krugman25

09:55

krugman25

An inside bar has formed off of a near term support level. Price is consolidating in the long term but in the short term there is some price bullishness. This pattern formed after a small pullback and could set us up for the next leg higher. As soon as price breaks out of the mother candle I will begin moving my mental stop up at logical points and ride this as...

09:58

krugman25

In this video I use the recent losing gold trade to talk about how to manage trades like a pro. You do this using 3 main principles 1)Risk small amounts of capital, 2)Don't over-trade, 3)Don't ignore counter-position price action.

krugman25 Updated 

I have to keep this short due to time constraints but notice there is a bullish flag pattern forming that can clearly be seen in the 1 hour and lower time frames. A breakout would push price above today's highs.

07:32

krugman25 Updated 

I made an about face on my bias of gold yesterday where I flipped from bearish to bullish. This doesn't mean I am indecisive or have multiple personalities, rather it was due to watching what price was telling me. Don't ever be afraid to change your opinion of a setup on a dime. Price action and the "price story" is always changing, and thus our bias' of that...

07:53

krugman25

There is a nicely shaped bearish pin bar on the daily candlestick chart for the USDJPY pair. While it is a nice candle I do not think it is tradeable given the overall price action picture. A few problems I have with this pattern is that in some of the trend lines interpretations, the pin bar is actually sitting on top of the trend. This pinbar is also forming...

krugman25

Gold has stayed buoyed above within the pennant after a false break to the downside. This false break occurred on high volume which strengthens the signal. This also greatly weakens my bearish bias. This market is choppy and could get very volatile today so if you do decide to trade any signals right now do so with due diligence and don't oversize your...

krugman25

Gold has formed a bearish pennant pattern just below the resistance level of 1300-1305. I expect a price break out sometime in the next day or two. There are two ways to enter this pattern, once is on a break down of the pattern by entering short, the other is waiting for a false break up and then entering short on a pull back. A false break is a much better...

04:36

krugman25

AUDUSD performed a false break from the .7600 level on Friday. While this was a good bullish trend and perhaps a sign that price will continue it's rise, it simply wasn't strong enough for me to take a position. If price drops back below near term support and forms a double bottom with a sharp recovery then I will re-evaluate and most likely take a long position...

08:09

krugman25 Updated 

As I predicted in my last video, bitcoin hammered down through the pennant support after a very weak and unconvincing small bullish rise in price. You may have already went short at a break of the pennant at around $7250 and are now solidly in profit. If not, do not dismay as these pennants often times offer "2nd chance entries". Very often in breaks of a...

09:06

krugman25

Copper has taken off from a nice bullish pin bar that had formed off of a key support trend line. This was a near text-book pin bar setups and the types of setups price actions traders should always be watching for. Price blasted off higher from the pin bar and is finally having a little bit of pause from a key resistance zone. When I will be watching for is...

05:52

krugman25

The QQQ have been on a tear for about a week now. If you we're watching my analysis from 3-4 weeks ago you were aware of the inside bar setup that I was waiting for a bullish breakout of. Although we had a false break down on 5/23, price immediately recovered and the bullish breakout that I had been predicting did ensue. The price action on 5/23 produce a very...

krugman25

A large bearish pin bar candlestick has formed off of a key resistance level in silver. Price has been mostly trapped within a sideways range for a number of months. Only once back in April did it try to break it which failed. This is another failed attempt at a bullish breakout and could see price falling lower in the coming days. These are the exact types of...

07:01

krugman25 Updated 

I provided analysis two week ago where I laid out a case to go long on a pullback to the 109 region. There were two ways to trade this, either a more risky zone trade or waiting for a price action setup to go long. Price did reach this zone and then formed a double inside-bar pattern that broke out very strongly to the upside. Looking ahead I will be watching...

08:51

krugman25 Updated 

Price has had a small bounce off of the bottom of the pennant that I have been discussing for the past few weeks. This is a bearish bias pennant and one that I am watching to go short from. There are 2 potential trade setups to get short, one is simply going short on a break of the bottom of the pennant, which will confirm the pattern. The second option is if...

09:24

krugman25 Updated 

I mentioned in a EURUSD video analysis 2 weeks ago that we might see price drop a bit further and then reverse back up to potentially form a head and shoulder pattern. That looks to be exactly what the EUR is doing right now and is now only a short distance from a key resistance level where we will be intently watching for trade setups. I will be watching for...

krugman25 Updated 

In the USDJPY pair price has reached a critical support area and I am not watching for any sort of price action candlestick or pattern to get long. Price has been in a strong bullish trend for the last few weeks and while price has pulled back quite a bit since last week the bullish bias is still intact. Prudent price action traders will be watching for any sort...

krugman25

EURUSD has begin recovering slighting since the aggressive selling that continued all last week. Price has been in a strong downtrend for a number of weeks so we are looking for price exhaustion and pullback to key resistance so we can find opportunities to get short with the overall bearish trend. I will be watching closely over the coming week to see if...

krugman25 Updated 

USDWTI blew through near term support last Friday and has now fallen to a critical support. Due to the importance of this price level we may see it hold where the near term support levels were not able to hold. If your a contrarian trader and believe that this key support level will give you increased probability of price holding and popping higher in the near...