BTCUSDT - UPDATEBTCUSDT price hit exactly a support and bounced. Bulls react quickly and bring the price back into the range. That is a good sign for long traders, but can they contain for a few sessions? A BIG ASK!
On Monthly, Prospective is still on a bearish side because strong support is still untied. Any downside can create excitement for Short traders towards 37K or further. So play smartly!
Editorpicks
BTCUSDT - SETUPBTCUSDT price is ranging after giving a breakout on a shorter timeframe between 40700-40300. Now breakout is inevitable, Price got a rejection from EMA 21 and any closing above this level ignite a move. On the flip side price should maintain an HL otherwise we may see a downside up to 39300 - 39400 initially.
BTCUSDT - POSSIBLE SCENARIO!BTCUSDT price showed some negative momentum yesterday and approached the critical level aggressively, now a relief bounce happened in a shorter time frame but let it be mature on the at-least 1D frame. If bulls retain and regain that area, we could see a roller coaster ride in the coming session. Like a little wick can create a panic situation and a quick pull back can be seen. So watch out carefully!
Supply and Demand Strategy Explanation (read)Hello Traders. Welcome to this Post about How to properly trade a supply level according to my strategy. In this post first post we will talk about how to draw it. if you can memorize the simple methodology, then you can start applying more advanced theories on top of them! and if you are able to draw and spot it you can find accurate scenarios. Make sure to follow for more content
Frequent Questions :
How to Draw a Supply level ?
When to Know when we have a valid high probability Level? and a low probability level
When a Supply level is invalidated?
When to execute a trade in a valid area?
Where should I take profits?
-----
okay first thing first
How to Draw it ?
You just need to start with current price on the chart . Then look left and down until you find the origin of a very strong drop in price.That's what we call the origin. Understand that behind every drop and strong mouvement someone is behind leaving a footprint and is able to do whatever he need to protect his position from losing money
Identify the base , order block , origin or whatever you call it and mark it from the messy top of the base and the wick to the extreme bottom or body.
When to Know when we have a valid supply Level?
Rules:
Well it's all about probabilities , there is no certainties in this game.
When you have a very strong bearish monthly structure or macro structure, supply levels tend to be accurate a stronger. In that case we are trading with the market flow and we are following the main direction.
By other side , when you find supply level in a strong bullish structure that's what we call a low probability trade , it might work but remember that you are swimming against the flow of the river.
When to execute a trade in a valid supply area?
→ It is possible that price retest the zone. If that happens , from my experience you need to combine multiple factors. One of the most important is the fundamental. when you have a strong fundamental trend confirmed , then a pullback into a supply level in a strong downtrend structure is valid. By other side when you have valid micro signals in a valid macro sell zone then, probably price will be using the supply level to the downside. Usually a high probability supply level is the one that broke a previous low , in that case we are sure that we are trading with the momentum.
When a Supply level is invalidated?
❗The purpose of Supply levels are to push the price to the downside. in that way a supply level is invalidated when price cross beyond the base . By other side if price consolidate a lot in a strong supply level and slowly start to break the zone keep in mind that the price can slide up and totally invalidate the supply zone . make sure to only trade the first retest of the zone. Never trade MULTIPLE retests. remembers big players that entered in the zone that you sold don't want to see price crossing beyond the area.
❗Watch out for the big time frames trend
I will leave few examples in the update section
I hope this Educational Post was helpful . Make sure to follow and let me know in the comment section if you trade supply and demand ? have a nice day!
Why Traders Suffer From Analysis Paralysis In TradingAnalysis-Paralysis In Trading This is an article I’ve been avoiding. Maybe it’s cos’ I’m guilty of it.
You know, A bunch of knowledge makes—jack cross the rubicon.
It’s December 1, 1990. ugh… what a glorious day! I mean—I’m grateful I survived. Are you? (rhetorically—cos’ I talk to myself a lot). Anyway, I finally get to attend “School of Candles” in Pretoria.
South Africa is a great country but, only because they have one of the best—Trading schools in the world. Hashtag “respectfully” .
