:
Live Trading Session 240: Live positions on Gold and EurIn this live trading session video,we look at our live running position on gold and the closed trade on EURUSD. Both these trades were take live on the RTCT webinar and still running. They are based on the Smart money framework,cycle methodolgy and volume principles.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Live Trading Session 239: Open & closed trade on BTC,Gold & moreIn this live trading session video,we look at our open and closed positions and the potential trades setting up for the week on GBPUSD,S&P 500,Brent Oil,Bitcoin and many more.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Is USDJPY going to reach its 50% OE target this time?(3)We had previously entered USDJPY on the daily confirmation bar on a long trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. Ahead of the Fed news, we had trailed our stop to low of IB-1 at 147.32 shown as TSL 1 on the chart image. The Fed news bar did not stop us out on our trail but shot back right up and formed a big outsider bar as in the image. As of yesterday our trail is at the low of the Fed News Outsider bar at 147.46. We are a few pips from target but as of now, we are seeing a strong seller bar. We will stick to out plan with discipline and see how this trade plans out for the law of numbers to work. Do refer to our previous post images and links below.
USDJPY(Short)
E - 147.45
ISL - 146.10
T - 148.55
TSL currently at 147.46
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Reference Image:
Is US30 low at 34024 going to hold and confirm weekly bottom?(5)US30 has now recently made a lower high and is now in an extended market compression. For us to consider trailing our stop, it has to take out the first swing high at 35012 and then at 35098 as shown on chart image. Once it does take out both those levels, it has a higher probability to confirm the weekly bottom.Let's see how the trade plans out according to our smart money framework indicator.
US30(Long)
E - 34607
SL - 34023
T - To be confirmed(TBC)
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Refn Image of Weekly timeframe
Is BTCUSD third attempt at 24919 going to hold?(2)Bitcoin is still on the upmove and holding its potential weekly bottom level of 24920. Price structural level of 24756 on the weekly timeframe is still holding and has not been broken yet to give a trend change. Next level for BTCUSD to break through for further strength to the upside is the last swing high level at 28142 as in image above. We have entered this trade as per our previous post on 4h confirmation bar on a reduced risk(Refer to image below).
Trade order details
BTCUSD(Long)
E - 26086
SL - 24919
T - TBC
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Refn Image of Weekly timeframe
Is EURUSD going to reach its 50% OE target?(1)We have entered EURUSD on the daily confirmation bar on a short trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. You can see on the image below on which part of the cycle we are in on the weekly timeframe and how that matches up with the daily timeframe. According to our OE tables, we can see that there is a more than 50% chance since it is a phase 1 move that the weekly potential low will be taken and for the short move to continue further south.
EURUSD(Short)
E - 1.0642
ISL - 1.0761
T - 1.0542
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Reference weekly image:
Is gold going to continue further south?We have entered Gold on the daily confirmation bar on a short trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. You can see on the image below on which part of the cycle we are in on the weekly timeframe and how that matches up with the daily. According to our OE tables, we can see that there is a 70% chance that the weekly potential low will be taken and for the short move to continue further.
Gold(Short)
E - 1925.6
ISL - 1953
T - TBC
Trailing stop at 1932
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Is US30 low at 34024 going to hold and confirm weekly bottom?(3)We have entered this trade on 4h confirmation bar and it went onto confirm the bottom on the daily timframe. However, the weekly bottom is yet to confirm. For it to go further higher and have a higher probability to confirm the weekly bottom, it has got to make a second higher bottom and take out the last swing high as shown in the image. Let's see how the trade plans out according to our smart money framework indicator.
US30(Long)
E - 34607
SL - 34023
T - To be confirmed(TBC)
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
Previous chart reference image:
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Is silver going to run further south?(2)We had a great clean move on silver past our 50% OE target. It has now hit our trailing stop.
Trade order summary position:
Silver(Short)
Trail stopped out at 2320.
Net P/L: 1.51% Profit
@1% =$1000,
1.51% = $1510
Do refer to our previous chart image where we took the trade last week.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Live Trading Session 237: Open Trades on Gold,DJ30 & moreIn this live trading session video,we look at our open positions and the potential trades setting up for the week on GBPUSD,S&P 500,Brent Oil,Bitcoin and many more.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Volume Is Key During A Sideways MarketStrong volume is important in a sideways market. Always check to make sure volume is increasing during the run for entries and holds.
Volume is way too low to sustain this tiny run upward in $NASDAQ:WDAY. The stock is likely to retrace or correct and then shift sideways again. Support below is moderate.