The dollar is the global indicator for all stocks, commodities, bonds, currencies and economies. It's very important.
The dollar is bouncing at the trend-line and maintaining it's upward trajectory.
Our thought matrix is an IF-THEN scenario. This is the way of a sagacious discretionary trader because the market operates in an environment of uncertainty, anything can happen!
FUN
There's always something new on the charts and we are looking for patterns that show us recurrent human behavior in the markets. A trend is a pattern.
If it breaks, then we go short,
If it goes up, then we go long.
If it reaches the top of the upper trend line then we go short.
Remember, we are not only trading price action, we are trading the tape!
We always have to look at the bigger picture to get a clearer idea of what's happening on a chart at any given time. Support and resistance is the basis of price action. Trends are a derivative of support and resistance. You have to be aware of a few things in order to make a lot of profit. There're only 3 shapes (Square, Circle and Triangle) and only 3 dimensions (Vertical, Horizontal and Diagonal). These are important in determining the levels and areas of taking trades because they always find harmonic balance at this golden mean.
A break upward of the 98 area will be very telling!
The movement will be sustained until the trend changes. the break of the pattern will correspond with a trade confirmed in the dominant direction for medium-long-term trades in any international (local) market.
A crown rests on top of a head, which rests on top of a head, which rests on top of shoulders. Price moves in fractions of the same fraction.
The Golden areas are marking a zone of previous (fresh) Supply. Supply and Demand is not the same as Support and Resistance. We will monitor price at such a level and determine the appropriate action according to price action and the tape.
All the best!
***For more information click the link!***
drive.google.com/open?id=1zkulMZ...
The dollar is bouncing at the trend-line and maintaining it's upward trajectory.
Our thought matrix is an IF-THEN scenario. This is the way of a sagacious discretionary trader because the market operates in an environment of uncertainty, anything can happen!
FUN
There's always something new on the charts and we are looking for patterns that show us recurrent human behavior in the markets. A trend is a pattern.
If it breaks, then we go short,
If it goes up, then we go long.
If it reaches the top of the upper trend line then we go short.
Remember, we are not only trading price action, we are trading the tape!
We always have to look at the bigger picture to get a clearer idea of what's happening on a chart at any given time. Support and resistance is the basis of price action. Trends are a derivative of support and resistance. You have to be aware of a few things in order to make a lot of profit. There're only 3 shapes (Square, Circle and Triangle) and only 3 dimensions (Vertical, Horizontal and Diagonal). These are important in determining the levels and areas of taking trades because they always find harmonic balance at this golden mean.
A break upward of the 98 area will be very telling!
The movement will be sustained until the trend changes. the break of the pattern will correspond with a trade confirmed in the dominant direction for medium-long-term trades in any international (local) market.
A crown rests on top of a head, which rests on top of a head, which rests on top of shoulders. Price moves in fractions of the same fraction.
The Golden areas are marking a zone of previous (fresh) Supply. Supply and Demand is not the same as Support and Resistance. We will monitor price at such a level and determine the appropriate action according to price action and the tape.
All the best!
***For more information click the link!***
drive.google.com/open?id=1zkulMZ...