ElGore18

ElGore18

Market profiles will show the amount of time the market has spent at a specific price level. I will do this based off 30min TPO's. One TPO block (or letter) will be places on the profile if a price if traded over during a 30min period of time. This can help to gauge aggression, or lack of, in the markets as well as price acceptance The following levels can be...

ElGore18

Possible long trade on Canadian dollar futures (short USDCAD, same setup upside down) 30min uptrend formed with 200 ema confirming trend direction Recent swing HH acting as support zone along with 61.8% fib retracement Volume profile POC closing higher for 4 consecutive days. Yesterdays volume profile closed with POC at the high of day and as a double...

ElGore18

Short position on USDJPY. Rejection off resistance level, possibly BoJ intervention around 15500, higher TF OBV bearish divergence

ElGore18

BTC retesting the top of a previously broken daily symmetrical triangle and is forming a falling wedge as it does. Long on breakout of falling wedge with initial target being MPO for wedge and second target being MPO for triangle

ElGore18

Possible long off trendline, support zone and fib retracement Breakout through counter trendline for entry

ElGore18

Main rules to consider when identifying a valid level of support ad resistance Must have: - 3 or more bounces - The last interaction must be a bounce - Must be more bounces than breaks

ElGore18

Area of interest (buy zone) at daily WTI trendline. Possible short position to trade into this zone on the back of: - Price rejecting channel line - Weekly profile closing as reversal b shape with POC at low of week - Entry on breakout through 30min symmetrical triangle and low of previous week

ElGore18

Possible long trade on Dax low volume recovery. 30min uptrend confirmed by 200EMA Volume profile POC closing above previous day and leaving low volume cave below. Market profile showing excess at previous days low and poor high. Potential for price to fill low volume cave with 2 x previous day high and fib retracement. Stop loss below cave, target at round...

ElGore18

RSI is a commonly used secondary indicator gauging market momentum. Providing signals such as Divergence and Buy/Sell signals. Can be used on any timeframe and also on trending or sideways markets. Always use in the direction of a major trend and only to provide confirmation to a primary setup.

ElGore18

Possibly 30min head and shoulder formation of GBPJPY, going inline with higher inflation prints from JPY creating increased pressure on BOJ for rate hikes

ElGore18

Range bound oil trade, rejection off range high with stochastics cross and divergence. Entry on breakout of symmetrical triangle

ElGore18

Price patterns are recurring formations on a chart that traders and analysts use to identify potential future price movements in financial markets. These patterns are formed as price pauses within a trending market and show increased pressure from the prevailing trend (continuation patterns) or a shift in power between buyers and sellers (reversal patterns).

ElGore18

Trade ideas following on from previous tutorial, using 4hr, 1hr 15min

ElGore18

Idea for a basic primary trade setup. Example timeframes: 4hr 1hr 15min Can be adjusted for hold period. Implementing: Support and Resistance Trendlines Channels Counter Trend Lines Candlestick patterns Price Patterns Ideas for entry points with different RRR and hit rates. Price example to follow

ElGore18

USDCAD long, hourly trendline with breakout through counter trend with thin volume left above from SVP

ElGore18

Rules for a valid level of support and resistance as well as how to increase the level of confirmation for a level.

ElGore18

Short USDCHF: - Bounce off 50% fib, trendline and resistance - Breakout through countertrend line

ElGore18

Falling wedge breakout at support with VWAP and fib also acting as support