Hello Traders! Gold and Oil has been rallying up with globe tensions high. Gold and DXY are both above the monthly opening price. One of them is lying. Market makers are holing up DXY from falling it seems. I still would like to see a weak dollar if the feds show no sign of increasing rates. Short after a up day is ideal. Let' see if we tumble lower. I...
Hello Traders! We can see price is forming lower swing highs in a premium range. Best sell setups ideally occur in a premium. If this month is going to trend lower it will do it best to form swing highs or lower swing highs above the monthly opening price.
Hello Traders! As we can see price gave another bearish day. If we get any up day I would sell the next day. Remember selling short is ideal in premium territory. Don't believe me? Check any bearish month via daily.
Hello Traders! You can see that sell stop order is active. Currently in the market short. Price is still in a premium for the month. Selling is best to me as the trader when above the monthly open. Price has recently taken out BSL and will possibly look for SSL. Larry Williams Smash Day logic played out well for the short opportunity. Would like to see price...
Hello Traders! Still seeking a sell setup. Price is not worth buying at this over valued price. If I was the market makers I would be getting ready to sell this to those that want to buy at these level foolishly.
Hello Traders! Price is currently in a premium. It is above the monthly opening price. When price is in a premium this is ideal for selling. If we have to catch the turning point we most wait for a candle to close above several highs. This will become our smash candle, a model by Larry Williams. We sell at the low, which is selling on weakness with a sell...
Hello Traders! We can see dollar is till going higher which means lower yen.
Hello Traders! Welcome to a new month. The year is moving so fast! GJ is the winning vote from the group poll.
Hello Traders! Take a look at the pervious daily updates and see how this month has progressed. It takes time for a monthly candle to form. You have time to find setups!
Hello Traders! AUD/USD has been selling off while dollar remains strong. I would look for small sell setups but start to keep an eye out for a turning point.
Hello Traders! We can see Dollar is still following its seasonal tendency. Likewise Australian Dollar is following its seasonal tendency.
Hello Traders! Last update I spoke on XXX/USD going lower. With that in mind that would mean a higher dollar and lower gold. Please utilize other asset markets that can help comprehend what you are trading. Be multifaceted and not one dimensional.
Hello Traders! I do not always get it correct. All you can do is adjust and evaluate where you stand in the market place. I had a reminder to follow my daily draw formula. Swing low broken + Lower swing high = commercials selling Swing high broken + Higher swing low = commercials buying
Hello Traders! As of right now AU ideally looks better for a buy because it's oversold.
Hello Traders! Leave NFP alone. Wait for it to pass and trade next week. You got the rest of the month to make and plan setups.
Hello Traders! I am bullish on DXY and bearish on EU. Still waiting for NFP to pass to start making some decisions on where I am going to possibly catch my swing trade for the month. We may not get a swing this month which is okay but that my goal each month.
Hello Traders! ITS THE FIRST OF THE MONTH! Let's get after it like we always do.
Hello Traders! As this month comes to an end remember that a bullish month candle will have a peak point. Once the High is priced in we can assume there will be a close lower than the high. Since the ICT ATM idea came up we have been in bearish. With that in mind we spoke about the DXY filling the void back up as well.