So after sitting back and being less annoyed with the market and doing a proper analysis, I see that I think this level is coming in as a pivotal point in our next move. The 1hr/2hr are both showing higher highs and lower lows for the previous trends. The 3hr has a lower high and lower low but was violated already. If the 4hr hits it too will have a higher high...
So with the 6hr and 12hr both being a higher low, I'd expect at this point for us to at least head up and catch the 1hr violated trend. We've already hit the 30m (lower high) this morning. The 1hr is going to be a tricky trend, as the last uptrend we had was actually low at 4107, so there is the potential it will be a higher high and therefore not provide much...
So while I didn't get my first entry at 4160, I ended up entering back in where I left off at 4125. Sucks to lose out on that almost $2000, but that is the way of risk management. My key level to watch is where/if this 12hr bar finalizes by 13:00 EST. The last 12hr downtrend was 4060. So if I want to continue following through with this trade, I'd like to see...
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So with the close of yesterday, we have the 30m/1hr downtrends being higher lows and being violated significantly. We then got the 2hr/3hr/4hr all as lower lows. The 6hr was in lower low territory for a while, but just before it closed out that bar, we rallied briefly to give us a slight higher low downtrend signal there. So basically, we have the 30m/1hr/6hr vs...
So we spiked up briefly but then got the 30m downtrend yesterday just below where we started. While it is only one trend, and we've managed to keep below the trendline associated with it, the move lessens the promise of an easy and safe entry point at 4185, as the 30m could attempt to move the market up on it's own. I'll most likely put a profit stop now on the...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Here is a detailed update top-down analysis for XAUUSD. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
So with the 6hr uptrend hitting on the major upward move that ended the week, we are maxed out on uptrends yet again. I'd expect at least a brief sell off to get a 30m downtrend, in which I'll be able to set a profit stop and go from there. Earnings season never seems to disappoint in that it drives the market up regardless of other macroeconomic conditions that...
So I was away from my computer and basically just managed a trade via phone and had no way to make an update for yesterday. My analysis was basically close to the same sentiment I had from Wednesday, which was that we had violated too many trends and were going to see a brief rally. From that rally, we now have several trends that when they went uptrend, are...
Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Welcome back! Let me know your thoughts in the comments! ** CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Welcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Welcome back! Let me know your thoughts in the comments! ** GBPAUD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
So I cashed out when we struck the 12hr trendline around 4095 yesterday. With the way the trends are looking I think I'm likely to just sit out for today and let the market play itself out. While I was stopped out and lost nearly half of the surge I gathered in the 6E, between the few hundred on that and the money made on the S&P I've more than surpassed my weekly...
So I'm currently running two shorts, one on the ES! and one on the 6E. I attempted both a Long and Short yesterday, and both were profit stopped for $100, so after only making HKEX:200 yesterday, I waited until the close and then went short on the market into today, ready to bail if the S&P decides to shake off the movement down... again... and rally into the...
Welcome back! Let me know your thoughts in the comments! ** USDCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Welcome back! Let me know your thoughts in the comments! ** EURJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Here is a detailed update top-down analysis for AUDCAD . Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich