NAS100 TO RISE TO 12000 ? Last week the market showed that people have mixed feelings about the market right now which showed in a consolidation from 11400 to 11700. Last night the market down to 11380 and exploded to the upside breaking out of the consolidation no trade area which also serve to be a high volume node and create a triple bottom formation. Since this market broke out of consolidation expect to see the market slightly retrace. As long as the market does not retrace below the start of the lvn at 11700 you can expect that the market will revisit the 11960 area.
Look for a retest of the past resistance at 11700 and turn it into a support and look to take advantage of a bullish run to 11960 which would match the fall area that it made when it fell on June 28
Tradewithtravis
US30 BREAKOUT LOOMING US30 has been in consolidation for over 6 days now which is not surprising in terms of what phase of months we are trading in instead of trading the consolidation we are waiting on the market to break to large scale high volume node and capitalize on that movement
BUY STOP ORDER
Price 32025
Stop Loss 31960
Take Profit 32840
SELL STOP ORDER
Price 31705
Stop Loss 31805
Take Profit 1 31590
Take Profit 2 31410
Would love to hear your comments
US30 PENDING BUY VRTX TRADE US30 last week complete to fill the lvn gap, with the week of trading I do expect that the market may start to build a new consolidation area based off of previous hvn ranges back in June I would reframe from trading that area and wait until the market breaks out of that high volume node
US30 Buy Stop
Entry 33305-33320
Stop Loss 33140
Take Profit 34310
GERMAN 40 (DAX) PENDING BUY STOP VRTX Dax is showing signs that it maybe ready to breakout out of a large scale high volume node that started in early June if the market breaks out of that area there is a considerable amount of space that it can run to the upside
German 40 Buy Stop
Entry 13550
Stop Loss 13450
Take Profit 1 13840
Take Profit 2 13940
Be aware that on Thursday Aug 4 GBP will have their interest rate decision and monetary policy report
CASE STUDY VOLUME PROFILE SPX 500 By now you should know that I love trading volume profile and there is a potential BIG move about to happen on SPX500 look at my chart and tell me what you think is going to happen first.
Is this the start of another small consolidation or is the market ready to EXPLODE now?
TRADEWITHTRAVIS LIVE SESSION IDEA US30BUY TRADE
ENTRY: 30391
SL: 30348
TO 30468
TP was hit great job everyone
XAUUSD $5,100 BUYING OPPORTUNITY 93% PROBABILITY OF SUCCESS10/18 WEEKLY IS IN THE BZ WITH A CTL BREAK BULLISH, WE ARE IN A RETEST PHASE
ON THE DAILY WITH THE MARKET STILL ABOVE THE WEEKLY TREND LINE I WILL BE
LOOKING TO BUY LOW PRICES IN THE BUY ZONE UP TO THE 2HR (1,942) AND
DAILY D (1,965) EXT RESPECTIVELY
PLAN OF ACTION
LOOK TO BUY CTL BREAK BULLISH WITHIN THE
CHANNEL PLACE STOP BELOW THE "A" OF THE
SWING TP AT THE TOP OF THE CHANNEL IF THE
MARKET REJECTS THE OR TRADE UP THE 2HR
D EXT 1,942 AREA POC IS AT 1,948 GET OUT
BEFORE THAT POINT (RETEST AREA) OF BEARISH
BREAKOUT
PROBABILITY OF SUCCESS 93%
BUY LOW OF CHANNEL
POS 93%
ENTRY: 2 HR CHANNEL BUY
NAS 100 TRADE UPDATE DECISION AREA LOOMING 10/3 NAS 100 REACHED CREATED A NEW DAILY "C"
POSITION AROUND THE 11600 AREA AND THEN
BROKE A TRENDLINE TO THE DOWNSIDE CREATING
A POTENTIAL HEAD AND SHOULDERS PATTERN ABOVE
THE CHANNEL AREA THAT WAS FORMED ON THE 2HR
THE DAILY IS CLOSE TO THE SELL ZONE AND THERE
HAS BEEN A BREAKOUT SO GOING INTO THE NEW
WEEK I WOULD BE LOOK FOR A RETEST THEN A
REJECTION OF THE 11400 AREA TO DROP DOWN TO
THE WEEKLY .382 AREA AS A POSSIBLE LANDING
SPOT.
WEEKLY- UNDECIDED
DAILY- BEARISH
PROBABILITY OF SUCCESS 69%
USDJPY PENDING SELL TRADING OPPORTUNITY TO 99.20 9/30 THE ONLY PAIR THAT THE USD HAS BEEN STRONG AGAINST THIS WEEK IS THE JPY, THIS COULD BE FOR A COUPLE REASONS 1. THE MARKET IS IN CONSOLIDATION OR 2. THE JPY IS SLIGHTLY STRONGER THAN THE USD AND THIS WEEK THE MARKET IS JUST RETRACING. WITH THAT BEING SAID THERE IS AN TRADING OPPORTUNITY IF YOU GET IT IN AT THE RIGHT PRICE AROUND THE 106.17 AREA WHICH IS A POINT OF CONTROL AREA.
WATCH THE VIDEO FROM MORE INFORMATION IF YOU AGREE OR DISAGREE let's START A CONVERSATION
EURUSD SELL UPDATE TO 1.1400 AREA WAIT FOR HIGH PRICE 9/26 MARKET IS ABOUT 30 PIPS FROM HITTING THE DEXT AND NOW ITS
THE MARKET IS IN THE BUY ZONE. I WILL LOOK FOR A CTL TO THE
UPSIDE, I STILL DO BELIEVE THAT THE D EXT WILL BE HIT BEFORE THE
MARKET RETRACES AND GIVES A HIGH PRICE
POS RANK 66%
ENTRY: WAIT
AUDUSD $6,300 TRADING OPPORTUNITY 92% POS UPDATE 9/269/26 MARKET HAS BROKEN THE LONG TERM TREND LINE AND HAS A CONFIRMED THE
RETEST THE MARKET HAS MOVED TO HIT THE
DAILY D EXT. GOING INTO THIS WEEK I EXPECT A RETRACEMENT
TO GIVE A HIGH PRICE ON THE DAILY TO SELL DOWN TO THE
WEEKLY .382 AREA AND THE PREVIOUS 2 TARGETS.
1. POC .68850
2. DAILY .382 R5 . .6650
DIRECTION : UP (SHORT TERM)
POS RATING: 92%
NAS 100 TRADE UPDATE DESCENDING CHANNEL FORMING TARGETING 10,5159/26 XAU BROKE THE TRIANGLE TO THE DOWNSIDE AND CURRENTLY IS IN
THE BUY ZONE THERE WAS A RARE TWEEZER BOTTOM MADE ON FRIDAY
WHICH MEANS WE SHOULD SEE THE MARKET START TO PUSH BULLISH. WITH
THE USDX BEING OB WE SHOULD SEE PAIRS CORRELATED WITH THE JPY,
EUR, AUD & NZD SHOW SIGNS OF RETRACEMENT BEFORE STARTING TO
PUSH AGAIN BEARISH. IF THIS HAPPENS THE PAIR WILL COMPLETED THE
R5 MOVE TO THE DOWNSIDE.
POS 53%
ENTRY: WAIT UNTIL A COUNTER TREND LINE ON THE 2HR AND RETEST BELOW THE DESCENDING CHANNEL
WEEKLY: DOWN R5
DAILY: DOWN R2
ENTRY: CTL 2HR R2
POS: 71%