Technicals
my day trade plan on NETFLEX.Disclaimer: I do not give solicitation to buy or short
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I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated
Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when to buy or when not to buy. Technical Trading help in predicting price movements and have a risk management. Stock trading is like any other business and must be taken seriously. Lot of people lose money because they don't educate themselves and end up placing trades blindly which results in big losses
Stock charts is the major component day traders, swing traders, core traders use. Times and technology has changed and if you cannot adapt to the new methods , there is a high chance you will be left behind
Millions of shares are traded now using desktop , laptop or gadgets and stock charts is what majority of traders look at.
So , if you want to be a daytrader , swingtrader or coretrader learn how to read and interpret charts. There are lot of great books out there like Thomas Bulkowski's Encyclopedia of chart patterns and Steve Nison Japanese Candlesticks interpretation
Having someone experienced can also cut the learning curve time for a new trader. Trading does take time and with discipline , hardwork , dedication and most importantly Passion for this needs to be there.
Educational Series: Trading with Boxes (Part 1)Boxes are drawn on the chart of any timeframe, depending on the trader's preference.
Typically, drawn on the
- H1 timeframe identifies short-term, weekly trend and interim support & resistance levels
- H4 timeframe identifies medium-term, monthly trend and key support & resistance levels
- Daily timeframe identifies longer-term trend and major support & resistance levels.
These boxes help traders identify momentum and is used as a trend-following indicator. However, these boxes do not predict or anticipate a move. Instead, it reacts to the price movement.
Drawing the Boxes
1) Identify the Highs & Lows of the period (Day/Week/Month)
2) Draw a box encompassing the Highs & Lows with a box
Basically, on the H1 chart, you would have drawn a daily candle (without tails or shadows).
Support & Resistance levels with Boxes
When the lows of 2 boxes align, this can form a support level.
In another example, if a series of boxes form a high within the same area, this could form a resistance area.
GBPUSD Short Thesis The GBPUSD is a no-brainer to sell currently, the U.K economy is a joke and the FED is pushing hikes which are leading up to another suspected bullish rally on the USD.
We are currently working on our plan of attack for this trade. As the price has broken below strong weekly support, in terms of technicals it would make sense for the price to re-test as resistance, however, due to the current state of the U.K and the FED, it appears it is likely enough selling pressure for price to have a clean break and continue bearish.
We will be waiting for today's daily candle to close. We need to see an engulfing bearish candle in order for us to still see this as a valid position. 📉
Our Take Profit is at untouched support since 1985. This is likely to act as a magnet in this case.
*Remember, don’t rush, let price meet YOUR requirements*
Look at my other trading ideas
Comment your opinion below (every comment/question gets answered)
BITCOINS BOTTOMS IN SINCE JULY 4TH ! BULLMARKET WILL START...After we break and candle close above this huge falling wedge which is bullish that we have been in for over a year that's the big news on the day so on smaller macro we are in a small rising wedge which is bearish , i know everyone is calling bottoms to there best educated guess but mine is strait technical based on the RSI going back to 2011 every time the rsi crossed below the 30 on the weekly TF time frame we were in the bottom going back now 3 bull/bear 4 year cycles. so we crossed the rsi below 30 on July 4th 2022 so once we break the small rising wedge and we retest the bottom we put in perfectly then I see us next going up to break the huge falling wedge and u know the target on wedges are at the top or bottom of wedge so this means we will start pumping to our all time high in the next few months after that break because that's where this falling wedge started and I think after our next bitcoin halving our new ATH all time high will be next approx. between 180K and 250K based on math and past cycles, what do u guys think? u can follow and if I'm right can go back and like and tell everyone i picked the bottom 100% correct before anyone else lol
NASDAQ100 - CHART ANALYSIS Price has broken the descending channel and is likely to find resistance on the top of the newly formed ascending channel. We can then look out for the retest on the back side of the descending channel. This is where we can expect to take our swing trades for the LONG.
