short on usoilshort usoil now
target 70.64
stop lose 76.90
follow for more free signals and take care of the updates in this idea I will update if there any change in the structure
Good luck
Shorttrade
NVDA RISING WEDGE On the chart we can see the rising wedge pattern.
We expect that the price break down the upsloping support. If this happens we can open a short position.
Target is shown on the chart.
Calculating Lot Sizes Just Got EasyIn the world of forex trading, achieving consistent profitability requires not only sound strategy but also effective risk management. One crucial aspect of risk management is determining the appropriate lot size for each trade. In this blog post, we will explore the best methods for you to calculate lot size, emphasizing the use of tools available on TradingView, a popular trading platform.
Understanding Lot Size
Lot size refers to the volume of your trade and is measured in units of the base currency. It plays a significant role in determining the potential profit or loss of your trade. By selecting an appropriate lot size, you can maintain control over your risk exposure and align your trades with your overall trading strategy.
Utilizing TradingView Tools
TradingView offers you two valuable tools, the Short Position Tool and the Long Position Tool, which assist you in evaluating the true reward-to-risk ratio of your trades. These tools enable you to make informed decisions by considering the potential profit against the predefined risk. By assessing the reward-to-risk ratio, you can determine the viability of a trade and make adjustments as necessary.
Calculating Lot Size Using TradingView's Order Panel
To calculate your lot size on TradingView, you can leverage the platform's Order Panel feature. The Order Panel provides you with a convenient way to input your trade parameters and receive lot size recommendations based on your risk preferences and account balance. By using this built-in functionality, you can quickly determine the appropriate lot size for each trade without the need for complex manual calculations.
Lot Size Calculation Formula
Alternatively, you may choose to calculate your lot size manually using a straightforward formula. Here's the formula you can use:
(Account Balance * Risk Percentage) / Stop Loss in Pips = Lot size
$25000 * 1* = $250/30= 41,666 units or $4.16 per pip or 0.41 lot size
To utilize this formula, you need to know your account balance, the percentage of your account balance you are willing to risk on a trade, and the distance of your stop loss from the entry price, expressed in pips. By plugging in these values, you can derive the appropriate lot size that aligns with your risk management strategy.
Conclusion
Calculating lot size is an essential aspect of your forex trading journey that directly influences your risk management. Simplifying this process enables you to focus more on your strategy and execution.
TradingView offers you valuable tools such as the Short Position Tool and the Long Position Tool, which provide insights into the true reward-to-risk ratio of your trades. Additionally, TradingView's Order Panel streamlines the lot size calculation process.
Alternatively, you can utilize a simple formula to manually calculate your lot size. By adopting these methods, you can enhance your risk management practices, leading to improved trading outcomes.
Remember, successful trading involves comprehensive risk management, and calculating the appropriate lot size is a crucial step toward achieving long-term profitability.
Shaquan
Infosys going back to 1200?INFY has been in a bearish structure on the daily chart since March 23. It had gapped down to 1190 levels in April after a bad surprise in results. It has pulled back to the 1280 area which is the base of the gap. If selling pressure continues, a short position could be considered keeping the following levels in mind:
SHORT BELOW: 1254.25
STOP LOSS: 1279
TARGET 1: 1229.50
TARGET 2: 1204.75
Please do wait for at least a 15 min candle close below the "SHORT BELOW" level before initiating the trade.
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potential 3:1 $XAU short not a financial advice, just an idea based on my bias and interpretation of the market.
BTCUSDT Short 15 / 5 Minutes Scalping LevelsSince bitcoins is intend to get range bound and several times we are not able to identify it move for those times we can do some good quick scalping. As a trader everyone love to capture big move, however, what if there is no big move? Then lets capture small moves multiple times and reap the benefits of one big move.
Mask looks bearish hereBearish trend break, bearish divergences, what more can I say? Good RR.
