Gold's strong bounce off long term moving averagesThe strong rebound from its long term moving averages continues to suggest the bull move remain in charge. Longer term targets are the 1960 recent high and the 2070/90 region, which is the high we got back in 2022 and also the top of a 12 year channel (see monthly chart).
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Technical Analysis
During periods of volatility markets mean revert to long term maDisclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
How to Trade the Markets - Step 1 - Creating a LifelineHello,
In this video series i will be walking you through my new approach on how i am currently trading the markets.
Step 1 - Creating a Lifeline
We need to create a lifeline that factors no more than 2% on a stop loss playing the current daily candle. I will show you how to enter and factor in a stop loss for security in your capital.
3rd Dimension Analysis. One dimension analysis or the depth analysis can be studying into the financial data of a the company.
. Two dimension analysis is when the investor or trader studying into the chart - Price & Time.
. Third dimension analysis is where we combine one and two dimension analysis.
Third Dimension Analysis = TA + Depth
Micro E-Mini Dow Jones
Contract value, $0.50 x DJIA Index
Micro E-Mini S&P
Contract value, $5 x S&P 500 Index
Micro E-Mini Nasdaq
Contract value, $2 x Nasdaq-100 Index
Micro E-Mini Russell
Contract value, $5 x Russell 2000 Index
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
$NFLX is currently testing the bottom of daily uptrend $NFLX is currently testing the bottom of daily uptrend and just breaking back above the 200EMA.
It's likely to bounce here and extend to the $314.30 PL.
Please see chart and video for more details
Warning the overall market is bearish so trade accordingly.
Powell comments accelerates the already strengthening US DollarPowell's comments yesterday where he stated that should US jobs and economic data remain high, "we are prepared to increase the rate of hikes" and that "the ultimate peak is likely higher than expected" saw the US Dollar strengthen across the board.
For EUR/USD, the Euro came under pressure but this was already underway from over a month ago, when we saw the market fail at its previous long term uptrend - we already covered this in a previous video.
This leaves the market back under pressure targeting short term the 1.0340/25 2017 low and 200-day ma.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
S+P bounce off its previous downtrend is bullishThis is a follow up video on the S+P, which last week bounced beautifully off its old downtrend and 200-day ma. We can only assume that this was a 'return to point of break out', that the potential bearish rising wedge pattern has been invalidated and that the bull move that started in October 2022 is in fact still in control.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
UBER SHORT, STOCK MARKET ANALYSISHello everyone, it has been some time since my last post but I do plan on making some more content. Here is my analysis of why I believe it is a good time to short UBER. Some other stocks may be worth shorting, but for me, this is the one that I feel the most confident in trading as of now.
Please let me know if you have questions,
~Master Chef
Bullish or Bearish?We are at a significant juncture on the S+P daily chart.
Are we breaking down from a negative rising wedge pattern OR are we seeing a return to point of break out from the previous downtrend, which together with the 200-day ma at 3940 will hold and provoke recovery? It is really not clear! but I would hold off getting too bearish unless a CLOSE below the 200-day ma at 3940 is seen - an interesting one!
Patience is needed.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
London Session Analysis; USDCAD, GBPUSD, EURAUD & CADJPYUSDCAD
We anticipate a bearish action, expect the price to approach the (1DL) if it breaks below the low of the Tokyo session.
GBPUSD:
With strong volume and momentum driving the price higher, we recommend looking for opportunities to buy on pullbacks until we see a structural failure. Any sell-off without a structural failure is a potential buying opportunity.
EURAUD:
Currently trading below the London session's value area low, there is a possibility of a retest of the high, which was a high volume high. The best approach would be to buy in the event of a failure to make a lower low (LL).
CADJPY:
This currency pair can be tricky, but our overall strategy is to buy the dips and sell low volume rallies in CADJPY.
CADJPY UpdateA quick update to my CADJPY analysis yesterday, nothing has changed in terms of our initial bias which is Bearish.
