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Gold's Hourly Chart - M_Top Breach @ 2513.25 - Recovery? Hello, I was saying all week that the USDX was going to be strong in it's recovery from selling off the past few weeks. I didn't think the economic data was all that bad during Friday, I think the damage set-in once the USDX started to rally on the retest and close above 101.50. As the NY session opened on Friday I saw a lot selling of the Gold-price as the USDX was making a sustained rally above 101.50 and then it skipped back under this level and buying of the Gold-price started to occur but it was a bull-trap. The Gold market sold off and as can be seen on the hourly chart a breach below 2513.25 and the selling intensified. It is always harder to navigate in real time, I get it. You can see here on the hourly that the 200 EMA is starting to slope down and the 9 EMA is about to cross it. But it's not all bad. When Asia opens on Monday there is a bullish Head n Shoulders that has formed on a 5 minute chart. (Please see below). Indications are that this will retest and execute taking the market higher. However, for the market to recover, buying will have to continue following this pattern to keep the Gold price above important key moving averages. Otherwise, this 5M pattern will play out bullishly for a time and the Gold price could sell off again. The Gold market got its liquidity during Friday, so lets see where price goes.
EIGHTCAP:XAUUSD
by Easy_Explosive_Trading
possible Head & shoulder patternthere is a possibility that nifty smallcap 250 can for a head and shoulder pattern here, which can bring it down by total of 11%, and 7.7% after the formation gets completed. It is very likely that the market will not complete this pattern, but just for awareness and availability of different perspective I wanted to post about it. also, please do not take any decisions too quickly based on this as patterns are for very short term but in the long term I'm still very bullish on the midcap and smallcap index.
NSE:NIFTYSMLCAP250
by anmol18888
nasdaqThe provided code is an implementation of a grid strategy in Pine Script, a programming language specific to TradingView. Here's a breakdown of the code: Strategy Settings: The code starts with defining the strategy parameters such as the strategy name, overlay option, pyramiding rule, quantity type, initial capital, currency, and commission settings. Input Configuration: The code defines several input variables that control the behavior of the strategy. These inputs include options for using auto bounds or manual bounds, selecting the bound source (recent High & Low or Simple Moving Average), lookback period for auto bounds, deviation for auto bounds, and upper and lower bounds for manual bounds. There is also an input for the number of grid lines in the strategy. Function to Calculate Grid Bounds: The f_getGridBounds function is used to calculate the upper and lower bounds of the grid. It takes inputs such as bound source, lookback period, deviation, and whether to calculate the upper or lower bound. If the bound source is set to "Hi & Low", the function calculates the bounds based on the highest high or lowest low in a specified lookback period. If the bound source is set to "Average", the function calculates the bounds based on a Simple Moving Average with the specified lookback period. The deviation parameter adjusts the bounds either outward or inward. Function to Build Grid: The f_buildGrid function is responsible for constructing the grid. It takes inputs such as the lower bound, grid width, and the number of grid lines. The function iteratively adds the grid lines to an array using the lower bound and width. Function to Get Nearest Grid Lines: The f_getNearGridLines function is used to find the indices of the nearest grid lines above and below a specified price. It takes the grid line array and the price as inputs and iterates through the array to find the relevant indices. Variable Declarations: Several variables are declared to store the current upper and lower bounds, grid width, grid line array, order status for each grid line, and the nearest grid lines to the current price. Grid Trading Logic: The main logic of the strategy is implemented in a for loop. It checks if the current price is below a grid line, there is no open order for that grid line, and it is not the last grid line. If these conditions are met, a buy order is placed for the corresponding grid line. Similarly, if the price is above a grid line and it is not the first grid line, a sell order is placed if there is an open order for the previous grid line. This logic allows the strategy to buy and sell at the grid lines. Dynamic Grid Bounds: If the auto bounds option is enabled, the code updates the upper and lower bounds, grid width, grid line array, and nearest grid lines based on the current market conditions. This allows the grid to adapt to changing price levels. Overall, this code provides a framework for implementing a grid trading strategy in TradingView using Pine Script. It allows for customization in terms of grid configuration, bounds calculation, and adaptability to market conditions.
