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Top 3 TradingView indicators for trading the NFPNFP or Non Farm Payrolls is one of the most important economic reports that forex, commodity, and stock traders follow because it can act as an indicator for health of the US economy. The NFP reports on the number of jobs added to the US economy in the previous month excluding those employed by farms, the federal government, non-profit organizations and private households. The NFP report is released on the first Friday of each month and can be responsible for some of the biggest movements in Forex and other assets. Trading the NFP before it even happens can be risky because of the high volatility and possible widening spreads. It can be safer to wait 15 to 30 minutes after the release of the NFP report and pair your technical analysis with the following 3 indicators. Top 3 indicators for trading the NFP: Auto Fibonacci Levels + Auto Trend Line Generator Retracements after the release of the NFP are not an uncommon occurrence as predicting the value of the NFP is frequently far off the mark. As the market digests the unpredictable NFP results it can set out to correct its wrong assumption. Trading the NFP during retracements could be tiring, especially if you are doing a lot of Fibonacci calculations. The Auto Fibonacci Levels + Auto Trend Line Generator Indicator helps you with this, by showing you the most important Fibonacci retracements points directly on your graph. Sessions & Days Of The Week Sometimes it is best to keep it simple. The Sessions & Days Of The Week Indicator is discreet but is an important indicator that will show you the day of the week and the start and end of each day. This gives you a wholistic view of the markets from a global perspective which can help you understand how behave in the days and hours leading up to, during, and after the NFP. The indicator is applicable over all time frames so keeping track of different times zone and session changes over is a cinch. Volatility Quality Index w/ Pips Filtering One of the oldest indicators that has been used by traders for years is VQ or Volatility Quality Indicators. This indicator can be vital for determining a bad (unsustainable) and good (sustainable) volatility caused by an NFP release and great when you need an additional confirmation before entering a trade.
by BlackBull_Markets
2 NASDAQ earning reports to watch in OctoberIt’s that time of year again; earning session for US stocks. With so many other variables contributing to volatility in the US markets (e.g., inflation , Fed rate hikes, recession, oil prices, quantitative easing), anything out of the ordinary can result in huge moves in stock prices. This has already been witnessed in an early report from Nike (NYSE: NKE ) last week, where it missed on some metrics and was punished with a -12.8% fall in its stock price. So, with this in mind, here are two earning reports to watch this October. Advanced Micro Devices (NASDAQ: AMD ) AMD updates the market with its earnings on Tuesday October 25, alongside some of the other major companies on the NASDAQ, including Microsoft (NASDAQ: MSFT ) and Alphabet (NASDAQ: GOOG ). AMD shares fell +23% in September, partly impacted by the weak report from sector compatriot Micron Technology (NASDAQ: MU). It is the weak demand outlook that Micron painted for personal-computer products that makes AMD’s upcoming announcement one to watch. Similarly, Taiwan Semiconductor (NYSE: TSM ) is reporting on October 13, which could serve as another barometer for the industry before AMD delivers its report. Netflix (NASDAQ: NFLX ) It may be a make or break earnings report for Netflix on Tuesday 18 October. Netflix shares climbed +8.4% over September, and over +30% since its last market update in June, where it reported a loss of almost 1 million subscribers. In fact, Netflix was one of the top S&P 500 performers last month, where the broader market index fell by -8.0%. In the upcoming announcement, investors will be looking out for more details concerning the company’s plan to diversify its revenue base with ad-tier subscription and its heretofore mild penetration into the gaming space. Some surveys point to almost half of Netflix’s subscribers considering a switch to the company’s ad-tier plans, which would mean that Netflix would have to fill that subscriber revenue gap by selling $5.4 billion worth of ad space.
