In this live trading session video,we look at closed position on gold,open trade on Brent and potential trades coming on Bitcoin,GBPUSD, etc and the thinking behind them.
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GREAT WEEKEND EVERYONE
Bullish on Ethereum primarily because of the ETH/BTC CHART. I am of the opinion that 2500 can come, which is also 0.618 fib from the highest peak to the bottom on June 24.
We can discuss the enters: it's all up to you, enter DCA, enter now, wait for 200 Dma, 100 Dma, 0.5 fib. I am of the opinion that momentum is growing on the indicators...
As per our previous post as referenced below, we are looking at Brent oil for a potential long trade. Here are our reasons for a long trade:
1.Market compression occurred on Daily according to our smart money framework indicator.
2.We placed a pending order for last swing high where trend change will occur which today's bar took out.
3.Initial Stop Loss(ISL) for...
On the first marked candlestick you can see how the volume was high and the price closed (red) immediately followed by a return big candle with strong volume (the bulls defended). Then they try again and fail.
Here's the reason why i hunted low wick today after the news. I expect this time we break the 200 DMA and test $83
Once again we smashed another target taking the Bull all the way up into our 2047 target with only 2066 remaining. Buying from dips allowed us to manage any swings safely. Although the weighted level break has opened 2066, the target will be solidified with a ema5 lock confirmation above 2047.
Once again we had plenty of time to get in for this...
Here is the concept of the stretch principle strategy that we will be publishing trades on.
The factors that we will be mainly looking for are:
1.Upper ST(10) Break
3.Smart Money Indicator Confirmation
4.Daily and 1h direction alignment according to Smart Money Framework
All the factors above are shown in the chart...
In last week’s KOG Report we said we would face a difficult week on the markets and will be looking for higher pricing on Gold, and if price did start with a decline, we would be looking for the levels 1970-65 for a strong support before attempting the long trade into the target regions we had above. We gave KOG’s bias level as 1965 bullish above and...
Pair : GBPUSD ( British Pound / U.S Dollar )
Completed " 123 " Impulsive Waves at Strong Resistance Level or Daily Demand Zone. If Breaks then it will Reject from the Fibonacci Retracement Level - 61.80%. Bullish Channel as an Corrective Pattern in Short Time Frame
Entry Precaution :
Wait for the Proper Rejection
Just got a "Sell Alert" from my customer SSG Indicator on Apple. Last 2 times this happened we saw the price quickly pull back into the direction of the 100 days EMA.
Looking actually to trade this by short-selling Calls with with a strike of 200 that expire in 1 month. However, due to Thanksgiving I expect that the volatility is not going to be very high on a...
Currently, all the movements I look at and position myself differently. It is important to show yourself all the possibilities and get rid of your emotions
if I see that the ABC correction is (LONG), it can easily lead to scam wick, which is also not excluded(SETUP-LONG) + Head and Shoulders Pattern(SETUP-LONG). Also, this could be an even bigger drop(Biggest leg...
A look at the Market Sentiment and trading opportunities on offer for the session. Review of the price action we want to see prior to an entry Setup.
The only Trades which have been highlighted are ones coming off a level and showing promise.
this is how I look at the setup for long BNB. I expect BTC to cool down to at least 34-35k and therefore BNB to make a correction.
Keeping the price at that support (from June 10 to August 15) gives me more, probably for higher prices (if we see a reaction, of course).
The second scenario is the zone below (scam wick), everything below that is not interesting to me
In last weeks KOG Report we suggested that if price began with a decline and stayed above the 1920-23 price region, we felt an opportunity to long would be available, based on strong support. We gave the levels above as 1950-55 and above that 1965 and 1970 as the target levels to aim for and then added the daily bias levels. We gave the weekly bias...
We have decided to adjust our forecast for the end of the U.S. Treasury yield curve so that the 10-year yield is 4.25% by the end of 2024.
Our forecasts are below market expectations, but in particular he is ahead of public forecasts through the end of 2024.
Our two-year forecast reflects a smaller decline in interest rates than consensus forecasts due to...
I trust you are doing great and getting reading for the new trading week.
Here is my view on Silver.
To begin with, I will draw your attention to the monthly chart. Based on where I plotted my monthly OB, go and look at your monthly chart. Price mitigated the manipulation. Hence the rally. If you measure that bullish candle that price mitigated...
After the analysis and possible scenarios I posted here:
The two zones that I tolerate everything for long are here. I expect to test Moving average again and we will get the final result. Another secondary scenario is that there is a recovery, and to new low levels
This pair has been on my radar for a long time now. Let's break down this pair.
On the monthly timeframe, a bearish CHOCH was formed and if you use your fib to measure the retracement, you will notice that the price has retraced more than the equilibrium price, meaning that GBPNZD is in a premium zone. This doesn't mean it would be wise to short the...