I mean—Finally! Heh… I’m here. The Oakland… miserable red-collar guy is here. Can you believe it? Considering all the blown accounts and failed trades—I finally left the country to… South Africa.
Pfft… Don’t mind my excitement—at least—I’m not sitting on my a*s reading this article because I have a problem. You are!
i’m pretty sure you haven’t travelled out yet and it’s cos’ you keep losing. You’re a loser! At least… someone had to tell you.
Don’t worry that makes two of us. Yeah—you and uh… you!
Ugh… duh… I know you are not here for my—school of candles story. You’re here cos—you are stuck!
Am I right?
Anyway, I’ll help I promise. But, you have to promise me that I won’t be wasting my time. Do you promise? Okay—Great.
So…
Analysis Paralysis In Trading (What Does That Even Mean?)
Look at them… so peaceful. Quick question—Have you ever really stopped to watch kids play? The laughter, glee, ambience, passion—so peaceful; so serene!
These guys literally have nothing to worry about. Don’t you miss that?
When last did you laugh? No… like actually laugh. These days—we have to watch a funny illiterate online to… crack up. How miserable can one’s life be?
So sad; so depressing and why’s that?
I don’t know about you—but, I miss those days. Nothing to worry about.
You’re probably wondering, “What’s he on about?”… I just had to remind you of what your life (hopefully you’re still breathing)… is supposed to feel like. Before… I tell you how it actually feels like. That’s why you’re here right.
Shucks. Analysis paralysis—wonder who comes up with these names. In a lame man’s term, it’s basically being paralyzed (not literally) from over-thinking. over-researching and over-analyzing…
Why do we do these things; why do we even do anything. Imagine the thought of—mentally paralyzing yourself… Do you love yourself at all? Of course not—Humans (you reading this now) think of the possible worst for—every situation.
Imagine… You go out and a complete stranger gives you money, from nowhere; out of the blue. What’s the first thing that comes to your mind? Be honest, Don’t lie.
That’s what I thought.
Anyway, Being completely mind-paralyzed is bad. I mean … have you seen—how they have to literally drive paralyzed people everywhere… They become furnitures (not trying to be insensitive); they really can’t do anything… on their own.
You’ll end up—A furniture trader!
Analysis Paralysis In Trading (How Can You Tell?)
In school (school of candles), I attended every class. Wyckoff 101, Fibonacci 203 (borrowed course), Way of the candles, Price-action 105, Order blocks and Market structures 103, Supply and Demand, Indicators not manipulators… Weird ones! I took all.
Trust me —I was a diligent student. But, I had no direction.
I practically learned everything and anything. I mean—I wanted to be a great trader (don’t we all).
The next class (Final year) required… Mastery. I realized that—sticking to one thing was a problem. Oh! No, I can’t choose. I literally attended all classes—just to find out what was best for me—even after taking these classes… in my first year.
Hello Jane, I know this is kind of awkward… But, what’s your major?
Uh… Order blocks.
Imagine! I couldn’t even come up with something. What the H-E-L-L do you want Jamal? You’re just going round in circles.
I couldn’t choose. Wanted to take action but, how could I? No one gave me the memo. I don’t even know what making decisions feels like. “Making Decisions” suddenly sounds like the strangest word in—the dictionary.
So, tell me have you been in this position. All you keep doing is learning—anything; everything. But, no actions!
Two ways you can tell:
Can’t seem to make a decision.
Always looking for a better solution—without actions!
For analysis paralysis in trading It’s not something you can cheat. As a trader, You can’t go over or under it—Dealing with it is… the only solution.
You keep delaying actions—whilst over-analyzing every situation. For this trader—you keep imaging downsides… Always the negatives; never positives. Imagine taking a trade—but, you’ve already imagined—300 scenarios of your plan going badly.
Pfft… heh—who does that? Uh! you. You’re literally mentally paralyzed. What other options do you have than over-thinking everything.
Are You Asking The Right Questions?
Ta-ta… I envy them so much. Anyway, You learn to be in the comfort zone because…
Why stress your brain till it’s paralyzed. Your brain is literally “yours truly”—It would always try to keep your safe. It will protect you, which is good. But, you become safe and unsuccessful.
