After reviewing the chart for GC Futures, I believe there is prospect to the long-side. Based on the way I frame the markets, I would need to see a break (failure) of the opposing 61.8% level at around 1600 and then see a measured move long at a 50% level. Obviously smaller time-frames would need to confirm this at the time to be able to enter into any trade....
The ES has continued its way higher working its way towards the targets previously mentioned. Obviously it will never happen in a straight line. Patience is a virtue.
Hey Guys
Second video already! I do like this way of communicating!
Summary:
1. I haven't traded the GU all year
2. Missed short opportunity but that's fine.
3. Looking at shorts as mentioned in the video but will need confirmation if and when price gets to the area of interest.
4. If your strategy permits, you can trade both directions when a setup has...
Hey Guys,
I thought I would try out the video feature on Trading View. Excuse the background noise. As the video hasn't been scripted and it's difficult to explain how I frame the markets without spending over an hour going through it in detail, I did my best to convey my outlook on the EURUSD.
1. Larger shorts are still in play and have not yet failed.
2. One...
I don't normally follow Crypto-currencies if I am honest. I decided to take a look at the charts for the fun of it and it looks like price is targeting first target of the long setup that is in play currently.
That being said, I want to use this post as a basis to research and test my approach on other markets like the Cryptos for future use. I cannot say for...
Whilst I enjoy analysing the ES, I only day-trade the ES and never hold overnight positions. For situations where I swing trade, I prefer to use the SPY. Not enough time to go into why as I am just about to head out to run some errands. However, the analysis and framework of price is the same.
In future posts, I intend to show you at least one simple way I look...
Following from my last, I mentioned that the full half way back would be an area of interest for shorts if lower time-frames confirmed. I am still not in any swing positions because no confirmation was given. In fact, the full half way back 61.8% has failed suggesting from my way of framing the markets that price is due to head higher.
This recent move up in a V...
From my last post, I mentioned a break of the second measured move's half way back will result in a price move up toward the full half-way back. Although we haven't reached there yet, if price does go there, we can consider taking short positions. However, one would need confirmation short before any entries, from the lower time-frames. At this stage we have had a...
Following on from my last, I mentioned price could either confirm shorts at the 2nd MM or push higher toward the all the way half way back (ATWHWB). I have annotated the chart for your reference. There are a few scenarios that could play out. I am not in any positions at the moment for swing trades on the ES or SPY because I haven't got any confirmation on...
Looking at how price has moved higher sharply from the most recent lows, it appears as though profit-taking has started. Looking for price to enter the next short measured move. If price does, I will be looking to see if price can confirm a setup short for an entry and target down to 2626 - 2630 region. If price does move to the next 50% short area but fails it's...
Some interesting things going on with both the YM and ES as outlined on my chart. With everything being said, I am not in the game of forecasting, I am in the business of implementing my statistical edge (strategy). The way I frame the markets, I am looking at short measured moves on both YM and ES up until: A) there is a failure of short measured moves and a...
