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NQ Power Range Report with FIB Ext - 5/1/2024 SessionCME_MINI:NQM2024 - PR High: 17503.75 - PR Low: 17453.75 - NZ Spread: 112.0 Key economic calendar events 08:15 | ADP Nonfarm Employment Change 09:45 | S&P Global US Manufacturing PMI 10:00 | ISM Manufacturing PMI - ISM Manufacturing Prices - JOLTs Job Openings 10:30 | Crude Oil Inventories 14:00 | FOMC Statement - Fed Interest Rate Decision 14:30 | FOMC Press Conference AMP margin req increase for busy FOMC Wednesday - High vols excpected throughout session - Daily pivot high off 18000 - Holding above prev session low Evening Stats (As of 12:15 AM) - Weekend Gap: +0.16 (filled) - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 300.81 - Volume: 25K - Open Int: 249K - Trend Grade: Bull - From BA ATH: -6.2% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQM2024Long
by mv3trader5
The power of ETF investors in BTC.In the IBIT ETF chart, we see that a gap indicated by the blue line, i.e., a price gap, has been filled today. This price gap represents the gap in the BTC ETF chart in the American markets following Iran's drone attack on Israel. On that day, the price briefly dipped below the $60,000 level due to the influence of the open spot markets and then rebounded from there. Today, the $61,000 level was sufficient to fill this gap. So, what happens next? Firstly, the notion that Hong Kong currently has a significant influence on BTC is widely accepted by the market. Assuming that the average for ETF investors is pricing BTC at $52,000, there's a belief that downward ETF selling pressure could lead to significant institutional exits below $59,000. At this point, it's important to note that gaps will likely be filled in the same manner if they occur in the downward direction. However, in case of an upward movement, the gaps that form may not necessarily appear as significant losses from the institutional perspective. Note: What I emphasize about the closure of price gaps is that they need to be filled by the bodies of the candles, not just the wicks. NASDAQ:IBIT BYBIT:BTCUSDT.P i.hizliresim.com hizliresim.com
by TheCryptoPharaoh
NQ Power Range Report with FIB Ext - 4/30/2024 SessionCME_MINI:NQM2024 - PR High: 17920.00 - PR Low: 17904.50 - NZ Spread: 34.5 Key economic calendar events 09:45 | Chicago PMI 10:00 | CB Consumer Confidence Last day of the month, 1 day ahead of FOMC - Prev session closed virtually flat - Fading from prev highs after a low vol session open - Above half-back of prev session range Evening Stats (As of 12:35 AM) - Weekend Gap: +0.16 (filled) - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 287.87 - Volume: 13K - Open Int: 248K - Trend Grade: Bull - From BA ATH: -4.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQM2024Short
by mv3trader5
NQ Power Range Report with FIB Ext - 4/29/2024 SessionCME_MINI:NQM2024 - PR High: 17877.25 - PR Low: 17852.50 - NZ Spread: 55.25 No significant economic calendar events Climbing back to 18000 - Partial weekend gap fill - Found inventory in 17850s - Above Friday's high Evening Stats (As of 12:35 AM) - Weekend Gap: +0.16 (open < 17840) - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 302.43 - Volume: 23K - Open Int: 247K - Trend Grade: Bull - From BA ATH: -4.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQM2024Long
by mv3trader5
NQ Power Range Report with FIB Ext - 4/26/2024 SessionCME_MINI:NQM2024 - PR High: 17822.50 - PR Low: 17755.25 - NZ Spread: 150.0 Key economic calendar event 08:30 | Core PCE Price Index (2x) Closed prev high with vol spike back to week highs - Faded with strength at open from prev session high - Holding inventory in 17740s Evening Stats (As of 1:35 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 309.22 - Volume: 30K - Open Int: 256K - Trend Grade: Bull - From BA ATH: -4.9% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQM2024
by mv3trader5
CMCM could chasing a Chinese internet stock be profitable? LONGCMCM is on fire with a 90% gain since the earnings report which was not verified by any outside forensic accounting auditors . The Ciniese economy may be recovering with it Cheetah. The price-volume trend is impressive in the past month as a combination of the price moving up responding to spikes of buying volume and positive volatility. I will enter this as a small position chasing the momentum using a trailing ATR stop loss currently $.25 per share. Since I will risk $25 in the trade for this small position I can take 100 shares as a long position. I will continue to watch for selected Chinese stocks responding to the economic recovery to exploit for gain.
