Yesterdays setup was very specific and for good reason. Our specific strategy for this short setup yesterday was designed to be able to resist any "fake outs" or simple upside that came from the pair at the key levels shown in those charts at that time. Yesterday's amount of short sellers who're either close to being margin called or already hav given us the...
It's been a super quiet day and one of the quiet weeks sor gross volatility so far this entire year. For those asking about why no signals have been sent: we simply can't take opportunities that don't exist. All position less than a 15 pip horizon have been stopped out today by gauging some fo the community outlets I use to gauge market sentiment. I understand...
AN exact entry will be posted to our telegram as usual.
EUR/USD Trade setup update: After a 20 pip move up yesterday, anda 20 pip move down today, it's tuff to remain patient with no price action. However, what I've seen is that thursday/Fridays are usually the busiest during the weeks for FX markets right now so don't give up this week just yet! Patience is key this week. I want to make sure it's obvious that when...
Here's requested TA for one of our V.I.P members. We're don't trade this CFD so this is purley technicals on the fly. Plat is one where you have a falling wedge that could develop and a break above the upper trendline that could be of interest. For now its choppy and the risk is in the immediate future since we're still declining in the longtime time frame and...
No trade for the Euro yet this week (yet), as we continue to deal with illiquid markets that are not allowing any opportunities to be taken advantage of yet this week so far. I'm ideally bullish for the Euro based on a technical perspective, but the fundamentals are why I am neutral until we get a decifson of price action for the Euro this week. Hopefully it...
Wyckoff developed a price action market theory which is still a leading principle in today's trading practice. The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and Mark Down. Two Rules of Richard Wyckoff The Wyckoff theory is based primarily on price action and the different cyclical...
Entries for this trade will be taken a s resistance is met again for the 3rd drive where we can look to enter long after any type of reversal pattern shown at the fib level of 61.8% from the previous low to the current structural high on the longer term 8-hr/daily time frame.
Watching 1.1 very closely today for either a rejection to the upside where we can take a long trade, or a break-and-sustain of the price shown in the chart. Being dynamic to either a long or a short entry on a contract for the Euro right now with this structure is key. There are confluences going in favor of both biases, with net short and net long positions right...
Shorts after rejection of the zone in yellow we've been watching for two weeks.
As markets continue to see headlines about delayed negotiations for the China and U.S. tariffs, gold continues to be stuck in what seems to be a longer term daily bull flag-- declining channel-- making well enough defined lower-highs and lower-lows. My downside target this week for gold is 1448, where I expected gold to react off of the previous resistance now...
Weekly Fundamentals: Nov 25-29 Looking at the week ahead, the majority of the fundamental data to develop will be around the major central banks and their respective leaders. In addition there are a few other things to keep in mind for this week. All times in UTC, GMT. ________________________________ Nov 26 -0:00 UT: Chairman of the FED Jerome Powell will...
Here are the current open options for EUR/GBP and GBP/USD that expire tomorrow at the 10am strike time (NYC, EST.) GBP/USD 1.2900 $323m 1.3000 $376m EUR/GBP 0.8500 €1.7bn Source: Bloomberg Terminal