Indexes
MarketBreakdown | GOLD (XAUUSD), US30 Index, DXY, USDJPY
Hey traders,
please, check a brief technical outlook of 4 peculiar instruments in my watch list.
1️⃣ GOLD (XAUUSD) - Daily time frame 🥇
Gold remains very indecisive.
The price formed an inside bar candlestick pattern formation:
the candles are trading within the 8th September daily candle (mother's bar) and remain relatively weak.
Looks like the market participants are waiting for some fundamental trigger to decide the direction to push.
Daily breakout of the mother's bar range will be your trigger.
2️⃣ US30 Index - 3 days time frame 📈
We must admit that bulls look quite exhausted.
Bullish legs become weaker and weaker.
Analyzing the price action, the higher lows are respecting a major rising trend line.
While the market is trading above that, it still remains reasonable to expect growth.
Its bearish breakout, however, will signify the initiation of an extended correction
giving us a potential opportunity to buy the index at a nice discount.
Remember, that trading indexes, it is highly recommendable to avoid shorting and focus on trend-following setups.
3️⃣ Dollar Index (DXY) - 3 days time frame 💵
The market remains bullish.
The index is currently trading within an expanding wedge pattern.
Reaching its support recently, the greenback will most likely keep growing.
4️⃣ USDJPY - 12H time frame 🇺🇸🇯🇵
The pair is currently ranging and trades within a horizontal consolidation area.
110.45 is its resistance.
109.58 is its support.
For intraday trading/scalping consider the boundaries of the range.
Alternatively, wait for a range breakout as your signal to buy/sell.
❤️Please, support this idea with a like and comment!❤️
US30: Growth Will Resume Soon
Correctional movement is coming to an end on US30.
We believe that bullish continuation will resume soon.
The market already leaves bullish clues on intraday time frames,
so be prepared.
First goal - 35600 (current structure high)
❤️Please, like this post and support as with a comment!
S&P500 INDEX (SPY): Bullish Continuation & Bullish Trend
Trend following movement is expected SPY.
More pumping is expected.
SUGGESTED TRADE:
Trend Following Trade
Buy SPY( SPX500)
Entry Level - 4357.0
Sl - 4324.
Tp - 4477.0
Our Risk - 1%
Start protection of your profits from lower levels
💝Like this post for more free trades & signals.💝
DXY (Dollar Index): Important Decision Ahead
Many dollar pairs are standing on key levels today.
With a coming CPI report, the market participants
are waiting for the trigger to either push the greenback higher
or to finally start shorting it.
DXY is testing a historical resistance at the moment.
Bearish movement will initiate only after a bearish breakout of a rising channel on 1H.
That will be a decent confirmation.
For bullish scenario, consider a daily candle close above the underlined daily resistance
as the confirmation for a further bullish continuation.
❤️Please, support this idea with a like and comment!❤️
DOLLAR INDEX SHORT SETUP AHEADDXY update :
Trading at 92.10 have a key resistance at 92.30 sell will advicable on current rate and above target 🎯 89.50 and below levels.
Experts see deeper short setup ahead for dollar index. We can also see such movement on Non - Farm Payrolls this Friday.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
DOLLAR INDEX (DXY) Fall Continues!!! Where is the Next STOP?! 💵
Dollar index is very bearish for the last two weeks.
After a sharp bearish move from 93.2 level,
the price was consolidating for some time respecting 91.8 level.
The market formed a symmetrical triangle formation on 1H.
This morning its support was broken.
It may lead to a further decline.
Goals:
91.8
91.6
❤️Please, support this idea with a like and comment!❤️
US30 LONGHave a great Week Traders!
I'm waiting for price to close above the box to see continuation until 35k or even more. Failing to break that level will possibly mean a reversal and I'll be looking for sells!
MarketBreakdown | BITCOIN, EURNZD, GBPCHF, S&P500
Here is a brief technical outlook for 4 financial instruments that are on my radar.
1️⃣ Bitcoin (BTCUSD) - 3 days time frame ₿
I guess everyone was watching this sharp bullish rally from 29.500 level.
No wonder, the price is currently consolidating and trades within a wide horizontal trading range.
28.800 - 29.800 is its support
40.600 - 41.400 is its resistance
Yesterday the upper boundary of the range was reached.
For now, chances will be high that the price will keep trading within the range.
In order to catch the next bullish swing, wait for a breakout of the resistance of the range.
2️⃣ EURNZD - 3 days time frame 🇪🇺🇳🇿
The market is currently ranging.
1.71 - 1.73 is the closest resistance
1.66 - 1.67 is the closest support
For range trading consider these key level for buying/selling.
To catch a trend following move, wait for a bullish breakout of the resistance,
it will most likely trigger a bullish continuation.
To catch a swing move wait for a breakout of its boundaries,
sell in case of a bearish breakout and buy in case of a bullish one.
For intraday trading consider the boundaries of the range.
3️⃣ GBPCHF - Daily time frame 🇬🇧🇨🇭
The market is trading in a bearish trend.
The price is steadily going down within a falling parallel channel.
The price is quite close to the resistance of the change.
The next bearish move will most likely initiate from there.
