Looking for a short term sell on Gold to fill yesterday's gap
Hi, guys! Master (Pure) Charting Analysis: no indicators, no fancy drawings; only Pure Logic and 10 years of Experience. * SP500 consistently rising on strong fundamentals, favorable ambient background and inflow of cheap money into the stock market. * There are no technical signs of bullish attenuation or weakening yet .. until we see the Volumes are being...
It is no surprise that oil prices have been rising. With the recent attacks on Saudi oil reserves it is very clear indication that Octobers oil prices will be higher than the past quarter year. As an active Day Trader I believe in technicals first and the price looks like an excellent inverse head and shoulder setup for the near future. Before we see an...
GBP/USD Futes breaking downtrend channel with some conviction. Is a possible reversal in the works? Pattern is incomplete and meaningless unless it forms.
SPY volume was barely half of the daily average at close. That is VERY bad for the longs. On the e-mini: If a close below the recent pin bar happens then I believe a lower high would have been made, keeping my predictions alive. If futures dive, obviously SPY follows.
So, all last week the hype, and what was keeping the pumpers pumping, was good news on the trade war front. The news - talks would resume, and China would not immediately retaliate. But, there were 2 key words in there that the bulls didn't want to think about: "talks" and "immediately." Talks would resume - So what? They've never really stopped "talking."...
Channel and confluence of black line projection caught the ST reversal in MES.
Potential Bull Flag waiting to play out on the BTC CME Futures Expecting overall decline in volume to continue until bottom of flag is tapped again and the CME Gap (green circle) is filled 1M candle printing out an attractive inverted hammer for August to add conviction to my bullish bias This implies we continue upward after filling the gap and buyers...
Taking long at the support zone after a failed breakdown in the opening range session and a nice bull run in RTH. Taking a pullback continuation trade with stop loss at 72.5 and target at 94. A breakdown below the zone will change my short term bias into neutral-bearish
over night action is very contained with no real directional push right at the prior days highs so remaining above 2910 I would have to think we move higher, so my leaning for trades will be mostly long. The range is big all the way to 2940 so there is lots of room for good shorts inside my long bias. the opening action will help me find the trades for the day, ...
Entry: 72.19 Stoploss: 70.37 TakeProfit: 73.79 TakeProfit 2: 75.37
Oil showed a nice downtrend displaying lower highs and lower lows, and when we hit the 55.50 zone, we began to base. You can say we did make a range/bottoming pattern. It shows us the trend exhausted. After breaking above the lower high swing at 56.80, there was a chance we could see an uptrend (or range). I like the bottoming pattern we do have here on the 4...
Feds are now started talking about 50pts cut at the end of July. If this is the case expect total melt up pass 3041 to 3087 level following vast sell off. The reason for the following sell off will be public doubt about Feds policy and that the economic situation is far worse, hence Feds late to the party and trying to catch up with 50 basis pts cut. As per my...
Gold is playing to recent Fib levels on the 4HR. Waiting for Fed cut news to see where it goes. Personally feel the fed cut is priced in, a 25 point cut maybe pop and drop below current levels, but 1400 psychological support - and 50 would be a pop and hold at higher level IMO. At the moment if RSI gets above 70 looking at short, but any long am happy to sit out...
HOF2020-RBF2020 Our trade on this spread between Heating Oil Futures F20 and RBOB Gasoline Futures F20 has started. In 87% of the times this spread is profitable in the seasonal window. Our job is to find the best time both statistically and technically.
Results of our models' trading plans, published in the morning, are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts. THE GIST: Medium-Frequency Models: One short opened yesterday got stopped out, leading to +12.00 index points in gains. Aggressive, Intraday Models: Lead to -1.90 index...
Índice futuro num claro padrão lateral, negociando dentro de uma área de valor desde o dia 15/07/2019. Hoje, dia 18/07/2019, o contrato futuro abriu dentro da área de valor, não quebrando a área. Talvez a falta de uma definição mais clara com relação à reforma da previdência esteja segurando os investidores. Para o pregão de hoje, caso o cenário nacional e...
I picked a random futures chart and copper seemed to have a nice setup in process. Might actually take this trade. Red circle shows closes above last move down to make our low, signaling possible trend reversal. At this point we are now in the middle of the pullback and it looks like it might make the desired higher low. This is where I would get long and take...