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Day Trading vs. Swing Trading vs. Position Trading 86 replies

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Techknow Trading

  • #381
  • Apr 22, 2024 10:25am Apr 22, 2024 10:25am
Understood, but with my broker there is no gap.
  • #382
  • Apr 22, 2024 10:31am Apr 22, 2024 10:31am
Quoting Eagle-Eye
Understood, but with my broker it has already been filled as you can see. {image}
the gap is at 63666 area look lower. Here is an example of gap fill dynamics that just happened and you can see my explorer i long the play as well. Great for scalps, sometimes runners too.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-04-22_22-30-11.png Size: 19 KB
TechKnow
  • #383
  • Apr 22, 2024 10:41am Apr 22, 2024 10:41am
Nope, no gap...
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Click to Enlarge Name: Screenshot_2024-04-22-17-35-54~2.png Size: 111 KB
  • #384
  • Apr 22, 2024 10:53am Apr 22, 2024 10:53am
Quoting Eagle-Eye
Nope, no gap... {image}
what broker are you using? Pepperstone is really good with showing gaps. Exness is not so good
TechKnow
  • #385
  • Apr 22, 2024 11:18am Apr 22, 2024 11:18am
Quoting Techknow
{quote} what broker are you using? Pepperstone is really good with showing gaps. Exness is not so good
ICMarkets
  • #386
  • Apr 22, 2024 11:27am Apr 22, 2024 11:27am
Quoting Eagle-Eye
{quote} ICMarkets
Well damn them! Get your tradingview out and use pepperstone charts to see all the gaps
TechKnow
  • #387
  • Apr 22, 2024 12:03pm Apr 22, 2024 12:03pm
Closed gold shorts for now
TechKnow
  • #388
  • Apr 22, 2024 12:17pm Apr 22, 2024 12:17pm
So, I'm watching this gold monthly right now. I think any close below 2300 should make a pretty serious bearish candle. The other scenario is that gold starts to make moves after bouncing off this area and straightens up this monthly bar, so it's not bearish. It is going to be very interesting to watch the close.

67645 should be where bitcoin starts to turn bearish, maybe
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2024-04-23_00-15-59.png Size: 17 KB
TechKnow
  • #389
  • Apr 22, 2024 12:59pm Apr 22, 2024 12:59pm
anywhere before that works as well.
TechKnow
  • #390
  • Apr 22, 2024 1:00pm Apr 22, 2024 1:00pm
Quoting Techknow
{quote} the gap is at 63666 area look lower. Here is an example of gap fill dynamics that just happened and you can see my explorer i long the play as well. Great for scalps, sometimes runners too. {image}
as you can see this was a good example of why i make trades like this.
Attached Image (click to enlarge)
Click to Enlarge Name: NAS100_2024-04-23_00-58-57.png Size: 20 KB
TechKnow
  • #391
  • Apr 22, 2024 1:10pm Apr 22, 2024 1:10pm
2326 on gold, id expect things to get bouncy around here
TechKnow
  • #392
  • Apr 22, 2024 1:15pm Apr 22, 2024 1:15pm
Quoting Techknow
{quote} as you can see this was a good example of why i make trades like this. {image}
Great, but how do you know if scalp or runner?
  • #393
  • Apr 22, 2024 1:32pm Apr 22, 2024 1:32pm
Quoting Techknow
2326 on gold, id expect things to get bouncy around here
Bounce to? 2350?
  • #394
  • Apr 22, 2024 1:46pm Apr 22, 2024 1:46pm
Quoting Eagle-Eye
{quote} Great, but how do you know if scalp or runner?
Great question! The size of the candle can indicate whether it's a good opportunity for scalping and catching a runner. For the best results, I recommend using the hourly chart. The 4-hour chart might not catch the scalp, and the 30-minute chart may not be defined enough. If you can catch the candle or the gap fill, you'll likely make the scalp.

To maximize your success, consider opening two positions: one for scalping and one for a potential runner. After closing the scalp, set the runner to a +1 pip profit. Avoid setting your positions to break even, EVER, as it doesn't significantly impact your overall performance. Always give yourself at least one pip; over time, these small gains can add up.

Regarding gold, I'm not certain about the current bounce. As I'm not currently invested in it, I will have to watch for the next move.
TechKnow
  • #395
  • Apr 22, 2024 1:55pm Apr 22, 2024 1:55pm
Quoting Techknow
{quote} Great question! The size of the candle can indicate whether it's a good opportunity for scalping and catching a runner. For the best results, I recommend using the hourly chart. The 4-hour chart might not catch the scalp, and the 30-minute chart may not be defined enough. If you can catch the candle or the gap fill, you'll likely make the scalp. To maximize your success, consider opening two positions: one for scalping and one for a potential runner. After closing the scalp, set the runner to a +1 pip profit. Avoid setting your positions...
Thank you.
What your view on bitcoin?
I have Sell from 66750 because of trend line.
  • #396
  • Apr 22, 2024 2:52pm Apr 22, 2024 2:52pm
Quoting Eagle-Eye
{quote} Thank you. What your view on bitcoin? I have Sell from 66750 because of trend line.
Take her down to the gap fill, see what happens, then 59-60.
TechKnow
  • #397
  • Apr 22, 2024 2:54pm Apr 22, 2024 2:54pm
This whole area is ripe for shorts to at least the gap fill, I expect lower after that zone is breached.
Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD_2024-04-23_02-54-17.png Size: 42 KB
TechKnow
  • #398
  • Apr 23, 2024 12:02am Apr 23, 2024 12:02am
Quoting Techknow
So, I'm watching this gold monthly right now. I think any close below 2300 should make a pretty serious bearish candle. The other scenario is that gold starts to make moves after bouncing off this area and straightens up this monthly bar, so it's not bearish. It is going to be very interesting to watch the close. {image}
update on this beauty
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD_2024-04-23_12-02-06.png Size: 32 KB
TechKnow
  • #399
  • Apr 23, 2024 12:06am Apr 23, 2024 12:06am
Quoting Techknow
67645 should be where bitcoin starts to turn bearish, maybe {image}
Got real close, could be it
TechKnow
  • #400
  • Apr 23, 2024 1:00am Apr 23, 2024 1:00am
Everyone who can see this. I'm back in full swing now that the Thai New Year celebrations are over. If you have any questions or need analysis on a specific pair, please feel free to ask. I'm here to help and will gladly analyze any chart, from dollars to diapers and everything in between. I trade all pairs and instruments. We have only just seen certain ones here so far because that is where the money is right now, but I can help you with any pair. There are no dumb questions, so please don't hesitate to ask!
TechKnow
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