In this video, part 2 of the day's NY trading, NAS and Gold were triggered. Should be one or the other but for demonstration purposes, both were taken. Thankfully both are at breakeven. However, it's not been the kind of day that we would have hoped for. Really choppy out there as has been the entire week - horrible conditions despite catching some good...
In this video we are watching for Michigan Sentiment to be the trigger for the short Gold price thesis.
As per the per Wall Street cash open analysis, the US dollar rebounded from early weakness giving us the trades in the US dollar pairs that we wanted, with GBP blowing off in a stress-free textbook scenario as explained in the prior videos and concluded in this one.
In this video, we scan the market looking for setups in equities with a weak dollar, a sell opportunity should the US Dollar rebound from supports
In this video, we look at the landscape for the session ahead and cash open on Wall street. USD is weak, but there could be an opportunity up high on Dollar pairs and equities. oil is breaking down, XAU/USD is still very much front side ...
This video is part 3 of a series of videos today showing the entry criteria being met for USD/JPY short setup in the New York session. A micro-management video will be on the way as part 4.
In this video, we take Gold short a little late was was a merde really, ending in a 1R loss. We identify setups and shorts in USD/JPY and USD/CAD and a long in GBP .. to be continued as USD/JPY entered short as set up criteria achieved... watch out for part 3 of this video series for trading NY session 8 Feb 2023. Part 1 is attached.
This is a video that shows how I approach the market before placing trades, and identifying high-probability set ups.
Gold's correction is messy so not sure downside continuation is in play yet but a scalp to 1890 looks to be in the offing.
This is the final Gold video for the pre-market open that looks at the prospects for the opening days of the week and price action that arrives at a meanwhile bullish bias before the next meltdown of gold at the smelters!
The Gold price is being analysed in this video highlighting the key areas in the chart from a smart money perspective, that is to say, identifying where the breakout traders are positioned and understanding the ebbs and flow of the trajectory of the price determined by timings, day counts, weekly, daily and session structures. Where are traders positioned - where...
In this video, we look at 'the 'what was' and 'what might be' for the Gold price, US Dollar and AUD/USD while taking into account the Federal Reserve, Nonfarm Payrolls and the Reserve Bank of Australia.
Further to the prior video that is linked below, which was a pre-data analysis and forecasting of the moves we have seen over the events, this video in particular goes over the gold and how it was executed.
Following Powell's flip in script, the market is asymmetric around NFP. A strong number may not budge the doves while an indication of softness will reinforce it - however ... Keep eye on the ISM services report as well as this saw a stark miss in December (49.6 vs 55.0 estimated). Another poor miss could sew the seeds of a hard landing in the US, forcing a...
Was a mistake not to short the Dow and try and chase sentiment by fading the SnP500. Flipped the script and went long, scaling out of length ahead of NFP. Reduce drawdown by 70% on the day, so we live to trade another day as they say!
Missed Gold, missed the Dow, got smashed up on SP500 but trying to turn it around long to minimize the loss for the day. Protect capital and live to trade for another day! 1% down on the day but in recovery and counting on a continuation for the rest of the day higher...
AUD/USD was just too compelling not to re-enter expecting a move in the later part of the day which came and produced the goods as per the prior videos and start of the day's analysis.
the 7050 may be wrong and we could be headed higher on a consolidation day. However, I'm still biased to the downside for 7050 so keeping an eye. Maybe a scalp up before the blow-off to 7050?