NYSE:CMCMLong
by AwesomeAvani
Data Patterns (India) Limited: A Deep DiveIntroduction: Data Patterns (India) Limited is a prominent player in the Defence and Aerospace Electronics sector in India. With a focus on in-house development and manufacturing facilities, the company has been catering to the indigenously developed defence products industry for over 35 years. In this blog, we will delve into the key aspects of Data Patterns (India) Limited, including its product portfolio, manufacturing facilities, ongoing projects, key customers, and financial performance. Product Portfolio and Manufacturing Facilities: Data Patterns (India) Limited offers a diverse range of products, including radars, underwater electronics/communications/other systems, electronic warfare suite, BrahMos programme, avionics, small satellites, and ATE for defence and aerospace systems. The company's manufacturing facility spans across 200,000 sq. ft and is equipped with design, manufacturing, qualification, and life cycle support of electronic systems used in defence and aerospace applications. The facility has an EMS assembly capacity of 600 boards/day and employs 1,130 employees, with 700+ qualified engineers as of March 31, 2023. Ongoing Projects and Key Customers: The company is currently engaged in the supply of critical products to several prestigious defence projects in India, including the Light Combat Aircraft (LCA), the HAL Dhruv, Light Utility Helicopter (LUH), and the BrahMos missile programme. Key customers include Bharat Electronics Ltd (BEL), Hindustan Aeronautics Limited (HAL), the Indian Space Research Organization (ISRO), and Defense Research and Development Organization (DRDO). DRDO contributed 42% of the total turnover. Financial Performance: In FY22, the company raised 588 crores through an IPO, with 240 crores being a fresh issue and the remaining 348 crores being an offer for sale. The IPO proceeds were utilized for expanding manufacturing and testing facilities in Chennai and enhancing the system integration facility. In FY23, the company raised further funds of 500 crores through QIP for the development of satellite, radar, electronic warfare, and communications products. As of March 31, 2023, 51.21 crores was unutilized from the IPO proceeds, and 462.73 crores was unutilized from the QIP proceeds. Technical Analysis: From a technical perspective, the regression channel pattern applied on the weekly timeframe indicates a breakout failure in September 2023, followed by another potential breakout. This could be an opportunity for long-term trend trading on an undervalued stock. Conclusion: Data Patterns (India) Limited is a leading defence and aerospace electronics solutions provider with a strong product portfolio, manufacturing facilities, and a diverse customer base. With ongoing projects in the defence sector and a focus on product development, the company is well-positioned for growth. The technical analysis suggests a potential breakout, which could be an opportunity for long-term investors.
