First off, I just want to say... My 6E (Euro/USD) call was my money maker this morning. I didn't go in overnight, but when I woke up I immediately saw the draw down in the 6E and hopped in. I made about $800 off that, and got out, though I think it could definitely be headed for some more downward movement. However, the S&P Futures is my bread and butter, so I...
One thing I forgot to mention on the video was the low volume from yesterday. FOMC decision days tend to have a higher volume than 1.7 million. That has also left me a bit cautious the downward move may not stick. If it is going to stick, I'd expect some continued downward motion with higher volume and more conviction. Overall, trends on the 1hr/2hr are calling...
I've said it a dozen times... remember that nothing annihilates a technical analysis like key Economic Data. So with that, at 2pm EST, it is the interest rate decision, though really I think it'll be the forward guidance that drives the market up or down. The last time we heard Jerome Powell talk (during his Congressional Hearing) he was rather Hawkish and...
Interesting Gann can predict an FOMC BOUNCE WTF this is a bit crazy DCA SAFELY
Could this be a good call and setup for a buying opportunity on this Bullish Shark Pattern? It has a retest with RSI Divergence.
So I went short this morning at 4019 based on a MACD data plot on the ESM contracts. The buy zone on a data plot was 3948, and I feel like that really followed through into today, where my sell plot was to be at 4019. I had a short preset overnight and it struck early this morning. As far as trends, we are beginning to hit a lot of higher timeframe uptrends that...
Price action at USDJPY more likely to Downtrend. But we must let price present itself. Do we will find Lower High? What do you guys think? FX:USDJPY
EURUSD Timeframe: 1Hr Short Day Trading Position Initial Take Profit : 1.068 (Uptrend channel correction = Pivot Point) TP2: 1.062 (If break the pivot) TP3: 1.056 or 1.053 SL: 1.077 (strong downtrend break upward) The pair was in a bullish tunnel last week. At the end of the week, it touched the 4H downtrend and seems to test the upper side of the tunnel within...
I wanna make some breakfast so I'll keep the write up short. I'm out of the market at the moment, and my overall sentiment is very neutral. The ES! contract overaly has a bit of room for us to head further south, however the ESM contract has that anything towards 3900 is going to come back up. I'll be watching for the potential of both. Overall the market...
Euro usd will go for a retest on near terms. so I am short on eurusd
Lower Lows and Lower Highs are technical patterns that are commonly used in chart analysis to identify potential downtrends in the DXY US Dollar Index. A Lower Low occurs when the price of the index reaches a new low during a given period that is lower than the previous low. This suggests that the price is continuing to trend downward. A Lower High occurs...
NZDUSD PLAN 03/16/2023 Risk Reward MINIMUM : 1 to 2 or more. Share if you agree. Donate please :D God bless Us ! Arayaz
After break of market structure and a previous bull run, it formed a bullish flag pattern & now is at resistance, from where it can give a good breakout for next bullish trend continuation.
As a student of SMC, there might be a reversal probably by next week. Divergence happening market structure formed major down trend let's see how the price will react next week. If you have any idea or suggestions, drop a comment down below.
So I had taken a small profit last night on 3997 short and then reengaged at 4000 where I had wanted to get in at to begin with. I had set an overnight cash out at 3968 based on the 1hr trendlines and while driving home today, totally forgot it was still set and it cashed me out of my short position for a profit of $1600. I'm not upset about it, but I likely would...
Short Day Trading Position Take Profit 86.300 (Completion of the pattern) SL: 89.1 (If breaking the pattern up) The AUDYPY pair has been showing signs of bearish divergence on the 4 hour chart, and a potential creation of ABCD Pattern while the Bearish big trend continues. The pair has started the downtrend since September 13th last year on the Daily chart and it...
Hi; good evening. GBPAUD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second...