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SPY Looking To Breakout - Cup & Handle Forming.From now on I'm going to be leaving my bias out of these posts as I wouldn't want to corrupt anyone else's bias. With that being said, I'm going to let this chart that I made for your review speak for itself. I will say one thing tho. If I had seen this setup before close on 7/10 I would've swung calls into today. Possible scenarios: (Trade with caution) Let's see how this turns out though. We'll either test $322 and breakthrough to complete the V, hit $322 and consolidate for a couple days, or see a strong rejection around the $320 price point, give or take. Here's a brief breakdown of the setup: A bull flag pending breakout with a cup and handle setup confirming a possible breakout. P.S. Please bare with me as I'm still fairly new to TradingView and learning how to better my analysis. Feel free to give me a follow or a comment if you like the setup. Thanks, Ola.
AMEX:SPY
by OlaOluwalade
XAUUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The price demonstrated an abrupt and sharp growth supported by the large volume. Furthermore, the upward movement was supported by the increased positive delta, which shows a significant imbalance of purchases. Volume Zones: We need to allocated the new level of resistance 1814.20 - 1816.20, which is being tested now. Sentiment: This indicator shows that 80% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). b.radikal.ru Consider Long Positions: Given all these factors, we may regard a scenario of the breakout of the resistance level, which will be a great bullish signal. The rise must be keen and supported by the large volume, which will be a more secure signal for entering the market. A stop loss may be placed below the breakout volume bar. Profit Potential: More than 100 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
OANDA:XAUUSDLong
by VARIANSE
1
GBPUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The price showed an abrupt growth supported by the large volume and broke out the previous resistance level. The large positive delta means that there is a significant imbalance of purchases. Volume Zones: We need to allocate the new level of resistance 1.2565 - 1.2585. The price is currently testing it. Sentiment: This indicator shows that 69% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). c.radikal.ru Consider Long Positions: Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar. Profit Potential: More than 150 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Long
by VARIANSE
1
GBPUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The pair showed a sharp growth and tested the level of resistance. The price did not break it out, but is still trading near it. The move was on the large volume, so that we may assume that the smart money pushed the price up. It increases the possibility of the further surge. Volume Zones: We need to allocated an important level of resistance 1.2528 - 1.2545. The price is currently trading near this mark. Sentiment: This indicator shows that 65% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). c.radikal.ru Consider Long Positions: Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar. Profit Potential: More than 150 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Long
by VARIANSE
2
A Scenario for Inverse H&S for PINS There is no clear sign that this formation can take place but taking into consideration a major correction coming up in the near term for markets in combination with some gaps that have to be filled i expect pins to form inverse H&S. Interestingly when pins announced the latest result the stock crashed back to $15. There are plentiful stock to be sold from the owners and the stock is following the market move and sentiment 100%. Waiting to build a position for the long term here.
NYSE:PINS
by Philoslother
XAUUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The price tested the support level, but could not break it down and then demonstrated an abrupt growth. Given that the pair totally swallowed the previous fall, we may state the weakness of sellers. Moreover, the large volume during the rise shows that the smart money is in long positions. Volume Zones: We need to allocated an important level of support 1760.80 - 1765.00, which contains the large volume. Sentiment: This indicator shows that 73% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). a.radikal.ru Consider Long Positions: Given all these factors, we may consider long positions after a smooth downward correction of the price. It will give us a better entry point to the market. A stop loss may be placed below the support level. Profit Potential: More than 300 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
OANDA:XAUUSDLong
by VARIANSE
GBPUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The pair demonstrated an abrupt growth supported by the large volume and totally absorbed the previous fall, which shows the weakness of sellers. Moreover, the large positive delta implies that there is a significant purchases imbalance in the market now. Volume Zones: We need to allocate a level of resistance 1.2528 - 1.2545. Now the price is trading near this mark. Sentiment: This indicator shows that 71% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). b.radikal.ru Consider Long Positions: Given all these factors, we may regard a scenario of the breakout of the resistance, which will consent us to open long positions. The rise must be keen and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar. Profit Potential: Around 120-130 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Long
by VARIANSE
XAUUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The price demonstrated an abrupt growth supported by the increased volume. As a result, the previous resistance level has been broken out. Besides it, the large positive delta shows that buyers are dominating the market. Volume Zones: The volume was evenly scattered throughout the rise, so we can't allocate any new volume level or zone. Sentiment: This indicator shows that 76% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). d.radikal.ru Consider Long Positions: Given all these factors, we should give preference to long positions. We may enter the market after a smooth and slight downward correction, in order to get a better entry point. A stop loss should be placed below the breakout volume bar. Profit Potential: More than 300 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
OANDA:XAUUSDLong
by VARIANSE
USDJPY LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The price indicated an abrupt and confident growth supported by the large volume. As result, the previous level of resistance was broken out. Besides it, we have to highlight that the large positive delta during this rise denotes that buyers are dominating right now. Volume Zones: We need to allocated an important level of resistance 107.70 - 107.81. The price is currently testing this mark. Sentiment: This indicator shows that 57% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). a.radikal.ru Consider Long Positions: Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar. Profit Potential: Around 80 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Long
by VARIANSE
XAUUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The pair demonstrated an abrupt and confident growth supported by the increased volume. Moreover, the large positive delta shows that buyers are dominating the market at the moment. Volume Zones: We need to allocated an important level of resistance 1778.10. The price is trading near this mark. Sentiment: This indicator shows that 77% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). b.radikal.ru Consider Long Positions: Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar. Profit Potential: More than 300 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
