edgarJG2

edgarJG2 Updated 

IF Bears were to step in heavy i would bet on 50% of the retracement to be the best spotof the 1hr time frame. the long entry in confluence with the daily 88.6% and the short idea seem to be currently in play. on the 15 min time frame one can see that the tokyo lows were liquidated by the london market. and the london lows were just liquidated by the ny...

edgarJG2

currently watching the market print up higher and respect bullish structure on the way. lots of confluence for bears at 50% area from the recent swing down as it aligns with a pocket of liquidity from equal highs this long entry is an idea based on the 15m timeframe and the daily time frame aligning.

edgarJG2 Updated 

Time is the strategy. tokyo session creates liquidity and then volume in london/NY grabs that liquidity. When that happens thats when retail money should enter.

edgarJG2

So the fibs ended up disrespecting 78.6% and kissed 88.6% currently long from this level. i dont anticipate strong selling pressure until the highs get liquidated. until then im in this long idea. trailing on the lower time frames

edgarJG2

if 23% holds as resistance then we short to head lower. the better the premium price the better. let see what liquidity builds over night. target 1 is always the lows and target 2 is -27%

edgarJG2

Key Bull area @ 88.6 % area. waiting for market to create a pocket of liquidity and then grab it so we can head up, bearish until then. gonna post next tokyo and london session setups for smaller timeframes.

edgarJG2

Premium Area on the daily time frame. If current market candles can close above in 2 hours then that would be added confluence towards a buy bias. It would be an 80% chance we reach all time highs again if respected. Lower time frame analysis coming soon.

edgarJG2

After a long break from posting on TV. I am back with Dow jones updates. Currently under a consistency Routine in a mission to progress through. I am funded and trading Forex and Futures. Now getting into tecnicals, I was waiting for a top to form so I could have a clear Point to establish the swing high where i can place the fibs. Anticipating buy levels for...

edgarJG2

in anticipation to the market flowing into a downtrend im awaiting a lower high to form just under the trendline. price has respected support and current price action is respecting bullish structure in the smaller time frame. will be awaiting a short entry. 1hr chart

edgarJG2

MONTHLY TIME FRAME Price action has respected resistance around 34,450 area by failing to close above. If resistance structure holds for the bears we should see a break of internal support zone around 32,600 area. Next favorable area of confluence based on fibs (from the current swing up) aligns with 38.2%, which is around 2,700 points lower at the 31000...

edgarJG2

Price action on the lower time frames was a leading indicator of when to get in as we headed towards the bottom support of the 4HR channel. Will be waiting as we tread higher for signs of weakness and structure being validated for bear action.

edgarJG2 Updated 

based off structure and lots of confluence with fibs on the swing up in the higher time frames. price should b holding bullish pressure until the weekly counter trendline resistance. I entered on the previous 4hr setup. this play should be continuing to 38% and 50% fibs on the 4hr from the current swing down it made.

edgarJG2 Updated 

currently waiting on candle to close b4 triggering longs to the 38% area. market sentiment is overall bearish but the risk to reward is attractive at this level

edgarJG2 Updated 

DAILY AND 4HR are down trending creating lower lows and lower highs. FIBS from ATH point A @ 34288 and point B @ 32,946 set up the take profit at -27% extension of 32,570.