placed trade once price went below lowest line for dba's. My alert was set and I was happy with the execution of today’s market structure.
scaling down to 5 Min TF, price action gave mea clearer indication that price was indeed dropping.
The market as usual doingwhat it wants to do!
Wow that was a ride wasn't it ? Took some early NY open Losses. Projected that price was indeed going to fall. I jumped in the water early and sadly drowned.
Keeping my alerts going, once price broke my respective levels (PURRPLE Arrows). My hypothesis based was still valid, changing nothing but entry points.
I...
Price opened bullish, changing my projection from long to short.
Using directional bias arrows once I had a confirmed close above 1718.20 I entered 3 long positions exiting at 1720.00
1:9 RR
Happy Sunday Traders
1HR TF: Price is respecting an ascending trendline = Possible breakout to the downside = Shorting Gold
15MIN TF: Price seems to be in a rising wedge formation = possible break to the downside
5MIN TF: Double top formation, with price retracting area.
With these confluences showing a possible bearish move I would hypothesize that price will break the area and...
Tuesday was choppy but after 10:10am price started falling as projected.
Price formed an ascending channel on the 5 Min TF, PRICE faked out and then dropped.
Anticipating a drop I entered once price rejected going above the horizontal arrows!
Happy Tuesday Traders!
Sunday projection was wrong but being confident to change me bias quickly awarded some great outcomes.
I love keeping it simple and trading with an edge.
XU SUNDAY AND MONDAY BANGERS!
Sunday GU fell like no ones business and kept falling.
We were retesting some previous monthly lows so the drop was expected.
Placed some trades on 8/28 entering after a break of rejection (1.17330)
exiting at a period of consolidation or correction (1.16760)
Priced corrected during London session, having my analysis from Sunday gave me an edge for NeW yOrK...
I have to say Sunday's still surprise me. Got to love having an edge over the market!
Practice doesn't make perfect, it makes improvement.
Happy Trading Week Traders!
Entry: 1773.70 SL 1774.57
Price failed to to close above previous highs looking left at 1774.25
Price was in an upward channel indicative of a possible bearish break out and break of structure. The directional bias zones were my confluence of taking a short position on XAUUUSD
RR 14:1
DO you have your edge over the market?
Nas was setting up for a great trading opportunity on both sides which is very rare to say the least. There were many confluences to have assisted with indication of buying and selling pressure for the day.
Confluence #1: Triple Top pattern, Price closing below 13361.00 on lower TF, Price closing below the directional bias arrow of 13651.00
Short 7:1
Short...
This analysis was made to trade to Sunday 6:30 open holding over night to NY open. Going into Sunday, price broke the upward channel in the expected direction. Being that price closed the previous low at 1.20445, and confluence or indication that bulls have taken over the current market. A close above 1.20545 was enough confirmation as well as a very beautiful...
OVERALL Bearish projection for NFP.........2 CONSECUTIVE NEGATIVE GDPs = RECESSSION !!!!!
Directional arrows lead me to prepare for a bearish rally this morning. We had another Supply zone, waiting to activated and rejected. Once price rejected supply area and closed below 12140, Sell opportunities.
TP1: 21240
TP2: 120790
TP3: 120230
RR: 20-40:1 (depending on...
Gold created Supply waiting for price to enter that area and close with a rejection. Affirming that price would be dropping. I had another confluence: if price closes below 1789.675 shorting gold would be a worthwhile opportunity.
Price was forming and in an ascending channel; another confluence that price would be breaking in the near future.
TP1:...
Visto la direzionalità verso cui ha teso il mercato stanotte con la comparsa prepotente dei buyers credo sia l' occasione per andare a chiudere quel gap creatosi a inizio settimana.
