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Scalping

💹A trading opportunities - Short USDCAD retracementLook no further! Our analysis shows that USDCAD is currently in an uptrend in 4H or above timeframes. However, we’ve identified a potential opportunity for a short trade. Key Level 1.3480 has been broken, and we’re waiting for a retest on resistance levels (as marked as Sell limit levels on chart). If all goes well, we could see a touch on 1.3453 and gain some pips from this short trade. More take profit levels and the stop loss are marked on the chart too. 🤑🤑🤑 I hope this helps! Remember, trading is risky and always do your own research and analysis before making any trades. Good luck! 🤞
Short
by ICT_Trader_SB
2
🔥 💰A long trade on EURUSD! 📈"Hey traders! 👋 💰🔥🔥Are you looking for a new trading opportunity? Check out this exciting idea for a long trade on EURUSD! 📈 According to our analysis, EURUSD is currently in a downtrend in 4H or above timeframes. However, we’ve identified a potential opportunity for a long trade. There was a breakout of Key Level 1.0895, we are waiting for a retest on support levels (as marked as Buy limit levels on chart). If all goes well, we could see a little hit on the Swing high 1.0926 and gain some pips from this Long trade. More take profit levels and the Stop Loss are marked on chart too. Remember, this is just an idea and not a guarantee. Always do your own research and analysis before making any trades. Good luck! 🤞 If you found value in this post, please like and share it with your friends and fellow traders. Don’t forget to subscribe to our channel for more updates and ideas. Thank you so much!👋"
Long
by ICT_Trader_SB
1
US100 - LONG OPPORTUNITY / BREAKOUT 🚀💰CAPITALCOM:US100 - LONG OPPORTUNITY / BREAKOUT Fundamental: Nasdaq is currently up leading into earnings. Expecting continued growth and a lower PPI data result which will benefit the continued growth of the Nasdaq. Technical Analysis: Market is currently ranging/consolidating on the shorter timeframe until PPI data drops. This is expected on big new releases. Trend: Market is currently on a continued up-trend looking to make higher highs. Only long trades are valid. Strategy: Waiting for PPI data to drop before entering for breakout trade on the 3/5 minute timeframe to the long side. Stop loss just below previous low within the range. Risking 1% of the account size. Let me know if you agree and what your expectations are for the day. 🚀💰
CAPITALCOM:US100Long
by Ryan-L
Intraday Scalping Idea for GBPAUD: Key Levels and Buy LimitsHey traders! 👋 H1 ICT Long setup Let’s take a look at the GBPAUD H1 chart, which performed LG and Displacement + Choch after Asia AM session. Our AI screener shows the AUD is increasing momentum to the weak side, currently GBPAUD has strongest momentum amount AUD pairs. If you’re looking for an intraday scalping idea, here’s one for you: 🎯 Target on key levels: 1.9136 1.9118 1.9100 📉 Buy limit order levels: 1.9061 1.9048 1.9035 🛑 Stop loss: 1.9028 Remember, this is just an idea and not a guarantee. Always do your own research and analysis before making any trades. Good luck! 🤞
Long
by ICT_Trader_SB
Filecoin Fast Play- All in graphic - Short time Trading with Price Action. ----------------------------------------------------------- Trading Parts ----------------------------------------------------------- Don't buy now ! ----------------------------------------------------------- Method 1 : if Filecoin retrace - Buy Around 3$ - Sell Before 6$ ----------------------------------------------------------- Method 2 : if Filecoin Breakout - Buy After 6$ - Sell Before 9$ ----------------------------------------------------------- - Easy Right ? - i repeat again : DO NOT BUY NOW. Happy Tr4Ding !
