trutrader_

trutrader_

Given the extreme bearish momentum from last week, as well as the final London push down we observed early 11/3. I was curious to see if price would hit support levels that may cause some form of retracement. We witnessed market open and immediately push down, I took that as a sign of rejection so I managed to place my orders accordingly. As time went on, in the...

trutrader_

I'll come back this afternoon and breakdown what occurred this morning. For now, Happy Friday!

trutrader_

This is not so much a prediction of where I believe price will reach next, but rather a reflection of a position I took from this morning's NY session. I would like to note that at the beginning of this session, I was looking for potential shorts. I ended up taking my first position on the 5 min at approx. 7am and was up about 30 pips. Targets and exits are...

trutrader_

Given the massive bullish impulse that happened on Friday, I'm curious as to see if we can comeback and mitigate any imbalances that may have been left behind. Now, we do have to note that this is a riskier and less probable set up. And that is simply because as we zoom out and take a look at the higher time frame, price action is demonstrating major bullish...

trutrader_ Updated 

I took shorts this morning and ill explain why... Fundamentally the us index was looking positive. I noticed on the higher time frame that XAU has been at a steady bullish run since last Friday. Using wyckoff schematic on the 4hr, taking time and price into consideration, I made the ultimate decision to take my chances on the short for a 1:3 and 1.5% ROI

trutrader_

Price has printed bullish for the last few months, we can clearly indicate higher highs, and higher lows on the daily; Therefore, I would be looking for long positions. In my point of view, when we break it down to the 4HR I see price has stalled between 0.89500 to 0.91500. This will begin to accumulate orders and soon give us a wave of expansion to capture any...

trutrader_ Updated 

GBPAUD has been showing plenty of bullish momentum going into 2020; knowing the direction of the market can create a valid bias of where price may move next. As I construct a multi-timeframe analysis, I incorporate the Wyckoff Logic philosophy. Looking at G/A on the hour timeframe, there was a clear break of structure over the NY/London overlap (PST), going from...