Be wary of any tipster subscription service that is too lazy or too inept to give you some reasons for taking the trade. Look at the mess of GBPUSD now. Fools who thought the USD would not continue to rally this week, either because they don't have a clue or are too arrogant and lazy to pull the USDX chart apart. Mute them and move on. This is a chart of a...
Gold and Silver are up nearly 2% already. Topping formations are noted on lower timeframes. PMI & Inflationary expectations in the data coming up. I think Gold price could pull back in the next hour or 2 as there is weakness below 2697 (red line chart). Price will probably pick up support after a maximum of 0.5% drop to green area in chart. I think buyers...
Daily & Weekly Below Late last week and earlier this week, some traders & price predictors were giving their big 'scoop' about the Dollar correcting going into the start of this week. I didn't really buy it and here is why. I knew that there was no real recent resistance for USDX at these current levels. In fact, absolutely nothing for 12 months. I could...
On the 15m chart you can see the current blue candle 15m pink vertical line indicating time/date (I'm in Australia), I had this red line marked as a resistance price and above this price RUNEUSD should continue to breakout more. Up 6.5% so far today, a good day for a Crypto can be 20% to 40% so early days. I will wait for confirmation of a breakout of this...
Thought I would briefly describe this long trade i entered in RUNEUSD about an hour ago. Volume levels are about average for Crypto, it is now aligned perfectly on the 2ooEMA Daily. Price has moved back on me a bit. But I think it might go okay from here,
Credit to SetupsFX for finding this one earlier. Price has swept back a little , but I have detected the breakout on 1m timeframe. Price is moving bullishly via these yellow volumised orderblocks.
Heres another one primed to move higher following a retracement down during Thursday. I thought it might move lower further to near the Order block below. Price recently has moved upwards against JPY. It would breakout possibly today on a move above 101.50
Youtube is littered with trading strategy's, as one strategy finishes another one is starting to play causing indicator-fomo, that's right, my new label and type of trader-FOMO which intentionally or otherwise keeps you going from strategy to strategy and in the process continually chasing your tail and leaving you to be diagnosed with analysis-paralysis...
This is travelling nicely by all accounts. First chart is the 1hr. GBP is positioned at the big-time lows, no wonder they went after my big lot-size first trade which they illegally took down. But I got back in with about 1/5th lot size. Look its true, they will target you and bet against you when big lot size is noticed. Why in trading you gotta be a...
Silver and Gold had this divergence right through the NY session. I think the Silver-ghost was hunting stops. I know that Gold & Silver trading is not geared towards those who may want to place bigger orders, that is frowned upon. It's an interesting concept, when one considers the massive liquidity of Gold trading, but im afraid they are bigger penny pinchers...
I think we might get more upside moves in the Gold and Silver price. I think the daily silver chart is looking for a buy entry today. Long term trend-line is in a bullish alignment and it's coming out of an oversold state offering attractive buy prices to investors. I EXPECT SOME SELLING to occur for the next little while and perhaps a move down and then a...
I have been following HBARUSD for a bit over a week. I was wondering why it was getting huge volumes lately. Hidden away on higher time frames 'monthly' & 'weekly' charts reveals the reasons volume and buying is on increase. Price breaking out of a triangle on Monthly chart very, very recently and price moving back to retest this breakout and give buyers...
Hi everyone, it's been a tough day in Gold Asia trading. I supported the long theory that they gave us at the start of Asia trading today. Long story short, there appeared to be a bullish gap up and price was moving up I would not say impulsively but smoothly. But price stalled twice within an hour at the top of the double top I spoke about on 2hr timeframe. I...
Take a look please at the first chart. Basically, it breaks down the past 36 to 48 hours on a 15m, especially where buying occurred following the 2536 low, impulsive move up which to me looks like smart-money or institutional money with some retailers tagging along, price is then dragged down by a Top 1 where an M-shaped pattern otherwise known M-top forms & a...
I will update this soon. Other Crypto have taken some selling this weekend, not so much BTCUSD, I am thinking they have saved the best for last. Lets' see what happens. RSI does not look good.
If you follow the stochastic's at all, esp. on higher timeframes, if you don't well that is fine, but I will share my tip, you never want to see K line (generally blue) crossing down on the D line if you are in a Long position, but an even further bearish possible move is when the K-line crosses down on the 80 Stochastic's level. Now the fundamentals of the...
EURCAD I went long about a couple hours ago as it turned. It's now on the 200EMA Daily which is a good sign. Momentum was simply fading on the downside and buying increased. This trade I will take for about 1 week and chasing the highs on this chart.
Gold on the 1hr moved downwards in this correction in a lowering wedge pattern however price moved from this wedge, moved lower today and now is building momentum for a break upwards from a triangle type pattern. More on this in 1 moment..... I need to check charts You can see the right of screen 1m chart, double bottom earlier and an upward sloping wedge on...