3 Steps to Trade Like a Pro Without Losing Your Sanity !🎯You’re here because you’re tired of watching the market run away without you, right? 🚀 You enter too late, exit too early, or worse—hold onto losers like they’re a long-lost love. 💔 It’s time to stop trading like a gambler and start trading like a sniper. 🎯 Buckle up, because this isn’t just another “blah blah strategy” blog. We’re breaking it down George-style: no fluff, no nonsense, just actionable steps (and a bit of sass).
🔥 Step 1: Spot the Uptrend—Your VIP Entrance to the Market Party 🎟️
Every great trade starts with one thing: momentum. That big blue arrow you see? 🌀 That’s the market screaming, "Follow me if you want to live… financially."
What NOT to do:
Don’t second-guess the trend. If price is moving up like a rocket, don’t be the guy saying, "But it feels like it might drop." 🙄
And please, for the love of pips, don’t trade against the trend. That’s like swimming upstream with a cement backpack. 🏋️♂️
George says: The trend is your bestie—until it’s not. Stick with it while it’s hot, but keep an eye on the exit door. 🚪
⚡ Step 2: Check RSI—Because Not All Trends Are Honest 🤥
Here’s where it gets spicy. 🌶️ Price can look like it’s climbing Mount Everest, 🏔️ but RSI might be wheezing at base camp. When price keeps going up but RSI says, “Nah, I’m done,” you’ve got RSI divergence, my friend. That’s your first red flag. 🚩
Think of RSI as your market mood detector. If it’s throwing shade, pay attention. 👀
What to watch for:
Price making higher highs while RSI makes lower highs. 📉
RSI hanging out near oversold like it’s got nowhere better to be. 😴
George says: When price and RSI don’t get along, something’s about to break—and it’s not your trading account if you play this right. 💸
💥 Step 3: Wait for the Trendline to Break—Patience, Grasshopper 🧘
Here’s the part where most traders mess up: impatience. They see a slight pullback and jump in faster than you can say, “margin call.” 😱 Don’t do it.
Wait for the trendline to snap like a cheap rubber band. ✂️ That’s your confirmation. Then, and only then, do you make your move.
The Setup:
Risk $1 to make $3. Always. 🤑 You’re not here to “just survive”—you’re here to thrive. 🌟
Use a stop-loss. Because “hope” is not a risk management strategy. 🤦
George says: A trendline break is like the market giving you a wink. 😉 Ignore it, and you’ll regret it.
Why This Works (and Why Most Traders Fail) 💡
This setup isn’t rocket science—it’s logic. 🤓 Spot the trend. Wait for the market to lose steam. Then confirm it with a trendline break. Simple, right? ✅ Yet 90% of traders will still overcomplicate it with 14 indicators, a gut feeling, and a sprinkle of overconfidence. 😵💫
But not you. You’ve got the plan, the patience, and now, the edge. 🔪
Final Words from George: 💬
Trading is like dating. If you’re too eager, you’ll scare off the good setups and end up stuck with losers. 😂 But if you wait for the right one—oh boy, it’s worth it. 💍 So, stop overthinking, trust the plan, and let the market come to you.
Now go out there and trade smart. And remember: Patience prints profits. 🖨️💰
Cheers to making the market your ATM. 🥂
PS: Risk $1, make $3. It's the kind of math we all like! 😏
Tradesetup
DJT a winner in life. A winner in the market? Hello Traders,
Quite obvious large wedge pattern emerging here, with price action sitting on a solid support. If it breaks support below shown on the chart, we will more likely than not, come down between $10 & $11. This would have course be our best entry point. Could it happen? OF COURSE, this is why we do TA! It is to assure we have a plan for all possibilities and minimize risk along the way!
That being said, where price action is currently, we could very likely start next week with a green candle and continue it through mid week and if so my plan is to start buying some contracts If the week closes green. Possibly a few if we get two green closes M & T. it’s very likely to break out in the next month or two. Maybe within another 1-2 weeks. If we see a solid green candle close next week.
In addition, look at that massive sell volume that couldn’t even break support. My money is on the bounce and then breakout here where we stand! Best of luck and always follow the path of less resistance and have a plan for a diverging outcome! This is law if you want to be consistently profitable!
Stay Profitable,
Savvys
USD/JPY Long Setup: Gap Fill in Focus
A recent price gap on the USD/JPY chart suggests potential for a long position. Given the price gap, we expect a possible gap fill scenario similar to last week, where the price moved to close the gap. This provides an opportunity to enter a long trade, anticipating upward movement with a careful stop loss.
Support Zone : 151.650 - 151.752
Stop Loss: 151.596
Take Profit : 152.878
EUR/USD: PAT + VPA 9/22/2024Good day,
Today, we're diving into EUR/US once again, and let me tell you, last week's strategy hit the nail on the head.
This week, the 4-hour chart is indicating a potential "Selling Climax." A glance at the daily reveals several bearish pin bars. The 4-hour has tightened from a broad range into a narrow internal range, which I refer to as "Market Submission." Prices have stalled, and traders are showing signs of fatigue. The market has consistently failed to break above 1.11679 (1.117), creating a solid evening star pattern.