In trading, which do you prefer?
Actually making a decision irrespective of the outcome or… staying out and avoiding everything.
I mean if we’re being honest—the second option looks safe and comfortable. Will you choose that though? Remember you want to be rich; you want financial freedom.
Even if you go through hell—do it without hesitations.
Yup—That quote is a reference to the previous sentence. Eh… your lack of decision making will only make you—miss out on a million market opportunities. So, are you asking the right questions?
When you literally ask yourself the right questions… It gives room for a clearer thought process and faster decision-making.
Honestly though—Let’s blame google.
An increase in options; an increase in choice. The fear of making the wrong choice arises. Then you become mentally paralyzed.
Most traders today are stuck.
I remember meeting a guy (Joe)—In one of my trading communities—in school. This guy found it hard to make a decision. Heh… So he buys and sells at the same time.
Analysis paralysis in trading can make you a fan of gambling. But, there’s a solution…
You can start by answering the right questions. What are the right questions?
Is it worth the risk?
Will it matter in 5 minutes?
What was my first choice?
Can you answer these questions? Make it a habit to answer these questions before—you take a trade. Not just trading—anything at all… Train that brain of yours.
Is It Worth The Risk?
You know some-times the best way to eliminate choices is to—know the risk attached to each choice. Imagine having a $50 account (your only money) and trying to take a trade. You’ll probably over-think every thing because—you just can’t lose that money. I mean… Heh—that’s all you have right?
So, the first question should be… “If I take this trade, is it worth the risk”. Note that… you might lose—but, the keyword here is “risk”. How much are you willing to let go of?… That should be the first thought.
Try this exercise and you have to be truthful—always!… If I was given $50 and I was told to give someone $5 (out of your $50)… Would I be okay with that?
If you will, then you can decide to risk 10% of that account—knowing that you won’t feel bad if you lose.
Ergo, You’ve just made a decision—because you eliminated your options.
I mean losing 10% of $50 is better than losing all.
Now what next? you need to eliminate all trades that will make you lose more than 10%. See, No mulling— just progress.
Note that… Not all trades are negatives. But, we should always consider the risk.
Will It Matter In 5 Minutes?
Now you know the risk you’re willing to take, the next question is—Will it matter in 5 minutes?
Ever heard of the “5 by 5 rule”?
Well, the 5 by 5 rule states that—if you come across an issue take a moment to think—whether or not it will matter in 5 years. If it won’t, don’t spend more than 5 minutes stressing out about it.
Forget the “5 years”—My own 5 by 5 rules is… don’t waste 5 seconds pondering over it, if it won’t matter in 5 minutes. Mine works right?
I mean… 5 years is a pretty long period you know. By the way, the market waits for no man. The fact of the matter is, there are some problems that do not need your full attention.
Why stress over some money you’re okay losing. If after 5 seconds you’re cool with it then—go ahead!
Do me a favor. Let’s practice… Um—can you remember what you just did 5 seconds ago? If you can, it matters; If you can’t, “It’s irrelevant and doesn’t matter. There, fixed right!
What Was My First Choice?
The human mind is like a sick computer virus.
It’s basically, randomly, just processing relevant and irrelevant informations and thoughts. You tend to have all these choices, thoughts and feelings all mixed up—especially during pressure. I was listening to Roger Khoury the other day and he said, “When driving a car in a—calm state—you’re basically just following the rules of the road right? But, what happens when you’re late for a meeting—You find yourself breaking all these rules.”
Similarly… same applies to the market. You don’t have time; you’re supposed to make a decision—If not, the market leaves you.
Then if you’re like me that attended all classes in—Pretoria, you probably don’t have a particular strategy. Different options; different opinions. What happens?
You become paralyzed!
All this can be avoided if you remember your first choice. Many traders fail to understand that our gut feelings, our instincts—matter.
Where do instincts come from?
In as much as the brain behaves sick sometimes—It also stores useful informations… knowingly or unknowingly. These useful informations are usually processed when needed.