NSE:DATAPATTNSLong
by stocktechbot
NQ Power Range Report with FIB Ext - 4/25/2024 SessionCME_MINI:NQM2024 - PR High: 17486.75 - PR Low: 17437.25 - NZ Spread: 110.25 Key economic calendar events 08:30 | Initial Jobless Claims - GDP Strong inventory run to close prev session - Mechanical print resulting in pivot back into 4/23 range - Another technical session gap that structurally filled but left room to the close - Full gap fill at 17509 Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 294.38 - Volume: 28K - Open Int: 253K - Trend Grade: Bull - From BA ATH: -6.5% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQM2024
by mv3trader5
NQ Power Range Report with FIB Ext - 4/24/2024 SessionCME_MINI:NQM2024 - PR High: 17698.50 - PR Low: 17664.00 - NZ Spread: 77.0 Key economic calendar events 08:30 | Durable Goods Orders 10:30 | Crude Oil Inventories Daily gap up print of ~65 points, 0.35% from prev close - Climbing above prev session high - Inside lows of 4/17 range Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 295.59 - Volume: 30K - Open Int: 254K - Trend Grade: Bull - From BA ATH: -5.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQM2024Long
by mv3trader5
NQ Power Range Report with FIB Ext - 4/23/2024 SessionCME_MINI:NQM2024 - PR High: 17371.75 - PR Low: 17329.25 - NZ Spread: 95.0 Key economic calendar events 09:45 | S&P Global US Manufacturing PMI - S&P Global Services PMI 10:00 | New Home Sales Prev session closed as double wick inside bar - Holding near prev session close Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 4/18 +0.04% (open < 17665) - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 290.59 - Volume: 26K - Open Int: 264K - Trend Grade: Bull - From BA ATH: -7.3% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQM2024Short
by mv3trader5
NQ Power Range Report with FIB Ext - 4/22/2024 SessionCME_MINI:NQM2024 - PR High: 17263.00 - PR Low: 17196.00 - NZ Spread: 150.0 No key economic calendar event Volatile open creating relatively wide range - Holding above Friday's close - Value declined back to Dec-Jan range Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 4/18 +0.04% (open < 17665) - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 291.55 - Volume: 37K - Open Int: 267K - Trend Grade: Bull - From BA ATH: -7.7% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQM2024
by mv3trader5
Wells Fargo Quietly Breaks OutStocks inched lower yesterday, but not Wells Fargo. The first pattern on today’s chart is $58. WFC was trapped below that level since March 12, but closed above it on Thursday and reached its highest level in over two years. That may suggest the bank stock is breaking out. Second, Bollinger Band Width highlights the narrow consolidation since early April. Will that price compression give way to price expansion? Third, WFC is back above its 21-day exponential moving average. Traders could view that as evidence of a bullish trend. MACD is also trying to turn higher. Finally, there have been some positive news events. The Office of the Comptroller of the Currency (OCC) terminated a cease-and-desist order on February 15 and earnings beat estimates on April 12. (The stock initially dropped but advanced this week.) TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:WFC
by TradeStation
NQ Power Range Report CORRECTION - 4/19/2024 SessionCME_MINI:NQM2024 - PR High: 17543.00 - PR Low: 17520.00 - NZ Spread: 51.5 Evening Stats (As of 1:55 AM) - Weekend Gap: N/A - Gap 4/18 +0.04% (open < 17665) - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 301.12 - Volume: 144K - Open Int: 260K - Trend Grade: Bull - From BA ATH: -7.0% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQM2024Short
by mv3trader5
NQ Power Range Report with FIB Ext - 4/19/2024 SessionCME_MINI:NQM2024 - PR High: 17543.00 - PR Low: 17520.00 - NZ Spread: 51.5 No key economic calendar events Heavy selling through prev session - Below prev daily supply, 17400 - Found inventory response inside mid Jan range - Establishing value between 17240 - 17390 Evening Stats (As of 1:55 AM) - Weekend Gap: N/A - Gap 4/18 +0.04% (open < 17665) - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 301.12 - Volume: 144K - Open Int: 260K - Trend Grade: Bull - From BA ATH: -7.0% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQ1!Short
by mv3trader5
NQ Power Range Report with FIB Ext - 4/18/2024 SessionCME_MINI:NQM2024 - PR High: 17685.50 - PR Low: 17670.00 - NZ Spread: 34.5 Key economic calendar events 08:30 | Initial Jobless Claims - Philadelphia Fed Manufacturing Index 10:00 | Existing Home Sales Value continuing to decline below 17000 - Responding to 2/21 inventory Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 4/18 +0.04% (open < 17665) - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 282.68 - Volume: 21K - Open Int: 254K - Trend Grade: Bull - From BA ATH: -5.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQM2024Long
by mv3trader5
