Easy_Explosive_Trading

Easy_Explosive_Trading Updated 

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...

Easy_Explosive_Trading Updated 

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.

Easy_Explosive_Trading Updated 

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...

Easy_Explosive_Trading Updated 

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...

Easy_Explosive_Trading Updated 

XAUUSD folded under pressure from GBPUSD sell off about 2 or 3 hours ago following Great Britains's GDP results which did not support the Pound but rather the USD. Price wound back from mid 90s to about 70s (early 70s). A double bottom has formed on TF's 5m through to 2hr. Basically, gold found support at yesterdays selling low and support level. 2673 at the...

Easy_Explosive_Trading Updated 

If there is 1 pair that has caused some up-down-up-down crazy, frustrating, manipulated-maybe price-action, stealing the show the past month or so would be GBPUSD. Further falls over the past 16 hours or so, with USD$ rallying following CPI data for USA. Well now its Great Britain's turn with the data in less than an hour. GDP is being released in the UK....

Easy_Explosive_Trading Updated 

Yes, it is all Aussie dollars lighting up today, Thursday. I also bought this one not long ago. I will take it longer term I think, especially if this bullish momentum continues from the very oversold lows.

Easy_Explosive_Trading Updated 

The AUD getting a good bounce from a very oversold AUDCNH. Price has rally'd and has formed a Top2 on 1HR. Look I think this is taking a bit of the wind out of the sails. I expect it to break-upwards again soon and it will short circuit this double top on 1hr. My feeling is that the horse has bolted and this will breakout much bigger today across all...

Easy_Explosive_Trading

See the daily chart and my white 200ema. I always like to see price respect the 200 and you can see this with a bearish daily candle down from last Friday and then Mondays Candle opens very supported by the 200ema. I am seeing other things on on intraday timeframes for example price is about to burst upwards out of a triangle. 3m time frame looks like price is...

Easy_Explosive_Trading Updated 

It's the big banks who are ultimately buying very low and riding the bigger waves. Here in the daily chart for AUDCHF and its recent price history whilst generally getting hammered lower into the oversold condition. Money can be made deep and low in price here, but it will only work if you get it deeply oversold around recent price history, where it has...

Easy_Explosive_Trading

XAUUSD has tried to get over 2676 a few times, its getting pushed back down to 2672 and is moving in that range, but it looks to me like its charts are coming into bullish aignment across the timeframes and the Daily, Weekly, Monthly are great for bulls.

Easy_Explosive_Trading Updated 

This one is travelling nicely in all of the high time frames. It seems to be the Pound is strong at the moment. At least against the banana republic nation Aust. & the sheep nation NZ.

Easy_Explosive_Trading Updated 

I wrote about a turnaround for GBPNZD about 10 days ago, buyers could be seen coming back into the pair. Then I went back a few months to the last bears-rally passed back to the bulls in GBPNZD and it could be seen that is was a fast and clean transition back to the bulls. So I have not looked at the chart much lately, until of course today. But here is why I...

Easy_Explosive_Trading

I took a position in USOUSD a couple of days ago on Friday, I felt it reasonable that oil was undervalued & with more money starting to flow back to households with reduced interest rates worldwide, albeit Australia and soon to become a 'banana republic' as it was supposed to become a a couple of decades ago. So, oil I tip may be breaking out and if you take a...

Easy_Explosive_Trading

The chart is a about 2.5 years of weekly pricing of the US Dollar Index USDX. Simply, illustrating 3 examples of positive divergence for the Dollar and why the $-rally has grown to such an enormous force here at the end of 2024. My analysis left me wondering about the high to lower-high on RSI which over the same 2.5 years led to a higher high recorded in...

Easy_Explosive_Trading Updated 

I don't follow the news much these days, but the safe haven thingy is not going away, Middle-east, Russia, North Korea, it seems to be the cool thing for a leader to do is start a war. Enter the Gold-price & its safe haven attributes. I had written Gold off the last few days, doing its daily up and down liquidity checks and price not moving much on Friday....

Easy_Explosive_Trading

I used to be a shocking chaser of news events and finance data, you know the important data that gets released at about the same time the NY session opens, give or take an hour or 2. But lets focus on the strategy that puts you in a position to win. If you like charting especilly being able to read things like where the demand levels are and where the supply...

Easy_Explosive_Trading Updated 

So bitcoin has been retracing back to a Top 2 and well it looks like it might be on a mission to break 100 this time around. I think a few traders including myself making emotional decisions to help it get through this time, I was temped to buy it again about 200 points down only a few hours ago. It sort of makes sense that this could be the time to crack 100...