The 1H timeframe is indicating a potential reversal as it navigates through multiple strong lows within a fixed range. While selling pressure is apparent, it hasn't yet managed to drive prices down to the internal low of 1.11174 (1.1120). I'm anticipating that this period will break that low following a retest of 1.11788 (1.118), as we find ourselves in the territory of a "Doji," or what I refer to as "Indecision Bars."
Appreciate your efforts, stay sharp in your trades, and show kindness to all on their trading path! Best, The Pip Assassin!
OANDA:EURUSD TVC:DXY
WILL CARNIVAL CRUISE LINE ($CCL) CONTINUE TO SAIL HIGHER?! 50%+🚢 WILL CARNIVAL CRUISE LINE ( NYSE:CCL ) CONTINUE TO SAIL HIGHER?! 50%+ Potential! 🚢
NYSE:CCL had a rough ride during the COVID pandemic as everyone stayed home, not vacationing, and definitely not cruising. But could it be ready for a massive comeback?
In my latest video, I break down the "High Five Setup" trading strategy, the ascending triangle breakout, and when to possibly enter this exciting trade.
Trade Idea:
Entry: $20
Exit: $17.88
PT1: $26
PT2: $30.64
Thanks for watching and for all the support! Let me know what stock or video you want to see next.
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Not financial advice.
#StockMarket #Trading #Investing #CarnivalCruise #HighFiveSetup
UNLOCK PROFITS! 5 Opportunities to Capitalise1. Tesla (Weekly Timeframe) NASDAQ:TSLA
● A symmetrical triangle pattern is clearly visible on the weekly chart.
● Following a recent breakout with strong volume, the price is likely to rise significantly.
2. Lam Research Corporation (Weekly Timeframe) NASDAQ:LRCX
● After breaking out of the cup and handle pattern, the price surged to an all-time high around the 113 level.
● A notable rejection from this peak caused a pullback to the previous breakout level.
● The price is currently consolidating at this level, preparing for a potential upward move.
3. Tapestry (Daily Timeframe) NYSE:TPR
● The stock has been trading within a rectangle pattern for a while.
● Now, following a robust breakout supported by significant volume, the stock price is primed for an upward trajectory.
4. Oppenheimer Holdings (Daily Timeframe) NYSE:OPY
● After breaking out of a bullish pennant pattern, the stock price is targeting higher levels.
● The breakout was accompanied by significantly high trading volume.
5. Deckers Outdoor Corporation (Daily Timeframe) NYSE:DECK
● The stock price has formed a symmetrical triangle pattern.
● A recent breakout could drive the price to higher levels.
Wake Up on a SPY Trading AnalysisTrading should not be that difficult.
The rules are simple. if you cant make one stick with this ones.
Find a Perfect Entry based on good timing.
Get In
Get Green (Trade with a Stop Loss)
Get out
Repeat the above procedures a million times.
Does not matter how big or small your wins are because they all compounds overtime as long as you are consistent with it.
BRO: Entry, Volume, Target, StopEntry: above 106.02
Volume: above 749k
Target: 113.04 area (this is an area, no guarantees, you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 106.03, 102.78 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not enter a trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
XDC is looking great for trading in the short and mid-term.Although I'm not a big fan of the current version of XDC, version 2.0 is a badly needed and long-overdue step in the right direction. XDC, often snubbed due to its association with Mr. "Eat Zee Bugs" himself, has definitely had a negative impact on the XDC price and retail adoption, as very few people are interested in investing in a project associated with an individual who completely lacks honesty and credibility. But either way, as a trader, I like the potential of what I see in the charts and would absolutely exploit it in the short term, even though I would never be caught dead investing in this coin long term, since it's associated with people I consider completely untrustworthy.
Good luck, and always use a stop loss.
DXY Bullish Bias: Price Action & Data AlignmentWhile U.S. economic data hasn't been stellar, it's still holding up well enough to support the dollar. Intra-week price action (8/26/24 - 9-6-24) reflects this, with strong upward movement indicating a continuation of the bullish trend.
Keep an eye on key support levels and potential pullbacks, as this bias could persist heading into the coming weeks.
Blue ATR is monthly
Purple ATR IS weekly
EUR/USD 15M Short Trade IdeaI’m looking to short EUR/USD again on the 15M chart , with expectations of continued bearish momentum carrying into the next day of trade.
Price is showing consistent weakness, and the downtrend remains intact, making this an ideal setup to capture further downside. I’ll be watching for the market to maintain this structure and will adjust if any significant shifts occur. Let’s see if the bears remain in control!
EUR/USD 4H Chart: Top of the Market? (Part 2)I’m expecting EUR/USD to have a bearish day and possibly continue this trend throughout the week. The 4H chart is showing strong downside pressure, with price struggling to break above key resistance levels. I’m anticipating further declines as this bearish structure continues to unfold. Let’s see how the market plays out!
EURPLN Short Trade SetupAfter conducting an analysis on EURPLN, we are excited to present our trade setup.
This opportunity boasts a favorable risk/reward ratio, although it does require patience due to a longer waiting period.
Nevertheless, swing traders may find this setup intriguing and worth considering.
