DesmondMeyer

04:53

DesmondMeyer

In order to enhance your plays when it comes to options(stocks), it will help to compare the stock to its relative index it is in. This was a stock I happened to come across just doing some random backtesting and saw a nice 4hr candle that could potentially cause a reaction for more upside. I forgot about it and came back about 2weeks later and saw my area was...

DesmondMeyer

Trade of the week

04:14

DesmondMeyer

This trade is still active. I was in on the 1HR time frame but was stopped out at breakeven. I then played it again on the 5 min timeframe. You'll notice how the market needs to create liqiuidity to move back and forth. When I got in on the 5 min time frame, you'll notice the market created equal lows and there was one more spike down to my entry before finally...

DesmondMeyer

BYND SHORT

DesmondMeyer

SELL OPPORTUNITY

DesmondMeyer

OIL SELL OFF

03:44

DesmondMeyer

BTCUSD mark-up that happened over the weekend. The overall target was not achieved, but the first target was reached as there were equal lows located within reach that it was reaching for.

01:34

DesmondMeyer

AUDUSD VS NZDUSD DIVERGENCE PLAY. If you're looking for buys, you want to buy the stronger pair and vice versa if you're selling

04:36

DesmondMeyer

Planned two sell ideas for XRP over the weekend. The first one traded into the direction I was looking for but did not go all the way. I marked the second one up immediately after planning the first because that was another place I thought we could get a reaction. I was not too sure that the original point of interest with the 15 min candle would hold all the way...

05:33

DesmondMeyer

With the talk about Bitcoin for the past couple of weeks, I decided to go take a look at it. Trading against the trend can be difficult without the right expectations. I saw we slowed down a little bit and started ranging. We broke structure on the 1HR time frame which signaled there could be some weakness that could be coming into the market. With the area I had...

DesmondMeyer

Regardless of the market, they all move the same way. This analysis if over Pfizer (vaccine company) who has been headlined in the news last week. Manipulation at it is finest

06:50

DesmondMeyer

Looking for at least a 3:1 on the short but we never reached the target. We gained 50 pips off of the trade so it was enough to take partials but the moment we made our way back up to the entry area without breaking bullish structure, the trade lost the highest probability of selling back down again

04:12

DesmondMeyer

USDCAD SELL OPPORTUNITY. There was an open gap, around a quarter level, equal highs and equal lows everywhere, and an open institutional play. Play was a 4:1 risk to reward (I apologize for my mouse as it not too great which is the reason for me not being able to click on things as quickly as I'd like)

03:43

DesmondMeyer

Small time frame set-up. Let price come into our area of interest, let it react, and finally let it retrace so we can get in. Only looking for trades that produce a 3:1 risk to reward at least. This set-up was taken in my demo account but nonetheless the same approach would have been utilized if I were using my real account

04:26

DesmondMeyer

EU buy scenario played out well on Friday. The news that came out from the Federal Reserve took price to the target rather quickly. As soon as we hit, the whole level 1.19000 we reversed immediately. Remember if it is fast it won't last and if it is slow it will grow.

05:04

DesmondMeyer

A sell I was looking at all week last week on silver. We were making lower lows and lower highs on higher time frames and seeing how the indexes' (US30, NAS100, SPX500) were selling off in someway last week made this trade more probable. We got close to entry but never traded into my marked entry. Nonetheless, we came back and filled my entry giving 2 attempts at...

03:07

DesmondMeyer

After doing back testing between the two correlating pairs, you'll notice NZDCAD is significantly weaker than AUDCAD currently. So you much rather want to look for sells for the weaker pair and buys for stronger pair. The term for two correlating assets doing different things is called divergence. These two pairs have a 95% correlation rate on the 4hr time frame...

02:24

DesmondMeyer

Time lapse of a trade I rode down all week. We didn't respect the 4HR structure and broke through it, so I decided to look for shorting opportunities. Also being that the DXY was stronger for the earlier part of this week made this even better. We ultimately reached the target and have traded even lower since but it was clear where price was headed on the daily...