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Scalping

XAUUSD Daily timeframe analysisLooking at the daily timeframe we have had our push up for the day and are at a very critical level where we have seen price reject on the daily timeframe 26 (yes twenty six) times in the past. This is significant because it means there is a high probability of price rejecting this level and moving down, however, should we see price close above this level it would indicate a strong chance of price continuing to the upside. Even as a scalper this level is key because it will help give the bias/overview for the remainder of the day and tomorrow.
OANDA:XAUUSD
by FriesianFX
XAUUSD Outlook 24/7/23 Major daily zone 🚨Good evening gold gang .. its finally upon us. The new week!! Im excited to get back to business. Gold is now approaching a daily structure point where we can either start climbing up to the 1993 key level as i talked about last week .. or we break the trend and start coming back down. DXY in pull back phase currently but looks like it can turn at anytime allowing gold to push up .. lets see! Reversal point on the chart at my algo level would be amazing if we can get it in london tomorrow .. if not, buys above break and retest style is the next best option. Sells tucked away below the trendline there incase we violently drop .. wait for retests before you shoot! A big news week too with red folders every day! so lets expect fireworks. We love it. A reminder to follow along if you are not already .. don't miss my updates during the day! catch you in london session my friends tommyXAU
OANDA:XAUUSDLong
by tommyXAU
9
EUR/USD Prediction on 14.07.2023Despite some fluctuations and occasional rallies, the Euro (EUR) remains in a bearish state. Several factors contribute to this ongoing bearishness in the EUR. Firstly, the economic performance of the Eurozone has been underwhelming. The region continues to face challenges such as high unemployment rates, sluggish growth, and structural issues within individual member states. These factors weigh on the overall confidence in the Euro, discouraging investors and contributing to a bearish sentiment. Secondly, political uncertainties within the Eurozone have further weakened the EUR. Disagreements and divisions among member states, particularly regarding fiscal policies and the future direction of the European Union, have created uncertainty and hindered the Euro's strength. Issues such as Brexit and the ongoing concerns surrounding Italy's debt situation have also added to the bearish sentiment. Additionally, the divergence in monetary policies between the European Central Bank (ECB) and other major central banks, such as the US Federal Reserve, has also had an impact. The ECB has maintained an accommodative monetary policy stance, with low interest rates and quantitative easing measures, while other central banks have started tightening their policies. This divergence creates a less favorable environment for the Euro, making it less attractive for investors seeking higher yields. Furthermore, global factors such as trade tensions and geopolitical risks also contribute to the Euro's bearishness. Uncertainty surrounding international trade relations, particularly between major economies like the United States and China, can lead to market volatility and risk aversion, which typically favors safe-haven currencies over the Euro. It is important to note that market dynamics can change quickly, and the Euro's performance is subject to various influences. However, as of now, the prevailing factors mentioned above suggest that the Euro remains in a bearish state. Investors and traders should carefully consider these factors and closely monitor the economic and political developments within the Eurozone to make informed decisions regarding the Euro.
by mazayafx
Bitcoin Breakout Today?On the hourly timeframe there are some small developments with bitcoin that are nonetheless deserving of one's attention. Just prior to the weekend, BTC put in a low, followed by a dramatic move to the downside which put in a lower low. However, if we look to the Relative Strength Index, we can see that a low was also put in but after that, a higher low was painted. This of course would be referred to as bullish divergence. Over the weekend, while trading volume is low, the price simply consolidated sideways but the question now is are we due for a move to the upside off of this divergence on the RSI, or was the consolidation it? The price around 30450 has been stubborn resistance as we have tested it 3 times now since the divergence was put in. This of course is bearish, but... levels, as they are tested over and over again, typically break and give way the more they are tested. And if this level were to finally give in, it would not be a surprise to see a run to 30833 occur. This would be a nice target area for profit taking. But if 30450 can flip as support theres reason to believe that an attempt to push even higher would be in the cards. Keep an eye on this as the new trading week gets underway today. We have been ranging sideways for a while now but theres no reason one cannot capitalize on the opportunities that present themselves until this range is finally broken.
COINBASE:BTCUSDLong
by TradeVibez
5 Trades this week & +2.40% 😆 / Part 1In this Weekly Review I breakdown my thought process for my first 4 trades of the week. The video was cut short due to a 20 Minutes max length for tradingview. I just learned about this since I am new to video analyses on tradingview. I will be uploading the Part 2 for my final (5th) trade of the week at some point this weekend. If you enjoyed the video, please leave a rocket or a comment 😁 I will be making more video analysis for the channel as I have been enjoying them myself. Anyways have a nice weekend.
