as per yesterdays bias price held the 1900 price, took a shot at a short lost 1%, volume based bias is pointing to upside as 1925, and 1950 for potential targets first target would be 3:1 RR and second around 9:1. i play it like i see it, dont ever marry a position, dont ever try to be RIGHT, do what the market tells you or you will never end your day in the...
FLDM hourly chart.
Just wanted to publish my chart before it gets cleared, lol.
I think I see a rounding bottom on this sucker.
Also potential gap above.
Blue lines are what I think are res points.
I have short term and long term fibs showing, hopefully charted properly.
The candlesticks are Heikin Ashi.
The candle filler-colors are representative of...
-120EMA Support. High volume at $62 level.
- Early May 2020 shows double the volume from the previous highest volume day= Institutional accumulation. Average volume 2.8M. May 5th volume : 38.5M
- Distribution volume slowing down
- RSI reversal
- MACD golden cross
- Strong relative strength
- Integrated platform = Chegg study+ Chegg Writing+ Chegg Math...
as long as we stay below 1900-1910 i will remain net short on GOLD (XAUUSD) we are due for a retrace back into the 1700 price but with news coming up we will need to really rely on volume inflow, with that being said using a 100 pip stock for a 4:1 swing for me is good RR i will risk 2% on this and will scale in if i see fit, keep in mind even when news comes up...
The market is in an overall Downtrend.
Let's begin the Multiple Timeframe Analysis with the Weekly.
Before we start analysing this pair, here is an important lesson for everyone who's reading that:
You probably often heard or read in trading lessons, that you shouldn't draw many things into your charts.
But the truth is, that many of them...
The market is in a downtrend.
Let's begin the mtfa with the weekly Chart.
Here is it:
As you can see there is a descending parallel channel.
The price is also respecting two major Support and Resistance Level.
This was the most important things for the weekly.
Let's move on to the Daily...
buying US30 at current price, last nights play ripped right to our tp, my personal group all made good profits so now we see the market going up on high time frames so i am looking only for buys unless market sentiment and volume shows short sellers coming into the market heavy.
Hi guys, to be consistent trader and successful trader, first you want to have a mindset of a beginner, willing to learn back from the basics
The mindset of you dont know that thing and by that your curiosity pushes you to learn things to decode that scenario. Always remember that there will always room for your brain to relearn again ang again. Happy trading everyone
Hi guys, today ill be showing you that trades that are in your set up are the best. They give you high probability trades. Bigger reward trade, less risk, and you can review it again and again to improve your trades. I always put stop loss to lessen my risk. Happy trading everyone
This is one of those trades I wish I could have put more into. Excellent climb thus far. Just wanted to update and say even though I moved my price a little higher to take a larger return (.01) to (.02) I’m still getting a good run.
How are you all doing with this trade so far? Are we all in profit?!