Last week was very interesting as we have had a prolonged run up to $52,000 throughout last week, going into this week as it would be expected that a pullback is pending in the near future. There is the chance the bulls could attack the all time highs at $69,000 but for now, we have to stay level headed and await a bullish break of $52.985 before proceeding with...
Last weeks trading was a stickyyy one still! FX_IDC:XAUUSD hammered into and past the weekly fair value gap located between 1993 - 2000* before sharply retracing from the lows @ 1984.37 last week Wednesday, 14th Feb 2024. Since then, FX_IDC:XAUUSD has been creating bullish engulfing candlesticks indicating either a run to an imbalance and inefficiencies...
Daily/4h time frames analysis on Gold. Candlestick analysis, price action analysis. Bearish forecast explained. ❤️Please, support my work with like, thank you!❤️
In this live trading session video,we look at current live open positions on BRENT, GBPUSD, EUR and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them.
Part two of capitalising on a bullish liquidity run on buy stops. To reiterate over the prior trade that I documented, my SL was hit with me in a extra $158 profit hence the reason I was doubling down this time round, with lower risk of course! The goal was to utilise HTF to engage short with confluences such as order blocks and multi pair divergences and...
Daily/4h time frames analysis for EURUSD. Price action, important key levels. Trading plan explained. ❤️Please, support my work with like, thank you!❤️
In comparison to CME_MINI:ES1! , CME_MINI:NQ1! was much more uniform with the delivery, especially when the gap formed on Monday going into Tuesday was filled on Friday whilst CME_MINI:ES1! Thursdays candle exceeded the gap. I believe there is more pain to come from liquidating sell stops compared to buy stops as the overall sentiment is bullish with the...
Next in line is the T-Bond Futures market with the chances of this asset doing the complete opposite of US10Y 98% of the time. Observing my bias, the biggest risk I face is the ZB1! repricing sharply next week to capitalise on the buy stops above all the short term and intermediate term highs up to 121.10. Moreover, the overall sentiment on bonds is bearish...
Tuesday was the 8:30am news release that sent shockwaves to short term scalpers as the bottom fell out @ 2011.50. What's surprising is, the amount of 'high-impact' news that was released was less than Thursday 15th but yet, the market was able to move more violently. What this shows is, it docent matter if a day is packed with news, it does not confirm 100% high...
Study the weekly timeframe. Notice how we perfectly hammer into the weekly bullish order block formed on 6th Nov 23 whilst sweeping weekly sell stops... I don't think MAX pain has been delivered to the downside as large hedge funds, mutual funds as well as whales would be smart enough to allow their stop loss to breathe and not place it right at the throat of...
BITSTAMP:BTCUSD for me is where my trading journey started. I was using BITSTAMP:BTCUSD WITHOUT even knowing what BITSTAMP:BTCUSD is! Dont ask why.... This is when price action was around $900 in 2017 The false narrative and strong manipulation behind bitcoin is something i fell for; believing it's 'digital gold', 'digital store of value' etc... when...
Multiple time frame analysis for Dollar Index. Price action & important key levels. Trading plan & potential scenarios. ❤️Please, support this video with like and comment!❤️
OKX:BSVUSDT is the dark horse of the 'crypto' market, with many calling it a scam, fraud and whatever else and this WILL be something I talk about in detail another time. Today, due to it being the 1st ever OKX:BSVUSDT analysis, i will keep this one short, sharp and sweet so we all have targets to focus on this week. Before i go into the intricacies of the...
Good ol' $COMEX:SI1!! I believe anything that is Gods money will always have a use case in this world. COMEX:SI1! is one of them and no matter how much manipulation is placed on this metal, the truth will always prevail. What we saw from March 2020 was an absolute capitulation in COMEX:GC1! COMEX:SI1! , with a decline of over 33% within a 30-day period...
Unlike all the other asset pairs I analyse on a daily basis, COMEX:GC1! FX_IDC:XAUUSD OANDA:XAGUSD COMEX:SI1! can sometimes so it's own thing in comparison to the uniform correlation that TVC:DXY & FX:EURUSD FX:GBPUSD have and CME_MINI:ES1! CME_MINI:NQ1! $CBOT_MINI:YM1!. For that reason, I hold more weight over the longer term timeframes such as...
From a macro point a view, Cable has been bullish from the 23rd October 2023 with the highs sitting @ 1.28273 but zooming out, it is evident that this might be a relief rally into the beginning of Q1 2024 to engineer more sell stop orders below prior swing lows. Observing Jul 13 2023 highs and Oct 3rd 2023 lows, we can clearly see that current prices is at a...
Of the three stock indexes; - CME_MINI:ES1! - CME_MINI:NQ1! - CBOT_MINI:YM1! CBOT_MINI:YM1! Looks to be the pair that's frontrunning the sellside narrative as it is the 1st of the three to reverse and reject all-time highs @ 38,992, closing the week as a bearish doji candle whilst CME_MINI:ES1! and CME_MINI:NQ1! close out bullish. Is this a...
As CME_MINI:ES1! CME_MINI:NQ1! CBOT_MINI:YM1! tends to have tight correlation, it is logical to make the assumption that if my bias for CME_MINI:ES1! is short term bearish then it is only right to be short on CME_MINI:NQ1! also right? Well, that's correct and we will have a look at CBOT_MINI:YM1! in my next post as an example of times where one goes...