Corn/USD Bounce UpLooks bullish.. looking forward a retracement into +- 4 $ or emas line after it's challenging the resistance at $ 4.28
Indicator looks bullish, volume is rising rapidly.
DMI : +DMI is rising and -DMI is dropping hard creating a huge range between them, bullish also DMX is rising too.. bullish momentum is increasing
Macd : buy histogram is higher than the previous high.. bullish sign so far.
Volume MA is rising
CFD
S&P 500 Pulling Back after Tariffs | $USD $SPX500After Trump announced more tariffs on China we can see that the S&P 500 has propped down quite strongly, hitting a solid support at 2860. We can also see that the drop was caused buy a very solid multiple to rejection.
Is this pullback a setup to Blow past our double top or will it continue to consolidate in it's current zones?
BrentCrude Oil. Turning up now. Note: If you like trends, you'll like oil. When oil trends, there is no limit. It can trend for a VERY long time.
Trading Criteria:
Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here.
Wait for a significant breakout of the 4hr. consolidation or daily consolidation from red border boxes to take the trade. Red border boxes are the High/Low of a consolidation period inside the consolidation zone. I usually aim for 80% of the weekly ATR (or monthly ATR for yellow solid boxes) taking profit but not always at the next yellow box. I place my stop loss above/below red border box.
*These zones, with the inclusion of price action described above, have remarkable accuracy.
Yellow border box: weekly consolidation zone
Yellow solid box: monthly consolidation zone
Red border box: High/Low breakout box (5 minimum candles)
USOIL SHORT TARGETS.Been trading the USOIL price drops in shorter timeframes yesterday and today (1h.) banking 10 and 20 pip moves,
so I got my confirmation and I am beginning to open long put positions. Price targets for futures traders to serve as entry points (NOT option strikes prices, diff. strategy there :) are at 59,57,55, and a big monthly one at $51 (this is the one I'm aiming with my puts. Options pay with volatility, so even if it doesn't get down there, closing the gap fast enough will be a great reward for an options trader).
Good luck to all of you trading out there!
WHEATUSD Short Term Resistance draw closerWHEATUSD is just about to relax from high levels which were reached in the cold season. The retracement of the down move of the past few days has been just below the support turned resistance at around 5.69-5.70. When price retraces to this level and the resistance proves to be valid this is an entry point to follow the higher timeframe downtrend at least until 5.40.
The insights are taken from my own data driven approach paired with some chart analysis
Bitcoin - Gold - Silver correlation As can be seen of the graphs, the ways of development for Silver, Gold and Bitcoin are incredibly alike. The only large difference is that BTC made it in 4 years, while for commodities it took 22 years. As yet Robert Kiyosaki declared - gold and silver are kind of a bubbles. The same can be told about BTC of course, regardless of fact that all three assets can be considered a safe island in upcoming global economical crisis and following ones.
Next time you analyze BTC market, you can tale into account sets of factors that affect gold/silver, and backwards. This also can give you a technical advantage, because if you analyze patterns from silver indicators in the past, you will see the same ones in BTC price development, and they can really be applied, because.. well, you see graphs, right?
Let this information add another step to everyone's understanding of Bitcoin and its market behavior.
$SP500 - SCALP TRADE - +4.68% - DETAILS BELOWHey everyone,
I managed to take a quick short scalp trade on the OANDA:SPX500USD for a 4.68% gain
I will be posting both the screenshot from my broker's platform as well as the 5m chart below so that you can clearly see the levels laid out. (cannot post an idea below the 15m TF and my trade was taken on the 5m)
Details:
Entry @ 2734.1
Exit @ 2733.3
**NOTE THAT THIS TRADE HAS ALREADY BEEN TAKEN, IT IS NOT A RECOMMENDATION TO TRADE
www.mql5.com
$EUR/USD - SCALP TRADE - +2.6% - DETAILS BELOWHey everyone,
I managed to take a quick short scalp trade on the $EUR/USD for a 2.6% gain
I will be posting both the screenshot from my broker's platform as well as the 5m chart below so that you can clearly see the levels laid out. (cannot post an idea below the 15m TF and my trade was taken on the 5m)
Details:
Entry @ 1.13190
Exit @ 1.13180
**NOTE THAT THIS TRADE HAS ALREADY BEEN TAKEN, IT IS NOT A RECOMMENDATION TO TRADE
www.mql5.com
$NQ100 - SCALP TRADE - +4.8% - DETAILS BELOWHey everyone,
I managed to take a quick a quick long scalp trade on the $NQ100 for a 4.6% gain
I will be posting both the screenshot from my broker's platform as well as the 5m chart below so that you can clearly see the levels laid out. (cannot post an idea below the 15m TF and my trade was taken on the 5m)
Details:
Entry @ 7182.85
Exit @ 7180.80
**NOTE THAT THIS TRADE HAS ALREADY BEEN TAKEN, IT IS NOT A RECOMMENDATION TO TRADE
Trade from broker platform -> www.mql5.com
UK 100, SHORT SELLING OPPORTUNITY, BIG RESITANCEResistance on the daily chart shows that 3 days ago price got rejected, by not only the horizontal resistance line but also the diagonal resistance that can be seeing clearly on the monthly chart, horizontal resistance on which was a really strong level of support and potential reversal for this chart right now.
Stop loss should be above resistance and take profit on the next level of support.