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Volumes. Daytrading. Signals, trades and statements every day.
Hey everybody. I am a Daytrader and I do effective market analysis based on price and volume. Yes, really effective and you will see that
I have a complex system of analysis, unlike that primitive volume analysis, which is described everywhere on the Internet. Not to mention other garbage analysis methods, like graphic, candlestick, technical, waves analysis and other crap.
At the moment I am working with 6E (EUR/USD) and I will share with you the analysis and signals my system provides. Try the signals, enjoy the results and ask questions.
Those signals that I will give here, I will work out myself and show the results directly on the charts at the end of the day. I will also periodically post the statement from the terminal.
In fact, I'm already running my blog from the beginning of May. For starters I just wanted to try what it is like to trade publicly, publishing my analysis and all my trades every day. I started writing literally for myself and a couple of friends, and now that I'm more or less on the rails, I've decided that I'm going to start doing it for an audience.
Decided that I would do a little recap at the end of each month. I started blogging on May 5th, so today I'm going to sum up May, and in the next post, like tomorrow, I'm going to do a post about June. I started by simply writing every day scenarios for the next day and giving recommendations for trades. I didn't open a separate account to trade on these recommendations until early June, so in today's post we'll only look at specific word-of-mouth recommendations and how my scenarios came to fruition. The next post, which will sum up the results of June, will show specific trades and statement from the trading terminal.
By the way, I started with 30 euros on June 3, and so far I have 90 euros in my account. About 35 deals during this period, only 2 of which are in the small loss, almost break-even.
IMPORTANT NOTE: there are a lot of traders who show their "successful" analytics and trading on the Internet, but in 99% of cases it is just a demonstration of some profitable deals/days, which happen to everyone with different frequency. Obviously, all this is worthless, because for one successful forecast and a profitable day there may be 5 losing trades. I, in turn, demonstrate my analytics and its results, as well as my trading absolutely every day. Thus, it is possible to get an objective picture of how effective it all is. And of course I show a complete report in the form of the statement from the terminal.
For instance, I have missed only 1 day in May, I simply slept through it, but it was Friday and, as you can see from my Friday posts, I almost never trade on that day and do not give signals, so no big deal. Below I have given quotes from my posts, where I have registered my scenarios and recommendations, as well as the way they were implemented. Some days I have not given as an example, because on those days I either did not give clear recommendations (which I directly wrote about in the post for that day), or I gave some far-out levels for trading, which eventually were not achieved. You can see all the posts for each day without exception on my blog at any site you like.
May 6.
"As stated yesterday, there were rotations near the lower limit of the local balance."
May 10.
"But as I said on Thursday, the price is at the lower boundary of the local balance and it's not ready to move down at all. And said to pay attention to the fact that the volume of the previous day has moved down and the price is fixing above it, which tells evidently about the strength of the buyers and the intention to continue the local balance. As a result, Friday was very strong and confident and on the volume went up, implementing a passage to the upper boundary of the local balance."
May 11.
"Yesterday I wrote that we were at the upper boundary of the local balance (blue rectangle on the screenshot) and that the price would rotate on this boundary all day long.
That's exactly what happened, there was a rotation that formed an intraday small balance, from the lower boundary of which I suggested buying (1.2130) in yesterday's post."
May 12.
"I'm sure you're just as pleased as I am to see the beautifully realized scenarios we predict every day. In yesterday's post, I wrote that price would continue to rotate within the intraday balance (blue rectangle). I also wrote that the limits of the balance will widen a little bit and it makes sense to sell from 1.2193. But it was a far and safe level for the short. And the closer level, which was also marked on the chart (gray level) was realized."
May 13.
"Right away I will draw your attention to how once again the market has accurately implemented our scenario. As I wrote yesterday, the selling factors intensified, which indicates a soon movement within the local balance down. As usual, I gave the safest levels for deals, and the price did not reach the short-side level just 5 points, but turned down from the overnight volumes of the previous day very nicely (black level on the first screenshot).
May 18.
"Yesterday I wrote that the market was not ready to make an impulse yet and would trade within the boundaries of the intraday balance. I marked the balance with an orange rectangle. That's what happened."
May 19
"Well guys, even though I got up late yesterday and we missed the main movement with you, the recommendations for the rest of the day worked out more than accurately.
The price did turn around from the level indicated in yesterday's post, falling just a couple of pips short. Like I said, the price reached the thin support and reversed to 1.2233. I could not indicate the thin support at that time, because it was to be formed only in the future, when the price would move fully upwards. But even here, the defined gray level on the chart proved to be the thin support, from which the price reversed upward."
May 20
"As I wrote in a previous post "the possibility of the impulse ending or at least pausing is also there, as we are at serious resistance levels." In the end, the resistance did indeed trigger, selling activity occurred. And as I said, if the level of 1.2247 will not be passed, we will buy from 1.2200 with the target of 1.2237. Note how accurately our target (the red level) was eventually worked out."