Do you ever know something and wonder—how you know that thing?
It’s cos’ you probably already came across that stuff but, you ignored it. Cos’—It didn’t matter. But, look who wasn’t ignorant “your brain” yeah, remember… “Yours truly” loves you.
Those first choices… are thought of for a reason. So, make them your last resort—always!
Havoc Of Analysis Paralysis In Trading
Hey guys, my name is Jamal and I’m a victim of Analysis Paralysis in trading … “Hey Jamal”…
Sounds familiar. Yeah, group home.
My encounter with Analysis Paralysis in trading wasn’t a great one. There were consequences. Each with its own baggage.
After I narrowly graduated from the School of Candles, Pretoria. I mean I’ve learnt everything—I was ready for the market.
On Tuesday, May 3, 1994, I deposited $50,000 to my trading account. As a graduate of School of Candles—what was the next thing? To get into the real world of trading .
A nasty encounter in the market occurred. I found a GJ (gbp/jpy) trade, the daily had a bearish head and shoulder, the—4 hour, a double bottom. On my chart, I had Bollinger bands, Moving averages, Relative strength index… Name it.
Yeah —I was that confused. Didn’t know if to—buy or sell. Oh! No, a clash of interest.
My indicators… some gave me buy signals; others sell signals. Oh my God! What now? What’s the direction—Now I’m exhausted, tired, I can’t think straight!
The market decides to buy… Yeah, I guess I’ll go long now.
The sound your phone makes when you just placed a trade. Greedy old Jamal, used 2 standards for US30 on a $50,000 account. I was more than confident.
The market does it thing. What! no… no… n0—Why is there a sell taking place now? No!
The Havoc
That’s it… That was so easy I lost it all.
Everything! “What was the point of school then?” I thought. Useless! You’re so useless Jamal. You can’t get anything right.
I couldn’t make a decision… My brain said, “Pause”. I was paralyzed and I failed. Three things happened to me:
My trading performance reduced
Creativity was gone. Couldn’t decide on a strategy and all patterns became useless.
Lost my willpower. I couldn’t make a decision—too many options.
Thank you for listening! “Thanks for sharing Jamal”.
How To Overcome—Final Words
Don’t ask me what I went to a group home to do. Analysis paralysis in trading affects you mentally—It builds into a habit and you become the hesitant trader.
Do you remember him? That guy who couldn’t make decisions, that insecure coward. Yeah—that was who I became.
June 23, 1994, I was in bed. Thinking, crying, staring—”What went wrong?”, I thought. How come… I mean i’ve gone to one of the best schools, learnt everything there is to learn, and graduated with a 2:1. So, what exactly is the problem.
I discover that—I was.
“Jamal you are the problem”—I discovered 6 things. These 6 things I’m going to tell you are very important. I’m telling you because—I love you.
You shouldn’t follow my past; you shouldn’t make my mistakes. My mom’s teaching helped. Remember when she gave me the trading elements and principles…
Steps To Overcoming This Nuisance.
This is the truth; this is my truth. After a month I discovered that:
You need to trust you. No one else opinion matters in the business of trading. It’s your business—You should mind it.
Limit the amount of research (information you consume) you do. It’s called “learn and earn” for a reason—Not “Learn and continue learning”.
Talk to someone. If you think you’re stagnant, you need to pour out all those information—on someone. Teach them!
Perfection isn’t the key. Progress is!
Know your end goal always.
Notice every thoughts and emotions. If possible, write them down.
If you follow this manual, you should never have reason to be stuck or mentally paralyzed. Remember sharing is caring!
Tell someone about this article. Most traders have no idea what analysis paralysis in trading is.
CDSL falling wedge patternAfter a huge rally the stock has corrected around 35% and made a falling wedge pattern .
A swing trade can be initiated once the price gives a closing above the trendline , can keep a SL slightly below the support trendline .
The Risk Reward ratio of 1:5 is very favorable and also the stock is fundamentally strong for long term as well
.
.
I'm a beginner . I'm just sharing my views .
