Supplyandemandzones
How To Analyze Any Chart From Scratch - Episode 6Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Today we are going to go over a practical example on USDCAD, but you can apply the same logic / strategy on any instrument.
Feel free to ask questions or request any instrument for the next episode.
You can find the previous episodes below "Related Ideas"
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
#ES Futures 06.08.22 Daily Overview with Levels to WatchYday I was short biased and thought we will have enough supply to flush Key Support at 4084.50-4077.25 but I did mention that if we do no break support and reach next level down then we can see a rotation back to 4103.25-4099.75 and 4123.75-4119.25, because of the short bias I did not think we will get back to Key Resistance at 4143.75-4137.50 and extend to next level up but I have been telling myself that we are in this 4170-4070 range since last week and will be that way until we see clear moves out with continuation. So far we are tightening up the range/coiling up looks like for next move out, we are getting lower highs and higher lows with tighter ranges since 27th which tells me we are just spending time cleaning up still and filling orders. Today we have our inventory long above our Key Resistance of 4143.75-4137.50 but also short from yesterdays close. Tricky spot here, we can see another day of tighter range if we do it should be between 4157 area below our 4168-4162.25 level and around our 4103.75-4099.75 area maybe 4090ish. Of course we watch level by level for order flow at those levels to see if we have enough to break and keep going or not so have to keep all possibilities open. On the upside holding above 4143.75-4137.50 can give us 4168-4162.25 that is our T+2 high and if we break it and extend then can see more buy ins and upper levels are 4191-4185.50 and next Key Resistance at 4020-4214.75 but T+2 high is important reference that must break in order to see continuation up. On the downside if we get under 4143.75-4137.50 then we can see 4123.75-4119.25 and 4103.25-4099.75 which is also our T+2 Low area that we will need to see break in order to get a chance at Key Support of 4084.50-4077.25 and lower levels, with T+2 High and T+2 Low being at the very spots we think that we might stall and tighten is another reason I think we might have a smaller range day again and tighten up more. Of any of those references break with volume then its a good sign for continuation because we have a week worth of inventory built up already, but might not happen until Thursday/Friday as we said we don't have any market moving events till then. Days like last few weeks its very important to not over trade and manage expectations in the trade.
Bitcoin changes VPOC to possible accumulationIt is interesting how the Bitcoin $BTCUSDT has changed the VPOC of the volume profile that it covers from the value zone that previously served as distribution, it is one of the conditions that should be met to consider that it may be an accumulation that could put the price back in the value area marked in the box. We will have to be vigilant in the coming days.
For now, in analysis of Order Flow in past activity, a great activity of passive buyers has been noted, absorbing all the sales in visits to key levels, demonstrating the great dominance that the bulls have in the low zones of the great weekly range.
ETHEREUM (ETH/USD): medium-term growth pending? As it can be inferred from the graphical representation, the price is currently sitting on a massive zone of support that nicely aligns with the lower boundary of the formed wedge. Although our overall bias remains bearish for ETH/USD, we are expecting for a middle-term correctional move to happen before we can go short again. We are setting our initial target at the $2500 zone of previous support later turned resistance.
Happy trading, everyone!
#ES Futures 5.19.22 Overview and Levels to WatchYesterday we had a big sell off, I had it market that we would visit our Key Support at 3976.50-3971.50 and if selling is strong then can see lower levels as well, did not expect to that much but we got what we got. Today we are set to open on a gap down and below T+2 low of Tuesday. Currently inventory is short and we found some buyers before our swing low and Key Support of 3853.25-3847.25, at the open I want to see if we get any correction and maybe try to fill the gap at around 3905 area, if we cant fill the gap and stay above our Key Resistance of 3892.25-3887.25 then on the downside my targets are 3878.75-3874.75, 3866.75-3863.25, Support at 3853.25-3847.25 if that breaks and then we have room to visit lower levels of 3839-3835.50, 3825.50-3820.25 and next support at 3811-3804.50, if the selling is strong as yday I expect us to test the bottom of this daily range we are in since we are currently at half point, those levels would be 3791.50-3787.75, 3780.50-3776.75 and KEY support at 3764.75-3758.25. On the upside holding above Key Support of 3892.25-3887.25 we can see a push to test 3901-3898, 3914.75-3910.75 and next Key Resistance at 3931.75-3927.25. Careful with longs today because we do expect margin call selling, will only be looking for longs if key levels hold and show support, other than that looking to short from Key levels down.
Short from HTF Supply?Nice rejection and BOS from HTF supply, waiting for another pullback after the last BOS on the LTF to get a tighter entry!
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Gold H4 - 10/05/2022The current stage of the global market is mostly a downtrend and Gold is also a victim of the recent decline.
At this point, it might slightly bounce before being sucked to $1800 where there is a lot of demand. Then, the price has a high chance to fluctuate around this point before making a new move. From my analysis, Gold on the bigger timeframe is still in a big uptrend
Remember to trade systematically.
Cheers
BITCOIN H1 - 13/05/2022Tough days for many traders. Luna has been halted since yesterday and there might be no way to recover.
Bitcoin, on the other hand, still proves to be the king of the hill. After long several days of a downtrend, we have seen some first signs of bullish. When the price was below $30000, a lot of money has been put into bitcoin
Wait for another pullback to make a long order (the best is around $29000). It might be a huge breakout
Remember to split your funds into multiple baskets.
