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💡 XAUUSD: Back to rising momentumGold prices today on the international market increased in the context of investors hoping that the US Federal Reserve (FED) will cut interest rates in June 2024, despite rising inflation in the US. From there, they reduce their need to hold USD, causing this currency to depreciate, benefiting gold prices. Analysts say that if the US cuts interest rates, gold prices will skyrocket. If the FED does not cut interest rates, the market will have concerns about rising inflation, which could push up gold prices. Meanwhile, escalating geopolitical tensions due to the Russia-Ukraine military conflict has maintained the need for safe haven capital in gold. Gold price has conditions to increase.
OANDA:XAUUSDLong
by Stone_Haven
Leveraging Pivot Points for Intraday Trading StrategiesIntroduction to Pivot Points: A pivot point serves as a pivotal indicator in technical analysis, aiding in discerning market trends across various time frames. Essentially, it's an average of the intraday high, low, and closing prices from the previous trading day. Traders interpret trading above the pivot point as indicative of bullish sentiment and below as bearish. Key Features: Pivot points form the foundation of this indicator, from which support and resistance levels are projected. These levels offer insights into potential price reversals or continuations. It's widely utilized in equities, commodities, and forex markets to identify trend shifts and reversals. Traders leverage pivot points to determine entry and exit levels, aiding in strategic decision- making for intraday trades. Formulas for Calculation: The formulas for pivot points involve simple calculations based on the previous day's high, low, and close prices. These calculations yield pivotal support and resistance levels crucial for trade planning. The Formulas for Pivot Points: P= High+Low+Close / 3 ​ R1=(P×2)−Low R2=P+(High−Low) S1=(P×2)−High S2=P−(High−Low) where: P=Pivot point R1=Resistance 1 R2=Resistance 2 S1=Support 1 S2=Support 2 ​ Calculation Method: Pivot points can be manually calculated using the prior day's data, which includes the high, low, and close prices. These levels are essential for traders, especially for intraday strategies. High indicates the highest price from the prior trading day, Low indicates the lowest price from the prior trading day, and Close indicates the closing price from the prior trading day. Interpreting Pivot Points: Pivot points provide traders with static support and resistance levels throughout the trading day. This enables traders to pre-plan their trades based on potential price movements. Traders utilize pivot points in conjunction with other indicators to enhance their trading strategies, aiming for more accurate predictions and better risk management. Comparison with Fibonacci Retracements: Pivot points and Fibonacci retracements share the common goal of identifying support and resistance levels. However, pivot points rely on fixed numbers derived from the previous day's prices, while Fibonacci retracements are based on percentage levels drawn between significant price points. Limitations and Considerations: While pivot points offer valuable insights, they are not foolproof indicators and may not work for all traders. It's crucial to integrate them within a comprehensive trading plan and acknowledge their limitations. Price movements may not always adhere strictly to pivot point levels, requiring traders to exercise caution and employ additional analysis techniques. Conclusion: Pivot points remain a fundamental tool in the arsenal of intraday traders, aiding in trend identification and trade planning. By understanding their calculations, interpreting their implications, and integrating them with other indicators, traders can harness the power of pivot points to make informed trading decisions. Disclaimer: This trading idea is for educational purposes only and should not be considered as financial advice. Traders are encouraged to conduct thorough research and exercise caution when implementing any trading strategies.
