TradeApe

TradeApe

Oil has been in an upswing since March and we've only had 2 more pronounced pullbacks during the first 2 weeks in April. Since then, oil has been moving up for sideways without any drastic drops or pullbacks to the 100-period EMA. 60 is obviously a round figure and the trend has slowed down a bit since getting close to that level. Once it broke, we overshot a...

TradeApe

Oil's been amazing lately and the bulls are still strong with DI- close to zero. I got a few longs running already and will be looking to add positions after pullbacks all the way towards 70...or until trend strength switches to bearish. DI- had to cross 20 and DI+ for me to get out of my longs before 70. For now I'm going long above 59 but will be looking at...

TradeApe

The daily trend is pretty bullish with DI+ above DI-. DI- is ridiculously low. Given the multi-day rise, I'm expecting at least a bit of a pullback. I'm looking for long re-entries at 1.115 and 1.1. If it drops below 1.1, DI- will likely have crossed the 20 level to the upside again and I'd have to revise my view. A break of 1.085 would confirm a short trend....

TradeApe

Gold's been stuck in this stupid 1184-1214 range for a couple of days now, too long for a trend trader like me. My current line in the sand is 1184, so above only longs, below only shorts...at least until highlighted levels are hit. At those levels I'll reassess trend strength. If it's still going strong, I'll stay in trades...if not, I'm looking for reversals....

TradeApe

Had a few requests to share my chart setup, so feel free to make this chart yours and save the template. Indicators used: 1) Ichimoku to get an idea of general trend direction and key support/resistance levels. 2) Directional Movement Index to get an idea about trend strength. 3) Candlestick pattern indicator (hammers, etc.) for confirmation. Tbh, you don't...

TradeApe

Not religious, but please god, make it stop...break out already!!! 3 months without a new significant high. The top of the range in terms of opening/closing prices is around 2106.75. The bottom is at 2063.5. It's basically the stupid range we've been stuck in for 3 months now. We're getting really close to the top of that range, so it's breakout or reversal...

TradeApe

Not getting a solid long signal for EURUSD, so the way to go is (still) short. Moved my line in the sand down to 1.06 now, so above it long, below it short. For now I'm still short. Looks like the bears are losing a bit of steam. Then again, it was a slow news day...maybe they just went to the beach to chill a bit. Will reassess tomorrow, but my LITS probably...

TradeApe

Basically, WTI and brent will move in synch so I'll spare you the "it's gonna be choppy, likely reversal down, etc." stuff...just read the WTI analysis. My line in the sand is 58.5. Below only shorts, above only longs. Right now the bias is short! Will wait and see what tomorrow brings though.

TradeApe

For those who prefer an M15 analysis, here's a bit more short term detail for WTI. As per my H1 analysis, I got a long bias above 51.5. Having said that, the M15 suggests I can take shorts below 52.25 because there's enough space to hit my breakeven point on the way to 51.5. So unless something drastically changes overnight, I'll be looking for short term shorts...

TradeApe

Hi...welcome to "Choppy Land" where price reverts course around once an hour. :) If someone has a spare plane ticket to leave this horrible place, let me know. My overall short term long bias from last night worked, but wow what a choppy ride. My medium to long term bias is STILL short so I kinda expect price to take another stab lower eventually. 52 to 54's a...

TradeApe

Well, yesterday my short term bias was long, but never materialised today. Never entered a trade today and that weird spike up just didn't seem "right". Overall, DI- dominated which suggest the bears have been in charge. Will probably bump into 1200 a few more times before taking off. Interesting "fake spike" down this afternoon...guess a lot of people throught...

TradeApe

Getting close to the significant supply zone at 52-54...one that has held since February! We're also getting really close to breaking through the daily Kumo cloud on the daily and basically have a week left to drop before automatically breaking through it. Above my LITS at 51, I'm really only after longs. Having said that, the closer to 52 we get, the more...

TradeApe

My line in the sand (LITS) is at 2097.5. Above it, I'm only after longs...below, only after shorts. Kinda hoping for a bit of a pullback to the Tenkan, Kijun or Ichimoku cloud so I can hop in long for cheaper. Of course if my LITS breaks, my long bias is invalid and I'll be back looking for shorts. As everyone and his dog I'm expecting a correction for the SP500,...

TradeApe

My medium to term outlook is (still) short. WTI's about to enter a supply zone at 52-54 that has held since February. On the other hand, WTI's really close to breaking through the daily Ichi cloud and basically has this week to head south before automatically breaking through. Brent has already broken through the cloud by a few pips. Having said that, nothing on...

TradeApe

My medium to longer term outlook is SHORT. Having said that, I'm lacking a credible short signal on the lower timeframes and believer there's still room for further up moves. Possible targets include of course the 1225 region that has been tested multiple times before. The shorter term trend is up because we're above the Ichi cloud. However, right below where...

TradeApe

Given the absence of any credible long signals on any of the timeframes down to M15, I'm still looking for shorts. My line in the sand (LITS) is at 1.0625. I'll only consider longs above that level. ADX is right around the 20 level which is a very nice point for a breakout. DI+ being above DI- suggests the bulls are currently a bit stronger, so I'm expecting...

TradeApe

Pretty big supply zone right above us now...one that has held since February! Obviously not a guarantee, but I'm a seller above 52. Having said that, I don't want to see price cross through the Ichi cloud. This means any potential drop has to happen over the weekend or sometimes next week...because after that, we'll be out of the cloud. Crossing the daily...

TradeApe

So as per my daily analysis, I'm only really after shorts below 57.75. Having said that, it's not an exacxt science, so if that level breaks I'll be paying close attention to the 59.25 level...the previous high. If I get a good short signal there, I'm going to take it despite being above 57.75. If it breaks of course, I'm looooooooooooong until someone knocks me...