May 25.
"Yesterday I wrote, "Sell from 1.2205, if the price goes there right after the market opening in the next 5-6 hours with the target 1.2173 or with the target 1.2188 if completely safe." As a result, I was able to see how beautifully and accurately these levels worked out and the targets were set. However, it happened later than I wrote in the scenario, so unfortunately the signal was not implemented.
However, the following scenario was executed, "If there is no selling volume at 1.2205 and the price will rise above 1.2188, you can buy to 1.2237". As a result, the price fixed above 1.2188 and really reached 1.2237, showing the strength of the buyers."
May 26.
"Of course we had considered that scenario, that's why I advised to buy from 1.2237 and from 1.2244, aiming for 1.2260. In the end both levels were bought and the price even went a little bit lower to 1.2228, which was also marked on the chart. However, the price reached the target only early this morning, so I understand you, for those, who were unsure and closed early at break-even or with small profit."
May 27.
"Yesterday I wrote that there would be no repositioning upwards and that the intraday balance would continue and the price would go towards its lower boundary to 1.2175 - 1.2160. As you can see on the chart, that's what happened."
May 28
"I want to start right off by saying how great the levels that you and I mark on the chart work. It's a pleasure to work with them and observe this beauty. Yesterday I gave only sell signals. As a result, the sales happened exactly from the level I gave and beautifully reached their target (in yesterday's post: Sell from 1.2215 with a target of 1.2187)."
May 31
"As you may remember, on Friday I traditionally did not give any signals for the day, but I said that the price was likely to fall further and suggested to sell from 1.22, if the selling at the level occurred. As a result we got to 1.22 and the market went down rapidly and nicely. I did not give any signals, but the scenario worked perfectly.
Here is my current statements from the moment I made my account and deposited 30 euros.
I will make a post tomorrow morning with analysis and signals for tomorrow. Do not miss
Yesterday was a holiday for USD, so the market was half dead yesterday, trading with no volume and not even all day. Locally we are in the balance phase of 1.1803 - 1.1970 under pressure from the global seller. The volume, which came out on Friday at support has not yet been positioned as a buying one, so it is too early to talk about the reversal up within the local balance.
In general, based on the current picture, there is a variation of scenarios today. I am inclined to the fact that today there will be no interesting movements and the price will move in the range of 1.1838 - 1.1883. Though, given the intraday signs of buyer strength and if 1.1863 is held, I do not rule out a move towards 1.1905 or even 1.1922. If market does not hold 1.1840, price might fall to 1.1817.
Signals:
Sell 1.1905 and 1.1922. Take profit: 1.1883. Stop loss: 1.1935.
Buy: 1.1843. Take profit: 1.1873. Stop Loss: 1.1831. If the deal opens and the price rebounds slightly from 1.1843, but is pulled back down for a long time, showing no sign of buying strength, it is better to exit the trade at breakeven.
Today is not a very interesting day for trading, especially, because yesterday was a holiday for the USD, so there is no strong base for analysis within the day.
I am sorry, but I forgot to post here yesterday. But posted on Medium, so you can view the post on medium dot com (I can't post links yet). You can find me there by searching - "markethacker"
Today's post:
Hello all, dear traders. My main mistake this week was that on Tuesday I threw too many lots to buy where the market could potentially fall even lower, so I was able to add just a little bit to the long already down, so yesterday I closed in the safe-haven at no loss, although I could have closed the profit if the lot had been distributed a bit differently. But there is absolutely nothing wrong with that.
Yesterday I gave signals for shorts:
- Short at 1.1820 with a target of 1.1805, stop at 1.1827. A quick little trade.
- Short at 1.1850, aim 1.1820, stop at 1.1862.
But as it often happens, the situation changes during the day, the plan is slightly corrected according to the actual data.
Unfortunately, I didn't have time to write a commentary with adjustments everywhere I blog. But my trades report will show that at 1.1820 I was not shorting at all, and at 1.1850 I was shorting and did not close at the stop level, but only added to the short.
As a result, the price did not reach the initial target just a few points, but I closed the deals higher, of course, considering that the entry point was shifted higher.
Traditionally, I do not give any recommendations on Fridays, with few exceptions. Therefore I wish you all a great weekend.
Good morning everyone and have a great start to the week.
Unfortunately, I have to run away now, so I do not have time to make a full analysis and give any specific signals. That's why I will just say some words about the market situation, superficially and without any signals.
At the moment we are at the key resistance level within the local balance of 1.1780-1.1970. Although the structure of the move up is relatively weak, the price is not ready to reposition the level of 1.1890 and move further up the balance.
First, I am waiting for the drop to 1.1824, and then we will see what will happen next. Even though the price is moving up intraday now, all the volumes are still held and the maximum volume of the previous day is also under the market, so it is necessary to look for the entry point very carefully, because the intraday balance at 1.1855 - 1890 is very probable at first.
