Rangetrading
How to identify a trend move using AnchorsIn the video I discuss the concept of Anchors in trading and how I use them in my own trading.
Anchors play a major part in identifying the prime areas to trade and also in risk management when in a trade. I will discuss my prime setups and trading areas using anchors and multi-timeframe analysis.
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What is Scalping (How to Scalp the right way)To me scalping is a form of trading that's done when you're in between your moving averages or in between support and resistance levels like inside of those zones or when you are inside of consolidation and distribution areas. A lot of you claim to be scalpers on small time frames when the truth of the matter is you are simply impatient and you use 1 minute, 5 minute, 15 minute or less time frames on your charts.
With that being said one thing that you need to have a good grasp on is how to range trade and in this video I'm going to show you what you should be looking for when you arrange trading.
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Scalping is a trading style that specializes in profiting off of small price changes and making a fast profit off reselling. In day trading, scalping is a term for a strategy to prioritize making high volumes off small profits.
Scalping requires a trader to have a strict exit strategy because one large loss could eliminate the many small gains the trader worked to obtain. Thus, having the right tools—such as a live feed, a direct-access broker, and the stamina to place many trades—is required for this strategy to be successful.
Scalping is a trading style that specializes in profiting off of small price changes and making a fast profit off reselling.
Scalping requires a trader to have a strict exit strategy because one large loss could eliminate the many small gains the trader worked to obtain.
Having the right tools—such as a live feed, a direct-access broker, and the stamina to place many trades—is required for this strategy to be successful.
A successful stock scalper will have a much higher ratio of winning trades versus losing ones, while keeping profits roughly equal or slightly bigger than losses.
A pure scalper will make a number of trades each day—perhaps in the hundreds.
A Trade Example in The Nasdaq Futures Using a Simple TA ConceptThis was a really clean example of a really basic price action based set-up. On the short-lived Holy Grail trade(See my most recent live stream for a walkthrough of the holy grail trade set-up) that resulted in a false breakout, price begins to reverse and want to cross back through the established range on the 5 minute chart, as we begin tending back towards the middle of the range, we want to enter a trade, playing short term, attempting to take out the range high. I am currently working on getting my profits off the table much earlier and not being a "dick for a tick" so any time I get a trade between 2-4 R in my favor, I am taking my profits and running. I narrate all of this in this video
CME_MINI:MNQ1!
GBPCHF I Range trading strategy Welcome back! Let me know your thoughts in the comments!
** GBPCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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TEAMLEASE 40% gain in 5 monthsThe share trades between a range of 1992 and 3212 and has covered the gap of 60% for 3 times in previous years. From the present level it can give a return of 40% in less than 5 months as per previous chart patterns. But the company is a small cap company so a risky bet to play. Please put money after deep thinking. The current P/E ratio is very low than the 7-year average P/E ratio and the company has significantly increased its revenue and net profit, so it becomes safer to buy it at this point of time. Present market analysis shows that it will furthur increase its revenue and net profit this year.
Thank you for reading it to the last
🚀🎯 GBPJPY Bullish Momentum: Capitalizing on the Range! 📈Hey traders! Are you ready for an exciting ride on the GBPJPY forex pair in the 4-hour timeframe? 📈💹 Let's explore this fantastic bullish setup together!
📊 Range-Bound Market: GBPJPY is currently experiencing a ranging market, with strong support at 180.000 and a formidable resistance at 183.500. In this dynamic environment, traders can spot lucrative opportunities by buying the bottom and shorting the top.
🐂 Buyers in Control: The buyers have taken charge as the price recently bounced off the sturdy support level at 180.000 and formed a double bottom
🛡️ Moving Averages as Support: The moving averages are playing their part as reliable support levels during this bullish momentum. Their alignment reinforces the buyers' strength and provides additional confidence in this setup.
💹 Profit Target: My primary focus is on riding this bullish wave towards the top of the range. As the price approaches the resistance at 183.500, I'll closely monitor the market for a potential shorting opportunity or a breakout setup.
Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if this insight was helpful 🚀
$TRAC (BRC-20): trading and accumulating = investing into BTCThe BRC-20 token LSE:TRAC (don't confuse it with OriginTrail, same ticker) is trading on decentralized exchanges (you need a BTC wallet like Ordinalswallet, XVerse, Unisat) and on Gate.io.
It is a fundamentally very interesting project with a market cap below $10M, the indexer of the BRC-20/Ordinals space on Bitcoin. Lot of room to the upside, but, obviously, also high risk.
I am very bullish on the project and I am using each opportunity to benefit from its high volatility on Gate.io. The black lvls on the chart are the S/R areas where the price is constantly ranging between. I am selling resistances, buying supports. If it breaks the resistance I buy the retest/support and sell the next resistance. If it breaks down I buy the next support. It's basically trading 101. I make 5% or 10% a few times a day.
Bought today's dip at 37c, sold a small bag at 54c.
The green levels/areas are demand zones of different importance. Between 35 and 44c strong support. At the time of writing at $0.47, I consider this still as cheap.
NFA.
I am not selling as much as I buy tho, accumulating this coin for further upside.
DYOR. You do you, I do I.
CPI (June)CPI YoY:
Forecast: 3.1%
Previous: 4.0%
Actual: ?
With CPI on the very near horizon, here are my thoughts on what Bitcoin could do in terms of price action:
Bullish scenario - We all know that CPI tends to be a volatile event with aggressive whipsaws in price in both directions irrespective of the outcome. Therefore there is an opportunity to capitalise on the frantic LTF price action.
For the bulls A good place to enter is the local range low if we see a reclaim after a demand zone sweep. I think this is fairly likely and ideally we see price move to the downside first upon the data release as in general, THE FIRST MOVE IS THE WRONG MOVE... following this initial move to the downside a reclaim would be primed for local highs in my opinion. If there is no reclaim then unfortunately there really isn't much support on the way down as BTC would seek to fill the FVG at 27K. A reaction off this level will leave BTC in a good place to attack 32.5k, reinforced with the ETF narrative and decision coming not too far down the line.
Bearish scenario - As was suggested previously, the first move is wrong, therefore the second move is the true move and for the bears it's the opposite to the bulls. If we see price move to the upside upon data release, I would like to see a SFP of the local range highs before entering short with the range midpoint as first target, then range low, then FVG as final target. If that LTF range high holds after being broken, I would like to see a strong wick up into 32.5K resistance and a reaction off this level to the downside and supply liquidity has been taken. Any slow grind up into this level would have me concerned as to BTC printing a swing fail and not just blasting through after consolidating. If that does play out then I would re-evaluate and stay in cash while doing so.
Reminder: First move is the wrong move.
CPI is usually very volatile and therefor risky. It's easy to FOMO into random positions as a gamble, the market usually wins in those positions.
GOLD on a strong Buy zoneif Gold takes out the sell zone as in the red arrow shows, expect a possible rise after a retracement with respect to the strong buy zone.
at this moment gold is in range between these two zones, looking at the candles it obvious seeing a bullish momentum candles, indicating a possibility that the sell zone will not hold.
seeing a momentum candle on a demand zone(buy zone) Gold should rise to 1948.85.
EURUSD | PingPong of EMAs
It's been a long time since I took a look at the Forex market, so I'll start with our Euro against the USD.
If truth be told, I haven't missed much since 3 months ago.
As the title says, as see a PingPong game of the EMA 200 and 800 or in other words:
It is nothing more than a range.
This leads to the simple idea to trade the Reaction.
In fact, currently we are back at the daily EMA800, with a good chance that we get a divergence in the TDI.
I would leave some space for the SL, since, as seen in May we could well play a little above the EMA.
As a target for the time being the EMA200 should be targeted, if this is reached, one can ride the remaining position.
GBPUSD SHORTGBPUSD present an opportunity to go short as price return to breakout rang,details on the chart..
Price range is very important, it tells us what time volume is introduced to the market, some traders rely on volume pofile indicator,, ATR and other indicators but it is better to determine volume using candlesticks range.
A trader must learn to study!
MDXUSDTMDXUSDT was trading in range from last few days, finally today it broke through the range and currently again got range bound. If it gives healthy closing out of the range at 0.655 region, it will be a nice buy setup.