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Extreme Day Trading/Scalping Strategy------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- HD Session Volume Profile (SVP HD) - Go to settings under Inputs. Click custom. I set to 10:00am-10:00pm Pacific/Auckland time. I live in NZ. Set to your time zone. Click extend right box for POC, VAH, and VAL. Then go to Style and click VAH and VAL box. Unclick labels in price scale and values in status line box. Click histogram box and turn down opacity from 6% to 0. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Visible Range Volume Profile (VRVP) - Go to settings under Style. Click VAH and VAL box. Unclick labels in price scale and values in status line box. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Volume Weighted Average Price (VWAP) - Go to settings under Inputs. Click bands multiplier #2 and #3 box. Go to style. Unclick bands fill box #1, #2, and #3. Unclick labels price line and values in status line box. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 100 Volume Weighted Moving Average (VWMA) - Go to settings under Inputs. Set length to 100. Go to style and set color to white. Unclick labels on price scale and values in status line box. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Vertical dotted lines (1period) - They are the open and close for each session. Red: Tokyo 1pm-8pm NZST. Blue: London 9pm-4.30am NZST. White: New York 2.30am-9am NZST. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Horizontal dotted lines (1 period) - They are very useful and powerful price levels I believe. The big players (banks and financial institutions) especially love big round even numbers in the market. I simply put them down and divided them into quarters. l put levels on whole, half, and quarters of values of price. So for example I put one on 144 and 145. I then simply divided in half, 145.5. Then I divided again to get 145.25 and 145.75. I believe this principle/idea can help to find useful support and resistance levels. It's based from the bigger whole round numbers in the market. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Range Bars (I flick between 10R to 50R for EJ and GJ) - I use range bars. I love range bars. 100X better than time based charts. I've ditched all time based charts. Range bars filter out and remove time from the equation. They simply just show raw movements of price. Raw and uncensored. They show every nook and cranny of market structure and market structures on any chart. They show the market as it really is with no lag no delay. You see the market as it when it is playing out. No filter. You plainly and sharply see every single price movement. This is incredibly invaluable for day trading and scalping. They are very powerful for seeing patterns, breakouts, breakout and retests, and support and resistance. They are far better than time charts because you don't have rely on time. You are actually only relying on price to move. That is all you are focusing on. If you can focus on market structure instead of time I believe it really helps to read the chart in a way deeper and powerful way.
Education
by JdMullin
DAX 40 - 123 Breakout Strategy SetupToday we are trading the DAX 40 (DE40) in the 15-minute time frame. We are using the strategy that I have titled “1 2 3 Break-out Strategy” In previous videos and posts, I have explained exactly what to look for regarding the criteria and the setups that need to be in play for us to determine the correct entry, stop loss and take profit targets. I have also explained that we use the London session primarily to find our entry. Please note that If we do not find an entry in the London session, we then keep our eyes on the chart throughout the day as sometimes the entry can come a little later, and in some cases we even see it happen during the New York market trading session. This strategy uses a previous range that was set either in the previous day's Asian trading market session or if the price was trapped in a trading range for longer, we use that range as our points of interest. It does not matter how long the price is trapped inside of a range because this strategy is simply a breakout strategy. So we have to make sure our range is determined before we can spot our break out. Now, what is important to note is that ranges do not need to have support zones and resistance zones perfectly horizontal. We can have all types of Support / Resistance zones. Sometimes these zones work at different angles. As long we can see price respecting these zones and bouncing off of them for a minimum of two taps. I have called the strategy the 1 2 3 Break out strategy because I believe the best setups occur when we see three taps before the breakout. In the video below, you will see how I explain this. Trading is very subjective and it is easy to make our eyes see exactly what we want. We can make any zone on the chart have multiple taps, but the trick is to use the correct levels where, with an objective view, we can see that the price has indeed bounced off of these zones. The breakout candle should never be larger than 100 pips. I always like to make sure it's less than 90. My entry was at the price point of 12485.0 My stop Loss is 12580.7 My Take profit is 12321.4 Hope you all have a good weekend. The Vortex Trader
