Hola ! Happy Friday traders - Mid Cycle of the 3rd quarter for 2023 As mentioned in my previous post, US30 gave us bullish momentum throughout the week and during NY session we seen the bears take over completely. Am i the only one seeing all the sellside liquidity getting built ? Im in two minds with it being NFP today - shit is going to be wild. Thinking...
Not saying this will happen, but accounting for the possibility. I remain short, but not over leveraged. Saving plenty of funds to add to my position at higher price.
Educational Idea: Most of the Novice conventional traders use support and resistance levels. If the support breaks, they tend to short-sell the scrip & try to profit out of it. And, if the resistance breaks, they go long. But the majority of the time, they become a victim. Let me get this straight. Let's take an example, in this case, Eicher Motors. When...
by Constantino Principles of Professional Speculation" written by Victor Sperandeo (Trader Vic ), analyses one of the powerful topBottom reversal techniques. Trader Vic describes this technique, "In an uptrend, if prices penetrate the previous high, but fail to carry through and immediately drop below the previous high, the trend is apt to reverse. " The converse...
This is just my perspective on how NASDAQ will move in the coming days. This is purely based on the area of the confluence trap, Demand, and supply.
The high wipe had to happen, we couldn't sell simply from a trendline breakout. This was a trap, now that the trap is out of the way we can look for sell opportunities. I expect one last purge of the highs before we collapse into equal lows. Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create...
The bulls are trying to trap each other before the correction because they are greedy, This creates interesting short opportunities.
Could see a bullish move into a large bearish push on UJ for a downtrend continuation. Should see a large fakeout just after ATR n volume has drop significantly in the upward direction with a large spike in volume and atr after the move. Dont get caught in this move as this is the trap that is due to turn an accumulate liquidity in the market for a bearish push.
Hey tradomaniacs, We`ve got to be very carefully again as I see traps being prepared in the market. Lots of retailers are currently looking for shorts in Major-Pairs such as AUD/USD, EUR/USD, GBP/USD and NZD/USD to catch the peek while CoT-Data are showing still a strong long-positioning of retailers. We could eventually see a move down of DXY (US-DOLLAR)...
I present this chart as it consolidates all my previous charts, with annotation and two vital indicators I had not published. So you will notice on this chart the various themes I have been discussing, including the most recent 'Flag' analysis which I will attach below, but also two indicators at the bottom. MFI and CMF indicator. Now is not the time for an...
Everyone keen on new bullish wave? Need to overcome 1.0890 first for sure... Bullish wave happened on low volume, so need to see how we close this day to be so shy on bulls side.
This pair my friends is looking to have a perfect trap setup. if price touches the "resistance" (in quote because they are just the bulls taking profits), and immediatly rejects it, it will definitely become a trap. Wait for price to break and retest that level and enter short with strenght and close your position with 150pips very fast. Just follow the arrows...
Price has came back to the same level as previous chart that i have attached. Last week, price came to this level and bounced up with more than 120 pips. Followed by another 120 pips drop too. So there is an possiblitiy that price will bounce up again BUT there is also possiblity that it is an TRAP move to inicite buyers to jump in only to get stopped out. I will...
Bitcoin Cash (BCH) experienced a serious mining anomaly today. The network failed to produce a single block in a five-hour period and it didn’t even cause a significant transaction backlog. ***Bitcoin Cash usage is still lagging, show the latest blockchain event, where miners were unable to discover a block for hours. The Bitcoin Cash network returned to regular...
The price should be back to Demand zone exactly where Bank make an order If you have any questions please leave a comment
The USDCAD has a double trap, on H4 and H1, meaning they are both the same trap, and can be traded and treated as 1. The large candle for me is a confirmation of the order block, luckily for us the next order block is only 80 pips away. My preferred entry would be at the retest of the bottom of the consolidation area on H1. which alligns with 50-61 fib. I...
Bs lol. We live in information age where we can get any information from internet for free of cost. So why are we buying courses and learning from different sources of training materials when everything are based on same framework with differnet title name? I can see on this chart that there are many Traps with M & W formations only occurs before breakouts which...
The gold has consolidated for more than a week since it broke new high at the beginning of last week. The price has made another attempt to break new high as it broke the top of the consolidation but came down quickly as it lost its buying strength at the previous high of 1555. There's a repeating pattern which shown the price fell as much as 300 pips once it...