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May 20, DXY & GBPUSD: Key Insights for the Week Ahead!Greetings, Traders! Welcome to an exciting and insightful video where we dive deep into the DXY and GBPUSD pairs. This week, both pairs have hit crucial junctures, making it the perfect time to analyze and adjust our trading strategies. We'll explore significant retracements and pinpoint key points of interest, providing you with a comprehensive outlook on potential price movements. What trading opportunities lie ahead? Let's uncover the strategies that could make this week profitable for you. April 29, Long-term Video Analysis (DXY & GBPUSD): March 15, SMT Divergence (Educational Lecture Explaining how to use it): Tomorrow's my birthday, happy trading, Traders! The_Architect
by The_Archi-tect
GBPUSD Trading Insights: Capitalizing on Bearish Opportunities!Dear Traders, On Friday, the GBPUSD experienced significant volatility, leading to a notable upward movement. This action resulted in the formation of a Low Resistance Liquidity Zone, indicating minimal resistance for price movement through this area. Additionally, the price left relatively equal lows, suggesting the presence of H4 Sell Stops. We anticipate the price to target this area, which aligns with the Daily Fair Value Gap (FVG), drawing liquidity in that direction. Currently, we are considering two scenarios for potential confirmation entries towards our objectives: H1 Bearish Order Block : We are at an H1 bearish order block, and a price sell-off from this point is possible if we receive the appropriate confirmation signals. H1 Buy Stops : Alternatively, the price may trigger the H1 Buy Stops. In this scenario, we expect smart money to take positions against these buy stops, creating selling opportunities. Confirmation entries will be considered if this occurs. Please stay tuned for our upcoming weekly video outlook on GBPUSD, where we will provide further insights and detailed analysis. Best regards, Kind Regards, The_Architect
Short
by The_Archi-tect
EURO (EURUSD, 6EM2024)... BULLISH!Bias is Bullish. Price traded through bearish PD Arrays, respecting bullish ones. Currently, price is in a +FVG, hence the bullish bias. Price is very close to the DOL, a swing high. Price may tap the +FVG more than once before heading higher. Expectations are for the DOL to be swept next week, as price grinds upward. Thank you for viewing! Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! May profits be upon you.
CME:6E1!Long
by RT_Money
SILVER (SILN2024, XAGUSD)... BULLISH BIAS!Bias is Bullish. The reaction to news and world events was enough where there was no need for the +FVG to be mitigated before the rally. Lots of momentum in that move. All HTFs are bullish. Although we selll above highs as a general rule Expectations are for the DOL to be reached over the next week or so, as price grinds higher. For buyers, wait for pullbacks into +FVGs on LTFs. Buying at the top of a rally is risky bisky. Thank you for viewing! Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! May profits be upon you.
COMEX_MINI:SIL1!Long
by RT_Money
S&P 500 (ESM2024)... BULLISH BIAS!Bias is Bullish. Price swept the External LQ, then went for the Internal LQ. Price swept the old high, but didn't displace through it. With the formation of a +FVG, and price pulling back to tag it Friday, we may see price trade through the new high. Ideally, price will form FVGs to give us clear indications as to its intentions. Thank you for viewing! Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! May profits be upon you.
CME_MINI:ES1!Long
by RT_Money
Week of May 19 - NDX/VIX/10y/OilNew record highs on indexes!! The DJI broker 40k, and CME_MINI:NQ1! itself broke to nATH as well. CBOT_MINI:YM1! never actually made a nATH, but cash DJ:DJI did - so I wan waiting for that to resolve itself. The good news is that CME_MINI:NQ1! has a really clean weekly chart here, so I will be focusing on that this week instead of the Dow. I think we are entering the final blow-off phase of the markets where we could see a final up leg that takes us vertical to 50k on the Dow, 7k on SPX, and 22k on NDX. That said - I still see Q4 as being super weak, but the market wants to go higher and it will get its wish with the VIX and bond market helping along - but I will cover that later. Nasdaq Last week, we made a nATH which is great. From HERE - I want to see a pullback on CME_MINI:NQ1! to around $18k. This is a weekly FVG as well as ~50% pullback from the ATH. This will also satisfy our ERL -> IRL move. Once we take that out, we can see a weekly Fib projection of 19.6k - and at that point I think they would just muscle this thing to 20k. VIX Our poor baby TVC:VIX - what have they done to you!? Friday was OPEX so I was expecting to see them pin price somewhere as they drained the VIX dry - and thats exactly what they did. VIX nLOY - and we almost swept the 2023 lows which is a 4 year low. The TRAP in all of this - is that I do NOT want to be looking for Longs with a VIX that is at multi-year lows. I want the VIX to pop to help pressure indexes for a normal pullback. The faster the pullback and the higher the VIX - the sooner we can get on with this final leg of a 40 year bull market. Bonds I have been watching the 10yr note really closely as it looks like rates are going to backtest higher before resuming lower. A slight backup in rates, along with a VIX pop, SHOULD give us the needed pressure on indexes to get a proper pullback to buy. The longer term picture is still much lower for rates from here as the economy continues to weaken. Stocks won't care WHY rates are dropping - at least not for a while. So long as we have a low-ish VIX, and bonds are bid - the indexes (especially tech) will FLY higher. Oil Oil FINALLY gave us some weekly context we can start leaning against. Oil is starting to march lower and this week was just the pullback into a weekly IRL level. From HERE, I want to see Oil continue to march lower on the weekly. This will continue to ease inflation - which will drop rates - which will bid bonds - which will allow indexes to FLY. Everything is starting to align for a final leg up in a parabolic - exactly what David Hunter has been talking about. So here is the setup I am watching for this week; I am looking for indexes to start a pullback this week led by NQ. Any pullback I expect to be fast and sharp - so that nobody can capitalize on it. Set your alerts - I am looking for ~ 18k on NQ1! I want to see the 10yr sweep the highs of last week, and then continue to march lower. This added pressure from the Bond market will weight on indexes. I want to see oil start a march lower from here. The next weekly target for me is down around 75.6 Until next week - We'll be watching.
