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Thirdeyetraders

Gold 120 Pips In ProfitGood day guys! This is just an update in regards to this trade I put out over in the morning. We did get the RSI divergence to the zone that was marked and our entries were placed. We are currently up 118+ pips in profit. If you were able to get into this position, be sure to trail your SL into profit. Do not be surprised if you see price head higher to form a topping pattern. We do appreciate you for checking out this post and remember, we will see you on the other side. Rodrick Goss (CEO) Third Eye Traders
OANDA:XAUUSD
by ThirdEyeTraders
Gold Sell Signal Priming & RSI DivergenceGood day guys! Gold has always been good to us. The relative strength index indicator is showing that price action is well over extended and bearish divergence is reflecting within the indicator. We do not trade the RSI alone. We use range of confirmations to put us on the right side of trades. Price action is approaching the previous support level and it is setting up for a phenomenal opportunity to treat that level as the new resistance. If price respects the previous support as resistance, you can see how this could cause price action to go higher, which I would like to see another LOWER High form within the RSI. This would mean that the gold sell signal is primed and ready. However, even though I do teach my students to understand price action down to the smallest detail, I am not a predictor of the market. I simply react when we trade live. Well we appreciate you for checking out our post and remember, we will see you on the other side. Rodrick Goss (CEO) Third Eye Traders
OANDA:XAUUSDShort
by ThirdEyeTraders
Bitcoin Rally Induces More Bag Holders Plus RSI DIVERGENCEGood day guys! Let me start off by saying that I do like Bitcoin and what it represents for us as retail traders. Now with that being said, I posted an analysis about two months ago or so pointing out the massive head and shoulder pattern. I received some disgruntled Bitcoin supporters. Then, a couple weeks later other big analyst started pointing it out as well. Mind you, we did profit from the 12000+ pip move to the downside and off the buying as well. Furthermore, with Bitcoin going as low as to the 29k mark. However, our stops were triggered in profit and we recognized the exhaustion. The exhaustion was presented at the neckline of the massive head and shoulder pattern. The unique thing is Gold had revealed the same massive pattern as well. We all know how that ended, before the massive rejection. You can check the previous analysis that was posted, I called that setup. Continuing on, Bitcoin is showing some extreme bearish divergence in the RSI, while price action continues to suck others into this rally. Understand this, when it comes to market structure, there is always a rally in a downtrend and a sell off in an uptrend. The bigger the rally in an uptrend, the bigger the drop and vice versa. When it comes to trading on higher time frames or from a macro view, it sometimes take time for you to see it through. However, that does not mean it is not going to happen. Those who have been following me knows that I am a long term trader. I look for setups that can be held for several days, weeks and if necessary months. However, I do provide intraday setups as well to snack on. You can see that we are approaching a level where this divergence is unsustainable. In conclusion, I still do see the price of Bitcoin going back to its 2017 highs to build up support. There is a high probability that if the 2017 highs does not hold up, it will fall through to find a new floor and that mean Bitcoin could go as low as $9700. This is not an opinion with no data. This is simply the technicals are telling a story in regards to where the price of Bitcoin could be headed. Most who are crypto traders know that when Bitcoin suffers, other cryptocurrencies go with them. This will be an even greater opportunity to buy at these levels. For beginner traders or those who are not as experiences I want you to understand this, Bitcoin is volatile and can move aggressively. Therefore, make sure you are aware of risk management before trading and consult with a financial advisor before entering into a position. If you enjoy seeing mark ups from us, feel free to leave a comment to let us know. Well we do appreciate you for checking out our post and remember, we will see you on the other side. Rodrick Goss (CEO) Third Eye Traders
BITSTAMP:BTCUSDShort
by ThirdEyeTraders
3
Gold + RSI Divergence (Click to find which one)Good day guys! My team and I have been milking Gold all week with 200+ pips trading live Tuesday, Wednesday & Thursday. However, I am simply updating you all on the overall move and that is downward. As price action demonstrates to break the previous high this week, you notice there is bearish divergence present within the RSI. With the relative strength index indicator providing us a strong confirmation of a market reversal, we are now waiting to check off all the confirmations within our checklist. In other words, just because the RSI indicator is showing signs of a reversal, it is not something we trade alone. If you notice our previous analysis around June 8-10th, we were able to send a last warning before profiting over 1200+ pips. However, that was a opportunity we were watching for almost 2 months. When it comes to trading as a professional, you have to digest that you will probably spend 5% of your time actual trading and 95% waiting. Due to the fact that the markets tend to range more than they trend, you have to be patient. We could see our move occur next week or it could be drawn out until the end of the month, until the next Fed meeting. In conclusion, instead of trying to predict, we simply just react. Well, we do appreciate you for checking out our post and remember, we will see you on the other side. Rodrick Goss (CEO) Third Eye Traders
OANDA:XAUUSDShort
by ThirdEyeTraders
4
Gold Misleading RSI Bullish DivergenceGood day guys! It has been a few days since my previous post. Those who follow me know that I am a long term trader, so when I enter a position, I look to hold that position for days at a time. On the chart, I wanted to show you what I found in common with all these positions I entered into as the trends continues downward. There appears to be price action rejecting the trend line/zone, an aggressive move to the downside with price action making lower lows and RSI making higher lows. This brings forth a small rally or price action ranging a bit before continuing to the downside. I am a probabilities and statistics nut, so I do not see why the odds are not highly likely to provide the same outcome. If you notice, price action is slumping over, which is bearish. I teach this in my advance teachings. Gold will have its run to new highs. However, based on the fundamental and fears of rising interest rates, I do not believe that time has come. In other words, "it is too soon." To gain access every time I send out an update, be sure to follow for my technical and fundamental analysis from tradingview.com . Well we do appreciate you for checking out our post and remember, we will see you on the other side. Rodrick Goss (CEO) Third Eye Traders
OANDA:XAUUSDShort
by ThirdEyeTraders
Gold Sell UpdateGood day guys! This is just an update in regards to the position that my team and I are currently holding. In my previous chart, I highlighted how the technicals would be looking to create a rising wedge before continuing to the downside. As of today, the markets are revealing just that. With over 1200 pips and counting, we are still looking for the markets to continue to sell off, because the US government needs the value of gold to be lower for the dollar to strengthen. I mentioned this in my latter post as well, I believe this is going to be the final push to the down side before gold takes off to unprecedented levels before bottoming out. Understand this, Jay Powell and the Fed has come out this previous week to try to calm the markets, but verbally stating, "this is unsustainable." He was referring to the money machines going rapid and inflation moving to higher levels. I believe a top is looking to form in the stock market. This is not financial advice, for I am not a financial advisor registered with he SEC. I do believe in transparency. Therefore, I have began shifting my portfolio to the emerging markets, gold miners, commodities, etc. However, I have learned not to bet against the fed, for they can print whatever and the markets loves debt. We do appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSDShort
by ThirdEyeTraders
2
Bitcoin's 4200 Pip Move (Profit)Good day guys! If you entered into this sell position on my previous post this week, you are up over 4200 pips and counting. If you look on this weekly chart, price action clearly has a lot of downside. The support could be at the previous 2017 reisistance. I mentioned how on the smaller time frames price is ranging in a rising wedge pattern. With so much euphoria around Bitcoin, everyone's goal is to buy the dip. The problem is what if the price keeps dipping. Listening to people like this is problematic, because they are not really traders. They are speculators. People only are winning, because of the fed. People think if you buy when it goes down, then they will get lucky and it will go up.I mentioned in my previous post how there is a massive head and shoulder pattern forming. I am a price action top down analysis trader who understands economics. In simple terms, I am a macro trader. I always use the bigger picture to guide me and zoom down on smaller time frames for imperfect entries. Humprey Neil once said, "Don't confused brains with a bull market." We do appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
BITSTAMP:BTCUSDShort
by ThirdEyeTraders
2
Gold Rate Hike Scare (Selling Continuation) 1300+ Pips [Profit]Good day guys! I am still holding my Gold sell. I see this being a possible 2000+ pip move to the downside. We could see a rally possibly forming a rising wedge before continuing to the downside. I believe this push will be the last push in this downtrend before breaking out to new highs. I am a Gold bug and I have been trading metals for 5+ years. I believe in economics and the markets will always win. However, with the Fed stating that there will be possible two rate hikes before 2023, this placed them inside a box they can no longer escape. Once the markets figure out that it is all smoke and mirrors, that is when I see the price of Gold going ballistic. We appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSDShort
by ThirdEyeTraders
Bitcoin's Massive Head And Shoulder PatternGood day guys! This is another setup I have been eyeing. Everyone is bullish on Bitcoin! I like bitcoin, because I see it as being digital gold in the eyes of this new MMT new style of investing. I was able to spot the head and shoulder at the top and profit off it with my students. Now, the writing is on the wall with this massive head and shoulder pattern forming. It is now working not he right shoulder. If you notice the right shoulder has been forming with a rising wedge pattern. This could be a massive move back to 2017's resistance to build up support. One thing to keep in perspective is Biden's administration cannot stand Bitcoin and they have been looking to regulate it more. When it comes to technical analysis, you have to understand that a massive sell off means a scarier and massive gain in the near future. Be sure to like and comment below on where you see Bitcoin going in the future. We do appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
BITSTAMP:BTCUSDShort
by ThirdEyeTraders
3
Gold 700+ Pips In ProfitGood day guys! Another update, I informed you all a day ago that I was still holding this trade. This trade has managed to return some serious profits. With the fed saying it is going to have at least rate hikes by 2023, this is bearish for gold and bullish for stocks. The problem is the fed cannot raise interest rates, because the bottom will drop out. As soon as the markets realized this, gold will go much higher. If you profited off this signal from me, be sure to like, comment and share your thoughts below. We do appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSDShort
by ThirdEyeTraders
4
Gold Sell 500+ PipsGood day guys! I hope you all are doing well. This is just an update, This trade has gone 500+ pips into profit after calling it. I am looking for this trade to possibly reset, by revisiting the lows again. Either it will fall through the floor or it will move higher, either way, we will be prepared to profit from gold. My sells are well into profit. I mean massive profit, If you received value from my signals, be sure to leave a comment below. We do appreciate you for checking out our post and remember we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSD
by ThirdEyeTraders
Gold Signal 300+ pips in ProfitGood day guys! I am still holding this gold trade with my three positions. Another phenomenal setup this was. I do anticipate the price going much lower, however, I have yet to see a sharp sell off. Those who took this signal, be sure to leave a comment below to share your appreciation. Also, a like will help out the traders view algorithm. We appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSDShort
by ThirdEyeTraders
Bearish Divergence RSI Gold AnalysisGood day guys! I have been patiently waiting for this setup to activate. However, price action for the past two weeks found a way to rally some more. This has led to the RSI Divergence continue on its path. If you notice the head and shoulder has formed on the 4hr, with he bearish RSI divergence, with the fed saying the end of last week they are wanting to tamper, the retail sales did not do as well, et cetera. There are many reasons to be looking into getting into this position. I do have three positions in 1904.36, 1904.28 & 1901.46). I do believe in trailing your SL into profit to ensure being a risk free trade. Remember, I am not a predictor of markets, for my trading is all about reacting. I just understand the technicals and fundamentals. Warren Buffet once said, "Be fearful when others are greedy and be greedy when others are fearful." Be sure to leave a comment, like and share this for your support. We do appreciate you checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSDShort
by ThirdEyeTraders
1
Sold Gold @ 1901Good day guys! Since my last post, you know I was expecting gold to sell off. For those who has been following me, you had two positions in which you profited from. For those who were received my third update on my sell entry, notice I did say the RSI was showing some extreme divergence. Now that price action has made a top at 1912, I do think we should see an aggressive sell off. Remember, the bigger the move, the bigger the move to induce traders in the wrong direction. Last, but not least, ALWAYS place your SL into profit, even if it is $2. No need to let a trade run back against you. This is key. The price of gold could continue in a bullish run, however, these charts are only my opinion based on years of trading and understanding market structure. A good take profit level would be 1881, if you are looking to get in out. Just do not ALLOW that to negate you placing your SL into profit, regardless. Be sure to like, leave a comment below in regards to if you agree or not. We do appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSDShort
by ThirdEyeTraders
Gold RSI Bearish Divergence And Bulls Are Over ExtendedGood day guys! I have noticed with the Euphoria and seeing how multiple indicators are revealing gold is in an over extended market. To me, it looks like the markets are in the process of forming the head of a potential head and shoulder pattern. However, just because the signs are there, does not mean the entry is perfect. I would love to see a sharp sell off to the downside. The dollar has fallen another 2% this past week and gold has had a rally. However, I still do not believe the big move in gold is in. With the sell off in most risky assets today, even in gold being a safe haven, that informs me that people are trying to take profit. Hypothetically, a lot of traders could be in margin trouble. I am not a predictor of the markets, but I do understand how the fundamentals and technicals work. I still see that the price of gold could go even lower, before we get our massive buying opportunity into the market. Usually, when interest rates rise, the price of gold fall and vice versa; when interest rates fall, the price of gold rise. However, I believe this time with the plethora money printing, this time we could see the price of gold going much higher. My sell entry is at 1887. Be sure to leave a comment below in regards to your thoughts in regards to gold. We appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSDShort
by ThirdEyeTraders
9
Gold Revisits Yesterday's Lows (In Profit)Good day guys! I am still holding my long term sell position with gold. God has revisted yesterday low's and gone even further. This could be the continuation I have been posting about, since my entry last Friday. I am still patient and I did take profit a couple intraday positions yesterday. My intraday positions SL's were triggered at 1825. I do believe that the price could be going much lower, based on the Fed NOT wanting gold to go higher for it represents the lost of purchasing power of the US dollar. People can stomach Bitcoin going higher, because it is a risky asset. However, they cannot stomach gold going higher for the reality is much bitter than sweet. The irony is that Bitcoin reflects the same thing. People just do not know it yet. In conclusion, I will continue to update you all on this trade. If you made money on this setup or any setups I have provided, be sure to like, leave a comment and share it with others. It lets me know that I am doing a good job. Well we do appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSDShort
by ThirdEyeTraders
2
Gold SELL PrimingGood day guys, as promised, I am delivering my first update of the week for this setup. The next update, should be our entry into the market. I want to see a possible last push to induce buyers into the market, following by a star pattern formation and an aggressive sell off. That is what I am looking for to get you all into this phenomenal setup. This could be a 1500+ pip move to the downside. I am currently in the trade, and my trade is taking a little heat right now, but that is ok. The toughest thing to do is to pick tops and bottoms. That is a losers game. Again, last week there has been a lot of bullish headlines in regards to gold. Usually, when I see this happen, it stirs up FOMO (Fear-of-Mission Out) emotions in retail traders. Then, the market delivers a massive blow to drain retail traders accounts. I am a long term trader, so I look to hold a position for days for maximum profits. Be sure to leave a comment below if you have any questions. We do appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
OANDA:XAUUSDShort
by ThirdEyeTraders
6