Long buy executed at 2305.99. I want to see a strong push on H4 candle to close above 2334 for a strong hold. Keep in mind that there is a liquidity price around 2295 - 2290. Let's monitor this trade and see how it goes. My buy is now a risk free trade at Breakeven.
Buyers came into the S&P 500 late in the session on Wednesday with the lower opening in Asia. Can buyers return to move prices higher to drive the market back to Wednesday highs and that is the expectation.
going over price action for the day Wednesday April 24th looking for clues to what the market is telling us. trying to put together the entire big picture to form our plan and take the right trades being on the right side of the market.
It sure seems that way. 5126 was the level where buyers would become sellers. It took sellers to become buyers in the first half of the week. Now, I think the market is weakened. Pre-market analysis will be key for trading in the next couple of days. Not a ton of setups today but, just enough to keep the degens going :D
This week, DXY TVC:DXY (US Dollar Index) may see accumulation as investors monitor economic data for signs of inflation and Federal Reserve's stance. NQ CME_MINI:NQ1! (Nasdaq 100 Index) might fluctuate amid tech earnings and global uncertainties like geopolitical tensions and inflation fears. I will closely watch these indices for market cues in coming week.
Going over the morning/lunch hours price action looking for clues as to what the market is telling us.
Had another great day trading Support and Resistance precision with Volume profile. I swear Volume Profile is like a cheat code for the markets. I want every trader to start learning and practicing this method!
Saw a channel and price formed a bull flag on h1 and h4
Learned I can press record ! LEts see if this adjustment to the sell stop pays off
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going over the price action after yesterday's trend day. looking for clues and the plan for today's morning session.
Looking to sell gold based on structure forming a nice double top after a new record highs am seeing price reversal patterns and breaking of the support trendline. currently waiting for the NYSE to open
Below mentioned points are discussed in my post analysis video(Fast forward to 0:27 for Hindi Audio) -No Trades in the morning -Poor Volumes in nifty before 10 -Sold Nifty Future Below 22440 for a gap fill! -How will i trade when market opens tom
Following the U-shape reversal on the 15 minute timeframe we had pullback to the 38.2% Fib level followed by a bounce to the upside. This indicates further upside is likely and I would suspect another leg up as the same size as the U-Shape reversal impulse. That's it - That's all Trade Safe.
Here is a quick guide on how I have my FIB RETRACEMENT TOOL set up with Retracement & Extension levels.
Going over Price action for Tuesday and the last few days. looking for clues to what the market is telling us.
While I left some on the table, I am happy with my wins. In the last week my win percentage is sitting around 90%. I have avoided over-trading and focused on doing things the right way. today, we saw a bunch of setups. Most worked but, some did not. The market has been very technical lately with very little tricks.
Earnings may push the S&P 500 higher on Wednesday. 5135 would be the next price objective that you'd want the market to close above.