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Scalp

Short Scalp StrategyThis is a lesson on how to find good short scalp opps after strong moves into a resistance area. Wait for signs of weakness and look for some of the following things... 1. Upthrust through LTF resistance 2. Strong sell volume on rejection 3. Hz support break 4. Bearish Divergence All of these were met on this trade (H1 TF showed bearish div). —————————————————————————————— Top 10 trading tips: 1. DO NOT FOMO into a trade. Let it come to you. Don’t force it. 2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind. 3. Let your winners run and cut your losers short. 4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win! 5. Before you enter a trade, know your target AND your exit strategy. 6. Never use just 1 indicator for confirmation. 7. Set Perimeters and remove emotions from the equation. (stop loss, take profit levels, etc) 8. Don't fight the trend. The trend is your friend. 9. Price Action greater than Indicators/Fractals/MAs 10. Horizontals greater than Diagonals Please Note: - This is not financial advice. - I do not take every trade I post. - Never trade off of someone else's chart until you DYOR!
by DaCryptologist
Breakout Scalp In The US30It’s been a whipsaw morning on Wall Street, let by a 1% gain in the NASDAQ and negative action in the DJIA. For the US30, we have seen two key technical levels come into play: Weekly EMA, 34,377 Weekly 62% Retracement, 34,491 A bullish breakout above 34,500 is possible as the weekly high is 34,504. Here is the trade: 1) Buy from 34,505 2) Stop loss at 34,489 3) Profit target at 34,521 4) 1:1 risk vs reward for 16 pips This trade gains strength if 34,504 holds as the weekly high going into the Monday session.
ULong
by TheTradingRoom
crypto futures hourly scalping with ma crossovers & rsi _ oghi to all lovable traders and investors hereby i want to share a combination of trade ideas for scalping i've chosen hourly timeframe indicators used: moving averages and rsi moving averages: ema 3, ema 5, ema 7 sma 3, sma 5, sma 7 daily_ema_3, daily_ema_5 daily_ema_5, daily_sma_5 rsi: rsi 7, rsi 14, rsi 26 daily_rsi_7, daily_rsi_14, daily_rsi_26 as per the analysis over moving average behavioral patterns & rsi movements, useful points are given below which will be helpful while choosing good entry points & exit points, strategical points for LONG: * when ema3 crosses above sma3 - green candles start to form * it's followed by ema5 > sma5 and ema7 > sma7 * when ema3 crosses down sma3 - it's considered as an indication of exit * if rsi supports then can wait for ema5 crossing down sma5 * as similar, when daily_ema_3 crosses above daily_sma_3, its an higher timeframe bullish indication, so the lower timeframe entries inside this higher timeframe is a sure shot confident entry * for LONG always take entries when rsi_14 < 30 or 25 else check rsi_7 < 25 or below * as along the above, bullish CANDLE patterns like bullish engulfing, morning star is been used for entry at lower levels * so here i've used OPEN as rsi_source in majority * exit points also indicated at high_rsi and moving average crossunders or reverse crossovers * for SHORTING, the above said ideas can be used in viceversa * inputs in the indicator were tailored for users needs so that you will enjoy the magics of customization if i am wrong in anyways regarding the above indicator strategy, please forgive me and help me improve in this aspect by commenting. after few more studies and analysis and mainly QUERIES & COMMENTS, i'm planning to backtest these strategies here in tradingview. also if these strategies are coded in python, we can link it to Binance Futures Algo or Bot Trading. thankyou for this opportunity, thanks to tradingview and pinecoders thanks to Pranab (for 365MA) thanks to Gandalf (for inspiring) Special Thanks & Love to Chartbank
by ogcheckers
Breakout Short For April WTI Crude Futures Don’t look now, but April WTI futures are on the cusp of $100.00 per barrel. Is there a washout beneath this key level on the horizon? At this point, it appears a test under $100 is on the way. Here's how to play the breakout: 1) Sell April WTI futures @ $99.99 2) Profit target @ $99.88 3) Stop Loss @ $100.11 If we see a test beneath $100, then be ready for a rapid washout to the bear. If price goes +8 to +10, move the stop to breakeven. This will be a volatile area.
NYMEX:CLJ2022Short
by TheTradingRoom
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