NQ Power Range Report with FIB Ext - 4/17/2024 SessionCME_MINI:NQM2024 - PR High: 17916.00 - PR Low: 17896.00 - NZ Spread: 44.5 Economic calendar event: 10:30 | Crude Oil Inventories Prev session closed flat - Maintaining 50% of prev session range - Above Monday's close Evening Stats (As of 12:55 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 277.30 - Volume: 28K - Open Int: 253K - Trend Grade: Bull - From BA ATH: -4.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQM2024Long
by mv3trader5
HOW-TO: Cyato Grid BotThe grid strategy is one of the most popular and interesting in the world of crypto and forex trading. Simply because it abuses volatility, market fluctuations, and those markets are well known for it. In this guide, I will explain the strategy and showcase a powerful grid trading indicator that can help traders to better understand and implement this strategy. █ The Key to the strategy It involves placing buy and sell orders at predetermined intervals or levels, called "Grid Steps". If a step is crossed to the downside, the strategy will buy. If price crosses a step to the upside, the strategy will sell. The last step to be crossed becomes inactive. When configuring the strategy, the process is pretty simple. The user can choose the number of steps with a higher and lower step price. With just these 3 settings, you can create a strategy. Now, the challenge with grid trading, is to optimize these 3 settings. █ Maximizing its effectiveness The first thing you want to do before even going into the settings is to find a suitable market for it. You want these 3 requirements:  • A ranging/going sideways market  • High volatility  • High liquidity For example, ETH/BTC is one of the most traded pair in grid trading. It has good volume for the strategy, behaves in a range since late 2021, and has decent volatility daily. █ Knowing the risks Very often, the lowest step is used as a stoploss. As with every trading strategy, there are risks and it is important to understand it. With grid trading, we take a bet that price will fluctuate in a range, and abuse that assumption to profit from price action. If price decides to leave the range, there is one scenario that will put us at risk. In the scenario where price breaks to the top, we are fine, this is take profit. However, if price breaks through the bottom (lowest step), we will find ourselves with a lot of buy orders above current price. That means we have unrealised loss. Now two difficult two choices are in our hands: sell at a loss, expecting price to go lower, and stop the strategy to start a new one at lower prices. Or wait until price climbs back up. In this example, we set a stop loss at 0.063 BTC below the lowest step, and price falls down to 0.048 BTC. If we decided to hold, the unrealised loss would grow bigger as price drops. Now that we know what are the risks, let's see how is profit calculated. █ Calculating Grid Profit We will have two types of profit when grid trading. One this called grid profit. Grid profit is generated every time a step is bought and sold at a higher price. The grid step "height" is the spacing between two steps, usually visualised in a % percentage of price. The sum of all the profits generated from the grid steps is the grid profit. The second type of profit is the open profit. This one is really important and should not be forgotten when calculating your strategy PNL. To put it simply, it is the profit or loss that would be realised if you would close all the open orders at current price. The open profit can vary a lot and it is crucial to know its value when you are looking to take profit or stop the strategy. In this example, I chose round numbers to make it easier. I used 2000 usd as initial capital for the strategy, which contains 20 steps. The strategy will therefore split this equally through the steps, so 100 usd per steps. I chose a grid step of 1.1% of price, which is makes around 1% after fees. It will consequently take 20 closed steps to generate 1% grid profit from the initial capital. After running the strategy for 74 days, we have 21 steps closed, which makes a tiny bit more than 1% grid profit in total. However, the open profit from the 12 orders still open is negative because price dropped. If we were to close all open orders and stop the strategy right now, the total profit would be 1.03 - 4.35 = -3.32 % We can see that it would not be a good time to stop the strategy, and shows that grid trading needs time to generate grid profit. That is why even though it is run on low timeframes, it remains a long term strategy. █ Cyato Grid Cyato Grid is a powerful indicator that can help to better understand and implement this strategy. I will now explain the key features and settings of the indicator, provide examples of how to use it in real-world trading scenarios, and offer tips and advice for maximizing its effectiveness. Backtesting As soon as you set the 3 settings - number of steps, lowest and highest price -, you will get results in the Strategy Tester and in the Backtest table in the top right of the chart. Those results will vary based on your strategy initial capital and order size. The order size