If you follow my channel, you know I love to trade a strategy that I like to call "Ducks in a Barrel". Its a strategy that is as easy as shooting ducks in a barrel. We have a setup forming on the Daily timeframe for the Soybeans market. Step 1: Identify trend (I like to see the 52 & 39 period SMA's sloping strongly and pulling away from each other). In the case...
I've been playing around with the auto chart patterns for a few weeks now and so far it's been pretty accurate. I think it's great to have an automated tool to help identify a lot of the common patterns I look for so I wanted to share. It also gives extra confirmation to my current bias. We'll see how these patterns end up playing out.
Summer trading is officially done and the market will be news sensitive leading up to the big bad FOMC Rate Decision on September 18. August's monthly candle is a wild one with a massive wick to the south and the bulls pushed the SPY within a whisker of all-time highs, Dow to several all-time highs, Nasdaq into a nice bullish recovery posture, and Russell the...
Ethereum ( BITSTAMP:ETHUSD ) will offer a final retest: Click chart above to see the detailed analysis👆🏻 Ethereum is about to retest a perfect confluence of support from which a bullish reversal is almost certain. Following the overall bullish trend, Ethereum should retest the previous all time high next and then maybe even follow Bitcoin and create new all...
price action of Gold Spot (XAU/USD) in relation to the trendlines and patterns indicated. Chart Analysis 1. Weekly Flag Trendline: - The first chart shows a trendline forming a "flag" pattern on a higher time frame (possibly weekly or daily). This flag appears to be a bullish continuation pattern, indicating that after the consolidation within the flag, the...
Welcome to our latest live TradingView show with TradeStation! Kick back and watch this show to learn about the key things that are moving markets and shaping the conversation as the summer trading season comes to an end. What will you learn in this show? Recent Price Action: We’ll analyze the market movements since the "carry trade crash" and see how this...
Hi guys, I'm trying something new here. In this video I explain what risk-off is and what causes it. I break down the recent yen carry trade and what went on there. It's good to study these events so that next time you have the knowledge in the bank. That way you can plan and make better decisions. Let me know if you like this sort of thing and I can do...
After a nearly 2,000 pip plunge, USDJPY has found support & has started to reverse. We ended the week not only violating an important level of previous structure resistance, but we also had a breakout & are currently retesting an ascending triangle. This sets us up for a potential bullish (short-term) continuation opportunity & in this video I'll show you where...
In this video, I cover where I think the markets go next, including Bitcoin, ETH and Solana. And how the NASDAQ:IBIT has become similar to the !CME in terms of how price tends to fill any gaps. Nobody else is talking about this, but see for yourself and start tracking the IBIT gaps on a 4 Hour chart -- You'll be amazed. I also share potential paths, likely a...
Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
Ahoy, fellow chart sailors! 🚢 Looks like we're steering into some resistance waters at the moment. Here's the treasure map for today: The Resistance: We're bumping up against a notorious resistance level. Will it be the plank or will we sail through? Support Ahoy: Keep your telescopes on the support lines. If we start to sink, these are the levels where we might...
1. Daily Time Frame (1D) Channel Formation: The daily chart shows an ascending channel, indicating a consistent upward trend. This structure suggests that gold has been gradually gaining strength over time, with higher highs and higher lows. Key Levels: 2,507.90: Price is hovering near this key resistance, close to the upper boundary of the channel. This is also...
Traders continue to sell the US dollar in anticipation of a dovish speech from Jerome Powell on Friday. To the point where we wonder if this could be a case off "sell the rumour, buy the fact". Matt Simpson takes a quick look at the USD dollar index and bond yields.
BLUE DART EXPRESS Monthly time frame Breakout from 9-year white resistance trend line Breakout from perfect cup & handle pattern Stock riding above 20-, 50- & 200-month moving averages RSI > 60, indicating bullish momentum MACD crossover done and is above the 0 line, indicating bullish momentum Volumes have been good since Apr 2020, implies heavy buying Weekly...
Understanding Previous day closes. Morning call we said down then up.. and that exactly what we did... Bullish above 5608 Bearish Below 5608 Market Goes up and down... we dont care.... Stay Frosty!
Today the price action again was not ideal. I talk about not getting into trades based on FOMO and overtrading, which I did today. I am a little upset with myself as I was not disciplined. I showed a trade with great confirmation on the 15-minute chart I missed. Let me know what you guys think in the comments and tell me about how your trading went today!
In this idea will demonstrate how to insert drawing tools onto a chart using TradingView mobile app.
Nat gas still fits all the criteria for a large downtrend. Lower highs & Lower lows are still in place on the weekly timeframe. This obviously swings probabilities in favour of lower price. However historically were still at some oversold levels. Just because this asset is oversold honest mean it can't go lower. Im watching the daily 50MA & 200MA...