You can clearly see where to close shorts and open longs by using the 9 and 20 day EMA cross using 50 range bars on e-minis futures
Wide Aussie - JGB yield spreads in the 2000’s leading up to ‘08 crisis made Aussie dollar / JP yen the go-to levered carry trade used to fuel the US housing CDO bubble (with subsequent bubble burst → mass unwind which strengthened jpy to 70 vs USD). Post crisis era saw the AUDJPY carry trade out back on. 2016- BOJ implements YCC, pinning 10y JGB yields at ~0%,...
Technically, the S&P500 (and its corresponding /ES futures) are bearishly divergent iin the MACD in fractal time frames of 1h, 4h, and evenn Daily charts. Shown here is the 4h chart of /ES and it gapped down in Asian opening hours after a lond weekend holiday. This appears to be a Gap and Run scenario, at least at this point of time. This move appears to have been...
I believe we are taking out the ATH, we might have to fill it the marked area below but i think we will go higher from where we are now.
I hate to say it because I think that the economy is fundamentally strong, but my price action based trading would have us rejecting around 2960 and then moving down. In terms of shorter term, I'm thinking we reject at 2960 and then test 2730-2750. For a swing trade, I'm thinking we end up touching 2520. THIS IDEA WILL BE INVALIDATED IF WE ARE ABLE TO CREST...
Hey guys, Morning ideas weren't downloading properly yesterday so I apologize for not having a video for the morning yesterday. In class, we talked about it being a toss up on the open and it was best to take a wait and see approach, with an eye on 3010 as the breakout area. Well, we ran right to that area on the open and sat there. Glorious opportunity and...
Was wrong about the bounce on Friday... Well not completely wrong, but I didn't capitalize on the uptrend early in the day. Capped off a poor trading week for me as I was trying to will the market higher. New week, and expect it to be noisy. 2993-2960 seems to be the area of interest this week. I think the line in the sand for the bears is the high from...
Hey traders, I got shaken out of my long briefly yesterday, only to re-enter (at a worse price). The position is in the green and will continue to add to it because I want to get paid if the hypothesis is correct. Volume is good overnight and a ledge at the top, indicating we are not done going higher yet. Look forward to seeing you guys in class at 930.
Hey Traders, Markets fell a bit in the afternoon yesterday and provided a nice long entry back towards the previous prices. The market has rolled over from there. Looking for a flush out of the weak buyers before getting long again!
Sounding like a broken record but we continue to accept value higher. That means I will continue to be long and continue to follow the value. 2992 is the line in the sand below where I think we pull back into the next distribution below, as shown on the video.
Some great clarity from only looking at one chart. Some key areas above at 50 and below at 20. Stay out of the noise.
Status quo for this market, continue to move higher and then balance. This is telling us that we are unlikely finished moving higher just yet. I would'nt expect to see a reversal on this low volume from the overnight session.
Following from my last, I mentioned that the full half way back would be an area of interest for shorts if lower time-frames confirmed. I am still not in any swing positions because no confirmation was given. In fact, the full half way back 61.8% has failed suggesting from my way of framing the markets that price is due to head higher. This recent move up in a V...
A very interesting week last week for the ES! (E-Mini S&P 500) What with the tweets, corporate earnings and the continued trade war! Uncertainty still prevails. This should be another interesting week. A lot of opportunity and I am expecting a considerable amount of volatility. There is much in the way of scheduled news events. Sunday open could be either be a...
Today I believe it’s going to be a balanced profile day as market awaits Sino-US trade talks outcome. Overnight price traded within yesterday’s value area. I believe price will come down to test yesterday’s lows before going up to test overnight VPOC or try to take out overnight high before falling back within the range -baring any unexpected news of course.
Yesterday’s price action was a bit unexpected due to earnings outcome. However, while price went up, it was not very convincing, due to the pace and low volume. Divergence remains. Overnight session remained within the value area low of the previous session. Towards market open, price pierced yesterday’s POC and pulled back to the bottom of value area high. Based...
Everything coiling up nicely for a downshot