Swingtrade
Gaps and How Markets Move In Contraction and ExpansionThere are several ways to trade gaps but first, there should be a solid understanding of what Gaps are and how they show up. Markets aren't that hard to read if we have some simple ways to see them that adhere to the principles of movement.
All markets move in contraction and expansion. A Gap is the sudden supply/demand imbalance that comes out of the contraction and shows up as the expansion. These expansions can even be used to measure how far the next expansion will go.
Start with a simple bar chart and erase everything else off the chart. Look and simply see the dense areas of contraction (Range). Then see the expansion (Gap), followed by another contraction.
Look for same-size contractions and expansion and you will start to see how organized price flow can be. It's no different than swings in that minor contractions and expansions make up the major contractions and expansions.
Shane
USDTHB Renewed Demand for USD In Short TermBased on previous Black Friday Sales, it is clear to me that Aha! Now I know #002 is the next pre-release initial investors buying in cheap period before the other market players catch on.
There is never certainty that this time round's Black Friday Sales will be a success, and if it happens to fail, I would exit for a small loss as usual, probably at 40% of my 1R risk. But it depends.
What I expect from here on is some insider buying and selling before international release of the USD which would drive demand upwards for the short term, where at the peak(hopefully) we would sell for a neat profit.
I am looking at this pair on the Daily, down to 4H, however, the train has departed on the 4H, and it is giving us a second chance at the toilet stop, which allowed us to hop on with little we have, hoping to sell what we have for a profit at townhall. The demand is not certain however, so we can only keep on trying. As long as we show up enough times, we will make a profit.
Just keep showing up, and cutting our losses quickly(to minimise internal damage) and cutting losses small(to prevent financial damage) and all will be good in the long run(hopefully).
1602SGT
25032024
EU50EUR LONGdemand for EU50EUR has been on a sustained up trend for several weeks now, and discounts has been offered miserly based on the 10EMA as seen on previous Black Friday Sales.
I have placed an Buy Limit near the 10EMA discounted zone, expecting the order to get triggered.
Since this trade is being read on the Daily Time Frame, the amount of time it would take for the trade to materialise would also be based on the Daily Time Frame. However, the SL is placed based on the 4H TF's levels because regardless of how much the Daily Time Frame moves, it is always based on a day to day basis movement. And placing stop loss on the 4H TF allows more details.
1746SGT
25032024
Swing trade for Bitcoin (BTC1!) - 1-hour chartBitcoin futures managed to fid support above $60k before snapping a 4-day losing streak. Bullish momentum increased from GETTEX:64K , and the move lower since appears to be corrective in nature against the strong rally from $64k.
A bullish outside / engulfing candle formed around the 50% retracement level and above Wednesday's daily TPO VAH time price opportunity, value area high).
The bias is now for a move higher towards SWB:69K , with the potential for a move to $70k. At which point we'll seek evidence of a bearish reversal, given price action clues on the weekly and daily charts.
Swing trade short for GBP/USDGBP/USD makes for a really interesting short setup.
It saw a strong rally and eventual false break / mini blow off top above the December high, before a sharp reversal lower on Monday. It fell back beneath the December high, and a rising wedge (bearish reversal during a down move) stalled at the 50% retracement level, just beneath the December high.
- The wedge projects a pattern around the 1.2723 low, making it a minimum price objective for bears.
- Also note the 61.8% Fib projection sits right on the high-volume node ~1.2723, making it another potential target for bears.
GBPJPY LONG Despite BOJ Intervention ThreatI am longing GBPJPY specifically because the currency Strength chart I found on TradingView says that GBP is currently the strongest currency on the Daily Time Frame.
I am expecting JPY to continue its decline despite Intervention by the BOJ, as past data has shown that it has been not effective at containing the weakening of YEN.
I might change my order to Market Buy instead of Limit Buy if I see that GBPJPY buying demand has resumed on the lower time frames, and it is tough for me to buy in at my expected discount price.
Shall see.
1027SGT
21032024
EURAUD Swing Trade 4H Time FrameThird trade I am taking today. Two other trades earlier today was closed for small loss of a total of -0.46R(NZDUSD) and maybe -0.56R(CADJPY).
I realised my folly. I should have checked the big boys level on the 4H and/or even also the Daily Time Frame as confirmation before entering my trades.
I need price to be at a discounted price zone on the Big Boys Level. Before I give the go ahead for myself to buy or sell. For others, they would do a top down analysis, which is to find setups that is near their Area Of Value on the big boys level. Actually, the theory is the same, regardless of if you do it from bottoms up or top down.
In the chart attached, it shows that the sellers are reluctant to give a discount now, and it might mean that the sellers are anticipating a wave of demand to come in soon, and that is why they are not willing to sell for a discount now, and instead, am stocking up before the demand surge.
Thats what I see now.
2047SGT
18032024
CADJPY LONG CADJPY trade I took is different from the NZDUSD LONG I took earlier on. CADJPY is a continuation of a "proven" product over "years" as marked in the chart.
