ETH - FEG - SHIB - Balance Books & PositioningToday is a reiteration of positioning. Balance points in the structure of the market. With ETH being the focus of todays video.
Typically, I try to stay with charting only, but I did find a token that I thought was worth mentioning. Fundamental Analysis on this USE case is VERY cool.
In this one I do talk about my choice of meme token as my "experimental money" being the SHIB token....
So take this mornings episode with a bit of salt. I like shib and feg for the experiments. ETH BTC still have my heart lol
I have submitted for the BETA Streamer live on trading view and have submitted a ticket for pushing it through faster (i have been waiting weeks for approval)
In the mean time, I have begun setting up a youtube channel so that I can start hosting live streams for technical analysis related information.
My goal is within the next 7 days have links setup to follow for that.
I would expect a push down. But overall sentiment feels bullish on the chart. Positioning is still key so wait for those entries. if its green. no buy.
Not financial advice.
BUT
Keep Stacking It!
Peace!
Institutional
SHORT GoldI'm going short again on GOLD, make sure to wait for a good candle closure with volume to open a position
This is not a financial advise, but outlook to help you with your own analysis
Catalyst :
- Price action
- GDP
- US Unemployment
- PCE
- PMI
- DXY falling wedge
-Institutional data Analysis
-Technical analysis
-Fundamental analysis
- Smart pattern analyses
- Order stream
- Smart money
3/20 Again outside of my desired early ny session time but I guess its still NY and I woke up late. Initially I had a buy limit place and I woke up seeing it getting approached and I got scared and deleted it. After leaving the charts and wondering why I hesitated I found that I was scared to be wrong. That is bad. I got my thinking right and remembered I do not have to know whats going to happen next to make money ! My entry was approached again and I executed flawlessly because honestly this RRR go crazy at 1:7. Worth the 0.5% risk. Definitely more of a swing fasho but im willing to hold as maybe I catch the low of the week. In a huge huge huge weekly IC candle. Only worry would be small SL but o well I kind of do that a lot. Another worry being the time of day as it is 4pm est. YOLO
Will the institution bear GBPNZD ?The Institutions have entered the trade at 1.91790 , 1.94230 and 1.95470. After a successful bullish swing trade they will start planning to exit the trade at a good price around 1.97650.
Now the institutions will re-enter as a bearish trade . Bearish movement confirmed at 1.96730 after it broke the bullish trendline.
I have entered the trade at 1.96881 as a swing trade and will exit around 1.91790 and I will add more short positions along the way after a bullish correction.
Fundamentals :
NZD :
- bullish data ( retail sales ex autos rose to 6.8 % from 4.8 % / retail sales rose to 2.5 % from - 2.7 % ).
- Important release date will be held this Wednesday '' RBNZ Interest Rate Decision '' , If the RBNZ is hawkish about the inflationary outlook of the economy and rises the
interest rates it is positive / bullish, for the NZD.
GBP :
- No data this week.
Technical :
- Start of bearish movement at 76.8 % Fibo at 1.96955 .
- Fibo 61.8 % exit trade at 1.92108.
- Important support levels 1.96165 , 1.95290 and 1.94220
2/20 Sample2nd trade. Outside of my normal ny trading time again but opportunity presented itself. definitely couldve waited until the hourly candle close to see the candlestick but im finna go to sleep. got a better entry than desired. Small 10 pip sl but risk is still 0.5%. Execution was good so just going to hold. Targeting money up high. Bought below daily open hoping I caught the low of the day.
going long on GU,in lower time frame, htf bias, long termsnipes.i'm still working on the "snipe part" the ideal is that the lower you get into the directional range for the day the less likely tocome back to stop me out.
I use institutional orderflow to frame all my ideas, I've been trading for a bit over a year now and im getting more and more cofident.