TradeApe

TradeApe

Just an updated chart setup as some ppl asked...

TradeApe

Blablabla...setup for people who asked ;)

TradeApe

Slight modification for intraday scalps taken on 1min charts. Without going into details: Blue = long Orange = short Tradingview won't let me post 1min chart...but yeah...mostly using this on 1min charts not M15.

TradeApe

Just a quick update...just layout changes ;)

TradeApe

Updated setup ;)

TradeApe

Weekly Chart Analysis The regression channel is still bearish and both my short and long term DMIs are also still bearish. Until at least the short term DMI crosses to the bullish side, I don't really expect all that much multi-week upside. Having said that, the short term D+ is clearly crossing up towards 20, at least for now. So in the short term, we could...

TradeApe

Just in case anyone wants it ;)

TradeApe

Oil hit the psychologically important 30.0 level and it isn't a surprise the down trend started stalling. The question on everyone's mind is of course "have we bottomed out?". Personally I believe it doesn't really matter. For most of the week, we traded within the triangle and only overshot to the upside on Thursday. However, bulls merely managed to retest the...

TradeApe

So oil has been ranging all throughout the holiday period. The wider range is from around 35.80 to 37.80, but price has remained within around 36.65 to 37.80 most of the time. Fundamentally, nothing much has changed imo: - Production is still strong and with several producer countries suffering economically at the moment (Saudi Arabia!!!), I can't see them cut...

TradeApe

So the August low around 38 has been quite clearly broken, which is the main reason my overall bias is still short. In addition, we have the following fundamentals supporting shorts: - Saudi Arabia's fighting a war for global power by trying to ruin competing shale oil companies. They know they need to be forceful with this, a bit like ripping off a bandaid. It's...

TradeApe

Hopped on the short train at around the daily open today, SL right above it. Both my short and longer term DMI are now bearish and we broke through 44 today. Not only that, at the end of the day price merely retested 44 and didn't really shoot much above it. Having said that, I wouldn't be totally surprised to see another stab towards 46.00. Above that level...

TradeApe

May's been nothing but ranging so far. Not difficult trading, but also not really exciting...buy around support levels, sell around resistance levels. H1/H4 DMI is really helpful in that regard. I'm only taking longs as I'm still in some longer term longs from below 55. I'm out of all longs below 57.75. Got really close last week and almost got kicked out of...

TradeApe

Sooooo, for the first time since March 19th, DMI has switched to bearish mode. It already got close on the 7th and 8th May but failed to break through. DMI+ is now just around 20 and slowping down and DMI- is sloping up and for the first time in a long time clearly above 20. It will be interesting to see if DMI+ breaks down through 20. One thing to keep in mind...

TradeApe

Just a couple of key levels I'm going to keep an eye on. Would love to see price drift lower until tomorrow and then a nice push from 59.75 to 62ish. Of course I don't have a crystal ball and the market doesn't give a rat's ass about what I want...so I'll play this according to trend strength. Preferred entries/exits are around the indicated zones. The "entry"...

TradeApe

Couple of key levels/zones I'm watching for EURUSD. Will wait for confirmation and not blindly hop into trades simply because price touches one of those potential bounce zones.

TradeApe

Just a couple of key levels/zones I'm keeping an eye on. The blue/orange zones are where I'm looking for potential reversals. Doesn't mean I automatically exit an existing trade or hop into a counter trade before I have confirmation though. The "entry" levels are just levels where I would like to enter if I get a good signal because it's unlikely price will go...

TradeApe

DMI is still bullish but DI- has been ticking up and could potentially cross 20. Until that happens, I'm still looking for longs. Will focus on 1.1140 and 1.1050 for possible long entries. Should price break through the lower level, the daily DMI will likely turn bearish at which point I'm short again. Price is kinda fighting with the 100EMA at the moment so...

TradeApe

This stupid stuuuuupid supply zone right below price is really starting to piss me off. 1130.1 to 1165.86 is a major supply zone it seems and price is hesitant to even touch it at the moment. My long term view for gold is still bearish because stuff like rate hikes WILL happen and it's only a question of WHEN, not IF. Having said that, I wouldn't really...