DXYDXY on weekly broke resistance level to return to our buy floor technically gbpusd,audusd,eurusd will suffer and face change in price direction.
dxy uptick is approved based on the close of the weekly candle.
Chart Patterns
LINK Jumping the creek at 13.00 DCA encouraged 200% gainnot financial advice.
I explain why i believe we are in a great area to dollar cost average into at current prices with a downside risk to the 7.00 range.
Like follow and comment and
always Think Like A Whale #tlaw
and always practice Patience as Patience is Key #PIK
Enthusiastic closeThe clothes in the S&P 500 on Friday was enthusiastic. This close implies that people are willing to go home long this market going into the weekend. It also represents confidence and the expectation of further movement to the upside. The next objective to the upside is 5825.
WHY SHOULD YOU UNDERSTAND TIMEFRAMES ? ITS ALL ABOUT PERSPECTIVEGood evening traders
I created a video for the more the beginner traders who are just getting into trading. However for those more seasoned this could give you a little insight on how to obtain more clarity and perspective when trading.
My goal here is to educate you on time frames in understanding the micro and macro of the charts you are looking at. Without the layers of perspective one can get lost in the chaos and not know where to start or what the trend is actually doing.
If you like this video please boost, if you dont like this video or want me to touch base on our trading concepts let me know in the comments below
Have a great weekend everyone
MB Trader
SPY/QQQ Plan Your Trade 10-4 End Of Week Wrap-upWhat a great week overall! My SPY Cycle patterns worked fairly well to target buy/sell zones 4-7+ days in advance and really provided some much-needed guidance for traders this week.
I've been getting emails and messages from many traders telling me how my research and SPY Cycle Patterns have changed their lives.
It sure makes things easier when you have this level of information about the future of price trends/ranges, right?
As we head into the weekend - let's take some time to help those around us that need our assistance. After the recent Hurricane, I'm sure people within your reach need a little assistance.
Remember, this is when we, as Americans, need to stand up and help fellow Americans.
Be safe, and see you on Monday.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Greer Zones (Buy and Sell Zones)Greer Zones Indicator
The Greer Zones indicator is designed to identify optimal buy and sell zones based on the Aroon indicator and Fibonacci numbers. It detects key market shifts by calculating the highest and lowest prices over a user-defined period, providing visual cues for when the market enters a potential BuyZone or SellZone.
Key Features:
BuyZone and SellZone Detection: Automatically identifies and labels BuyZones and SellZones on the chart, helping users spot potential entry and exit points.
Fibonacci-Based Calculation: The indicator uses the Fibonacci number 233 for its Aroon calculation, a common ratio in technical analysis, to find reliable trends and reversals.
Visual Zone Marking: The script fills the areas between price levels with distinct colors to clearly visualize when the price is in a BuyZone (red shading) or SellZone (green shading).
Customizable Options: Users can enable or disable zone boxes, customize the size of text labels, and receive alerts when a BuyZone begins or ends.
Midpoint and Price Extremes: Plots the lowest and highest price levels along with the midpoint to offer a complete view of the price behavior during the zones.
This indicator is ideal for long-term traders who want to simplify their decision-making process by identifying key moments when the market enters favorable buying or selling conditions.
XAUUSDTrading gold using market structure ,our focus is break of structure,support/resisitance,resistance/support,retest candle play back to retest zone.
from the floor the zone of 2624 ,2637, and 2645 have been buying zone, technically we expect correction with hope that 2700 will be possible
CONGRATULATIONS IF YOU LONGED THAT! MY NEXT TRADES! Here is my next local scalp long idea
1. Range deviation setup
I am waiting for a flip in market structure at the range high, before involvement, if we close above the range , watch out for a potential PO3 or a flip at supply
2. Deviation at range low
3. RIMC plays
Remember we still have ample demand and supply above and below us so we could get a reaction at any one of those zones.
Make sure to follow for regular updates and insights! 🔔💡
Watch video IN CHANNEL for full breakdown ▶️
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#500FOLLOWERS 🎉 #500GIVEAWAY 🎁
XAUUSDXAUAUSD will continue to see rise until we get into 2692-2688-2684.
THE yellow metal backed by Actual' greater than 'Forecast' non farm employment change which is watched by federal reserve FED.
GOLD will continue to see a push.
Understanding Excess Phase Peak Patterns In More DetailThis video helps traders identify and understand Excess Phase Peak patterns in more detail, particularly in relation to current market trends.
