GC1! GC1! Gold 2021 Aug 16 Week Last week, Gold was kind to react per strategies provided. Hope you have profited from it, Weekly: Very High Volume Climatic Up Bar = Strength has appeared Daily: UHV Selling Climax + rejection of lower price + Demand = Strength H4: UHV Climatic closing above middle + healthy volume on ascend = strength. Strategy for Short...
GC1! GC1! Gold 2021 Aug 09 Week Short from Red zone was good, finishing off with a climatic down bar that pushes through immediate support 1808, and stopped at a previous demand zone. Weekly: High volume down bar = weakness Daily: High volume down bar = weakness H4: UHV Ultra Wide Spread Bar, narrowing of spread. 2nd last bar has high volume. Some buyers...
NQ1! NQ1! Nasdaq 2021 Aug 09 Week Market initially resisted at Bar 1's high. Later an upthrust is formed as market advanced on declining volume. Market still in uptrend while building its cause. Monthly: Narrowing spread = weakness (takes time to unfold_ Weekly: Narrowing spread, Effort no Result = Weakness. (Wait for weakness in LTF to flow through to...
YM1! E-mini Dow YM1! 2021 Aug 09 Week Monthly - Ultra Low Volume, Ultra Tiny Up Bar = may usher in Change in Behavior (takes time) Weekly = High Volume with Narrow Spread = Weakness, net progress from previous week's high = narrow = Weakness (Note, no change in behavior yet) Daily = High Volume Up bar Close off High (Weakness, keep stops tight) H4 = 2 H4...
HSI1! HSI1! 2021 Aug 09 Week Last week's market: = No follow through in breakout - Weakness - Upthrust and returned to rotation zone = weakness - Yet to test the Historic UHV from 27 Jul - Market in 650pt rotation (grey box) Monthly = UHV wide spread down bar closing off low (Change in behavior takes time) Weekly = Potential demand, close on middle...
OANDA:HK33HKD 2021 Aug 02 Week Last week a historically UHV down bar appeared. Strength always appears on UHV ultra wide spread DOWN bar. Weekly: Market has rolled over with a wide spread down bar closing in middle (UHV) = Indecision. Price bounced off Monthly channel demand line. Daily: Shakeout + Reversal = Strength. Market was resisted at 26340...
OANDA:SPX500USD NAS100USD 2021 Aug 02 Week Short opportunity for NAS las week, went to 14851, so long on the re-test of it. Weekly: Down bar closing in middle, indecisiveness, also some supply present. Daily = Shortening of Thrust, Supply present = weakness H4 = We saw the sharpest decline from the high last week, Change in behavior with LH and LL. Short...
OANDA:US30USD US30USD 2021 Aug 02 Week Rotation zone (Grey Box) short and long for Dow provided a comfortable trading week. Weekly: Upthrust bar closing below close of previous bar = Weakness. No change in trend yet on weekly chart Daily: Effort no Result + No Demand + last bar closing slightly below middle = Weakness H4: Increase in bearish strength and...
XAUUSD 2021 Aug 02 Week Uneventful week for Gold given the narrow range, except on Friday long from Green zone was good. Weekly: Up bar closing in middle, some supply Daily: Lower volume down bar closing off low = some demand H3: Bar A showed bullish strength, Bar B demonstrated demand overcoming supply. Strategy: 1) Price return to Bar A and shows support...
OANDA:SPX500USD SPX500USD 2021 July 26 Week Long from lower green zone was fruitful. Weekly: Engulfing wide spread up bar, closing at its high. No sign of weakness yet Daily: Wide spread up bar close of its low, decreasing volume on move up = SOW H4: Widespread up bar + Upthrust + decreasing volume on move up = SOW Strategy: 1) Short on ND / Upthrust /...
OANDA:NAS100USD NAS100USD 2021 JUL 26 WEEK Scenario 3 was activated when price was supported at 14556, offering long opportunity Weekly: Wide spread bullish engulfing up bar, no sign of weakness Daily = Market up on decreasing volume = weakness H4 = Wide spread up bar followed by upthrust = possible weakness Strategy: 1) Short on (a) No Demand, (2)...
OANDA:US30USD US30USD 2021 Jul 26 Week Gold eked out a slight high ATH at 35115.80 Weekly: Wide spread up bar closing near high, no change in trend signs yet Daily: Decreasing volume as price creeped up = SOW H4: Weakness has appeared, Bar A and bar after it closed off high, decreasing volume as market moved up is also weakness. Would expect history to...
OANDA:XAUUSD XAUUSD 2021 Jul 26 Week Per last week, 1812 level was good for long from 19-20 Jul Asian hours, and supply came in to bring market down to 1787 - 1794, which becomes a revised support zone for the rest of the week. Weekly: Down bar closing off low, = some demand Daily chart: Lower volume down bar closing slight above half of bar = some...
OANDA:SPX500USD SPX500USD 2021 July 19 Week Last week's long to high and then weakness from H4 and Weekly observation finally manifested from 14 Jul. Weekly: Hidden upthrust = weakness Daily: Bearish H4 chart: Bearish Strategy: Will wait for price to reach preferred red/entry or 50% zone. Like and follow if you find this useful :) Have a successful week...
OANDA:NAS100USD NAS100USD 2021 JUL 19 WEEK Long on dip worked well, followed by triple top rejection and market moved mightily to reach intermediate support 14683 last week. Let's see next week if bearish momentum follows through next week. Weekly: Hidden upthrust = Weakness Daily = Bearish H4 = Bearish Strategy: 1) Short on retractment 2) Critical...
OANDA:US30USD US30USD 2021 Jul 19 Week Weekly: Hidden Upthrust last week. This week's bar will determine strength/weakness. Daily: Hidden upthrust = weakness. H4: Bearish. Immediate Resistance: 35111 Immediate Support 34043 Strategy: 1) Price in rotation (grey box), range 375pts. Will only take trades at either end of the range and aim for 50% of...
OANDA:XAUUSD XAUUSD 2021 Jul 19 Week Long preference worked out well last week. Market was resisted at 50% of a previous trend, and returned to test a previous demand bar, not without surprise. Weekly chart: Close at middle of bar = indecisiveness. Daily chart: Price at bottom of D1 trend channel, uptrend still intact. Wide spread down bar, 1812 needs to...
OANDA:SPX500USD SPX500USD 2021 July 12 Week Bar 1 confirmed as SOW and move was manifested on 06 Jul. Theme last week was similar to Nasdaq - trapping longs and shake out Weekly chart: Net gain from previous bar has diminished, volume has picked up slightly.. Daily chart: No significant weakness observed H4 chart: Shortening of trust, weakness...