Tuesday was choppy but after 10:10am price started falling as projected. Price formed an ascending channel on the 5 Min TF, PRICE faked out and then dropped. Anticipating a drop I entered once price rejected going above the horizontal arrows! Happy Tuesday Traders!
Sunday projection was wrong but being confident to change me bias quickly awarded some great outcomes. I love keeping it simple and trading with an edge. XU SUNDAY AND MONDAY BANGERS!
Sunday GU fell like no ones business and kept falling. We were retesting some previous monthly lows so the drop was expected. Placed some trades on 8/28 entering after a break of rejection (1.17330) exiting at a period of consolidation or correction (1.16760) Priced corrected during London session, having my analysis from Sunday gave me an edge for NeW yOrK...
I have to say Sunday's still surprise me. Got to love having an edge over the market! Practice doesn't make perfect, it makes improvement. Happy Trading Week Traders!
I have to say Sunday's still surprise me. Got to love having an edge over the market! Practice doesn't make perfect, it makes improvement. Happy Trading Week Traders!
Gotta love sundays! I definitely didn't hold and left a lot of money on the table but my happy with these outcomes !! I mean BEARISH or what ?
My hypothesis for GU is neutral currently. Price had some rejection at 1.17335 giving a possible indication of bearish movement. Sitting on my hands until further notice.
Price violated weekly and monthly lows but was unable to clearly close below those important lows. Helping me to establish a clear hypothesis of where price could possibly be going next. There is data that shows price wanting to move in a bullish direction, ending the month of august with a bullish outcome. there a couple of possibilities to look for during...
Good morning Traders ! (SCALP) Starting with Top Down analysis : XU had been respecting weekly support whilst printing lower lows = Giving me bearish sentiment for the trading period. Daily TF: To further back my hypothesis of XU being bearish for the moment, price had failed to close above 1771.00 a previous swing high. 5 min: I place Direction Bias...
Analyzing Gold before NYSE open. Price was rejecting 1765.00, giving an indication that the bears were going to be pushing price down. 1765.00 was rejected 5 times that would have been enough probable cause to look for shorts on XU. Bearish shooting star on the 5 min TF confirmed my bias for shorting XU also a Three Inside Down candlestick pattern (5MIN TF) ...
XU.....gotta love sundazes. Price did 1 of 3 things as projected. anticipating a bullish move going into Monday would be HIGHly probable. Have a great night/morning Traders!
Gold is respecting support on the daily chart. If price falls and closes below 1745.50 - Short opportunities if price climbs and closes above 1747.15 = Long opportunities Lets Keep It Simple Ladies and Gents Happy Trading Week ! Great evening to all !
I wasn't expecting a big move today. price fell below DBA's giving an indication that price was going to drop. 15 Min trendline that price came back up to retest; it failed to close above it. (My confluence that price indeed was falling). Entry 1769.80 SL: 1769.90 Exit: 1763.45
Entry: 1773.70 SL 1774.57 Price failed to to close above previous highs looking left at 1774.25 Price was in an upward channel indicative of a possible bearish break out and break of structure. The directional bias zones were my confluence of taking a short position on XAUUUSD RR 14:1 DO you have your edge over the market?
Price closing below 1775.25 gives me the indication that bears are in control of the market at the present moment, and possibly into the London and New York trading sessions. I project price continuing in a bearish direction following or subsequent to the bearish pennant forming on the 1HR timeframe. Lets see how this plays out!
Nas was setting up for a great trading opportunity on both sides which is very rare to say the least. There were many confluences to have assisted with indication of buying and selling pressure for the day. Confluence #1: Triple Top pattern, Price closing below 13361.00 on lower TF, Price closing below the directional bias arrow of 13651.00 Short 7:1 Short...
Price seemed to be exhausting, failing to make a close above 1782.80. A great indication that price would be reversing. My confluences to enter the trade: Prices closing below resistance zone at 1782.15. Spinning top at the top of the trend on the 5 min TF, followed by a bearish engulfing candle. My last confluence to indicate a great short position is price...
Good morning traders! There was a probable long position holding to 1785.20, once price enters and closes within the 1775.00 range Looking left I seen price creating higher low's indicating a change in direction. With a lot of indecision about price continuing in a bearish direction. This was a quick scalp one candle trade with a RR OF 7:1