Volume
Why Trading Sessions Matter in Forex: Key OverlapsThe Forex market is open 24 hours a day during the weekdays, allowing traders flexibility to trade at any time. However, understanding the best times to trade is essential for effective trading. The market is divided into four main sessions: Sydney, Tokyo, London, and New York, each corresponding to peak activity in key financial centers. Using a Forex Market Time Zone Converter can help traders determine which sessions are active in their local time, making it easier to plan around high-liquidity periods.
Although the market is technically always open, not all trading times are equally profitable. Higher trading volume, which generally occurs during session overlaps, creates ideal conditions for traders. For example, the overlap of the London and New York sessions sees the highest volume, with more than 50% of daily trades occurring in these two centers. Trading at this time, especially with currency pairs like GBP/USD, can lead to tighter spreads and quicker order execution, reducing slippage and increasing the likelihood of profitable trades. Similarly, trading AUD/JPY during the Asian session, when the Tokyo market is active, is advantageous due to higher trading activity for these currencies.
Conversely, trading during times when only one session is active, such as during the Sydney session alone, can result in wider spreads and less market movement, making it harder to achieve profitable trades. Planning trades around high-activity sessions and overlaps is key to effective forex trading.
AUDUSD. Trading opportunityHello traders and investors!
On the daily time frame, there has been a sideways range since August 24 (with point 4 formed). The lower boundary is 0.63478, and the upper boundary is 0.6942.
The seller's vector 5-6 within the range on the daily time frame has reached the target of 0.65604. The buyer has halted the downward movement and is trying to start their vector 6-7 with a potential target of 0.67985.
If we think not in terms of the range, but how the last buyer’s impulse, which started at 0.63478, traders have gathered volume below the 50% level (0.66278) of this impulse, which may indicate an attempt to reverse the price upwards.
We should pay attention to how the price interacts with the 0.6622 level. This is the start of the buyer’s last sub-impulse (which nearly coincides with the 50% level of the last impulse!).
If the buyer manages to break through this level and defend it, this accumulation below the level will provide good fuel for an upward move, and long positions can be sought.
If the seller defends the 0.6622 level, it makes sense to wait for the buyer’s next attempt to reverse the price on the daily time frame, as searching for short positions in the buyer’s context area is risky.
Short positions can be looked for on lower time frames, with lower time frame targets and considering the contexts of both the higher and lower time frames.
A medium-term forecast can be found in the related post.
Good luck with your trading and investments!
Price Action - HFCLCurrent Price Action
The stock has recently shown a bounce back movement from its support trendline, indicating potential strength and buyer interest.
The recent high-high and high-low formations suggest strong interest in the stock, coupled with an increase in volume, which can be a bullish sign.
Volume and Momentum
Increased volume during the recent bounce back suggests strong participation and interest from buyers, which is a positive sign.
Growth Perspective and Fundamental Analysis
Product Portfolio and Diversification
HFCL Ltd. has a diverse product portfolio including Optical Fiber Cable (OFC), WIFI solutions, cloud-based network management systems, and more. This diversification reduces dependence on a single product and enhances growth potential.
The company serves multiple sectors such as telecom, defense, railways, utilities, and security & surveillance, both in the private and government sectors, which provides a stable and growing revenue base.
Conclusion
From a price action trading perspective, HFCL Ltd. shows signs of potential upside with the recent bounce back from support levels, increased volume, and bullish technical indicators. However, it is important to monitor the short-term bearish signals and adjust trading strategies accordingly.
WTI is targeting growth again. H4 05.11.2024🛢 WTI is targeting growth again 📈
Oil is looking at a possible pattern for a segment overlap to the upside in which we will again target a major upside. Price is now approaching the control margin at 73 and from there a local correction may be made and then growth will continue. Major volumes have stayed down and have been buybacks. Also OPEC+ have postponed the increase in oil production which will further support it.
BLACKBULL:WTI
XAU/USD🪙 XAU/USD I have the following preview for this pair>>🖊️ I am still Bearish on 4HTF. I am also BEARISH on 30MTF and again the market left NA below us like yesterday, that means a Short position for me. The idea is we close below VPOC and VAL yesterday and we are below dOpen. I would watch for shorts here.
NZD/CAD continue with the UptrendOn NZD/CAD , it's nice to see a strong buying reaction at the price of 0.82780.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
EUR/CHF Day Trading Analysis With Volume ProfileOn EUR/CHF , it's nice to see a strong buying reaction at the price of 0.94020.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Fair Volume GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
AUD/CAD Day Trading Analysis With Volume ProfileOn AUD/CAD , it's nice to see a strong buying reaction at the price of 0.91130.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Fair Volume GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
Correction Gold. H4 04.11.2024Correction Gold 📉
On gold, I expect a deep correction to the buyers' target zone of 2637-2666.
Just above the zone is the margin and also hits a strong accumulated volume
profile on the rise. Together these factors give a high probability of a price
bounce if it can reach the zone. From the current 2730 from 1/2 of the margin
a bounce is also possible, but given the importance of the current week,
the US elections on 5 November and the Fed rate on 7 November, we should
consider the possibility of a deeper correction.
CAPITALCOM:GOLD
The 3 Reasons Why You Should Buy This StockOn mainstream media
you may have heard that this stock hit a downgrade
and hence was not a good buy to consider all.
First , you should not short
this NASDAQ:HON stock price
Second , try not to use too much margin
when trading this stock price.
Third , create a system that will help you understand
trend analysis..
This is why in this chart we are using
something called the rocket booster strategy
This strategy has 3 Steps:
Step#1: The price has to be above the 50 EMA
Step#2: The price has to be above the 200 EMA
Step#3: The price has to gap up in a trend.
