S&P 500 recovery has been fair. In sequence ESH2018 made a bottom on 2/05/18, this low was 2529.00. Yet price climbed back to close the day at 2684.50. Then on 2/09 the low was retested to 2530. Again price retraced 50% of the move to close at 2621.
S&P proceeded to move higher off these lows with strength. Closing higher on daily time frames throughout the end...
Daily chart shows a lower low formed Wednesday with direct rejection of the low Thursday and Friday. Since we closed the week far from that low this is still a certified uptrend that is consolidating at major overhead support (1.25000.)
Appears to me the market needed to clear out all longs before moving higher. To do this, we needed to move intraweek below that...
Hello folks! Check out these color coded Fib levels.
The right chart is 1 hour, looking into the details of next week. Dark green ray lines are Thursdays High and Low. Orange ray lines are Fridays High Low.
The daily chart on the left shows the light blue and orange Fibonacci retracement levels.
The light blue is from a partial swing low to a major swing high....
I have been short gold for a few weeks now based on my personal (see attached.) Price has ripped up harshly but that isn't stopping me. Unless we poke above that high I am still short.
Stop at 1366.6
Entry: Sell -2 @1343.4
T1: sell 1 contract at 1320.2
T2: Sell 1 contract at 1297.0 to close out position
I apologize to post historical data and claim my entries. I take these crypto trades on the fly via mobile and its impossible for me to post the idea appropriately.
On this trade I did well. Notice the daily stochastic, 4 hour RSI and price action supported another push up to the high. But I did made one foolish mistake that cost me. I did not set a limit sell...
Last week was not good as I was on the wrong side of USD plain and simple.
On Friday - two weeks ago I opened a short position on EURUSD during what I considered a counter trend pullback. Unfortunately EURUSD decided to resume trend and run higher Monday through Thursday. Stoploss taken (see attached.)
By Thursday I was confident I had gotten my head on straight...
Hello everyone.
Looks like EURUSD is going to form a temporary bottom here and break higher in attempt to confuse as many traders as possible.
However on 4 hour the downtrend is well established.
Fib is on DAILY chart. Precisely ran from the low of 1.15536 created on 11/07/2017.
to the high of 1.25378 put in on 01/25/2018.
Entry area is general. I will need...
Hello everyone. My name is Virginia TElphee and today I’m going to explain to you my thoughts on USD that will help us better navigate ALL forex markets in the coming months. Please note these are just my opinions and should not be considered investment advice.
Looking at this Daily candlestick chart of USD index – ticker symbol DXY a few general observations are...
This market has been in a solid up trending channel since August 2017. Recently price has broken out of the channel and closed the week below showing solid signs of weakness.
These formations almost always show confirmation before playing out. A push up here would serve to stop out all traders who shorted prematurely and allow us to get the best entry...
4 hour bar setup up. Choose not to take original entry. Waiting for strategic hopefully federal reserve will get us in.
Strategic entry- 1.23830
Stop at 1.23342
T1 1.24318
T2 1.24806
Setup valid 24 hours. I'm only posting to document this setup. Risk no more than 2%.
If you found this analysis useful or thoughtful Likes/Comments/Follows are much...
Setup bar on 4 hour H 1342.9. Low 1341.0
Aggressive Short 1341.0
Strategic short 1342.9
Stop above the recent lowest high 1348.6
T1 1333.4
T2 1325.8
If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated!
Disclaimer: Oanda data shown. Material is educational only. Trade at your own risk!
Gold is forming a double top that looks awesome! GC has a historical pattern of double topping, particularly at these levels not only by the first top shown but other reversals throughout history. Notice the gaps approaching the high and the gap after the high. Both are almost identical in price and structure.
I will be getting short Gold and have laid out two...
Traders. Take a look at this Monthly chart on the left and Daily chart on the right. The purple Fibonacci levels are substantial and represent psychological pullback levels that will act as support if EURUSD decides to test the quality of the trend. This Fibonacci sequence is ran from the high in 2014 to the low found at the beginning of 2015.
EURUSD is in the...
USDJPY has always been very good to me dare I say. November 2017 my followers and I captured a picture perfect sell signal and that same area continues to be a profitable selling zone.
USDJPY had many reasons for this down move. It's unfortunate I did not short on 1/8/18. I have been solely studying EURUSD. I do feel its a missed trade but I am NOT entering out...
Evening traders.
Crude oil appears to present the best pattern for swing trades on this 4 hour chart. Like EUR/USD and DXY, they are at the end of 5 wave impulse pattern. Next step is to complete a three wave correction which should take us between wave 3 and wave 4.
That being said I'd really like to see price push back up to the strategic entry labeled on the...
On 1/4/18 Jeff Sessions tells federal judges they have the authority of the federal government to prosecute marijuana growers and researchers thus revoking Obama's peace clause. All marijuana related companies were slashed in half that Friday so I browsed the scene after the close to see if any charts looked promising. Lone and behold I found this stock hiding in...
Markets move in the correct direction with as few traders as possible. Knowing that BTC is going to trade as irrationally as possible. Price is expected to retest the lows. Reversals anticipated.
This bull flag looks way to obvious. Usually when formations look this good markets become as painful as possible. I expect price will flush out traders before moving...
