I was tracking the daily range and the break of the trendline for the high high and we are now retesting the breakout zone of the trendline
and Im looking for the higher low .
This brings us to the main chart where Im tracking the big ECB candle from the 12th of September
-Notice we tested the lows but didn't break and after the test we broke the H4...
Previous trade ( idea below) Ended up with taking profit from the long and partial profit on the short
but ultimately breaking even on the failure.
Overall if you have been following these gold setups I was t rying to position for another long but the bulls showed too
much strength and we never pulled back.
What I was watching during the trade
-bulls...
Not much to do with this trade. Have been tracking when risk on would take profit and with SP topping near ATH's
and with FED hinting less rate cuts than expected I am ready to sell.
The 3 Slopes I Marked have been broken by the big red candle forming the lower LOW and breaking the 21 ema.
Not much else to do with this trade. I fib'd the move and the...
Selling all rallies on pound until further notice...
Top of the Range with bulls trapping all early (myself included) bears!
However we were prepared and all unknowing and late bears its our time to TRAP!!
Sold at 1.2550 SL above 1.2620 TP1 1.24 and then I will see if we have a bounce there
Will be tracking the official entry with confirmation of the...
If you have been following we have been tracking the pair since the 1.2290 area ...
We are now at KEY resistance and HUGE resistance evidenced by the Daily chart below
With Brexit looming, Pound is in a heavy bear market so staying a bull is extremely dangerous territory!
The current range is from 1.1950 -1.252.
We are in strong resistance territories...
With the news of the fed we should get more dollar strength but I don't expect to break the 1480-1560 range.
I am currently long after getting stopped from the news at 1489 area.
However on second look at my chart this will be a short term long and reverse sell from .618 fib of the Fed move.
We didn't break the critical level so the trend up is still...
-Over the Weekend we got fundamental news that skyrocketed the Oil to the Highs of $63
-Couple of hours ago, news came out that Saudi oil output will return sooner than normal
What does that mean for us?
-if we didn't get that recent news there was a good chance oil would have continued to rally without any major retraces due to oil shortages
-with the...
I have been tracking this for a while and it has been an all out war...
Good thing is the trend is your friend and we are in a heavy bullish trend...
Bears are running out of steam as we are in an ascending triangle aiming right at the 1507 area resistance
I took a long based on the break of the trendline around 1500 and got an entry on the retrace around...
Consolidation triangle has a breakout....
Looking for a simple retest of the 1.1040 area which is a nice retrace of the current move....
Also we finally broke below the moving averages so retesting in that same area of confluence..
Ill be looking to add in this confluence area in addition to my shorts from earlier in the weak (idea attached)
Note: Macd is poised...
Yesterday was a day of consolidation and the gold trade didn't pan as I expected but I am a permabull so price going lower
was just more opportunities to long...
I longed asia open and watching a break on this hourly trendline
The break happened already as I was preparing the post so I am watching as it approaches the 21 hourly ema.
It won't hold as you look at...
The NFP put a lot of pressure on dollar squeezing the dollar bull back into the accumulation zone from 19.40 - 19.75.
A lot of bulls still remain in this area and retail sellers coming into the trade late will get caught with there pants down because of bulls lurking to ambush them right below the .50 fib.
I expect price to make a LH ( lower high) and...
A little late posting on this however lots of buying opportunities!
Main thing to consider riskoff flows were taking profit and pretty much done across all risk assets.
Current Range is from 1495- 1560
We are in a great value are and on the hourly showing higher lows as shown below
Watch for entries down here placing stops below the lows aiming for the...
THIS IS A CONTINUATION OF THE SETUPS STARTED THIS WEEK..... CAN'T TYPE LONG AS MARKETS ARE MOVING....
WHATS TO KNOW....
-BULLS WHO HELD TOO LONG ARE TRAPPED WITH THAT BIG CURRENT WICK ON THE 4HR
- IM LOOKING FOR A CLOSE BELOW THE CRITICAL AREA... (MIGHT USE THE HOURLY FOR ENTRY BECAUSE OF THE SPEED OF MARKET)
- BUT ANY TRADES FROM HERE DOWN WITH STOPS ABOUT...
WHO GOT TRAPPED TRAPPED? BEARS GOT TRAPPED TRAPPED!!!
NOT GOING TO IN DEPTH BUT I TOOK THE BALLS OF STEEL ENTRY @ 1.2240
NOW WE ARE APPROACHING THE CONFIRMATION TRADE WHICH IS THE SAFE TRADE TO TAKE....
WHY IT WILL MOST LIKELY WORK WITHOUT WILD NEWS?
Because sneaky bears were too early and ran right into a trap!!
What to do now:
- wait for this ...
How's it hunting, trappers!! Did you know we are in a range on the pound? Its from 1.1950- 1.2560 Did you know the UK is in chambles and utter turmoil?
Well if you haven't. I'm here to help. Not save the UK but set you up for a monster trade!!
Note: Even though the pound is technically LONG overall the POUND IS OVERALL SHORT fundamentally!!
Here's why it...
THE TREND IS YOUR FRIEND AND EURO HAS BEEN SHORT FOR A LONG TIME NOW....
I WISH SOMEONE TOLD THE BEARS THAT...
TRENDLINE UP GOT BROKEN
CRITICAL GOT TEST AND BULLS CAN IN TO FIGHT HARD NOT REALIZING ITS NO USE
BEARS FROM THE 1.1080 AREA HAVE ANTICIPATED THAT TAKING PROFIT TO GIVE FALSE HOPE SETTING UP THE TRAP...
Here's what Im watching
-CURRENT BULLS WILL...