DLF Cup and handle breakout and retest Dlf is looking for a swing , a swing trade can be initiated once the price gives closing above the resistance trendline .
On a daily time frame the stock has formed a cup and handle pattern and given a breakout from 0.5 Fib levels , now it has corrected and retested after the breakout .
so once it gives a breakout from this trendline it may give a good move upto the given levels .
Also on 1 hour time frame it has formed a double bottom .
I'm a beginner , I'm just sharing my views.
** NIFTY AND BANKNIFTY ANALYSIS AND PREDICTION FOR 14.05.21 **" CUT YOUR LOSES, CONTROL YOUR EMOTIONS, PROTECT YOUR CAPITAL DONOT GO ALL IN "
Nifty Outlook – Positive on 5 min Time Frame
NSE:NIFTY & NSE:BANKNIFTY Resistance & Support levels : Provided in the video
THANKS FOR WATCHING.
If want to know my Trading Approach for tomorrow. Please stay connected with me.
Jai Hind.
Disclaimer:
This video is only for educational purposes. Please consult your financial advisor before you take any trades. I am not a SEBI Registered Analyst.
How to REALLY Become Profitable ? 🔥 (Education)Hello traders , today we are going to talk about a very delicate subject. Yes Tradingview is a place to share technical analysis with the community , however we should also share from our experience , what we believe it can bring value to the table and help other traders worldwide to become profitable.
Before continuing do us a favor. Make sure to GIVE a like in order to help this post become an editor pick and reach worlwide traders.
How To really become profitable?
The average human is not wired to properly trade the financial markets..We are wired in the worst way to be a consistently profitable trader. trading goes against the human psychology. To all those learning to trade the financial markets, this game is not what you think it is. Most books and courses simply do not paint an accurate picture of the reality Most of traders think the only way to become profitable is by working hard and focus in the technical strategy.
The truth is that all of that is absolutely wrong. Here's a list of 6 elements that from my experience are game changers to slowly extract consistent profits from the market. Do us a favor and share another in the comment section that you believe is important. Our goal is to make from this post a place to help us each other from our experience.
Risk Management
That is the number one killer and doer.
for most traders; they open a position size much larger than they can handle or much larger than what is appropriate for their account size. They want to make miracles with small accounts. Do not chase the money , chase the skill. In that way money will eventually come. There are investors ready to trust you 6 figures if you prove them you can handle it like a pro. The problem is that by not really managing your risk you will let emotions run your perception. When emotions increase , accuracy decrease. Trading is a Game of probabilities you can do everything right and end up wrong and you can do everything wrong and end up winning. Make sure to have a proper position size and manage your exposure or you will have nothing left to manage.
Proper Psychology
After all these years, I would say that the majority of trading the financial markets is primarily a psychological painfull skill. It is not an advanced holy grail system or strategy. For most traders trying to chase consistency, they believe their system always needs changing, and they focus more on the "analysis" side by reading more books and taking more courses, hoping to find that secret system. The system can be based on a coin toss, and with the proper psychology, this trader can outperform a psychologically-flawed trader but is using one of the best analytical methods. There are many psychological aspects you should focus. We can talk years about it. I advise you to read Mark Douglas for that. One of the most important things is to Dissolve all your fears. You must understand how it runs your trading. Understand and have a deep talk with yourself to see the way fear control your mind. Fight against Fear of being wrong , losing money , distribute profit, missing out . By other side you must understand the neuro associative conditioning that created good trading habits and self destructive habits.
Discipline in healthy external habits.
Poverty is a habit / wealthy is a habit / life is a habit.
As Paul Sartre said, we are our choices. What we do with our 24 hours will define the kind of person we are.
This is all about changing and adopting proper habits in your pro and personal life.
If you do have side issues like bad habits or (girlfriend / parents /friend / work etc.. ) they will make it difficult to execute a proper system in your trading. All those bad vibes will send resistive energy and when you get this energy you can either shut down or step through and doo exactly what you are supposed to do regardless. take care of your personal habits and problems.
Avoid bad habits that drain your energy and focus here are some:
Wake up late vs. 5 am morning
Partying 24/7 vs. Learning
Being lazy vs. being a doer.
