MY TA on this supports Upside to Gold = CONFLUENCE (not speculation) 1.Can see a clear long term down trend - until this changes CANNOT SHORT GOLD 2. Just now passed 78 - its going to drop much more 3. 103 is a highly important area and PIVOT to understand medium term Markey Direction 4. Equities will be bullish as will Gold based on what DXY is doing 5.Good...
I use pure price action analysis with patterns on higher time frame and scale in for entries no indicators. 1. inverse head and shoulder formed Daily 2. 38 Fib retrace already done from ATH @ 1931 which landed above the 50 DMA = Bull Trend still intact (not bearish it was a correction from ATH. 3. see my current Fib extensions re targets 4. DXY is clearly...
Hello Traders. I'm still looking for that 'mind the upside gap' linked to my previous post. Yes we tanked but this was a gift in my view for the reasons already stated. Timing is key DO not jump on this idea blindly.. you have to apply your own entry rules as to what you want to see FIRST before you pull the trigger. Beware 130pm data is out that can drive it...
Based on weekly profile.. I see a rotational test to an area of interest .. MIND THE UPSIDE GAP it is viewable on US500 and QQQ DO NOT JUMP ON THE SHORT could be a MASSIVE UPSIDE SQUEEZE building here before clear direction is set. ''Retail" are shorting based on Fed speakers sniffing at more than .25 rate hike have you considered it's all just a load of...
Hello hope your are all well.. My Vix update.. I expect a drop.. do you see what I see?? I think you can .. This means Futures will rise FIRST before telling us what will happen re Inflation fears. The VIX don't lie!
Hello my followers I hope you are all well. Not posted for a while. Let's kick off with some serious trading psychology to help you in understanding my analysis. youtu.be "Empty your mind. Be formless, shapeless, like water.. when you put water in a cup it becomes the cup.. when you put it in a bottle it becomes the bottle.. you put water in a teapot it becomes...
Hello Traders, How are you today? Market has been shifting around a lot kick starting this year! Equities Sentiment: Greedy Order Flow: Positive but plenty of divergence is seen Earnings reports season kicking in showing reasonable resilience, but weakness is expected to show YoY. Inflation set to fall. Fed rate for Feb expected to rise further but less...
Hello traders, hope you grabbed the 600 pips on NAS!! What a GIFT you all received and yes I called it out see previous posts. Time to start considering short term SHORT the NAS because now everybody will go nuts longing .. it's all priced in now you see. Remember too many longs it drops, too many shorts it rises? VIX tell us it is about to REBOUND this is the...
Welcome to 2023 my followers.. if you like my analysis please do comment and share to educate. Nas has been in consolidation viewable on higher time frame and has approached a main so-called trend line. It is building a TRAP!! Media everybody want it to rise and hopium is high but the VIX dont lie?!! My bias at moment is still 'tentatively ' long. Yep you...
Last post for 2022! Here are the key levels I see based on volume.
Hi Traders, Education script here.. So what is your edge against the big boys? Do you have to have an edge? Answer: You do need one, which is why there is such a very high risk of loosing. When you win you think you have the magic strategy right? For all new traders I suggest you learn about yourself first what type of trader are you? I swing or intraday as...
Composite volume profiles, it's time for retrace? Lets see!
Please refer to last weeks post. Market has shown its hand, I seen enough strength in daily volume profiles supporting my composites zones. Will it RIP to the upside next week and into the new year? There is a much higher probability on the facts I have seen. FEAR not only has crept in - but now I see it!! Keep SL's tight its gonna get crazy! Nuf said peace out!
Since my last analysis.. (see watcha gonna do... last week) the market has clearly told us what it wants to do... look at how the week has closed = BEARISH I took the entry and added more shorts along the way as I saw more and more evidence of the answer to my question. I have shown you RR and TP target. If you havn't entered yet, Monday (tomorrow) will...
youtu.be We use the VIX as FEAR gauge. This is a very important market to use in order to know how the big boys feel NOW and if trending.. for the FUTURE. See my previous post = 'I smelt FEAR creeping in'! Daily profile on actual ORDERS (the facts) closed 3 days in a row above the VWAP (also based on real order data - no BS) AND we have bounced from a tripple...
Swingtrader Perspective. Nas100 Context: Monday tank purely on China news re covid lockdowns right? Today a bit more draw.. and its still going. I had shorted since the week prior having witnessed enough evidence of rejection at key level in a Macro Bear trend (regardless of all the hype - just let the price facts tell you the truth). Issue: Tomorrow is HIGH CPI...
NEWS WEEK! youtu.be We don't know but we have to be READY both sides. Key Levels set out for you based on composite profile on weekly. Trade what you see and be AWARE BIG MOVES INCOMMING!! VERTICAL whites are the precise times of the BIG NEWS to SHAKE IT OFF! youtu.be Tues 13TH DEC 1330 UK TIME Weds 14TH DEC 1900 UK TIME Enjoy! Peace!!
This a continuation and update to previous analysis. Still on for my 600 odd pips SHORT idea? Still not too late! "Woo-hoo big winter SELL blow out!" (a line from Frozen!) This is the beauty of Swing Trade Ideas which are best achieved in a market that is most liquid and volatile. I have a twist for you here but it's good news it TIME to grab some shorts on an...