XYZ-Trader-

XYZ-Trader- Updated 

The week before the election. Will market's make a big move or wait until next week? This week has a lot of information on the chart. I generally try to keep my chart's as simple as possible, focusing on major areas of support and resistance and trading based on price action/setup. I try my hardest to not let my bias drive my trading. However, price is still...

XYZ-Trader- Updated 

I'm not super excited about this week's setups for several reasons. The main reason, however, is that we are moving sideways and we are in between two major support and resistance levels. Usually, it's my opinion that traders should avoid sideways markets and wait for clarity and a high probability setup. I did try to point out some possible trades, but I think...

XYZ-Trader- Updated 

Over the last several weeks, my trade setups have been spot on and my returns on the S&P have been outstanding. Check them out in my profile. As usual, I keep my charts super simple because I think markets are complex in and of themselves. Finding a high probability setup without all those noisy indicators (MACD, Volume, Moving Averages, and all the other ones I...

XYZ-Trader-

I usually only post one trade idea a week for the S&P, but this week's trade idea produced an excellent trade that I closed it and may look for another trade setup for the second half of this week. Check it out. It was a long trade setup out of a triangle wedge. The market today (Tuesday - 10/6) had a violent reversal after it looked like it was melting up...

XYZ-Trader- Updated 

As usual, I like to keep my charts as simple as possible. My last two weeks have been spot on and I was able to make some nice profits. This week I'm keeping it even simpler. I do NOT try to predict the markets. I take the high probability trade setups the market gives me. I'm waiting for either a breakout above the diagonal trend line (with a retest) and then...

XYZ-Trader- Updated 

Here are my two trade setups for the week of 9/27. Last week I was able to successfully take my trade setup that I posted to the downside and it was very profitable. At the end of last week's session, there was a strong surge up after price retested 3200 for a third time (confirming strong support). The big question is, is that indication that price is going to...

XYZ-Trader-

Here is my analysis for the week of 09/13/2020 for both a buy and sell scenario. I'm biased to the long scenario and breakout of multi-year channel. However, I'm aware that price has been coming into strong resistance and this will need a strong push up. Price is currently forming a bull flag so that could help deliver some energy to the upside. This is neutral...

XYZ-Trader-

I like to keep my analysis as simple as possible and call out high probability trades, even if they do not develop for days or weeks. This helps with taking emotion and FOMO out of trades in the stock market. My preferred would be short trade with a breakdown of support at 3335, and retest and resumption down (lower low). The long trade would be a break above...

XYZ-Trader-

DXY is at a critical moment. On the monthly view, there is a head and shoulders and price has broken the neckline. Price is now retesting the neckline to see if it is resistance. A resumption with a lower low candle would make a good short entry. Regaining the neckline and making a higher high would be a good long entry.

XYZ-Trader-

I see a lot of people on TradingView bullish on this pair. I'm not sure why because when I analyze the pair, I'm seeing a neutral position until there is a confirmation of a breakout or breakdown (with retest). I think price can go either way but not sure why some are very bullish. Am I missing something? Anyways, for me I'm on the sidelines with a wait and see...

XYZ-Trader-

USD/MXN - High probability sell setup - Week of 09/6/2020 Wait for key support to breakdown with a retest before going short. The long scenario is unlikely at this time.

XYZ-Trader-

AUD/USD is in a channel grinding up to an important breakout area. Waiting for breakout or breakdown areas (as noted in chart). For now, I recommend a wait and see approach (sidelines). The monthly view of this pair is very bullish

XYZ-Trader-

I have been trading FX currencies and I want to start posting my high probability setups. This is a pair I will be watching this week for a breakout of bull flag, retest and then resumption. My bias is for a long trade but I've indicated where a short trade might be. There are multiple no man land areas I will not be buying or selling. Lots of bullish signals...

XYZ-Trader-

I think the chart explains itself. We are at a critical moment. If price finds support on top of channel (making higher highs), then a new cycle outside of channel has begun. Expect another bull cycle? If price does not find support on top of channel and is rejected, then we could come back down to the bottom of channel and re-test March lows. This month will be...

XYZ-Trader-

BTC is very bullish and has almost no bearish signals (except for the heavy resistance above). Bullish signals: 1) Broke 2 year bearish diagonal trend line 2) Retested 2 year bearish diagonal trend line and flipped it into support COINBASE:BTCUSD 3) In a strong uptrend diagnoal line that started back in 2016 4) Above all moving averages 5) Price is bought up on...

XYZ-Trader- Updated 

In my opinion, Bitcoin is in a bullish cup and handle formation and it broke out of the handle back in February 2020. Due to COVID and the liquidity issue that hit all markets, bitcoin fell and found support on the original handle. If in the short term, we face another liquidity event in the markets, then Bitcoin can free fall back down below the current trend...

XYZ-Trader-

Many Elliot Wave Technicians believe that we have already completed the 5th Elliot Wave in the S&P and are in the A-B-C correction, which will either take us down to test the March lows or begin another Elliot Wave up. Because of that, many people are getting short in the market. When the masses expect one outcome, I feel that is when the market does the...

XYZ-Trader-

Please use at your own risk if trading. There is a bullish cup and handle pattern forming on the S&P after today's trading. Big moves to the upside possible.