NSE:NIFTYEducation
by khushaljain023
3/13 Wednesday Trading PlanTrading Plan for Wednesday, March 13th, 2024 Market Sentiment: Neutral to Bullish Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5235, 5230, 5221 (major), 5214, 5207 (major), 5202, 5196, 5191 (major), 5181, 5175 (major), 5167, 5162, 5155 (major), 5148 (major), 5137 (major), 5125, 5115 (major), 5109, 5103, 5097, 5090 (major), 5082, 5077-80 (major), 5070, 5060 (Major), 5056, 5045-47 (major), 5038, 5026, 5018-20 (major), 5012, 5000 (major), 4990, 4982 (major). Resistances to Monitor: Key Resistances: 5242 (major), 5254, 5257, 5274-78 (major), 5283, 5290 (major), 5297, 5309, 5315, 5326 (major), 5331, 5341, 5345, 5355 (major), 5366 (major). Trading Strategy: Post Trend-Leg Caution: After the significant rally, short-term setups are less clear. Exercise caution with both longs (chasing, rug pull risk) and shorts (against the dominant trend). Let price discovery unfold before forcing trades. Support Focus: Watch for potential long opportunities at 5235, 5221, and particularly 5207. Look for reclaims or failed breakdown setups for stronger entries. Short Opportunities (For experienced traders): Consider shorts on confirmed breakdowns below 5207 or bounces off the 5274-78, and 5290 resistance areas. Patience is Key: Prioritize capital preservation and wait for high-conviction entries. Bull Case: Trend Continuation: The overall bull trend remains strong. Defending 5220 and 5207 supports paves the way towards new highs at 5254, 5274-78, and the 5290 macro magnet. Adding within Flags: Monitor for potential bull flags overnight between 5242 and 5230. Consider adding positions within a well-formed flag if a major new high is not made. Bear Case: Breakdown Signals: Breakdown below 5207 could trigger selling pressure. Watch for shorting opportunities on failed breakdowns, ideally after a bounce. News: Top Stories for March 13th, 2024 Economic Outlook: Despite President Biden's cautious economic forecasts in November, recent progress suggests a stronger outlook. Economists are predicting faster growth, lower inflation, and continued job creation. Housing Initiatives: President Biden's proposed initiatives to reduce housing costs aim to ease affordability challenges caused by inflation and high-interest rates. Cryptocurrency Trends: Meme coins are surging, while electric vehicle stocks see mixed analyst opinions highlighting the volatility of these sectors. Gold's Safe Haven: Amid geopolitical tensions and economic uncertainty, the record-high gold price reflects its appeal as a safe-haven investment. Interest Rate Debate: Speculation continues around the timing of potential Federal Reserve interest rate cuts. Disclaimer: This analysis is for educational purposes only and is not financial advice. Always consult with a professional financial advisor before making trading decisions.
CME_MINI:ESH2024
by spytradingpro
Help Shape the Future of TradingView ContentHello, TradingView community! 👋🏽 As we continue to grow and evolve, our commitment to providing value to our users remains paramount. At TradingView, we understand that our users are at the heart of everything we do. This is why we constantly strive to offer content that enriches your trading experience, empowers your decisions, and nurtures your growth as a trader. TradingView is not just a platform; it's a community. And it's your voice, your needs, and your insights that make us who we are. That's why we're reaching out to ask you: What type of publications do you want to see more published by TradingView? We're all ears and eager to tailor our content to better suit your interests and help you achieve your trading goals. Here are just a few examples of what we can offer, but we're excited to hear your ideas too: 📚 Educational ideas : Learn from comprehensive ideas on various tools and features, trading concepts, and other informative content. 👀 Market Insights and News : Stay informed with the latest market developments, trends, and news via the TradingView Digest. 🆕 New Features Announcements : Discover and learn about the latest features and tools available on TradingView. 🎦 Educational Videos : Short, insightful videos demonstrating how to effectively utilize various features and tools on our platform. 🧙🏽‍♂️ Trading Wisdom : Gain wisdom and insights from seasoned traders and industry experts to refine your trading skills. www.tradingview.com 🤔 Something we missed ? These are just a few examples, but we want to know what resonates most with you. We want to make sure that every piece of content we publish is something you find useful, informative, and enriching. ❔So, how can you contribute? It's simple: Share your thoughts in the comments below! Tell us about the types of content you're interested in, any specific features you'd love to learn more about, or anything else you believe would enhance your TradingView experience. We're listening, and we can't wait to hear from you. With 💖, Team TradingView
INDEX:BTCUSD
by TradingView
80
