When I put out a video of this last week, the main reasoning was our sell-side tapering and clear liquidity building within our tapered orange selling channel. We are now well on our way toward a HTF breakout and have a fully bullish outlook. Happy for all who joined me on this move! Happy Trading :) - TraderDaddyOG
It has been a while ride on PDD this past month! Don't take your eyes off the grand prize - a breakout of our larger time frame magenta selling channel. In order to do that, we needed to build liquidity in our controlled selling channels. We have activated a stronger buying continuation channel but will need some time to prove its' control. Be patient on this...
We've been eyeing this breakout since we started to prove sell-side tapering from our strong selling algo to our more tapered teal. Since then, we've seen healthy movement and if we're looking back to a year ago, we can see a similar pattern that formed prior to a larger breakout. So here I am going to allow us to come back and retest white if that's what price...
These same algorithms have been playing out time and time again for years. We need to see our strong yellow activated to break us out of controlled selling teal but more importantly out of our controlled buying green. Green is a bull's worst enemy and although there are intra-day and smaller time frame trades to be taken within, on the HTF it is constantly being...
Movements to be made as soon as we decide whether we've built enough liquidity in our teal tapered selling algo or if we need to dig deeper in stronger selling magenta and find support and a more tapered blue buying continuation. Will update as price develops! Happy Trading :) - TraderDaddyOG
Will be looking to enter a short here if we do fail teal controlled selling and see that magenta is in control. I expect price wants to come down to at least purple buying continuation to find support for a continued move upward. Happy Trading :) - TraderDaddyOG
In this video, I shared my view on the AUDUSD. The bears could ambush the bulls at the next minor swing level of the 0.66600. Your opinions are welcome in the comment box.
📉Hi Traders, Investors and Speculators of Charts📈 Fractals are a helpful way to identify how markets have previously moved. When identifying a similar pattern, it can be useful to speculate future potential price action. Fractals not only apply to chart patterns... but also to technical indicators! We observe the bullish cross on our technical indicator; a...
This is super interesting and we could be near a great level to get in for a longer term hold. Many confluences on this one so keep this one on the list! Happy Trading :)
A pickup by our stronger buying continuation yellow would be very bullish. We do not want to see ourselves being guided by this very tapered green buying continuation. Stay Tuned! Happy Trading :) - TraderDaddyOG
I put out analysis on this trade on Friday and am still a believer in this stock longer term! Good signs on Friday off of a yellow pickup and looking to retest that more tapered blue selling algorithm before a continued activation by yellow and breakout toward the top of this daily IH&S. Stay tuned, Happy Monday, and... Happy Trading :) - TraderDaddyOG
In a long-term downtrend and at the top of the channel. Higher time-frame candles with wicks to the upside. Lower time-frame candles showing strong bear support.
As we can see, the price is positioning for a potential breakout, as seen in the video. However, joining the current trend requires a bit of planning. The best option is to wait and see the nearest structure to be tested and broken effectively. Then, use the Price Action Entry Model to join the trend on the lower timeframes, which could be intraday or session-based.
Pfizer looks ripe for a bullish breakout so expect a catalyst to show up VERY SOON. "charts predict the news
Multiple time frame analysis for Gold. The speculations about the next potential resistance. Trading plan, trading recommendations. Thoughts. ❤️Please, support my work with like, thank you!❤️
I caught the breakout of this HTF selling channel and sold at the top. We are now retesting the orange selling channel with support from our strong buying teal channel and below it, yellow. With banks announcing earnings in a little over a week, this could see us at $100 really quickly Happy Trading :) - TraderDaddyOG
Tapering Tapering Tapering! Looking for a buying continuation activation and breakout of our controlled selling algos. If you look on the daily chart as well, you'll see a massive (beautiful) Inverse H&S pattern forming. Happy Trading :) - TraderDaddyOG
In my video yesterday I explained that proof of tapering from our purple HTF buying continuation to an even more tapered blue will lead to a liquidity build and a need to activate a stronger buying algo below. If taken correctly this turned out to be a 15 R:R trade. Happy Trading :) - TraderDaddyOG