Only trading the break and retest strategy. The break has already happened now I am waiting for a retest with multiple wick rejections to confirm a sell. If the sell opportunity is there I will be looking to sell to the weekly level @1.18430.
Points to be Kept in mind :
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>> Take this trade only when Nifty is red in its pre-market session.
>> Take this trade only if open price of SBIN is equal to or below than previous day close price in pre-market session.
>> Maintain strict stoploss as per risk appetite.
>> Dont overtrade or have blind faith, ask yourself and trade.
And here we are again, after a restless week of persuing profits we enter a Friday FOMO. That magical day of the week where traders are extra pushy to close the week with some profit. What does that mean for you and me? Let's take a look at some market data. 🕶 📊
Monday (1st of March) the start of spring and the start of the week with its all-time-low at ETH...
Today's post is short and sweet - nothing much has changed since yesterday.
Today's pattern, however, is promising a breakout. Macro data says up, micro data says down. It seems that a psychological number of ETH $1550 is a strong anchor and the price was quite stable around that price point ever since Monday!
From my yesterday's post many of you have learned why...
I did initially see a possible start of the precious metal moving back to the main trend pre-end of March, as price began to settle around 1800, a sudden push south the last 7 days may be further indication of a more momentum related push north to return to the trend line from 2018, my long term view did show this dip, (see linked chart below), but with less...
What an extraordinary time we live in! In less than 2 months Elon Must managed to change the crypto world. With the power of a tweet, he managed to double his crypto assets value. And he is not getting a sizable fine! If any of my dear readers remember, last time he performed a similar stunt tweeting about taking Tesla private, he received a $20m fine for market...
We, humans, tend to make a lot of interesting decisions. Some of them are good, some of them are bad and some of them are just what we currently see in the market right now. 👀 Generally, there is a lot of great market data out there. There are a lot of great indicators, support, resistance and so on. Then we add some more fancy properties into the market where...
Gold has been steadily making its way down. We could maybe see on more SHORT entry. Wait for price to correct its way to the fibonacci levels.
See the links below on where you can find more information on how I chart.
Trade Safe!
AUDJPY broke the minor ascending trendline and now we can short for the short term. Once price breaks the correction, put SL above the correction and actively monitor it on the way down adjusting TP to BE and profit.
See links below for more chart mark ups.
From the chart you can see that there are 2 possible areas to short. DXY looks a little ambiguous as well so what we will do is wait and see which way it goes and then jump in on the correction.
Want more in-depth analysis? See below for the links.
Give it a thumbs up if you like the ideas!
Entry details are shown on the chart.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade....
Trend: Bearish (short term)
Structure: Support & Resistance
Plan: We look for AUDUSD to rebound off of the current resistance level. We await candle close in 15 mins to see if price respects the resistance level, if it does then we look for price to fall to previous low
Watch for bear flags on the lower timeframe and enter when flag breaks with stoploss above the correction.
Want more info on how I chart up? See links below.
This is a long position and it's a bit late for entry. It's worth watching though because of the 'theory of curves', for experience.
TOC trades are difficult and are trend following. There are no preset targets and stop-losses are difficult to define. Losses can be heavy but gains can be well in excess of 'harmonic-type' trades. Exiting this sort of trade is...