GBP/USDGU has being rallying down since MAY 2021. It has reach a daily order block, after a bullish BOS on the weekly TF. On the 4H TF structure broke to the downside ( within Jun - Jul), and mitigated ( from Jul - Aug). The second mitigation has taken place on the 1H TF, exhibiting our rules of entry(BOS, 1st Mitigation with LQ grab, 2nd mitigation as trigger entry).
$TUP food storage 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team entered Tupperware Brands Corporation $TUP today at $7 per share. Our first take profit is set at $8.50. We also have a stop loss at $6.70
OUR ENTRY: $7
FIRST TAKE PROFIT: $8.50
STOP LOSS: $6.70
If you want to see more, please like and follow us @SimplyShowMeTheMoney
EURCHF - SHORTAscending channel formed on the daily was broken, price action has could not be contained so has broken support zone. Lower lows and lower highs are on the horizon. Be cautious as this pair could be quite volatile. Tight stops and let winners run!
Contact me for a copy of my Forex Route for Investors Book
Happy Charting!
Nas100 Buy?Nas100 created a "W" pattern on the lower timeframe after a major sell off at the bell.
PPI came out with a negative so the market sold after a 100 point move to the upside post news report drop.
It reversed at the previous NY session low and bought up 142 points to the upside.
Based off the previous PPI outcome, I am still holding for a 300 point move to the upside.
Thank you for reading, always use proper risk management when trading! I personally never risk more than 1% per trading session.
GBP/USD ready for another leg to the downside?...There seems to be an everlasting weakness for the pound as the lacklustre story continues. As for the technical side, we are looking bearish here on the GBP/USD with potential for the next leg to the downside to occur. Overall from a weekly perspective we are looking ahead at 1.1800 being a long term downside target.
EUR/JPY downside leg looking prominent...After analysing the EUR/JPY we can see a potential short opportunity lining up. 136.50 could provide as a fantastic area to look for a bounce on this 4-hour descending trendline.
We have some EUR fundamentals heading into this afternoon. Ultimately the downside targets are 131.50 then 130.50. If we get this movement to play out, it will now likely occur over next week.
Gold Longs On 1H close about 1898 Hope all is well,
Sharing a technical analysis on GOLD as an overview my overall bias is long. Please be sure to always use proper risk management. We are looking for targets of 1913.5 depending on closure 1930 before a major sell off again depending on how price reacts when we reach the higher targets.
Gold must close 1H above 1898 for continuation to the upside. 15M TL is valid waiting for break and retest however I did enter longs already with stops at 1895.4
If you like the idea be sure to follow for more trade setups.
I would love to build a community of professional traders strictly watching gold .
I do dable occasionally into gold GJ but other than that you too should be focusing on mastering one single pair or indices.
EUR/USD heading towards 1.0500...After reviewing the strength building on the dollar, it is clear to see the strong trends forming across the major currency pairs.
1.0500 is the next weekly/monthly directional target to the downside sitting almost 400 pips away.
We have a small amount of US and EU news heading into the final stages of this week. However we are looking at long term possible strong movements into fresh yearly lows for this pair.
POSSIBLE FOR BUYSON THE US30. BUT WATCH OUT FOR THE M.MAKERSwhat's observable here is that this area is quite sensitive of the structure available in this zone. we have 2 structures of which both could be easily manipulated. in seeking the mounts of liquidity of these areas . i,e for the great push (bull run), which is still the bias of the market . but the market makers still need a huge liquidity for this. QN is, What would they do ?
trick the 95% of the retailers to sell , against their main intentions of buying . which is a way to formulate the need of sellers if they intend to buy . because genuinely we need a seller if the product you need to buy.
BE KEEN TO WATCH THE FRST 5 SYMBOLS THAT ARE COMPRISED IN THE US30. :-)
DOTETH skimming the bottomDOT ETH pair is trading at the lowest levels going back to the beginning of the pairing. Up only, baby!
DISCLAIMER: I am not a financial advisor, this is not financial advice; do your own research; brush your teeth everyday; change your oil every 3k-5k miles.