NASDAQ:AAPLLong
by todstephens80
$USO high P/L strangle +50% TP with options #oil #usoilI'm trading the pullback of course with neutral strangle. Divergence on RSI, high IVR, optimal for neutral quick trade on micro oil futures. Sold 1 /MCLZ3 MCOZ3 11/15/23 Call 95.00 @ 1.17 (delta21) Sold 1 /MCLZ3 MCOZ3 11/15/23 Put 75.00 @ 1.06 (delta17) This is an OIL 37DTE Strangle for 2.23cr (bit bullish delta overall) 37DTE Strangle for 2.23cr Max Profit: $223 Req. BP: $600 PoP: 74% IVR: 49 (very high, optimal for credit strategy) My target is ~$100 on this trade in the next 2 weeks.
NYMEX:MCL1!
by TanukiTrade
Maybe Wyckoff ??Hi there ; to those of u who are familiar with Wyckoff, as i have just recently started getting into this type of analysis , maybe we can make some sense out of this market moves . - it seems like phase A has been successfully accumulated supply and the diminished volume in mark-downs , make it seem promising . - as now we enter phase B , we will attempt a rally up into 26300 key zone . then we'll see what's what in later idea updates that i'll provide . Keep in touch !
BITSTAMP:BTCUSD
by hamidking82
2
Generating Income from NVDA ConsolidationDescription NVDA has seen consistent gains following the upside break of its descending intermediate trendline on 17JAN. Now it seems to have settled into a consolidation pattern (Ascending Triangle) following the event-related runaway gap up through an ATH on 25May. Ascending triangles represent a healthy demand for a stock with a planned distribution at a particular price, which appears to be 480, and now we are now seeing the second rejection of the upper boundary of the pattern @482. At the same time, DIA, SPY and IXIC have all seen retests and rejections of their 50D EMAs today. In general, I expect the continued fall in the indexes to keep NVDA in consolidation, despite consistent earnings outperformance. Technical Indicators to signal the entry: Ascending Wedge upper boundary second rejection. Technical Risk Factors: MACD 12 over 26 bullish cross The expected price is <482 until breakout of the pattern. I will be using short dated call credit spreads to: Limit upside risk while maintaining a neutral position take advantage of skewed earnings IV Call Credit Spread Levels on Chart SL: 482 / or a minor that does not reach the ascending trendline at the bottom of the pattern PT: <482 TP: @ expirations *Stops based off underlying stock price, not mark to market loss The Trade BUY 8/25 487.5C SELL 8/25 482.5C R/R & Breakevens vary on fill. Manage Risk Only invest what you are willing to lose I warrant that the information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
NASDAQ:NVDA
by BarnardR
PAY ATTENTION TO THE WEEKLY TIME-FRAME ON GOLDDear Traders Whilst I see the obvious imbalance as well as the possibility of it being mitigated suddenly. Gold is still at risk of a sharp drop to the weekly supply zone with the possibility of closing the market gap created within the supply zone. The best way to make money from this metal based on what I am seeing is to wait and see if the imbalance would get closed/mitigated or if there would be a sharp drop to the supply zone or even the weekly "ORDER BLOCK" just below the supply zone as the correction may not be over yet. I am going to sell gold from anywhere between 2001-2022 or below from the supply zone with a reasonable lot size as I still see the possibility of the bullish order block being mitigated. Having said all this, there are still opportunities for a short buy to 1951-1958 whilst waiting to see what happens next.
FXOPEN:XAUUSD
by Olajireolapoju
woo usdt perpetual Hello fellow traders Greetings from team Trading The Tides lets talk about Woo which we been trading for the last 3 days and made around 30% in profits . today as the FOMC is really close and there many crucial Data down the line . First of all specifically today I don't see much buying in WOO , secondly Woo is creating more and more resistance to the upside , which make me think not to trade woo until it goes back to support and on atleast 15 min time frame creates a wick which in other sense gives idea about institution getting in to take the prices higher , so I will wait till then . My second opinion about woo is to break the lows of the symmetrical triangle on 4h , 1h and then we can plan a short trade again on the basis of breakdown structure with proper risk n reward . I don't take more than 2% SL so if the trade goes opposite , I will accept the SL and look out for other opportunities . Note : I am just a technical , fundamental analyst and day trader . Any info given is not a financial advice , i am only posting what i think is right , feel free to guide if u think i am wrong plz . Thanks .
