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ZSH2021

Week 08: ZSH2021 Wait for a break to SellPatience is one of the key traits in trading. Last week we did not see much action, the price is ranging in a tight movement 20.4 points for a whole week. This week we are still waiting for a confirmation to short the market: (1) Price level at $1,390 is being respected and currently creating a "fake out" line. (2) My reversal zone remains at $1,400 (for now) (3) The sign of going down will be confirmed when $1,370 is broken. Overall, my view remain bearish with the following trade plan: Sell Pending Order at $1,400 Stop Loss at $1,410 Take Profit at $1,322 RRR = 7.8R I will monitor on daily basis too, shoot me a question if you need any clarifications or exchange ideas.
CBOT:ZSH2021Short
by machintose
9
Week 7: ZSH2021 Let's wait to SELL againMy overall sentiment is still Bearish bias . Today the opening price jumped 14 points and the bull kept running to the nearest Supply Zone. In general view, the seller is still strong and therefore, we participate in selling too. The nearest SELL area is between $1,395 and $1,400 (5 points zone), with a Stop Loss at $1,411. Our first Take Profit level is at $1,375 (2.27R). What if the price did not hit the Supply zone at $1,395 - $1,400 ? Then we have to see the Price Action movement and market structure. Good Luck!
CBOT:ZSH2021Short
by machintose
Week 6: ZSH2021 Price is in the sell areaFollowing up last week analysis, the price will be visiting Supply area prior going down. My personal Sell Order will be at $1,417 (it depends on the price action in the next 2-3 H4 candles, I may short it early too). The stop loss will be at $1,438 (New Higher High) and our Take Profit will be quite low (at least $1,275). The simple sign will be at $1,417 area, if the body size of the candles are not prominently bullish; and there is a formation of Lower High (LH); I will go at whole-nine-yard to short the market. Just kidding, money management is still important, perhaps 10% to 20% equity to short this opportunity.
CBOT:ZSH2021Short
by machintose
3
Week 05: ZSH2021 Short Term BullishOn H4, the price has broken the down trend channel and making a Higher High. From 27 January to date, the price movement is forming another flag on the higher band; also, to add some confluences, if we observed the Price Action on the candle stick, there were some rejection to go down. Based on the above, I think the price will pick up some liquidity at $1,417 area prior going down. Short term (1-2 days) will be bullish as we are still in bullish flag area.
CBOT:ZSH2021Long
by machintose
2
Week 04: ZSH 2021 We are entering a ranging weekLet's keep it short, this week the price will be in ranging mode. The range is between $1,338 to $1,280. If you have shorted earlier, you can take profit some of your positions and keep some until it hits full TP at $1,280. If you are a speculator, now it is a good time to Long (buy) the market, but you must exit at $1,338 area; then switch to Short the market. In general, when the market is in ranging, we can scalp it Up and Down. Trade wisely, Trend is your friend.
CBOT:ZSH2021
by machintose
4
Week 02: ZSH 2021 Uptrend Channel, waiting for a breakApology for the late post. Week 02 for ZSH 2021 is still bullish looking. Yesterday on H1, we can see the price movement candle by candle that there were no sign of weakness. In the last hour of market, it created a strong rejection and buyer jumped in with a significant momentum. Let's see on the overall picture in H4, the movement is still within the Uptrend Channel, we only can short the market when we see a break at $1,370 level. As at I wrote this, from H4 down to M5; there are still no sign of Seller coming to the market. Buyer is still dominating the market, be cautious if you plan to long the market. No trade call for this week. -SatayFX
CBOT:ZSH2021
by machintose