GC is moving in direction of my trade. I will take at least half profit at where my target zone is. I have tightening my stop to my entry now. So this now be like a free trade. Yellow line channel being followed nicely. The bottom yellow line is weaker support then upper yellow line give resistance. Also pivot at target is weak. These 2 confluent things mean GC...
I have decided to take position in Gold (GC). Reasons: - following nicely down channel (Yellow lines) - Indexes are running hot!! - top yellow trendline show very good resistant properties. Down channel show okay support, not great. this means well that it could continue below this support. - 0.50 fib is show resistance and 0.50 is important fib line. - decent...
As you can see we almost at first target now. What happen next? Well you see a descended triangle in yellow color. this is cuntinuing pattern. Price most likely jump around either two descended triangle you see and then move down again to even lower target. When target one hit I decrease position to half. Then I let rest of position ride. This is so far very...
This is reason for pullback in more diagram form. I am short from 3902. I took more large position because of potential and I stay in until I eather take half profit at 1st support or I get stop out. I won’t let this one go early.
I believing we have a good set up for a drop to 3820. We having opening wedge. We have heads and shoulders which has price now break below We have strong bear divergence on several indicators. Rsi also form heads and shoulders on 4h and down below neck line We have stimulating factor of bad job report for first time in some time. 3820 is strong support and...
Well I’m doing to try another short right here on Es. I were stopped out early today but this being the very entry I take earlier. The same rule apply as earlier. But hidden bull is here, but I think it may passed by. Below center regression Fast hull sharp down Slow hull go down Below 3.5 ATR So let’s,see if I win these time. Like saying before, careful ES...
If ES breaking below central regression channel (white solid line) then go short on retest of white line. Look at confirm indicators. Headed below ATR (green line) Rsi to break below 50. Be careful though because this is a line and could go long again. Only enter if 4h tf low is below center white line. Otherwise you do not enter. If shorting but turns to be...
So I enter gold again after stop out thi morning for nice money. Now I enter again because Fast Hull cross down over slow hull. gold pull back to resistant line make good entry point rsi still making lower low with price price below center regresssioin line descended triangle which usually meaning reversal, but see price still at top of wedge so still...
Here you see long trend resistantant since 2008, and up trend support since 2019 Dec. Also ascended triangle. And now recent gap fill which now act as resistant. I am going to add more short on retest of this resistant line. Here is my setup: second RR grid is my second entry.
I know gap not fill yet but I feel this is exhaustion gap. So even though I do not like to taking trade before gap this might be exception to rule. Look at volume on big candle after gap. This is good sign. Also indicators overbout, and though this can stay for a long time I think ready to drop.
I closed my long in ES for profit. Now I look for entry again. Vix active today as I predict it might be. I don't know if I will long or be short ES. for long I like to see close above top support and fast hull stay white (slope) and than enter long on reteste of support. for short I like to see close below support line and entry on restested for early entry, and...
Here is heads and shoulder at white box. Or is it be bull flag? I long now, but if close below red neckline I be exit my position. Other then this I stay long.
I will add the why I go short in just a while. But for now I enter gold short at 1825.3
Vix may be in for bounce up. The Hulls are turning and strong support being make at lime line. Keep eye on your indixes if you are long (like I be with ES)
DXY on and edge of ledg here. . Last candle close below light blue support than may be further down to go. Might hit white flat line for goal or maybe farther. This agrees with my bull thinking on ES, GC and CL. Let’s see what will happen. Entry will be retest of white line after candle close below
See now how fast Hull is being flatten against light blue support line. The make this usually a indicator of true and strong support with consolidate. This many of time mean price will go higher again. Put this another way. The light blue line acting like resistant to fast hull, and light blue line be support to price. These things confluent to each other alway...
Wait for fast Hull to cross slow hull on possible next 4h candle. Big money potential maybe 3 to1 Or more. I will explain why big profits if trade entered. More will come
This is looking like maybe short trade. Fast Hull just cross down over slow Hull. Salmon colored resistance line be a place at if price pullout to then enter, or if already short and price pullout to salmon color line than do again entry for better position. This probably be only a day trade, so be ready to go in and then go out.