FILUSDT - Bearish StrategyAccording to chart analysis, there are two plan that can be executed based on your instinct.
Tradeplan
AUD - A break to either direction!Choppy week it has been but we do have NFP tomorrow that could shake up the market to give further guidance
A break to either direction for $AUD
Trade Journal
(Be careful of month end flows)
When a trade is reverses fortune and you wonder what went wrongLets say you have a trade opened & its profitable. all going to plan. then you get greedy. over boastful of your legendary trading skills. you ignore the original trade plan, you devise a better plan to accumulate more profit. you dont respect your previous profit Targets, & you keep the trade running, eventually you becoming forgetful of the market nature & trading. The market turns against you & you are left wondering what went wrong. Has this type of trade ever happened to you? it happened to me
NZDCADMaking LL LH on Daily and HH HL on 4H . Simple trade plans shared on chart itself for safest entry and exit or Hedge.
Trade with discipline. Cheers
GOLD Intraday SHORT FORECASTThere is a 8:30 am Red Folder News Release; I will wait for the price reaction after and engage. Hopefully It trades higher to a premium and prints my entry/trade model for me to execute. If not - I will step away.
Discipline Trade is Happy trading
MaradonaCapital
Do we pick a bottom? Trade Plan Falling Wedge 21 JanEnvironment
* Macro: Downtrend (falling wedge, short resistance, look for test of support of wedge.
* Swing: Eyeing daily support for possible bounce. Look for continuation and signs of weakness, we might get a bounce now some leverage is flushed out and whales filled their belly. This could mean the whales that missed out still need a small nudge down and we consolidate for a few days or we go back up. Don't rule out dead-cat bounce to top of falling wedge.
* Day: possible reversal (look for day longs when approaching lower levels on divergence, VPFR & golden ratio, or continuation signs)
* Scalping: bull flags on lower timeframes with MA and vwap 1-12m
Top down analysis: 07:20 UTC+1
* D: Money Flow deep in the red, RSI's low, VWAP down, Stocastic about to cross, volume rising. Divergence possible, but unconfirmed. Bullish outlook, bounce on important daily level and close to macro falling wedge
* 12h: same story as D, Bullish outlook
* 6h: vwap pointing up, after big dump divergence is stil valid but needs a push up, RSI stronger than yesterday bouncing very low below 10 , volume spiked on the way down, potentially a flush out of weaker hands, neutral outlook, we have to hold daily support or HVN below.
* 4h: very big divergence showing, we need big downside continuation to not get a juicy div. Q: Will it be dead cat or continue? Work both sides of the book.
* 2h: momentum curving for a div 2h bounce, bull volume clearly defending bears, vwap and money flow too RSI very low
* 1h: no div but very low RSI, VWAP working its way up, green dot selling pressure has stopped
* 3-24m: most lower timeframe divergences have played out. I’m looking for one more to get some big swing positions. A bounce back on the daily or a bit below on the HVN would pick a great bottom for now!
Cryptos under pressure showing good some short setupsLooking at the lower timeframe 30min charts, a lot of short setups are lining up into my favoured cryptocurrencies. Momentum is rolling over and price is set to squeeze out some recent buyers to move lower. Watch the video for my reasoning behind the short setups and how I am looking to attack the price action.
Thanks for watching and please take some time to check out the website in my profile.
3 things no one wants to accept (Discipline development)Hey all! Happy Sunday.
I did this video already but it failed to upload so here it is again.
In this video I focus on helping traders create discipline in their trading, discipline is a vital component for success, so I really hope this video helps you guys find it in your trading and life!
Good luck with the new trading week!
USDMXNIt has stopped making LLL LH and have tested an major trend line.
for further confirmations better stick to trade plan shared for much safer entry and exit. CHEERS ;)
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.
EURJPYIts making HH HL on 4h and 1H. there are some bearish divergence noticed but we follow simplicity as DOW.
Follow trade plan with discipline.
XAUUSD SCALPINGIts making HH HL on H1.
still trading within a triangle on weekly range. I will still say its on a decisive area as per my previous analysis.
However as we all love gold so scalping or small trades can be initiated.
we can hedge as well. Follow the trade plans with discipline
USDCHFIts trading in a bullish parallel channel and is almost on a support where buy attempt can be made with strict sl.
GBPUSDIts making HH HL on h1 however tested the major trend line as well.
both plans shared to gain profits from both sides. Enjoy ;)
Trade with discipline
XRPUSDCup n Handle formed on daily with price testing some important trendlines and fin levels.
Follow trade plan with discipline
XRPUSDTIts clearly making LL on 4h and trading in a bearish channel
As always i am sharing with u all both trade plans for new entries .. Trade with discipline.
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 ;)
AUDNZDIts still making HH HL on H1 And H4 so reentry or fresh on dips can be initiated. follow with discipline . cheers;)
GBPJPYIts making LL LH On weekly however on 4TF And H1 TF its on HH and HL..
As always i am sharing with you both trade plans . Trade with discipline.
