$CRSP Trade Review -9.12%The stop-loss that I set for myself for the H&S invalidation play was absolutely obliterated today. We have broken below both the neckline of the head & shoulder and the support of the bullish channel. This puts the level of $84 to $110 absolutely in play.
Unless we are able to break back above the bullish channel and the neckline, the H&S pattern will complete itself. The daily RSI may be in the oversold territory now, but considering the nature of our correcting market, $CRSP earnings miss, ARK not adding to their position, lack of short-term positive catalyst, absence of media exposure, and a high probability bearish price action pattern, there is very little reason for $CRSP to sustain a higher price in the short-term.
As such, the downside risk for $CRSP is extremely huge. I will avoid entering a $CRSP position for the time being as I would like to wait for a re-test of the key levels before confirming a directional bias for a position. If we re-test the bullish channel's support-turn-resistant and H&S neckline but fail to break above either of them, we will likely be heading for the $84 to $110 level to complete the H&S pattern. Otherwise, if $CRSP manage to stay above them, I expect either a consolidation or a push for the resistance of the bullish channel.
This is not investment advice so please do your own due diligence!
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USD/JPY Trade ReviewAs a Trader. I try to find the areas and key levels where the Institutions and the Big Players are planning their trades. It is not an easy job. I use Supply and Demand, Trend Analysis and Confluence to try to find those areas. If you can find those areas, you can make huge profits because you are on the right side of the Market.
I posted the USD/JPY Analysis last week Tuesday. I was waiting for the Banks to put their next sell orders. If you looked at the chart, The Banks placed their 4th Sell Order on Friday at the Sweet Spot. Exactly as I predicted.
All my three moves were 100% accurate and in profits..First move (Sell), Second move (Buy), Third move (Sell)..The third move was the main move..150 pips in profit!!
Did you take this trade? I'm sure you are wondering if i can see the future..how did I manage to catch all the three moves? lol 😂😂😂
I cannot be right all the time..sometimes my analysis can be wrong, just like the NZD/JPY Analysis i posted last week. This is why you should always use a Stop loss.
The banks wanted to put their 4th Sell Order in NZD/JPY, but the US Fed news on Thursday made them to change their mind and NZD/JPY went up. So i had to change my direction to BUY.
This is the USD/JPY Trade (After).
S&P 500 review - Turning losses to profit by detecting changesCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 24 Aug 2020 trading session. In this video, I am going to show you the market recap during the last session and two trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). I will focus on how I detect the changes in the price action and turn the losses into profit in two trades. Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later.
Check out my daily market analysis video on last session if you haven't in order to better relate to the market recap and the trade review.
Bias - neutral (Day trading); bullish (long term)
Key levels - Resistance: 3430, 3500 ; Support: 3385–3400, 3377, 3350, 3320–3330, 3300, 3273, 3230
Potential setup - Look for potential reversal at the key levels to either long or short.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
S&P 500 trading the reversal with effort vs result analysisCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 21 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session and a potential trade review in the three-minutes timeframe (including entry, exit and the rationale behind). This is a reversal trade based on a test of the support level with Wyckoff's effort vs result analysis. Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later.
Check out my daily market analysis video on last session if you haven't in order to better relate to the market recap and the trade review.
Bias - neutral (Day trading); bullish (long term)
Key levels - Resistance: 3385–3400; Support: 3377, 3350, 3320–3330, 3300, 3273, 3230
Potential setup - Look for a test of the last hour bar from yesterday near 3377 and long on reversal.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
S&P 500 - Trading the FED minutes price action the Wyckoff wayCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 20 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session and a potential trade review in the three-minutes timeframe (including entry, exit and the rationale behind). I will elaborate more on how I would have approached trading the price action responding to the FED minutes. Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later.
Check out my daily market analysis video on last session if you haven't in order to better relate to the market recap and the trade review.
Bias - neutral (Day trading); bullish (long term)
Key levels - Resistance: 3385–3400, 3373–3380; Support: 3350, 3320–3330, 3300, 3273, 3230
Potential setup - Look for potential reversal at the key levels.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
S&P 500 - spot the changes to enter high probability tradeCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 19 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session and a trade review in the three-minutes timeframe (including entry, exit and the rationale behind). The trade was based on a high probability setup by detecting the changes in the trend with confirmation. Going forward, I will cover the bias, the key levels to pay attention to, my trading plan for the session later.
