Break Down a Trading Session and Price Action Taking NotesIn the short video I show the price action from a session on the DOW JONES and the key price action that I see important for my daytrading.
This is a process I do each day to improve my trading and it helps to solidify in my mind what I want to see in the setups.
You will have to pause the video to read the notes but please enjoy.
ANY QUESTIONS, JUST LEAVE IN THE COMMENTS !!
** If you like the content then take a look at the profile to get more ideas and learning material **
** Any Comments and likes are greatly appreciated **
Supply and Demand
SKYT Potential Reversal Coming to the Upside Good morning everyone,
Looking at SKYT earnings report, results look worse than what they actually are. If you have not listened to their conference call I highly suggest you do so and educate yourself. Overall, I think this is a company that will do very well in the near future especially when you see a company like them being backed by the Department of Defense.
We currently have a small breakout to the downside on the weekly timeframe, meaning another small move down could be incoming and pivot shortly after. I'm predicting a reversal very soon and could potentially be the last time you see SKYT at these low levels.
Well that's it for SKYT, don't forget to like and follow! If you would a specific company for me to analyze don't forget to leave the ticker on the comments below.
Be Blessed and Happy Trading!
PDD - We missed you! Plenty more room after a healthy pullbackThis was a $150 stock the entire time. I was loading up on this while it was undervalued in the low $100's. I still believe we have room to push toward the $200's with positive earnings but I would like to see a clean predictive pullback and not rush this.
Happy Trading :)
- TraderDaddyOG
🔥Top-3 MEME coins Worth Your Attention❗️Still at the Bottom🚀🔥 Pepe, Floki, Ladys brougt me a lot of profit: from 3x to 13x! What Memecoins that still at the bottom and have a chance to bring you a lot of profit? Watch the video!
🎁 Check my trading ideas for the altcoins that are still at the bottom!
like❤️ and follow
🔥TON: Listing On Binance And $20 Soon❓It's Worth to Buy NOT🚀🔥 A lot of expectations about Toncoin and Notcoin listing on Binance.
Is it worth to but TON now and wait $20 on possible Binance listing?
3 ways to withdraw your NOT from Telegram
Do you need to buy NOT streight after the listing?
These are the topics that most traders and investors are interested in. This is exactly what I talked about in detail in the video!
🎁 Check my trading ideas for the altcoins that are still at the bottom!
like❤️ and follow
🔥The Low Cap Altcoins in TON Ecosystem❗️Still at the BOTTOM🚀 🔥 TONCOIN continue to grow, but altcoins in that ecosystem are still at the bottom. In this video I share with you the most underrated altcoins from TON ecosytem. Remember about Money and Risk management! Enjoy!
🎁 Check my trading ideas for the altcoins that are still at the bottom!
like❤️ and follow
A Winning Trade ExplainedIn the video I explain my approach to the market and how I use 'trade sizing' to manage my risk in the initial part of the US session.
I walk through the price action for the NASDAQ and why I traded short and then flipped long. I explain the concept of sizing with regards to trade management and then how I 'SIZE UP' when I have conviction to end with a profitable session.
** If you like the content then take a look at the profile to get more ideas and learning material **
** Any Comments and likes are greatly appreciated **
Trade Plan NQ Futures: week starting May 5th, 2024 Trade Plan NQ Futures: week starting May 5th, 2024
Based on the provided levels for the NQH2024 futures contract, here's a weekly trade plan focusing on trading from the pivot to the upside or downside targets:
Weekly Pivot: 17847 Current Price: 18000
Upside Targets:
First Target: 18090
Second Target: 18348
Third Target: 18605
Downside Targets:
First Target: 17731
Second Target: 17560
Third Target: 17378
Trade Plan:
Long Trades: Look for buying opportunities if the price remains above the weekly pivot (17847).
Entry: Consider entering long positions on pullbacks towards the pivot (17847) or if the price breaks above the current price (18000).
Targets: Target the upside levels of 18090, 18348, and potentially 18605.
Stop Loss: Place a stop loss below the pivot or below significant support levels identified during the week.
Short Trades: Consider shorting the market if the price breaks below the weekly pivot (18847) or the current price (18000).
Entry: Enter short positions on breakdowns below the pivot (17731) or the current price (18000).
Targets: Aim for downside targets of 17731, 17560, and potentially 17378.
Stop Loss: Place a stop loss above the pivot or above significant resistance levels identified during the week.
Risk Management:
Ensure proper risk management by sizing positions appropriately based on the distance to target and stop loss levels.
Consider using trailing stops to lock in profits as the price moves in your favor.
Monitor the market closely for any changes in price action or news events that could affect the trade.
Note: Always adapt your trading plan based on real-time market conditions and adjust your approach as necessary to manage risk effectively.
5/3/24 - EURCAD BUYinitially took a counter-trend trade for sells on ECAD
chose to close and BE on this trade
got in a buy positiona fter the bullish push above the HOD/PHOD level
price did not activate my buy limit position.
i noticed $ supporting at a certain level so i manually entered in a buy and tp was hit about an hour later
How to Avoid Losses During US Stock Market CrashIn this video, I revealed the best way to protect your capital from market Crash losses.
If you find this video helpful give it a like, drop comments, and share it with your friends.
If you need help with stock market investing, feel free to send me a DM.
EURGBP possible LONG on RbR DZ EURGBP possible long on D1 demand zone
M demand in control
W demand in control
D1 pending order set @1/3 RR ratio
As always once the market gives a 1/2 RR I will be closing half of my position and bringing the SL to entry, while maintaining the final target at 1/3 from entry
Happy trading
Stay green
Why I Think USDCAD Will Sell This Week...Technical Analysis Hey Rich Friends,
Happy Tuesday! Here is my technical analysis for USDCAD. Always check the news and cross-reference the indicators on your chart before entering any trades. I think that there are opportunities to sell and here is what I am looking at:
- The market has already rejected a previous supply zone on the weekly time frame
- There is an evening star pattern that has formed, which is a bearish reversal confirmation
- The fast line (blue) of the STOCH has crossed below the 80 line, and is facing down and the slow line (orange) is above the fast line (blue), which confirms the bearish trend for me
Signals to wait for before entering at market execution:
- Wait for the slow line (orange) on the STOCH to also cross below the 80 line
- Wait for the 3 EMA (blue) to cross above the 10 EMA (purple)
I have entered this trade at market execution but I also have pending sell limit orders for this trade. My SL will be above a previous high and my TPs will target previous lows.
Great luck if you get into this trade and happy trading!
Peace and Profits,
Cha