KRAKEN:FILUSDLong
by thecryer
2
Trick to make your single MA strategy effectiveI’m going to show you a simple trick you can use to make your MA strategy effective. For most traders, identifying the trend is hard. Using a moving average might be the best solution because of its objectiveness. (because we are using pure math when using MAs) The common way to trade MAs is to buy if price is above the MA and to sell if price is below the MA. This is a basic strategy. Entries Now, I’m going to show you the tweak you can add to make it effective. Use the 30 period SMA this time. I HIGHLY recommend you use this strategy on high timeframes like 4H or Daily. Trading on a low timeframe chart might put the odds against you because of all the noise. Also, if there's a big gap messing with your entry or exit, wait for the market to stabilize and give you clearer signals. Patience is key. 👉 For a buy: Buy on the first close above the SMA whenever price crosses above it (unless this is steeply pointing downwards). This signal can also be used to add to your existing positions. 👉 For a sell: Sell on the first close below the SMA whenever price crosses below it (unless this is steeply pointing upwards). This signal can also be used to add to your existing position. Exits There are 2 exits you can use: Stoploss and condition-based exit. 👉 Buy exit 1. For a condition-based exit, there should be 2 closes below the MA. Find the 2 latest significant relative lows. Find the one which is lower. Exit when any of those 2 closes is below that lower one. What are relative lows? Relative lows are lows which have their left & right bar higher than them. Example of relative lows: Exit example: In the picture above, we can see a buy at the left of the chart. Then, we see 2 closes below the MA and the 2nd bar which closed below the MA broke the lowest significant relative low. 2. For the SL based exit, it is below the lowest low of the two latest relative lows. Example: 👉 Sell exit 1. For a condition-based exit, there should be 2 closes above the MA. Find the 2 latest significant relative highs. Find the one which is higher. Exit when any of those 2 closes is above that higher one. What are relative highs? Relative highs are highs which have their left & right bar lower than them. Example of relative highs: Exit example: In the picture above, we can see a sell at the left of the chart. Then, we see 2 closes above the MA and the 2nd bar which closed above the MA broke the highest significant relative high. 2. For the SL based exit, it is below the highest high of the two latest relative highs. Example: 👉 SL Tip: trail the stop based on the next significant relative lows/highs as the trend progresses. This locks in profits and provides more room for the trend to unfold. This strategy can be used on any type of MA with any period. The principles still remain the same. Use an Exponential MA or a Weighted MA for intraday trading because these MAs are more sensitive to recent price action. They give more importance to the most recent prices. This strategy works best in a trending market. This will fail in a sideway market. So, to lessen the chances of that happening, always use this strategy with proper price analysis. Use the Elliot Wave Theory or Smart Money Concepts or anything else to understand the context of the market. Then after you've understood the context of the market, you can perhaps use this strategy as an entry trigger. Remember, no strategy is foolproof. I encourage you to backtest and experiment this thoroughly. I hope you got value from this!
Education
by SamaaraDas
A guide to Profitable Scalping (why waste a price action)In the world of trading, many participants find themselves constantly waiting for the perfect confirmation for swing positions or entries, often missing out on the rapid movements that characterize financial markets. This is where the art of scalping comes into play, a strategy vastly different from swing trading, yet equally, if not more, compelling for those who master it because it offers way more opportunities to make money. In this blog post, I'll guide you through the essentials of becoming an effective scalper, focusing on market structure theory, the significance of Break of Structure (BOS), and the nuances that set scalping apart from swing trading. Understanding Market Structure Theory To excel in scalping, one must first be well-versed in market structure theory. This theory is the backbone of understanding how markets move and why they behave in certain patterns. It involves analyzing price highs and lows, trends, and ranges to predict future price movements. For a comprehensive understanding of market structure theory, this resource offers an in-depth explanation, it's not complete, but the best one freely available so I suggest you understand the content properly. www.youtube.com The Role of Break of Structure (BOS) A critical concept in scalping is the Break of Structure (BOS). When we observe a confirmed BOS to the upside or downside, it indicates a significant shift in market sentiment. The order block that caused this break becomes a focal point of interest. This is because, in the realm of scalping, these points often act as magnets for price, offering high-probability entry points. Capitalizing on Order Blocks Once a BOS is identified, scalpers must pay close attention to the order block that instigated this shift. When the price returns to this order block, a reaction is typically expected. This reaction is the bread and butter of scalping. Unlike swing traders who seek to capture larger market moves over extended periods, scalpers thrive in these quick, precise moments. Scalping vs. Swing Trading: A Different Focus The primary difference between scalping and swing trading lies in their respective focuses and timeframes. Swing trading involves holding positions