See if the start of the quick rise can be the support of gold. try to get long and place the good stop under the support area.
Look carefully to the volume profile, the major range area of XAU is now between 1192 to 1207. 1192 was tested once as resistance but failed that time. However, it still cant break though 1207 trap that time. And now it comes drop back under the area and test again the resistance AGAIN, it provides a relatively good entry for selling! Worth to get a short once...
Hi all, lets do it. 113.2~114.3 is growing to be the new heavy area (the rectangle box) and it will be the center of the price distribution. Thus USDJPY is now neutral. From another perspective, there is a competitive RR ratio to engage a trade for both side. The blue one is buy force, they are following trend and targeting to break the year high. With the...
Expected AUDUSD would walked around the previous low area (grey box) before break down since there should be some buy force. But now, the quick fall spikes it. As not much buy force shows up, the area has no any indication. The volume profile at the same time is still thin. However, although the grey box is now weak, it is still effective. And hey, we have profit...
In the daily time frame, the whole picture of EUR is going down, find any chance to go short in H4. And once catch any profit starter, try to enlarge the position without widener the risking capital by using the previous winning position to protect the next one. And here comes the chance of EUR, the price is going to test 1.12, the heaviest volume area walked...
People trend to short the market every time when it goes, they think, too high. For trend following, the strategy is not going to guess the top but just find the effective defensive point and take action. Sometime, the bull market can be really crazy and do you feel the madness, insanity emotion moves around the market yet? No, not at all. The market sentiment is...
The down trend is still the main trend on AUDUSD daily time frame. I washed out by that pin bar trying to avoid full 1R loss with the aggressive rise. But eventually it breaks down and the testing area 0.724 now acting as resistant. And after the bounce up, AUDUSD failed to go higher so we have the chance to start load our short position. It will be a more...
1.307 area is now resistant extended even from daily chart. Entry and Stop are set based on volume profile. The first attack point is the black arrow line, any raise on position will be added only when the price below that area.
OIL gives a upward signal when it fails break down. Two more positions are added once there is any new effective defensive zone. The idea behind my trades is not chasing win rate, i will just go in any trades showing possibility. Cut loss real quick and seek to enlarge the position when it went right. Now I am thinking if i should get in more when it breaks 73...
EURUSD gives the upward signal. Since it breaks out the green arrow level where the sell action started. After the upward signal, it makes a 3 bottom support giving more confidence to buy. With more and more higher low, EUR is getting closer to recent high. Then enter buy position after the pull back. As the overall picture is a down trend, the take profit placed...
With the big picture simply shows a down trend on Daily, we find execution on H4. The first testing short position goes in when the price get out of the horizon walk of 0.726, looking for adding position when it does break down the 0.724 area.