About meHey guys, welcome to my profile. I would like to point out that the ideas I post on here are "ideas" I'm not taking all of these trades. I've been trading Forex for over two years, and I am an active intra day trader. If you want to connect feel free up.
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Let's get into it.
First I'd like to preface this post with the fact that I took the entire month of November off from charts, I was travelling and very busy. With that being said, whenever I take...
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1. Write your goals in present tense
My biggest takeaway from 2020 is that trading is 80% mental and 20% strategy. Maybe even more. Think about it. Everyone on here uses practically the same...
Going to keep it short.
The Monthly, Weekly, and Daily Trends are all still bearish.
I think USDCAD is trying to make a run for the 2019 Low (green line)
There should be TONS of stops sitting there as people bought the cup and handle on the monthly chart back in Jan/Feb.
With this as my target, we could be seeing a run up for some liquidity.
We will have a...
Pretty Simple Analysis Here-
I'm bearish on gold from a weekly perspective, but we are still in what I'd call a Trap phase.
We have broken a daily trendline, but I think that there are a lot of early/eager bears thinking they caught a top (maybe they have)
But if I'm a banker or market maker I can see a ton of stop losses sitting above this triangle pattern.
Have you ever heard the saying, "The market leaves clues?"
I don't think the market has left us bread crumbs this time. I think we may have been left a giant cornucopia for this Thanksgiving.
The picture on the left is a market cycle gold went through in 2010. The picture is one we are currently going through in 2020.
The similarities between these two cycles...
I apologize for typos in advance.
If you read my prior analysis on BTC with the Daily chart you'll see that my current bias is Bearish as long as we are under September's high
With that being said, we are starting to see some widening in price. (orange)
The fact we made a slight low, the exploded up, only to trickle back down again could me there was a heavy...
I think there may be a good opportunity to buy at 1.1715 today during NY.
Price has cleared three daily lows in a row, however I see some liquidity targets still unreached (imbalance, SL pool, and a mitigation at 1.1950)
We are approaching an untested point of control at 1.1715.
We are completing a bullish shark / bat pattern at that level as well.
I still think GBPUSD wants 1.3090.
This could be a buy opportunity to ride up back up there. Or we may continue dropping. Proceed with extra confirmations!
-We have cleared 2-3 Daily Lows and right under them is an untested point of control.
-We also have a bat pattern completing
If you don't make a full run for 1.3090 I would at least expect some sort...
Here Is the Idea
Target - We have tons of equal highs on the monthly and I believe we will be making a run for them this week or at least sometime this month.
I like the fact we respected an old support level + cleared 3-4 weekly lows + reversed on them and closed above.
This is the type of behavior I like to see. The close above the lows shows not only were...
I should have posted this last week, but after seeing how September closed, we can expect that we are working within a range during the month of October.
Look at the Highs and Lows.
September opened and cleared Augusts low, but then it cleared Augusts high.
This shows inconsistency, if we break it down further, we can see that August ended with three...
The reason I have Gold next to this is not to show that these pairs move similar, it's to show the setup model we have appearing.
This market model appears quite frequently in all markets.
The idea here is that Cosmos just pulled some weekly and daily lows, and reversed bullish after purging them.
Smart money possibly bought those lows....So where do they want...
I violated tradingview posting rules on my last post cause I plugged youtube, this is a repost.
It doesn't matter what market you are trading. If you are a retail trader, which 99% of us on tradingview are. You should NEVER try to predict price. Your main priority should be to analyze and study smart money behavior. They are the ones that can actually move price....
This is built off of my prior GBPUSD idea.
If 1.3100 gets hit early in the week I'll be looking to sell.
Essentially I'm looking to buy up to 1.3100 ish, and when we reach that area I'm looking to sell.
From a sell perspective we have the void that will be filled, an old point of control from August.
ALSO...we will have a "double bottom" type structure, this...
Based on the clues the market is showing, I believe the pound wants to run for 1.3090 or 1.3100 this week.
Here is my reasoning.
First - In August we had tons of buying volume accumulated around that number, those longs were used to push price higher and actually SELL at a better price. So I believe institutions still have these longs open but are BEARISH on...
This is for intra day traders, I believe EURUSD is drawn to 1.1770 right now because we have very equal high's sitting on the daily chart, I think price will poke through it before the EU continues any sort of descent. Ton's of people have their eyes on that level right now.
The red zone is a heavy volume spot that selling took place last Friday, when price...
There are several factors for my bullish bias.
1. We still have potential institutional buy orders sitting around 1.3060 -1.3080 that I believe need to be mitigated.
2. We have a liquidity void I'm looking to get filled / retested (orange)
3. We hit a Daily Key Level / Bullish Point of Control that was untested
4. We hit a marker maker level 1.2720
I don't look for higher highs lower lows etc, but it is important to observe when it happens.
I'm just following where I think there is liquidity/volatility shifts and this is a great example of it.
First things first, we just took out the July 30th low.
Immediately after doing so price rallied to clear Friday's high.
If you look at the last several days of...