Price has now progressed after another manipulation and Failure to continue higher.
We want to continue to be bearish below 100.43
A break below 100.10 should accelerate the decline.
Updated Stop Loss is now 100.43.
Disclaimer: This is not financial advice.
Time to tighten up stops in EUR/USD?I would suggest that it may be time to tighten up stops for short EUR/USD positions....why?
1. We are at the base of the cloud on the daily chart
2. The RSI is low, but not yet oversold on the daily chart, however the 4 hourly chart is starting to show a loss of downside momentum.
3. We are approaching the 1.0482/1.0463 2023 low and 38.2% retracement, where we would allow for some profit taking.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
This is why I wait for 3 confirmation candles on the daily!Traders,
At times, during the last week, it looked as if our Cup and Handle pattern was going to be legitimized. However, caution was admonished. We had not yet seen 3 candle closes above our neckline on the daily which would have allowed for the safest entry. Though, we played around above the neckline for over a week, the break was never confirmed with 3 solid price closes above the neckline on the daily. This provides valuable teaching material for us all to observe and learn from going forward. I will review price history and show you what I needed to see for solid confirmation.
I will also review the four charts I was observing this past week.
And finally, I will show you what the picture now is looking like going forward.
Stew
Technical Analysis on the EUR/USD and what to look forward toFX:EURUSD
We take a look at what the EUR/USD may do going forward and how the current short positions unfolded.
We have made a nice and steady decline into the main Pivotal zone and the question now is, do we stay short or watch for buyers to come back into the market and swing momentum back to the upside. In this Video, I describe the thought process and outlook on what price action may be showing us next.
Hope you enjoy the video and analysis.
Has the US Dollar just Bottomed?Hey Traders so today it looks like on the charts the US Dollar could be forming a bottom. It's funny because in the last video I said crude and commodities could be bottoming. But in trading you should never get too bullish or bearish. Never look at the market from only one side because history shows markets are always changing. When we take a risk in my opinion the key is to try and find the right side of the market to be on. Well as of today I am no longer bullish on crude but I am now a US Dollar Bull because of what I have now just seen on the chart!
Enjoy!
Trade Well,
Clifford
$SPY is headed towards the 50EMA which sits at the $400 PL$SPY has taken out most of my bearish price targets and is headed towards the 50EMA which sits at the $400 PL.
This is a must hold or we'll see $396.50, $395, then the top of the downtrend breakout.
If it bounces off $400 we'll likely retest $404 before a continuation.
AUDNZD:Couple of Scenarios ahead of today's Economic CalendarHey traders, above is a quick video in which we analyze AUDNZD technically and fundamentally ahead of today's RBNZ meeting. i would watch the zone of 1.099 which combine a strong supply and demand zone with a strong uptrend. our eyes will be in today's official rate from the Reserve Bank of New Zealand. if they hike rates as the market is pricing we can probably hit more highs on AUDNZD. otherwise if RBNZ surprise us with a larger rate hike we will more likely have the second Scenario.
don't forget to ask us your questions in the comment section.
Joe.
DXY:Quick Technical analysis on Dollar Index.Hey Traders, above is a brief video in which we analyze the Dollar Index, my bias are bullish as the US economy is stronger than everyone imagined, and it will take time for inflation to retreat. and if we look at other timeframes we will notice that technicals are showing up. i don't think inflation will be solved by a little manipulation of interest rate due to the current macro environment and the Russian tensions. so in today's trading session we will be monitoring DXY for a buying opportunity around 103.5 zone.
thank you for the attention to my video and don't forget to drop your questions in the comment section.
Joe!
How to find strong Support and Resistance levels using MA.Hey Traders!
Above is a brief video in which i explain a simple way to find strong support and resistance zones using the moving average indicator starting from bigger timeframes to smaller ones.
i hope this video is useful for you!
let us know your questions in the comment section!
Joe.






















