PlanBillions

PlanBillions Updated 

New analysis on NG has me realizing I may have took profits too early on my short ! Still was a good 25% trade with DGAZ though... Looking to flip long right @ 2.33 now ! Should have good reaction to the upside and great R:R so we'll see...!

PlanBillions

Could possibly be a good LTF chance on Oil..?. Hourly appears to be in a falling wedge leading right up to LTF support and HTF trendline. (Or am I trying to hard to see it ?) 4hr. Ended in a hammer !

PlanBillions Updated 

So I was reading some news, that discussed Gold and Oil, and had charts of both, and noticed the most recent top on Oil (See Chart Below) looks VERY similar to Golds current chart ! (Notice the shaded area) Giving more confidence in this trade as I had previously posted. Feds decision tomorrow is a fundamental factor that could change that though...

PlanBillions Updated 

Will wait for PA to present/confirm this trade... But NG1! Is approaching/has reached a major resistance @ 2.67 ! Will be great risk to reward but, could be in a bull flag currently, which is why I am waiting. Would be awesome if PA offers "shorting position" around the "money arrow", lol, as this would be a confluence point of a major resistance, the 200sma, and...

PlanBillions Updated 

This huge downward channel on the Monthly should offer great opportunities and entries when presented ! More importantly I wanted to point out the similarities between the previous range, and the one forming now... Could play out very similar and give good indication to PA... Based off this, I would target the level marked at 49. HOWEVER !!!, most importantly,...

PlanBillions Updated 

As you can see, Fate has honored many Inverse H&S in the past... The risk is worth the reward with a good entry ! However, the weekly could be a little contradicting with a possible bear flag...

PlanBillions Updated 

I wanted to post this yesterday, but my internet wasn't cooperating ! Missed a good opportunity to short XAUUSD due to being in another trade. Would expect price action to imply we move away from red "zone/box" into grey one for a "short-temp" trade.

PlanBillions

Entered a trade, on DWT technically, based off the trendline rejection and overall downtrend on Oil. It is also a retest of most previous high and makes since to bring 100 SMA down to 200. Watching PA to determine where we go from here...

PlanBillions

We need to break the downtrend before we can be bullish !