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Tradeplan

Your only as good as the assets you tradeThis is just a short blog post of a much longer idea! In a recent post we spoke about focusing only on assets that are in play for the day, even tough with day trading you can still make solid profits, especially on the tick charts, trading ranges, a trend will generate you much bigger and more importantly, easier profits. This is why it is vital to focus on assets which could generate momentum, because at the end of the day in day trading you are only as good as the assets you trade. Below you will find a chart of NASDAQ (left) and a chart of XAUUSD (right), one has moved significantly upwards while one was stuck in a whipsaw range which ended up breaking to the down side towards the end of the day on December 31st. Choosing to trade XAUUSD would be much easier to make a profit.
OANDA:XAUUSDEducation
by PrimedGroup
3
XAUUSD DECISIVE AREA This pair is on a decisive area now. Such area is very volatile to trade but at the same time it could be an opportunity also for traders. As per DOW its making LL LH and in order to break this it has to give closing above the previous LH which is around 1790 at the same time it could retrace back to 1763 and then targeting towards 1750 for new LL. The Ichimoku red cloud is still above while lagging span below which is favoring the bears . However as per Renko strategy with traditional settings it indicates a bullish move along with breaking a parallel bearish channel towards upward, one brick already formed above the channel. On Daryl Guppy both investors and short term traders have merged in between which again means a decisive area as both the long and short MA's are colliding. For hardcore traders it could potentially be a nice hedging setup and they can scalp as well. New comers kindly avoid this area. On daily- kinda inverse double top is formed also On weekly bullish flag is formed On monthly Cup and handle is formed For those who missed last week trades they could follow both the trade plans i have shared . Trade with discipline and without emotions. Get yourself numb of the gossips :) For $1000 account use 0.02 - 0.5 lots and make sure to trail the SL always to recover losses and maximize the gains. Have a safe trade ;)
OANDA:XAUUSD
by MilestoneInvestments
2
EURUSD Trade Plan for LongOANDA:EURUSD Bullish indications 1- HH & HL 2- Bullish Engulfer 3- Bounced from weekly support at 1.11934 4- Retracement from 0.5 Fib level 5- ABCD pattern is in formation Plan A below is given for long. Plan A Buy at 1.12929 Stop loss 1.12547 Target1 1.13677 Target 2 1.14252 But for plan B, wait for confirmation of continuation of downward trend Please comment below for any suggestion, follow and support the idea if you like it. Thanks and good luck for trade
Long
by yousufrz
USDCAD Bearish Outlook OANDA:USDCAD Bearish Indications Hanging man followed by shooting star in Resistance area at 1.27890, Possible Double top from resistance area. Bearish Divergence is seen. Bullish indications Higher high & higher low. Broke 1W resistance above 1.27516. May continue bullish trend only if sustained above this area So I am long biased with two trading plans mentioned on charts Please comment for any suggestion, follow and support the idea if you like it. Thanks and Good luck for trade
Short
by yousufrz
2
SANDUSDT Trade PlansBINANCE:SANDUSDT Two trade plans are presented here : Long if sustained above 0.618 Fib level Short if close below 0.236 Fib level Plan A Buy above 7.4666 Stop loss 6.7199 Target 1 8.5439 Target 2 10.2196 Buy at HL 7.1239 Stop loss 6.7199 Target1 7.9441 Target 2 8.5439 Plan B Sell below 6.6832 Stop loss 7.2830 Target 1 6.0833 Target 2 5.2264 Sell below 6.3404 Stop loss 6.8056 Target 1 5.2264 Target 2 4.8591 Please comment below for any suggestion, follow and support the idea if you like it. Thanks and Good Luck for trade
by yousufrz
CHFJPY Trend Analysis OANDA:CHFJPY Bullish Indications Bullish piercing candle at Major 1D Support area at 122.566, Pair has been retraced to 0.382 Fib level on 4H. Bullish Divergence is seen on 1H RSI(14). This pair has been bullish 80% of the time in month of December for last 15 years. Daily timeframe shows bearish trend, which has been supported from current price level. I am long biased. However, two plans are given for either direction. Plan A Buy at 122.743 with Stop loss 122.397, Target 1 = 123.186, Target 2 = 123.457, R/R ratio 1.3 Plan B Sell if closed below 122.566, Stop Loss 123.045, Target 1 = 121.567, Target 2 = 120.568 Please comment below for any suggestion, follow and support if you like the idea. Thanks and Good luck for trade
Long
by yousufrz