NAS100 - Set up and waiting for confirmationTeam, I am setting up the long position, howver I still waiting for the confirmation.
The current market price is 18814, I would prefer if it reached above 18836-42 to confirm my long position.
If the market break though the support line 18784 then we call it off.
If the price however consolidate and move toward the above price 18836-42, then I will enter my long position, with stop loss at 18772
Target 1 - 18964.70
Tareget 2 - 19196.50
Laying down the next setup. (Did you watch the last video?)So, did you watch the last video? If so, you'll see how this setup is an evolution of our previous analysis. If not, well, you might want to catch up because this isn't just about laying down the next setup; it's about understanding the continuity in market movements.
Let's hear it – what's your take on this setup? Are you seeing the same patterns, or do you have a different angle? Trading isn't just about executing; it's about discussing, learning, and sometimes, debating.
Stay engaged, stay amused, and remember, in this market game, every setup is a chance to refine our strategy.
Disclaimer: Market setups are not guarantees; they're probabilities. Trade with caution, humor, and maybe a bit of skepticism.
Trade Setup: NEAR Long PositionMarket Context:
NEAR is consolidating at support, offering a potential opportunity for a long trade if the support level holds.
Trade Setup:
Entry: Long spot trade at around $3.85.
Take Profit:
First target: Top of the range support at $4.45
Second target: $5.35 - $5.90
Third target: $6.50 - $7.00
Stop Loss: Just below $3.50.
📊 Manage risk carefully, and monitor price action for confirmation of support holding. #NEAR #CryptoTrading #TradeSetup 🎯
1 to 2 Risk vs. Reward QUANT $600 @25x TRADE SETUP.QUANT had been on the decline for quite some time despite being an incredible technology and one of only a handful of coins that are ISO 20022 compliant. I think the reason for this is that the economy is contracting, and money is tight for many average investors, so the higher-priced cryptos tend to lag in bull runs, with the exception of BTC and ETH.
I think QUANT will retest the area near the limit buy zone and then make a run for the upper trend line and break out, just as a few other cryptos like XRP have done in the past day or so.
Don’t follow my trades; come up with your own ideas. Don’t be a follower—be a trailblazer!
Good luck!
USD/CAD Trade Setup: Long Position from Fibonacci Golden PocketI've entered a long position on USD/CAD, using the Fibonacci retracement for my setup. The entry is based on the golden pocket level, a key area between the 61.8% and 65% retracement levels, which often acts as strong support.
Although I've been underwater on this trade for a while, I'm still confident in the strength of the golden pocket.
My stop loss is strategically placed below this level at 1.37115 to protect against further downside. I'm targeting the 0.382 Fibonacci level for my final take-profit at 1.38110.
I'm also considering adding to my position if we get a four-hour close above the EMA on the 4-hour chart, which would further confirm the bullish setup.
I'll keep you posted as the trade develops.
Gold Trade Setup: Short Position on Ascending TriangleI've identified an ascending triangle on the gold chart and have taken a short position from the top of the range. My entry is at 2,443.506 with a stop loss placed just above the triangle at 2,446.460.
Ascending triangles typically signal a bullish breakout, but I've positioned for a potential pullback or false breakout. My stop loss is set conservatively above the triangle to protect against any upside breakout. I'm aiming for a favorable risk/reward ratio by shorting at resistance, with plans to take profits at the 15-minute EMA level, which is currently at 2,436.7.
I'll update as the trade progresses.
$GBP - What shall we do now?$GBP - What shall we do now?
GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options!
1 Emergency rate hike
2 Intervention
3 IMF
4 Fiscal spending
5 Swap Lines
Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open we hit lows of 1.03... Now, if we can hold the levels of these levels and perhaps go above 1.09 then no worries. However, if we carry on with these moves then things will get very interesting and keep an eye on the Gilt & FTSE!
Now it all looks very dismal when it comes towards headlines but actually there are coming amazing investment opportunities the prices we are getting and of course if you're in USA, what a great time for you to visit! For Candle stick traders - dragon fly!
Keep alert of what happens next, this week we have a lot speakers out of CB's and most importantly trade your plan!
Best,
TJ
ETHUSDT - 4H a correction phaseRecent political developments have influenced the crypto market significantly. The rise in Trump’s chances initially propelled the crypto market upwards. However, with Biden dropping out of the presidential race and the introduction of his alternate candidate, Trump’s chances are now perceived to be decreasing, which could lead to a correction in the crypto market.
From a technical perspective, COINBASE:ETHUSD has faced strong resistance at a key zone in the 4-hour time frame. Despite multiple attempts, BINANCE:ETHUSDT was unable to break through this crucial resistance level, suggesting a lack of bullish momentum to sustain higher prices. Additionally, the Relative Strength Index (RSI) shows a bearish divergence, indicating weakening buying pressure and potential for a downward move.
Given the inability to breach the resistance, the bearish RSI divergence, and the prevailing political uncertainties, it is likely that ETH will experience a pullback. This correction could provide a consolidation phase before the market assesses the next potential moves. Traders should be cautious and consider the potential for a short-term decline in ETH prices.