LitSavage

LitSavage

RSI Divergence coupled with a fresh institutional demand zone that still seems to be producing; have me predicting a nice up move following CPI release.

LitSavage

Appear to be on the verge of a deeper correction for this budding bull market.

LitSavage

I suspect this interest rate decision will result in a longer term down trend to close out summer trading

LitSavage

Not much of an equity trader but I do trade options. I was scanning the markets and noticed this opportunity to buy a nice dip. I'm really liking the fib alignment for this stock.

LitSavage

Longer term view for CAD. Ideas on where we may see this market go over the next few months. Although I believe we are in a longer term downtrend, the engulfing candle formed this week is a compelling sign we may be in for a few more weeks of retracement to the upside.

LitSavage

The uptrend proved dominant, so I took the short fade at the end of the hour. Then when I checked back in a half hour to see where the trade was, I was up 20 pips but only a few bucks... I realized I had traded microlots instead of full lots... I'm upset with myself because small careless mistakes can cost big money in this game. Note to self, never trade...

LitSavage

Daily and 4 Hour Levels. To me NFP is a coin flip, I lost so much as a n00b trader trying to catch a falling knife in an illiquid stop cascade. Now I find it easier and usually much more profitable to fade big news like NFP. Here are levels of interest where one might look to enter fade trades.

LitSavage

ABCD projection falls short of PRZ, but I expect a nice second leg down regardless. Trade cautiously though, NFP and US Unemployment this weekend. Markets may seek consolidation and smaller ranges until news is released.

LitSavage

Hey guys. My main goal here is to help other traders succeed. I struggled for several years, before realizing how the market really moves. Part of getting ideas out is views, and attractive charts bring in more viewers. I'm liking the color scheme I have going now, it mirrors my Ninjatrader account. Let me know what you think in the comments. And congratz if...

LitSavage

OK, wishing I would have kept my morning short open, but hindsight is always 20/20 and as I say, Capital protection is rule #1 to making it in this game. A study of wicks and volume would have lead one to expect, institutions were either taking profits or loading up shorts. Don't believe the fake news people, the 1% create news to guide their agendas... if you...

LitSavage

Updated chart based on Asia/London trading. Price hit a previous demand zone, dropped, and is now flirting with momentum. I hit a short scalp earlier this morning for 15 pips, but closed out once momentum held. Will wait until after PMI data before opening any positions.

LitSavage Updated 

When shorter time frames collide with longer time frames, we know who usually wins

LitSavage

Remember folks, volume is the foot print of the institution. If you don't trade with volume, you should. I won't lecture you... but as a futures trader I can attest Level 2 data and T&S are invaluable, and this is the closest alternative we have in spot FX ;) I'll be waiting for price to retest before I buy. I don't like to take those late entry retail trades...

LitSavage

Realized one demand zone was misidentified after reviewing volume more deeply

LitSavage

With high impact news later this week for both countries culminating in NFP, this week could be a volatile one. Be careful and protect your capital.

LitSavage

GU, AU, EU all look like they are about to break down. Coincidenal that the Dollar Index looks positioned to rally?

LitSavage

2:1 opportunity for AUD/NZD if todays close creates an engulfing candle. DOW theory suggests we are in an uptrend.

LitSavage

Expecting the dollar to rebound this week. We are at a point of previous Demand with confluence from RSI divergence and a fork channel.