thetradedoc

thetradedoc

AMEX:SPY approaches supply from 2022. We have a solid rejection candle and have closed last week below the supply zone. Reversal is imminent - supported by heavy absorption of buyers at the ask on the cumulative delta volume chart.

thetradedoc Updated 

On the weekly timeframe, OANDA:GBPUSD has come back down to previous resistance turned support AND the line of an uptrend. What do we think? Personally, I am short. Last week's indecision candle was met with higher than normal volume followed by a continued selloff. A break below could mean big red soon.

thetradedoc Updated 

OANDA:AUDCHF wanting to continue it's bearish momentum as a critical resistance at 0.8759 rejected by double top. I entered short here. If we see lows of 2020 the trade would close at 16x gain! This post is intended for education only. It is hypothetical and by no means financial advice. Trading is risky and consultation with your financial advisor is always...

thetradedoc

The title is brash, I know. But before you click away, answer these two questions: 1) How many strategies have you tried? 2) How many strategies have you backtested through several years and thousands of trades? If you have tried more strategies than you've backtested rigorously, then stick around because that's probably the reason why you're losing money. ...

thetradedoc

OANDA:BTCUSD follows stocks as it ranges inside of supply from June 2022. A hold here from buyers with break above 32600 and buyers have free reign to the upside.

thetradedoc Updated 

OANDA:EURUSD giving us a clean cup and handle followed by a breakout to another bull flag. Will bulls continue up? This post is intended for education only. It is hypothetical and by no means financial advice. Trading is risky and consultation with your financial advisor is always recommended prior to investing or trading.

thetradedoc Updated 

CME_MINI:NQ1! Obviously, we are a little late to the party, but we observe the triple bottom here. Price has hastily moved through weekly supply from April 2022. Buyers have held price up so far. Next stop is all time high with a 7:1 RR from here!

thetradedoc Updated 

Have you heard of multi-time frame analysis? If not, pay attention to this great example. What you are looking at is a potential 13:1 RR on EURAUD long. This monthly chart reveals buyers continuing to push price up. Entering long here is early and risky as we are still below a critical supply zone (shaded area between 1.66-1.68), but if you drop to the 4 hour...

thetradedoc Updated 

Without getting into too much detail, I was one of the losers that jumped onto the Axie Infinity hype way too late. And I got burned. Now I want my money back and I'm shorting it. It's a terrible game in my opinion. It's performing much worse than the rest of crypto and is sitting at supply. I see two things happening. A big drop here from 6.661, or an extra...

thetradedoc Updated 

CME:6C1! has been consolidating at recent lows for so long. Finally, there has been a break out of a large pennant on the weekly time frame with a smaller bull flag forming now, but can Canada keep the momentum going???

thetradedoc Updated 

The symmetrical triangle indicates buyers and sellers consolidating price into a tight range. When either the buyers or sellers exhaust, the winning side will push price in one direction violently.

thetradedoc Updated 

OANDA:USDCAD swept last years September lows at 1.323. As long as we remain within this yearly range again longs have the upper hand in terms of R/R. Zooming out, USDCAD has reclaimed the handle of a very large sized cup and handle.

thetradedoc Updated 

A risky play here as GBP/USD rejects and falls back under 1.2667. There are two important highlights about taking a short here: 1) Price is still in an uptrend, so sizing must be small because it is risky to go short without confirmation. 2) That said, the potential reward is MASSIVE - considering a final TP around 1.07 you have a R/R of 17:1 A $100 risk...

thetradedoc Updated 

This trade will take a while but is so worth it. Last week's candle showing strong buying support; ready to breakout to new highs. Targets above in orange. I'll start 3 positions, trim 2 at the orange lines and the final at the supply zone above.

thetradedoc Updated 

As you can see, on NYSE:F there is a large area of supply on the daily timeframe from 14.72-15.00. The blue dotted line at 14.55 is a point of control. I have started a small position short on NYSE:F 1-2 months out. Notice the 1 and 4 hour Heikin Ashi candles already showing the start of a bearish trend. I'd like for the daily candles to confirm the bearish...

thetradedoc Updated 

NASDAQ:TSLA pops after hour on news, running up to as high as $246: "General Motors will follow crosstown rival Ford Motor in partnering with Tesla to use the electric vehicle leader’s North American charging network and technologies." We often see stocks pop on news, which gives us a chance to fade the selloff. Beware, just as you should not try to catch a...

thetradedoc Updated 

Best to wait for retest of top of cup and handle to enter long. Next level up at the top of the gap fill.

thetradedoc Updated 

Obviously, going short at every supply zone or going long at every demand zone doesn't work every time. If it did trading would be too easy and no one would lose. So, how do we trap the losers and become the winners? Wait for a liquidity sweep above, most often indicated by a bearish shooting start candlestick with a close back below the supply zone. Previous...