OANDA:NAS100USD
So this week my bias has been towards the sell setup as that has been the current trend since the highest point of the week on Monday @ 1:00pm.
The rationale behind this bias is that since the market is making HL/HH and all timeframes behind the daily were at their HH's then it is only fair to conclude that in order for the day to compete it's...
OANDA:NAS100USD
After yesterday's first major move of the week of over 3,500 pips, the market completed it's retracement cycle overnight by creating the M15 LH/LL which yielded another 800 pips.
Currently the next entry point will be a high on the M15 (LH on the H1) and the next exit will be the next LL on the hour timeframe.
This week the market is stingy...
Today was the best day since the start of the week in terms of PIP haul.
A total of 1200 pips went to my profit on the conservative side and the move continued in the sell for another 1800...
Despite coming out early, I am more confident that the market will continue to trend down until the HL is made on the daily timeframe.
As of now, I am just awaiting the...
OANDA:NAS100USD
Now that the M15 completed it's segmented Oversold LOW (H1 HL) it is now just waiting for another opportunity to take a sell towards the ultimate destination which is the daily HL.
A quick glance at the daily and weekly timeframes will show you that the market is intent on getting a bearish momentum going but for the past two days has only...
OANDA:NAS100USD
NAS100 is moving a little sluggish the past few days which is not uncommon when you have a reversal situation like we currently have.
The M15 provided a good exit TP point at 14481.8 before doing a slight retracement back to the upside on the M15 to create a new high today.
While I did not take that entry, I noticed that it went down to...
I will be taking partial profits since the M15 is on it's way to making a segmented low, which will translate at some point to a HL on the H1.
Once I do that then I will wait for another M15 high (LH) to reenter the sell.
It' is still early, however the M15 low will be my first TP. OANDA:NAS100USD