Check out my daily market analysis video on last session below if you haven't in order to better relate to the market recap and the trade review.
Bias - neutral (Day trading); bullish (long term)
Key levels - Resistance: 3385–3400; Support: 3373–3380, 3360–3365, 3320–3330, 3300, 3273, 3230
Potential setup - Look for potential reversal at the key levels.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
S&P 500 trade review - from false breakout to break downLast Friday price action still favored the story of supply absorption pending rally up to test the all time high. Narrow spread together with decreasing supply could justify this bullish scenario.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 17 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session and potential trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). I will focus on two trades based on the false breakout (up thrust) setup to trading the breakdown. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.
Check out my daily market analysis video on last session if you haven't in order to better relate to the market recap and the trade review.
Bias - neutral (Day trading); bullish (long term)
Key levels - Resistance: 3385–3400; Support: 3360–3365, 3320–3330, 3300, 3273, 3230
Potential setup - Look for potential long near 3360 upon a rebound.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
S&P 500 - analysis of a breakout trade with 3 entriesYesterday S&P 500 had a small spread candle with decreasing volume. This could be a sign of supply absorption before the next rally up. A failure below yesterday's low could see S&P 500 to test 3320 level.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 14 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session and trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.
Check out my daily market analysis video on last session if you haven't in order to better relate to the market recap and the trade review.
Bias - neutral (Day trading); bullish (long term)
Key levels - Resistance: 3385–3400; Support: 3360–3365, 3320–3330, 3300, 3273, 3230
Potential setup - Look for potential long near 3360 upon a rebound.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
S&P 500 no downside follow through - all time high is on track?Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 13 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session and trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.
Check out my daily market analysis video on last session if you haven't in order to better relate to the market recap and the trade review.
Bias - neutral (Day trading); bullish (long term)
Key levels - Resistance: 3385–3400; Support: 3360–3365, 3335–3345, 3300, 3273, 3230
Potential setup - Look for potential short near 3360 upon rejection or long on rebound from 3330.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
Two filters I use for confirmation to avoid early entryCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 11 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session and a trade review in the three-minutes timeframe (including entry, exit and the rationale behind). In this particular review, I will focus on how to avoid early entry by using two filters as confirmation. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.
Check out my daily market analysis video on last session below if you haven't in order to better relate to the market recap and the trade review.
Bias - bullish (Day trading); bullish (long term)
Key levels - Resistance: 3385–3400; Support: 3355, 3335–3345, 3300, 3273, 3230
Potential setup - Look for reversal signal near 3355 to long.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
S&P 500 - test all time high after supply absorption on Friday?Last Friday S&P 500 futures (ES)had an attempt to turn down but demand was observed at around 3320–3330 to support the price with a firm close, suggested supply absorption. S&P 500 should test all time high soon.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 10 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session and potential trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.
Check out my daily market analysis video on last session if you haven't in order to better relate to the market recap and the trade review.
Bias - bullish (Day trading); bullish (long term)
Key levels - Resistance: 3385–3400; Support: 3335-3345, 3300, 3273, 3230
Potential setup - Look for potential long opportunities after a test of 3335–3345.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
Low supply grinding up movement pushes S&P 500 to all time high?Yesterday S&P 500 futures (ES) had another up day with relatively low volume. Currently it is testing the gap resistance between 3310–3340. The character of the current movement is similar to what happened in Nov 2019, where S&P 500 inched up gradually with low supply level and low volatility until Jan 2020. Will that happen again?
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 6 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.
Check out my daily market analysis video yesterday below if you haven't in order to better relate to the market recap and the trade review.
Bias - neutral (Day trading); bullish (long term)
Key levels - Resistance: 3310–3340; Support: 3300, 3273, 3230, 3190, 3170–3180, 3105
Potential setup - Look for potential reversal setup near the key support and resistance levels. Wait for a breakout from the range between 3310–3330.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
S&P 500 Strong bias costs me a missed reward to risk ratio of 4As expected, S&P 500 futures (ES) continued to trend higher and closed at 3300 yesterday. It is expected to continue to challenge the all time high once it can surpass the gap resistance formed at 3310–3340.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 5 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session, plus trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). In one of the trades, I will focus on how I missed out a potential reward to risk ratio of 4 (or R multiple of 4) from a up thrust after distribution setup by having a strong directional bias. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.
