The Canadian housing market is in trouble while the US economy overall still shows strength. The american consumer can withstand more insterest rate hikes that are necessary now to tame inflation. Canadian Consumers are not as resilient and the housing market has too many holes.
Covering my thoughts on EURUSD AT THE CURRENT STATE. Currently this is out of my time zone to trade so I am not taking this trade. Waiting for another setup on NY session.
What's going on everyone :) I hope you have a fantastic week and are ready to crush the markets!
A Very nice setup presented itself during London Open. Most people trading AUDUSD seem to be short right now so this trade was ripe for picking. My expectation was that London Open would be making the low of the day and it would follow through for the rest of the session and continue moving higher in NY. My expectations were correct and we were able to see a...
Low risk, high reward. Not risking a full 1% on this trade. Only 0.5%. I will move it to breakeven shortly.
Enjoy todays market breakdown! It is Feb 25 London Session. We have had some wild moves in the markets and I have caught some nice short term plays. I hope you have been profiting well :) Love Dilpreet
Because I am already positioned with enough risk, I will not be entering this till it shows clear signs of reversal. The good old pump and dump.
It is nearing the end of the month.. and if you remember, I gave you some helpful words. At the start of the year, I said wait. Be Patient. The end of January will come and the swings will show themselves. And I think the time may be soon to come. The way the technical are lining up, it's looking good for trading.. but not good for the world. I'm either going...
Let's sweep yesterdays asia low and then Id like to see a reversal :) Like i said in my post earlier, I'm either really wrong or im right.
They say buy low, and sell high, right? So why should we sell here? I'm in profits already this week and to end it I will take a bit of an aggressive play. You gotta risk it for the biscuit :)
People have been asking for more examples of the 4 step setup. Here are some examples using range, initiation, mitigation, continuation. Just continue to take the same setup over and over again!!!
What's going on traders This is what I will be looking at for DXY going into London Session. I would really like to see a sweep of liquidity of the highs and some kind of reversal, however, I know that momentum is currently very bullish these last few and it would be ideal to see that continue. Let's see what the market provides for us!
What's going on everyone Here is my view of the market for the week of Jan 16 2022. I am going to be patient to start the week and see how things setup for us before looking to get aggressive. This is similar to the routine most weeks for me :) Mondays and Fridays are usually the slowest days for me in the sense that I am no rush to get into trades in these...
This was a nice asia range sweep setup on dxy and usdchf. We had the asia range form, and price sweep in London to set up orders and then stack in during NY. The price delivery was beautiful. Let me know if you trade asia sweeps?
Whatsup Family. This is what I am looking at the markets for to start the week. I really do think the momentum will really be kicking in the last week of January when the next FOMC meeting will be held. Goodluck :)
Whatsup Family You don't necessarily need multi timeframe analysis to succeed. In this video I will show you how you can use just the 1 hour timeframe to view the market. Candlestick patterns Order Flow Time & Price Mitigations Order Blocks Smart Money Concepts Chart Patterns Support and Resistance Supply and Demand
Hello Everyone, I will keep this short and sweet It is NFP week so we always need to take that into consideration We also had FOMC minutes released today which reversed the market but it was no surprise as we were sitting in discounted pricing. Keep smashing!
Are you a crypto holder? I have a feeling the start of the year will be painful for you. Long term, btcusd will continue to go up.. I have no doubt about it.. However, I expect us to take the low of that huge wick. Dip buyers beware