Tradingstrategies
AAPL - To Test SupportAPPL is stil downside, and expect to test support level ahead at 146 as sell volume still high, before it rise to test resistance at 157 level.
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock.
GoldViewFX - GVFX GOLDTURN RANGE BREAKER SETUP Hey Everyone,
This is a basic yet a strong Goldturn Trading Setup in step-by-step stages. Our personal signals in VIP use an algo generated weighted Goldturn setup for more pinpoint accuracy, which is the more advanced version of this and for obvious reason we can't share this here.
1 - Draw a Goldturn on the previous days Highest point for Resistance
2 - Draw a Goldturn on the previous days Lowest point for Support
3 - Wait to now see current day price action and look to see, which level EMA5 breaks - Support or Resistance?
4 - In this example previous days Goldturn low is broken with EMA5
5 - Once EMA5 breaks level by crossing over, we now wait for a 1H candle close after the cross. This is the confirmation lock candle.
6 - Next candle is entry candle - we can see a 450-pip movement from entry. We advise to take profit at 50 pips or next Goldturn, which is a likely target or move SL and trail the movement to catch the entire breakout.
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GoldViewFX
XAUUSD TOP AUTHOR
GoldViewFX - DAILY CHART UPDATEHey Everyone,
Please see updated daily chart structure.
We are at a very crucial support zone on the daily chart identified last week. EMA5 is challenging 1660 Goldturn, which we saw price bounce off last week many times and daily candle failing to close below. However, Friday we saw price close below 1660 but EMA5 failed to cross, leaving room for a recovery this week. We need to watch this challenge closely.
We will be monitoring this chart for EMA5 cross and lock confirmation to track this movement range to range. EMA5 cross and lock below 1660 will open 1610 and 1578.
We will need to see a new Goldturn above structure support to provide momentum for EMA5 to cross and lock above 1660 for a 1700 challenge and a cross and lock above 1705 for a full Bullish recovery.
As always, we will keep you all updated with any changes to our plans throughout the week. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
S&P500 - Hammer time, good chance of a rebound. $SPXHammer on the daily chart needs confirmation, but the low price coincides with the Fibonacci level 2 and the static support of the November 2020 high. The stochastic is oversold on the daily, weekly and monthly chart is at 2008 levels. Previous situations always followed by a rebound. On the weekly chart, the rebound occurred followed by an increase in volumes which at this time are still low. Friday's downside stopped at a double low from June 2022. If confirmed, there is a good chance of a rebound. Take care.
EURUSDDaily:
1. Bullish
2. Price at discount
3. came from premium
4. target Daily OB
4H:
1. Bullish
2. Price at discount
3. came from discount
4. target 4h HH
15M:
1. Bullish
2. Price at coming to the discount area
3. Came from discount
4. Target 15M HH
Note: It is a risky buy kindly be careful with lot size
XAUUSD - KOG REPORT! (Daily)KOG Report Daily Chart:
We’re going to stick with the same daily chart with the levels in place which have been working well for us. We’ve mapped this move quite accurately from the high, to the low, to the high, to the lows and as a longer term projection will stick with the view of lower pricing.
Again, as per the previous report, we can see a turn coming at some point so will be looking at the lower support level to take this to the upside but, will trade this level to level on the way down using our intra-day strategy.
Key levels:
1695 resistance
1645 support
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As always, trade safe.
KOG
GoldViewFX - 20 PIP SIGNAL SETUP IN ACTION!!!
This is a simple 20 pip setup that can be used in ranging conditions allowing intraday setups both ways.
We look for EMA5 to crossover MA21 UP or DOWN followed with a 1H closing candle, which we call the locking candle. Once this is done, we then enter on the next candle and target 20pips.
The example on this chart shows the setup in action hitting targets up and down.
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GoldViewFX
XAUUSD TOP AUTHOR
ETH Analysis - Trend is about to change ETH is having a major resistance near 1850 which is also fib level 0.764. We can expect a trend reversal from this price level.
