okay...
- first things first we brokeout of a range on the daily that has been going on for about a week
- on the H4 the breakout candlestick closed below the support of the range and the next candlestick retested that level of structure
- pretty straight forward break and retest setup, take profit is at 12420 which is the next level we might go touch and stop...
okay so on GJ it's a bit of a tricky one but i'll try put it into words...
- firstly i identified the overall trend to be bearish on the daily and weekly as well
- down to the H4 market has been bullish since friday morning but then it turned bullish after creating a lower low, so right now it could be going up to form a new lower high but we will see
- so i'm...
salut salut, comment allez vous? ;)
my analysis is a follows...
- on higher timeframes such the daily and the weekly market has been in a range and has formed a double top on those time frames
- from last week thursday market respected a level of major resistance and was then bearish ever since
- the bearish move has broken out my upward trendline and market is...
- on the weekly we are bullish due to market breaking out of major resistance earlier this year around jan 23rd
- and then the market went on to form a new higher low point around the previous lower high point which was broken
- now we are currently at the high high point and market showed signs of respecting that level during the last week but has held it's...
hope all you man are good here's what i see on igolide!
- on the weekly and daily we are strongly bullish as seen by the long candlesticks
- down to the H4 market broke out a level of resistance and retested that level as seen by he long wick on the current H4 candlestick
- on the M30 and M15 i am waiting for a higher low point to make entry
- my stop will be a...
i hope all you great traders are doing well!
here are my observations on gold...
- at the market open of this new week, a gap was formed and since open price has been around the 1887 resistance zone
- on the H4 we can see 4 candlesticks respecting that zone and showing signs of a bearish move
- a consolidation zone was formed so a break of this zone will show us...
hope all you traders are doing great! here are my observations of the s&p...
- so for two days (thursday and wednesday) the market was at a level of support, and price tried to breakout of this support level (on lower time frames) but broke back in to show that it has been respected
- the rejection of yesterdays daily candle are seen as an inverse head and...
happy first of the month!! hope we all have profitable months :)
so here it goes...
- on the daily market closed below the downward trendline yesterday
- down to the H4 a bearish engulfing formed closing two previous bullish candles
- a head and shoulder pattern formed which is more clearer on the H1
- entry could have been taken at the london open where the...
so here's what i see...
- market has been forming HH and HL on higher timeframes
- market is currently showing signs of breaking through the previous HH
- so i'll wait for market to retest that level of the previous high which will be the new HL if it does not i do not take the trade
- but as with other trades there is no 100% guarantee with my predictions
hope all you successful traders are doing great and cheers to a profitable week!
here goes my us30 analysis...
- on the daily timeframe market respected a level of support and closed above it
- down on the H4 and H1 market formed a double bottom and broke its neckline
- also forming HH and HL around the significant level of support
- so the two peach yellow...
my top down analysis goes like this...
- market broke out the 1829 level of support on the daily support
- yesterdays daily candle retested (broke in and broke out) to respect that level of structure which is our new resistance
- currently on the H4 market is still respecting structure and is showing signs of a bearish move with the long wicks
- just took a trade...
- we broke through the neckline of the double top on the daily timeframe yesterday
- we are currently at an intraday level of structure where market looks like its retesting it and continuing being bearish
- currently waiting for the break of the previous low at 12052 to go short
- or if the market wants to retest the neckline of the double i will wait for a...
hope all you guys are blessed! it's my baby brother's birthday today si i'm in the best of moods today and please wish him a happy birthday :)
but here's my breakdown for german 30
- this market has been in a range on the daily timeframe and the most recent was a touch on the support of the range
- but on the H4 market has been making LOWER LOWS and LOWER HIGHS...
so first things first...
-market brokeout to the downside on the daily timeframe
- then market ranged for 4 days forming a bearish flag which is a continuation pattern
-market is currently at a significant support level so if it breaks entry can be taken on the initial breakout (aggressive) or wait for a retest of that structure (conservative)
- take profit is...
too late with publishing this trade i took on nas100 but my reasons were as follows
- a double top formed last week at a significant resistance level
- market then broke the neckline of that double top
- waited for a retest of that neckline which occured at the london open and the new york open
- waited for a formation of a lower high on the M5 after the...
my insights are as follows
- on friday morning during the london open, market formed an inverse head and shoulder pattern at a significant support level
- market then went on to break that neckline and was bullish throughout there whole day on friday
- today it is currently in a range so i will be waiting for breakout either to the upside or downside but my bias...
hope all you guys are doing fantastic here's my analysis for the s&p 500
- market made a higher high at around 4190
- then went on to make lower highs while breaking higher lows
- initial entry could have been taken last week thursday, but market showed signs of continuation and at the london open it retested the support level where my entry was taken
- take...
Mark Douglas : We don’t need to know what is going to happen next in order to make money = Everything happen now / at the moment ( The effects) are the (The Cause) by the past . And everything happen in (the future) are ( the cause) by now/ at this moment..So focus “now moment”..As traders need to “update” his/her “trading ideas” very often..
