This is about switching trading modes ...and trying to recognize these conditions with as much awareness as you can bring to the market...as well as to your own process. Your trading is influenced by the market...and it is influenced by beliefs and assumptions you make about the market. I am trying to suggest a few thoughts about the market that I use...and...
Probably moving lower to the last higher low (structure0.
12.3.19 11am More happened on Gold from previous video today. At this point look for breakout failures in gold and the DXY. If you were a buyer, think about what knowledgeable sellers might be thinking...and vice versa when you are a Seller....and then adjust your target, your position accordingly.
11.27.19 Yesterday I uploaded a video suggesting that the dollar was going higher. Today is the follow-up in a quick review of that market. Next I discussed oil and talked about ways of taking profit and scaling entries and exits to make more money with less risk. And then I took an example using the oil chart of how markets are really much more likely to benefit...
This is about my personal rejection of a few of the quotes ( i.e. Plan your trade, trade your plan ). How some price action is much tougher to trade and is much more difficult to hit bigger targets, or to have smaller stops ( example given...as I see it ).
11.20.10 DXY Gold Oil: a look at reversal strategies factoring risk vs reward...including early risk vs risk from stater entries...and effect on ability to stay with a trade. Talked about 135 patterns.
11.19.19 A look at that complex, currently ambiguous relationship ship between the dxy and gold. I did not have time to say that I think the gold probably will go lower based on the price action and the recent correction lower followed by a weak 382 correction higher, but it also has too much risk if you use structural stops. I didn't get to this because I spent...
I'm throwing this up for discussion. The three key areas of the chart seem to show that a fall in the DXY is followed by sound recoveries in the S&P500. Be careful though, because I'm NOT saying that the weak DXY causes the S&P to rise like a phoenix. It's a community so I welcome different perspectives on this.
Who knew that a coil could be the source of so much misery.? A look at oil and DXY/Gold with respect to coils and how this can generate stress and counterproductive trading decisions.
Based on the location of the AUDUSD, if I were looking at the pattern, I would rather take a long position ( with reservations )...and yet the DXY favors the buyers ( which means the AUD could go lower ): in other words, I would gladly take a long trade here if I were trading your account.
gold, dxy, oil, copper, enph.
comparing gold to DXY; potential scaling technique for gold ( probably a little too risky here because of the very bullish three day move higher is the DXY.
Hi Guys Thanks to everyone who recently followed me on here This is my longer term outlook and what I'm seeing at the moment and believe is a good time to position in longer term trades and bias
these could turn into huge runners
leave a like and give me follow if this is something you interested in live entries here
here is another live analysis
another quick update, yes i did eventually get GU and UCAD reversed
now that all my initial positions are gone i can start risking the correct amount. This is where the fun begins