Alternate case , if price falls below 1700 , it will dive upto 1550 which is fib level 0.236.
Pending orders for short from 1850 and 1860 keeping a tight sl of 1900.
Sell Stop orders from 1690 with target of 1550 and sl 1725.
Short term buy signal from current price upto 1840 , sl 1750.
I will keep updating the Analysis as we see movement in price.
Good Luck to all.
DXY - 240 MINS CHART TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive Moves).
Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
A Personal Psychological Study of Day Trading Despite guessing the trajectory for Ethereum over the last few weeks quite successfully, my trading profits have been "okay," but not up to par with what I would accept as "worthwhile." I even opened a short two days ago at support but got stopped out, instead of following my plan and opening a long. Why is that? You can see my trades, in addition to my reasoning in this post:
This analysis is a little bit of a psychological study of myself. After all, much of my analysis up until this point has been a psychosocial exploration of collective human behavior and psychology. But it is hard to produce such material without experiencing the emotions and the second-guessing, and to some extent building more self-awareness. This post will hopefully help readers discover for themselves what works. In the end, it doesn't seem to be about predicting, but managing one's own behavior.
Here is the ETH/USD chart zoomed in on the 4H timeframe:
Looking at the above, it seems like it could either fail at the $1700 resistance again, or head back up towards $2k in time for the "merge." So again, it appears to be a guessing game. If I were still following this plan, I would actually attempt to scale into a short here, since the market seems to be overwhelmingly biased to the long side. Then, I would probably close that short quickly as soon as I see profit, since I do think price can still continue higher.
If you read my original post linked at the beginning of this article, you'll see I was able to get good entries consistently at resistance and support. But where could my performance have been better? CLOSING. I noticed that when I would see my trades well in profit, I had a tendency to think, "Well, what if this time the range fails and it breaks support?" In the 1400's, I felt that price could just sink lower to sub-$1000, so why would I close there when I got such a good entry? In simple terms, I would get greedy, right at my target levels.
The solution, if I were to continue day trading is quite clear: Always close in profit, and especially if price reaches a pre-determined target level. There is a reason traders use TA, and that is to create goalposts and manage behavior (not to predict). It doesn't matter how much the profit is. There is always another trade to be made, and it's better to build a habit of building your account up slowly, rather than trying to triple or quadruple it in a week. Granted, I ended up doubling the account overall, which still far outstrips the actual market performance since I began this day trading spree when ETH was $1800+. However, there was a moment when my account was nearly 4x yet I did not close my positions.
Ultimately, this proves that self-control and discipline are absolutely necessary. Bad day trading is way more common than "good" day trading. I'm an okay day trader, but it ultimately doesn't appear to be worth the time or stress. Instead, I like to look at broader economic cycles, as that tends to be where the greatest wealth is made. It was much easier for me to sell my crypto for life-changing money after waiting a few years than to sell short-term ETH positions for comparatively small profit. Maybe this means I should simply day trade with a larger amount. Just kidding.
I still maintain that we are near the end of a generational debt/wealth cycle that began after World War II. That is why I wait with cash, and tend to value personal connections and skills far more than immaterial assets. At any time, I would value these things more than immaterial assets. But at another time I would probably be more proactive with my investing. Right now, it seems like a sit and wait moment. In any case, I find the more someone values immaterial assets, the less present they are in the real world.
As I've mentioned, I have officially finished school and begun my career as a therapist. While I cannot legally advertise or provide therapy through here since I don't hold a clinical license (yet), I do feel that I can provide consultation and coaching for anyone who could use help managing emotions or overcoming addiction (particularly as it pertains to trading). I have done a lot of personal work and growth in this department, so I do have some legitimate insight to offer. If this is something that appeals to you, you know where to find me - my Twitter is linked and my DM's are open.
As always, thank you for reading. This is not meant as financial advice, but it represents my own thoughts and opinions. Please consult a professional financial advisor.
-Victor Cobra