PEPPERSTONE:GER40Short
by TheVortexTrader
DAX 40 - 123 Break-out Strategy EntryToday we are trading the DAX 40 (DE40) in the 15-minute time frame. We are using the strategy that I have titled “ 1 2 3 Break-out Strategy” In previous videos and posts, I have explained exactly what to look for regarding the criteria and the setups that need to be in play for us to determine the correct entry, stop loss and take profit targets. I have also explained that we use the London session primarily to find our entry. Please note that If we do not find an entry in the London session, we then keep our eyes on the chart throughout the day as sometimes the entry can come a little later, and in some cases we even see it happen during the New York market trading session. This strategy uses a previous range that was set either in the previous day's Asian trading market session or if the price was trapped in a trading range for longer, we use that range as our points of interest. It does not matter how long the price is trapped inside of a range because this strategy is simply a breakout strategy. So we have to make sure our range is determined before we can spot our break out. Now, what is important to note is that ranges do not need to have support zones and resistance zones perfectly horizontal. We can have all types of Support / Resistance zones. Sometimes these zones work at different angles. As long we can see price respecting these zones and bouncing off of them for a minimum of two taps. I have called the strategy the 1 2 3 Break out strategy because I believe the best setups occur when we see three taps before the breakout. Trading is very subjective and it is easy to make our eyes see exactly what we want. We can make any zone on the chart have multiple taps, but the trick is to use the correct levels where, with an objective view, we can see that the price has indeed bounced off of these zones. The breakout candle should never be larger than 100 pips. I always like to make sure it's less than 90. My entry was at the price point of 12485.0 My stop Loss is 12580.7 My Take profit is 12321.4 Hope you all have a good weekend. The Vortex Trader
PEPPERSTONE:GER40Short
by TheVortexTrader
Fake Breakout: Returned to Ranging Till Next Economic PointersTVC:GOLD While our gold bears much welcomed the latest CPI data release and those who started the short just above 1680 would have merrily captured about 35 pts in a flash, I can only hope that latecomers to the post-CPI bear party steered clear of what is now clearly recognisable as a 'fake breakout'. The gruesome lesson on the importance of NEVER to trade near fake breakouts is, unfortunately, often out the window when emotions run high and inhibitions low. Time and again, it is a mistake even some seasoned traders make. So How Do We Identify Fake Breakouts In Real Time? Firstly, take your emotions out of the equation and examine the price action purely as an observer for a minute. This is so that your mind won't be taunted and consumed intermittently by the urge to trade the dip. You then need to watch for the development of responsive trading that brings the price back up mildly, and any further initiative trading (i.e. subsequent large displacement candles that pummel the price further down towards the lower limit of the falling channel. When a fresh breakout is followed by only responsive trading but no further initiative down moves using the 15 or 30 minute-charts, then you are most likely looking a fake breakout right in the eye. Best to avoid trading anywhere near it till price action brings gold back to a FVA where you can source high RRR trades by trading the rejections just outside the fair value box. Back to the chart, we really do see a classic fake breakout last night following the CPI reading. What is also noteworthy is that, on the 4-hour chart analysis which I published on Wednesday, two support levels were identified using earlier price actions that unfolded along the main falling channel - one just above the control price of the falling channel and one just below it. And the fake breakout quickly terminated right where it touched