CME_MINI:NQM2024Short
by Baero-Trading
Unlocking Opportunity: GBPUSD NY Session Sell Setup Unveiled!At present, GBP/USD is showing bearish momentum on the M15 timeframe. We anticipate that the price will target and fill the Daily Fair Value Gap (FVG), where sell stops are likely positioned. This is due to the smart money potentially using a retail pattern, such as the support zone, to engineer liquidity, which we expect the price to manipulate. There are currently two key regions where price resistance may occur as it moves towards our sell-side objective: the bearish FVG and the bearish order block on the M15 timeframe. I am awaiting a confirmation entry signal that will indicate a push towards the downside. For an in-depth understanding of my analysis on GBP/USD, please watch this video: Happy Trading, The_Architect
Short
by The_Archi-tect
DXY & GBPUSD: Addressing Inefficiencies 📉 | Friday OutlookGreetings Traders! Join me in today's video as we delve into an in-depth analysis of GBPUSD and DXY, exploring key expectations for today's trading session and summarizing this week's trends. This analysis is crucial as it sets the tone for next week's trading as well. We've reached a critical juncture on both the DXY and GBPUSD charts, making it essential to understand what lies ahead. What do you think will be the major market mover going into next week? Stay tuned for valuable insights, and don't hesitate to leave any questions or comments in the section below. Happy Trading, The_Architect
by The_Archi-tect
Trading GBPUSD | Judas Swing Strategy 13/05/2024 At 8:25 AM EST, we got to our trading desk and started the day doing the basics on our Judas Swing strategy checklist which includes: - Making sure the timezone is set to New York time - Making sure we're on the 5 min timeframe - Marking the trading period from 00:00 - 08:30 - Marking the high and low of the zone Next, we patiently awaited price action to take the liquidity positioned on either side of the trading zone, providing us with a directional bias for the trading period. In this instance, liquidity was taken at the highs after 10 minutes, signaling our focus would be on identifying potential selling opportunities. To avoid getting trapped, we waited for price to create a Break of Structure (BOS) to the opposite side (sell side) to indicate selling. Subsequently, our focus shifted to identifying the initial Fair Value Gap within the displacement leg that broke structure. Next, we waited for price to retrace, filling or touching the created Fair Value Gap (FVG), and only executed our trade once the candle that touched or entered the FVG had closed. In this case, the subsequent candle that formed was a bullish one, closing within the Fair Value Gap. Our stop loss is set above the high that formed the Break of Structure (BoS) leg, with a minimum requirement of 10 pips. In this instance, placing the stop loss above the high would result in only 7 pips, necessitating an increase to meet the 10-pip minimum. This rule was established not by chance, but through extensive backtesting of numerous trades, demonstrating how it prevents us from being stopped out before price moves in our favor. After executing our trade, we experienced a significant drawdown that nearly reached our stop-loss level, only for the price to eventually reverse in our favor. Had we set a 7 pip stop, we would have been stopped out; however, our rule of a minimum 10 pip stop saved us from that outcome. Although the price reversed again and entered a drawdown, we remained unfazed by this reversal due to our cautious risk management strategy. We had committed just 1% of our capital to this trade, with the prospect of a 2% return. We maintained confidence in our strategy, given its extensive backtesting, which has demonstrated a win rate of 52% on GBPUSD trades. The GBPUSD pair then consolidated around our entry point, prolonging our involvement in this trade. However, based on our collected data, we anticipated an average position duration of 6 hours and 35 minutes, which could extend to 2x-3x longer for the trade. Patience is crucial in trading, as it often places you in challenging situations We patiently waited, and our persistence paid off when our target was finally reached, securing a 2% gain on the trade where we had risked 1%
by CleoFinance