Weekly Forex Forecast OCT. 28: BUY GOLD | XAUUSD!This weekly forecast is for Oct 28 - Nov 1st.
Gold is still bullish, and BUYS are still the best bet. The formation of the highlighted Weekly and Daily +FVGs confirm the bullish order flow. Buys are in order.
I will be avoiding sell setups in this market.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Community ideas
How I use ORB with Fibonacci Retracement to find (R) and Target.This video will explain how to draw FIB on ORB to find potential resistances and target.
Setting style of Fibonacci Retracement for first target 2.0%: (0%, 0.5%, 1.0%, 1.5%, 2.0%)
extension for Fib is to add another +1.5% incrament to Frist Target of 2.0%. (....2.0%. 2.5%, 3.0%, 3.5%)
how I find support and resistance of a trendTo understand Price Action, first thing we do is to look for (S) and (R) to help us read strength&weakness of price.
This video will explain how I find Support and Resistance of a trend.
I will provide example of what your chart will looks like throughout trading hours.
how to know which candle to draw (S)/(R).
Weekly Forex Forecast Oct 28th: S&P500, NASDAQ, & DOW This is the Weekly Forex Forecast for Oct 28 - Nov 1st.
The S&P500 and NASDAQ are neutral at the moment, but the trend is bullish. Patience will pay off if we wait for confirmations to bullish orderflow.
The DOW is looking weaker than the other two. It is clear the short term profit targets are to the sell side liquidity.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
cadjpy shortcadjpy at its weekly resistance with 90% plus short sentiments . so with trendline resistance and the the divergence on shorter time frames 1h, 4h with closing of first red hken ashi its best to play to a sell ride... until it reaches its daily support level and then a short buying opportunity ahead with confirmaton of support level bounce with bullish div till the fib 0.5 retracement happens. and after that the last one the trade of sell from the 0.5 fib level till our target area.... so hava a nice bearish ride ahead inshallhaa
Market Update - 10/27/2024Back in cautious mode as most indexes were poor, as well as breadth and got shaken out of the majority of my positions. Earnings are coming up which could bring some fuel into this waning rally. Or completely break it down, who knows. Whatever happens, I'm only 10% invested, so not risking much.
Palantir ($PLTR) IT MIGHT FINALLY BE TIME FOR A PULLBACK! 5 RY:NYSE:PLTR IT MIGHT FINALLY BE TIME FOR A PULLBACK!
Retail investors don't hate me for this. I'm a shareholder, too! DIP BUY INBOUND?!
5 REASONS WHY:
1⃣ We have DIVERGENCE on the Weekly Chart
2⃣ We have Volume Profile Gap Down
3⃣ It's a TRIM according to my Valuation Metric Tool (0/6 score)
4⃣ Top 5 gainer in AMEX:SPY
5⃣ Have a SIP and find out by watching. 👇
Stay tuned for more!🔔
Like ❤️ Follow 🤳 Share 🔂
Will Palantir finally have a pullback? What price would you like to load up on more shares?
Not financial advice.
Weekly FOREX Forecast Oct. 28: USDJPY Is a BUY This Week! The JPY has been weak and will continue to trend downward. The USD is supported by favoring fundamentals, and will likely continue its current bullish leg.
Patience will pay you this week. Wait for valid buy setups. Sells are countertrend and lower probability, imo.
Buy USDJPY. Sell JPY Futures.
Enjoy!
May profits be upon you.
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
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.
ALL STAR EARNINGS WEEK! Option Market pricing a 1.8% move/wkALL STAR EARNINGS WEEK! Option Market pricing a 1.8% move/wk
Key earnings this week :
Tuesday:
Alphabet after close
Visa
Wednesday:
Microsoft After close
Meta
Thursday:
Amazon After close
Apple
Economic Calendar key events this week :
Tuesday:
10:00 am Consumer confidence
Wednesday:
8:30 am GDP
Thursday:
8:30 am PCE index
8:30 am PCE (year-over-year)
8:30 am Core PCE index
8:30 am Core PCE (year-over-year)
8:30 am Initial jobless claims
Friday:
8:30 am U.S. employment report
As well of
End of Month and Elections following Tuesday on Nov 5.
Volatile week equals opportunity for day traders.
Stay Frosty!
Apple Calls Be careful!!!News: Apple will be reporting earnings on Thursday October 31.
Apple has a high of 237.49 that was created on Tuesday October 15, 2024. This high created has topped the previous high 237.23 created on Monday July 15, 24.
Pattern we are trading is is a ascending triangle tu the up side on the daily and 4hr time frame.
Every pull back has created a Higher Low (HL) which continues bullish momentum.
In the ascending triangle pattern, i have created two trendlines indicating support.
The dash line being the weak and the solid line being the strongest.
A potential minor or major pullback for SPX?🔉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!
Natural Gas is Ready For a Commercially Driven Bull MoveNatural gas is nicely setup for longs if we get a confirmed bullish trend change on the daily.
-Extreme commercial long positioning (most long they've been in the last 3 years) - bullish.
-Investment advisor sentiment very bearish - which is actually bullish.
-Undervalued vs gold & treasuries - bullish.
-ADX under 40 while commercials got extremely long - bullish.
-Bullish spread divergence between front month and next month out - bullish.
-Small specs at extreme in short positioning - bullish.
-True seasonal & some cycles are not supportive of going long, but these are the last things I look at. Enough indicators are supporting longs that I'm not going to worry about this.
