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Facebook STRONG SUPPORT level & How to see the structureHello traders, very strong support level raises our chances for a profitable LONG trade in the FACEBOOK market. NASDAQ:FB If you connect these points together, you will get the whole picture, what's happening in Facebook: PINBAR TRENDLINE POINT OF CONTROL ZONE VALUE AREA TRADING RANGE During this rough time it is difficult to follow the trading plan. BUT this ability separates winners and losers . Remember that! :) Good trading. FINEIGHT team
NASDAQ:METALong
by Fineight
EUR/GBP: Intraday Analysis With Volume Profile 📉Today, I will focus on the intraday analysis of the EUR/GBP. What caught my eye here was a rotation from which a strong sell-off started yesterday. Why it caught my eye? Because in a rotation, heavy volumes are usually traded (accumulated). Big trading institutions need a rotation to accumulate their big trading positions. They need time and liquidity. The rotation takes some time so that suits them. When a price rotates then it also means that the market found its fair price (fair value) – at least temporarily. And this means traders are willing to buy and sell there = there is liquidity. When there is a sell-off after such a rotation, then it indicates that the big guys (institutions) were building up their positions in that rotation. They were doing so unnoticed and without their intentions being revealed. After that, they started manipulating the price aggressively (with market orders) to start a trend. Volume Profile analysis When I see a rotation from which a trend starts, then I look into that rotation using my Flexible Volume Profile. I look for a place where the volumes were the heaviest because this is the place where the big guys placed most of their positions. This is an important place, because when the price makes a pullback into this area again, then it is likely that those big guys will start defending their positions. How will they defend them? They will start to sell aggressively again to push the price downwards. And that’s what I want to see. That’s what I want to participate in! So, what I do is that I wait for the pullback and then enter a short from the place where they accumulated most of their positions. In this case, it is 0.8933. This is currently the strong intraday resistance on EUR/GBP. I hope you guys liked today’s intraday analysis. Let me know what you think in the comments below! Stay safe and happy trading! -Dale
by Trader_Dale
CAD/JPY GAP 💡Now this is a different story! There was a 160 pip opening gap on the CAD/JPY! The price haven’t even get close to closing it. The volatility is pretty big here. This means the gap could get filled shortly. I would not be surprised if it got filled today or tomorrow. It does not matter too much when it will get closed though. The thing which I find interesting here is the heavy Volume Cluster which got created before the gap (Volume Cluster with the heaviest volumes at 78.51). According to the gap trading strategy this Volume Cluster should work as a strong resistance and when the price closes the gap and hits it, then it should react to it and go downwards again. Adjusting to a bigger volatility When the volatility rises to such extent like now then it is necessary to adjust to such market conditions. If you were used to trading with 10 pip Stop Loss then now when the volatility rose you should widen your SL (and TP). In most of the cases I like to stick to my fixed Stop Loss and Take Profit pip values but when volatility changes as drastically as now then I adjust it. At least for a few days until all gets back to normal again. I hope you guys liked this article. Let me know what you think in the comments below! And remember to trade carefully especially in conditions like these. Happy trading! -Dale
by Trader_Dale
1
GOLD – Intraday Trading Analysis With Volume ProfileThe previous week I wrote about the importance of the big picture analysis. I did a long – term analysis on Gold using Weekly charts and Volume Profile. Now, I would like to zoom in a bit and analyze Gold on a much lower time frame (30 Minute). This will point us to intraday supports/resistances which are currently there. Price Action analysis Let’s first start with simple Price Action. Currently, there is an uptrend on Gold. When there is a trend development like this, then I like to use my Flexible Volume Profile on the trend area. My goal is to see significant Volume Clusters which got accumulated in the trend. Volume Clusters What does a Volume Cluster in a trend mean? Volume Cluster is an area, with heavy volumes. You should be able to spot them easily with Volume Profile. They should be visible on first sight. Nice and clean, that’s what we are looking for. When there is a Volume Cluster (or more of them) created in a trend, then it means that heavy volumes got traded there. In this case, there is an uptrend. Volume Cluster in an uptrend means this: Buyers are pushing the price upwards and there are places, where those buyers were adding massively to their buying positions (that’s where we see Volume Clusters). Then they drive the price even higher. GOLD: Intraday Supports In the picture you can clearly see three significant Volume Clusters. Those were areas where buyers were entering most of their buying positions. What will happen when the price turns and makes it back to those three areas? Chances are, that those buyers who were building up their buying positions there will become active again. They will try and defend those areas (defend their positions), and they will try to push the price upwards from those areas. This is why those three Volume Clusters should work as significant (intraday) supports. Does it matter when the price makes the pullback to those levels? Well, in my experience markets have really good memory. So it does not matter that much. Those three Volume Clusters should be strong Supports even after few weeks after they got formed! I hope you guys liked my intraday analysis. Please let me know what you think in the comment section below! Happy trading! -Dale
