Trading levels for 11/15/2018The market continues pushing lower but it doesn't have the same momentum, it looks like the bears are getting tired, and the bulls are ready to take over. We will be looking to take some longs at S1 or S2, and if the market pushes higher we like R2 for a possible short trade.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Forex-gold
Trading levels for 11/13/2018Hello traders i hope you had an excellent day, and took advantage of our analysis that worked out really well, too bad we don't trade the premarket or aftermarket, moving forward after that sell-off we should see a correction, we will be looking to take some shorts at R1 which is 6954, and if the market keeps dropping we will be looking to take some longs around 6700 which is S2 and 6640 which is also close to some fib levels.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 11/9/2018Like every fed day, we decided to take the day off from the charts, and i don't think we miss anything interesting. Moving forward our expectations are the same as yesterday, we believe that the market is going to push higher and there is going to be some nice opportunities to short the market.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 11/08/2018Nice run in the markets, we were trying to short R3, but got no setup at that level, therefore we pass the opportunity. Moving forward there is a lot going in the market and this what i see.
If market pushes higher there is a Gartley pattern formation around the 7300 level, which is the 1.27 extension, also around that area, we have the 88.6 retracement, and the 1.618 extension, all between R2 and R3. Just above those levels we have the structure level of 7368, and just above that we have the AB-CD completion at 7427 which coincide with the structure level of 7420. I will be looking to take a short from these levels, only if i get the setup that is written in my trading plan which is DIVERGENCE, also for those people that have asked, i don't hold positions overnight for the NQ, i am a daytrader, not a swingtrader.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 11/5/2018Last week the market broke the descending trendline and the 7000 level, so what's next?, Well we have some consolidation going on, maybe the bulls are getting ready to take over again, personally, i think the market it is going to go a little bit lower around the 6800 area where the 61.8 fib level lies, this would be an ideal place for us to start taking some longs, especially since the S2 level is around that area as well.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 11/02/2018So what can we expect after breaking the trendline?, for now, i think we are going to get some consolidation or a small pullback, we will keep an eye on volume to see if this market can move higher. Tomorrow depending on the volatility of the market i like YL and S2 as buying opportunities, while R2 it might be a good place to start some shorts.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 11/01/2018We had a great month of October, 32% ROI, volatility had a lot to do it, but also had a lot to do with us not taking so many trades that fit our strategy but not our risk, and that led us to the conclusion that patience and following your trading plan are the key to this game. Moving forward we can see the market taking on the descending trendline, but the 7000 level is key, therefore you have to be cautious about your decisions at this level because the bears can easily take down from here.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 10/31/2018Nice day for the bulls, however, this rally represents another HL, the bulls have to take the 7000 level and/or the descending trendline to push this market higher. Tomorrow we will be looking for selling opportunities around R2, and if the market drops i will be looking to take some longs around S2.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 10/30/2018Great volatility in the markets, although with more volatility comes more risk, that is why you have to stick to your trading plan and strategy. Today we had a couple of opportunities to enter the market but the risk was higher than what we have written in our trading plan, therefore we had to pass on those trades. Moving forward we have a pin bar in the 1H chart, maybe that will push the market a little bit higher, but until we can make a HH and/or the descending trendline is broken we will maintain our bear mindset.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 10/29/2018Hey traders, i hope you had a great weekend looking forward to Monday morning session. Tomorrow is going to be an interesting day, i think that the bulls are not going to let the bears make another low, of course anything can happen, but looking at vol Friday was an even fight, therefore it looks like we might be heading higher, especially if the market can take the last HL around 7075 and the descending trendline.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 10/26/2018The same story continues, the bears continue selling the rallies, today it took all day to move the market higher a couple of hundred points, and it took less than 30 min for the bears to bring it down. I understand there was some bad news in Amazon or something like that, but who cares, we knew the bears had the edge, they were just waiting to trap the bulls and the news was just the cherry on top. Moving forward i think that we still have some room on the downside, so the bears still have the edge, unless we break the descending trendline.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 10/24/2018Great volatility in the markets, too bad for us there was no opportunities to get in the action, however, that means that we are doing our job, which is to follow our system. Moving forward there is some momentum to the upside, but we are currently in a short term downtrend, therefore the bears are selling the rallies, lets see if the bulls have what it takes to break the descending trendline and take this market higher.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 10/18/2018The market is struggling to make HH's in the 2H chart, regardless I would like to see a rally to the structure resistance around 7420 to start some shorts, my sweet spot would be R3, but we will have to see if the bulls have what it takes. In the other hand, i don't think i will be looking to start a long position, i think that a break of the short-term ascending trendline can change things rapidly.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 10/17/2018Nice comeback, the bulls took over most of the day on Tuesday, but i think the bears are getting ready around the 7420 area, there is resistance from previous structure, and we have R1 in that area as well, if price reaches that level i will be looking to take a short. In the other hand, i like S1 as a place to start some longs.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
Trading levels for 10/15/2018Slow griding to the upside, i believe that the probabilities are to the downside. We have seen volatility increase in the last 2 weeks, for us, that means more trading opportunities, but also it means more risk, I had a couple of people asking me why i didn't take the signals from Thursday or Friday, and the reason is very simple, i only take trades if the risk is between 1 to 2%.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.