Wednesday 2.15.23 : Yesterday after CPI it looked like we could get our continuation lower after we took out 4123-19 Support but we failed to even tag 4103-4099 Key area for entrance back into T2 range where short covering came in and gave us a push back over 4143-37 telling us there is still good Daily Support in that area but the move higher failed to...
Monday 2.13.23 Review: Sunday Globex pushed the market over our 4103 Resistance opened above it and we got a long move towards our supply area which is telling us there are still buyers at the cost basis at 4084-77 but even with both attempts over 4143-37 Resistance weren't as strong and didn't give much continuation or rejection, which so far tells us that...
Thursday 2.09.23 Review: Globex made a move over 4143-37 Resistance into next resistance at 4168-62 where we failed to hold and once RTH opened we corrected inventory back under 4143-37 and held under giving us a signal for short trade towards lower support targets 4123-19 // 4103-4099 // 4084-77. The way the day started was thinking that there is a chance...
Previous Day: Globex built out structure over 4168-62 but did not have enough buyers to get us to our Key Resistance area for the day and once the structure broke under 68-62 we got our move lower in RTH down to 4143-37 which broke easily and opened the door for lower targets and a bigger sell off but instead it took us half a day to pull back and take...
Overview for 2.07.23: Globex held between Key Intraday Resistance and 4123-19 Support, once structure broke it gave us pre market flush towards 4100 but failed to tag it and we again ran out of inventory. During Powell discussion volume came in took us over 4143-37 Resistance to our second Key Intraday Resistance from where we can see bigger seller stepped in...
Review for Monday 2.06.23: Sunday Globex opened up and held under our Key Support of 4143-37 giving us a break into our Daily Support area under 4123-19 but found short covering front running 4103-4099 area, we took 3 attempts at it and all failed to reach which was telling us no lower continuation yet. We stayed in a tighter range as we thought we might in...
Friday 2.03.23 Overview: Coming into the day we had our Globex inventory around 4168-62 Support which broke overnight, 8:30 am data gave us a flush taking out lower stops and finding support at our Key Intraday Support 4143-37, RTH Open didn't waste much time and corrected the inventory back inside the value and up to Intraday Resistance at 4191-85 this is an...
Review: Today we saw that our suspicions about possibly finding a place to tighten up a bit to get ready for next move might have been correct, still have to see what we do in Globex but so far the information we have is we have accepted in this 4220 - 4137 intraday range, we have supply over 4220 - 15, we have built a support last night Globex under 4061 -...
Review For 2.01.23: Fun day with the Fed today, not sure I how missed so many signals today for a long trade and why I was so short biased coming into today after mentioning Friday that we had more in the tank the way we closed and from our pre Fed price action. If long at the break over 4084-77 was caught, it made a nice little run over our Daily Resistance...
I think it will go down to the imbalance from CPI at least 50% of it we shall see and then after rebalancing that area I think we will go bullish because of the swing failure
Price violated weekly and monthly lows but was unable to clearly close below those important lows. Helping me to establish a clear hypothesis of where price could possibly be going next. There is data that shows price wanting to move in a bullish direction, ending the month of august with a bullish outcome. there a couple of possibilities to look for during...
it is a patience game lol .I take my trades from the 4 hour Tf & use lower Tf for confirmations whether to close all add more . Currently the 4hr seems to be in trade range , however am just waiting for a break on the upside then wait for a retest to buy long .
Here is what stocks we are looking at this week! NASDAQ:AAPL Seeing a nice bounce off of 100sma and the .50 fib level. Looking to take a move over $143 with targets of $144, $145, and $146 NYSE:NET Nice consolidation and retest of old $112 support. Looking to take a move over $116 with targets of $118 and $120
Price is looking to move bullish this week, after making higher highs and higher lows on multiple timeframes.
Will be on watch for pops back to the 20d/quarterly pivot area for a fade.
Starting with the monthly chart here to show you just how major of a short trigger this has just hit. The bigger picture target would be the monthly 20sma if you were to want to swing it. But the r:r is terrible since you wouldn’t be wrong until it were to make new ATHs. So then how do you trade it? Thought you’d never ask! The first area I will watch would be...
In the following video, I break down the following pairs for August, trading week 2. Top 6 pairs featured: AUDUSD USDJPY CHFJPY USDCHF GBPJPY CADJPY Top 6 wild cards: GBPUSD EURUSD EURAUD May you all have a blessed trading week, and remember to use proper risk management.
She’s not there yet, but if Monday this can flush hard down to the ATLs, I think it should offer a decent bounce. Keep in mind, I would prefer it to just slam down there. If it just has a constant grind lower then I would most likely scrap the idea unless I saw some definitive higher lows being put in and giving me the ability to have clear risk. If it were to...