Cheers
EURUSD H4 - 12/05/20221.052 is a daily resistance of EURUSD. We should expect a big bounce from the first touch but from the chart, there is no bounce at all. The accumulation zone has soon formed a descending flag , indicating that there will soon be a breakout. Right now is a good entry point for short but I'd wait until 1.054 to minimize the loss because it might be a false break .
Remember to trade systematically
Cheers.
GBPUSD: Pick Your Side 🚨Price continues to travel within a tight range.
The market makers have done a great job of setting up liquidity to be hunted during the US CPI data at 13:30 PM (GMT+1) today.
Both the supply and demand zones we have been working with over the last few days have become weaker and weaker.
The question is what side will go first?
We will need to study the London session to get a clear picture of where price is likely to travel during the news event - React don't predict.
What do you guys think? Let me know in the comment section below. 💬
BITCOIN H1 - 0́́́́́́9/05/2022" Never catch a falling knife " is what I was always been told since the day I first come to trade. In some scenarios, experts are capable to do so with advanced technical analysis and experience. But they are experts, not me. I am still on the journey to explore trading as well as myself.
As the picture above, bitcoin is in an extreme fear stage in which many people are skeptical about the future of bitcoin. Candles show extreme bearish while indicators all mark as Oversell . However, as far as I concern, cause everything is in the extreme stage, the reversal is likely to happen at any time from now with the strength at least half of the current bearish. " Buy on dips - Sell on rallies ", unless you are a scalper , there is no point in making any sell position with an expectation to have RR higher than 1:3. Personally, as a scalper, I will choose to observe for further information like reversal or an tiny uptrend on a smaller timeframe
Remember to manage your risk properly . Do not blindly enter any trade without being mindful of your current emotional status. Do not let the market drive you crazy. Be the warrior of yourself
Good luck
BITCOIN H4 - 0́́́́́́8/05/2022Suffering from both Major downtrend and Minor downtrend , the strong accumulation zone around $38750 has been broken. With the new breakout, the whole cryptocurrency market looks like a bloodbath
But nothing goes down forever (as things can not go up permanently), and there will be a good entry point for buyers. As you observe the chart, there is no buying signal, we are still in very very "bearish", at least for 1 or 2 days. We are at the key level where buyers are waiting for any significant signal to create a big rally. Thus, Short-term traders should continue to short but exit as soon as possible, Mid-term traders should consider waiting for a better long entry or a clear signal, Long-term traders (or HODLER) may think about selling at the next rally to exit loss
The situation is complicated for most people because many of you are new traders, new investors who are driven by the hype from the NTFs, Web3, and the fantasy of making fast and easy money. Always remember: no trade makes you rich after one night , therefore, control your greed. You think you are investors or traders, but in fact, you act like gamblers. I was once dreaming of being rich with cryptocurrency and trading, too arrogant to realize that in fact, I am the same as any addicted gambler who always looks at the chart, and let emotion slowly kill me and my funds. As a result, I end up feeling desperate when the crypto market reversed in 2018 .
As for newbies, changing a bad habit is hard, but it is evitable. I know it is hard to get rid of the bad feeling since you want to regain what you have lost, but the easiest way to regain is to accept it is what it is, and stay away from the screen. So, what should we do? Who am I without the market? Who do you want to be? There are hundreds of activities to do to recover your motivation and find out the best answer for yourself. After losing a lot of money, I realize how dumb and ignorant I was so I started to learn, to obtain more knowledge. I do not want to be a gambler anymore, I want to become a pro trader (which in fact I am still trying to achieve ). I also started to take care of my physical and mental health by running and meditation. With these new habits, I was capable to survive my most painful and depressing moment.
So, who do you choose to become?
Cheers
Solana H4 - 06/05/2022Solana is currently in the dip of the supply/demand zone where I suspect there will be a rally before anything can go lower. As bitcoin is suffering from a sell-off, the best idea is to wait for a good signal before entering a long position, though sometimes things can change rapidly because we are in the most sensitive zone
Observe all trading platforms, the current volume of all coins is significantly high. The market seems to be very "bustle" for short/mid-term traders but it is a nightmare for holders.
Remember to trade systematically, do not follow your heart. Any dip can go lower and lower and lower. If there is nothing to invest in or there is no appropriate entry, do not enter a trade. Save your time to observe and analyze for a deeper understanding. This is also a good time to the extent of your knowledge in any field instead of mourning for your lost money. I know it is hard to accept the truth but it is what it is. I was there when everything fell apart in 2018 . Tough time. I do not know whether things will get worsen or now so please be very very careful in managing your portfolio, and cut your loss if it is necessary. Holding too tight on something only makes you regret
Well, that is all I want to say.
Cheers
Shark Complete 🦈AUDUSD - Nice HTF Shark complete, multiple BOS, still bearish on the HTF, will be looking for sells back down to the D point before again looking for reversals to go long!
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
AUDJPY Swing Trade Supply And DemandHTF (higher timeframe)
-Price inside higher timeframe monthly supply.
-Higher timeframe monthly trend = uptrend so any shorts will be counter-trend. (confirmation needed)
LTF (lower Timeframe)
-Price broke daily upward trend lines
-Price removed the opposing pivot point demand zone .
-RBD Created (Rally Base Drop)
-JPY is the weakest currency + its counter-trend so small risk + quick TP is recommended or no trade.