Today, I will focus on the intraday analysis of the EUR/GBP. What caught my eye here was a rotation from which a strong sell-off started yesterday. Why it caught my eye? Because in a rotation, heavy volumes are usually traded (accumulated). Big trading institutions need a rotation to accumulate their big trading positions. They need time and liquidity. The...
Now this is a different story! There was a 160 pip opening gap on the CAD/JPY! The price haven’t even get close to closing it. The volatility is pretty big here. This means the gap could get filled shortly. I would not be surprised if it got filled today or tomorrow. It does not matter too much when it will get closed though. The thing which I find interesting...
The previous week I wrote about the importance of the big picture analysis. I did a long – term analysis on Gold using Weekly charts and Volume Profile. Now, I would like to zoom in a bit and analyze Gold on a much lower time frame (30 Minute). This will point us to intraday supports/resistances which are currently there. Price Action analysis Let’s first...
Quite a lot of people like trading indices using the Volume Profile tool. In my experience, the Volume Profile works fantastic with indices. In fact, I am also planning to add ES (SP 500 futures) to the levels which I publish daily for members of my Trading course. So, today, I would like to have a closer look at the ES and show you my intraday trade analysis...
Focus on the green areas. Break of the orange parabola and longer term trendline takes price to lower inefficient prices . This idea is a perma-bull idea considering the longer term, the green areas are generally prices which are desirable for bounces/accumulation.
US stock market fell on Friday 24th Jan. Gold hardly to claim up. Those behavior may fuel the $USD currency ( $DXY) to go higher. my 1st target is 98.40/50 area, and possibly it may go higher after the test. The down slope (dashed blue) is only reflection line from previous down move action. It mean nothing for me right now. i just want to see the sellers will...
Retração do mercado de hoje abriu na VPOC de ontem, testou um ponto de resistência e desceu, formando uma em formato "P" no market profile, rejeitando assim a região de valor de ontem. O mercado hoje definiu como área de valor entre 4.164 e 4.175, sendo 4.171 a VPOC. Sendo assim, se o mercado abrir fora da área de valor de hoje, há chances de termos um Open...
There was a strong downtrend on EUR/USD on Friday. I used Volume Profile to identify the most significant volumes within this downtrend. From that, I was able to find strong resistance at 1.1111. Check out the video to see how exactly I did this!
Here is how i thiking about USDCAD right now. There is nice consolidation with continue move down.. In the middle of this consolidation in price 1.32320 i placed my short 1 level. However it looks like that around price 1.31644 is another one good short levels. But first i need another confirmation and i want see the price to go more down. Happy trading Dale
Gold is having problem to move above 1480 , price stacked at this level for very long time. Meaning 1480 become value acceptance for buyerS and sellers. Here is a tug of war for Buyers and Sellers. Let see what happen last week; Gold had aggressive buyer from 1457-60 area, then .... rejected above 1480, and fast liquidation back to 1460 area again. But the next...
Here is the most significant Volume cluster on EURUSD for this Week. I expect reactions around this level... Stoploss will be taken in low volume nood... EURUSD is right now in consolidation from Daily chart... Happy trading Dale
Another Strong volume cluster after sell off.... In monday i predicted reaction for short in previous post... But i did not except this BRUTAL sell off.. For that reason i want trade only in short side... For now i wainting for pull back to this volume cluster.. Happy trading Dale
After nice move down was created strong volume cluster. After pull back to this area 0.99284 i expect corection down for 10 pips. ( Or stoploss 12 pips ) This is my level from my mebers section for intraday trading. Happy trading Dale
After taking a full analysis of like directions and considering all the different trigger points with regard to the Simple Moving Averages and the overall market sentiment; This chart clearly displays solid data that is conditional to whichever direction the market decides to take. At current, it appears that if BTC is in a strong down trend headed toward the 6k...
Here is nice POC ( Point of control ) that was created when market moving down. This move was around 47 pips... I expect that after pull back to this POC... Will push sellers price down. Target 10 pips Stoploss 12 pips Happy trading Dale
The market cap of the whole crypto-asset topped out at the end of June 2019, reaching 370 billion dollars. However, in the coming month, market cap contracts significantly, steadily declining to 215 billion dollars for the moment. More interesting is that even the sharp rise at the end of October, when Bitcoin breaks out above benchmark 10,000 $, doesn't change...
I have been trying to keep on bullish bias, but seems bearish keep coming back, and I don't think big money come yet.eithier for buying or selling. No clear direction at the moment. just a trading money since Monday. 7th was the excess high. then since 8th buyer keep trying at the lows. I am start thinking 285 will be reach this week. NFLX runs every opening with...
Here is my opinion on CAD/JPY from my weekly prediction on my youtube channel. After nice move down are created strong volume cluster where is accumulatited many orders. I hope so that strong sellers will be react on this volume cluster and push the market in my direction. Happy trading Dale