DISCLAIMER: This is not trading advice. This is for educational and entertainment purposes only to show how I view this market. Trading involves real risk. Do your own due diligence. My COT strategy has Crude Oil SETUP for longs if we get a TRIGGER (Confirmed bullish trend change). But what do cycles have to say about this long trade idea? Cycles suggest that we...
In a previous analysis, I discussed the relationship between Bitcoin, the Altcoin market and Bitcoin Dominance. An important rotation exists between these three; and by using TOTAL3 together with BTC.D, you can get a clearer picture of where BTC is trading in the current cycle. In this video, I make an important suggestion based off Elliot Wave Theory. This...
Let's make Money!!! Trade responsibly and apply proper risk management. Happy Weekend
Bias Analysis: Daily minor swing at equilibrium and 4H trading out of Order Block. 1H range was bearish with price at a 1H Order Block well within Optimal Trade Entry. Entry Criteria: 15M protracted counter to my bias, swept upside liquidity and traded deep within the 1H Order Block before an engulfing candle printed. Grade: High Quality Valid What I did well...
Hold on to your horses - in today's analysis we're going to do a really deep dive on Bitcoin, the altcoin market (TOTAL 3) and Bitcoin Dominance (BTC.D) Make sure you watch all the way until the end to reach the final conclusion! In this video, I systematically point out two main reasons why the corrective phase isn't over, as well as what could possible happen...
DISCLAIMER. This is not trade advice. This is for educational and entertainment purposes only. There is real risk involved with trading any market. I am looking for longs in the Soybean market this week. Here is why. -Commercials are positioned very long relative to their overall positioning over the last 6 months, which is bullish. -Commercials are...
With the Fed poised to cut rates at September's meeting, the dollar hovers at the key 100 key monthly level which, on a normal occasion, would serve as a clear support but after such a long awaited rate cut, which would devalue the dollar even further, one cannot be so sure. Technically, there are no real indicators of price shifting structure to the upside as...
DISCLAIMER: This is not trade advice. This is not a recommendation to take a trade. This is for purely educational purposes only. RBOB (Gasoline) is "Set Up" for Longs. This does not mean I am longing this blindly right now. The tools that I am using to formulate this trade idea are not timing tools. We use technical entry techniques to time our entry. Lets...
Overbought indicators are of little use when markets are obsessed with rate cuts ahead of a key fed speech. Jerome Powell will speak at the Jackson hole symposium and Friday, and expectations for a dovish show are high. And that's helped Wall Street indices extend gains and the allowed the ASX 200 to tag along for the ride. But if this turns out to be a classic...
Master Key for zones Red = Three Month Blue = Monthly Purple = weekly Pink = Consolidative box example (Daily) Orange = Daily Risk Warning Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market,...
In this video, I breakdown my current position I'm holding on UsdZar to give you an idea of my thought process from HTF down to the 15M execution.
For weeks now, I've been talking about why the all time high for Bitcoin is NOT YET in. (Proof here) Here are the main reasons why. 👉 Elliot Wave Theory I've been discussing EWT for many weeks alongside with the bearish M-Pattern that marked the beginning of the corrective wave (3-4). Once the corrective wave finishes, which I expected to be a multi-month...
In this live trading session video,we look at our open positions on Bitcoin,Gold,potential trades coming up on the other instruments and the thinking behind them. The concepts you learn from this video are cross transferrable principles onto any strategy.
With the dollar positioned to break higher, EurUsd & UsdZar are poised to trade lower and higher respectively ahead of the weekly close. EU reversed from premium daily prices and has now established a trend lower while UZ reached premium and continues to trade higher. How price develops over Asian session will be telling so dive into today's analysis to gain an...
If you've been following for a wile, you'll know I've been speaking of Elliot Wave theory and cycles - and how, from a macro perspective, we are currently in a multi-month correction before another impulse wave up. By looking at the TOTAL3 chart, as discussed in the video, it seems likely that this may only be the BEGINNING for altcoins... and you'll see...
In this live trading session video,we look at our Q2 performance on our live trading room strategies as well as our 100k Traders Challenge(TC) Account performance. We then look at the improvements we have introduced and the key actions points going forward. The concepts and ideas in this video can be cross transferred onto any strategy.
EURUSD: With price in a daily premium, the 4H has begun trending lower, characterized by the clear push lower, consolidation and breakout to the downside. I'll be anticipating a pullback to premium within the current 4H minor range and a continuation lower. USDZAR: Price formed a near miss of daily targets at equal lows before a rally higher into 4H premium. We're...
1D: Price reached equilibrium and began trading lower forming a new 4H impulsive leg. 4H: Price is in premium but with an order block resting above current price action, I'm anticipating a mitigation which open up opportunities to buy into the OB. 1H: Run of lows pending from 2 potential areas before a retrace candle to take longs.