Market Alpha Sunday Futures UpdateES Mini is down but trying to recover. A lot of concern on the horizon for the markets. I would see how the futures process the word "tapering" from Fed Chair Jerome Powell.
Summer months are typically relaxed trading months but this summer could be much different if inflation turns out not to be transitory. Stagflation is the biggest fear for the market and overall economy.
Daytrader
USD/SGD Long - 01 June 2021 | Hybrid Move Result: +3.00%Hey all,
Another quick breakdown of one of our key strategies.
The trade initiated from a Daily Jr. Zone stacked with a key quarterly and monthly trendline and of course a clean weekly area of demand. Beautiful price-action in my opinion at the higher-timeframes.
The overall higher time-frames were perfect when the trade was executed and the Dollar index was also located in multiple layers of demand. The last couple months we've been eyeing the dollar
for a clean recovery higher, the main reason for this was the fact that price was located in a key area of value at the monthly time-frame, at the weekly time-frame and at the daily time-frame as well|
by stacking our unique zones, we can gain an edge in the markets and by utilising multi currency analysis this trade was executed live together with a scale-in position which is still running with an additional
+3.16% locked in profits due to our trailing stop loss.
The 4hour entry was formed strongly after a bit of slowing down for the recent 4hour candlesticks. Price exploded to the upside due to fundamentals, even though we do not
trade fundamentals or check the news due to the subjectivity of it, we do love the volatility it brings to the table.
Text book setup in my opinion which provided some good profits.
Kind regards,
Max Nieveld
Hands up anyone else on EURUSD longs? 🙋♂️🙌The USD weakeness is being picked up by out script.
EURUSD long is now in full swing.
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
------------------------------------------
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. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
No its not a picture of Mickey Mouse...🐭It's a super clear diagram on what key ingredients you need to find the 'sweet spot' = profitability.
The thing is, most people are desperately hunting for the holy-grail, you know - that 100% winning strategy... the silver bullet.
It doesn't exist - I'm sorry. 😢
So even a profitable strategy that's awesome can blow your account if the other 'factors' are not considered....
Greed and risk management.
With poor risk management you can blow your account on a profitable strategy.
Much like if the casino didn't set a trade limit - they could go bust if a gambler got 'lucky' - because its the casino that has the mathematical 'edge', right?
You must factor in your losing runs to ensure you not exposing your account to the 'risk of ruin'.
So yeah a profitable 'edge' is key, but without managing your mindset and using effective risk management, its actually useless too.
Having an understanding of probability is fine too - but if you don't execute your 'edge' or if you don't have one, you won't be profitable too.
And lastly, yeah - you can have your risk management nailed on - but if you've not got a profitable edge too, you'll lose money.
Just less money.
You could absorb 500 consecutive losses on a £1000 account at 1% risk per trade, but you'd only have about £6 left. Your strategy would have to be really poor for that to happen!
But you catch my drift, that effective risk management is vital.
So in summary, you need these three key ingredients...
Strategy with an Edge
Effective Risk Management planning for probability
Trading Psychology - (greed under control, no fear, discipline, resilience, etc)
You can't get to the 'sweet spot' without all 3 being in perfect alignment.
Good luck.
Darren
If this helps - please show me by liking this post if you can, its appreciated and I'll do more like this 😎
BEWARE IMPORTANT COPPER PRICE LEVEL - HG1! - COPPER - DAILYThank you for your likes and comments! Really appreciated! This is an idea about Copper price, not a financial advice.
___________________________________________________________________________________________________
The HG1! Copper Futures have been continuously rising... almost a year.
We realized that summer is coming and that this market have been beating all the selling power trying to bring it down of slower it>
How long is it going to last?
The blue lines represent the channel that the price is following. Being at the top of this channel and seeing a possible strong signal of a pullback, the probability of seeing the market profile change has risen.
The volume involved where huge but will it again beat it and keep going up further?
The next step down is probably at the dotted red horizontal line. Some other "super volumes" interventions happened in that past at that price level.
For a day traders, this is probably something to keep an eye on> For a longer term trader, lowering the exposition is probably smart at this price level. Reentering step by step after this level is passed or when the deep happens.
GBPUSDtaking into account the fact that USD is currently weak and that the pair still has momentum, it is still on the rise .... I think that GBPUSD can go up then we check to see if the price rejects.
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
XAUUSD PREMARKET ANALYSIS- 5 May, 2021, 1611 CTOVERALL TREND BIAS- BULLISH
Price movement- consolidating in a channel the past couple of days before market closure.
This looks like bullish flag pattern that's forming on the daily TF and multiple wick rejections to the downside signify a strong bullish trend that may push the price higher.
Looking for only buy setups here. and targetting the 1800 and 1815 ranges this week as potential TP levels.
US30 Take Profit Had a very successful trading morning. Hope you'll did as well.
Price kept playing around my asian box before finally giving me the push down I needed.
When I previous marked up my chart it was around 1am est time. So my chart was done pretty early. Based off how the market moved and how late my move took place. I will wait till NY session to trade and to markup a US indice.
also doing some research on best times to trade this type of pair is going to be between the times 9:30am-11:30am. My move finally happened but it happened around 9. So from here on out, I will be marking up a little bit before opening US markets.
Please feel free to leave any advice that will make me a better trader. Thank you
Happy Trading.
** XAUUSD ** gold sell trade currently openHi all, hope your having a great week, really happy with current performance for the strategy, forward testing is showing solid results across the board.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
Strategy Report
OverviewPerformance SummaryList of TradesExport
$ 3089.95
3.09 %
Net Profit
22
Total Closed Trades
63.64 %
Percent Profitable
2.199
Profit Factor
$ 2016.48
1.99 %
Max Drawdown
$ 140.45
0.14 %
Avg Trade
13
Avg # Bars in Trades
** EURAUD ** sell trade currently open, will it hit take profit?Hi all, hope your having a great week, really happy with current performance for the strategy, forward testing is showing solid results across the board.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
Strategy Report
OverviewPerformance SummaryList of TradesExport
$ 3089.95
3.09 %
Net Profit
22
Total Closed Trades
63.64 %
Percent Profitable
2.199
Profit Factor
$ 2016.48
1.99 %
Max Drawdown
$ 140.45
0.14 %
Avg Trade
13
Avg # Bars in Trades