The Mechanics Of Trading - Part XII - 6-4-24 FlagsPart XII
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
Trend
SPx (JOB OPPERTIOUNITIES) Strong Volatile Technical Analysis of SPx
The price dropped from the price we mentioned in the previous idea and already stabilized under the support line which is 5260, so it is possible to touch 5226 and 5193 as well,
Bearish Scenario: As long as the price remains below 5260, it is likely to decline towards 5226.
Bullish Scenario: For a bullish trend to emerge, the price must stabilize above 5260, potentially pushing up to 5302. If the price surpasses this level, it may indicate the start of a new bullish trend of about 5347.
Pivot Line: 5260
Resistance Levels: 5301, 5321, 5350
Support Levels: 5226, 5193, 5170
Today’s expected trading range is between the support at 5193 and the resistance at 5320.
SPY Flag Apex Resolves Into Wash-Out Low - BULLISHSPY Flag Pattern resolves into a Wash-out low pattern - setting up a very big BULLISH price rally.
As long as key support near 524.70 holds, price should expand upward targeting 530-531+
Watch my other TradingVide videos to learn the Mechanics Of Trading. Everything you need to know is in PRICE.
USOIL - TOWARD 75.40Oil prices increased early as we mentioned, recovering from a six-week low after a significant 4.3% fall the previous day, which was the lowest point since mid-March. This drop was attributed to an unexpected surge in U.S. stockpiles, indicating softer demand than anticipated.
At the same time, market observers have pointed out that the Federal Reserve has kept interest rates steady, diminishing earlier expectations for a rate cut. PVM Oil Associates commented, "The reduction in borrowing costs may not occur as soon or as quickly as previously thought. It is similar to peak oil demand—consistently anticipated yet never realized."
Technically:
The price has stabilized within the bearish zone, having already breached the pivotal range between 80.73 and 82.24. This suggests a continuation of the bearish trend, with potential targets at 76.80 and 75.35. A further break below 75.35 could lead the price down to 69.78.
Conversely, if the price stabilizes above 82.24, it may indicate a bullish trend, potentially reaching up to 86.86.
Pivot line: 78.00
Support lines: 76.80, 75.35, 69.78
Resistance lines: 80.73, 82.24, 86.86
GOLD Weekly Outlook Technical Analysis of Gold
In our previous analysis, we identified a resistance level at $2,358 for gold. The price reached this level but subsequently dropped, continuing its bearish trend.
Current Week Outlook
This week, gold is expected to consolidate between $2,320 and $2,342 before breaking out in either direction.
Bearish Scenario:
If the price remains below $2,320, confirmed by a 4-hour candle close, it will likely continue its bearish trend toward $2,302. A break below $2,302 could initiate a further decline toward $2,273.
Bullish Scenario:
For a bullish trend to emerge, the price needs to stabilize above $2,357. This could propel it towards $2,378, and a break above this level would target $2,397.
Key Levels:
Pivot Price: $2,320
Resistance Levels: $2,342, $2,357, $2,378
Support Levels: $2,302, $2,286, $2,274
Anticipated Trading Range
This week, the anticipated trading range is between the support level at $2,257 and the resistance level at $2,273.
Impact of Upcoming Economic News
The gold market is expected to be strongly influenced by key economic reports this week:
Monday: ISM Manufacturing Index
Tuesday: Job Openings and Labor Turnover Survey (JOLTs)
Wednesday: ADP Employment Report
Thursday: ECB Interest Rate Decision (June)
Friday: Unemployment Rate (May) and Non-Farm Employment Report (May)
These reports could cause significant volatility in the gold market, impacting the price movements throughout the week.
USDJPY (Bearish trend )USDJPY technical analyse
The price has a bearish pressure because can be stabilized under the strong barrier which is 155.445, so the bearish station is 154.700 and 154.260, and the next bearish station will be activated by breaking the support zone means under 154.260 to get 152.850
Pivot line: 155.400
Resistance line: 155.950, 156.590, 157.970
Support line: 154.260, 152.850, 150.770
The expected trading range is between support 152.850 and Resistance 155.500
ETC - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 ETC has been overall bullish , trading within the rising wedge in blue.
Currently, ETC is undergoing a correction phase and it is currently approaching the lower bound of the wedge.
Moreover, it is retesting strong support zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green support zone and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #ETC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
The Mechanics Of Trading - Part X - EOD 2 Min ES RecapPart X - End Of Day 2 Min ES Recap
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
The Mechanics Of Trading - Part IX - ES Breakdown To SupportPart IX
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
SPx-Stocks Set to Open Higher on Rate Cut Bets and Key Jobs DataStocks Poised to Open Higher Amid Increased Rate Cut Bets and Key U.S. Jobs Data
U.S. rate futures indicate a 0.1% chance of a 25 basis point rate cut at the Fed’s monetary policy meeting later this month and a 14.5% probability of a 25 basis point rate cut at the July meeting.
