Midnight Opening Price Ideology 2022Hello Traders!
Another year of me preaching this simple concept of Midnight Opening Price.
I do not see 95% traders speaking about this nor know what it is.
So let me expose you to real forex education.
I linked other examples to this video please check them out and look at them in your charts.
Stop making trading hard.
-D'onte
Forensicforex
USD/JPY High Probability Scalping and Swing Trade Trade ProgressHello Traders!
Here we are long on UJ.
I gave you the lazy trader entry with is entering at S.O.P
S.O.P= Sundays Opening Price in New York EST.
If you do not have a SOP or sunday candle Mondays Opening Price.
Use M.O.P =Midnight Opening price 12:00 AM New York EST.
XAU/USD IPDA UpdateHello Traders!
Someone asked so they shall receive.
This my thoughts on gold.
Waiting for a swing high to form after that swing low was recently broken.
If we get that swing high we want to see the 3rd candles low broken to give conformation price want to displace lower.
Price can create a swing high and break it's own high reaching for higher prices instead as well.
-D'onte
Weekly Draw DXY, GU, UJI Hello Traders!
Here are my thoughts on what the weekly candle for DXY, GU, and UJ may be reaching for.
Main Ideas:
DXY: I do not want to see last weeks low broken, if it does we have to consider lower prices.
GU: I do not want to see last weeks high broken, if it does we have to consider higher prices.
UJ: Weekly Swing low formed after swing high broken, waiting for confirmation for last week high to be broken to go long.
IPDA Data Range February Update Hello Traders!
Here I look at the my IPDA Chart.
As you can see there are many ways to utilize the ranges IPDA provides.
There is much more context on my chart and those highs and lows can present trading opportunities.
Like the GU trade around the old 60 day high.
Below I linked the original IPDA Markups for DXY, UJ and GU
Safe Trading
-D'onte
GBP/USD & USD/JPY Monthly Break DownHello Traders!
This is my breakdown for GU and UJ on the monthly time frame.
Im leaning bullish for DXY which means bullish UJ and bearish GU.
I want GU to fail short of last months high and not break it
I want UJ to fail short of last months low and not break it.