Remember, these patterns are the constructs of all price action/activity. So, if you can learn to see, understand, and trade these patterns, you should be able to pick apart any chart - on any interval.
What's most important is for you to build your knowledge and understanding of price data. Price is the ultimate indicator.
Indicators and other systems are great to help you see and understand what price is doing - but PRICE is the real RAW SOURCE of all data. So, learning to understand better what price is doing is critical to improving your skills and trading abilities.
Hope this video helps.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
"Inverse Head and Shoulders" pattern formed on CVX!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
Gold Shakeout - Fed Comments/UD-Dollar - Rally TimeGold saw a huge shakeout this morning, as the Fed commented, and the move in the US dollar put some extreme pressure on metals.
The funny thing is this move ended almost as fast as it started - and now metals are rallying again.
Why?
The Fed is trying to transition into a more global friendly position - allowing foreign nations to become more competitive with the US Dollar. China recently went ALL IN on a resurgence economy - betting the US Fed is going to move towards more Dovish rate cuts. This bet may be the downfall of China if the Fed changes direction near the end of 2025.
The US dollar is still the biggest, badest currency on the planet. As Gold rises while the US Dollar rises - you are seeing global traders attempt to hedge global risk factors in precious metals while the US Dollar/Economy continues to be the 900lb Gorilla of the world's economies.
Things could get very interesting through the US election. Sit tight - buckle up and prepare for some very big moves in the markets over the next 60-90+ days.
Get some.
Watchlist Update Post-NFP + GBPJPY Mini LessonExplanation as to why I did not entertain the GBPJPY sell I was looking at from my morning forecast video earlier today.
RTH & Overnight Price Action Review 10-3-24going over price action looking for clues as to what the market wants to do NFP today size down save mental capital for the weekend.
SPY/QQQ Plan Your Trade For 10-4 :Up-Down-Up Pattern (Counter)Today's pattern is an Up-Down-Up in Counter Trend mode. Thus, I expect to see and Dn-Up-Dn pattern today.
This pattern reflects today and the previous two days - as Down - Up - Down in range.
Overall, I expect today to be rather muted in terms of total range. Price should stay muted, sideways and drift downward overall.
Additionally, I believe the markets will be attempting to settle into support headed into dual base/bottom/momentum rally patterns setting up this weekend. I believe these patterns reflect a momentum shift that will launch the markets upward next week.
Gold and Silver will melt-upward today - likely attempt to settle the week near weekly highs.
BTCUSD is struggling to start forming a base near the 59k-20k levels. It will likely take 4-5 days for BTCUSD to actually build enough momentum to roll out of this basing pattern.
So, today is a day to prepare for the weekend and for next week's trading activity.
Sit back and take it easy today as price settles into the weekend's shifting momentum.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
GBPUSD SWING ANALYSIS - 04/10/2024It seems a head and shoulders pattern might be forming, but I haven't considered it yet since the weekly candle hasn't closed.
Traders looking at head and shoulders patterns can be targeted if the right shoulder reacts and brings in sellers.
Higher timeframes generally provide more reliable directional trends than lower timeframes, which is why I focused on the monthly trend.
Lower timeframes can be more volatile and are often affected by noise, quick price movements, and short-term fluctuations, so I decided not to switch to the daily timeframe for this analysis.
Are you patient enough to wait for the inducement?
XAUUSD | Trade Like This Pre And Post NFP | Key AreasGold has rallied continually and requires caution.
Here's why.
BTCUSD Analysis Today: Technical, Order Flow and On-Chain !In this video, I will be sharing my BTCUSD analysis today, by providing my complete technical, order flow and on-chain analysis so you can watch it to possibly improve your crypto trading skillset.
EURUSD Key Trading Levels/Analysis For October, Pre NFPNFP Data is coming out the US soon.
This may shock markets either way if its heavy, so here are levels to note.
Day Trading Sold Nifty Twice around 25400-4th Oct ’24Below mentioned points are discussed in my post analysis video(Fast forward to 1:08 for Hindi Audio)
-No trades in the morning
-No Volumes in the morning before 10
-Sold Nifty Twice around 25400
EURUSD Price Analysis: Preparing for Potential MovesEURUSD Price Analysis: Preparing for Potential Moves Before September’s NFP Data
In our previous analysis, EURUSD moved down nearly 200 pips as expected.
What might happen next ahead of the NFP data release?
📺You may watch the video for further details!
Thank you and Good Luck!
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