A warm welcome to you, dear traders. Yesterday I did not have much time to do analysis or even more to form some signals, which I reported in this morning’s post. However in the same post I wrote that the price was not ready to reposition to the level of 1.1890 and move up within the local balance of 1.1780–1.1970. I wrote, that I was waiting for the fall to 1.1824, but taking into account all the factors it will not occur instantly, and it will be possible to rotate within 1.1855–1890.
IMG
Pay attention how exactly 1.1855 eventually worked out, and then the price really went down and reached the intermediate target level, which was marked in my chart. Unfortunately, I didn’t show you that level on the chart, as I didn’t post any screenshots in yesterday’s post, but I was shorting on Friday and added shorts yesterday and closed them at that target level. Note how accurately it worked out.
Fixing the situation.
We are still in the intraday balance at 1.1780–1.1890 and even though we are slowly growing inside the day, showing some signs of strength, holding the intermediate supports on the way etc., so far the market is still not ready to reposition the upper boundary of the balance and move further up towards the upper boundary of the local balance at 1.1968.
IMG
Therefore, today will move down to 1.1837 and 1.1824. Or the price will rotate in the balance of 1.1856–1.1890.
Signals.
Based on the current situation, it is difficult to give any precise signals, we should look at how the price will behave at the levels and how it will approach them. But I can give some critical points.
We sell at 1.1890 and 1.1905, stop at 1.1916, the target is 1.1880.
I personally left some shorts since yesterday, but I cannot advise to short right now, because it is dangerous, especially due to the resistance at 1.1856.
We buy at 1.1824, stop at 1.1806 and aim at 1.1847. Or instead of the stop we buy at 1.1810 and close everything at 1.1835.
Good morning, traders. The day before yesterday and yesterday I wrote, that the price was not ready to move up within the local balance, and that I expected fall to 1.1824 to begin with. As a result, yesterday the price did not only fall to 1.1824, but even reached the bottom of the balance.
Since Monday I was in the shorts, so I closed them with the profit on fall. However, since I did not expect that the price would move to the lower boundary of the balance so quickly yesterday, I gave a buy signal from 1.1824 and 1.1810.
I myself did not open those deals, because based on the situation at the moment it was obvious that you should not buy, the price was in the phase of the intraday impulse. But even in that situation the buy low of 1.1810 was not bad and the price failed to reach the target, just 2.5 pips. I hope that those who bought, sold with profit without waiting for the target, or at least broke even. In the comments to the post I wrote at the time, that those who are still in the trade, put a stop to Breakeven.
I sold on the pullback up, knowing that the price will finish the movement to the lower boundary of the balance.
Fixing the situation.
Now we are at the bottom line of the local balance at 1.1778. Now on this level for the beginning there will be a small balance, which will show, whether there will be a reversal towards the higher resistances or the balance will extend further downward.
I will not give any specific signals today, except buying from 1.1705. The level of 1.1795 is also on the cards. If it will be held and it will be used for the sales volume, then it is possible to short from it accurately and target for the exit below the border of the local balance. But it is just the reasoning for now. All the same, today we must see how the lower boundary will work out, and then we will see.
Good morning to all. Yesterday I wrote that I would not give recommendations, because it is necessary to see how the lower boundary of the local balance works out. Actually, a good volume appeared behind the lower boundary of the balance, which was positioned as the buying one, which is a move to the responsive activity. Then the price went upwards, creating a fairly strong structure. In general, the situation is interesting, but unfortunately there is no time for detailed analysis, so I will not give any recommendations today.
Let's see what the market will show us today. Have a nice day everybody.)
Good morning dear traders. Yesterday I didn't give any recommendations and today I won't do it traditionally either. The only thing I would like to mention, that the price is moving right above the POC level of Thursday, as if holding it and creating the precondition for the slight growth today, but if it is not held, the price may fall to 1.1775 or even lower. But this is just reasoning. There will be no analysis, scenarios and signals today.
Have a great start to the week, traders. We did not trade on Friday, so we will start fixing the situation today. Globally, we are within the movement towards the lower boundary of the global balance at 1.1640. The potential of downward movement, accumulated at the top of the balance sheet has not been realized yet, moreover locally and even more globally, there are no critical signs of reversal yet.
To buy now precisely it is impossible. I expect a fall further, at least to 1.1775 and further, though probably today the price is not ready to fall right away, and at first it will go a little bit slower, widening the Friday's micro balance. That is why it is necessary to look for the entry points at the moment, I cannot give any specific signals right now. Moreover, we are in the middle of the balance within another one and it implies a large variability. We may very well go upwards to begin with. If there is anything I can pick up, I will telegraph it.
By the way, I am going to make a big post today with summing up the results of June, I will show my deals, I will show how my analysis was working from day to day, I will show the statement, it will be interesting