3/12 Tuesday Trading PlanTrading Plan for Tuesday, March 12th, 2024 Market Sentiment: Cautious Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5181 (major), 5176, 5168 (major), 5163, 5155, 5149, 5140 (major), 5136, 5126 (major), 5115, 5110, 5103 (major), 5092-95 (major), 5082, 5077 (major), 5067, 5056, 5047, 5038-41 (major) Resistances to Monitor: Key Resistances: 5187, 5198, 5202 (major), 5212, 5220 (major), 5230, 5238, 5248-50 (major), 5262, 5267-70 (major), 5279, 5288-90 (major), 5297, 5305, 5314-16 (major), 5324, 5336 (major), 5344 (major) Trading Strategy: CPI Volatility: The recent CPI data release suggests hotter-than-expected inflation. Approach Tuesday's trading with heightened caution, reduced position sizes, and anticipate the potential for large swings and sudden reversals. Re-evaluate Supports: The CPI data indicates increased potential for a more substantial market pullback. Reassess support levels and be prepared for potential breaks below the previously noted "major" levels. Short-Term Bearish Tilt: Consider a short-term bearish bias for the day, prioritizing potential shorting opportunities on confirmed breakdowns below key supports or bounces off resistance levels. Focus on Commodities: Pay close attention to commodities markets, specifically oil and food-related commodities, as recent price increases suggest further inflationary pressure. Bull Case Trend Defense: Bullish outlook remains plausible if 5181 and 5168 are defended. Holding these supports suggests a potential path towards resistances at 5203 and 5220. Adding on Strength: Consider adding to long positions on reclaims of 5187, but proceed with extra caution ahead of potential further volatility. Bear Case Breakdown Risk: Breakdown below 5168-63 could signal a reversal. Look for bounces or failed breakdowns at these supports for potential short entries. Be aware that moves can be very rapid during high-impact news releases. News: Top Stories for March 12th, 2024 Inflation Concerns Surge: The latest CPI data reveals higher-than-expected inflation readings, sparking concerns about persistent inflation and its impact on the Federal Reserve's plans for interest rates. Market Volatility: Recent volatility underscores the sensitivity of the market to economic data and geopolitical events. Sectors like technology are drawing additional attention. Cryptocurrency Market: Bitcoin and Ethereum prices are fluctuating, reacting to regulatory updates and news of institutional adoption. Earnings Outlook: Stay attuned to corporate earnings for insights into how companies are navigating current economic challenges. Geopolitical Impacts: Global tensions, notably the Ukraine-Russia conflict, are influencing commodity markets and overall sentiment. Additional Factors: Keep an eye on M&A activity, economic indicators, tech regulation developments, sustainable investing trends, and evolving U.S.-China trade relations. Remember: News-driven events like the CPI release can trigger significant short-term volatility. Stay flexible, be prepared to adapt, and prioritize preserving your capital. Disclaimer: This analysis is for educational purposes only and is not financial advice. Always consult with a professional financial advisor before making trading decisions.
CME_MINI:ESH2024
by spytradingpro
The TradingView Digest - March 12thHey everyone! Welcome back to the TradingView Weekly Digest. In today’s edition, we’re highlighting the top posts from our community, which includes a video tutorial on our newly revamped screener tool, an informative post about portfolio diversification, a hot script on tick data, and all the latest headlines, earnings, and economic events. 💡 Diversification: What It Is, Why It Matters & How to Do It - by TradingView Portfolio diversification is the strategy of spreading your money across diverse investments in order to mitigate risk, hedge and balance your exposure in pursuit of uncorrelated returns. While it may sound complex at first, portfolio diversification could be your greatest strength when you set out to trade and invest in the financial markets. 💡🎥 TradingView Screener 2.0 - by zAngus The TradingView Screener was what initially led me to use TradingView. It allows me to quickly and easily filter thousands of stocks down to just a handful that meet my criteria. No matter your preferred trading style - whether it's based on technicals, fundamentals, indicators, price action, RSI, MACD, volume, etc. - the TradingView Screener can quickly help you narrow down any stocks that meet your criteria. 📰 Top Stories U.S. Feb Nonfarm Payrolls +275K; Unemployment Rate 3.9% SMCI: Super Micro Stock Jumps 3% on Upgrade. Here’s Why Shares are Up 10X in One Year. XAU/USD: Gold Shines Bright to Record High of $2,160 as Central Banks Stack Up BTC/USD: Bitcoin Cools Off After Knocking Out Fresh All-Time High Above $69,000, Smashing 2021 Record CPI, Rates and Other Key Things to Watch This Week 💵 Earnings highlights from the previous week: America's Car-Mart (CRMT) Reports Q3 Loss, Misses Revenue Estimates Silvercrest Asset Management Group Inc. Reports Q4 and Year-End 2023 Results Amplify Energy (AMPY) Q4 Earnings and Revenues Surpass Estimates Algonquin Powers Up In Q4 But Skips Guidance On Uncertainty Over Renewables Sale Paysafe Shares Slip 14% on Surprise 4Q Loss 💡 A Simplified Model for Bubbles - by holeyprofit Understanding the phases of a bubble and crash is not as grandiose a claim as it's made out to be. My idea that bubbles and pops can be understood is based on my opinion that various TA methods do a good job of explaining trend development. When major bubbles and pops are viewed in hindsight, they exhibit obvious fingerprints of bull/bear trend development. 💡 Bitcoin is Still Behaving like a Risk Asset - by Tradersweekly After reaching a new all-time high last week, Bitcoin underwent a mini flash crash, erasing more than 14% within a few hours but soon recovered. The number of Bitcoin addresses with balances exceeding 1,000 BTC slightly increased, while those with balances exceeding 100 BTC dropped slightly. 🌟 Script of the Week 📜 Order Chain - by Kioseff Trading This indicator utilizes live tick data to visualize volume dynamics in real-time. 💭 Our Weekly Thought: “ The trend is your friend. ” We hope you found this helpful. Please share your feedback, comments, or suggestions with us in the comments below. TradingView Team 📣 Want to be among the first to know all the news? Give us a follow!