OANDA:XAUUSDLong
by VARIANSE
NATGASUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal: The price demonstrated a huge drop supported by large institutional volume and broke through the previous support level. Moreover, the large negative delta shows that there is a large imbalance of the sales. Volume Zones: We need to point out the support level 1.420 - 1.445. The price is now trading inside it. Consider Short Positions: Given all these factors, we should consider exceptionally short positions. We can enter the market after the breakdown of the support level. The movement must be keen and supported by the large volume, which will be a more accurate signal for entering the market. A stop loss should be placed above the breakdown volume bar. Profit Potential: More than 200 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
OANDA:NATGASUSDShort
by VARIANSE
1
USDJPY SHORT on Order Flow - Follow the smart money! Strong Bearish Signal: The price demonstrated a huge drop supported by large institutional volume and broke through the previous support level. Moreover, the large negative delta shows a significant imbalance of sales. Volume Zones: Unfortunately, the volume was evenly spread across the chart, hence, we can't allocate any new volume levels. Sentiment: This indicator shows that 70% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd"). c.radikal.ru Consider Short Positions: Given all these factors, we should consider exceptionally short positions. We can enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the beginning of the breakdown volume move. Profit Potential: More than 110 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Short
by VARIANSE
XAUUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The pair continued growing and broke out the previous level of resistance, which is a good bullish signal. The movement was keen and confident. Volume Zones: We need to allocated the new level of resistance 1761.00 - 1762.60. Now the price is trading nigh this mark. Sentiment: This indicator shows that 75% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). b.radikal.ru Consider Long Positions: Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar. Profit Potential: More than 300 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
OANDA:XAUUSDLong
by VARIANSE
EURUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal: The price demonstrated a huge drop supported by large institutional volume and broke through the previous support level. Moreover, this large volume shows that institutional money pushed the price down. Volume Zones: This formed a new level of resistance, which contains large market participants volume and was created during this move from 1.1241 – 1.1251 Consider Short Positions: Given all these factors, we should consider exceptionally short positions. We can enter the market after a smooth upward correction, in order to get a more profitable entry point. A stop loss may be placed above the new resistance. Profit Potential: Around 120 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Short
by VARIANSE
GBPUSD SHORT on Order Flow - Follow the smart money! Strong Bearish Signal: The price demonstrated a huge drop supported by large institutional volume and broke through the previous support level. The large negative delta shows that there is a significant imbalance of sales. Volume Zones: We need to allocate the new support level 1.2406. The price is currently trading near it. Sentiment: This indicator shows that 57% retails traders are in long positions, which is a good additional signal for us (trading against the "crowd"). d.radikal.ru Consider Short Positions: Given all these factors, we should consider exceptionally short positions. We can enter the market after the breakdown of the support level on the large volume. A stop loss should be placed above the breakdown volume bar. Profit Potential: More than 120 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Short
by VARIANSE
Where is SET going??SET is building up power to, either go bullish or collect more strength further down south. In a purely technical sense I am neutral, until it has closed in either direction of the last 5 days triangle pattern. Although the market has shown that the underlying sentiment is bullish. So my primary target is therefore, to go in the northern direction, to at first test the last highs around to 1450. If it is not happy with where it’s at now and needs to go further down south, then I see a couple of targets on the downside. First is at the long-term support around 1315 and secondly to test the gap island (from the Covid panic fall), around 1250-1300, I can also find FIB.618 at 1285 so just in the middle of my first target south of where SET is at now.
SET:SET
by SamuiTrader
XAGUSD NEUTRAL on Order Flow - Follow the smart money! Strong Bearish Signal: The price is trading in the middle of the local consolidation, where the large volume is concentrated. It means that the smart money is gaining its positions inside this area. Volume Zones: We need to point out the boundaries of the local range. They are the support 16.99 - 17.08 and the resistance 18.03 - 18.10. Sentiment: This indicator shows that 54% retails traders are in long positions, which shows that we may give preference to short positions (trading against the "crowd"). b.radikal.ru Consider Short Positions: Given all these factors, we may reckon new positions only after the confident and keen exit of the price. The breakout movement must be supported by the large volume, which will be a more accurate signal for entering the market. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
OANDA:XAGUSD
by VARIANSE
Long DXY DailyTVC:DXY has been most of the time in a strong Weekly Rectangle Trading Range. As Professional Traders we will seek to take the most advantage we can out of the market. The 7 day RSI as slight divergence that signals an upward trend. Another factor is the trendline forming at 38 degrees that is inline with the previous bearish trendline at 36 degrees. Price has recently bounced from a low at 96.00 . I would aim for the 98.50 level. Upward movement suggests that the USD will become stronger against other currencies.
TVC:DXYLong
by OT_Forex
XAUUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The pair showed a sharp growth and tested the level of resistance. The price did not break it out, but is still trading near it. The move was on the large volume, so that we may assume that the smart money pushed the price up. It increases the possibility of the further surge. Volume Zones: We need to allocated an important level of resistance 1741.30 - 1745.00. Sentiment: This indicator shows that 60% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). d.radikal.ru Consider Long Positions: Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar. Profit Potential: More than 300 points. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
OANDA:XAUUSDLong
by VARIANSE
EURUSD LONG on Order Flow - Follow the smart money! Strong Bullish Signal: The price demonstrated an abrupt growth on the large volume. However, the volume was accumulated at the top of this move and the price corrected downwards after that. We should also point out the presence of the local uptrend. Volume Zones: We need to allocated a new level of resistance 1.1393 - 1.1415. Sentiment: This indicator shows that 80% retails traders are in short positions, which is a good additional signal for us (trading against the "crowd"). d.radikal.ru Consider Long Positions: Given all these factors, we may regard a scenario of the breakout of the resistance, which will be a great bullish signal. The growth must be sharp and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss may be placed below the breakout volume bar. Profit Potential: More than 100 pips. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
Long
by VARIANSE