Check out my daily market analysis video yesterday below if you haven't in order to better relate to the market recap and the trade review.
Bias - bullish (Day trading); bullish (long term)
Key levels - Resistance: 3310–3340; Support: 3300, 3273, 3230, 3190, 3170–3180, 3105
Potential setup - Look for potential reversal setup near the key support and resistance levels.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
S&P 500 trade review - sign of strength rally breakout strategyYesterday S&P 500 futures (ES) formed a beautiful Wyckoff structure during the non-regular trading hours (RTH). It sprang the previous swing low followed by a minor sign of strength rally and a test before breaking out of the down-sloping structure.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 4 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session, plus one trade review in the three-minutes timeframe (including entry, exit and the rationale behind). Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.
Check out my daily market analysis video yesterday below if you haven't in order to better relate to the market recap and the trade review.
Bias - bullish (Day trading); bullish (long term)
Key levels - Resistance: 3300, 3310–3340; Support: 3273, 3230, 3190, 3170–3180, 3105
Potential setup - Look for potential reversal setup near the key support and resistance levels.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
S&P 500 supply absorption with Wyckoff Effort vs Result analysisLast Friday S&P 500 futures had a reaction during the first four trading hours with increasing supply yet it produced a higher low (compared to Thursday) followed by a quick rally in the second half of the session and closed at the high of the range. This suggested demand came in to support the S&P 500 at at higher level based on Wyckoff’s effort vs result analysis.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 3 Aug 2020 trading session. In this video, I am going to show you the market recap on the last session, plus potential trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.
Check out my daily market analysis video last Friday below if you haven’t in order to better relate to the market recap and the trade review.
Bias — neutral (Day trading); bullish (long term)
Key levels — Resistance: 3273, 3310–3340; Support: 3230, 3190, 3170–3180, 3105
Potential setup — Look for potential reversal setup near the key support and resistance levels or breakout trade from the M3’s trading range.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
S&P 500 trade reviews on spring setup - false breakout strategyYesterday was a meaningful day for S&P 500 futures (ES) as there is obvious demand come in to absorb the supply while on the other hand, the US economy contracts nearly 33% in Q2, the steepest decline since 1947.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 31 Jul 2020 trading session. In this video, I am going to show you the market recap on the last session, plus four trade reviews in the three-minutes timeframe (including entry, exit and the rationale behind). Those trades were initiated during the London and US sessions and all of them are based on spring type setup, or the false breakout strategy. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.
Check out my daily market analysis video yesterday below if you haven't in order to better relate to the market recap and the trade review.
Bias - bullish (Day trading); bullish (long term)
Key levels - Resistance: 3273, 3310–3340; Support: 3230, 3190, 3170–3180, 3105
Potential setup - Look for potential reversal setup near the key support and resistance levels.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
S&P 500 - how to trade breakout with increasing winning rateYesterday bullish action in S&P 500 future (ES) with a commitment above the axis line at 3230 is constructive for a bullish case. As long as the support level at 3190 hold, S&P 500 should challenge higher targets.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 30 Jul 2020 trading session. In this video, I am going to show you the market recap on the last session, plus a trade review in the M3 timeframe (including entry, exit and the rationale behind). That trade was initiated during the US session and I will elaborate more on how to trade breakout with increasing winning rate. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.
Check out my daily market analysis video yesterday below if you haven't in order to better relate to the market recap and the trade review.
Bias - neutral (Day trading); bullish (long term)
Key levels - Resistance: 3230, 3260, 3310–3340; Support: 3190, 3170–3180, 3105
Potential setup - Look for potential reversal setup near the key support and resistance levels.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
S&P 500 spring type trade setup with effort vs results analysisS&P 500 futures (ES) failed to overcome the resistance at 3230 and the presence of supply on yesterday took the price down to 3213 in the last hour.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 29 Jul 2020 trading session. In this video, I am going to show you the market recap on the last session, plus a trade review in the M3 timeframe (including entry, exit and the rationale behind). The trade setup was based on spring type reversal setup with effort vs. results analysis and another potential trade was based on breakdown rising wedge pattern (e.g. shortening of the upward thrust). Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.
Check out my daily market analysis video yesterday below if you haven't in order to better relate to the market recap and the trade review.
Bias - neutral (Day trading); bullish (long term)
Key levels - Resistance: 3230, 3260, 3310–3340; Support: 3190, 3170–3180, 3105
Potential setup - Look for potential reversal setup near the key support and resistance levels.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
S&P 500 expects a rally to test the supply zoneYesterday bullish price action in S&P 500 futures (ES) confirmed the bullish bias formed in my analysis regarding the presence of demand as shown in the volume spread analysis. It is expected for S&P 500 to continue to rally up to test the supply zone near 3260 level.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 28 Jul 2020 trading session. In this video, I am going to show you the market recap on the last session, plus a losing trade review in the M3 timeframe (including entry, exit and the rationale behind). The trade setup was based on trading the sign of strength rally followed by the backup action and another potential trade was based on Wyckoff law - effort vs result. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.
Check out my daily market analysis video yesterday below if you haven’t in order to better relate to the market recap and the trade review.
Bias - bullish (Day trading); bullish (long term)
Key levels - Resistance: 3260, 3310–3340; Support: 3230, 3190, 3170–3180, 3105
Potential setup - Look for potential long entry after a test of the last hour bar from yesterday near 3225.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
S&P 500 shows presence of demandS&P 500 futures (ES) had two bearish bars on last Thursday and Friday, with the close near the low of the price range. It looks bearish at first glance yet with simple volume spread analysis (VSA) by comparing the bar on Thursday and Friday, we can spot the presence of demand on Friday's bar because with increasing supply level, the price spread is smaller with a demand tail. Shortening of the downward thrust was also seen in hourly (H1) chart.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 27 Jul 2020 trading session. In this video, I am going to show you the market recap on the last session, plus two trade review in the M3 timeframe (including entry, exit and the rationale behind). One trade setup was based detecting and confirming trend reversal and the second trade was based on Wyckoff law - effort vs result. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.
I encourage you to watch my daily market analysis video last Friday if you haven't in order to better relate to the market recap and the trade review.
Bias - bullish (Day trading); bullish (long term)
Key levels - Resistance: 3230, 3260, 3310–3340; Support: 3190, 3170–3180, 3105
Potential setup - Look for long entry after a test of 3190.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
Will closure of US consulate in Chengdu cause selloff in S&P 500China ordered US to close its consulate in Chengdu as a retaliation to US demand China to close its consulate in Houston. S&P 500 futures (ES) dropped -0.7% as of the current London session, slightly above 3200. Will the escalated tension between US and China trigger a meaningful selloff in the market?
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 24 Jul 2020 trading session. In this video, I am going to show you the market recap on the last session, plus a trade review in the M3 timeframe (including entry, exit and the rationale behind) initiated during the US session. The trade setup was based on a spring of the non-Regular Trading Hour (RTH) low followed by a reversal. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.
I encourage you to watch my daily market analysis video yesterday if you haven't in order to better relate to the market recap and the trade review.
Bias - bearish(Day trading); bullish (long term)
Key levels - Resistance: 3230, 3270, 3310–3340; Support: 3190, 3170–3180, 3105
Potential setup - Look for long entry after a test of 3190.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
S&P 500 trade review on how to detect and confirm trend reversalAfter a test of the support level near 3230 during the London session yesterday, S&P 500 futures (ES) rallied up and tested the swing high resistance at 3270. It is on its way to challenge the gap area resistance at 3310.
Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 23 Jul 2020 trading session. In this video, I am going to show you the market recap on the last session, plus a trade review in the M3 timeframe (including entry, exit and the rationale behind) initiated during the London session and held through the US session. The trade setup was based on trend reversal, which I will elaborate ways to detect and confirm the trend changes the later part of the video. Going forward, I will cover the bias, the key levels to pay attention to, the potential setup for the US session later.
I encourage you to watch my daily market analysis video yesterday if you haven't in order to better relate to the market recap and the trade review.
Bias - bullish (Day trading); bullish (long term)
Key levels - Resistance: 3310-3340; Support: 3265–3273, 3230, 3170–3180, 3105
Potential setup - Look for long entry after a test of the breakout bar from 3265–3273.
Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.