Work from anywhere Done from my phone but following my last idea.... I imagine we will see a small retrace up to test of the 2017 high before further downside.
This is a nice scalp move as I keep repeating a healthy market is key for take off...
Keep and eye out for the retrace to $1475-$1550
Pull out in profit and watch the bear massacre occur.
Good luck and have fun with it
Long (scalp)==> around $1525
Short (swing trade)==> (low low low)
Scalp
EUR/USD - Not my night, but lessons of the past is VALUEOANDA:EURUSD
After the garbage trade on USD/JPY that went to breakeven earlier, I looked at EUR/USD and took a short.
This time I wanted a TP at previous week lows around the 1.05362 area, which would had been a nice one to start the week.
But it went against me a bit (a good bit), but I held, not because I was bag holding, but I held in the direction of my longer trend bias.
So price action did come back in my favor.
So this is where I checked my greed, price came back to my entry level, and in my past life, after going through a nice draw down and coming back to break even, I would keep holding for a bigger pay day, but most times, price action would pullback against me even harder and I would be rekt and blown up.
Today, I was happy to close out at breakeven for +1.5 pips.
Trade management is THE #1 key to surviving and success.
Trade well.
EURCAD I Pullback and local short to supportWelcome back! Let me know your thoughts in the comments!
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NAS 100 I Local short opportunity Welcome back! Let me know your thoughts in the comments!
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Bitcoin Supply ZoneHello traders
As you know bitcoin started to turn bullish weeks ago, market greed has increased, and dominance is above 42%.
On a day to day charts and the short term, Bitcoin hit a supply zone that is pretty strong in every timeframe.
I see a rejection from that zone, and I think this rejection might create a bearish momentum for the short term; in other word, I will call it a correction for a bullish trend.
I screenshotted a metric from Glassnode called realized Profit/loss Ratio, which shows that most of the network wallets are currently in profit. This is a risk for a price.
Note that this is an Intraday analysis and is only valid for a couple of days or even hours.
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Scalping Way- i do not scalp but if u want to play, you need to level up some basics :
- Price Action
- Price Range
- Divergences
- Play Breakout / Play the Support
- Stop Loss
- Take Profits
- Everything is comprehensive in Graphic.
- i used H4 timeframe
- Log Chart.
- MACD indicator only. ( logarithmic one ).
- if you want to be a Master Scalper, you need to be very rigorous. Zero sentiments.
- Hope it helps.
Happy Tr4Ding !
SHORT GOLDRisk 1%
TP1 = 1:3 RR
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EURUSD NY Session LongGoodday traders,
Price grabbed the first BSL targets mentioned in post before. Price grabbed it in Londen key timing session.
Im now looking for a continuation setup for the NY session and grab the equal Highs liquidity as target.
Entry based on 5 MIN Bullish OB and an optimal trade entry from the swing that made the Break of the old highs.
Also in discount off the bullish swing (Lower than 50% off the total swing).
Price holded the possible level to create a Swing Low on the daily timeframe.
For me enough, price could retrace bullish into more BSL.
Showing me Bullish price action here.
Best case scenario would be for key the timings: 14:30 UCT+1 or 15:30 UCT+1 to,
create false bearish move out of the consolidation to fill my Long entry.
No financial advice.
Dave
HIENS4, more to come?Attempt to break above resistance trendline, details on the chart.
Good luck traders