GoldBands

02:49

GoldBands

In this video I show you how I used the Opening Range / Initial Balance indicator for a winning trade of 100 points on the NQ. Please hit the LIKE button if you enjoyed this video and got value from it.

05:44

GoldBands

In this video I show you how I used the Opening Range and Initial Balance indicator to predict price. There was one real opportunity today to catch the rally of the ES. The pullback to the top of the Initial Balance at 8 am PST was a textbook long entry. *** I may have said NQ in the video. I meant the ES.

04:57

GoldBands

In this video I will show you how I took a very common setup with the OR/IB indicators. The setup is to fade the first touch of the IB range, after the range has been set. As you can see, price rejected at the IB high and came down to tag the Overnight High (the magenta line). This trade netted about 50 points on the NQ.

03:24

GoldBands

In this video I will demonstrate how to use my Opening Range / Initial Balance indicator to take profits on March 31, 2021. Please watch and LIKE if you find it useful. Thanks!

GoldBands

This current leg of the ETH move up, which started in Oct, 2020, has been tracking nicely on the keltner channel. There was also a nice hidden divergence (yellow lines) at the end of November that allowed price to cool off and the RSI to unwind a bit. The top of the channel is now at 728-745, another 15-18% from current prices.

GoldBands

SPY sold off today and gave 2 opportunities at hitting the 60 cent price target. The first one was the close of the 30 minute 8 am PST candle. The second was when price failed to close back in the OR and there was a doji on the 10:30 candle. If you buy puts on SPY, you could have easily made 20% or more on each. :-) FYI, the chart on the left shows my 2...

GoldBands

Price has so far failed to break the 5 minute Opening Range. If price does break out to the top, target is 323.27. If price breaks out to the bottom, the target is 320.52, which also coincides with the overnight low.

GoldBands

During the holiday season, there were more quiet days than normal where SPY did not meet the 60 cents extension off the 5 minute opening range. Today it did as you can see on the chart.

GoldBands Updated 

If SPY Sustains an Opening Range Breakout, Price Target is $321.50. Look for resistance at 321.23 which is the overnight high (pink line). The overnight selloff helped to reset the RSI Candles which are showing hidden divergence, a bullish continuation pattern.

GoldBands

For the first time in 4 days, SPY has hit the 5 minute opening range extension of the OR High + 60 cents. This is the cyan line on my custom indicator. Will SPY continue higher? I'll be watching price action plus my custom RSI Candle indicator at the bottom. As you can see, this price move up has put the RSI High above the 70 level. The Hull Moving Average on...

GoldBands

SPY is now on the 3rd day of failing to hit the 5 minute opening range extension (60 cents above or below the OR). This is very unusual and could be a sign of a big breakout coming.

GoldBands

On most trading days, the SPY will hit at least .60 cents from the 5 minute initial balance. It failed to do that yesterday and while it came close in the overnight trading session, it has so far today failed to extend past the opening range again. As rare as it is to miss that 5 min opening range target for 1 day, it's even rarer to miss it on 2 days.

05:47

GoldBands

Bitcoin is finding support at the 100 EMA. Can it continue higher? You can download my enhanced moving average and rsi indicators for free! (not investment advise)

08:47

GoldBands

Bitcoin continued it's 4th day of sideways movement but is making higher lows and lower highs inside the bull flag. The question is if and when it will finally be able to push back above the 12,000 level.

07:52

GoldBands

Bitcoin spent the day today trying to smash through the $12,000 level with an early morning push and now a late day push. The last part of the video I show how the alt coins are still moving lower against bitcoin and not showing any signs of reversing. (not investment advice)

09:57

GoldBands

Bitcoin continues bullish rise. I've added a new indicator bars_in_a_row, to the chart that counts consecutive bars (you can get it from the public indicators). We are hitting the limit of bitcoin consecutive days so having a down day does not stop the bull move. In the first part of the video, I called the confluence with the trendline and the fib level the .38...

GoldBands

The total crypto market cap, including bitcoin, is breaking above the 21 and 50 HMAs and the 21 HMA has now crossed back over the 50 HMA. Time to get ready for the next bull run. :-) ( Not investment advice)

GoldBands

Litecoin is currently trading between 2 support and resistance zones, roughly between 88 and 108. The top of today’s candle touched the 100 EMA but the fast 21 HMA has started to turn up. Also, the fast squeeze indicator has turned green and the slow squeeze has turned dark red, a sign of a potential upward move. We’ll see if price can break and stay above $100...