Trading levels for 10/31/2018Nice day for the bulls, however, this rally represents another HL, the bulls have to take the 7000 level and/or the descending trendline to push this market higher. Tomorrow we will be looking for selling opportunities around R2, and if the market drops i will be looking to take some longs around S2.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Forex-gold
Trading levels for 10/30/2018Great volatility in the markets, although with more volatility comes more risk, that is why you have to stick to your trading plan and strategy. Today we had a couple of opportunities to enter the market but the risk was higher than what we have written in our trading plan, therefore we had to pass on those trades. Moving forward we have a pin bar in the 1H chart, maybe that will push the market a little bit higher, but until we can make a HH and/or the descending trendline is broken we will maintain our bear mindset.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 10/29/2018Hey traders, i hope you had a great weekend looking forward to Monday morning session. Tomorrow is going to be an interesting day, i think that the bulls are not going to let the bears make another low, of course anything can happen, but looking at vol Friday was an even fight, therefore it looks like we might be heading higher, especially if the market can take the last HL around 7075 and the descending trendline.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 10/26/2018The same story continues, the bears continue selling the rallies, today it took all day to move the market higher a couple of hundred points, and it took less than 30 min for the bears to bring it down. I understand there was some bad news in Amazon or something like that, but who cares, we knew the bears had the edge, they were just waiting to trap the bulls and the news was just the cherry on top. Moving forward i think that we still have some room on the downside, so the bears still have the edge, unless we break the descending trendline.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 10/24/2018Great volatility in the markets, too bad for us there was no opportunities to get in the action, however, that means that we are doing our job, which is to follow our system. Moving forward there is some momentum to the upside, but we are currently in a short term downtrend, therefore the bears are selling the rallies, lets see if the bulls have what it takes to break the descending trendline and take this market higher.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 10/18/2018The market is struggling to make HH's in the 2H chart, regardless I would like to see a rally to the structure resistance around 7420 to start some shorts, my sweet spot would be R3, but we will have to see if the bulls have what it takes. In the other hand, i don't think i will be looking to start a long position, i think that a break of the short-term ascending trendline can change things rapidly.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 10/17/2018Nice comeback, the bulls took over most of the day on Tuesday, but i think the bears are getting ready around the 7420 area, there is resistance from previous structure, and we have R1 in that area as well, if price reaches that level i will be looking to take a short. In the other hand, i like S1 as a place to start some longs.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 10/15/2018Slow griding to the upside, i believe that the probabilities are to the downside. We have seen volatility increase in the last 2 weeks, for us, that means more trading opportunities, but also it means more risk, I had a couple of people asking me why i didn't take the signals from Thursday or Friday, and the reason is very simple, i only take trades if the risk is between 1 to 2%.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
USDJPY. Turning Up. Trading Criteria:
Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow boxes). If you're a pattern trader or pinbar trader, this might be useful here.
Wait for the breakout of 4hr. consolidation to take the trade. I usually aim for 80% of weekly ATR taking profit...not always at the next yellow box. I place my stop loss above/below consolidation.
*These zones, with the inclusion of price action described above, have remarkable accuracy.
Trading levels for 10/12/2018Just what we were expecting, kind of a choppy day, i didn't see a lot of buyers stepping in. Today we didn't have a lot of opportunities to take a trade, we waited for a specific setup but the risk more than what we could lose. Tomorrow we might look to get short at R2 or R3.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
GOLD (XAU/USD) - - - - Buy entry / MultiTimeFrame(D2/H4) / RR:5 Hey traders
! **(SEE BELOW FOR H4 TIME FRAME)**
This is my bullish bias on GOLD , based on a multi time frame analysis .
We have a great accumulation as you can see on the charts :
- Weekly parralel channel bounce (purple)
- High momentum bounce on this channel with a hammer candle.
- A strong support zone
- Fibonacci for entry/exit as usual
- Forming a reversal pattern with the start of a new bullish trend
- Standard deviation (Secret theory)
For this trade , I have two potential targets as you can see on the charts.
Good luck everyone !
- Alex
GOLD TO BREAK HIGHER?With the trade tensions between the US and China growing we have seen the price of Gold range as the correlation between CNYUSD and GOLD still remains close. In the last 24 hours of trading we have seen a slight shift in sentiment across the markets including a 4% drop in the NASDAQ yet Gold remained fairly quiet. However now we are approaching the key level of 1215.00 which the market has struggled to get above during the trade tension crisis. There is an opportunity however if the market can break and close above the key resistance we could look for short term longs in line with the market conditions.
Trading levels for 10/10/2018I was expecting a little more volume to the upside, i looks like there is not enough buyers as of right now, neither the YM or ES had the strength to push the market higher, tomorrow we'll expect a little more volatility especially if the market sarts to move lower. If the market pushes higher we will be looking to take some shorts at YH or R2, i don't think i will start any long positions.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 10/08/2018I like how the pivots are aligning themselves with structure (support/resistance) Friday was a really good day for us, as we mentioned in our last post, we were looking to get long at S2, and the trade played out really well. So far we are up 8.8% for the month of October. Moving forward, on Monday we will be looking to short YH or maybe R2 if price pushes higher, in the downside YL looks good to start some longs.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 10/03/2018Market tried to rally early in the morning but then sellers took control for the rest of the session. Long term we are still bullish but short term it looks like the market wants to come down especially since not all the indices are moving at the same pace.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.