SamuiTrader

SamuiTrader

Tfex GO contract has broken out of the Accumulation phase and waiting for break through of the 1820 resistance and clearly continue in the 'money making' phase. A certain trigger will most definitely be if $Gold Spot price clears Thursday's high wave candle, to the north. So if next week will continue with its sideways movement, I will then be looking for...

SamuiTrader

Even if the week held above support and resistance, it ended with an evening star pattern in day and heading to TF 115 min, the week ended with a shaved bottom candle. So all in all, next week its up to the matadors to get the bulls moving, because the bears is starting to waking up from their hibernation.

SamuiTrader

In the weekly graph we can see that the last 2 months Lower Highs has followed the declining resistance since ATHs, +3 years ago. Will this week have the strength piercing both the short term and the long term declining resistance???

SamuiTrader

Is it an Inverted Cup and Handle pattern I am seeing? Looks even better in Gold Spot :)

SamuiTrader

Day: The price has tested a larger DB this week. Yesterday closed with a stong reversal candle . I can see strength building up to break out of the 3 months sideways movement and make new higher highs. PS. week is looking stronger and a close over the 'last' strong resistance at 978 will most probably take the price up north. Although, going into the...

SamuiTrader

The contract hasn't been able to take out the latest high, has continued down south after the latest high doji. Yesterday closed on a secondary support area . Contract is still in a positive trend, although the uncertainty from the latest high isn't comforting so a test of the double bottom highs and a convincing pattern around there might be all that is...

SamuiTrader

Even though S50 broke to the south through a long term support, with weekly ema150, the force of nature took the price back and held it above, waiting for next week to start. If looking back to middle of January there are some great similarity's, with then and now. So by looking at the history of the graph, one could expect that the bears will take over the...

SamuiTrader

S50 has refused to trigger the H&S pattern and broke out from a 65 min inside bar, with a retest gap, from which it went directly north from, until about 3 pm and the retest started to finish the day with the buyers taking over as the leader. As long as the H&S wont come real, I am back on the flag pattern, which now has turned into a pennant flag, with...

SamuiTrader

Day: consolidation continues, after a false breakout from the rising channel that would trigger the H&S pattern So will this false breakout trigger a bullish run, from today's levels? As long as TOP middle line is still a support, it might very well be the time we leave the dragged sideways movement to new heights. Not so sure of that though, yesterday's candle...

SamuiTrader

Friday closed as a dragonfly doji, just under ema40, nothing a smaller opening Monday gap, easily, could open over. 4 hours closed with an OWS pattern, after the previous candle had touched rising floor support, before returning to go north, thereby protecting it from the head and shoulders pattern being triggered (more one that if it would trigger,. later...

SamuiTrader

It looked like my last analysis was wrong but the Contracts made it down towards the rising channel floor are (see linked Idea) if S50H will break above the latest short-term high and ma200 (65min), I will then go from Neutral to Bullish and focus my day trading setups to go Long. First target will be around 970 and ema150 (week) but might very well continue...

SamuiTrader

Will see if the pullback finds support at the bigger rising channel floor, to me though, I looks like a lost cause BUT since SET50 still manage to keep above their floors, perhaps they can lead the futures for once :) Anyhow I am back being bearish, with the first target at the support & resistance, that coincides with fib.50, at around 860-870

SamuiTrader

Yesterday S50H gave us a nice Reversal, with volume taken out the previous days. Strong EoD! from the secondary support intraday breather. Would love a intraday test of 938-940, with a bullish pattern in a smaller time frame! And off we go, to first test 988 resistance, after that's been cleared, I set my Target at 1030 .

20:00

SamuiTrader

Waited in the bulls making their try and got an inside bar at ema150 and from there the Futures contract got really heavy

SamuiTrader

Is S50H in an island reversal pattern or is it creating a flag, breakout from last 5 days consolidation will most probably tell us what? As S50H is in a negative divergence and has not yet been able to close over the highs of March 2020 --Covid Highs-- a pullback down south to gather more power looks like the smart move. But the market is smart in its own way so...

SamuiTrader Updated 

After a strong bullish run, SET managed to close with bearish candle that engulfed the larger indecision candle from the trading day before. I would have been calmer if SET50 and S50 would have followed its sister, but they have not had a close over the June highs. So let's ask us the question; is this the end of x-mas / Covid vaccine rally and time for a...

SamuiTrader

S50 stopped at an interesting place this Friday, at a secondary falling resistance and support, I just love when the price knows the technical game book. Since the pennant pattern was broken, the volume speaks for an absence of interest and the probability for a false breakout is higher. Even so, will S50’s lack of interest still takes it a bit higher, to start...

SamuiTrader

....so here is a short post of my thoughts —from the passenger seat down to weekend celebrations in Hua Hin :) After SET50 did retest the 800 resistance and support, from below, it has put its GPS on a southern destination. But how far down south is it heading??? Well my best quess would be, to test March lows. I want to end this publication with a few words...