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GBP/CAD Long, CAD/CHF Long, NZD/USD Long and AUD/USD LongGBP/CAD Long • If price impulses up above our most recent high, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. CAD/CHF Long • If price corrects and a three touch tight flag forms, then I'll be looking to get long with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. NZD/USD Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up above our most recent low followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/USD Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up above our most recent low followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Long
by StewySongs
9
GBP/USD Long, GBP/CHF Long, EUR/CAD Short and EUR/NZD LongGBP/USD Long • If price corrects and a tight flag forms, then I'll be looking to get long with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/CHF Long • If price corrects and a tight flag forms, then I'll be looking to get long with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/CAD Short • If price corrects and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD Long • If price corrects and a tight flag forms, then I'll be looking to get long with a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
EUR/NZD ShortEUR/NZD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
1
EUR/GBP Short, AUD/CAD Long, EUR/NZD Short and USD/CAD ShortEUR/GBP Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. AUD/CAD Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up above our most recent low followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. USD/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
5
EUR/GBP Short, EUR/NZD Short and USD/CAD ShortEUR/GBP Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/NZD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. USD/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
Short
by StewySongs
3
What Traders and Boxers Have in Common 📊🥊 Hello TradingView Family, I've been doing some thinking lately about trading and how it surprisingly shares quite a few parallels with the sport of boxing. It might sound a bit unconventional, but bear with me - there's more to it than meets the eye. 🥋 Strategy is Key: In both trading and boxing, success is heavily dependent on strategy. Boxers carefully plan their moves, anticipating their opponent's actions, and traders meticulously analyze the market, foreseeing trends and patterns. It's all about staying one step ahead. 🥊 Discipline Matters: Just like a boxer adheres to a strict training regimen, successful traders maintain discipline in their approach. Emotional control, adherence to a trading plan, and the ability to stick to a strategy even when the going gets tough are crucial. 🛡 Risk Management: Boxers can't afford to leave themselves exposed to too many punches, and traders can't afford to expose their entire capital to a single trade. Both require calculated risk management to survive and thrive in their respective arenas. 🔄 Adaptability: No boxing match goes exactly as planned, and the market is just as unpredictable. The ability to adapt to changing circumstances, whether it's a shift in the opponent's strategy or a sudden market twist, is a shared trait. 🥅 Resilience in the Face of Loss: Both traders and boxers experience losses. It's not about avoiding them altogether but about how you bounce back. Resilience, the ability to learn from mistakes, and the determination to get back in the game are keys to long-term success. 🔄 Continuous Improvement: Just as boxers are always refining their techniques, traders are constantly honing their skills. Learning from experiences, staying updated on market trends, and seeking out new strategies are essential for growth. 🧠 Mental Toughness: Boxing requires mental fortitude to withstand the physical and psychological challenges. Similarly, trading demands a strong mindset to navigate the ups and downs without succumbing to panic or overconfidence. So, what do you think? I find these connections fascinating, and it makes me appreciate both the art of trading and the sport of boxing in a new light. 🌟 Let me know your thoughts! Cheers! 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Education
by TheSignalyst
16
EUR/GBP Short, USD/CAD Short and GBP/USD LongEUR/GBP Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. USD/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/USD Long • If price impulses up above our most recent high, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get long with a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
GBP/CHF Long, USD/CAD Short and EUR/GBP ShortGBP/CHF Long • If price impulses up, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. USD/CAD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. EUR/GBP Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
BTC/USDT Analysis and Trading Opportunity. Scenario : After a strong rally, BTC entered a surge around the $37,000 mark, breaking through this zone and gaining a new momentum. With the monthly chart aiming to form a bullish pivot, the daily and weekly charts are highly stressed, requiring a correction. S&P 500 : Healthy, attempting to form a bullish pivot on the monthly chart. Strong resistance at 4600 indicates that markets are seeking a correction. BTCUSDT Monthly: High, close to the resistance of 42500. Weekly: High, RSI very stretched (needing correction). Daily: High, RSI very stretched (needing correction). Indicators RSI RSI Levels 12 and 26 period Moving Averages Volume Fibonacci Retracement Strategy : 1 hour and 4 hours in oversold conditions. Whenever the daily chart enters a strong uptrend, a correction is needed, indicated when the 1-hour chart enters oversold territory (30% RSI). The same rule applies to the weekly chart, with its respective oversold timeframe being the 4 hours. To confirm this strategy, we can observe that the 5-minute chart in oversold conditions (1-hour correction) and the 15-minute chart (4-hour correction) when entering oversold conditions provided excellent scalping opportunities. Now, the buying force will wait for the 1-hour oversold condition, while the selling force will use the 42500 resistance to take profits. Using RSI levels, the price range of $40,200 to $38,300 was found, where several buy orders should be defined to obtain the best average price. However, due to the 1-hour chart being highly stressed, the price range found today with RSI levels will not be used, requiring daily updates of the range and order values using the same tool. The initial stop loss should be set at 37950, slightly below 38000, which is a strong psychological number. As the price range is corrected, the old nearest top will be used as a stop loss. The first partial should be taken just below 42500 (to ensure our order is executed). I will take a significant profit and raise my stop loss to the entry price. As the weekly chart needs correction, it is expected that the price will fall below 38,000, where we will repeat the analysis and seek oversold conditions on the 4-hour chart.
Long
by RodrigoHonorioUK
1
NZD/USD Long and GBP/USD LongNZD/USD Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair. GBP/USD Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place a trade on this pair.
by StewySongs
3