The last two days have been highly bullish, wouldn't you agree? Just enough to get buyers off their wallets to deliver a devastating blow. Last week we successfully sold US30 for 500 pips. I expect more of the same this upcoming week. I've Identified 5 Different Structures that give us a price cluster, at a significant market level. Details Below. Structure...
It's Earnings Season so we'll likely see a lot of volatility. We are also in a significant area of interest in the market, recession concerns are looming but I'm not convinced that the market is fully committed to this downward trend. Not yet. We've had multiple tests at the top of the range (Target 3), and the market seems to be moving lower. Targets 1 & 2 were...
I think the market will continue its downtrend, once price action reaches this zone. I anticipate a lot of choppiness and consolidation, so be patient with the entries and wise with the risk. If you get stopped out, again, be patient and wait for another opportunity at strong resistance. I identified 3 different structures here and used them to plot levels on...
What is your strategy? If asked, could you explain it to one of your friends or family members? More importantly, does it make sense? Is it clear? Teaching or Sharing your thoughts & methods leads to a deeper understanding of the content. If nothing else, speak aloud and hear your reasoning out of your own mouth before taking a trade. My current strategy is to...
Take a look at this chart, or any chart of your choosing, and tell me what you see! Not just the technical terms and the direction of the market but explain what you are seeing, thinking and feeling as you read the market data from start to finish. If you got the responses from twenty different people, you'd receive twenty different perspectives with twenty...
We are currently trading at a pre defined sell zone. There have been opportunities to catch quick moves and I think if we are to see a bigger move down then price action will respect this zone. You can place a runner at this zone at low risk that extends past the 1.272 or the 1.618. This may account for some market volatility. The trade I currently have marked...
Price action has finally reached our sell zone. FYI Price action extended to the 1.618 of the previous structure. Which is just above our previously established sell zone. I apologize, I attempted to post something on the 1 minute chart that showed a pullback area that was ideal before this down move. In any case though we are still in our zone for sells. You...
My first post. Lately I've been trying to nail down my strategy into something that I can act on consistently. Teaching or Sharing thoughts lead to a deeper understanding of the content so I would love to hear anything constructive from you market wizards. I've identified two structures here. #1: The Highest Swing High to the Lowest Swing Low. #2: The most...