The highlight of the upcoming week will be the U.S. Nonfarm Payrolls report for May. Additionally, market participants will be closely monitoring other economic data releases, including U.S. JOLTs Job Openings, Factory Orders, ADP Nonfarm Employment Change, S&P Global Composite PMI, S&P Global Services PMI, ISM Non-Manufacturing PMI, Crude Oil Inventories, Exports, Imports, Initial Jobless Claims, Nonfarm Productivity, Unit Labor Costs, Average Hourly Earnings, Wholesale Inventories, and the Unemployment Rate.
Technical Analysis of SPx
The price is likely to attempt to reach 5306, after which it is expected to follow a bearish trend towards 5260. Overall, the price is anticipated to consolidate between 5306 and 5261 until a breakout occurs.
Bearish Scenario: If the price remains below 5306, it is likely to decline towards 5260.
Bullish Scenario: For a bullish trend to emerge, the price must stabilize above 5320, potentially pushing up to 5347. If the price surpasses this level, it may indicate the start of a new bullish trend with further gains.
Pivot Line: 5305
Resistance Levels: 5320, 5347, 5390
Support Levels: 5260, 5226, 5193
Today’s expected trading range is between the support at 5260 and the resistance at 5320.
The Mechanics Of Trading - Part VIII - Learning PatiencePart VIII
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
The Mechanics Of Trading - Part VI - 2 Min ES ChartPart VI
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
US30 (Consolidation zone) Technical Analysis
The price increased by approximately 1.95%, perfectly reaching our previously mentioned targets.
Today’s Outlook: The price is expected to consolidate between 38,580 and 38,790 until a breakout occurs.
Bearish Scenario: If the price breaks below the support level at 38,580, it could decline to 38,400. Sustained trading below this level may lead to a further drop to 38,050.
Bullish Scenario: Stability above 38,790 indicates a potential bullish trend, targeting 39,050.
Pivot Line: 38580
Resistance Levels: 38790, 39050, 39350
Support Levels: 38410, 38020, 37820
Today's expected movement range is between the support level at 38400 and the resistance level at 39050
previous idea:
ETH - Make or Break Zone!Hello TradingView Family / Fellow Traders,
ETH has been hovering within a narrow range in the shape of a flat rising channel around a massive resistance zone $4,000 - $4,100.
What's next?
Scenarios:
1️⃣ Bullish - Continuation
The bulls maintain control as long as ETH is trading within the rising channel marked in red.
In this case, a movement towards the $4,000 - $4,100 resistance zone would be expected.
2️⃣ Bearish - Correction
If the last low marked in green is broken downward, we will expect the bearish correction to start leading to a movement towards $3,100 demand zone.
Which scenario is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
GBPCHF - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPCHF has been overall bullish, trading within the rising channel in blue.
At present, GBPCHF is approaching the lower bound of the channel acting as a non-horizontal support.
Moreover, it is retesting a strong support marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline.
📚 As per my trading style:
As #GBPCHF approaches the circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURUSD could turn bearishWith last week behind us, week 22, hopefully next week will be a little more volatile.
Last week was quite unimpressive, to be honest, with only one day of actual volatility. Wednesday was a nice day for profitability and really one of my most profitable in some time.
There are signs from Thursday and Friday, that the Bulls are going to push for the next session to drive prices higher. However, when you look at the order book on the buy side and see where the bulls have set up their levels of support for the upcoming week, there is a clear sign of uncertainty within their movement and they are actually planning for a lower than expected region.
I suspect that next week's upcoming news events are going to play a major role in the decision making process they have done as they have moved their lowest support outside the their previous methodologies. With more than a 10 pip distance between a second and third level support, I think they are concerned that a good portion of next week is going to drive prices lower.
The Bears aren't going quietly either or sitting by idly. They have already established a rough 10% resistance level in the orderbook. though it is only one level, I suspect this is going to change as the news events unfold. Time will tell, but I expect this week to be just as profitable, if not more so than a previous weeks considering the expected volatility.
The Mechanics Of Trading - Part VPart V - Deploying Success/Failure Techniques
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
The Mechanics Of Trading - Part IVPart IV - Decision Making (A vs B)
I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups.
Essentially, it comes down to three key components...
A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length).
B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low.
C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend.
Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated.
I go over multiple techniques in this video.
Fibonacci techniques and Fibonacci Price Theory
Anchor Bars (breakaway bars)
Using Fibonacci Retracements to identify key support/resistance levels for trending
Stochastics
RSI
Wave formations (ZigZag)
and Others
This video is designed as an instructional video to help you incorporate usable techniques into your own trading style.
Hope you enjoy.
XAUUSD (Toward 2327!!!) or yet... Technical Analysis of Gold
The price remains stabilized in the bearish area, as indicated by the closing of the 4-hour candle below the support line. The price is expected to move between 2348 and 2327. As long as it trades below 2347, a drop to 2327 is anticipated.
The bullish scenario will be activated if the price stabilizes above 2348, targeting 2364 and 2369.
Pivot Price: 2344
Resistance Levels: 2354, 2369, 2388
Support Levels: 2327, 2318, 2304
Today's anticipated trading range is between the support level at 2302 and the resistance level at 2355.
previous idea: