GM WARRIORS I'm on a mission to master the SuperTrend indicator by testing all 42 combinations of its key settings: Factor, ATR (Average True Range), and Time Periods. Each day, I’ll backtest 50 trades on a new combination to refine a 15-minute day trading system, focusing on trend precision and market sentiment. The combinations include: 21 Factors (2.0 to 4.0 in 0.1 increments). 2 Timeframes (15M and 30M). Goal: Identify the optimal SuperTrend configuration, master early trend reversals, and sharpen market insights within a month. Results will be shared daily via a public sheet and incorporated into my ongoing SuperTrend study. If you’d like updates, let me know, and I’ll tag you in this journey! ? Progress Sheet: https://docs.google.com/spreadsheets/d/1aDEPVcA44ecCUgHp3ahW_HySGGVbNv8JLBtcusT8njI/edit ? SuperTrend Study: https://docs.google.com/document/d/16OERg1ccDb-1HKlxQVAox0oq97wFTytYII3IqVlgBL8/edit?tab=t.0#heading=h.xax80ldek32
Here in this video i show you smart money concept tutorial you can use to make profit . I show you some of basic thing that you need to know . So you need to practice it and apply it. Use money management
Binance coin has a possibility to break after filling the zone of liquidity on upper zones, where we had pretty strong reversals as well. We are expecting now to see a break of that blue zone, which could trigger a further move to lower zones so we wait! Swallow Team
Technical Aspects Gold prices fluctuated around $2,620.00 on Monday, and the daily chart shows that gold prices are currently in a consolidation phase, close to the 9-day and 14-day moving averages. The 14-day relative strength index (RSI) hovered below 50, reflecting a neutral market sentiment. If the RSI can break through the 50 level, it may indicate an increase in the market's buying interest in gold. In terms of resistance, gold prices may first target the psychological level of $2,700.00, and further resistance is the monthly high of $2,726.34 recorded on December 12. This level is an important target for bulls to conquer in the near term, and a breakthrough may trigger a new round of buying boom. In addition, the trend of gold prices in the medium term is still guided by technical indicators. If bulls can hold the current support level, they will have the opportunity to further challenge higher resistance. In terms of support, gold prices may find initial support at $2,608. If it falls below this level, selling pressure may increase, pushing gold prices to the monthly low of $2,583.39. If gold prices fall further below this support, it may trigger more technical selling pressure, causing prices to slide to lower support areas. The market needs to pay attention to the possibility of increased volatility. The gold market is currently in a critical consolidation phase and may continue to fluctuate within a range in the short term. If gold prices can break through the current consolidation area, market sentiment may quickly turn bullish. In the coming weeks, changes in technical indicators will provide more guidance to the market, especially whether gold prices can steadily break through short-term resistance levels and further challenge historical highs.
Gold fell again in the European session. The current trend broke the rising channel and the price rebounded at 2610. In the short term, it will maintain a narrow horizontal consolidation. 2622 short-term resistance above. If this position is broken, gold will fall into a slow rising structure in the short term. 2610 support below. If this position is broken, gold will form a head and shoulders top breaking structure. Test 2588 below. In terms of operation, it is recommended to sell gold on rebound. Pay attention to the suppression of the 2620-2625 resistance area above.
