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Slope

Gold short on Slope Rider and bounce off pivot R1the Slope Rider by Savius has been signalling divergence all morning for short entries. Price has moved above yesterday's POC at 1254 and hit R1 at 1257.5 I don't believe it has the strength to break above daily MA 208 at 1260. I enter my short order with the protection of this strong resistances. watch out for stop hunters! target is pivot S1...obviously I'll close the trade earlier depending on how the day goes. check out my website for more info on Savius Slope Rider and how I'm earning a funded account with Earn2trade following my Trading Plan.
FX:XAUUSDShort
by FundedTrader
S&P500 short on Slope Rider and PivotsI think S&P500 is trying to push towards a resistance level at 2657, a high volume from yesterday and Pivot P for today. I've got my Sell Limit order up there. Keeping a tight stop loss at 10 ticks, market may be slowing down drastically today, tomorrow is Thanksgiving Day in US and Friday markets will close early. Target recent bottom of 2640. Prices are from ESZ8, december contract. see on my blog how my participation in The Gauntlet is going
FX:SPX500Short
by FundedTrader
GOLD Long idea on Pivot Strategy and Savius Slope Rider signalI'm expecting Gold to break above the Pivot P and go upwards to R1. Why? Savius Slope Rider has fired the buy signal, price is just getting out of the buy volume area and bouncing off the Regression Channel, and it's above the MA Hull, which is great! (the screenshot with all these indicators can be found on my website) I am not entering the order until price breaks above P, and retraces to it: this way I will enter the price with a confirmation (a standard Ross Hook), and keep Pivot as support and protection for my order (which works and is also very useful psychologically), it may take a while before Gold decides to make its move, so I don't want to be stopped out; or it may just as well change tend and go bearish. remember: we are not foreseeing what the market will do, we are reacting to price movement and managing risk! Target is top of Regression Channel, or R1: 1228, depends on how strong the trend is. Also previous POC is at 1229.
FX:XAUUSDLong
by FundedTrader
S&P500 short on savius Slope Strategy counter-trend signalI put a short order here now on Savius signal that the bullish is about to turn (both on 60' and 15' charts) Notice how similar the chart is to 2 days ago. Price also touched the POC of 2695 from 2 days ago. I am keeping a tight 10 ticks Stop Loss because I'm sure the price will try to push up to 2700 and 2704 (prices from S&P December, this SPX chart prices are slightly different because I believe are an average of more contracts, but the charts looks good enough for analysis) but volumes are low and I don't really think it will have the strength to do so. Target is Pivot P. Then S1.
FX:SPX500Short
by FundedTrader