TVC:GOLD
by TradingView
3
Top 3 Intraday Trading StrategiesTo get success in intraday trading, requires dedication, hard work, patience, quick wit, and immense knowledge. Successful day trading involves 10% execution and 90% patience. To gain expertise in day trading and honing trading skills, it takes a fair amount of time. There are a number of Best Intraday trading strategies available for trading, but the success or failure of the strategy completely depends on the market. Maybe one strategy works in today’s market condition but may not work according to the next day’s market condition. Not only, does the movement of the market, but the intraday trading strategy also depends on the trading styles of the trader. It also varies at different times of the day, depending upon how the market is behaving. Here, in this post, you will find Effective Day Trading Strategies, which you can use for intraday trading. Intraday Trading Strategy : 1. News Based : News-based trading is the most traditional form of day trading. This type of trader doesn’t focus on the stock price and volume charts, they wait for information that will drive the prices. The information may come in the form of a company announcement about earnings or new products; a general economic announcement about interest rates or unemployment; or just a lot of rumors about what may or may not be happening in a given industry. Traders who do good with news-based trading , usually have some understanding and knowledge of the markets. These types of traders are not expert analysts or fundamental researchers, but they have enough knowledge about what kind of news would be in-favor or what would be taken poorly by marketers. They also pay attention to a few different news sources and also whenever they find the right opportunity, they place the order at the right time. The downside of news trading is that there may be few and far good events; more often, the hype is already built into the price by the time you watch it. Many news traders turn to the scalp while they wait for something to create a little excitement. Before you start news-based day trading, one thing you should keep in mind is that, this type of trading strategy is very risky as compared to other strategies. It also gives high returns on investment within a day. 2. Gap + B.B. (S20,2): This strategy is useful when the stock/ Index opens Gap Up or Gap Down. After the gap, the stock shows a potential reversal sign, which can observe by the place of a candlestick or by a heavy volume event. You can fade the action and go in the opposite direction of the gap with a profit target at the start of the gap. Rules: Entry between 9:30 to 10:00. Exit at stop-loss or at 3:25. Bollinger band strategy is 20,2 30- minute time frame is required. Big Profits and Small losses. No need to trade every day. Helps to stay away from the Sideway market. Example for Buy Trade: In this strategy, the stock should be open with Gap up or Gap down. The First 30-minute candle should be untouched from the lower band. As you can see in the above image, the first candle opens with a gap down and it is below the lower band. The high of 1st candle is also untouched by the lower band. Go for buy trade when the high of 1st 30-minute candle is a break. Stop-loss = low of the 1st candle. Example for Sell Trade: The stock opens with a gap up and the 1st candle’s low is not touched with the upper Bollinger band. As the low of the first candle is broken, enter in to sell trade. Put the stop loss at the high of the first candle. Note: This strategy gives best result for Nifty and Bank Nifty. 3. Morning ORB: The early morning range breakouts are also known as opening range breakouts. It is like bread-butter for many trades. The trading opening range takes skill and practice until you can turn a profit. The early morning range breakout help traders to take advantage of the violent action from the flurry of buying and selling orders when the market opens. Trading Range The first 20 to 30-minute trading range is suitable for an opening range breakout. While you start trading practice using this strategy, it is recommended to start with a very little amount of capital. The stock you select for the trade should be within a range, which is smaller than the average daily range of the stock. The upper and lower boundaries of the range can be identified by the high and low of the first 30 or 60 minutes. Early Morning Range Breakout and Volume The idea for go short on a break below or going long on a break above resistance is not as easy as you think. First, you need to understand the relationship between volume and price. Volume and Price must be in harmony. When you short or long a stock, which has happed down or gapped up it must open with heavy volume and then retrace on lighter volume (indicating a lack of buying). Which confirms that sellers/buyers are in control. Volume Is very important for every type of breakout which confirms the breakout before entry. If the stock price breaks the morning Support/resistance level with low volume, there is a high chance of a false breakout. The image below explained that high volume during a breakout is likely to push price through key resistance. In this 15- minute chart, you see that after a break of early morning resistance with high volume, the price starts increasing. Volume is very tricky so you need to be able to predict the support/resistance levels accurately in order to find out good volume breakouts and set proper profit targets. Disclaimer: The Intraday Trading Strategies discussed in this post is for education purpose only. We are not responsible for any Profit or Loss you made using these strategies. We hope that you like our blog post on Intraday Trading Strategies.
