Trading with Dave
My journey has been crafted through the art of turning small accounts into meaningful figures by mastering the intricacies of the markets as a scalper and intra-day trader. I have passed multiple prop firm accounts so risk management is in my blood. I take a top-down approach to my analysis, leveraging Fibonacci tools to identify key levels and capitalize on opportunities in shorter time frames.
What I will learn?
- How to read price action (Candlesticks)
- How to do a top down analysis using Fibs
- How to take our Discord Trade Ideas
- Proper risk management
- How to Scalp on the 5 min timeframe
- My Fibonacci Retracement Strategy
- Zone - Zone Scalping
- My psychology behind my trades
Content/Playlist (14)
- Top Down Analysis on DXY, Gold, and US30 + Big Gold News Sell (02:05:14)
Description:
Top Down Analysis on DXY, Gold, and US30 In this video, I take you through a comprehensive top down analysis of the DXY (U.S. Dollar Index), Gold (XAU), and US30 (Dow Jones Industrial Average). We focus on how to effectively analyze these key markets to identify potential trading opportunities. During the analysis, I specifically looked for a Gold sell opportunity coinciding with upcoming economic news. As we prepared for the news release, my analysis indicated a favorable setup, allowing us to enter the market confidently. Once the news was released, Gold reacted as anticipated, promptly dropping into profits. Join me as I walk you through my thought process, technical indicators, and key levels that guided my analysis. This video is designed to help you understand the importance of a top down approach in trading and how to leverage market events for successful trades. Whether you're a seasoned trader or just starting, you’ll gain valuable insights to enhance your trading strategy and decision-making skills! - Selling Gold at the POI Level on the Volume Profile (02:35:05)
Description:
Selling Gold at the POI Level on the Volume Profile In this trading recap, we explore our successful strategy for selling Gold (XAU) at the Point of Interest (POI) level determined by the Volume Profile. Captured in this session, we initiated a sell position at 2511, and the price action provided an intriguing journey, with price fluctuating in and out of profits three separate times before ultimately finding its footing. As we monitored the market, we noticed that Gold maintained consistent trading below the identified POI level on the Volume Profile. This crucial observation indicated a rejection of higher prices and supported our bearish outlook. Once the price dropped and established a Lower Low (LL), we confidently held our position, leading to a successful outcome. In this video, we break down our trading strategy, focusing on the importance of the Volume Profile in identifying key levels for entry and exit points. Join us as we analyze the price action, share insights on risk management, and highlight the techniques that helped us secure over 100 pips on this trade. Whether you're looking to refine your skills or enhance your understanding of volume analysis, this recap is packed with valuable tips and practical knowledge to elevate your trading approach! - How to Enter Gold in a downtrend and How to enter Gold on pullbacks (02:07:08)
Description:
August 22nd, we highlight our two successful sell entries on Gold (XAU) that resulted in a significant drop of over 200 pips. In this video, we break down our strategy and the analysis that led to these profitable trades. Our first entry was identified during a clear rejection at the 200 EMA (Exponential Moving Average), a key indicator that signaled potential bearish momentum. This technical rejection provided us with the confidence to initiate our sell position, anticipating further downside for Gold. For our second entry, we focused on a Lower Low attempt, which indicated weakness in the market. This provided an excellent opportunity to capitalize on the downward trend, further reinforcing our bearish outlook on Gold. Throughout the video, we delve into the technical setups and market conditions that facilitated these trades, offering insights on how to effectively use EMA and price action to improve your trading decisions. Whether you're a novice or an experienced trader, this recap provides essential lessons and strategies that can enhance your trading toolkit! - Gold Sells Using Fibonacci Retracement Tool (00:24:15)
Description:
Gold Sells Using Fibonacci Retracement Tool In this trading recap from October 7th, we take a closer look at our successful Gold (XAU) sell at the 0.618 Fibonacci retracement level, executed at 2656.70. In this video, we discuss the analysis and strategy that guided our decision, utilizing the Fibonacci Retracement tool to pinpoint key resistance levels. As we seized the opportunity at the 0.618 level, we anticipated a bearish reversal in Gold's price action. Our strategy proved effective as Gold promptly dropped, ultimately reaching our full take profit (TP) target at 2650. This video not only walks you through the execution of this trade but also elaborates on how Fibonacci levels can serve as critical indicators in your trading plan. Join us as we analyze the market conditions that led to this profitable sell, diving into the technical details and insights that contributed to our success. Ideal for traders looking to enhance their understanding of Fibonacci retracement applications, this video is packed with valuable tips and strategies to help you navigate the markets with confidence! - Gold Sells from 0.618 Fibonacci Level (00:54:02)
Description:
