11/22/2024 - Here is a new SELL breakout chosen mechanically:This trade is hard to believe because I just can't see Amazon ever being a good idea to short but it came up on my scans so:
11/22/2024 - Here is a new SELL breakout chosen mechanically:
Stop Loss @ $214.10
Entry SELL @ $197.12 or less
Target Profit @ $171.27
Multiple Time Frame Analysis
Long trade
2min TF Entry/Overview
Buyside trade idea
Pair DOGEUSD
Tokyo Session PM
7.46 pm observation
Entry 0.42161
Profit level 0.43341 (2.80%)
Stop level 0.42088 (0.17%)
RR 16.16
Reason: Recent sellside trade reached a pivotal price level and demand zone indicative of buyside momentum. Moreover, it is also similar to Phase D, trending inside the range according to the Whykoff narrative. Buyside trade idea.
USDCAD LONGMarket structure Bullish on HTFs DW
Entry at Daily and Weekly AOi
Weekly rejection from AOi
Previous Weekly Structure Point
Daily Rejection from AOi
Around Psychological Level 1.39500
H4 Candlestick rejection
Levels 7.26
Entry 95%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
Drummond Geometry - Introduction to Time Frames in TradingDrummond Geometry emphasizes the importance of understanding and utilizing multiple time frames for trading. It outlines that higher time periods (HTP) provide critical directional context, while lower time periods (LTP) offer granular confirmation and entry/exit signals. This interplay allows traders to align their trades with the broader market structure while timing their actions effectively. For example, strong resistance in the HTP might signal a downtrend in the LTP, guiding shorter-term trading strategies within a defined market context.
Trading Idea Based on Time Frames:
Strategy: Higher Time Frame Support/Resistance Alignment
1. Objective : Trade in the direction indicated by the higher time period while fine-tuning entries and exits using the lower time period.
2. Setup :
- Identify strong support or resistance in the higher time period (e.g., daily or weekly charts).
- Confirm the trend's alignment in the lower time period (e.g., hourly or 15-minute charts) by observing price movement or the behavior of key levels like PL Dots.
3. Execution :
- Enter trades on the LTP when it confirms the HTP direction (e.g., breakout of a lower time resistance in an uptrend supported by the HTP).
- Exit trades when the LTP shows reversal signals or approaches a critical HTP level.
This method ensures alignment with the market's broader context while allowing for precision in execution.
Incoming 20% crash for Silver ??** A forecast for the months ahead **
On the above 2 week chart price action has enjoyed a historic 60% rally in only 12 months. There’s talk now of a massive rally for higher highs. Is the talk correct?
“David Morgan: Silver to US$40 in 2025, Then Blow-off Top in 2026?”
And 60% isn’t a blow off top?
investingnews.com
Technical analysis now supports a number of reasons to consider a bearish outlook in the months ahead. They include:
1) RSI support breakout.
2) Strong bearish divergence. Look left!
3) Bollinger Band curling inwards, a forewarning of buyer exhaustion and imminent trend reversal.
4) Currently a 3 month Gravestone DOJI candle prints. A confirmation at year end would be the green light to trigger strong selling pressure.
5) It is not the expectation of this analyst to see price action selling off until a re-test of the $35 area. This would be an excellent area for profit taking.
Is it possible price action continues to print higher highs as is popularly believed? Sure.
Is it probable? No.
Ww
3 month gravestone DOJI
Inverse head and shoulders
#BTCUSDT. Waiting for a setup to buy.The plans were disrupted, creating a range and a sharp break of the lower boundary. 93,541 is the correction target on D1-H4. This is a potential setup point where I will re-enter long if it occurs.
For now, it seems like Bitcoin's plans are not stopping at 100k, with market makers providing liquidity and fuel. The point of no return is at 88,730 on D1, so we’ll watch the price action.
Understanding ICT Classic Weekly Profile on BANKNIFTYICT weekly profiles are conceptual frameworks that describe typical patterns of price behavior during a trading week.
Each ICT weekly profile has unique characteristics that can hint the traders in anticipating potential market movements.
However, it is important to note that these profiles are not fixed predictions but rather frameworks to understand market tendencies and works with Higher Time Frame PD arrays confluences.
ICT weekly profile is explained below with BANKNIFTY Chart analysis
Classing Thursday High of Week (Bearish Setup)
Key element to focus :
Higher Time Frame Premium array (Weekly Buy Side Liquidity) for bearish setup
Time Frames alignment :
HTF --> W1 (PD Arrays)
LTF ---> H4 (Market Structure)
ETF --> M15 (Entry)
Process :
1. Market offers Liquidity from Monday to Wednesday
2. Market seeks Liquidity on Thursday
3. Market rebalances on Friday
GBPUSD Sell position SETUP (ACTIVE)We have a SMT model. Whereby price targets buyside liquidity as external range liquidity (PRO trend bearish) and distribute PRO trend. That is our 1st expectation as we enter this trade. Our second one is that IF price break above, we identify our trend as internal bullish as price range would have failed to manipulate enough buy orders to distribute price further downside and we look for the demand that broke structure as our next trading zone
Price took our high of week as buyside liquidity PRO TREND BEARISH. As we entered on the BEARISH ORDERBLOCK, our target is the low of week as our next external range liquidity raid.
Courtesy of myself and I.
Joby Aviation going for a 80% dump?Following the successful “short” of eVTOL manufacturer Lilium (idea below - read for deep dive), we’re now going to target another. This time, Joby Aviation.
The principles behind this idea are the same as was with Lilium, mixture of fundamentals and technical analysis.
A lot of the criticism from my own quarter comes from the promises that certification is just around the corner. It has been 11 years now, and still no certification.
Don’t listen to what the say.
Pay attention to what they do.
As the money runs out the business now looks to collect $200 million from investors:
“Joby Aviation Stock Drops After Pricing Public Offering of 40M Shares”
source:
www.businesswire.com
The chart -
On the above 2 week chart price action has been printing lower highs for the last year. Since then there is broken market structure with uptrend channel support failure.
The uptrend flag continuation pattern projects a 80% correction. On confirmation, such flag patterns meet the target 77% of the time. This would take price action to the 1.60 area.
On RSI, a breakout of support is also visible.
Is it possible price action grows? Sure.
Is it probable? No.
Ww
Go short from current price action.
Lilium short
EURNZD ENTRY IDEAOn this pair, we are anticipating for a SELL CONTINUATION, first we had a shift in trend yesterday, from the Daily,leaving us to a HANGING MAN CANDLESTICK PATTERN, also we have a 3omins tf confluences, plus the fact that the NZD is beginning to gain strength. You can join us if you are interested in this setup. update will be given in the UPDATE SESSION.