$4 target
Short-Term Technical Analysis:(GOOGL) for the Next Few Weeks!In this trading idea, we delve into the current state of Google (GOOGL) and explore the indications of an overbought condition. With a careful examination of technical indicators, it becomes apparent that a sell-off may be imminent in the near term. The analysis suggests the possibility of Google entering a range-bound phase or even experiencing a continued downward trend. Traders and investors should pay close attention to key support levels as the stock navigates through the next zone, as they may provide valuable insights for potential entry or exit points
EURCAD I Pullback and more downside Welcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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30m short position in gold.We can have a short position in gold with broken structure by 2 entry price.
AUD/JPY Short PositionHere is my analysis for a potential short position I have taken on AUD/JPY.
The original analysis was spotted on the M15 chart showing a large RSI divergence, However the main analysis was done on H1 graph.
My Reasoning for this short is:
- Large RSI divergence on both M15 and H1 graph.
- Large Supply zone hit where a lot of retracements have been before.
- Strong start rejection in resistance zone.
- MACD crossover forming.
- Lower volume on MACD too.
I believe this will be a larger swing position with 2 positions personally taken both risking 1% combined.
Position 1:
Entry - 91.135
TP - 90.112
SL - 91.650
Position 2:
Entry - 91.134
TP - 89.735
SL - 91.854
Both positions holding a 2.00 roughly RR ratio with risking 1% of capital combined.
CELERUSDT 1D ChannelCeler token has broken its demand area downwards in the 1d time frame and has completed its pullback.
The technical is ready to take the sell trade 🟥
make money ✌️
BTCUSDT 4H After reaching the bottom of the channel and reacting, we see a growth of 3%
Consider the lower areas 💡
Make money ✌️
USDCAD Break or False Break? Still Need Confirmation To BreakoutStill seen if Supply is still strong to be penetrated, this allows the downside to still occur.
INJ BearishAfter big pumps i think we will see 18%+- dump. I m still waiting for retest on 1 day TF , however pattern is bearish , we got a new low and we need retest most important EMA !
Give me like if you agree !
$CVNA-Regular Divergence Indicates Potential Bearish OpportunityCarvana ( NYSE:CVNA ), the innovative online used car retailer, has recently shown signs of a regular bearish divergence on its chart, indicating a potential reversal in its current trend. With an identified entry, stop loss, and take profit points, we could be looking at a shorting opportunity here.
Technical Indicators:
The regular bearish divergence, circled in yellow on the chart, suggests a weakening in the current uptrend. This pattern is often a sign of a potential upcoming bearish phase, making it an opportunity for short sellers.
Trade Setup:
Here's a potential trading setup based on the current technical indicators:
- Entry Price: 12.56
- Stop Loss: 13.70
- Take Profit 1: 10.77
- Take Profit 2: 9.13
This setup offers a good risk to reward ratio. The stop loss is set above the recent swing high, limiting potential losses if the price unexpectedly rises. The two take profit points allow for managing the trade more efficiently, taking some profit at the first target and letting the rest run if the price continues to move favorably.
Options Play:
For those interested in options, a Put option expiring on May 19th with a strike price of $10 could be a potential play. This would gain value if NYSE:CVNA stock price decreases, aligning with the bearish divergence.
NYSE:CVNA current technical setup suggests a potential bearish opportunity. However, as always, it's essential to manage risk effectively and ensure the trade aligns with your overall trading strategy.
*Note: This analysis is for informational purposes only. Always do your own research and consult with a professional advisor before making investment decisions.*
EURUSD Potensial To Breakout?Market movements will be very significant in the US session later, it can be seen that there is a possibility that the EU will experience a breakout.
SBI SBI is now at its major resistance. We can expect a little downside from here to form a Cup and handle pattern. And it will boost itself to the upper side. As its technicals are very good at the moment.
ICICIBANK entering into CONSOLIDATIONICICI Bank entering into consolidation territory from the all time high levels amidst weak global and economic ques and breaking trendline supports indicating weakening trend.
NZDCHF - descending channel.The price is moving in a descending channel and has reached the upper part of the channel and a strong resistance level, so a bearish movement is expected.
Good trading!
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BTC COULD FALLOn a Day timeframe BTC is showing a double bottom on an inverted scale
We can probably see BTC around FWB:27K