Education
by ShrewdCatfx
GOLD buyXAUUSD aka Gold we will know have multi time frame anylsis and we start from daily TF in which gold is going to complete a falling wedge and has taken all the Sell orders on daily time frame through a fake out candle and now it will reach its buy zone soon 2- now as we see on H4 time frame on 1924 level it has given a beautiful Bearish engulfing which gives us a short term signal to short this commodity to our level at 1913 so we have take a scalp trade from our M15 bearish Engulfing zone 3- now on Daily time frame we have a buy confluance as gold is showing us rejecton and 200EMA also showing a buy side potential
OANDA:XAUUSDLong
by Wakeel_Saab
1
🕰️ The 4 Pillars of Trading Timeframes🔷Scalping: Scalping is a trading strategy that involves making multiple quick trades within a short time frame, typically holding positions for just a few minutes. Traders who employ this strategy are referred to as scalpers. The main objective of scalping is to capitalize on small price movements and accumulate small profits that can add up over time. When engaging in scalping, traders focus on short-term charts, such as 1m,5m,15m charts, to identify rapid price fluctuations. They often use technical analysis such as order flow and volume , to spot entry and exit points. The key is to identify highly liquid instruments with tight bid-ask spreads and sufficient volatility. Scalpers must closely monitor their trades and maintain discipline, as the rapid pace of trading can be mentally demanding. Risk management is crucial in scalping and it is advised towards experienced traders that backtest their strategy before taking on scalping. 🔷Day Trading: Day trading involves executing trades within a single trading day, with all positions closed before the market closes. Day traders aim to profit from intraday price fluctuations and take advantage of short-term trends. This style of trading requires active participation and constant monitoring of the market. Day traders typically use charts with shorter time frames, such as 15m,1h,4h to identify patterns and trends. 🔷Swing Trading: Swing trading is a medium-term trading strategy that aims to capture price movements over a few days to several weeks. Swing traders seek to profit from short-term price fluctuations within the context of a larger trend. This approach allows traders to participate in more significant market moves while avoiding the need for constant monitoring. Swing traders typically use 1H,5h or daily charts to identify potential trade setups. They focus on technical analysis tools, such as trendlines, chart patterns, and indicators like moving averages or the Relative Strength Index (RSI). The objective is to enter positions when there is a high probability of a trend reversal or continuation. 🔷Positional Trading: Positional trading, also known as long-term trading or investing, involves holding positions for weeks, months, or even years. Position traders aim to capture larger market trends and ride significant price movements. They often base their decisions on fundamental analysis, considering factors like macroeconomic data, company financials, and market trends. Position traders primarily use higher time frame charts, such as weekly or monthly charts, to identify long-term trends. They rely on fundamental indicators, news events, and market sentiment to make informed trading decisions. 👤 @QuantVue 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
5
A Volatile Climax in PricePrice did a break and retest above our 1.0918 Daily S/R Zone during Asian trading today and has increased 58 pips since then. The Daily candle reached within 9 pips of the 1.0986 Daily resistance zone formed last week. This return back to the topside of what looks to be a range forming now. Top of the range being 1.0986 Daily resistance zone and 1.08908 Daily support Zone. The NY 4hr candle dipped back to around 1.094 Weekly resistance level where it found support. 1.09435 is also a 1Hr support Zone that was created with the New York session 1Hr candle. 2 4 Hour candles have closed above 1.0957 4hr Zone. Maybe I'm just trading what I think but I prefer selling at these prices. My thoughts are that we are towards to the topside of what could now be a range as previously mentioned on the 4hr timeframe .
Short
by ShrewdCatfx
What Is "Scalping" In ForexHello Traders, We thought that we'd make a little guide to those of you who are looking at scalping as a possible trading strategy. This educational idea will give you a few things to consider and we hope that it will inform you of what you can expect from being a scalper. Our Take: Personally for us scalping isn’t our style and we wouldn’t recommend it to anyone but some people absolutely love it and are drawn into this type of trading because of the huge profit potential which is why we thought that we’d make this educational guide so that if you want to become a scalper then you know what you’re getting yourself into. Scalping can be a great way to trade but if you want to break out of that 9-5 job and not sit at a computer all day then scalping definitely isn’t your style. The reward you get from being a scalper comes with an equal risk and this is something a lot of people overlook. A Message From Us: We hope that you liked our guide and be sure to look out for our next educational guide where we’ll go over more lessons in regards to trading. If you have anything you want us to cover then please do contact us and we’ll see what we can do. We’d love it if you could show your appreciation if you liked this post and we wish you the best. Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
FOREXCOM:XAUUSDEducation
by jpeacockfx
4