So, I mentioned Bitcoin would get a pullback to around 100k one more time before it breaks much higher and heads to 120k. Let's see how that plays out. There's no indication to me whatsoever that Bitcoin price is trying to push lower from these levels which is a nice change. Giving buyers another opportunity because I don't think bitcoin will see 100k again...
Firstly, I prefer to disclose that I have CFD Long holdings in Tron. Now, I rebought only very very recently, this would be my 3rd round of buying in about as many month's, CFD's for mind encourage liquidity due to 'swap-rates' which are basically overnight holding rates because it must be remembered that we are mostly borrowing funds from our broker but that...
I will keep this brief as it might be a Fibonacci witch-hunt. The oil bull-run commenced in April of 2020 & that commencement is flagged with a green vertical broken line. Note the Fibonacci zero-level as well from 04/2020 and a trend line extended to oil's high price made in March 2022. You will see ChartPrime's 'smart money indicator' print a green bullish...
A weekly squeeze commenced at the start of December in the Gold price. Prior to that immediately is a pullback and there are 2 red candles in the chart below. Of course from mid 2024 we saw an uptrend in the Gold price and see my green trend line below price below. We know the drill, of what usually comes next after a consolidation and we know that Gold is...
I know that I posted just after New Year that AUDCHF was crossing up on the MACD Daily which is the big chart to watch for these reversals. I also made money today on AUDCAD Long and it was similar to this pair, in fact it was more oversold in recent days. I took the reversal on the 30 minute chart. Why would I take the trade on the 30m chart? Like most...
This is a setup involving the most important momentum indicator of all Volume and probably the number 1 ingredient that's needed for your trade to run towards a nice profit. Unfortunately where I am Australia, from here is where I do trading from, well the most important thing Volume is usually missing right through the morning session, but not always. But...
Bitcoin climbed through the stiff resistance near mid 90s near the start of London session today. The breakout candle was big but then the retrace was on and basically right back on Fib levels. The start of NY trading brought in some nice momentum helping to drive price back up, but then a double top emerges and that is sort of where the video starts. Sometimes...
This week we saw the groundwork set for an AUDCHF longs revival trade. We now have a nice cross-up of the MACD line up on the Signal line. For longs these are the best x-ups when they occur below the Zero-line like in all the examples in the following daily chart. These can make huge moves and gains lasting days, weeks or even months but they do not...
More to follow, the VIX has settled and the gold price has just cooled off a little coming soon into a buy on the 1hr and daily charts. Should take the earlier high of 2630ish.
I stand corrected on what I published last Monday right before the Asia session, I think a rushed analysis and when you see what you want to see in a chart to support an idea, it can all go wrong. Or did the USD$ have such a bullish week to turn the charts around in such a short space of time. I don't know but both the Daily and Weekly chart of the USDX have a...
Video is a trade I was on for educational purposes working on the very low timeframes. I noticed that on the Daily a neckline of what appears to me to be an M-TOP breach at the neckline. Think double top that has travelled down to the weak. part of the structure. More to follow
Here is another example of trading on the very low time frame. I was live here trading and I had 2 Short positions, one of which I close during the video. I would not say that being on the very low TF's is better. But what it does allow for is to see the way price is moving in the lead-up to the low timeframes 1-15 minutes. Down on the very low TF's you will...
Hey guys, This is an educational video approx. 10 mins. (may less I didn't check) on low timeframe trading so especially the 1-5 minute charts and combining it with very low timeframe charting 45 seconds down to 1 second.
The volatility has settled in Gold trading for now. Price has kept support at around the 50 to 55 level. So Gold has propped up during Monday. It really has not even looked like selling off and I trade Gold a lot and I can usually tell when they want to reverse the price for a bit. Buy around current price57,000 or 56,950 xauusd. Stop under a recent swing low...
If I got pre-emptive about an hour ago calling for Long-gold at 2655 or thereabouts, if that got you a stop out then my sincerest feeling for you and I would like to make it up to you. I have to literally pinch myself every time I take a trade here in currency or patricuarlly gold, becaues volume is reduced until London opens for business. Anyway I will be...
I won't comment much, I think you can make your own minds up looking at the chart of USDX, 1 x daily & 1 hourly chart and its the lower timeframes that are looking bearish for the US currency going into less than 2 weeks before Christmas.
You will see how and why the last RSI trade was very strong on this 4hr for gold. Well I usually run a 9ema 21ema and 50 or 55ema. You got it in 1. We don't pull the trigger too soon on an RSI or Stochastic XUP (oversold) or XDOWN (overbought) on the respective 20 / 80 levels on the Oscillators. Look at it this way. The crossing up or down on the 20 / 80...
The intraday chart around the 1hr and 2hr is a tad hectic with double / triple top, so the daily chart here has a triple bottom for structure support and a head'n' shoulders pattern which I dont think has triggered quite yet. This trade I recommended on Monday for a long position and these price levels are a bit of a bargain. If you wanted to buy in I would...