GOLD: The gold price I expect today, December 21This is what we said before, once a trend has formed it cannot end anytime soon. The market no longer believes in the Fed's management of expectations anymore. Next year, the Federal Open Market Committee will have new members and then moderate officials will prevail. More data and time are needed to verify the resilience of inflation and the economy before changing policy. This Friday's core PEC and Q3 GDP data are crucial. The volatility pattern of gold prices will not change before.
Regarding trading, gold price yesterday fell to a low of 2021 USD, followed by upward fluctuations. The US market reached a recent high of $2047, surpassing the top of our range. Our short selling strategy failed, causing a small loss before we exited the market. Gold trading was very strong yesterday and the short-term market was completely dominated by sentiment. Don't be too stubborn and have a clear mind.
Intaday
Potential Gold buys over 1954.68Looking for more potential buys at 1954.68 - normal trading approach.
Rejection at 1939.14 caused price to reverse holding support around that area. London preparing to have enough volume for us to breakthrough past over 1954.68. I believe price will have enough momentum to break resistance at 1953.98.
An intraday trade zone on EURUSD using standard deviationI calculate the zone by using implied volatility from the futures to solve for a one standard deviation price range. Then multiply that by 1.5 for the bottom and .75 for the top of the zone. To pick direction I simply use the Ichimoku Kinko Hyo. When the price is above the kumo I'm short, when its below the kumo I'm long. The success rate should hover around 50% but you'll find that your average wins are normally bigger than your average losses. I close it at the end of the New York session
An intraday trade zone on EURUSD using standard deviationI calculate the zone by using implied volatility from the futures to solve for a one standard deviation price range. Then multiply that by 1.5 for the bottom and .75 for the top of the zone. To pick direction I simply use the Ichimoku Kinko Hyo. When the price is above the kumo I'm short, when its below the kumo I'm long. The success rate should hover around 50% but you'll find that your average wins are normally bigger than your average losses. I close it at the end of the New York session
An intraday trade zone on AUDUSD using standard deviationI calculate the zone by using implied volatility from the futures to solve for a one standard deviation price range. Then multiply that by 1.5 for the bottom and .75 for the top of the zone. To pick direction I simply use the Ichimoku Kinko Hyo. When the price is above the kumo I'm short, when its below the kumo I'm long. The success rate should hover around 50% but you'll find that your average wins are normally bigger than your average losses. I close it at the end of the New York session
UBL LONG INTRADAY 6 APR,2021Dear trader,
If u look at the chart of UBL (analysis based intraday only) the UBL support at 1123 and Target at 1140 and Stop loss at 1113.
The chart clearly indicates Bullish Trend you can also see the candle stick patters for more indepth analysis.
In Intraday most important thing is to enter and exit points.
Our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data, analysis and proper strategies.
Kindly message us for strategies and analysis.
Trade Log NIFTY June 19In my trade log dated June 18, I had said
1. Considering today's bullish day, there are two most probable possibilities. One, consolidation around 10100-10150. The other being the one more positive day tomorrow.
2. Tomorrow is Friday, so we can have q strong move. Since current trend is positive, the move can be assumed on the upside.
Today my anticipation of strong up move was proved correct.
My trades today.
1. As bias was up, I bought 10100 CALL on crossing previous day high, and closed it end of day.
My observations for the day
1. NIFTY closed positive 1.51%. Breakout yesterday confirmed. NIFTY also closed at high which was the level around March 11.
2. BANKNIFTY closed positive 1.82%.
3. VIX down 4.74%
4. Advance decline ratio is 1277 to 522 for broader market. And 33 to 16 for NSE. This is not as positive as yesterday. Gains mostly because of reliance and Bajaj twins.
5. Option data suggesting range 9900 - 10500.
6. FII inflows positive.
Overall trend in NIFTY is on monthly - bearish, weekly - sideways and daily - bullish. This is kind of situation where one has to trade carefully,
1. All three trends are different
2. VIX is settling in the region of 30. This will ensure we see volatile moves.
Overall I have closed all my long positions and only taking 10000/9900 Debit Put Spread for the weekend. I'll post my detailed weekly view over the weekend. Have a nice weekend!
Yesterday's post
My last weeks view