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Recovery

Replaying Trade Setups - High Volume RecoveryThis video is to show how areas of high volume can act as a great tool for Technical Analysis. The settings were as follows: - Timeframe 15 minutes - Lookback average (10) equaling 150 minutes - Volume above 250% above the lookback average What we could see at the start of the video was that there were previous red zones where there had been above 250% down volume. This was recovered by high up volume creating further green zones that were then recovered. This is just one of many tool that can assist you with your Technical Analysis. Where does this leave us, with a potential to sweep the current low to grab the green zone followed by a reversal or price move up to the newly created red zones.
by Frien_dd-DisDev
14
Replaying Trade Setups - Liquidity Grab Reversal - Trading ToolsHaving the right Trading Tools as part of your Technical Analysis setup can give you the edge. When completing your Technical Analysis its good to know where high volume liquidity areas are. This script automatically shows you where these unrecovered zones are. This allows you as a trader to forecast Take Profits, closing your trade or when a reversal might occur. This video shows that once the high volume liquidity zone was recovered price reversed. This could have assisted your Technical Analysis if you where in a short to close your trade / Take Profits. This could have assisted your Technical Analysis to place a long once the liquidity had been recovered. Trade Safe.
Education
by Frien_dd-DisDev
15
A +5% WEEK! "Recovery" Mode Paying Off - DT RECAP 04/24/20Hi traders, What a turnaround. I couldn't be happier. I am ending my week at +5% profit after I strictly followed my "recovery" program as a reaction to previous losses. And it turned out to be just the thing I needed! My trade today: 1) NASDAQ:CZR - LONG @8.463 (average), not a big mover, but the setup was just perfect. Had I held on, I could've squeezed out almost double, but happy with the result nonetheless. +2.08% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: +2.08% Total PnL for the week: +5.02% How did your week go? Good trades, Tom | FINEIGHT
AMEX:SPY
by Fineight
3
This Is HOW You Get Back to GREENS - Daytrading RECAP 04/22/20Hi traders, Another small but solid up day for me. Let's take this opportunity to talk about HOW you should be trading after a drawdown! - You take only the best opportunities. This prevents you from blaming yourself even more when you lose yet another trade while already down. - You trade LESS. If you typically trade 3-4 trades a day, stick to just 1 or 2. FOMO is biiiig when in a drawdown and more often than not you are only digging yourself a bigger hole. Don't try to wipe week's losses in one profitable day. Your plan works, stick to it. The rest is just statistics. - If you REALLY "NEED" to take more trades, just switch to DEMO account! Two trades today: 1) NYSE:CLR LONG @12.57, great pattern, didn't have the strength to continue. -1.02% 2) NYSE:PINS LONG @18.15, beautiful gap, was a little nervous with the volume drying out, but with a support of the SPY I held on and it paid off. +2.27% *In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.* Total PnL for the day: +1.25% Total PnL for the week: +2.44% Good trades, Tom | FINEIGHT
AMEX:SPY
by Fineight