Hello traders. Happy Friday. I am currently in a scalp buy from $2379.23. Watching the 2382.00 area, which we need to stay above for me to be confident in this trade continuing up. Saying that, I have secured profit at 40 pips or so, and as of this writing, I am only 35 pips or so in profit. My Stop Loss is now at my entry point after securing 50% of the...
Helllo traders. Currently on the 4 hour chart, I am watching the $2383 / $2381 area and I am watching the $2390 area. Looking for a break and close above or below these areas to catch a good scalp trade on the retest if we get one. This is just speculation and some trade set ups I am looking at. Always do your own research before taking any trade. I trade...
Hello traders. Well we are at my area where I am looking for bitcoin to start the move up. Unless we break and close below $60,600 on a daily or weekly chart, I am looking for Bitcoin to start the slow grind up. Let's see how things play out. And if I am wrong, and we do dip down, or stay in bearish momentum for a bit longer, I will just buy the dips. Big G...
Hello traders. As of this writing I am exactly 300 pips in profit for this trade. 2nd trade of the day. First one was 140 pips or so, also documented in another post. Big G gets all my thanks. This is still my 25% runner running. I had secured 75% of this trade's profit earlier, and my SL is above my entry point, so zero loss, all profit.... 2 trades. ...
Hello traders. Kaboom is all i can say.. Very thankful. $2361 was my buy area. Secured 75% of the trade's profit at 120 pips or so.. Stop Loss is at my entry point ( break even ), and a runner is running. Let's see what happens at the 2380 and if we push way up the 2400 area. News was not good for the US dollar. Let's see how Biden and the Feds spin this to...
Hello traders. Happy Wednesday. We have news here in the US in just a few minutes. I can see buys and sells. Personally I am looking for a push up towards 2400, but that is speculation and not based on the news or price action. Let's see how things play out. Big G gets all my thanks e everyday. Be well and trade the trend. I will update in a bit after the...
Hello traders. We have news in a few minutes. If 2348 / 2350 holds as resistance, we should see a push down. Scalp buys from 2345 were valid although I am in no trades currently. Let's see how the next hour plays out. Trade carefully. Potential push down as the US dollar is manipulated and that is all I can say. Happy Tuesday. Shout out to Big G. Be well...
Hello traders. Taking a look at the hourly chart, I have marked where I sold from last night...I am up 143 pips thus far.. Securing profit as of this writing, moving my SL to my entry point and leaving a runner running. Very thankful to Big G. Let's see how things play out over the next few hours. NY volume could correct this move down, or continue the bearish...
Hello traders. I am off the charts today but I wanted to post and show that we are still in my area of interest for potential scalp buys and or sells. If 2305 holds as support, we may see a push up towards 2315 area. On the other side, if we break and close , on the 4 hour, below the marked area of interest, we can see a push down. Personally I am looking for a...
Hello traders. Looking at the hourly chart I have marked my area of interest. Waiting for a break out in either direction. We have news tomorrow and Friday so lets see what today brings. I am not trying to force or rush a trade. Pre NY volume starts in a few hours. I will update as we get into the trading day. Big G gets all my thanks.
Hello traders. So here is where I am at with Bitcoin. The month after almost every halving is usually bullish. Saying that, I am looking for $60,600 to hold as support for Bitcoin to start the move up. I am bullish, and I am looking for Bitcoin to hit $90k or better before the month of May 2024 is over. I have consistently bought any dip of 10% or more. So...
Hello traders. I missed the push down, but I took a Buy at 2313.02. So far so good. Waiting to see what gold does at the 2321 area. Big G gets all my thanks. Happy Tuesday.
Hello traders. I wanted to post a chart before I crashed for the night. So, for me, this 4 hour chart says alot. It is early in the trading week, and gold is carving out its paths in both directions. For now I am waiting for a break out of the current range marked on thhe chart. Lower time frame confirmation is always a must as well as other conditions to be...
Hello traders. I took minimal trades last week. I am watching the opening and how the overnight sessions go . I can see potential scalp sells and buys. Lower time frame confirmation is a must, and conditions must be met for me to take a trade. $2300 / $2298 is the area to watch as well, if it holds, we can push up to retest the 2310 / 2315 area. This is...
Hello traders. I am looking for a good entry for potential Sells. Saying that, if 2302 area can hold as resistance, then I would look for a Sell at athe 2300 area. SL is 2310 area and my take profit would be 2385 or a touch lower. This is just speculation and a trade set up idea... Trade at your own risk. Gold is at the mercy of the US dollar, which is...
Hello traders. I am waiting patiently to see what gold does today. I have marked my areas of interest for scalp buys and sells. If the daily bottom of the yesterday's candle body holds as support we can push up, otherwise we will have to wait for confirmation with a break and close below said area and I would look for the sells after a break and retest. This...
Hello traders. Fed has gold and crypot markets dropping a bit. Buy for me if 2305 area holds as support. Clean, safer buys above 2340. I have marked the area of interest for scalp sells and buys. Let's see how things play out. Big G gets all my thanks. Happy Wednesday. Whoever got the buy in at 2390 area did well.. I took no trades today. Thanks so much.
Hello traders. I wanted to do a follow up post pertaining to the weekly outlook. So we did break and close below the 60,300 area, and we see more downside. Now the question is how far will we go down? First, let me say that we have several more weeks and up to the next 4 months of this sideways movement. The longer and deeper the retrace, the better the long...