Hey guys, So I guess that 79% retracement to 1973.02 was sufficient for the bulls to show their horns but the year is coming to a close so trading activity my decrease. Let's see if those horns scare off the bears in the new year. Merry Christmas and Happy New Year folks.
Hey guys, I’ve been looking at gold for some time and took trades in between so I thought I’d share what I’m looking at with you. So technically speaking gold is in a range but looking at the overall move since the new high we are bearish. A CPI induced rejection of the resistance level 1993.518 leads me to believe we could be heading to support level...
Hey guys, Looking at gold here today, with CPI data to be released, I'm anticipating a bearish continuation. 1988.879 - 1986.404 Potential sell zone (fib retracement) 1975.487 Old high that will probably be violated should CPI drive price lower (take profit one) 1965.467 Old low loads of liquidity resting below from buyers. (Final take profit) 2009.719 In...
Hi guys, So looking at gold, which every trader is probably looking at after that massive spike, I am trying to determine what the most likely move to happen next is. Well first looking into history every time gold blew into highs there is some sort of correction. So let us look at some levels. 2031.513 Looking left, this was a support level, which now seems...
Good day, Looking for gold to reach a little higher into the liquidity resting at those extreme highs. Would love to see the early week's trading trade lower than the current printed candles as a means to manipulate bears where I'll then look closely at price action for buys to the levels I marked. Happy trading!
Good day, Looking for shorts on US30 after an invalidation of the previous idea. Short term timeframes are buys toward the mean threshold of the fair value gap which consequently is the 50% fib level of the displacement leg. Regards,
Hey good people, After a while, herewith is an analysis on US30 final quarter
Good day, We know US30 is currently moving lower so I have marked out places of interest for myself where I want to see the market draw towards. On the lower timeframe I will look for my entry patterns and catch some bearish pips. Peace
Remember the previous idea? I said intraday we are looking for short positions? Here's one.
Good day, Herewith is an analysis for US30 for the coming weeks. Look for short opportunities intraday but remember we are aiming to go long at a certain point. Happy trading
Hey friends! The market can only do one of four things at any time and with each of these things there are ways to capitalise. a) Expansion b) Retracement c) Reversal d) Consolidation Understanding what to look for in these conditions is vital to, first, an understanding of the market efficiency paradigm and secondly to finding entries. So once you've...
The main objective remains that high delineated on the chart but I am expecting price to draw deep back into that range and tap into that daily fvg first. Or price can just continue higher without any reversal to engineer liquidity for the fulfilment of those orders resting at the daily fvg. We will have to wait and see the reacting @ 34445.7
Hello dear friends , A lot of the clutter & confusion in our minds are as a result of the internal dialogue we have with ourselves, we have acquired so much knowledge that it is actually causing conflicting biases within our minds. We see what the market is doing and anticipate based on intuition & experience what it may do next, more often than not we revise...
Bullish or Bearish? Beautify entry caught, no we wait to see it play out. -+
ABBREVIATIONS ROL - RUN ON LIQUIDITY RTB - RETURN TO BASE EXPECTATION - BULLISH RUN DRYING OUT BEARS, could continue lower BUT US500 IS INDICATING a continuation of the current trading activity. NOT FINANCIAL ADVICE
It had to fall at some point, I'm proud of this trade idea.
Good day, On the daily timeframe it's quite obvious that the first quarter is bearish. With that in mind, I am looking at critical points for the market to turn (Fib levels, imbalance/fvg climax's etc.), price has reached such a point (50-78.6% fib levels and a fvg climax). Bears are showing resistance to bulls and looking to push bulls into their 'kraal'. ...