Weekly Chart: Traded into last week's bearish engulfing candle and then took out its low. Traded into a +POI (W+FVG), wicked near MT at 4236.6 Weekly Idea: Because we are bearish but entered into this +POI, with may get a bounce but would look to see if the PWL is taken out for a continuation lower. For now, I'm 505/50 on this mainly because of the W+FVG. A...
Weekly Chart: Price took out the PWL and the August low into a W+OB and we did close positively for the week. We did create the low of a W-FVG (not drawn but, it's there) and price closed near the middle of the weekly range, Weekly High 14906.5, Weekly Low 14429.3, Weekly Mid point 14667.9, Weekly close 14741.8. Weekly idea: Price took out lows into the W+OB but...
Hello Traders! Here I show simple ideas surrounding the weekly range. Hope you learn something new today. Keep it simple. Stop over thinking. Stop being Retail.
Hello Traders! Here is a brief breakdown to last weeks range. This is how I think about the market each week in its raw form. No indicators.
So far we've rejected the weekly high and pushed down into the LTF points of interest. Going into the premarket and NY session I'll be looking for signs of rejection to return to the upside or a continuation of the overall trend. Mostly favoring a neutral to bearish point of view on this but I don't mind reacting on movement to the upside for a buy if the...
We are trading within a range near the most recent low on the daily after a big move to the downside. Definitely still overall bearish but we are trading into HTF points of interest to the downside, basically buy to sell setup's in the making. Missed the trade yesterday off of the range high but that's okay. Lots of news today so I won't be so quick to pull the...
Hello Traders! Here is another weekly cast we are going to look at. Breaking the market down this way makes things more clear to see.
Hello Traders! Looking at the weekly range like the other pairs I recently posted. I advise trader to break down the week this way. It brings more structure to your trading plan.
Hello Traders! Here I am showing you another weekly range! This is going to be interesting to see how it pairs to the DXY and compares to the other majors.
Hello Traders! Here I broke the weekly range out into each day. This will give us a different way to view the weekly range and understand what each day may bring to the market. I want to expose traders to understand the markets are algorithmically programed. Time and Price is Key.
This pair has certainly moved to the downside followed by the bank's price manipulation around 1555.225-1555.400 You can read the post about where the current wave originated (the setup that I missed. Yes writing this isn't easy for me : Price closed below last week's and Friday's low. Monday was pretty quiet and low volume trading day as this pair didn't...
1. Long on break of Nov 8 weekly high 2. Strategy: Break of weekly high low range on strong volume 3. Target 1: 127.0% Fib extension of weekly high/low range - move stop to breakeven 4. Target 2: 161.8% Fib extension of weekly high/low range - take 100% profit 5. Stop: Below 89.0 Fib of weekly high/low range 6. Potential RR: 1:2.73 7. The break saw...
For a few weeks now we have been following this pair. Price is near the top of the weekly range. H4 - Based on the analysis above we can look for sell opportunities as we can see that there was an initial move down followed by a correction.