the H4 sub-control price support and commenced retracement just as quickly as the post-CPI dip. Gold is then returned to our post-NFP value area (identified also in the chart analysis published earlier this week). Okay. So What Now? Range-bound yet again, your safest strategy today might be scalping within the fair value box. For example, it may be beneficial (in terms of optimising your RRR) to enter a short just after a rejection is observed in the high 1670s, with SL set at 1685 and TP in the low 1660s. Long or short, best to close your positions in the hours ahead of the US business inventory and retail sales updates tonight. These economic pointers shed further light on the market sentiment and can cement price directionality in EITHER direction. So Where Is the Main Channel Headed? Overall, the 4-hour large channel remains biased downward mainly thanks to the Fed's protracted hawkish stance. Bears however can never be too cautious in monitoring any early sign of a Fed pivot, as the slightest indication as such may rapidly return price action to the pre-war fair value area that lasted about 8 months (marked as FVA (1) in the chart below, and again confirmed by the return of some sense of normality in FVA (2) shortly after the episode of war spikes was over). That's essentially why, over longer timeframes, bears entering any short position at this point would be doing so with relatively unappealing RRR and have very rather limited potential to profit from gold plunges (if the commodity plunges further at all again.) Let's say gold does plunge heavily down to the lower limit of the falling channel, a superbly good trade then would be to long should price ever touch the lower limit of the falling channel (or better yet, break just below it and reach a downside rejection.) However, we have 2 main reasons to believe that price will be rather unlikely to travel again into the 1600s - 1620s range: 1. Returning to the overview above of the falling channel, we observe a lot more price action in the upper half of the channel, which usually indicates that the downtrend is not particularly strong or can quickly come to a reversal in response to institutional push-up initiatives; 2. The most recent drop below the control price (in late September) came just after spending a whole week bouncing about within the 1660s-1680s range (which is right where we are now!), yet did not break through the channel into excess as it did in July. Instead, a quick rejection occurred right at the bottom limit of the channel (at 1614), followed by 2 initiative strides that returned price action rapidly to the upper half of the channel. That's all from me today. Happy gold trading, everyone. And remember to always stay diligent, particularly in the presence of the allure of high emotions.
TVC:GOLD
by esnov
MAXN : SWING TRADE / SCALPINGMaxeon Solar Technologies, Ltd. designs, manufactures, markets, and sells solar panels and related solar system components worldwide. The company provides interdigitated back contact and shingled solar cells and panels under the SunPower brand. It offers its products to dealers, project developers, system integrators, distributors, resellers, and residential and small-scale commercial customers. Maxeon Solar Technologies, Ltd. was incorporated in 2019 and is headquartered in Singapore. First Solar (NASDAQ:FSLR) and Maxeon Solar Technologies (MAXN) were upgraded to Buy from a Sell rating at Goldman Sachs. The investment bank pointed to the tax-and-climate bill signed last month by President Biden as a key driver for the U.S. solar industry. The law has incentives for the biggest investment in energy-efficient products in U.S. history. It sets aside $21 billion for rebates and federal tax deductions for energy-saving improvements to people’s homes in the next 10 years. “Simply put, we see stocks with U.S. leverage and/or U.S.-based manufacturing as fundamentally best positioned, and we take a deeper dive look at where valuation would suggest further upside exists,” Brian Lee, analyst at Goldman Sachs, said in the Sept. 7 note. The bank also updated earnings estimates and price targets for the solar companies in its coverage. Read more on : seekingalpha.com
NASDAQ:MAXNLong
by TradingMavericks
CAN BTC REACH $20 000 THIS WEEK?BTC is currently in a range between $18 000 and $20 000. Despite the market structure being bearish, there is a good probability of BTC reaching $20 000 before the next dump in price. I have been waiting for price to raid the Sell Side Liquidity by $19100 before looking for scalp long positions till price reach $20 000. Now that it has occurred, i will be scalping long positions as i expect price to make a high of the week before dumping further.
