KimboSlice04
all eyez on da feds this upcoming week as well as monitoring daily headlines, price action, intraday candle closures and being on top of what is required from you to take advantage of moves no rush tho, we can let the FOMC pass and take advantage of moves continuing the sentiment in the later days
Heavy week for US Economy with lots of feds speakers and data being release as well as Q3 coming to an end in less than 2 weeks will be watching intraday confirms, fed speakers + data to gauge price movement and projections of trade ideas for Q4
Highs printed by buyers pullback phase, coming to end to Q3 order flow being set up for Q4/ profit taking by buyers.
All trades ideas played out nicely. Q3 coming to a close in a few days, weak Gold for past 2 weeks rejection at highs. Fomc in upcoming week
Strong bullish PA/MS after creating technical double bottom and with positive Retail Sales showing us a rebounding Economy with citizens spending money - cycling money back into the Economy.
UK Economic Data being released , CPI AND RETAIL SALES i only really want to take trades that follow the current trend and HTF Macro perspective rather than just trading to trade or take a trade f that. i have set my alert and will check out price and wait for intraday confirms, if i am busy i will set buy limits set tps and sls i have mapped out a swing trade...
will look towards Economic data and intraday confirms to execute on trades that may set up in the week but this is what i am looking out for on Gold adapting to either side of the coin
Upcoming Economic data regarding Inflation, Jobless claims, Consumers spending confidence. HTF Dollar is still bearish due to QE, Stimulus, Asset Purchasing/ Bond Purchasing, Low Interest Rates. Intraday Bullish MS, Dollar printed new highs which were short lived and fell back below resistance level
Multiple opportunities to take intraday plays - specifically buys at 151.500 for avg of 60-80 pips GJ ranged for better part of the week until Friday where we saw GJ break past above highs, buyers failing to maintain highs and price falling back below into previous range
Sells off on Equities Market, Gold, Spike up on VIX - indicating sell offs causing temporary Dollar bullish Profiting taking across the board on various asset classes Bearish Gold thats all for now
Central banks speakers echoed Feds sentiment of keeping Stimulus, QE active for time being until further recovery is seen. Profit taking on Gold and Global / US Equities Market and Upside spikes on VIX showing us Dollar strength as well as Sleepy Joe announcing his 6 step plan for b s
GOLD GOLD GOLD is a different beast and beast on its own, sometimes price does not follow market correlation it doesnt have to. but my outlook for the week is that we may see positive economic and more so a ranging market until late in the week closer to unemployment claims + producer price index there is still a lot room for upside on Gold but we just have to...
Economic Data surrounding labor market + inflation reports, investors will use the data to gauge the Economic recovery / rebound or further struggling to rebound. I can anticipate PPI to be higher the projections as consumers are still facing high inflation, rebounding unemployment claims. will watch intraday + price action to gauge price development of DXY
Bullish ms developed over the week, could very well be a upper monthly wick creation as we are a tiny lower wick but necessary for it to flip bearish unless we see new fears develop in the market that has not been priced in yet, bearish UK Equities and Bullish JXY for GJ to flip bearish cleanaasszz trades played out over the week with the mapped out swing trade,...
$% bro trading is very sensitivity like who give af i just typed in all caps, no one is shouting b f off let me post lol
- XAUUSD ended the previous week printing new intraday highs we had a pullback retesting previous highs, holding bullish ms - Price for the better part of the week was in a range from 1820 to 1807 with HRHR buys at 1803. - Price in a range due to anticipation for NFP as investors are looking to gauge the Economic recovery primarily looking at Labor Market - did...
PART 2 here we look at fundamental impacts if u understand price action + market timing + market sentiment + market correlations you can tell yourself a technical story as to why price is moving in a range / break out / pullback / corrective phase market moves in waves, understand that price gets set up along with order flow for buyers and sellers, price does...
we are seeing this week to be terrible week for the US Dollar as the first week of september we have had a slew of data being released with majority indicating to weak recovery and struggling Economy this is only week 1 of september can see lower monthly wick creation after technically printing intraday highs and failing to maintain bullish ms