for several days to weeks, aiming to profit from substantial price moves. Traders in this domain often focus on potential targets for a trade, analyzing broader market trends and economic factors. Conversely, scalping is a short-term strategy where trades last from a few minutes to hours. The focus here is not on the potential extent of a price move but, on the risk, -to-reward ratio. Scalpers typically aim for a 1 to 3 risk-reward ratio, meaning they risk one unit to gain three. This approach requires quick decision-making so it's much more involved than swing trading. Before we go on to see some examples following are the key things to remember to be effective in scalping To be an effective scalper, you need to: 1. Develop a proper Understanding of Market Structure 2. Identify High-Probability Order Blocks 3. Master Risk Management: Given the high-speed nature of scalping, managing risk is paramount. This involves setting strict stop-loss orders and having a clear risk-to-reward ratio for each trade. 4. Stay Disciplined and Agile: Scalping requires discipline to follow your trading plan and agility to adapt quickly to changing market conditions. Examples: Scalable OBs with results. This happened today: on SPX and NAS100 NAS100: SPX: How to pick an order block to trade for scalping: Entry for Scalping should be between 0.25 to 0.5 level inside the Order Block, you can use FIB tool to get these levels, this is highlighted in the Images above. 1. Do not go above 4h TF for this strategy. 2. Make sure Order block is caused a BOS 3. Notice the time frame of BOS, Pick the Order block in relation to the BOS timeframe. 4. Makes sure Prior to BOS the Order block resulted in FVG 5. Make sure the Order Block is not too big as it will result in greater risk, which I do not prefer. 6. If price does not hit your entry do not chase price, move on to next one. I want to emphasize here again , the goal of scalping is to capture the small move , not the whole move , so your focus should be one getting 2X or max 3X of your trade once , you do you get out and move on to next one , the good thing about this strategy is you can always find multiple assets where BOS is happening on anywhere from 1h to 4H TF. Finally, nothing in the world of trading is 100% so it's possible this may not work sometimes, which you should be okay with as long as it works more than 50% of the time. I n my experience it works more than 80% of the time. Conclusion Scalping is a dynamic and potentially lucrative trading strategy that requires a unique skill set, distinct from swing trading. By understanding market structure theory, focusing on order blocks following a BOS, and maintaining a disciplined approach to risk management, traders can exploit the rapid movements of the market for steady income. Remember, the key to successful scalping lies in quick, informed decisions and an unwavering commitment to your strategy. Like and Leave comment to this post to seek further clarifications if needed. Happy trading!
Education
by zakoraio
QQQ Simple uncovered Call Option Example Here QQQ is shown on a 15-minute NASDAQ:QQQ chart. I have set up and executed a call option on QQQ. This is a recap. The first thing is to plan for the entry area. To do this I set a fixed range for the volume profile for a couple of days before the trade. Since the trade was on Friday, December 1st, the volume profile began on Wednesday the 29th of November. While the volume profile may seem complex to look at, I only paid attention to three values- the POC line representing the price value of the highest amount of trades ( black line) the lower value of the high volume area ( green line) and the highest value of the high volume area ( red line). The thesis is that if a trade is taken at the green line with other confirmatory indications such as the fast hull moving average reversing from a downtrend and the RSI testing the oversold area, that bullish momentum will push the price to the POC line and perhaps higher if selling pressure from bear trades do not grow to meet that challenge. The target is the upper line of the boundary of the volume area while the strike price is the value closest to the POC line. In this example, the strike price was 390 and the trade was for 10 call options for $ 0.49 each for a total trade cost of $490. Although the calls expire on Monday December 4th, the trade was closed when stock price hit the target. The total trade duration was about 2 hours and 10 minutes. The close had an option price of $1.86 yielding $1860 from the inital $490 placed in the trade. The net profit of $ 1370 represents about $ 450 per hour for the time expended. The risk with a 20% stop loss is about $100 which is 1% of a $10,000 account. This is a very simple strategy that can be rinsed and repeated. It can be done with same day approach or a longer expiration like 5-10 days depending on a trader's appetite for reward relative to risk, time decay and uncertainties in the market relative to time.
NASDAQ:QQQLong
by AwesomeAvani
1000PEPE 4h daily analysis1. Volume is showing POC (point of control) and the price is balancing in the range with strong consolidation and indecision. 2. Currently we are in a range zone. Taking swing low and swing high - we are below 0.5 fib level, which means we are in discounted area. 3. If price breaks POC and fib 0.5 and confirms above we can see a move to fib 1 price level. By this move buy side liquidity wicks will be liquidated and potentially we can see relatively equal highs. 4. If no big move you can look for long at local fib swing at level of 0.618 where 4h imb either at 0.786 for stronger confirmation. In case support is broken, look for wicks to 1h imb below. If price action is making strong move down, first stop might be 9089 level either below imb area with order block breaker of the move up.
by MadMundus