Most of the time I'm using previous days or weeks average price . 50% of range . To find a long or short on my bias. So for GU my bias is long and I look for ave price of the range. Meaning I expect traders and market makers to pay half the price of the range. I'll generally wait for H4 support or resistance to form. Meaning a black followed by a white candle to...
Pullback and expand idea. Daily and weekly are long. Looked for a pullback using previous average price for the week
My thought is that the rest of this year will see corp earnings globally slow down into slowing growth and inflation globally.
So I'm a simple guy with a very simple idea. Price moves between areas of volume. As an example over head supply is very important to my views of markets. It is very easy to spot as you can look at higher time frames such as Weekly and Monthly. Then look at where it moves up and down through time. In the image below I show a black line to show where overhead...
GU break and retest for buys back to excess value levels
At control point and top of the range
That will do for now. I trade excess to balance point.
Market stays in balance around control points. Playing one to the next
Notice how price respects aveage price within the balance area
Fed funds rate is 0.1% Gold is a real yields play not a nominal rates play. Gold made a 3 sigma move due to US10's yield rising >0.6% Technically it's a buy at H4 S/R. Long term uptrend whilst fed is capping rates and expanding its balance sheet. Take some profit off at last R/S Looking really for the high. Entry was on M15 The fib tool has been changed...