GrayTrader01

GrayTrader01

The S&P 500 is my favorite market to trade however my strategy struggles when price enters All Time Highs by design. I tend to try and hold positions into ATH's and beyond but this recent uptrend has proven too aggressive for my entries (See attached ideas). Last weeks close is a very subtle clue about institutional intention to buy this market. My intuition says...

GrayTrader01

Bitcoin is the cleanest uptrend of my watchlist right now. I'm looking to buy any weakness to $65,000. Daily RSI Crossover indicates we could be at the start of another bullish "cycle" providing a good risk reward opportunity. I'm preparing to execute aggressively if conditions require. Daily closes below $65,000 or sustained movement below $63,000 would...

GrayTrader01 Updated 

Daily chart is bullish and showing room to run. Looking to buy a pullback. Stop is comfortable and protected.

GrayTrader01 Updated 

Last week ES reversed the downtrend and immediately looks bullish. I'm confident buying lows with defined stops. Watch for these 2 potential ideas in the week ahead. Thanks

GrayTrader01 Updated 

Last weeks levels provided to be partly actionable and price has immediately responded (See attached post). Comfortable holding this 50% long position with stop/target untouched. Will be looking for opportunities to buy the other 50% and increase risk as I'm confident in the bullish sentiment after last weeks Feds statement. I hold an underlying belief that the...

GrayTrader01 Updated 

The S&P 500 is officially bearish as of Fridays close according to my intuition and strategy. I will be watching closely this week - targeting shorts around 5240. I expect to see a test the 5060-5000 level. A daily close above 5240 would be bullish and invalidates this idea. In the mid-term, I'm targeting key levels of interest to buy once this dip finds legs.

GrayTrader01 Updated 

Start of the first full week of 2024 and price immediately let us know that perception is favorable of future conditions. I'm aggressively looking for longs to hold into the highs on a pullback. Entry may vary slightly but listed stop/targets are final and I do not move stops. Time horizon 1 week. Will try my best to drop a comment/notification when I enter so...

GrayTrader01 Updated 

Tracking bullish setup on BTC. Hard stop, target 55,000. Estimated time horizon 5 days.

GrayTrader01

Hello Traders, Please allow me to start the New Year by thanking you for following and liking my trading ideas. I'm an active swing trader of micro /ES only with a purely technical, institutional price action perspective strategy. We start 2024 on our toes after crushing the December long. I've outlined some directional thoughts of the week ahead, although any...

GrayTrader01 Updated 

Monthly and daily chart are up trending. All time highs are common in the high-spending holiday seasons and the market is structurally ready to test higher prices. Personal intuition and similarities between previous and current price structure gives me additional confidence to BTFD. I'm interested in holding longs into the New Year. Closes below 4450 would...

GrayTrader01 Updated 

Traders, The S&P500 has been 9 days without testing support and saw All Time-Highs. Today, the daily chart has presented a high probability of resuming the trend after a sharp correction. I already have an existing long that has done well but I'm adding into the position for this setup for icing on the cake. New: Long S&P 500 SPY target 4848.00 Stop 4695

GrayTrader01 Updated 

/ES is looking increasingly bearish. Lower highs and lower lows are evolving on the daily with 4200 area looking likely if further weakness materializes. Today showed strength into a strong downtrend. All indicators are a-go for hunting shorts. I like the 4380 level for a swing trade, especially on a fast snap up on the US open. Will comment below if order...

GrayTrader01

Traders, My trading activities have been muted for November as I watch for more signs of clarity. We cannot forget that fundamentals create broader market direction while technical analysis is useful for the ebb and flows within the broader fundamental context. Thursday and Friday last week gave us a clue that higher prices are accepted. The 4,000 level has...

GrayTrader01 Updated 

Fellow traders, If the full moon tonight excites the animal within - I propose taking a look at the S&P500 daily chart... (although this is a 2hr chart for detail ;) Full bullish structure, a balance day after Friday's strong push. MA's are strong and previous price structure resembles a possible strong move to 4000 This entry isn't prime quality - I would like...

GrayTrader01

Last week ES price action indicated acceptance of these higher prices and appears to be ready to move higher. Friday's move was quite a shock. Long side trades existed at 3860 but they didn't 100% fit my strict strategy as I cautiously build my small account. I expect buying to continue into next week and I'm interested in buying any weakness. Green area is very...

GrayTrader01 Updated 

Fellow traders, ES is in a tricky place. Many traders are getting excited about longs this week and I can't blame them. However, my strategy is painting a different picture. Last Tuesday and Wednesday we saw 3580 holding LIKE A BRICK WALL. It is very clear institutional entities had an interest in defending the level. 3600 - 3580 was a battle zone that I don't...

GrayTrader01

Last week ES gave us a welcomed sign that a local temporary bottom is in place as we are accepting higher prices. The week before last, price balanced in the mean (Red level) and we stayed skeptical and patient waiting for the appropriate signs to get long. Last Monday was the signal, as the day's price action completely engulfed the back-and-forth balancing of...

GrayTrader01 Updated 

With the downtrend intact, I’m not taking any long trades this week. Shorts only. I’ve marked some trades of interest in terms of level and price, not accurate on the time scale obviously. Price is still in the wedge and I’m mostly interested in shorting from the high side. Last Thursday we got a short entry at the US open that hit our price target (see the...