So I am yet again short at 4180. I've made my weekly goal at this point, and if things rally again back up to 4160 I'll likely just cash out, take my weekly HKEX:2500 quota, and sit out this week. However, trends are beginning to show that dip backwards, even if currently it is only the lower timeframes of the 30m and 1hr. We got lower highs and lower lows off...
So after sitting out yesterday, I am short yet again today at 4180. I am looking for some continued downward movement now that we are developing some downtrends, and then I expect the potential of a brief bounce back up. If this is the end of this rally, basically I want to see a good 60 points drop, a 30 point rebound, and then another move back to meet new...
So I ended up jumping out yesterday as the price went up to 4160 for only a 750 gain. I had said my long position was to go in to any appearance that yet another buy the dip mentality surfaced, but I ended up not taking that trade and have no open position at the moment. Heading into today, the issue I see is we are mostly maxed out, yet again, to the uptrends....
So I am short at 4175, still grasping on to the market losing its footing at this level and falling back towards 4000. Friday's dip though was immediately gobbled up and we ended up at basically break even overall on the day. So we shall see. The trends have allowed us some wiggle room to move upward, although we wouldn't be able to get too much higher before we...
So I sat out all of the last two days. I wanted to see some of this rally falter, it did, but then I decided I would wait another day to see how the market reacted, and we end up skyrocketing on low volume yet again. The movement up did give us a Daily Uptrend on the ESM contract, instead of just the ES! overlay. I decided to mark that location since so far the...
So I cashed out my Long yesterday at 4150. Took it as a bonus that I made my weekly goal already. Due to that, I will be sitting out going into the CPI data. Volume remains ultra low, prices remain fairly stagnant, and trends still seem to be maxed out at least calling for some downward movement. I'm attempting to remain open minded to a long position, even...
So, while I'm actually Long at the moment from 4120, I still see the market heading south here shortly. I think the lack of volume has caused a delay in the corrective action I'm looking for. I took the Long based on my "Long Position" from yesterday, where I reversed my short into a Long to see if I can skim off the top. I still have numerous indicators and...
So I am back in short yet again at 4140, and again expect a movement down to a 6hr downtrend to correct the 6hr violation that occurred. Once we get to that point, I'll evaluate how the move is going to see if I think we will continue to break lower, hold in that area, or the rally will bounce and return. I have a side trade going on the 6E again. Perhaps my...
Forex trading can be a challenging and complex activity. As a result, many traders struggle to find a strategy that works for them and often lose money. One important aspect of successful forex trading is multiple timeframe analysis. This post will discuss how to perform multiple timeframe analyses in the forex market and how it can help if you're struggling with...
So I went Long yesterday like I said I would at 4101 (3/4hr downtrends), and then ultimately reversed the position at 4122 (1hr Uptrend). I'm currently holding that trade and looking for it to make a move down to the 6hr downtrend at least. The S&P has really left me underwhelmed this week, and I'd like to try and make a bit more profit from it if possible as...
So we got some initial down movement yesterday that finally challenged this massive upward movements on low volume the last few days. This provided a 30m/1hr/2hr downtrend. I'd expect the price action to recover briefly from here even if we are heading lower. It should be noted that yesterday's down movement was high in volume either. JOLTs data came in below...
So I move it during the video to show the decline in upward trajectory, but the Daily Uptrend has signaled, still a higher high, though less upward movement. The caveat to that is that the ES! contract got the Daily, NOT the ESM. However, the ESM doesn't have a previous Daily Uptrend connection to go off of, because it doesn't have the history to draw from (just...
This morning I took a short in the USDCHF, mainly because the pullback did not give us a trend changing pattern information. More details in the video. Enjoy!
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Amazon stock just recently retested and already rejected a quite strong previous weekly support zone at the $85 area which was turned strong support once again. You can also see that from a weekly perspective we do have the possibility...
So I am finally back into the S&P, and short at 4090. We got the 12hr uptrend I wanted, which was just barely a higher high and gives us room to head down and get a new lower low if the market wants to take a dive over the next few months. Lots of commodity prices are rising, bond yields are going up, the value of the dollar is beginning to gain strength, volume...
So, the low volume continues to plague these movements. Most of the movements have been in premarket trading now also. I think another day of sit and wait is in order for me. We've gotten the 3hr/4hr/6hr uptrends. The 6hr was a lower high and was immediately violated with no hesitation. The 3hr and 4hr were higher highs, which we also pushed past. With the...
Here the market has broken the trendline and moving down. Which means it has loss the up trend zone going go downtrend so the sell setup is now activate and ready to go short on 4hr timetrame setting stoploss below the support. Use good money management
So I may stay out of the ES a bit more today. My ES! analysis says we are prime for a movement down, however, my ESM contract says that we are beginning to fail that down movement and could see a bit more upside. I don't like the divergence, and don't remember a time they were this bad, so I have browsed over to other areas to trade. On the ESM it is clear that...