In this picture I have shown how you will find and the place of liquidity from internal to external where you have to look for the reversal after the hunt remember birds may not HIT every time and fall it means market can CONTINEW also without reversal
Wowza, what a week we just had! Sunday night the Yen carry trade started to unwind in a magnificent fashion. We came in on Monday morning with the NDX down 1k handles, and the VIX at 60. Most of this has corrected itself as NQ actually closed the week +60 handles - but there is something more sinister at play I fear. This week is going to be a HUGE DEAL for...
What a great fresh week of selling we just had! Last week I was looking for a slight bounce in NQ before running to our 18.5k target area - but they wanted to run is down there faster. We have been writing about this 18.5k area for MONTHS - I'm just glad we finally got the entry we wanted. To be clear - I think the next move higher in markets will cement...
EURUSD Daily Outlook 1) Took out Buyside at 1.098191, expecting a retracement to the Daily FVG (ERL TO IRL) 2) I will be looking at Buys from the Daily FVG at 1.08893 to continue with price to the upside (IRL TO ERL) 3) Short Term Target will be Yesterday's high at 1.10092 Let's goooo!!!
Please check out my previous outlook!!! Price played as we expected last week. We have a beautiful rejection from the weekly FVG in discount. We are now targeting the Buyside liquidity with first targets at 1.09481, followed by 1.09822 IRL TO ERL. We are always keeping it simple gents! Let's get the bread.
The past 2 weeks of selling in the NDX has been exactly what I wanted to see on the weekly charts. We have been talking about a Tech sell off for a while- into a bottom ~ 18.5k where we can position for the BIG & FINAL Long entry - and we almost got it this week. The Nasdaq sold off this week finally filling the quarterly FVG that we have been looking for. ...
Last week we saw EURUSD closing at 1.08566 respecting the consequent encroachment of the Weekly FVG sitting in Premium, however we are not interested in that FVG as it is in premium. I am expecting price to continue dropping to the weekly FVG in discount at 1.08028. With all that being said, my bias is bearish this week. Let's goooo!!! Plan your trades and...
The past 2 weeks were what a lot of perma-bulls were citing as "market rotation" - when I honestly think it was nothing more than a short squeeze in small caps and on the Dow. This weeks post will be a lengthy one as I will cover many different asset classes - as it looks as though the market is setting up for a broad sell of. The Nasdaq came perfectly down...
The weekly timeframe has a beautiful bullish break-out, meaning that we are overall Bullish. We have two weekly bullish FVGs - One in Premium at 1.08709 (We would not want to Buy on the basis of this FVG since it is in Premium) However we could have a LTF reaction. - Another beautiful FVG in discount at 1.08032 ( This is where we will be looking for timeframe...
Last week, we were reminded what selling looks like on indexes. The Nasdaq and Bitcoin tend to lead the technical moves, and I believe we are headed for a 10% correction here soon on NDX. NDX led the market by making its top earlier than the rest - but everything is poised for a nice drop from here. My contention is that this will be the final wash-out on...
EURUSD PA looks very clean. Looking at the Daily Chart, We took out the External Range Liquidity at 1.09162 and now our job is to look for Intra-Day shorts to target at least the Daily Internal Range Liquidity at 1.08614 Price Always does two things - Taking out Liquidity or Balancing price inefficiencies In this case, we took out the Liquidity and now we are...
A new batch of fresh record highs to start Q3! Last week, we were looking for longs and we got them to TP at ATH for a solid 500 handle move in NQ. From HERE - it gets a lot trickier, but lets start to walk through what we are looking for. Nasdaq To ME - the governing HTF Draw on Liquidity (DOL) is still the fresh FVG that was created on the quarterly chart....
Early sellers need to watch out for the 4 Hour timeframe - We could easily have a rejection from the 4H FVG - IRL To ERL Keep it simple!!!
Daily Outlook - We were successful with our Buys to the Daily Key-zone - Price has reached our level, however early sellers might get liquidated - Looking at the 4 Hour timeframe to move from Internal Range Liquidity to External Range Liquidity before dropping.
Week of June 24 NQ/10Y/CL/GC I'm back! After a much needed vacation and a break from the charts at ATH - I am BACK on TradingView with a fresh weekly forecast. This week will mark the start of Q3 - which is really important as we need to check back to reference the quarterly charts to see if there is any unfinished business we left behind. I am expecting Q3 to...
This pair is moving toward the LRLR (Low Resistance Liquidity Run). I mentioned this move in my Weekly Forex Forecast, and price is now reaching for the old highs. I am mindful that tomorrow's economic news, Core PCE, will likely turn the market volatile, and potentially turn the bias. We'll see. Best to wait until after the news announcement for new entries.
Expecting a pullback to the +FVG, then a rally back to the highs. From External Liquidity to Internal Liquidity. Am I right or am I right? Let me know in the comments.
New record highs on indexes!! The DJI broker 40k, and CME_MINI:NQ1! itself broke to nATH as well. CBOT_MINI:YM1! never actually made a nATH, but cash DJ:DJI did - so I wan waiting for that to resolve itself. The good news is that CME_MINI:NQ1! has a really clean weekly chart here, so I will be focusing on that this week instead of the Dow. I think we...