TVC:GOLD
by Trader_Dale
1
Trading Volume Clusters on ES (S&P 500 Futures)Quite a lot of people like trading indices using the Volume Profile tool. In my experience, the Volume Profile works fantastic with indices. In fact, I am also planning to add ES (SP 500 futures) to the levels which I publish daily for members of my Trading course. So, today, I would like to have a closer look at the ES and show you my intraday trade analysis using Volume Profile there. Let’s look for some Volume Clusters! There was a strong buying activity on Monday and buyers were pushing the price upwards. When I see an intraday uptrend like this, then I start to look for significant Volume Clusters formed within the uptrend. Such Volume Clusters point to places, where the buyers who are pushing the price upwards were adding to their buying positions. Volume cluster As you can see, the volumes in this Volume Cluster are really nicely visible and the level is very clear and easy to see. Most of the buyers from this uptrend were adding to their positions at this place. What I expect now is that when the price makes it back to this level again sometime in the future, those buyers will become active again and they will start pushing the price upwards again. This does not need to happen today or tomorrow, not even this week! Markets have good memory, so even if this level gets hit in 2-3 weeks I will still believe in a buying reaction from there. I hope you guys liked the analysis. Feel free to leave a comment below. Happy trading! -Dale
FX:SPX500
by Trader_Dale
1
$DXY for more stronger moveUS stock market fell on Friday 24th Jan. Gold hardly to claim up. Those behavior may fuel the $USD currency ( $DXY) to go higher. my 1st target is 98.40/50 area, and possibly it may go higher after the test. The down slope (dashed blue) is only reflection line from previous down move action. It mean nothing for me right now. i just want to see the sellers will do more short covering when price move away from the upper down slope, or I might see the new money selling and bring the chart back into bearish move. Right now, I am bullish in #USD #DXY
TVC:DXYLong
by ruby_kinetix
Analise Dolar futuro para 24/01/2020Retração do mercado de hoje abriu na VPOC de ontem, testou um ponto de resistência e desceu, formando uma em formato "P" no market profile, rejeitando assim a região de valor de ontem. O mercado hoje definiu como área de valor entre 4.164 e 4.175, sendo 4.171 a VPOC. Sendo assim, se o mercado abrir fora da área de valor de hoje, há chances de termos um Open Drive, ou seja, um grande fluxo na abertura, na direção da área de valor. Temos também uma linha de tendência de timeframes mais altos, dando suporte ao mercado, sendo que hoje testamos tal suporte. Temos então 3 cenários. 1) O mercado aceita este suporte e move para uma região de valor mais alto 2) O mercado aceita o suporte mas também a resistência que encontramos dias atrás e fica mais lateralizado 3) O mercado continua na tendência de baixa dos últimos dias, fura o suporte e move para uma área de valor mais baixa. Lembrando que amanhã também temos algumas noticias de mercado importantes que podem impactar no nosso dolar aqui, então fique de olho.
BMFBOVESPA:WDO1!
by mauricio.andre.cinelli
XAUSUD is about to make important decision Gold is having problem to move above 1480 , price stacked at this level for very long time. Meaning 1480 become value acceptance for buyerS and sellers. Here is a tug of war for Buyers and Sellers. Let see what happen last week; Gold had aggressive buyer from 1457-60 area, then .... rejected above 1480, and fast liquidation back to 1460 area again. But the next day, buyer keep buying it at that level with heavy volume... and where is it now ? Stacked at 1480 area, again. What is going on there ? Well, sellers and buyers come In the same place. Ideally this will break above 1480 and make a change. But.. Any failure will cause Fast liquidation and may meet 1450 low. So .. I wait for longer term move. But if I trade for day trade, I will try small buying at 1474-75 area. But we still can’t see for further move decision.
OANDA:XAUUSD
by ruby_kinetix
Cyrpto market cap downtrend resumed, clearly bear dominatesThe market cap of the whole crypto-asset topped out at the end of June 2019, reaching 370 billion dollars. However, in the coming month, market cap contracts significantly, steadily declining to 215 billion dollars for the moment. More interesting is that even the sharp rise at the end of October, when Bitcoin breaks out above benchmark 10,000 $, doesn't change the downtrend in market cap since the market cap doesn't make a high transcending the high of September. 100, 200 Moving average, which depicts the overall market trend, is in a clear downtrend. Look like 200 billion dollar market cap is an important threshold. We are still in a bear market, before any major steep drop, assuming the current trend will continue is the most tenable action for traders who are still active in the market.
CRYPTOCAP:TOTAL
by UnknownUnicorn3838311
NFLX hasn't make any decision on directionI have been trying to keep on bullish bias, but seems bearish keep coming back, and I don't think big money come yet.eithier for buying or selling. No clear direction at the moment. just a trading money since Monday. 7th was the excess high. then since 8th buyer keep trying at the lows. I am start thinking 285 will be reach this week. NFLX runs every opening with and very thin. very fragile. let see what happen on this Wednesday. if offers can't be lifted higher, I like to see 285 - 280 price this week.
NASDAQ:NFLX
by ruby_kinetix