TradingSkillsCoach

TradingSkillsCoach

Last week, NQ ended the week down following 5 consecutive down days. Friday saw a bearish leg down and the price closed near the day's low. Monday saw a consolidation day as there was no US session and no real market moving news. So I am anticipating another leg down.

TradingSkillsCoach

Price has gone up onight. So am expecting a pullback at RTH open before it continues to the upside

TradingSkillsCoach Updated 

An interesting week in the ES. Last Tuesday, the first day back from a long weekend in the US and Europe, the ES broke above an intermediate resistance zone. Despite high buy volume, price failed to take out the prior day’s high that had less volume. Being a Friday, not too many people wanted to have open interest in the market lest they get caught on the wrong...

TradingSkillsCoach

The ES has been trading in a range since 18 May. The probability of the price hitting the highs and going through is high bearing in mind that this is part of a larger move established since 14 May. Thus am expecting the range to be an accumulation for a move higher baring unexpected news or geopolitical incidents. The important thing being placing any trade is to...

TradingSkillsCoach

Gold is showing a continued upward move started 2016 The price move move is accompanied by volume Price traded volume confirms this on Monthly/Weekly Daily - bullflag This coming week am aexpecting gold to break out of the flag Target immediate prior highs Price has tested twice the support area of the consolidation zone forming a double-bottom

TradingSkillsCoach

ES BIG PICTURE S ince Oct price has been moving up on low volume High volume spikes on down months Last 3 months have been bullish price exploring new ATHs. Price Volume Traded showing divergence on monthly/weekly/ TF On daily price is moving up On 240 price is moving up up approaching divergence level - so expect a pullback if not reversal I will need to see...

TradingSkillsCoach

After a concerted move down yesterday, the ES! tried to reverse the downturn overnight on reducing volume. It has mainly trade above the VWAP however, the overnight POC has been below yesterday’s. This could mean that price needs to come back and test the overnight POC or low before continuing up. After yesterday’s move, the price could just oscillate within...

TradingSkillsCoach

A very interesting week last week for the ES! (E-Mini S&P 500) What with the tweets, corporate earnings and the continued trade war! Uncertainty still prevails. This should be another interesting week. A lot of opportunity and I am expecting a considerable amount of volatility. There is much in the way of scheduled news events. Sunday open could be either be a...

TradingSkillsCoach Updated 

Price took out the Asian highs. No real momentum to the upside. HAs failed to take Friday highs. On NY open expecting price to test Friday highs before coming down to fill the gap.

TradingSkillsCoach Updated 

Overnight price action was within yesterday’s value area. Overnight high tested Wednesday’s VPOC and price came down and has taken out Asian low. With overnight VPOC just above yesterday’s. Economic figures out earlier were worse than expected, however had little effect on price. The main driver is the US-China trade decision. All things being equal price is...

TradingSkillsCoach

Price action played out as anticipated. It was an inside day. Overnight session appear to have just been a continuation of price action that had been disrupted by the tweets thereby creating some obfuscation of intent. Overnight the downward action continued on good volume of about 330k contracts. VPOC established below yesterday and Tuesday’s. I am expecting...

TradingSkillsCoach Updated 

Today I believe it’s going to be a balanced profile day as market awaits Sino-US trade talks outcome. Overnight price traded within yesterday’s value area. I believe price will come down to test yesterday’s lows before going up to test overnight VPOC or try to take out overnight high before falling back within the range -baring any unexpected news of course.

TradingSkillsCoach

Basically price /market has rejected everything that occurred on Friday. I did point out that smart money was balancing their books. They did that beautifully. A long of longs got trapped and accounts blown! One rule of thumb – too many speeches on the day, obfuscate price action. Add Trump tweets and China-US trade war and it being Friday. Note how the drop came...

TradingSkillsCoach

Price open above yesterday’s value area. There wasn’t much movement in price overnight and the volume was extremely thin. That’s probably due to the NFP and speeches. It will be a volatile session. Difficult to trade as it’s bound to be choppy. However, price will come down to test overnight lows and yesterday’s lows. Much will depend on the various speeches...

TradingSkillsCoach Updated 

After an eventful price action yesterday, price calmed down overnight with a slow grind pullback. Today I am expecting the price to retest the top of the value area high and take out the overnight highs before coming back down and taking the lows of yesterday. If the lows are taken expecting price to test the weekly VPOC.

TradingSkillsCoach Updated 

Yesterday’s price action was a bit unexpected due to earnings outcome. However, while price went up, it was not very convincing, due to the pace and low volume. Divergence remains. Overnight session remained within the value area low of the previous session. Towards market open, price pierced yesterday’s POC and pulled back to the bottom of value area high. Based...

TradingSkillsCoach

An interesting week ahead. China trade relations raising it’s head. October highs stealthily taken out overnight, on low volume. More earnings reports out this week. Beware of traps! I think the market with try to establish value at Friday’s POC before deciding whether to retest the overnight high or continue to the downside. Wait and see what the initial...

TradingSkillsCoach Updated 

Overnight price has been confined below yesterday's POC, around the value area low. Price rejected the low pricing. During London morning session, price still undecided. Positive GDP figures pushed up price. I am expecting price to test overnight highs and lows, and possible yesterday’s low, before going up to take out the weekly high. A couple of figures still...