-Bullish momentum divergence has triggered on some high timeframes, implying much higher prices are on the cards for Natty. There is also some smaller bullish weekly divergence currently setup (but not confirmed).
Have a good week.
COT Analysis - Currencies - DXY 6E & 6M SET UP FOR TRADES!COT analysis shows that the Euro and Mexican peso are nicely setup for longs upon a confirmation of bullish trend change on the daily. The only "fly in the ointment" here is that the DXY commercial positioning is still very bullish, which is a bit of a mixed signal. Ideally, we like to see the DXY & majors give opposing signals simultaneously.
That being said, 6E & 6M are nicely setup for longs upon a confirmed daily bullish trend change.
Have a good week.
Using Renko Charts to Uncover SECRET Bank LevelsRenko charting has a unique way of displaying price data by filtering out smaller fluctuations and focusing only on substantial price moves. With a setting of Average True Range (ATR) 13, Renko charts become even more powerful for finding key institutional levels—what many traders call "secret bank levels." These are the levels where large institutional traders place their orders, often leading to significant price moves. In this tutorial, we’ll dive into how you can use Renko charts with an ATR setting of 13 to identify these bank levels and improve your trading strategy.
What Are Secret Bank Levels?
Institutional or bank levels are price points where big players—like banks and hedge funds—are likely to buy or sell in large quantities. Retail traders can leverage these levels by understanding where the big money is moving, aligning their trades accordingly. Renko charts, with their clarity in price movement, help identify these areas by smoothing out noise and highlighting essential support and resistance zones.
Why Renko Charts?
Renko charts are designed to filter out minor price movements, providing a cleaner view of market trends by focusing solely on significant price changes. Unlike time-based charts, Renko charts print a new "brick" only when price moves by a specified amount, determined here by the ATR 13 setting. This brick-by-brick approach can reveal clear levels where price repeatedly finds support or resistance, often signaling where major institutions are setting up their positions.
Setting Up Renko with ATR (13)
Choose Your Charting Platform: Most charting software, including TradingView and MetaTrader, offers Renko charting. Make sure your platform supports Renko and ATR-based calculations.
Configure Renko with ATR (13):
Open the Renko chart on your selected asset (e.g., EUR/USD, GBP/USD).
In your settings, set the brick size to use the ATR indicator and specify an ATR length of 13. This setting is designed to adjust the brick size based on the recent average true range, capturing a balanced view of price movement.
This 13-period setting adapts to recent market volatility, allowing Renko bricks to reveal significant price movements that matter to large institutional players.
Adjust Timeframes:
Since Renko charts don’t follow traditional time-based intervals, switch between higher and lower timeframes (like the 1-hour or 4-hour charts) to observe different levels of institutional interest. Higher timeframes generally provide more reliable secret bank levels, but you can switch to lower timeframes for refined entry points.
Identifying Bank Levels with Renko and ATR (13)
Now that your chart is set up, let's move on to the process of identifying institutional levels.
1. Look for Brick Clusters at Key Levels
Renko bricks tend to form clusters at significant institutional levels. When you see several bricks stacked horizontally with little movement, it often indicates a zone where price is struggling to break through, either as strong support or resistance.
Use these clusters as potential entry or exit points, aligning with the institutional flow.
2. Identify Breakouts and Rejections
When price breaks out of a cluster or encounters rejection (where bricks reverse direction after hitting a level), you may be witnessing bank-level reactions.
Watch for bricks that quickly shift direction after hitting a level—these can signal that institutions have stepped in to either push price further or halt its momentum.
3. Note Patterns and Reversals at Round Numbers
Banks and institutions often place orders at round numbers, which are psychologically significant levels (like 1.2000, 1.2500).
As Renko charts with ATR (13) are sensitive to significant price changes, they can help highlight when price respects or bounces off these round numbers, offering clues to potential institutional zones.
Practical Example: Trading Secret Bank Levels with Renko
Let’s say you’re analyzing EUR/USD on a Renko chart with an ATR 13 setting.
Identify Clusters at 1.2000: After setting up your chart, you observe a cluster of Renko bricks at 1.2000, indicating a strong support zone. This level has held multiple times, suggesting institutional buying interest.
Wait for a Brick Breakout: You then see price breaking out with consecutive Renko bricks closing above 1.2000. This breakout suggests that the buying pressure might push prices higher.
Enter and Manage Your Position:
Take a buy position after confirming the breakout. Set your stop loss just below the cluster at 1.1980 to minimize risk.
If you’re looking for a shorter-term position, aim for profit at the next round number, like 1.2100.
For a longer-term trade, follow Renko’s direction, adjusting your stop as the bricks move.
Tips for Trading Bank Levels with Renko and ATR (13)
Trust Your Levels: Renko charts can simplify your analysis, but it’s easy to second-guess your levels. If you’ve identified strong clusters or patterns at certain price points, trust your analysis.
Use Alerts to Avoid Over-Trading: TradingView and other platforms allow you to set alerts at specific price levels. This way, you won’t need to stare at charts all day.
Thank you for watching and feel free to leave a comment to let me know your thoughts on Renko and if you see yourself using this chart type.
-TL Turner
WEEKLY FORECAST OCT 26th: SELL US & UK CRUDE OIL In this video, we will analyze the CRUDE OIL markets in the US and UK, looking through the lens of ICT Concepts.
Price has traded up into a bearish FVG, so therefore I am BEARISH. Price can turn neutral in this geopolitical environment, but maybe the inside bar will act as a harbinger of bearish things to come.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.