Long
by Evaliste
2
BTC TradePlan (10/10/2022)TRADE OVERVIEW: This is a trading plan based on the symbol BTC/USDT in the Bybit exchange. Market analysis and setup provided by Shade. All trading zones are marked in the chart (with all confluences/key levels noted in each zone). Entries will not be placed automatically at the first line of the 'Trading Zone'. Only enter trades if enough confirmations are present in the chart. TH TERMINOLOGIES: 𝗩‌𝗦𝗥: 🇻‌🇪‌🇨‌🇹‌🇴‌🇷‌ 🇸‌🇺‌🇵‌🇵‌🇴‌🇷‌🇹‌ 🇦‌🇳‌🇩‌ 🇷‌🇪‌🇸‌🇮‌🇸‌🇹‌🇪‌🇳‌🇨‌🇪‌; 𝗘𝗠𝗔: 🇪‌🇽‌🇵‌🇴‌🇳‌🇪‌🇳‌🇸‌🇮‌🇦‌🇱‌ 🇲‌🇴‌🇻‌🇮‌🇳‌🇬‌ 🇦‌🇻‌🇪‌🇷‌🇦‌🇬‌🇪‌; 𝗩𝗪𝗔𝗣: 🇻‌🇴‌🇱‌🇺‌🇲‌🇪‌ 🇼‌🇪‌🇮‌🇬‌🇭‌🇹‌🇪‌🇩‌ 🇦‌🇻‌🇪‌🇷‌🇦‌🇬‌🇪‌ 🇵‌🇷‌🇮‌🇨‌🇪‌; 𝗩‌𝗭: 🇻‌🇪‌🇨‌🇹‌🇴‌🇷 🇿‌🇴‌🇳‌🇪; 𝗟𝗭: 🇱‌🇮‌🇶‌🇺‌🇮‌🇩‌🇮‌🇹‌🇾‌ 🇿‌🇴‌🇳‌🇪‌; 𝗙𝗜𝗕 𝗚𝗣: 🇫‌🇮‌🇧‌🇴‌🇳‌🇦‌🇨‌🇨‌🇮‌ 🇬‌🇴‌🇱‌🇩‌🇪‌🇳‌ 🇵‌🇴‌🇨‌🇰‌🇪‌🇹‌; 𝗙𝗜𝗕 𝗘𝗫: 🇫‌🇮‌🇧‌🇴‌🇳‌🇦‌🇨‌🇨‌🇮‌ 🇪‌🇽‌🇹‌🇪‌🇳‌🇸‌🇮‌🇴‌🇳‌; 𝗔𝗗𝗥: 🇦‌🇻‌🇪‌🇷‌🇦‌🇬‌🇪‌ 🇩‌🇦‌🇮‌🇱‌🇾‌ 🇷‌🇦‌🇳‌🇬‌🇪‌; 𝗔𝗪𝗥: 🇦‌🇻‌🇪‌🇷‌🇦‌🇬‌🇪‌ 🇼‌🇪‌🇪‌🇰‌🇱‌🇾‌ 🇷‌🇦‌🇳‌🇬‌🇪‌; 𝗣𝗦𝗬: 🇵‌🇸‌🇾‌🇨‌🇭‌🇴‌🇱‌🇴‌🇬‌🇮‌🇨‌🇦‌🇱‌; 𝗣𝗣: 🇵‌🇮‌🇻‌🇴‌🇹‌ 🇵‌🇴‌🇮‌🇳‌🇹‌; 𝗙𝗩‌𝗚: 🇫‌🇦‌🇮‌🇷‌ 🇻‌🇦‌🇱‌🇺‌🇪‌ 🇬‌🇦‌🇵‌; 𝗣𝗢𝗖: 🇵‌🇴‌🇮‌🇳‌🇹‌ 🇴‌🇫‌ 🇨‌🇴‌🇳‌🇹‌🇷‌🇴‌🇱‌; 𝗩𝗔𝗛: 🇻‌🇦‌🇱‌🇺‌🇪‌ 🇦‌🇷‌🇪‌🇦‌ 🇭‌🇮‌🇬‌🇭‌; 𝗩𝗔𝗟: 🇻‌🇦‌🇱‌🇺‌🇪‌ 🇦‌🇷‌🇪‌🇦‌ 🇱‌🇴‌🇼‌; LEGAL DISCLAIMER: Trade at your own responsibility, this is not financial advice.
by Luminous_Shade
4