Us30 has already made a solid move to the downside
and broken a weekly trendline as well. Even though Nas100
has made a solid move to the downside as well I there is more
room to the downside after a retracement. The area that I
expect the market to rise to is the 15560 to 15620 area which is past
support turn future resistance.
If you like analysis like...
This is the idea we this morning in our TRADEWITHTRAVIS morning session. USDX is showing signs of not slowing down and because of that the potential bearish break we talked about is in effect. Consider entering short off of this position:
Stop loss 1648.12
Take Profit 1615.50
Last week the market showed that people have mixed feelings about the market right now which showed in a consolidation from 11400 to 11700. Last night the market down to 11380 and exploded to the upside breaking out of the consolidation no trade area which also serve to be a high volume node and create a triple bottom formation. Since this market broke out of...
US30 has been in consolidation for over 6 days now which is not surprising in terms of what phase of months we are trading in instead of trading the consolidation we are waiting on the market to break to large scale high volume node and capitalize on that movement
BUY STOP ORDER
Stop Loss 31960
Take Profit 32840
SELL STOP ORDER
US30 last week complete to fill the lvn gap, with the week of trading I do expect that the market may start to build a new consolidation area based off of previous hvn ranges back in June I would reframe from trading that area and wait until the market breaks out of that high volume node
US30 Buy Stop
Stop Loss 33140
Take Profit 34310
Dax is showing signs that it maybe ready to breakout out of a large scale high volume node that started in early June if the market breaks out of that area there is a considerable amount of space that it can run to the upside
German 40 Buy Stop
Stop Loss 13450
Take Profit 1 13840
Take Profit 2 13940
Be aware that on Thursday Aug 4 GBP will have...
The USDX is showing clear signs of bearish movement and we are starting to see that XAU is starting to push up bullish this means that pairs like USD/JPY are more attractive to get into. With the market breaking a low volume node to the downside we placed in a pending sell order at these prices
PENDING SELL STOP
By now you should know that I love trading volume profile and there is a potential BIG move about to happen on SPX500 look at my chart and tell me what you think is going to happen first.
Is this the start of another small consolidation or is the market ready to EXPLODE now?
Been working on a new trading strategy that involves using the volume profile of each security/forex pairs to exploit the market by only entering and exiting trades in unfair market price areas (low volume nodes) to create profit without having to fight in high volume node area which are general areas of consolidation.
Would love to get your thoughts
NAS100 From a weekly and daily perspective are still showing sign of downside pressure AND AT THIS TIME ALL IT TAKE IS 1 CATALYST FOR THIS PAIR TO CONTINUE MOVING TO THE DOWNSIDE SINCE BREAKING THE POINT OF CONTROL AT 14000 FROM A VOLUME PERSPECTIVE THERE ARE 3 POTENTIAL LANDING SPOTS WHICH ARE
TP 1 13040
TP 2 12400
TP 3 12033
STOP LOSS 12400
US30 Has been in triangle consolidation since 2/4 and it is starting to breakout to the upside. In the midst of this breakout there are a few areas that if you are patient in taking a long
(AFTER THE RETEST OF COURSE...) COULD BRING IN SOME SERIOUS POINTS
TP 1 35380
TP 2 35533
TP 3 37000 LONG TERM FIB D EXT
DO NOT GO LONG UNTIL THERE IS A CONFIRMED RETEST...
Market has finally broken clear to the downside at this point, with that being said I do expect more downside movement of the course of the next few weeks, there is a d ext for the daily at 34308 that I expect to be hit this week and the next bearish fall zone is at 33274 which is past resistance turn future support
Check out this analysis and more on my...
MARKET IS FALLING INTO A BULLISH AREA WHICH
GIVES US OPTIONS TO TRADE THIS WEEK, THE
DAILY IS MOVING INTO THE SWEET SPOT AREA
TO THE OUTER TREND LINE & THE 2HR IS
MOVING FROM THE SZ TO THE BUY ZONE LOOK
TO SELL HIGH PRICE ON LOWER TIME FRAME
DOWN TO THE 200MA PRICE THEN LOOK FOR
BULLISH OPPORTUNITIES IF THEY PRESENT
WEEKLY- BULLISH R2...