Gold Sells from 0.618 Fibonacci Level In this insightful trading session from October 8, we focus on the strategic selling of Gold (XAU) stemming from the key 0.618 Fibonacci retracement level. As we analyzed the market, we noted that the DXY (U.S. Dollar Index) was poised to break out of its consolidation phase, holding above the critical 0.618 level. This positioning of the DXY indicated a potential strength of the dollar, creating a conducive environment for taking short positions on Gold. Throughout the video, we delve into the rationale behind our decision to sell Gold, emphasizing the divergence between the DXY's upward momentum and Gold's position below the 0.618 Fibonacci level. The analysis highlights how Fibonacci levels play a crucial role in our trading strategy, serving as reliable indicators for potential market reversals and continuations. Join us as we explore this trade opportunity, discussing key technical factors and market dynamics that led to our decision. Whether you're a seasoned trader or new to the markets, this video is packed with valuable insights to enhance your trading approach! - How to sell Gold at a Supply Zone and using the Volume Profile to manage your trade (01:39:53)
Description:
Video Description: Gold Trade Analysis – October 9th Sell at Supply Zone In this video, we take an in-depth look at a strategic Gold trade executed on October 9th, where I identified a selling opportunity at the supply zone level based on the 0.382 Fibonacci retracement, a key previous resistance level. I entered the trade at $2621.91, and I’ll walk you through the analysis and execution of this setup, culminating in a successful drop to $2609. Throughout the video, I utilize the volume profile, a powerful tool that provides insights into price activity and trading volume at different price levels. I’ll explain how the volume profile helps identify potential support and resistance areas, which are crucial for making informed trading decisions. By analyzing where the most trading activity occurs, I assess market sentiment and strength at specific price points. We’ll dissect how I applied the volume profile in this trade, confirming the sell signal at the supply zone and reinforcing our decision to enter the market. You’ll gain a clearer understanding of how to use this tool effectively in your own trading strategies. Join me as we explore the mechanics behind the trade, the significance of the selected entry point, and the overall market dynamics that drove the price action. Whether you’re new to trading or looking to refine your skills, this analysis will provide you with actionable insights to enhance your trading approach! - Scalper Pro Long Trade on Gold - Why i took and held this... (01:37:47)
Description:
Video Description: Scalper Pro Long Trade on Gold In this video, we dive into a recent Scalper Pro long trade idea on Gold, where we entered at $2731.9 and held the position all the way to our full take profit (TP) at $2742. Join me as we break down the key psychological elements that influenced our decision to take this trade and maintain our position for maximum gain. I’ll explain the reasoning behind the trade setup, including the market conditions that led to our entry point and the technical indicators that supported our decision. You'll learn about the importance of mindset in trading, how to manage emotions during market fluctuations, and the strategies that helped me confidently hold this trade through to its full potential. Whether you're a seasoned trader or just starting, this video offers valuable insights into the trading psychology that can make a difference in your results. Tune in to see how understanding the mental aspects of trading can enhance your strategy and lead to more successful outcomes! - How to use Buy Stops and 9 ema crosses when Trading Gold (01:19:47)
Description:
Trade Analysis: October 30th Gold Buy Stop On October 30th, we placed a buy stop order for Gold, entering the market at $2780. This decision was rooted in a robust technical setup that signaled a potential upward move. Our analysis identified a crucial bounce off the 200 EMA (Exponential Moving Average), indicating strong support at that level and a solid foundation for potential bullish momentum. As price approached our entry point, we observed a critical shift in price action, where it crossed above the 9 EMA (Exponential Moving Average). This crossover further validated our bullish outlook and provided us with the confidence to activate our buy stop order. Once triggered, the market responded positively, allowing Gold to rise to $2787. This successful trade exemplified our ability to leverage key technical indicators and understand market dynamics. With careful analysis and strategic execution, we turned a potential opportunity into a profitable outcome. Together, we continue to explore patterns and price movements to build successful trading strategies within our community. - How to sell Gold from a Double Top rejection on the 5M (00:47:05)
Description:
Trade Analysis: January 6th Gold Sell On January 6th, we executed a sell order for Gold at $2643.50, capitalizing on a well-identified trading opportunity that unfolded through technical analysis. This trade was influenced by a significant price pattern—a double top rejection occurring precisely at the 0.618 Fibonacci retracement level, which indicated strong resistance in that range. As price approached the $2643.50 mark, we observed a clear rejection, signaling a potential downward trend. This was further validated by the break below the 200 EMA (Exponential Moving Average), a critical indicator that highlighted a shift in momentum. The formation of a death cross, where the short-term moving average crossed below the long-term moving average, reinforced our bearish outlook and provided additional confirmation for our sell position. Following the sell order, the market reacted favorably, leading to a decline in Gold prices, which ultimately dropped to $2625. This successful trade showcased our commitment to disciplined trading strategies and our ability to read market signals effectively. We continuously strive to identify such lucrative opportunities in our trading sessions, ensuring our community is equipped with the knowledge and skills to succeed. - Live CPI New York Session - 15 January 2025 (01:02:32)