I just follow the trading signals from my optimized script to earn profit. Very stable and profitble as this is backtested by over 10 years. https://www.tradingview.com/x/HqUjZzsb/ https://www.tradingview.com/script/5oJU0NzE-Big-Boss-Gold-trading-signal/
Hi Traders! ? Let’s take a closer look at Broadcom Inc. (NASDAQ: AVGO) on the 15-minute timeframe. The chart showcases a compelling Elliott Wave structure, coupled with key Fibonacci retracement and extension levels to guide potential trade opportunities. Elliott Wave Analysis: - Wave (1)-(5): A completed impulsive structure followed by a corrective ABC wave pattern. - Wave B Resistance Zone: Price is currently consolidating near a significant resistance level, setting up for a potential reversal into wave C. Key Fibonacci Levels: Wave B Resistance: - 1.236–1.618 Extensions: $246.61–$248.46 (key reversal area). - Stop-Loss: Above $246.98 to invalidate the bearish setup. Wave C Target: - 1.0 Extension of Wave A: $234.02 – expected target for the next leg lower. Potential Scenarios: - Bearish Reversal: A rejection at $246.61–$248.46 aligns with the start of wave C, targeting $234.02. - Bullish Invalidation: A sustained break above $248.46 could lead to further bullish momentum. Trade Idea: - Entry: Around $246–$247 after confirmation of rejection. - Stop-Loss: Above $248.46 for risk management. - Take-Profit: $234.02, offering a favorable risk/reward ratio. Market Context: Broadcom’s recent price action reflects heightened volatility, providing opportunities for short-term traders. This setup combines Elliott Wave precision and Fibonacci retracements for structured trade planning. Always trade with a proper risk strategy. ? Let me know if you'd like additional insights or adjustments! Happy trading! ?
In GBPNZD, it appears we have completed a five-wave structure to the downside. Following the current correction, likely taking the form of a three-wave structure, I anticipate the market will resume its decline, continuing the broader bearish trend. Traders should watch for the correction to complete before considering short positions.
Nikkei 225 Struggles to Hold Above the Psychological Level The Nikkei 225 (Japan 225 on FXOpen) has risen nearly 20% in 2024, marking its best performance since 1989, according to Trading Economics. This impressive gain is especially noteworthy considering the market plunge in early August, triggered partly by the Bank of Japan’s historic interest rate hike. https://www.tradingview.com/x/j7GfvQnj/ According to today's chart of the Japanese stock market index Nikkei 225 (Japan 225 on FXOpen): → Late last week (marked with an arrow), the index surpassed the psychological 40,000 level, reaching a 5-month high. → However, as this week began, the Nikkei 225 dropped below 40,000, failing to sustain its position above this key level. Potential influencing factors: → Portfolio adjustments as the new year begins. → News about a potential merger between Nissan and Honda. → A weakening yen, which supports Japan’s export-driven industries. Technical analysis of the Japan 225 (Japan 225 on FXOpen) chart shows that: → Bulls have been forming an A-B-C-D-E structure of higher highs, outlining an ascending channel (shown in blue). Despite this, the 40,000 level remains a strong resistance point. → The bears are gaining an edge with Line 1, which splits the channel into quarters and signals increasing resistance. Given these dynamics, Friday’s peak could be a false bullish breakout. The Nikkei 225 (Japan 225 on FXOpen) might retreat towards the median line or drop further to test support around 37,800. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice
Hi Traders! ? Today’s analysis focuses on Apple Inc. (NASDAQ: AAPL) using Elliott Wave principles on the 15-minute timeframe. The chart illustrates a potential corrective structure unfolding after a sharp decline. Let’s break down the details: Elliott Wave Count: - Impulse Wave (1-5): The initial drop is identified as a completed 5-wave structure. - Corrective Wave (A-B-C): The market appears to be in the midst of an ABC correction, with wave B currently unfolding near key Fibonacci retracement levels. Key Fibonacci Zones: Wave B Resistance: - 0.618–0.786 Retracement: $257.41–$258.59 (likely reversal zone). - 0.88 Retracement: $259.25 (critical invalidation level). - Wave C Target: $250.38 (1.0 Fibonacci extension of wave A). Potential Scenarios: 1. Bearish Continuation: A rejection in the $257–$259 range could trigger wave C, targeting $250.38. 2. Invalidation: A break above $259.25 suggests a failed bearish setup, with a potential retest of higher levels. Trade Idea: - Entry: Monitor price action near $257–$259. = Stop-Loss: Above $259.25 for a conservative risk approach. - Take-Profit: $250.38 for a 2:1 risk-reward ratio. Market Sentiment: With broader market uncertainty and Apple at a pivotal technical level, this corrective structure provides a clear opportunity for short-term traders. Always manage risk, and trade safe! ? Let me know if you'd like adjustments or additional insights. Happy trading! ?