being the amount to buy on each step, and is usually the same for each step. A good practice is to divide your inital capital by the number of steps to make sure you will never run out of funds to run the strategy. Order Type The strategy can be configured to use market or limit orders, as you prefer. With market order type, the strategy will place market orders at the current price every time a step is crossed. This allows to ensure that every order is filled, however you are subject to buy and sell a bit higher or lower than the exact grid step prices, and you will pay taker fees. With limit order type, the strategy will place limit orders. This allows to ensure that the strategy will buy and sell at the exact step prices and pay maker fees, which are usually less than taker fees. To make it work, the "Start Date" setting comes into place. Key Features  • Price percentage % step   Lets you set a price percentage between steps. The grid is then generated starting from lower or upper, configurable.  • Trailing Up    Automatically creates new steps when price climbs out of range.  • Trailing Stop    When trailing up is activated, the stop loss will dynamically follow the lowest price.  • Take Profit    Secure profits by stopping the strategy once total volume (grid profit and open profit) reaches a configurable percentage %. Automation You can fully automate the strategy through its alerts. Set the alert messages for buy, sell, take profit, stop losses directly in the indicator settings. Use the parameter "alert() function calls only" and you're good to go. It will use only 1 alert slot to run the whole strategy. Since it is not possible to place orders directly in TradingView, you will need a bot-software to do it. You can use any bot that work with TradingView alerts. Now, I offer a bot system for Binance along with the indicator. More info on my website, link below. Sample Use cases Crypto BNB/BTC BNB/ETH LTC/BTC Forex GBP/JPY EUR/JPY NZD/USD Tips and advice 1 — Set up the grid properly: Make sure you have a clear understanding of the asset you're trading and the market conditions that are affecting it. Set your grid levels based on your analysis of the asset's price movements and volatility. 2 — Adjust the grid as necessary: Keep an eye on market conditions and adjust your grid levels as needed. This will help you capture gains and limit losses as the market moves. 3 — Use proper risk management: Make sure you have a clear understanding of your risk tolerance and use appropriate risk management techniques, such as setting stop-loss orders, to limit your potential losses. 4 — Don't overtrade: Grid trading involves placing a large number of orders, so be mindful of transaction costs and don't overtrade. This will help you maximize your profits and reduce the potential for losses. 5 — Consider using automated software: Grid trading can be automated using software, which can save time and reduce the potential for human error. Consider using a reputable software provider and test your strategy thoroughly before using it in live trading. 6 — Keep a trading journal: Keeping a trading journal can help you evaluate your strategy and make improvements over time. Record your trades, including the grid levels and any adjustments you make, and evaluate your performance regularly. 7 — Stay disciplined: Stick to your strategy and avoid making emotional decisions based on short-term market movements. Stay disciplined and focus on the long-term profitability of your grid trading strategy. ═════════════════════════════════════════════════════════════════════════ █ SCRIPT ACCESS Indicator and automation tools access can be purchased on my website. The link is in my signature below.
Education
by cyatophilum
7
NQ Power Range Report with FIB Ext - 4/16/2024 SessionCME_MINI:NQM2024 - PR High: 17891.75 - PR Low: 17874.25 - NZ Spread: 39.0 Key economic calendar event 13:15 | Fed Chair Powell Speaks Broke 200+ points below Mar inventory and holding - Ranging below prev session low - 17800 daily inventory from Feb Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 287.80 - Volume: 40K - Open Int: 257K - Trend Grade: Bull - From BA ATH: -4.5% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQM2024Short
by mv3trader5
USDUSD Oil Prices react to Middle EastOn Thursday January 11th ( earlier today) WTI Crude prices gyrated widely likely in reaction to US /UK intervention on the terrorists who seized a tanker on the behalf of Iraq in the Red Sea / Suez Canal area putting shipping and supply concerns into the oil industry to offset any weak demand. The 15 minute chart shows a megaphone pattern as a demonstration of waves of relative volatility in price action. I have a position shorting oil and will now close that position as I see a long entry developing here. US companies that use rail and pipeline matching domestic production to consumption are less impacted by this oceanic shipping issue. I will focus on them especially. OXY is at the top of the list and then MRO.
EIGHTCAP:USOUSDLong
by AwesomeAvani
6