Description:
In our Live NY Session that coincided with the CPI news release, with patience and closely monitored price action. Identifying a buying opportunity on Gold. This careful approach paid off with a profit of 100 pips, demonstrating that staying focused during market news can lead to successful trading outcomes. Patience is key. - Gold Buys from Bullish Engulfing Candle & NYSE NAS Buys (02:13:01)
Description:
Join me in today's trading session as I dive into the exciting world of Gold and NAS100 trading at the NYSE open! In this video, I share my trading strategy and thought process behind taking buy positions on both assets. Watch as I analyze market trends and key indicators, looking for optimal entry points to capitalize on market momentum. Whether you’re an experienced trader or just getting started, this video offers valuable insights into trading Gold and NAS100. I also discuss risk management techniques and how to stay disciplined during high volatility periods. - How to buy Gold in a ascending parallel channel (01:02:32)
Description:
In this video, we analyze the relationship between Gold and the US dollar, focusing on a specific trading opportunity that arose within an ascending parallel channel. Watch as we discuss our entry point when Gold broke through the 50% level of the channel, and explore the insights that guided our decision-making process. Throughout the video, I provide a detailed breakdown of our technical analysis and the factors that influenced our strategy. Whether you’re looking to enhance your trading skills or gain a better understanding of market dynamics, this session is packed with valuable information. - How to get out of drawdown by finding next level support and executing (01:44:12)
Description:
Getting Out of Drawdown: Identifying Support Levels in Gold Trading Introduction In trading, experiencing a drawdown can be challenging, especially in volatile markets like gold. This guide walks you through a systematic approach to recovering from a drawdown by identifying key support levels and executing your strategy during the New York trading session. Step 1: Analyzing the Current Market Conditions Start by assessing the overall market environment. Look for economic indicators, news releases, and technical analysis that might impact gold prices. During the NY session, focus on factors such as: - U.S. economic data (like employment reports or inflation rates). - Geopolitical events affecting market sentiment. - Technical indicators (such as moving averages or RSI) that can provide insights on price action. Step 2: Identifying Key Support Levels Support levels are crucial in determining potential reversal points in the market. To identify the next level of support for gold: 1. Chart Analysis: Utilize candlestick charts to observe previous price action. Highlight areas where gold previously bounced back, as these may indicate strong support levels. 2. Fibonacci Retracement: Apply Fibonacci levels to identify potential support zones. Look for confluence between Fibonacci levels and previous highs/lows. 3. Volume Profile: Check the volume traded at various price levels. High trading volume at specific price points often signifies strong support. Step 3: Executing a Strategic Exit Once you’ve identified the next level of support, it’s critical to take action swiftly and strategically: 1. Set Exit Orders: Depending on your risk management strategy, consider setting limit orders just above the identified support level. This approach allows you to exit your position if the market starts moving in a favorable direction. 2. Use Stop Losses: Protect your capital by placing stop-loss orders slightly below the support level. This ensures that if the support fails, your losses are minimized. 3. Monitor Market Movements: Stay vigilant during the NY session as market prices can be volatile. Be prepared to adjust your strategy if new information comes to light, or if price action has shifted significantly. Conclusion Recovering from drawdown in gold trading requires careful analysis and strategic execution. By identifying key support levels and deploying an exit strategy, traders can navigate challenging market conditions more effectively. Keep refining your approach, learn from each experience, and stay disciplined to achieve better trading outcomes. - How to take a loss and turn it into a win (01:07:47)
Description:
Join me in this exciting live Zoom call with the Snipers as I navigate the ever-changing dynamics of the Gold market. In this session, I initially took a Gold sell at 2927.26, anticipating a rejection in the Golden zone. However, the market had different plans, flipping bullish and prompting me to exit the sell trade at a loss. This video highlights the importance of adaptability and adjusting your trading strategy in real-time. Watch as I demonstrate the significance of exiting positions when the market narrative changes and how crucial it is to flip your bias when key structures and volume shifts occur. I repositioned myself, entering a buy trade from 2933 to 2940. Thanks to holding above the 9 EMA and observing strong buyer control, my new strategy hit full take profit. This video is a valuable lesson in managing trades, recognizing market momentum, and illustrating the importance of flexibility in trading. Don't miss out on these essential insights for successful trading!
