Easy_Explosive_Trading

Easy_Explosive_Trading Updated 

Gold is travelling well inside a Daily rising-wedge. The next key level to break is 2529.20 a Top3 created last Friday. Intraday, Gold has smashed through a Top2 at 2507.66. All of my Momentum indicators show a bullishness in Gold today Tuesday. Very little economic news for USA today Tuesday. One threat will be the USDX which will be looking to make a...

Easy_Explosive_Trading Updated 

Hi guys, I have done all the heavy-lifting & planning for you on this one. It may be as simple as hitting the 'sell-button'. It's a Daily-chart pattern which will hold more weight, Price has almost retraced to the neck-line, Hop to it, take a look, Thanks for reading.

Easy_Explosive_Trading Updated 

Gold & the way it moves reminds me of the famous Pacman-game of the 1980s. Those were the days because not many of us were forward thinking enough to see and look into the future about how incredible gaming would become. We were happy with games like pacman and space-invaders. I get all the 'gaming' I need from Trading the markets. Please see my chart. It is...

Easy_Explosive_Trading Updated 

This Short idea is already playing out. It does not appear that price has returned fully to the neckline to complete the Retest. But selling into this could be a good yielder. Good luck.

Easy_Explosive_Trading Updated 

In the Monday 9 Sept. Oceania & Asia session both Gold & Silver were slow to make traction. Prior to London session today, the USDX edged closer to 101.50 & made it to this level again, before retracing and breaking out through this level at time of writing. USDX currently 101.60. Today, I saw some divergence happening between Gold and the USDX, as it rallied...

Easy_Explosive_Trading Updated 

The EUR / GBP is parked very bullishly on W/Bottoms on the higher timeframes but their also exists a bullish H"S" Pattern on the 2HR timeframe. This pattern had already retested the Neckline. High timeframe RSI & Stochastic's are also very bullish to bring the EURO out of Ovesold territory and rally hard agains the Pound. I will buy the breakout of the...

Easy_Explosive_Trading

I noticed on Friday at the NY close when Gold/Silver/Stocks, practically everything sold off as the VIX Index threatened it's climb & got to around 13% on the day. But as NY wound down around 4pm local time, I saw all the Crypto's starting to hammer into green zones. The main reason my feeling is that they had been beaten down severely in price & when price...

Easy_Explosive_Trading

The Crypto's were so beaten down on Friday from all the selling that they started rallying through Friday night & Saturday. BTC USD on the 5, 15 & 30 m is near the neck of a pretty big Head 'n' Shoulders Pattern.

Easy_Explosive_Trading Updated 

As the saying goes in Australia, 'the bigger they are - the harder they fall'. Aussie Gold-hat-wearers & officials, might like to think their 'dinki-di-oze-gold' is an exception to panic heavy short-selling. Did I just say panic? Well, the plan is to take Aussie Gold & it's hanging M_TOP on the weekly chart right down to the neckline for some serious...

Easy_Explosive_Trading Updated 

This is the Daily chart for the Chinese Yuan & Japanese Yen. You can see following along the trend line how strong the Yuan was until a month or two ago - when it sharply sold off - 50 EMA diving under the 200 EMA creating a 'death-cross' which can signal a trend change. Even the last couple of Daily candles resumed this weakness down. So, I see the Yuan...

Easy_Explosive_Trading Updated 

I posted the Chinese Yuan & Japanese Yen Short-Trade a little earlier. Well the CAD JPY Daily Chart is almost a Carbon-copy of it. I would go so far as to say that this one is a tad weaker. Either should be a good Short-Trade. I will be on them both on Monday. I need a break from trading Gold. Variety in your trading is the spice right! I love the...

Easy_Explosive_Trading Updated 

I have been so focussed on the VIX index. I wish I had checked its weekly stochastic levels in advance like I regularly do with Precious metals and Forex sometimes when i trade. The USDX is pushing off this massive W/bottom on the 2 hour time frame. Imagine the double whammy effect this will have with the VIX and USDX rallying concurrently. Just my thoughts.

Easy_Explosive_Trading Updated 

So towards the end of NY session yesterday Thursday, I was a little bearish on Gold. Why? 1/ The USDX where Gold gets a lot of its' cues from had formed bullish Head 'n' Shoulders Patterns on timeframes 5m right up to 30m. You better believe it. Technicals work on the USDX as well. But the bears have been nullified. The USDX is travelling down a bearish wedge....

Easy_Explosive_Trading Updated 

As I have been saying so far during Asia Friday trading I had no Long positions in Gold. Squeezed out like everyone else. (I don't know how those people do it who buy on weakness & accrue - I have to take a page out of their book). The 'funny' thing is, my old broker Fusion Markets phoned me about a month ago to say that I was no longer allowed to accrue...

Easy_Explosive_Trading Updated 

So the economic-data seemed good today for the Gold-price. Initially, at commencement of NY session today (Thursday) the USDX came rallying off its 38.2% retracement. But it quickly quietened down & retreated even further and Gold was able to lift somewhat. There are Heads 'N' Shoulders patterns that have formed on the USDX charts from 5m right up to 30m. See...

Easy_Explosive_Trading Updated 

It's Long Gold for the moment & I mentioned a break about 2500.21 would be the breakout point! I already see signs of the Gold rally losing steam. Well, let's call it a short term rally or a retracement rally of something greater. You see, since about midday Tuesday, so not even 48 hours ago, the USDX has been back-pedalling. I see it as a retrace to it's...

Easy_Explosive_Trading Updated 

XAUUSD 30m Chart. These are all basically rising-wick-bearish 30 minute candles. What I see here is a retrace giving the elusion of recovering price, however the bigger overall trend for Gold currently I believe to be down.