Social media vs/ productivity.
Etc.… Before getting serious with trading, I I used to have a lot of bad habits that honestly, I’m not proud of it. But everything can change. The more I fall in love with the process and taking care of my habits and more my trading improve and happier I become.
Think in term of probabilities
Mismanaging risk is a bad habit
most of traders have the worst trading habits because they asume the outcome. They assume they know what the outcome will be, so they bail out of trades. They think it will make them more money, so they risk more equity because they believe this trade is a high probability one that it will make them money. They have a trade by trade approach.
They assume that after a few wins the next trade is likely to be a winner, so they are double up. They assume that after a few losses the next trade is likely to be a loss, so they do not execute
By adopting simple proper ''SERIES OF TRADE APPROACH'' your outcome will change and you will become profitable.
t it is the approach that a few minority of the traders use. This approach is not based on predicting anything; rather this is a precise pre-defined system of pulling the trigger when your system or edge presents itself, and the outcome of the trade is irrelevant.
We take a series of trades, and we are entirely focused on the outcome of the series, and NOT the outcome of each individual trade. The outcome of each trade and attempting to predict the outcome of each and every trade is an uphill battle because humans are designed to expect what they predict. It is difficult to implement your system or edge in the markets flawlessly if we become attached to any one single prediction. The truth of the matter is that we do not know what will happen next; the only certainty is the markets uncertainty.
Having your own personal predefined edge
In fact. you need a plan , you need a strategy and you need a flawless execution. there is no doubt either it works or no. make sure to set rules to find good trades execute those good trades and let those good trades play out.
Laser Focus learning curve
Those who make it in this business were laser-focused; they made a decision to either be right or wrong. A laser shines a coherent beam of light and is powerfully focused on a single point. That point will undergo immense heat or pressure. Same applies to learning to trade. It requires all your energy to be put forth on a single objective.
Compare this with a light bulb or the sun, which shines its rays outwardly with its energy distributed in all directions. You will barely feel the heat as the energy is unfocused and dissipates accordingly. This applies to those traders who have issues They doubt their decisions and jump from one strategy to another they chase the holy grail they change from system etc..... Focus in one pair or few pairs, one session , a clear defined profit system a clearly defined type of trading.
Make a decision, and instead become focused like the laser beam on what it is that you desire to develop, and you are more likely to achieve your target.
Please make sure to follow this profile if you found it interesting. Now let me know in the comment section about an element you find important
Trading Plan - How To Build it ? (Educational Post)Hi Traders. Today's topic is regarding one of the most important success keys about trading. One thing about trading plans, is that they are yet very easy to build it but no one really know to to build it.
Without ABC'S, you can't create words.
Without the words, there are no sentences.
Without sentences, no paragraphs.
No paragraphs, no story.
No story , then no idea what's going on.
No idea what's going on= GAMBLING
Gambling, no consistency.
Imagine you're randomly taking trades with any predefined criteria's in long term does it makes sense? The answer is no, most likely you'll stuck in a chugging condition draining your mental capital. Building a trading plan is something that requires good understanding about yourself. Having a trading plan is very personal. What works for someone else can potentially not work for you. Trading plan is something that requires good understanding of criteria's. Your goal as a trader is to find good deals , execute those good deals and let those deals play out. In this post, we'll assume we are creating our a trading plan
Scenarios:
What Time Frame?
This is the typical textbook explanation, where a traders need to focus his attention in 3 types of time frames. One Macro Time Frame to build the scenario , One meso time frame to manage the positions and One Micro Time Frame to execute. One big problem with Time frames is that sometimes traders lose their mind changing from one time frame to another. if that is your case to do not blow your mind focus your attention in 3 predefined time frames. For example an intraday trader can build in daily , manage the position in h4 but execute in m30.
What conditions?
- This is a rather aggressive criteria's. You must know when to trade and when not to trade. For example trending markets are nice conditions for someone trading pullbacks.
Risk Management
This may seem easy, but believe or not that majority has issues with the money management. keep it simple . Always risk the same amount and understand that you must have a predefined DD tolerance and exposure.
