Hi Traders, Today, I want to go over two trades that I took. These were short positions on the 4-hour Time Frame. Both of these positions were based on Order-block entries. Once I identified my Order-blocks, I waited for the price to retrace back into my retrace zone ( The green box on the chart ) When the price retraced into that zone, my short positions were...
Hi Traders, Yes, GBP/USD is still falling along with many other markets. We have not bottomed out as yet – No confirmation suggests a reversal as yet. If the price retraces slowly back into the yellow zone, I am looking at a small buy position. It is a countertrend trade so I will be risking a very small amount. We have a large bullish impulsive candle that took...
Hi Traders, Happy Monday. Hope you all had a great weekend. Today we are looking at the AUD/USD Chart The bearish volume on the Daily chart is undeniable. We have been trending lower for quite some time now and it doesn’t seem to be slowing down at least for the time being. I am looking for a retrace into the yellow zone. Once we have this retrace my...
Hi Traders, It’s NFP Friday. Who's scalping today? I am looking at an entry on GOLD that I have taken. It is a long position so it’s counter-trend. I wouldn’t class this setup as an A Grade as it’s against the trend. I waited for to price to break previous structure with strong conviction and volume I entered on the retrace of that zone. My RR is 1/4 See you on...
Hi Traders, On Tuesday, I spoke about a possible Double Bottom forming on the 4 Hour time frame. We were looking for strong bullish volume and a strong impulse candle to spike up and close above the yellow zone. We have seen this play out. The DXY began to retrace, which helped the euro gain some steam. Now, we wait for a retrace deep into the yellow...
Hi Traders, Today we are looking at a possible double bottom forming on the 4-Hour Chart We have seen nothing but bearish price action for the past month on most FX pairs. The DXY has been going parabolic Is this a good time to buy? I only enter positions that match my setup, which could be a possible play. Yes, it is a counter-trend which is not always...
Hi Traders, Happy Monday! Hope you all had a great weekend. Today we are looking at a possible Inverted Head & Shoulders on the 4-Hour Chart We have seen nothing but bearish price action for the past month on most FX pairs. The DXY has been going parabolic GBP/USD has wicked down to a support level not seen since July 2020. Is this a good time to buy? I only...
Hi Traders, Happy Friday! Today we are looking at a possible 4-Hour Order Block entry on EUR/USD We have seen nothing but bearish price action for the past month on most FX pairs. The DXY has been going parabolic EUR/USD is currently sitting on support that hasn’t been seen since 2016. Is this a good time to buy? I only enter positions that match my setup and...
Hi Traders, We are on the 4-Hour Chart. I am looking for GBPUSD to retrace into the yellow box. My long position will open once the retraces touches the middle of the yellow box. We have added confluence with price respecting the trend line and looking to move higher. The Daily chart is looking like it wants to break out higher. I am targeting previous wick...
Hi Traders, Hope you are all doing well. Before we get into today’s trade, My Gold trade is still heading lower and more targets were taken. You can check out my previous trades in my profile. Ok, let’s get to it. Today we are checking out my current Order Block trade on EUR/USD on the 4-Hour time frame. I have highlighted a yellow zone in which I circled a...
Hi Traders, Hope you are all doing well. I’m sure many of you have noticed that I don’t post on Mondays. This is because I very seldomly take positions on Mondays. However, if I have the time and a position presents itself, I will post it, regardless of the day/time. Today I would like to post about a Head And Shoulders position on GOLD in the 4-Hour...
Hi Traders, Hope you are all doing well. Today we are on GOLD on the 1-Hour Chart. I have highlighted an order block zone in yellow. My entry is the halfway mark of that yellow zone. I am long GOLD at this point targeting previous price structure. I will use the next lower-down OB if this position does not play out. I keep my risk size very small because I am...
Hi Traders, as we can see the double top posted yesterday played out nicely. The position was opened upon the retrace to the neck zone ( explained in yesterdays post attached ) Targets were reached. We had a nice Risk/Reward of 1/5 Hope you all have a great weekend. We'll be back at in next week. Trade safe, The Vortex Trader
Hi Traders, We are on GBP/USD 1-Hour We can see we have a double-top forming. I have highlighted the neck zone in yellow. I would like to see the price close below the neck zone accompanied by strong volume. The break of this neck zone would also confirm a break of the trend line. I will then set a pending order to open up a short position. We have partial...
Hi Traders, Hope you are all doing well. As we know, last week was a very intense week for the world and we still have crazy volatility this week. I choose not to trade during times like this, although market volatility is what we need as traders to make money. However, I would rather be more certain on a position when I see a setup, rather than be unsure...
Hi Traders, Hope you have all had a great weekend Today we are just looking at Gold. We noticed that the 1-Hour head and shoulders from last week did not play out. My reasons for this were A) It was going against the trend B) I never trade around high time frame resistances as things can get very choppy before a move becomes clear On the daily Timeframe, we...
Hi Traders, Hope you have all had a great week. We’re just having a look at gold to try and see if there is a potential setup forming for next week. We have broken through the daily resistance at 1879. We have seen very strong bullish volume which helped push us through that zone. Since then, we have had no retest down to that price point so it technically...
Hi Traders, Having a look at AUD/USD We can the channel that the 1-Hour is in at the moment. This channel is trending upwards. We also have an Order-block zone highlighted in yellow. On the 15-Min view, we also have divergence across the two peaks which could be forming a potential Double-top with divergence in the MACD This is a good area to go short I am...