Whereas NZDUSD is trying to "revolutionise" the "industry" by reversing the trend from short to long.
CADJPY to me is a quickie as marked, I will take two orders both for 1R TP. The first order is strictly 1R TP or less and the second order might be a trailing stop order depending on how the market progresses.
1505SGT
18032024
NZDUSD Long at "New Product Pre-Release Sale"Just long-ed NZDUSD when price came to a level where "The Market Remembers"(support area).
The final push towards the down side was strong, and then 10/20 Period Mean Price crossed over, signalling to me that the dynamics has changed. The 10 Period Mean Price is able to be higher than the 20 Period Mean Price, telling me that there's a shift in peoples wallets.
Take a look at the 4H Time Frame, and it will be apparent that we are trading based on the Big Boys "The Market Remembers" level.
We could ride the coat tail of the big boys, helping them gather the wood they need and selling it to them for a premium.
Don't be like rice farmers. They sow, they slog, and get paid pennies while the rice buyers aka big boys get fed and fat. Rather the rice rots than to sell it to the big boys.
But we are not mere farmers, so, we get to bargain with the big boys.
I will be exiting if I see that the demand is not there and unable to get my higher prices, aka, I will be cutting my losses quickly, instead of letting my cows die in the farm. Grade AAA beef too expensive, nah? ok, I will sell it to at a lower price, dont go to the next door farm, please.(You better watch out, bruh).
But if price is able to rise, and our premium wag-yu is in high demand, we will sell it to the highest bidder and provide dough for our fam.
Gotcha fam.
1304SGT
18032024
Tata Investment for Swing/Positional Tata Investment Prediction for Swing/ Posional Trading
You can enter into trade above Entry 1 level (2740) daily close basis or after Entry 2 3015 . There is a resistance 2890-3015 level. May retest the 2598 level.
SLs- 2590,2450
Targets- 3015,3290,3350,3640,3800,4260,4700,5165,5621,6000,…
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
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About Tata Investment –
Tata Investment Corp. Ltd. is a non-banking financial company, which engages in the business of investment in companies including group companies. It also offers investing in long-term investments such as equity shares and equity-related securities. The company was founded on March 5, 1937 and is headquartered in Mumbai, India.
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Swingtrade ATD.toOver the past two years ATD.to has traded seven times in a range bound in the upper side by the 50ema+8% (confirmed by an RSI of 70) and on the lower side by <50ema (confirmed by RSI below 40). It is again approaching the lower side of the range. A buy entry to the swing trade...
I have been swingtrading 1/3 of my long position
GITLAB: Elliott Waves and Reversals potentialGreetings, fellow investors! In this technical analysis, we explore the Elliott Wave patterns shaping the landscape of GitLab (NASDAQ: GITLAB). As of the current evaluation, the stock is positioned at a critical juncture, poised for the completion of wave 4, with a nuanced focus on the unfolding wave ((c)).
Wave 4 Overview:
Having traversed through waves 1, 2, and 3, GitLab now stands on the verge of concluding wave 4. This corrective phase sees the completion of both wave ((a)) and ((b)), entering the final leg of wave ((c)). Within this intricate phase, wave (i), (ii), (iii), and (iv) have successfully played out, setting the stage for the imminent completion of wave (v) within ((c)).
Key Support Levels:
Equality Extension: After achieving the equality of wave ((a)), GitLab has approached the extremes, reaching 1.618% of wave ((a)) in wave ((c)).
EMA Confluence: Notably, the 55-56 zones present a significant confluence, housing both the EMA 50 on the weekly timeframe, along with the EMA 200 & 100 on the daily timeframe.
Internal Wave Counts: Further reinforcing this critical level, internal wave counts align, adding weight to the potential reversal zone.
Anticipated Reversal and Targets:
With the confluence of technical factors at the 55-56 zones, there's a compelling case for a bullish reversal. A reversal from this level could offer a promising swing buy trade, signaling a northward trajectory to complete wave 5. This anticipated wave 5 has the potential to surpass the high of wave 3, pegged at 78+ levels.
Invalidation and Risk Management:
To safeguard against potential downside risks, a close below 55 is established as the invalidation level. This serves as a prudent measure to reevaluate the analysis in case of unexpected market movements.
Wave 5 Insights:
Wave 5, known for its impulse and directional strength, often exhibits a final burst of buying or selling pressure. Traders should be vigilant for signs of divergence, volume spikes, or other confirmatory signals as wave 5 unfolds, enhancing decision-making precision.
Remember, the market is dynamic, and risk management is paramount. This analysis is not financial advice but aims to provide an educational perspective on GitLab's potential future movements.
Happy Learnings!
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My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
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Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
AUD/USD The Aussie rose for a seventh day, which is statistically quite rate. That stat alone suggests the bullish sequence is in need of a break, and the technical might just agree.
A wide bearish pinbar formed around the 100 and 200-day EMAs whilst RSI(2) was overbought. From here, bears could seek to fade into retracements within Thursday's pinbar and initially target 0.6500 - a break beneath which brings the lows around 0.6450 into focus.