NFP number created some downward movement even though it was a good number. We reached 3000 and may have some temporary resistance because everyone is looking at that number, but I will continue to be long until the market starts accepting prices lower. Are we stretched here? Sure Is it possible that we have a down day? Sure All of this is speculation though...
Context Analisys for E-mini S&P500 Key aspects for Analysis 1. Auction market theory 2. S/R Zones 3. Trade location 4. Volume Profile 5. Volatility
Análise de contexto visando horizonte de Swing Trade para a paridade USD.CAD Em destaque as zonas de suporte e resistência que caracterizam regiões de rejeição de preço e/ou de referência que, se atingidas pelo mercado, podem representar boas oportunidades de compra ou também serem usadas como referência para definição de targets e stops.
Not a whole lot to say that's not obvious on this chart. I just want to point out that getting in on a level like this, we expect a CHANGE IN STATE, from coiling range to explosion (up OR down). Part of the issue is to identify the right times to get in, when explosive moves are going to happen and THEN get in on the right entries. Two separate skills.
See chart notes for why we're still in a Bearish shape and why I'm not looking for an entry anymore. Yes, retests are nice areas to get in. No, I don't care for wide stops nor do I have the patience to sit through vague ideas finding clarity. We could easily come back down to the pink zone and then bounce back up. D1 is hugely important for healthy analysis....
Tradingview won't let me post the timeframes I'd like to, so please do check out the 5m for a beautiful picture of the breakout failure @ A and the subsequent recovery + breakout @ B soon after. Hit me up with any questions.
Update to a previous post I made about the CL level breakdown. Bias remains short until proven otherwise. Flat, no clear entries for me until tomorrow morning when we look at premarket price action and range. Yesterday's trade posted to twitter. 11.25R despite mismanaging the hell out of it. It's imperative you learn to take wholesale entries, understand...
See chart for relevant explanation. These two levels offer clear markers we can use for context relative to the D1 wedge berak. The eventual break of A looks great in hindsight, but wasn't a great breakout setup. B provided a much stronger story, and exactly the sort of price action we're looking for ahead of a breakout. I'm borrowing directly from Bob...
See chart for relevant explanation. These two levels offer clear markers we can use for context relative to the D1 wedge break. The eventual break of A looks great in hindsight, but wasn't a great breakout setup. B provided a much stronger story, and exactly the sort of price action we're looking for ahead of a break. I'm borrowing directly from Bob Volman,...
DXY Dollar Index The dollar has been been on a tearaway move ever since breaking its longer term downtrend at the 90.42 level. By 'tearaway' in DXY terms that means 2%. Huge ! Over 11 calendar days or so. The same as Bitcoin moves in 45 minutes. This is as exciting as DXY gets. And people seriously trade this for a living. Some have to but in a world of...
Real Trading Hours used to matter, but when all are short and machines can run in the overnight sessions which now dominate this market in reality. IT is what it is! Don't overthink or overtrade a thin man market with low volumes. Today is the lowest volume of the week by the way! And its Quad Expiration tomorrow!! Ha ESZ7
The Chart is mostly self explanatory. Here are the very important things to watch: Swings and Pivots are CLEAR identifiable. But one has to keep both in context. When it rains, it can rain drop by drop, or it can pour like hell. You can drive a care, or you can race with your car. ...see what I mean? It's all about context. To eliminate guesswork in the...
Too many information on charts. What's a trader to do? Put context around it to filter and see the important stuff. Price got rejected at the upper U-MLH (!) Here we are again. Another rejection will shoot price down to the centerline again (...maybe). If price can manage to crawl up to the orange line - I call this the 1-Line-Trade - I looking for signals to...