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Scalptrading

USDZAR Intraday/ScalpYour entry criteria is also your reason for exit. Luckily, our TP was hit and immediately, started forming a falling correction. If this forms in a downtrend, 90% of the time, price is going to reverse. My second confluence is the divergence on my RSI. My third confluence is the 8 & 14 EMA cross over on the M15. Another confluence is the trendline violation. So all in all we had 4 confluences supporting the entry. Another bias here is, the setup is exactly similar to my previously posted setup on Gold. Risk:Reward Ratio is 1:3 *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial. #Trade_Like_A_Magnate
Long
by Magnatrio
4
gbpusd 02.08.21this is a very short trade, more of a scalp. yes, price could still be bullish and this previous bear move was a correction and price could be ready to push higher as we can see, last week price broke out and pushed lower for a retest which it has rejected to go lower for now. looking at the smaller timeframes we can say price was ranging and the previous h4 candle gave us a breakout. if price can push a bit higher from here we should see our scalp complete. this view should not cloud us from the bearish view also.
Long
by fxqueen98
ETH USDT : Buy Trade setup @ 2597Hey Guys, hope you are doing well. Welcome to today's potential trade setup as a part of the "Aglogains - Daily Trade series". This is a short-term scalping trade. In the 15 minute time frame. We have seen a pullback to the previous short term resistance level of 2590 - 2600 levels from the recent highs of 2630 -2640 I have an entry after a double bottom was formed, followed by a bullish candle, fulfilling our entry criteria. Entry - 2597 SL - 2560 (37 points) TP - 2649 (52 points) Risk to Reward - 1 : 1.4 Will keep you posted on the progress.
Long
by Nihanth_Aglogains
GBPUSD Approaching the Zone Update(11.5.21)Sniper Entry Comming 😇😇😇😊 Due to the Previous analysis of GBPUSD that expecting to go long after the hidden gap filed and restest of the Range Resistance which becoming support which is approaching today as I analyzed! The News of US inflation Helps the pair to complete its correction. The Monthly, weekly, daily, and H4 market structure is Bullish of the RSi and MACD. Now we can take long from here, Entry Should be 1.39850 with the target of 1.43500 to new monthly high and Sl around 1.39100 As I m just started using the trading view so u r likes, give a tip n follow will improve the next step thanks to all We help all the traders who r not profitable and who had to face lots of problems with their financial statement and income. We know cause we were there at some point!
Long
by liveschangerfx4u
GBPUSD Long After Retest of Demand and SupportAs seen on the Chart of GBPUSD, yesterday GBP strength was quite strong yesterday on all GBP pairs. As we can see the market has Ranging for a long time which breakout and tested the weekly supply zone.HNS pattern given on H4 Time frame, I'm expecting to go long after the hidden gap filed and restest of the Range Resistance which becoming support and combined with Rally base Rally gives me a strong zone to go long. Entry Should be 1.39800 with the target of 1.43500 to new monthly high and Sl around 1.39100 As I m just started using the trading view so u r likes, give a tip n follow will improve the next step thanks to all
Long
by liveschangerfx4u
XRP $1 🎉CONGRATULATIONS HODLERS !! To all the 💎🖐 here's to you ! Wow, what a ride. I started out with charting, uncertain about what all the technicalities mean, learnt, then I focused on fundamentals, but then questioned those fundamentals. Looking back, there are a few things I have learned during this crazy unpredictable cycle: 1) Don't trust the news "XRP is up because of this, XRP might drop because of that..." BS. My golden rule: If the reason comes AFTER the price action, it's both useless and probably bs. 2) Trust your gut Now this is a tricky one, because maybe your gut isn't as reliable. But you would know from your past experiences weather or not you have a reliable gut. If you don't, time to start exploring it. 3) Don't freak out Maybe you bought at 70c and then XRP went back to 40c... No need to sell at a loss. This is not trading advice, let me share with you what I do. I'm talking about NO LEVERAGE trading. Personally, I like to adjust my SL so that they are in profit. For example, If I bought at 80c, I'm not going to set a SL for 75c. Instead, if the price moves down, I will just patiently wait and open lower positions. This is ideal if you use DOLLAR COST AVERAGING, meaning you don't spend your entire capital on one position. So lets imagine the price now goes to 40c. Now because you still have free capital, you can continue opening multiple lower positions spread out over the range. And when XRP moves back to 80c, and then lets say 85c, you have patiently waited out your higher position that you can now sell for a profit, or set a SL within a profit margin. This style is somewhat swing trading and somewhat hodling. Note that this style DOES NOT WORK in price discovery phase. 4) Don't be afraid to BUY Considering whether or not the price is in price discovery, don't be afraid to buy. It can be intimidating to see tat the price has gone down lets say 10%,20% or even 50%. Once again, DOLLAR COST AVERAGE. Multiple positions, multiple profit ranges. 5) Have a GOAL Why are you buying? There are no wrong answers. Even "gettin rich quick" is cool. But then make sure to adjust your trading STYLE according to your goal. Once again not financial advice, but let's look at 2 scenarios: A: Say you have looked into buying coin 'x' because it's hyped and you think it may go x100. Nothing wrong. BUT this is a SWING TRADE. You cannot SCALPT that trade. In other words, you have to buy low, set a target, and sell high. You cannot, with the goal in mind, buy low, sell everything if it's just +5%, then buy again and sell again etc. That doesn't work with your GOAL. B: Say you looked into buying coin 'x' because you believe this will create generational wealth. That's great. But now the coin x5 and it's tempting to swing. NO. You have to HODL that coin. Unless you changed your mind about the fundamentals, stick to your GOAL. Constantly changing your goal and changing your style will result in CHAOS. There is no growth and no development in chaos. You can have MULTIPLE GOALS for MULTIPLE COINS. But have a plan and trade accordingly. I don't personally like the term " Day Trading". Because you will end up making trades just to make "a trade a day" and perhaps if you have waited a week, your profits are much higher. Or lower. But personally, I think trying to force a trade a day is unnecessary. FOOTNOTE I have no price target for XRP, it is extremely unpredictable and volatile. But what you can remember is that it is NOT at ATH, meaning it is NOT in price discovery. Also remember tat XRP is NOTORIOUS FOR PUMP AND DUMP. Yes maybe this time is different. But, that statement has proven to e true for a 100% of cases. So that is what you can rely on until proven otherwise. How well this range holds will be a great test for XRP. _________________________________________________________ Best Regards DYO BlockTechEv
BITSTAMP:XRPUSD
by BlockTechEv
5
macro breakout trading in accumulation/redistribution phasemacro breakout trading in accumulation/redistribution phase simply traffic light system Yellow = fast profitable/ Best risk to reward Payday Trade Green = Long/Buy or take profit Amber = Risky trading area/choppy price action/ 50/50 Red = Short/Sell or take profit ..................figures for targets are always color coded on the price scale to your right on chart............................. Trader safe, always use as stop and enjoy your bank holiday money
Long
by neeco666
2