NSE:NIFTYEducation
by khushaljain023
💡 XAUUSD: Waiting for CPIGold prices increased in the first trading session of the day in the US. According to reports in the US, the number of jobs in the non-agricultural sector increased by 275,000 units in February 2024. The US unemployment rate increased to 3.9%. The market received the comments of Mr. Jerome Powell, Chairman of the Federal Reserve (Fed), positively. Experts predict that the Fed is ready to cut interest rates and the timing could be in the middle of this year. Upcoming inflation data will attract the market's attention because this is important data to assess the timing of the Fed's interest rate cuts. During the week, markets will monitor retail sales reports and weekly unemployment claims, as well as US manufacturing data.
OANDA:XAUUSDLong
by Stone_Haven
3/11 Monday Trading PlanTrading Plan for Monday, March 11th, 2024 Market Sentiment: Neutral to Bullish Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5196, 5187 (major), 5181, 5176, 5168 (major), 5163 (major), 5155, 5147, 5140, 5136, 5131, 5126 (major), 5116, 5108, 5103, 5095, 5090 (major), 5084 (major), 5076, 5072 (major). Resistances to Monitor: Key Resistances: 5205 (major), 5211, 5220 (major), 5232, 5241 (major), 5254, 5262 (major), 5270-73 (major), 5280, 5290 (major), 5296, 5309 (major), 5326, 5330 (major), 5348, 5359, 5366, 5377 (major) Trading Strategy: Cautious Trading: The early week dip suggests a more cautious approach for Monday's trading. Err on the side of capital preservation by limiting aggressive trades. Long Opportunities: Look for potential long entries at major support levels, particularly 5187, 5168-63, and 5126. Counter-trend Cautions: (For experienced traders) Be aware of potential short opportunities at resistances like 5262 and 5241, but remember the overall bull trend remains in force. Bull Case: Trend Continuation: The overall bull market is still dominant. Defending 5187 (and ideally 5163) supports would signal that another leg up is likely, targeting 5262+. Adding on Strength: Monitor reclaims of 5211 for potential long entries. Bear Case: Breakdown Signals: A decisive break below 5187, particularly a failed breakdown, could trigger a move down the levels. Watch for shorting opportunities on confirmed breakdowns. News: Top Stories for March 11th, 2024 Stock Market Strength: The S&P 500 continues its record-breaking run, with a strong 7.11% return year-to-date. AI Drives Tech Boom: AI stocks, led by Nvidia's impressive earnings, are boosting the technology sector. Fed Outlook: The Federal Reserve's plans for interest rates are a key focus as investors anticipate potential cuts in late 2024. US Economic Picture: The latest GDP growth projections suggest a potential slowdown, but strong earnings and market momentum are positive indicators. Global Outlook: The IMF's upward revision of global growth forecasts points to a return to normal growth levels. Regulatory Updates: Fed officials are planning new rules to prevent banking crises, and the finalization of Basel III could have significant implications for the sector. Additional Considerations: Historical Trends: Historically, a strong January and February for the S&P 500 tend to foreshadow continued gains over the following 12 months. Inflation Expectations: Monitor potential for a rebounding inflation rate later in the year.
CME_MINI:ESH2024
by spytradingpro