If you try your best to understand
the re-entry of trading systems then you
will be in a better place to understand trading
the capital markets.
Remember to rocket boost
this content to learn more.
Disclaimer: Trading is risky please learn risk
management and profit-taking strategies.
EURUSD. Selling opportunitiesHello traders and investors!
A detailed analysis of the currency pair can be found in the related post. A price drop to the 1.06011 level was expected.
Weekly Timeframe Analysis
On the weekly timeframe, the buyer's vector 7-8 is developing within the range. There was an attempt to resume buying from the buyer’s zone (green rectangle on the chart). The buyer’s bar with increased volume did not bring any results for the buyer: the bar’s closing price is within the seller’s bar with lower volume.
Daily Timeframe Analysis
On the daily timeframe, there was a manipulation of the level marking the beginning of the seller’s last impulse: a false breakout of the 1.08718 level aimed at gathering liquidity, followed by the price returning below the level. The buyer’s attack bar on this level has the highest volume among all buyer bars. The seller pushed the price back below the level, and a seller's zone was formed (red rectangle on the chart).
Summary
On the weekly timeframe, the buyer with increased volume failed to show results.
On the daily timeframe, there was a manipulation of the seller's last impulse level.
Priority: sales. Potential targets on the daily timeframe: 1.07821, 1.07612.
GBP/NZDGBP/NZD I have the following preview of this pair>>🖊️ On the Daily chart we tested the long M2_Daily, when the market reacted with a bullish moment. On the 4HTF we closed below the Long and Short M2 when we are holding below these zones and at the same time we are below the wpoc and we tested the wval, this is short for me. Of course we will see what the market offers on Monday. I have zones set that I will monitor.👀 📝
XAU/USD🪙 XAU/USD I have the following preview of this pair>>🖊️ On the Daily chart we closed in M2 Daily when Friday's candle was pulled down. On 4HTF we closed below Long M2 4H where wpoc and vpoc Friday are located, we also have short M2 here and on 30MTF we are below vwap this is strong resistance for me. If it breaks through and the candle closes above these zones then it is bullish for me, but now I am bearish according to all confluences. I would expect these scenarios. Of course we will see what the market offers on Monday. I have zones set that I will watch.👀 📝
EUR/USD EUR/USD I have the following preview of this pair>>🖊️ On the Daily chart we tested M2_Daily, on the 4HTF we closed below wvah where we closed the entire candle and we are below the Long M2 4H. On the 30M TF we are now in M2 Daily where I would expect a reaction to Long in the M2 4H zone where we have M2 30M and wpoc with npoc>> this is a strong zone for me. Of course we will see what the market offers on Monday. I have zones set that I will monitor.👀 📝
Technical Analysis of QCOMOverview of the Stock and Recent Price Action
QCOM has experienced significant volatility over the past year, with notable movements that highlight key trading opportunities. From November 2023 to June 2024, QCOM enjoyed a strong uptrend, climbing from around $110 to a peak of approximately $220. However, after reaching this high, the stock entered a downtrend, declining to around $160 by November 2024.
Step-by-Step Analysis
1. Trendlines and Channels
Ascending Channel: Initially, QCOM was trading in a steep ascending channel, indicating a strong bullish trend until mid-2024. The subsequent downtrend has formed a descending channel, reflecting bearish market sentiment.
2. Fibonacci Retracement Levels
Support: The $160 level has acted as a significant support area recently, with the stock bouncing off this level multiple times.
Resistance: The $170 level is a notable resistance point. QCOM has struggled to break above this level in recent months.
3. Volume Analysis
There are spikes in volume during significant price movements, such as the peak in June 2024 and the decline thereafter. This suggests strong investor interest and potential institutional activity during these periods.
4. Indicators and Events
Earnings Announcements: Key earnings dates are marked on the chart, which can significantly impact price movements. Traders should watch for upcoming earnings reports.
Potential Price Movement
Bullish Scenario
Entry Point: A break above the $170 resistance level with strong volume could signal a potential reversal and continuation of the uptrend.
Stop Loss: Below $160 to limit downside risk.
Profit Target: The next target would be in the $180-$190 range.
Bearish Scenario
Entry Point: A failure to hold the $160 support level could lead to further declines.
Stop Loss: Above recent highs to avoid false breakdowns.
Profit Target: The next support level would be around $150.
Conclusion
QCOM is currently in a consolidation phase between $160 and $170. A breakout above or below these levels, accompanied by strong volume, will likely determine the next significant price movement. Traders should monitor these key levels and be aware of upcoming earnings and dividend announcements.
Why This Forex Pair Will Go Up In 3 Steps Trading the forex markets
Is viewed as hard and that's okay
Listen on average
The strike price or your position
Size should not be more
Than $100 that's if you are
Trading options
Now it depends with what broker
You are using but to be honest
If you want liquidity then that's
The strike price I would use.
Sadly the liquidity in forex markets
Are very low thats most
Forex brokers offer high margin
Remember each market is different
It will take time to know them..
This chart follows the 🚀 Rocket Booster Strategy:
1.The price has to be above the 50 EMA
2.The price has to be above the 200 EMA
3.The price to gap up in a trend
The last step is tricky because it involves crowd psychology..so you will have to learn more...
Rocket boost this content to learn more.
Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not.
Little rally to trap everyone? Then were caught holding the bag?10-11 expiration for NVDA has way to much open interest at 120 - 130 levels. 118 looks more realistic.
I think we can see a climb to 120-130 early in the week and a huge sell off to 118 to end the week.
If this happens, it opens the door to max pain of 112 - 113 by 10/18.
There are going to be so many traps this months and I think were all in the middle of one now.
Inversely, my theory above could be a trap as well haha. If this is truly a blow off top, $149 -$150 is my absolute peak.