Well Well Well, Oil is back in the 60's with a threat of dipping it's toes in the 50's pool. This is a time where there is uncertainty in the market and everyone is panicking. If you add all of the news plays, one could go mad trying to catch every twist and turn Oil takes people on. anyway, What are we looking at? We are seeing Oil at the lowest point it has...
For those who do not already know about this coin, it could be worth looking into.With a market cap of $665,700,000 at the point of publishing this piece some would say it will be hard to do anything amazing. We beg to differ as even if it doesn't go on to do amazing numbers in times to come, it is definitely a coin we can get some X's off of. The use case is...
Short Term Long (until real confirmation) Things don't ever travel in a straight line in Oil. That's why people who enjoy volatility and risk tend to trade it. Now bigger picture moves will almost always shake traders out of great moves with retests of tops/bottoms and extreme highs followed by extreme lows. When you've been thrown around enough, you learn to...
So it is Very fair to say that the last 2 weekly candles have been very naughty indeed. For any EMA traders that took heed of the very important contacts with the 800 in the daily and the 100 on the weekly-provided they didn't fiddle too much-should have added substantial gains to trading account. Most of our traders in this team did at least 150% with the top...
Hibernating is a good thing to do for some species. Some store food and save energy. Some avoid unfavorable climate conditions and some do it to metamorphosize into butterflies/moths or whatever. We have definitely been storing food and eating good at team Squeeezy Trades. So what has happened since our "Beast Loading up" idea? - A drop to $83.4 on 090222 to...
Bullish View! Three 4 hour and twelve 1 hour attempts to break out into box below (top $91) have failed so far. In other words this support has held 90.7, 90.8 and 90.9 are the lowest levels any candle ventured on Monday. Pretty flat day in most time frames but what the day did allow was three 140 -150 pip shorts(From 01:00 UTC Asian), a 100 pip short and 70...
Believe it or not, all of this actually happened. The Vector candle system probably works best on Gold and US30 but for some reason we still stay adamant at being Oil traders. The main reason most people stop trading Gold is because they been stung on it a bunch of times. Well we are not going to lie and say that was not us too. The numerous references to 1680...
POSSIBLE RETRACEMENT IMMINENT - CAN REVERSE ANYTIME The Beast has been adhering to the boxes pretty well and after the literal wrestle with 88.37 (top of last significant box) price has been able to recover yet another of 2014's Red Vector Candles, give a nice drop and a beautiful long from the base of the move. Although this is a 4HR analysis, in the hourly -...
This is just an hourly view on what could happen. So since 280122 when we reluctantly entered a big long from 1780, we have been up to the same old scalping trick too. The conscious fact that there is a juicy Green Vector candle from 151221 at 1765 with a wick as low as 1753-54 one can never go long blindly even on scalps. 1764 just happens to be the bottom of...
Price action first checked into this box that it is trying to leave on 180122 (18:00 UTC 4hr candle) and has left it to the downside twice on 200122 and 240122 but officially returned in the box on the 4 hour on 260122 with a strong 4 hour candle (06:00 UTC). This box has provided quite a few trade opportunities including 5 longs and 5 shorts. Now we are seeing...
It is fair to say a lot has happened since everyone was reaching for the new high - including us. Now, the reason why since the first week of Jan we were short, then short scalping is because we know how price can be manipulated on Gold. From the very first Idea, we spoke of short scalping until the scalp becomes "the short" and holding on to longs from the best...
NB This is an HOURLY IDEA! So Wednesday can be a tricky day! We have a bunch of FOMC stuff going on today. This means that the chart can get disrespected in many ways before one's desired move happens. For this reason we are scalping again. Which ever way they want to manipulate price before the real move for today and perhaps the rest of the week, will...
Now this is definitely junction zone! IF WE FAIL TO BREAK THE CURRENT RESISTANCE THEN WE WILL COULD BE SHORT FOR A BIT Please try not to go long from here if you are not already in and if you do, expect lots of stop outs so may be best to scalp. We have Crude oil Inventories today,this is due to be used for some manipulation today. If like us, anyone is still...
Just an update since Asian Session open. STILL ON ALERT FOR FAILURES TO BREAK HIGHER (1847.5+) THEN ITS SHORT AGAIN! The additional 100+ pips that we are waiting for on the second of the 2 longs from yesterday have already been mad in a short and a long scalp (both 50+ pips) This means whether the long plays out or not we are Gucci! But seeing the last Green...
This one will be short and sweet! The beast Gave $1.30 in longs and just about closed above 85.7 (86) in the first 4hours of Asian session today. (240122) From the last idea it only manged to be long for $1.30 (130 pips) before dropping for a total of $5.11 (510 pips) after the $3.20 (320 pips) on Wed (190122) and $4.30 (430 pips) on Thursday.(200122) The weak...
So the long from 1830 of Friday's NY session got to its prudent target (1839) at 06:00 UTC. By 09:00 UTC we were triggered into shorts via sell limits at 1843 and were out by 15:00 UTC and into longs when 1830 held as support again. Love it when Resistance becomes support and holds. We entered 2 positions simultaneously one aiming for 100 pips and a more...
So since the last idea, The "Beast" came to within 9 pips of 88 and gave us 3 very good shorts from 19th (Wed). 87.9 - 84.9 ($3 or 300 pips) on 190122, 87 - 83 ($4 or 400 pips) on 200122 (Thu) and 85.5 - 84 ($1.50 or 150 pips) on 210122.(Fri) We closed 80% of shorts at 83 and entered new longs from 83 but closed 70% of them gracefully at 85.5 for $2.50 in the...
So its been an interesting week in Gold and it's great to see the Vector candles doing their job in the hourly and 4 hourly. We were done with the short scalps at 1810 and caught a sniper long entry at 1805.88 where a Green Vector candle was to be recovered by red which flipped and turned green. We pulled out majority at 1823 but re-entered more longs for the rest...