4️⃣ S&P500 Index - 3 days time frame 📈
The index keeps rallying and currently trading in a noman's land.
The price formed a rising wedge pattern and currently, the market is approaching its resistance.
I expect a pullback.
For trend following trading, consider a support of the wedge.
❤️Please, support this idea with a like and comment!❤️
DXY (Dollar Index): Year's High & Potential Reversal Zone 💵
Hey traders,
DXY remains very bullish since the end of May.
However, with the recent price action, the market started to slow down.
The index is currently trading within a rising wedge pattern.
Signifying the exhaustion, bears are looking for a strong supply area to start pushing.
On focus is 93.3 - 93.5 area.
It is a potential reversal zone based on a current year's high.
Let the price reach that area and then look for a bearish breakout of the wedge as
the confirmation of a coming bearish rally.
Remember that if the price breaks the underline zone without any hesitation,
bullish continuation will be expected on the index.
❤️Please, support this idea with a like and comment!❤️
US30 looking to go 3 out of 3 🎯Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
Previous trade was covered by myself yesterday in a trade idea please see below.
Lets see if this trade can make it three out of three TP hits.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
The 3 Types of Traders. Who Do You Belong To? 🤔
There are thousands of different ways to trade the market.
During the last 100 years, various trading strategies and techniques were invented.
One of the ways to categorize them is to split them by types of traders.
Such a category type will lean on 2 main elements:
trading frequency and time frame selection.
1️⃣ - Scalper
I guess 99% of newbie traders start from scalping.
Trying to catch quick market moves and become rich quick,
newbies are practicing different scalping strategies.
What is funny about scalping is the fact that such a trading style is considered to be the easiest by the majority while remaining one of the hardest in the view of pros.
The main obstacle with scalping is a constant focus and rapid decision-making.
Scalpers usually open dozens of trading positions during the trading session, most of the time being in front of the screen constantly.
Paying huge commissions to the broker and dealing with complete chaos on lower time frames, the majority simply can't survive the pressure and drop, leaving the pie to true gurus.
2️⃣ - Day Trader
Day trading or intraday trading is the most appealing to me.
Staying relatively active, the market gives some time for the trader for reflection & thinking.
Opening and managing on average 1-2 trades per trading session, the intraday trader is granted a certain degree of freedom.
However, with declining volatility, quite ofter intraday traders get a relatively low risk/reward ratio for their trades,
3️⃣ - Swing Trader
Swing trading is the best choice for traders having a full-time job.
Primarily being focused on daily/weekly time frames, swing trading is not demanding for a daily routine and aims at catching mid-term/long-term market moves.
With an average holding period being around 2 weeks and opening 1-2 trading positions per week, swing trading is considered to be the least emotional and involves low risk.
The main problem with swing trading is patience.
Correctly identifying the market trend and opening a trading position,
the majority tends to close their positions preliminary not being patient enough to let the price reach their target.
Which trading type do you prefer?
US30 long moving nicely 🙌📈Long trade progressing nicely after last sell hit TP
Wasn't at the screen when this presented hence the late share.
All my trading is automated and this strategy is a strong one with great back tested results.
The proven known trading edge allows me to automate and carry on with my day.
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
UK100 long is live 📈👍Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
S&P500 Index (SPY) 100% Growth & Thoughts
Hey traders,
As you know I rarely cover indexes,
just because most of the time they tend to rally.
However, I noticed one peculiar thing that I decided to share with you:
Covid crisis & consequent bearish rally started in February 2020.
Just in 29 days, the index lost 36% of its value.
With multiple stimulus packages,
it took 139 days for the market to return back to all time's previous historic high.
Then a bullish rally resumed.
During the last 334 days the market is growing sharply.
What is exceptional about that is the fact,
that from 2175 level (being a covid low) the index grew by 100%.
Of course, it is not a signal for us to sell, however, with these number it becomes clear
how overheated and overbought the market is.
Can it go even higher? Of course, it can.
However, be ready for major correctional waves.
❤️Please, support this idea with a like and comment!❤️
FTSE100 make its 3 out of 3 😍👌I've said it before and I'll say it again win rate doesn't mean shit.
But, here we have a nice win rate coupled with a nice risk to reward of 1:2 for this strategy.
Alert is set ready to share the next trade should I be online - so ensure you're following.
All trade entry details are shown on the chart.
We are only ever looking for TP3 on this strategy the green lines are the TP target.
As always the trade history can be seen below this trade idea too for full transparency.
This chart pattern and sequence of trades also ties in nice with one my previous educational posts comparing systematic trading v subjective trading.
There is no subjectivity with the idea being posted here. Just a proven back tested plan followed to the letter.
Here's the previous educational post mentioned-
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Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
US30 making moves downward 📉👇One for the indicies traders among you.
Last buy hit TP now it's time for a sell.
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
Nasdaq, waiting for a correctionIt is at record highs
The VIX has been falling
I see more likely a fall than it continues to rise.
S&P 500 long in progress 🙂👍The last sell trade landed and now a long trade is progressing.
Trade details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
US30 long now valid 🙌☝️First US30 trade of the week has alerted.
Our script says it's time for a long after a successful sell closed out last Wednesday.
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren