Crude oil LONG First try I will make a new analysis because you have the whole downward movement described in detail step by step.
Now we looking for long. First try there, if we go done eyes are fixed on 80$. WHY?
100, 200, VAH last range. Below that I am not bullish anymore because we should not go back to the old range.
Tradingstrategies
CRUDE OIL UPDATE SHORT TERMAfter showing a weakening, profit was taken at $92 and I'm ready to jump in if the setup shows something bullish.
The red rectangle shows where the orders are and that the price failed to close above and therefore we got a new weekly level.
These are the two probabilities I'm looking at, which give the same result for LONG.
The Techniques
Below I am looking at 0.3 Fibonacci, the wave of the last range (05.Oct-5.Nov.), the last Higher High, 100 Weekly MA and 50 Daily MA.
My final target is still $104-$106, but if the setup is shown, of course I will enter again.
Is EURUSD going to reach its 50% OE target?(3)We had entered EURUSD on the daily confirmation bar on a short trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. As per pour previous posts, after the Fed News, our stop did not get hit and the trade went further in our favour to hit our target 9 days later after entry.
EURUSD(Short)
E - 1.0642
ISL - 1.0761
T - 1.0542
Target hit at 1.0542 for
£840 @ £1000 risk.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
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Reference Previous chart image:
EURUSDHello everyone! As of today, I see two potential scenarios for intraday trading.
1 (marked in black) - The scenario involves breaking the Asian high with a potential target set at the Asian low.
2 (marked in red) - This scenario focuses on breaking the fractal high in the 1.05 zone, with targets around the Asian low.
We maintain a short context both on the daily and hourly charts.
NZDCAD ____ INCOMING BEARISH MOVEHello Guys,
Price has traded into the weekly orderblock and my speculation is a reaction from this order block. Note that price traded into this zone whilst forming a W pattern on the weekly chart.
Also, Price has swept the inducement on its way to the weekly order block.
See my profile for more updates.
Below are correlated pairs.
AUDCAD
EURCAD
GBPCAD
Cheers,
Jabari
EURGBP _____ INCOMING QUICK SHORT TRADEHello Guys,
How has the week been so far... Well for me, kinda bumpy but it's part of the game so I'm good.
Anyways, here we have a pair that just swept a monthly high (buy-side liquidity) and price formed a CHOCH on the daily timeframe, hence, the daily supply order.
I have set an alert for when the price will trade into the daily order block. Once that happens, I will drop down to the 1-hour timeframe to see if I will get my trade setup to go short.
Follow for more updates like this.
Cheers,
Jabari
Live Trading Session 240: Live positions on Gold and EurIn this live trading session video,we look at our live running position on gold and the closed trade on EURUSD. Both these trades were take live on the RTCT webinar and still running. They are based on the Smart money framework,cycle methodolgy and volume principles.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
The Dance of Support and Resistance in Forex and Gold 💃🏦✨
Support and resistance levels are like the heartbeat of the forex and gold markets, constantly pulsating with potential trading opportunities. But what happens when these vital levels flip roles? In this comprehensive guide, we'll explore the intriguing phenomenon of how support can morph into resistance and vice versa. Through real-world examples, you'll discover the dynamic interplay of these key levels and how they can shape your trading decisions.
Understanding the Flip: Support Becomes Resistance and Vice Versa
Support and resistance levels are fundamental to technical analysis, often seen as static lines on a chart. However, the market's fluidity means that these levels can switch roles over time. Let's delve into why and how this flip occurs:
1. Support Becomes Resistance
When a former support level switches to become resistance, it's often due to a change in market sentiment. Traders who previously bought at that support level may now turn into sellers, creating resistance.
2. Resistance Becomes Support
Conversely, resistance levels can transform into support zones when market dynamics change. Traders who previously sold at resistance may now view it as a buying opportunity, creating support.
3. Psychological Factors
Psychological factors play a substantial role in this support/resistance dance. Traders' perceptions of key levels can influence their behavior. Breakouts above resistance or below support can trigger a herd mentality, leading to a swift role reversal.
Understanding the fluid nature of support and resistance levels is a valuable tool for forex and gold traders. These key levels don't remain static; they evolve with changing market sentiment and events. By recognizing how support can become resistance and vice versa, traders can adapt their strategies and make more informed decisions. This dynamic interplay adds an exciting dimension to technical analysis and can be a significant asset in your trading journey. So, join the dance of support and resistance, and let it guide your path to trading success. 💃🏦✨
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Live Trading Session 239: Open & closed trade on BTC,Gold & moreIn this live trading session video,we look at our open and closed positions and the potential trades setting up for the week on GBPUSD,S&P 500,Brent Oil,Bitcoin and many more.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Exploring the Different Types of Orders in Trading 📊📈💹
Ordering success in the dynamic world of trading requires precision and strategy. Understanding the various types of orders at your disposal is akin to wielding different tools for different situations. In this comprehensive guide, we'll delve into the diverse universe of order types in trading, unraveling their purposes and when to employ them. Through real-world examples, you'll gain a profound understanding of how these orders can be the pillars of your trading success.
Types of Orders in Trading
Trading platforms offer a plethora of order types, each designed to serve a specific purpose. Here are four fundamental order types:
1. Market Order: The Need for Speed
A *market order* is executed at the current market price, guaranteeing immediacy but not a specific price. Traders use market orders when they want to enter or exit a position quickly.
