Hello,Friends!
Previous week’s green candle means that for us the NATGAS pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 2.723.
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Welcome to my video on "Trading Using The Opening Range: The Power of the Opening Range - Mastering Trading Strategies." In this informative session, I dive into the powerful concept of utilizing the opening range to enhance your trading strategies.
Understanding the opening range is critical for successful trading, as it sets the tone for the rest of the...
Seasonality is pervasive in financial markets. Some are benign while others are not. The “September Effect” refers to a month when equity returns gets crushed. Typically, this is followed by a volatile October.
Other well-established pattern in equity markets is the "Santa Claus Rally" which is known to occur during December. Equities go bullish with increased...
Sorry, I was on the road. Anyways, I flipped my XLF puts for beer money.... literally, lol.
MFI is oversold, but RSI is not and Europe can send this down further tomorrow morning. SO I'm just gonna go cash and hope for a big gap down tomorrow.
I'm a bit surprised that I actually made money on my puts, everything was green when I went to sleep last night. I...
Hopefully you all love Halloween and fall.
Because I am obsessed and I went as extra as extra will allow.
And you can expect this to continue until next month :p.
Let's hope for a straight forward week this week. This would be for SPY to come up and reject 431. Remember, we have been rejecting that 431 repeatedly (which is our bearish condition on the 6 month)...
This is isn't my usual type of analysis, as I prefer to stay neutral and let the price action speak for itself, but I find the situation on Natural Gas very interesting and wanted to share my view on it. In trying to interpret the forces at play here in the recent past evolution of this market, I take a close look at highs and lows, peaks, bottoms, and the...
Just as we looked at the previous last August correction, the question was; can a more impulsive wave engulf the slump, and it did to then print the next wave up.
Now the same thing is happening again.
Dollar did look quite impulsive with the bearish slump, but on Friday it printed a hammer and now today its having a very big pump that has easily engulfed the...
Market bounced EOD because MFI is oversold, and it finished oversold. MFI is a poor indicator for gap direction though.
Still planning on waiting for RSI to hit oversold before going long. Europe scares me, and I don't want to deal with a big gap down while holding a long position. I'll be a lot more bullish after FDAX hits oversold.
Typically if market...
Thought I would keep NQ1! and ES1! separate. Here are the NQ1! weekly levels this week.
From looking at this, it makes me think its going to want to go up. We have a 99% just above the bullish condition on the week, which, if we hold, means we should move to the initial high target. If we just wick to the 99 and fall back in, then this solidifies there is...
Indicators are neutral, but the chart formation shows that it lost support, backtested and went down. That's pretty darn bearish, and remember the Euros control the morning gap direction for the US market.
The first day of the month and the quarter can often result in strong one-way moves, known as trend days. The opening range on a day like today holds significant importance for me and determines the direction I will be playing. Taking a broader look at the charts and observing the daily timeframe, here's what I notice: the top Bollinger Band has started to...
Hello There!
Welcome to my new analysis of the GOLD FUTURES. The massive inflation, recession, and supply-chain disruption events that emerged in the past times have increased the investor's fearfulness and accelerated the investor sentiment in regard to a favoring of safe haven investments to hedge against the massive inflation, recession, and supply-chain...
🟢 BUY ABOVE - 7387 🟢
🔴 SELL BELOW - 7330 🔴
🔥🔥 WORKS BEST ON 5 MIN TIMEFRAME 🔥🔥
❤️❤️ MARKET SECRET ❤️❤️👇
1. TRADE WHAT YOU SEE NOT WHAT YOU ASSUME
2. FOLLOW THE TREND BECAUSE TREND IS YOUR ONLY FRIEND
Our motto is to help each and every individual to reach and achieve their financial goals across the world by empowering individuals with the accurate...
Greetings everyone,
I hope you've had a productive week with successful trades. I wanted to share some of my ideas on the Elliott Wave Principle. It's crucial to make informed decisions and exercise patience in all transactions.
As per a quote from (J.F.), a professional analyst of the Elliott wave principle, amateur traders tend to focus on the possibilities...
#GOLD sell we posted (trading portion) was SPOT ON (tee hee)
Barring something out of ordinary AMEX:GLD is most likely not going bull, at least, until 2024. There's also possibility it could also consolidate for few years but that's a story for another day.
The precious metal is likely headed towards 1800 area.
The last chart shows all major support levels by...
October 2nd 23: In this video we see the market lower than it was last night. I changed some of the chart in a little bit because I didn't like one of the ABCD patterns... so I explained that. I changed the range boxes a little bit.... when the market went a little bit lower I visualized it a little differently.... so I changed that. The market went lower and...
