Double Confluence Discount Vs Premium Hello Traders!
Hope this paints a great picture of discount vs premium
Tuesday is below Sunday's Opening Price and Midnight Opening Price.
Commercials are more likely to buy.
Wednesday is above Sunday's Opening Price and Midnight Opening Price.
Commercials are more likely to sell.
Forensicforex
XAU/USD Sell Side Liquidity ViewHello Traders.
As we have seen recently gold has shifted bearish. Now we do not know if this will be long-term or short-term.
However, we can see levels of where it will most likely target if it keeps distributing lower.
We can monitor for any signs of commercials stepping back in shifting the market back to bullish.
The DXY(dollar) has shown the inverse as well giving dynamic price action to the upside.
The S&P500 and stocks are showing signs of weakness.
Gold is expensive. If you had to buy gold wouldn't you buy it at cheaper prices? Then sell high?
XAU/USD IPDA Update Feb 2023Hello Traders!
As you can see price took out the 20 day high and ran to the 20 day low.
But why?
There is Buy side liquidity above that significant high.
There is Sell side liquidity below that significant low.
The primary drivers of the market is the interest rate and liquidity.
Once again another example of IPDA giving clear paths of a trade idea (other macros need to aline).
L. Williams Natural Range Change CycleHello Traders!
I just wanted to share a tip that is crucial to picking higher odd days.
If you get a small-range candle odds are sooner in the future a large dynamic candle will show itself.
You want to be in the market before these moves occur.
Once a large candle appears do not look for trading opportunities the next day. Odds are you will sooner or later run into a small and less dynamic candle.
No indicators to tell you this natural cycle of range change. It's simple logic.