by TradingTheTides
M-Pattern on Gold, W-Pattern on DXY - Where are they Going????Hello Traders, Looking at Gold, I see the opposite of the DXY but not so clean because of I think we have seen two major fundamentals in the last 1 year (The Russian/Ukraine war & The Silicon Bank Failure) that may have impacted gold. Going by M-Pattern price action Gold is a bit very tricky now, but I will sell Gold massively if I see a closure below the 1819 in the next couple of days or weeks but for now will be looking at bullish or bearish signals in lower time frames for entries. Gold requires a lot of patience but if the W-Pattern, the break, and retest of previous resistance, now looking like a possible support on DXY, then, we might see gold get back to the 1600 zone and if that breaks, we may see 1451 zone. For now, let's trade careful and focus on price action and not what we think as traders.
TVC:DXY
by Olajireolapoju
GOLD ANALYTICSHI ALL AND WELCOME BACK. YESTERDAY'S RECAP! As you can see from my last comment section i was anticipating for a MINOR PUMP up i saw it ending at around $1966-70 and we saw it but it extended a bit further to $1976, when all the other TRADERS were still concentrating on that fall i saw the RISE and it went accordingly and since i had an early entry i made good considerable profits. Today's analysis. We have our traps set at $1980 and $1983 once we see these traps broken then seeing $2012 won't be hard although at the same time you need to consider the candle pressure and Price Action Patterns. For a fall to be seen we need to see level $1963 and $1958 broken and once they are broken then seeing $1930 and lower is possible. Meanwhile looking at our charts carefully we can see that from the one hour chart we having a rebounce to the upside the same applies in 2 hour chart, 3hour and 4 hour chart, so generally speaking i expect to see $2012 today and after that then we will have room for further analysis. In our 1hour chart we could see a very clean DOJI CANDLE formed which gave me enough confidence to buy although i had to evaluate further, the DOJI candle is still in play as of now, acting up and giving us some extra $ meanwhile let's be extra cautious because we are actually trading in what we call a DOWNTREND on the MAKE, so all buys need extra evaluation in such a trend otherwise we might end up SCREWED CLEAN! The UPWARD move is possible and i'll be updating later on, but as of now let's look into 2012 with a bit of CAUTION!. Up until then, do wish you a wonderful trading day ahead! be back later with an update
OANDA:XAUUSD
by Ahmedshebe
2
SPY FED BLACKOUT I don't have a solid prediction on direction going into tomorrow on SPY. Im trying to stay neutral due to the daily candle being a absolute banger of a gravestone Doji....The line in the sand, the weird moment in tug of war when both sides are at a stand still and the wining team makes there move. I am feeling like the bears will win this overall, however im also seeing quite a bit of buy pressure on the smaller timeframes. So I could see spy pushing up to the low 399 area and then making a continued move up , or a fast rejection of that level for a blow out back down to low 385 range. This is a FED black out week , and major earnings week so I do predict this week will be pretty choppy with a lot of give and take on gains / losses. Again im staying neutral and might not even trade tomorrow. The main thing i will be looking at is the 9ema , and the 5sma getting pulled to the point of control as shown via volume.
AMEX:SPY
by popwarking
EURUSD move out the boxFX:EURUSD English: Hey, trader! Here we have the EURUSD in the 4h time frame.I delated every trendline,fib,sup,res. I'm just looking for a move out the Box and then try find e retest move to the box and then take an entry. There is one important news in the afternoon tomorrow. So be careful! Theis news can change the direction of the chart very quickly! Deutsch: Hey, Trader! Hier haben wir den EURUSD im 4-Stunden-Zeitrahmen. Ich habe jede Trendlinie, Fib, Sup, Res gelöscht. Ich suche nur nach einem Ausbruch aus der Box und versuche dann bei einem Retest zur Box einen Einstieg zu finden. Morgen Nachmittag gibt es eine wichtige Nachricht. Also sei vorsichtig! Diese Nachrichten können die Richtung des Diagramms sehr schnell ändern!
by NeptenFX