paradox677

paradox677

OANDA:NAS100USD 2021 July 12 NAS100USD Theme of last week for NAS was trapping longs and shakeout, very exciting week! This is what can happen when volume is low. It is cheaper to wipe out weak hands when market participation is low. Weekly chart: Price advanced, volume picked up a little, some strength has come in Daily chart & H4 chart: Wide spread bar...

paradox677

OANDA:XAUUSD XAUUSD 2021 Jul 12 Week Strength is confirmed, prefer to keep to long, and re-entry on retracement. Weekly chart: Shakeout SOS confirmed with this week's higher close. Daily chart: Higher closes daily confirms strength H4 chart: SOS bar 2 closing higher than SOS bar 1. Immediate resistance 1819 Immediate support 1794 Strategy: Long...

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OANDA:XAUUSD XAUUSD 2021 Jul 05 Week Price broke through 1761 and returned to that level to become a nice shakeout, presenting a long opportunity. Weekly chart: A previous wide spread down bar on high volume, followed by shakeout = SOS Daily chart: Haven't formed a higher low, TBC H3 chart: back in a previous range. Will need 1795 to be broken and...

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OANDA:SPX500USD 2021 July 05 NAS100USD New high for NAS again, and on low volume. Keep stops tight. Weekly chart: Price advanced on low volume Daily chart: Wide spread bar up H4: Last bar closed off low indicating presence of supply. Strategy: 1) Long if price supported at bottom of channel or price reaction zones marked out. 2) Long if there is wide...

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OANDA:SPX500USD SPX500USD 2021 JULY 05 WEEK New high achieved. Last bar closing on the low. We will wait for Monday to see if this is mark down for buying or SOW. Weekly chart : Weakness - shortening of thrust, diminishing volume as price advances Daily chart : No significant weakness observed. H4 chart: Last bar is an Upthrust. Wait for Monday to show us...

paradox677

OANDA:NAS100USD 2021 June 28 NAS100USD (Intraday) NAS last week broke out so short plan did not materialize. Since long happened past Asian waking hours on 22 June no long trade was taken. Not interested to take the long as market inched up on low volume. Bar 1 SOW confirmed by next bar closing lower. Bar 2 supply came in. Will short on weakness at...

paradox677

OANDA:SPX500USD SPX500USD 2021 JUNE 28 WEEK (INTRADAY) Tiny spreads up on diminishing volume = weakness. Will not join in this weak move, rather will wait for retracement. Like and follow if you find this useful : ) Have a successful week ahead in whatever you do.

paradox677

OANDA:XAUUSD XAUUSD 2021 Jun 28 (Intraday) Tight range last week was not ideal for trading. Continue to stay out if this continues. Not much market participation by smart money. Immediate resistance 1795 Immediate support 1772 Critical Support = 1761 Like & Follow if you find this useful. Have a profitable trading week.

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HSI1! HSI1! 2021 June 21 Week (Intraday) Market has made lower high and we can now visualize a down channel. Intermittent support at 28441. Scenario: 1) Short opportunity if price returns to test 28751 - 28655 region 2) Wait for price reaction at red/green zone before taking position.

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OANDA:NAS100USD 2021 June 21 NAS100USD (Intraday) NAS last week offered the following setups - Long trade set up from 13946 immediate support - Short setups as market topped when spread narrows and bunching of closes Scenarios: 1) Short if price returns to test resistance or 14116 region, target 13900 / 13840 2) If price reaches 13840, wait for price...

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OANDA:SPX500USD SPX500USD 2021 June 21 (Intraday) The past reveals the future. Last week, we opined on possibility of history repeating as price reaches a previous high. Congrats to those who had not been sucked in as market was marked up and waited for a short. Price has paused at 50% 4151 of the previous up move. Scenarios: 1) If price is supported at...

paradox677

OANDA:XAUUSD XAUUSD 2021 Jun 21 (Intraday) Last week we saw re-distribution unfolded. As market pauses at 50% 1761 of a previous trend, possible scenarios: 1) Short covering: long opportunity for a quick trade 2) Price goes beyond 1761 and target for 1731, and possibly 1682. If you see shortening of thrust, prepare for long opportunity. Wait for a test of...

paradox677

OANDA:NAS100USD 2021 June 14 NAS100USD (Intraday) Weekly = Bullish | Daily = Bullish | H4 = Bullish Market continues to advance and approaching previous resistance. Immediate support = 13946 1) Volume is low, keep stops tight if long / stay out of market. 2) if close of bars are near each other, step aside 3) Will wait for price to reach red/green...

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TVC:SPX SPX500USD 2021 June 14 (Intraday) Weekly, Daily, H4 = Bullish Price has approached a previous high, will history repeat? Not much market participation at higher prices, however will wait for sign of weakness to appear before taking short position. Scenario 1) Short if price is rejected since it as at a resistance zone. 2) A convincing break takes...

paradox677

HSI1! HSI1! 2021 June 14 Week (Intraday) Weekly, Daily = Bullish | H4 = TBC Past 7 days in rotation. rotation range zones trade levels remains. Bar 2 and 3 are weak. Red/Green zone = preferred entry

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OANDA:XAUUSD XAUUSD 2021 Jun 14 (Intraday) Weekly Bullish with weakness | Daily = Bullish | H4 = Bearish Preference to short last week proved to be prudent. Noticed that price did not manage to reach previous highs both in H4 and Daily Chart. Does this mean that supplies at those higher levels have been distributed, and now re-distribution is...

paradox677

OANDA:XAUUSD XAUUSD 2021 Jun 07 (Intraday) Weekly | Daily | H4 = Bullish Per last week' analysis, short opportunity at previous high materialized, testing a previous demand area. Last few up bars appears to be an attempt to mark up the market. Prefer to short on rejection of higher prices. Like & Follow if you find this useful. Have a profitable trading week.

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OANDA:SPX500USD SPX500USD 2021 May 31 Week (Intraday) Weekly, Daily, H4 = Bullish Last week 4148 immediate support held and then price found acceptance at 4178-4190 (last week's scenario 2). Long was good. Scenario: 1) Market to test 4183-4190. Long if supported 2) Daily chart we see an uthrust bar has formed, this is weakness, so don't be surprised if...