Markets
Most retail don't appreciate the ability to stick to one or few pair pairs for years. You Are pretty much guaranteed success. The skill of being in tune with what you are handle is the key of consistency.
Does it make sense to follow 20 pairs ? no. Stick to few pairs. Lean how they properly move. Every single pair is unique . The key here is in deciding on a single financial instrument or currency pair. You must become familiar with the way it moves, with when it moves, and with exactly how and where it does it. You need to understand the instrument you are trading and be very familiar with the trading style. The typical range of movements both on an intraday basis and on a weekly basis should be understand.
Focusing on one pair allows us to focus our attention on the ultimate goal of trading markets; to generate consistent returns. We do this by attempting to catch a single A to B impulsive movement, preferably from a valid zone. We trade valid signals at valid zones. go on to ten and twenty pairs later. For now, just focus on squeezing a single A to B price movement on a single pair before ever thinking of adding many more.. With the proper seasoning on a certain single instrument, you will become much more confidence with price action and price movements, and trading in general. You will be able to trade in the flow.
This is a tricky one . Some utilize Risk-to Reward based target (Eg. 1:3RR), while some prefer using trailing stops. Personally, having your targets at key technical zones make more sense. There's no right or wrong! It all depends on what suits you the most! if the trend is very strong then it doesn't make sense to set a 1:1 set your targets at the next potential obstacle.
Entries
From my experience, I Have predefined criteria's to define a High probability Trade. It can be a valid micro signal in a valid macro zone in a strong trending market at a strong moment of the day in a institutional numbers when the mass is doing the opposite.
I like trending stuff. The first phase is where the momentum is fresh and piping hot, strong impulse with clean price action. the you can easily set further targets by following the long term trend.
Strop criteria's.
A stop loss is not fixed. the market structure define where to place your invalidation. It can be behind a zone, behind a supply or demand zone or even behind a ema etc...
Target criteria's.
Let us know in the comment section if there is any other criteria or if I can improve my trading plan. also let us know what criteria's do you use
Trade safe as usual. and make sure to support this idea in order to help the TRADINGVIEW COMMUNITY. I hope it was helpful
Please do follow my profile for daily fx forecast & educational content. I try to share a lot of value every single day.
Twitter Time to Short and Hold Crash Ahead ?Company Details
Full Name Twitter, Inc.
Country United States
Employees 5,200
CEO Jack Dorsey
Stock Information
Ticker Symbol TWTR
Stock Exchange New York Stock Exchange
Sector Communication Services
Industry Internet Content & Information
Unique Identifier NYSE: TWTR
IPO Date November 7, 2013
Description
Twitter operates as a platform for public self-expression and conversation in real time United States and internationally. The company offers various products and services, including Twitter, a platform that allows users to consume, create, distribute, and discover content; and Periscope, a mobile application that enables user to broadcast and watch video live with others. It also provides promoted products and services, such as promoted tweets, promoted accounts, and promoted trends, which enable its advertisers to promote their brands, products, and services. In addition, the company offers a set of tools and public application programming interfaces for developers to contribute their content to its platform, syndicate and distribute Twitter content across their properties, and enhance their Websites and applications with Twitter content. Further, it provides subscription access to its public data feed for data partners. Twitter, Inc. was founded in 2006 and is headquartered in San Francisco, California.
The IPO opening print also marks the 50% retracement of the downtrend into 2016, highlighting the need for skeptical buyers to come off the sidelines here and lift the stock into the $50s. The uptick has just eased into a trading range that acknowledges resistance, so a positive catalyst may be needed to trigger a breakout. That could be a tall order in the fourth quarter, given the extraordinary challenges. As a result, there isn't much to do except to wait and watch price action in coming weeks.
The Bottom Line
Twitter stock has returned to seven-year resistance and still give no clear break out above the IPO 50% Retrace Level, Ahead elections Covid-19 $ Crash may lead s&p500 and major stock market to down side,
we can expect a twitter crash or Correction to down side soon!
Best Regards:
RideTheMacro