NASDAQ:AMD
by BlackBull_Markets
HDFC AMC - In strong support lineHDFC Asset management is in its strong support zone, wait for fo its breakdown and give entry on the downside, trade only it breaks the zone or else do not trade 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:HDFCAMCShort
by PrakWorld_Traders
Intraday opportunity in RELIANCE, 2nd July 2021Reason: RELIANCE is below it 50 Moving Average and 20 Moving Average. It may try test it's 2113 level. In 2 scenario you can short for a target up to 2078. 1st scenario to short: Reliance test it's 2113 level and fail to give breakout. Stop loss would be 2122. 2nd scenario to short: Reliance can't go above 2102 and fail to give breakout, in this case stop loss would be 2114. NOTE: USE 5 MINUTE CHART FOR THIS TRADE. DO YOUR POSITION SIZING CORRECTLY. DRAW THE LEVELS IN YOUR CHART AS WELL. DON'T BECOME GREEDY. DON'T TRADE IN FOMO IF YOU MISS THE RIGHT ENTRY. THERE WILL BE ANOTHER OPPORTUNITY TOMORROW.
NSE:RELIANCEShort
by TheNoobDayTrader
Intraday Idea for 2nd July 2021 Script name: TATAMOTORS Today I made it more clear for you guys and marked the zone from where you should enter into the trade. Reason: 345 is a major resistance zone for TATAMOTORS and price got rejected from here today. A down ward trend line and price is below 20 MA. 345 to 346 is your Entry zone as marked in the chart. Stop loss would be above 348. RISK TO REWARD is more than 1:1 . Target would be 340. . NOTE: USE 5 MINUTE CHART FOR THIS TRADE. DO YOUR POSITION SIZING CORRECTLY. DRAW THE LEVELS IN YOUR CHART AS WELL. DON'T BECOME GREEDY. DON'T TRADE IN FOMO IF YOU MISS THE RIGHT ENTRY. THERE WILL BE ANOTHER OPPORTUNITY TOMORROW.
NSE:TATAMOTORSShort
by TheNoobDayTrader
jubilant Foodworks - ShortingJublfood broke its triangle pattern and started to fall. Now it's in a bearish trend, so give an entry with appropriate Stop loss Since it's a FO stock shorting, You shall prefer for intraday shorting in the intraday equity cash market or going short in the Future and option market Aggressive traders enter at the breakout and conservative traders may give entry after retracement After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
NSE:JUBLFOODShort
by PrakWorld_Traders
Indraprastha Gas - Channel PatternIGL stock trapped in a channel pattern and now it's in a bearish trend, so give an entry with appropriate Stop loss Since it's a FO stock shorting, You shall prefer for intraday shorting in the intraday equity cash market or going short in the Future and option market Aggressive traders enter at the breakout and conservative traders may give entry after retracement After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade 🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
NSE:IGLShort
by PrakWorld_Traders
5
HDFC Bank : Shorting On RallyHDFC Bank posted good results. The Primary trend being down, I'm looking at the shorting opportunity when price rally upon a good result. Entry: 950-960 ( Resistance - Wait for price to take a resistance - use 30 minutes or hourly to for conformation) Stop-loss: 990 ( Previous Swing High) Target: 1:5 ( 800 ) Don't Jump The Gun at 9:15. Our patience will achieve more than our force. Hdfcbank daily trend will turn up when closed above 990. (Bear Market Low 738 - Swing High 988 - HL 810 - HH ?? ) (738 - 988 - 810 - 988++ ??) ------------------------------------------------------------------------------------------------------------------------------------------------------- Entry: 950-960 ( Resistance - Wait for price to take a resistance - use 30 minutes or hourly to for conformation) How to confirm whether it's respecting resistance or not? There no magic formula. Just wait for a red candle, bar around 950-960 on 30 minutes or hourly. One red candle doesn't confirm resistance. But it's a technique to enter a trade at our predefined resistance level. Keep things simple enough while trading.
NSE:HDFCBANKShort
by Equity-Earningz
2
Nifty - Where to short a Pullback?#Trendfollowing After the craziest fall, nifty is pulling back. So where to short a pullback? A - Bearish Flag Breakout B - Price Percentage Change Projection C - Traditional Price Range Method D - Retracement Levels Whether to short options or short futures is entirely depends as per your money management and risk appetite, but don't buy PE's expecting for a huge gain. Which level is best to short depends on how the price is approaching a particular level. These are not touch and trade levels. So we need to watch price action before trading. If you have any doubts about the above, do let me know in the comments.
NSE:NIFTYShort
by Equity-Earningz
2