Intradaytrading
Intraday Sells Forecast on GBPNZD Strategy is simple, we have outlined the key levels and we are anticipating for a SELL on the positions marked only if a rejection pinbar forms on the key level signifying sells. Any other type of candle formation like a spinning top or Doji is not acceptable. This is because if a candle like that forms not signifying a clear rejection of that level then most likely the Intraday trade wont take place and the market will just range and be undecided on that day.
EURJPY Short-Term Short KiSS StrategyWelcome back! Here's an analysis of this pair!
COMMENT BELOW and let us know your thoughts or questions!
** EURJPY Vide Analysis - listen for details.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
Setup for next week! Hello everyone!
Hereby I show you my setups for the next week(s).
EURAUD, EURCHF, EURGBP, GBPNZD are intraday/swing trading strategies
And as a bonus I have added CHFJPY for a more scalping strategy.
If you have any questions, want more information or free lessons you can always send me a message! :)
Merry christmass and happy holidays!
Siemens short below - 2465All the details are mentioned in the chart along with entry, targets and analysis.
Sell Below - 2465
Targets mentioned in the chart.
RSI in Oversold region
MACD is getting resistance
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
How to use Volume Bar Breakout and Breakdown IndicatorThis tutorial provides guidance on how to use "Volume bar breakout & breakdown Indicator" Indicator. It explains
When not to take entries
How to setup Stoploss and Target
what timeframe to use for equities and commodities but you can decide as per convenience
GRANULES Bounced off demand zone wait for breakoutGRANULES
BUY ABOVE - 319 (If sustains)
THE CHART IS SELF EXPLANATORY.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
DRREDDY UPSIDE POSSIBLEI would not be able to able to explain this chart this time but according to me the chart looks pretty self explanatory.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
3 Types of Traders: Which Are You?3 Types of Traders: Which Are you?
There are many different approaches of trading the financial markets that has provoked countless methods and strategies to be created over the decades.
One popular way to simplify & view this is to break it down into 3 types of traders which is categorised by two main factors which include the trading frequency & timeframes used by each one of the trading types.
1️⃣ Scalper
The large majority of beginner traders end up starting out with this type of trading because of numerous reasons. But mainly, this is due to the fast pace that the market moves, presenting many trading opportunities and giving off the perception of an opportunity to get rich quick.
Ironically, this trading style is then considered as one of the most easiest and successful ways of trading by beginner traders, while being stated by professional traders to be one of the most difficult.
Scalpers often have dozens of trading positions open at a time during multiple trading sessions and need to be in front of the charts at all times. Therefore, paying huge commissions to their broker due to spreads also making this type of trading have a high cost to it. Not to mention the chaos in lower timeframe analysis that eventually results in the majority to stop trading.
This is not to say that you cannot be successful with scalping. However, the main obstacle alongside many other with scalping, is the level of constant focus & rapid-decision making required which can have massive negative effects on your overall trading psychology if not kept in check.
2️⃣ Intraday
Intraday or day trading is the most popular type of trading amongst retail traders and is what I prefer the most myself.
Staying relatively active, the market gives some time for the trader to reflect & think upon their analysis on the pairs they are analysing. Opening and managing on average ~1-2 positions per trading session, the intraday approach offers a degree of freedom.
But does come at a cost due to the declining amount of volume and volatility, intraday traders may experience low risk:reward setups because of the average daily range of many pairs on the market.
3️⃣ Swing
Swing trading is the best choice for individuals who want to pursue trading while having a full-time occupation outside of trading. This is possible due to this type of trading primarily focusing on the higher timeframes such as daily/weekly for a large proportion of their analysis.
Thus, swing trading is not demanding when being combined with an individuals typical daily routine and trading psychology since they aim to catch mid/long-term market movements.
With an average trade holding length of 2 weeks and only 1-2 positions being placed per week. Swing trading is regarded to be one of the least emotional approaches and involves low cost of trading with great risk:reward setups.
Though, the main problem with swing trading is the degree of patience required when holding out for long period of times. Often resulting in the trader closing their positions too early and not having the ability to allow the positions to reach their final targets.
Which type of trading do you prefer?
#NZDUSD SELL OPPORTUNITYIn 4H time frame we have clear bearish move, which followed by bullish corrective move. price retraced to 50% area of Fibonacci ratio in corrective manner, price failing to create HH which base on Dow theory is the first signal for trend weakness.
for trading this pair at 6th of October if price manage to come lower than 0.69490 and remain below the EMA 144 in 15 minute time frame could signal for short position first target is 0.69130 and 2nd target would be 0.68950.
will update this pair again for u guys.
BITCOIN INTRADAY (1-HOUR TF) Update BTCHello guys.
A small update - now we are trying to catch a small short, where we will look for a support level from the 34100 and 34420 marks to open a long position.
Yesterday's review brought us another +3 take profit to our wallet.
I will not describe much, everything is indicated on the graph.
Position statistics:
25 profits
3 stop loss
I can provide each position and confirmations.
Since there are those who want to check the statistics, write to me in personal messages.
We are looking at the level of 38850 - at the moment it is one of the key levels
May the profit come with us.
APPLE: THINK DIFFERENT ITS FOR LEARNING DIFFERENT KINDS OF PATTERNS AND THE PRICE ACTION INVOLVED.
Currently its in a RISING WEDGE format and consolidating below the wedge with good number of volumes.
W PATTERN is completed and now a upside or breakout from wedge pattern can be considered.
Queries in comment section.