When the dollar is running, most other assets are dropping. This has been my experience in the markets and is why the DXY is on my watchlist and is ALWAYS one of the first charts that I check before jumping into the markets. When the DXY is high, that means that people are demanding dollars, and when it's dropping, those dollars are flowing into other assets....
in wedge pattern if break of high we can entry to position for reward 5
happy first of the month!! hope we all have profitable months :) so here it goes... - on the daily market closed below the downward trendline yesterday - down to the H4 a bearish engulfing formed closing two previous bullish candles - a head and shoulder pattern formed which is more clearer on the H1 - entry could have been taken at the london open where the...
so here's what i see... - market has been forming HH and HL on higher timeframes - market is currently showing signs of breaking through the previous HH - so i'll wait for market to retest that level of the previous high which will be the new HL if it does not i do not take the trade - but as with other trades there is no 100% guarantee with my predictions
Hello traders. I see a poin of interest here. Fundamentally speaking, Bank of Japan has initiated the intervention in order to mitigate the Yen 's depreciation. Technically speaking we are inside weekly supply zone which is not checked as support up to today. I see an M pattern forming in daily time frame. I see two potential entries. One immediate entry and...
I have to say Sunday's still surprise me. Got to love having an edge over the market! Practice doesn't make perfect, it makes improvement. Happy Trading Week Traders!
here we go! the reasons behind my bearish bias are as follows: 1. on monday we tested a key market level which is our current resistance level and closed bearish with bearish momentum as seen by the wick on top of the candlestick 2. market came and tested the downward trendline and closed below the trendline 3. on lower timeframes a head and shoulder pattern...
hope you lot are blessed and are having a great day where ever you are! so my current take on nas100 is as follows : 1. about two weeks back we broke through the neckline of the daily double bottom and we have been in a range for the whole of last week as seen by the rectangle 2. at yesterdays new york open the market showed signs of being strongly bearish...
PRO TRADER : Do you see the HISTORICAL EDGE? NEWBIE : silence ... PRO TRADER : Ok, we got a 10day low yesterday. Today the SPY gaps up and closes positive on the day. This close is above the 200MA. ⬇️ ⬇️ ⬇️ RESULT ⬇️ ⬇️ ⬇️ 🔱 This setup has occurred 40 times since 2007! 💎 🔱 The 1 day move from here has had 77.5% chance of being bullish 🟢 ( aka higher for the...
PRO TRADER: Do you see the HISTORICAL EDGE? PRO TRADER: Yesterday was the last trading day of the month. We closed above the 200D Moving Average. NEWBIE:... silence .... PRO TRADER: We also closed for a second day down and we closed in the lower range of the intraday. NEWBIE: And?! PRO TRADER: This has a significant edge for market. We backtested it since...
💁♂️ TRADER: Did you take the signal, Newbie? 👶 NEWBIE: No, what happened? 💁♂️ TRADER: We anticipated a move to the upside ⬆️ on the 15FEB since we had a rare historical setup on the 14FEB. 👶 NEWBIE: And...? 💁♂️ TRADER: SPX posted a move to the upside with 1.5%🟢 AND given this an estimate for the general market, the move to the upside dragged many names up...
Hey guys! Todays Historical edge comes from an interesting pattern. 📈 The Pattern: SPX closes down over 2% and above 5day low, but yesterday it closed at 5day high. We backtested and saw strong edge. ⬇️ ⬇️ RESULT ⬇️ ⬇️ 📍 Edge: 🔴 Bearish 🔄 Occurrence since 1990: 25x (frequent) 🏔 Highest edge: 4days later 🎲 Probability of bullish move: 28% - aka this...
Keep it simple ... Always. Risk : Reward 1 : 20 _______________________________ Moving Stoploss to break even if price gets to 1.8900 Manually closing order if price closes above 1.9015 (on the 4H timeframe) Past Experience DOES NOT Determine Future Outcomes. Past Experience DOES NOT Guarantee Future Outcomes. Trade Safe 🥂✅
Today was interesting day since a few things have triggered: ✅. Yesterday we gapped up ✅. Today we closed at a 10d low ✅. Today we closed under 200MA ✅. Today we closed at 25% of the Daily Close Range (shame) 🦄. Some additional technical magic filters We tested the times this has happened...since 1993📆 ! We saw a relatively bullish move. The 2DAY move on the spy...
👋 HOLA team! A very rare system has triggered in our studies. This is a 7️⃣ day higher close for the VIX. We backtested the system since the initiation of the SPY (Only 11x, super rare 💎 ). What we see is that....(drum roll 🥁) the 3 days move has yielded 100% bullish move. This is quite a tell. Average bullish move has been 1.7% for 3 days. 🟢 However, given...
All through 2021, we've seen price rise steadily on USDJPY. Right now, price is approaching a monthly resistance, from which a huge reaction could occur that could take price to 102.00 There's also a shark harmonic pattern in formation. When the time is "right", we'll be looking to capitalize on this move with a 30 pip stoploss (max.) Trade safe🥂 Keep it simple ✅
SEDG made a major break through the key 370 level we were watching on my Stocktwits page. TAN (Solar ETF) broke above 100 today as well and looks very strong against alternative energy plays. In fact if you look at $XLE vs $TAN you'll see that energy potentially has a long way to fall vs solar companies who are leading the pack today. Could be good to hold longer...
1D XBTUSD chart looking heavy - Edge-to-edge play possibility if this daily candle closes inside the cloud - Tenkan crossing below Kijun (bearish) - Swing failure of range high on the 1D with continuation. Bottom of range isn't showing much support right now