Gold is ready to do a correction of lower low structure. Last week it had tested at 1654 on its lowest point of the year. This week, there will be the FED interest rate decision which will likely push USD value to do higher high, this makes negative correlation to gold. While the USD is raising up, gold will be down accordingly. Referring to Technical and...
Price and range typically move in opposite directions (you will pay more for a less volatile asset). The bottom chart (Average True Range) looks like a mirror image of the top (Price). For a perfect example I'm appending the same chat but have scrolled back to the COVID drop. The ATR is in a larger downtrend that remains intact. ** It did not break out today....
Todays ATR continues to ignore (not confirm) a downward move in equities. Additionally, todays index/'VIX' move is best described as a sideways shift of the daily range.
You checked the daily pattern, today is a uptrend day. On 30m & 5m chart, you draw out support & resistance levels. Current price is at the middle. You already have a good pattern price that has recenty formed a possible swing low. You checked the ATR levels at 1.25. You set the ATRSL (ATR + $1 SL, then the ATRTP (1 ATR). (Here you forgot to put the 2nd level...
INTRO 15 year old trader in England comment your ideas want to know what u think Over the next 3 weeks I believe if you wait for volatility peaks or volatility consolidation trading sideways basically and then take a short or long position depending on economic data coming over this week this will create vol in the markets which will help the strategy create...
looks bullish for the next few days, the 200 ema is starting to turn upwards above the 500 ema. Most likely Gold will try to rise back up to the 1862-1866 area, if it breaks then it will continue to rise to the 1877 target. If for example it fails to rise then it is possible will go back down to 1836 if the immediate support at 1847 is broken. Open Trade Buy in...
In this video I discuss the importance of the 3rd standard deviation from the 50 SMA on the SPY, QQQ, and NDX. Details in video. TLDR: The SPY has found itself at extremes: The Stochastic, the ATR, and the 3rd standard deviation (lower Bollinger Band) on the weekly timeframe all show this. Pull up the weekly SPY, add the Bollinger Band - go to settings:...
We can see based on the yearly volatility , that the current expected movement is around 1.75 - 2% +- Our top is going to be 4250 Our bot is going to be 4075 From the technical analysis point, Volume was broken on the top side above 4150 and 4175 (yesterday and today POC volume) so thats a strong momentum indication for long opportunity. At the same time we...
TOP Side = 41000 - 41500 according to Implied Volatility and ATR BOT Side = 38000 - 38500 according to Implied Volatility and ATR Expected movement at 28April 00h between 3.5 - 4.5% movement during the day In terms of fundamentals that can affect BTC In terms of technical analysis, our product ONE TOOL TO RULE For 15 min gave a short entry around 39500. At...
Close candle of 27 April = 4180 Expected opening price for today = 4210(at least based on ES movement and volume) TOP Side = 4280 - 4300 according to Implied Volatility and ATR BOT Side = 4120 - 4100 according to Implied Volatility and ATR Expected movement at 28April 00h between 1.5 - 2.5% movement during the day In terms of fundamentals that can affect...
Based on the current market view, we have been in a sidemarket channel for the last week. We can see that the channel was made from 41.000 as a top and 39000 as a bottom. By using these values and taking a look at the same time on the ATR and implied volatility, we can with certain degree estimate the next movement of this asset. This is a 1:2 Risk/reward ratio...
I explain in this video how I view the relationship between ATR and RSI in true trend following situations. This is not about trend continuation or harmonics. This is on the India50 - a 2H time frame. But always one has to look higher to understand the risk and rebellions that may be ahead. Trading is not about investing. It is primarily about exploiting parts...
Watching EURJPY for a longer term play anticipating a break of the consolidation zone. Price has been on a run since March 7th so there is potential for a small retracement in price below 134.700 before further continuation higher. That 134.700 level + 1 ATR would be a my stop position on a positive break of the range here too. Downside move stop would be ATR...
What's happening here? 1 - There is a sharp ATR spike for the down side. 2 - Price has made a struggling rebellion (so far). At each sharp spike of the ATR price has travelled south. That doesn't mean price is bound to do the same again. However the latest spike down is even sharper than the previous two. What this means is that there is a 51% chance of...
In this video, I compare the movements of the DJI with the DAX. There are no predictions here. What I am saying, is to get ready. Price can move in any direction but there is a 4H ATR trendline indicating that the trend strength is for the south. As I cannot predict the future, this scenario is only relevant up to the time of posting. The markets can do as...
It's a killzone. It doesn't mean you're going to make tons of money. In fact you have a better chance of losing money. Unfortunately - I tend to talk more about losses, cuz it's the most important thing in trading to control. Sorry! Assess your ATR, on this time frame. Know your acceptable loss. Control the loss if shorting in the killzone. Prepare to lose!...
Zscaler is a cloud-based information security company. The company has more than 100 data centers with clients in 185 countries around the world. Most of the clients are located in the United States. Revenue of $673 million (2020). Capitalization of $51.2 billion. A deal for a false breakout of the extremum ($376). 1) The closing of the daily candle is far from...