Discretionary Trading Strategy Market Analysis: Fundamental Analysis: Stay informed about economic indicators, news releases, and events that can impact the market. Technical Analysis: Use chart patterns, support/resistance levels, and technical indicators (like moving averages, RSI, MACD) to identify trends and potential entry/exit points. Trade Setup Criteria: Entry Conditions: Determine specific conditions for entering a trade, such as: Price breaking above a key resistance level with strong volume. A confirmed reversal pattern (e.g., double bottom, head and shoulders). Exit Conditions: Set clear criteria for exiting trades: Profit targets based on previous highs/lows or Fibonacci levels. Trailing stops to lock in profits as the price moves favorably. Risk Management: Position Sizing: Calculate position size based on your risk tolerance (e.g., risking no more than 1-2% of your capital on a single trade). Stop Loss Placement: Set stop losses based on volatility (e.g., below recent swing lows for long trades). Discretionary Execution: Use your judgment to enter trades based on the overall market context and your analysis. Be flexible and adapt to changing conditions. Consider both technical signals and the current market sentiment when making decisions. Review and Adaptation: Keep a trading journal to track your trades, decisions, and their outcomes. Review your performance regularly to identify strengths and weaknesses. Adapt your strategy based on what you learn from each trade. Psychological Discipline: Develop emotional control to stick to your strategy. Avoid impulsive decisions based on fear or greed. Practice patience and wait for high-probability setups instead of forcing trades. Final Recommendations Continuously educate yourself on market behavior and trading strategies. Consider using simulations or backtesting to refine your discretionary approach without risking real capital. Feel free to ask for more specific insights or additional components to include in your strategy!
Comment below wether you think BTC price action will bring the CME Futures GAP to a close
Head and shoulders price target as follows ? This is only on the shorter time frame i will update when needed but first breakdown target is 89,573 give or take if we trend around the breakdown line then the price target can be about 88,500 ish
We recently broke sell market structure for EURJPY and I believe EURJPY is about to buy to at least 164.2 Sell now TP 164.2 SL 163.67
Bitcoin recently underwent a manipulation that hindered its ability to continue the anticipated growth. However, the key levels have been respected, allowing us to expect a potential upward movement in the coming days. It is likely that the price will return to 102,000 within a span of 4 to 5 days, which shouldn't pose a significant issue. In this context, we will be looking for opportunities to open long positions in the ranges of 94,000 to 92,000, where we believe good entry points may arise.
Everything is on the chart. I am calling for TLT to rally from today's closing price of $86 to $110 by Thursday, February 20, 2025. The Javier Milei Argentina experiment has been a huge success for Argentina, who is buddy buddy with the J's and Elon Musk, both of whom are buddy buddy with Trump. At the time of this writing, $105 calls for 2/21/2025 are .05 each. If the target hits, they will be worth $5.0, for a total return of 10,000% (10X). On the weekly chart, you can see the 200 week SMA coincides with my level on that date as well. https://www.tradingview.com/x/B98SrqIf/ Feel free to share.
CHFJPY: breakout and up? -Quasimodo pattern. -ABCD pattern. -Follow the trend, the structure. . Wait n see for breakout with plan ahead!
January 20th will be a breakout or a breakdown for all of our crypto, let us see what will happen.
Discretionary Trading Strategy Market Analysis: Fundamental Analysis: Stay informed about economic indicators, news releases, and events that can impact the market. Technical Analysis: Use chart patterns, support/resistance levels, and technical indicators (like moving averages, RSI, MACD) to identify trends and potential entry/exit points. Trade Setup Criteria: Entry Conditions: Determine specific conditions for entering a trade, such as: Price breaking above a key resistance level with strong volume. A confirmed reversal pattern (e.g., double bottom, head and shoulders). Exit Conditions: Set clear criteria for exiting trades: Profit targets based on previous highs/lows or Fibonacci levels. Trailing stops to lock in profits as the price moves favorably. Risk Management: Position Sizing: Calculate position size based on your risk tolerance (e.g., risking no more than 1-2% of your capital on a single trade). Stop Loss Placement: Set stop losses based on volatility (e.g., below recent swing lows for long trades). Discretionary Execution: Use your judgment to enter trades based on the overall market context and your analysis. Be flexible and adapt to changing conditions. Consider both technical signals and the current market sentiment when making decisions. Review and Adaptation: Keep a trading journal to track your trades, decisions, and their outcomes. Review your performance regularly to identify strengths and weaknesses. Adapt your strategy based on what you learn from each trade. Psychological Discipline: Develop emotional control to stick to your strategy. Avoid impulsive decisions based on fear or greed. Practice patience and wait for high-probability setups instead of forcing trades. Final Recommendations Continuously educate yourself on market behavior and trading strategies. Consider using simulations or backtesting to refine your discretionary approach without risking real capital. Feel free to ask for more specific insights or additional components to include in your strategy!
Doge coin and a few other coins are what I call range bound trading right now, consolidating is another term used. Well, we will keep an eye on them. Happy Trading