2. Limit Order: Price Precision
A *limit order* specifies a particular price at which you're willing to buy or sell an asset. It ensures price precision but doesn't guarantee execution if the market doesn't reach your set price.
3. Stop Order: Managing Risk
A *stop order* becomes a market order when a specified price level (the "stop price") is reached. Traders use stop orders to limit potential losses or trigger entry into a trade when a particular price is breached.
4. Stop-Limit Order: Precision and Control
A *stop-limit order* combines elements of a stop order and a limit order. It involves two prices: the "stop price" and the "limit price." When the stop price is reached, the order becomes a limit order, specifying the minimum price at which you're willing to buy or sell.
Understanding the various types of orders in trading is crucial for executing your strategies effectively. Whether you're aiming for speed, price precision, risk management, or a combination, there's an order type that suits your needs. By mastering these tools and deploying them judiciously, you can navigate the complex world of trading with confidence and strategy. Remember, the right order at the right time can be the key to your trading success. 📊📈💹
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Is EURUSD going to reach its 50% OE target?(2)We have entered EURUSD on the daily confirmation bar on a short trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. As per pour previous post, after the Fed News, according to our OE tables, the more than 50% likely chance of the weekly potential low got fulfilled. Ahead of the Fed news, our stop was at the initial place according to the chart at 1.0761 according to our strategy rules. The Fed news bar did not stop us out, even though it went further up and then shot back down and formed a big outsider bar as in the image. As of yesterday our trail is at the high of the Fed News Outsider bar at 1.0739. We are still abit of distance away from target. We will stick to our plan with discipline and see how this trade plans out for the law of numbers to work. Do refer to our previous post images and links below.
EURUSD(Short)
E - 1.0642
ISL - 1.0761
T - 1.0542
TSL currently at 1.0739
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Reference weekly image:
Is USDJPY going to reach its 50% OE target this time?(3)We had previously entered USDJPY on the daily confirmation bar on a long trade. This is based on a daily P1 trend continuation move, and along with a weekly continuation trade move according to our smart money framework indicator. Ahead of the Fed news, we had trailed our stop to low of IB-1 at 147.32 shown as TSL 1 on the chart image. The Fed news bar did not stop us out on our trail but shot back right up and formed a big outsider bar as in the image. As of yesterday our trail is at the low of the Fed News Outsider bar at 147.46. We are a few pips from target but as of now, we are seeing a strong seller bar. We will stick to out plan with discipline and see how this trade plans out for the law of numbers to work. Do refer to our previous post images and links below.
USDJPY(Short)
E - 147.45
ISL - 146.10
T - 148.55
TSL currently at 147.46
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Reference Image:
Paving Your Path to Millionaire Status in Forex: 2 Proven Routes
The allure of becoming a millionaire through forex trading is a dream shared by many. While forex trading offers substantial profit potential, it's also a challenging arena that demands skill, discipline, and strategic thinking. In this comprehensive guide, we'll explore two compelling ways to embark on the journey toward millionaire status in the world of forex. Through real-life examples and insights, you'll gain a deeper understanding of the routes that can lead you to financial success.
1. Mastering the Art of Trading: Skill and Discipline
Becoming a millionaire in forex through trading involves honing your skills, developing a disciplined approach, and managing risk effectively. Here are two examples of how traders have achieved this goal:
Swing Trading Mastery
Algorithmic Trading Success
2. Investment and Management: Growing Wealth Through Funds
Another avenue to millionaire status in forex involves building wealth through investment and fund management. Here are two examples:
PAMM Account Manager
Proprietary Trading Firm Founder
Becoming a millionaire in forex is a lofty goal that demands dedication, skill, and strategic planning. Whether you choose to master the art of trading or opt for investment and fund management, success is achievable with the right approach and mindset. While the journey may have its challenges, the destination of millionaire status is well worth the effort. By embarking on one of these two proven routes and staying committed to your goals, you can turn the dream of forex millionaire status into a reality. 💰📈🚀
Let me know, traders, what do you want to learn in the next educational post?
Is US30 low at 34024 going to hold and confirm weekly bottom?(5)US30 has now recently made a lower high and is now in an extended market compression. For us to consider trailing our stop, it has to take out the first swing high at 35012 and then at 35098 as shown on chart image. Once it does take out both those levels, it has a higher probability to confirm the weekly bottom.Let's see how the trade plans out according to our smart money framework indicator.
US30(Long)
E - 34607
SL - 34023
T - To be confirmed(TBC)
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Refn Image of Weekly timeframe
Is BTCUSD third attempt at 24919 going to hold?(2)Bitcoin is still on the upmove and holding its potential weekly bottom level of 24920. Price structural level of 24756 on the weekly timeframe is still holding and has not been broken yet to give a trend change. Next level for BTCUSD to break through for further strength to the upside is the last swing high level at 28142 as in image above. We have entered this trade as per our previous post on 4h confirmation bar on a reduced risk(Refer to image below).
Trade order details
BTCUSD(Long)
E - 26086
SL - 24919
T - TBC
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
1.Trader Starter Pack 5 day video course
Look on our channel profile or at our signature section to access it
2.7 steps to achieve consistent trading performance
www.tradingview.com
3.7 steps for strategy construction
www.tradingview.com
Refn Image of Weekly timeframe