Liquidity Pools Of Importance: Consequent Encroachment: 1.28334 Macro Buystops: 1.31424 Discount: 1.23035
GOLD LONG- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up. Took profit while recording the explanation The Winning Playbook 1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4, H8 or Daily timeframe 2nd Confirmation:...
Part 3 of the trade taken on May 30th 2024. Exited the market after not liking the price action that the market was showing. Took a small loss of 4 pips for a total percentage of -0.25% of the account.
Part 2 of the EURUSD trade taken on May 30th 2024 at 7:45am. Our Stop Loss was reduced from 1% risk to 0.5% risk. Protected our capital
EURUSD LONG- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up The Winning Playbook 1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4, H8 or Daily timeframe 2nd Confirmation: Retest at a zone of Supply and Demand. The...
Part 3 of the AUDUSD short trade taken on May 29th 2024 at 7:50am. Total $800 in profits. The account is almost up by 1% this week.
Part 2 of the AUDUSD short trade taken on May 29th 2024 at 7:50am. Cut even trade. Protected our capital
AUDUSD Short- decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up The Winning Playbook 1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4, H8 or Daily timeframe 2nd Confirmation: Retest at a zone of Supply and Demand. The...
Previous analysis on 20th March 2024 (linked) would have worked but with more downside than expected (~50 points). Currently, we have a potential ultimate peak in S&P500 on 23rd May 2024. Take note that this idea will be invalidated with a new high and that could mean much higher prices for S&P. However, as traders, we are concerned with risk-reward and not...
Note that this is the 3rd time that I have suggested to short NVDA. The first time we were fortunate as price gapped up and thus the trade wasn't taken. The 2nd time was stopped out yesterday. And this is the 3rd time that I am calling for NVDA short. The risk-reward ratio is good. Keep it tight.
Part 3 of the AUDUSD trade taken on May 27th 2024 at 8:00am. Cut even trade. Protected our capital
Part 2 of the AUDUSD trade taken on May 27th 2024 at 8:00am
AUDUSD Long - decided upon four confirmations. These are the four confirmation that are required in order for us to enter the market in this set up The Winning Playbook 1st Confirmation: Retest at one of the designated fib levels. The fib levels need to be measured from the H4, H8 or Daily timeframe 2nd Confirmation: Retest at a zone of Supply and Demand. The...
Momentum preceeds prices! The USDCAD has had a trend reset (Secondary Trend), which is key to the Up-trend continuation. The structural point for trend reversal is 1.3656, we want to see a second breakdown below the structure without breaking below 1.3624. A trade back above 1.3656 will be the first buy, confirmation will be a trade above 1.3671. In terms of...
1. Wave 2 completed. 2. In the midst of wave 3 at the minute degree, minor, and intermediate degree.
1. USDJPY going for 5th wave up in the short term. 2. Long term is extremely concerning as there are no resistance above 161. Might move above 200.
A look at a potential short opportunity on Gold using double tops, divergence, the relative strength index (RSI) & Fibonacci levels, Also a conversation about how fundamentals have impacted price & understanding how the markets participants react in the market. If you have any questions, comments or just want to share your ideas, please leave them in the comment...
As of my last post after reaching 0.00001500 range yesterday I expect the price to go back to the 0.00001250 range later today, with major exterior factors/news covered and Ethereum ETF approved but trading only starting mid June I can see a short term correction on the way. This is not financial advise just my own analysis