Chart is from yesterday 3/3/2024(mon) + today 3/4/2024(tue) Timeframe:1min Indicator used: MACD, SlowStochastic RSI, 5MA, 20MA. I use 1min 5ma as TREND(S) to scalp, just make sure MACD+SlowStochastic agrees.
Love to see (R)(S) are clean and respected. showing us obvious (R)(S) to take risk. on Repeat: either (S) bounce to target (R) or (R) reject to test (S) until bull turn (R) to (S) or bear turn (S) to (R) Current behavior: Monthly formed (R) and reject to test prev (S) level &5ma(S). Weekly testing (S) level & 20ma(S) from (R) level rejection. =...
This video will show you what I look at and my thought process when prepare for maket open. Purpose of this video is to show how i make plan to take risk in first hour of market open. example used is 5min&1min 1st. orb 5min 2nd. wait for breakout of 5min 3rd. use MA as (Support) of a trend to SCALP ORB FIB levels i used is 0.5%(orb) 1.0% 1.5% 2.0% Target is...
Indicator: 5MA,20MA, MACD, Stochastic RSI my fav setup for Bullish pullback. when price makes Higherlow as (S) with SKD oversold. Allow me to use (S) as SL to aim at Prev High(R).
How I Spot strong Support and Resistance zones on difference timeframe?(daily,weekly,intraday) Larger Timeframe for SIGNAL , Smaller Timeframe for ENTRY Example I used in video are : 1min vs 5min 3min vs 15min 5min vs 15min Daily vs Week
I see DLTR Daily and Weekly showed respect to Static Horizontal (S)! give buyers an edge to use as StopLoss.
This moring I share the (S) and (R) of Daily and Weekly. Plan for bulls was to use (S) and scalp to (R). Plan for bears was wait to fail under (S) and turn into (R) to scalp. Since we see Daily holding static horizontal (S) and Weekly holding 10MA as Static(S). Trend is saying bullish. after market open, bulls buy up and pushed to Daily (R). The plan for bulls...
In this video i will exmplain What is Dynamic and Static levels, How they are used, and What's the difference. Dynamic's Support&Resistance are Moving Average or Trendline levels. Static's Support&Resistance are Horizontal levels.
The videos shows my interpretation of the (S) and (R) i see on daily&week. Daily: we see (S) formed on 9/23 and it's still being used causes us to bounce that (S) to test prev (R) & 10ma(R) today on Daily! Week: we see it's still holding above 10MA as (S) we also have new (R) form 10/14~10/25. Bull's plan: Waiting for Daily to reclaim10ma from (R) to (S), and...
Breakdown of my action steps from open to close: 1) Wait 5min orb 15min ORB form to draw FIB. 2) Wait for (S) or (R) formed on 5min 15min to draw 3) Make plans using (S)&(R) and ORB fib levels 4) Use new (S) or (R) as risk entry, pair with OrbFib levels for confirmation. 5) mange position using (S) of the trend with OrbFib's levels...
Using Today chart as example. We see pullback test at 5min ORB high. showing respect to prev breakout price! good news for bulls! and 5min also held the (S), by rejection of closing back above (S) on the 2nd candle. showing us a fakeout, tricked some impatient bears.wasted BP. sad.
When Market open: 1) wait 5min close to draw Orb Fibonacci(0%,0.5%1.0%,1.5%,2%) wait 15min to close to draw Orb Fib. 2) Keep looks for (S) anf (R) to draw after 5min&15min candles close. 3)use (Support)&(Resistance) from your "drawing" and (Support)&(Resistance) from "Orb Fib" levels to CALCULATE your Risk to decide where is to enter trade. Sniping tips:...
To understand Price Action, first thing we do is to look for (S) and (R) to help us read strength&weakness of price. This video will explain how I find Support and Resistance of a trend. I will provide example of what your chart will looks like throughout trading hours. how to know which candle to draw (S)/(R).
This video will explain how to draw FIB on ORB to find potential resistances and target. Setting style of Fibonacci Retracement for first target 2.0%: (0%, 0.5%, 1.0%, 1.5%, 2.0%) extension for Fib is to add another +1.5% incrament to Frist Target of 2.0%. (....2.0%. 2.5%, 3.0%, 3.5%)
To understand Price Action, first thing we do is to look for (S) and (R) to help us read strength&weakness of price. This video will explain how I find Support and Resistance of a trend. I will provide example of what your chart will looks like throughout trading hours. how to know which candle to draw (S)/(R).