Went short 1986.3 05/17/23 and took profit at 1955.1 on the 05/18/23 realising a profit of $31.2 in swing movement. 05/18/23 opened a long position 1955.7 when the price of venus was at an angle to the same price of Mars. Lets see if we continue the trend at the beginning of next week. According to COT report of the 05/16/23, managed money are long 139,786...
Strong resistance of two time frames should be tested next week. Strong support 1977-80 Still long from last week low
Here is your roadmap of Gold futures (April) entered on Thursday which had me in a favoutrable position for Fridays move. But from I see we will need to test the 50% at least taking this up to 1922, please note the major range has a resistance point in the same area.
Currently long this morning from 114'05.0 looking to sell in sell envelope as T notes have confirmed short bias this week based on my analysis. Just currently long until my trigger is confirmed in sell envelope.
Long on Donchian 4 week break out rules for a major change in trend. Lets see where this gets us.
Gold Futures closed 1 unit below averages so sold 1666.4 today, should be further lows this week but lets see how this pans out.
Been waiting a long time for this move but we are getting closer to the target of 1300
Yesterday corn was supported by 20 day SMA and bought at 680.50
Monthly showed it was more than 100% of the previous range so placed order for long at 125%, which was filled at 1.0221. Expect a rally to the 50% before further lows.
Was in long earlier in the week but could see smart money was going to load at lower prices so closed with small profit and re-entered 20 pips lower at 1.0460. This chart also illustrates the importance of the Gann 2 day swing chart rule for predicting prices. As you can see the counter trend lower happened right on the 50% and now the rejection of the C-D move...
After shorting EU from 1.0619 one the 2022/06/15 it was time to take profit and go long at 1.0480 taking 139 pip profit. We have a triple bottom on the weekly with a possible target of 200% of the range at 1.1283. But also noting 100% is also important to watch as we rejected that zone for three weeks.
Buying EURO FX (September) Future at 1.0465 with Sell Bracket order at 1.0440. System indicates EU is a long but prepared to sell if set up fails
This is reference chart for my recent trade idea to explain why I am going long T-Notes Futures.
1 tick = 0.0078125 Tick Value = $7.8125 What I call 1 point is 4 ticks or 0.03125 ($31.25) Bought at 112'09'2 Stop 112'07'0
Entered 05/05/22 but will offer more entries next week unless Fulcrum is broken. Reason For Entry: Full Fulcrum was forming with low probability of breaking due to volume during the Fulcrum so risk was limited. You will note we have weekly lows at the same level for 2 consecutive weeks followed by a considerable rally.
After testing the 50% of the last swing on Friday, this week there should be a test of 1.0825 or the holding of the 50%. But nothing we can do except to wait for confirmation for a trigger or keep fooloeing this down from my entry at 1.1160.
This trade illustrates what you can achieve by not day trading and using a systematic mechanical trading method. Running weekly profit of 507 pips During the week people saw a breakout of the highs but I saw a triple top as a top can be within a 1% range. Using this old charting method idenntifies distribution and accumulation of the banks and big market...