Last week the market showed that people have mixed feelings about the market right now which showed in a consolidation from 11400 to 11700. Last night the market down to 11380 and exploded to the upside breaking out of the consolidation no trade area which also serve to be a high volume node and create a triple bottom formation. Since this market broke out of...
US30 has been in consolidation for over 6 days now which is not surprising in terms of what phase of months we are trading in instead of trading the consolidation we are waiting on the market to break to large scale high volume node and capitalize on that movement
BUY STOP ORDER
Price 32025
Stop Loss 31960
Take Profit 32840
SELL STOP ORDER
Price 31705
Stop...
US30 last week complete to fill the lvn gap, with the week of trading I do expect that the market may start to build a new consolidation area based off of previous hvn ranges back in June I would reframe from trading that area and wait until the market breaks out of that high volume node
US30 Buy Stop
Entry 33305-33320
Stop Loss 33140
Take Profit 34310
Dax is showing signs that it maybe ready to breakout out of a large scale high volume node that started in early June if the market breaks out of that area there is a considerable amount of space that it can run to the upside
German 40 Buy Stop
Entry 13550
Stop Loss 13450
Take Profit 1 13840
Take Profit 2 13940
Be aware that on Thursday Aug 4 GBP will have...
By now you should know that I love trading volume profile and there is a potential BIG move about to happen on SPX500 look at my chart and tell me what you think is going to happen first.
Is this the start of another small consolidation or is the market ready to EXPLODE now?
10/18 WEEKLY IS IN THE BZ WITH A CTL BREAK BULLISH, WE ARE IN A RETEST PHASE
ON THE DAILY WITH THE MARKET STILL ABOVE THE WEEKLY TREND LINE I WILL BE
LOOKING TO BUY LOW PRICES IN THE BUY ZONE UP TO THE 2HR (1,942) AND
DAILY D (1,965) EXT RESPECTIVELY
PLAN OF ACTION
LOOK TO BUY CTL BREAK BULLISH WITHIN THE
CHANNEL PLACE STOP BELOW THE "A" OF THE
SWING TP AT...
10/3 NAS 100 REACHED CREATED A NEW DAILY "C"
POSITION AROUND THE 11600 AREA AND THEN
BROKE A TRENDLINE TO THE DOWNSIDE CREATING
A POTENTIAL HEAD AND SHOULDERS PATTERN ABOVE
THE CHANNEL AREA THAT WAS FORMED ON THE 2HR
THE DAILY IS CLOSE TO THE SELL ZONE AND THERE
HAS BEEN A BREAKOUT SO GOING INTO THE NEW
WEEK I WOULD BE LOOK FOR A RETEST THEN A
REJECTION OF THE...
9/30 THE ONLY PAIR THAT THE USD HAS BEEN STRONG AGAINST THIS WEEK IS THE JPY, THIS COULD BE FOR A COUPLE REASONS 1. THE MARKET IS IN CONSOLIDATION OR 2. THE JPY IS SLIGHTLY STRONGER THAN THE USD AND THIS WEEK THE MARKET IS JUST RETRACING. WITH THAT BEING SAID THERE IS AN TRADING OPPORTUNITY IF YOU GET IT IN AT THE RIGHT PRICE AROUND THE 106.17 AREA WHICH IS A...
9/29 TRADING ANALYSIS OF THE NAS 100, THERE IS A BULLISH BREAKOUT OF THE DESCENDING TRIANGLE THAT WAS FORMED. WITH THAT BEING SAID WE ARE LOOKING AT A TRADE IDEA BASED ON THE RETEST OF THE BREAKOUT. LIKE AND COMMENT ON THE VIDEO IF YOU AGREE.
9/26 MARKET IS ABOUT 30 PIPS FROM HITTING THE DEXT AND NOW ITS
THE MARKET IS IN THE BUY ZONE. I WILL LOOK FOR A CTL TO THE
UPSIDE, I STILL DO BELIEVE THAT THE D EXT WILL BE HIT BEFORE THE
MARKET RETRACES AND GIVES A HIGH PRICE
POS RANK 66%
ENTRY: WAIT
9/26 MARKET HAS BROKEN THE LONG TERM TREND LINE AND HAS A CONFIRMED THE
RETEST THE MARKET HAS MOVED TO HIT THE
DAILY D EXT. GOING INTO THIS WEEK I EXPECT A RETRACEMENT
TO GIVE A HIGH PRICE ON THE DAILY TO SELL DOWN TO THE
WEEKLY .382 AREA AND THE PREVIOUS 2 TARGETS.
1. POC .68850
2. DAILY .382 R5 . .6650
DIRECTION : UP (SHORT TERM)
POS RATING: 92%
9/26 XAU BROKE THE TRIANGLE TO THE DOWNSIDE AND CURRENTLY IS IN
THE BUY ZONE THERE WAS A RARE TWEEZER BOTTOM MADE ON FRIDAY
WHICH MEANS WE SHOULD SEE THE MARKET START TO PUSH BULLISH. WITH
THE USDX BEING OB WE SHOULD SEE PAIRS CORRELATED WITH THE JPY,
EUR, AUD & NZD SHOW SIGNS OF RETRACEMENT BEFORE STARTING TO
PUSH AGAIN BEARISH. IF THIS HAPPENS THE PAIR WILL...
