Weekly Momentum Analysis On Major Pairs (Wk43/2018)XXX/USD: Bearish
Gold & Silver: Slight Bullish
XXX/JPY: Mixed
USD Index: Slight Bullish
Indexes: Mixed
BitCoin: Slight Bullish
Week 43 (22 Oct 2018)
Forex-gold
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.
XAUUSD, Double top forming--> SellH1:
- Structure: uptrend
- Weakening
- Double top forming
--> Sell
XAUUSD, Double top forming--> SellH1:
- Structure: uptrend
- Weakening
- Double top forming
--> Sell
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.
XAUUSD, Minor uptrend on H1==> BuyH1:
- Structure: Uptrend
- Tendency: Downward pullback
- Above trendline
--> Waiting signal==> Buy
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.
DXY - Bearish pattern forming off of key resistance levelA large bearish pinbar is currently forming off of a key resistance level. Keep in mind that there are a few hours left in the market so this pattern will not be confirmed until it has fully formed as a bearish pinbar and today's candle has officially closed. If the candle does close the day as a bearish pinbar then we could see price rotate lower over the next few weeks. If the candle closes as a bullish candlestick, there is still opportunity for a new bearish pattern to form but we could see price rotate even higher towards the 97 range. How today's candlestick finishes forming will tell us a lot.
Gold XAU/USD (Oct 2018) This will be my views of Gold (Oct 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
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We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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GOLD, View nexk week: Drop…Out!GOLD, View nexk week: Drop…Out!
W1:
- Tendency: Strong downward
- Broken support and re-testing
- Bearish candle
- Below resistance
- Trendbar: Down !
--> Sell
D1:
- Tendency: Downward
- Broken triangle pattern
- Re-test bounding !
- Below resistance
--> Down
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Thanks
Trading levels for 9/26/2018 !!!FED DAY!!!Not much to say, we were expecting some sideways trading today and that's what we got, tomorrow with the FED announcement we might have some volatility until then we will stay away from the markets. GL
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.
Levels for 9/25/2018The daily chart of the NQ is still very bullish, nothing has changed and it will not change until we see a decent move to the downside, the 4H chart remains in a sideways market until we break either 7630 to the upside or 7420 to the downside, the 1H chart is overbought, we should expect a small pullback, or some sideways market tomorrow. For those of you who took the Gartley pattern on the 1H chart the second target was hit, very nice and easy trade, i will keep an eye for more advanced trading patterns.
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 9/18/2018The daily trend in the NQ is still in a nice uptrend, but today's action is suggesting that we might put in a lower low, something that has not happened in a while. In the 4H chart, we have a pennant that it looks that it wants to break to the downside, it may not happen tomorrow but maybe later in this week. and in the 1H chart, we are oversold, that does not mean that we are going to go higher, but there is a good chance of a small pullback.
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.
