dasalfrx

dasalfrx Updated 

Risk/Reward 3:1 Bias: Longs Confluences Macro Daily - Market major support zone from price 3800.0 (daily key level) this daily key level being a major psychological level and the previous week's low. Daily - Two previous daily candles closing confidently above price 3900.0, this price zone being a weekly key level as well as another psychological level. 4h -...

dasalfrx Updated 

First trade of the year!!! Getting back into swing of things... Risk/Reward TP1: 2:1 TP2: 4:1 Bias: Longs Confluences is as follows: Macro Monthly - Market timeframe retest off of a Key level zone at price point 11000.0, this price point being a major key zone on the monthly chart. Indicating that more bullish opportunities in the foreseeable future, so long...

dasalfrx Updated 

Risk/Reward: POSITION 1 - TP 1 R/R 5:1 - TP 2 R/R 9:1 POSITION 2 - TP 1 R/R 6:1 - TP 2 R/R 9.6:1 Bias: SHORTS Confluences for this trade is as follows: Macro Weekly - Wick rejection off of 1803.500, which is the previous week high and Weekly key level. Daily - Evening star price action translated from the initial wick rejection on the weekly timeframe Daily -...

dasalfrx

Backtest Report is as follows: # of valid entries: 2 - Wednesday: R/R 5.86:1 - Friday: R/R 2.88:1 Overview of momentum for the week: Beginning of this week we weren't really seeing anything of significance, with Monday and Tuesday relatively consolidating. Up until Wednesday is when we saw a clear break from that consolidating structure, with Fed Chair Powell...

dasalfrx Updated 

Risk/Reward: TP 1 - 2:1 TP 2 - 3:1 Bias: LONGS Confluences for this trade is as follows: Macro Daily - Strong Bullish candle closure above a major weekly key level at price zone 17800.00 from yesterday's Daily candle. 4h - Break and retest off of a major structural swing high (pointed out in a YELLOW arrow) 4h - Bullish market condition (Uptrend) Micro 15m -...

dasalfrx

Predicted Bias for the week: BULLISH Reasoning: Overall Bullish market condition from last week's macro timeframe analysis ~ Weekly - Heavy support off of price zone 1750.00 from three weeks ago Daily - Strong bullish continuation impulse following from last week, indication of continued bullish momentum 4h - Continued creation of newer higher highs/lows with...

dasalfrx Updated 

Risk/Reward: TP 1 - 3:1 TP 2 - 10:1 Bias: SHORTS Confluences for this trade is as follows: Macro Daily - Double top market structure formation on this timeframe, rejecting a major daily key level/psychological level at price point 12000.0 Daily - Yesterday's daily candle closed below another daily key level/key daily resistance at price point 11600.0 4H -...

dasalfrx

November Week 4 Outlook for Gold Bias for the Week: BULLISH: Reason Weekly - Market timeframe supported off of a major weekly key level at price point 1750.000 Daily - Market timeframe support off of a major daily key level at price point 1734.000 Daily - Creation of a new higher low structure from last week, thus expecting the market condition to be bullish...

dasalfrx

November Week 4 Outlook for NASDAQ Bias for the Week: BULLISH Reason Daily - Market structural retest off of previous structure highs Daily - Retest off of a daily key level at price point 11600.0 4h - A relatively large bullish push from last week Deciding factors that will change said bias: If price ever breaks below the major key level at price point...

dasalfrx Updated 

Risk/Reward 3:1 Bias: SHORTS Confluences for this trade is as follows: Macro Weekly - Last Week's candle heavily rejected 1780.000 Key zone, an indication of bearish market condition on the lower Macro timeframes (Daily/4h) Daily - Continuation off of previous week's retracement Daily - Strong bearish candle closure of the previous day's candle, thus closing...

dasalfrx

Backtest Report is as follows: # of Valid Positions: 2 - Monday: R/R 6:1 (LONGS) - Friday R/R 4.5:1 (SHORTS) Overall movement of the week: EURUSD was looking to move in a bullish CONTINUATON impulse in the beginning of the week. Looking into potential LONGS positions up until hitting the weekly key zone at price 1.04000, validating Monday's longs position. Upon...

dasalfrx

Backtest Report is as follows: # of Valid Positions: 2 - Thursday - R/R 10:1 - Thursday - R/R 3.5:1 Overall movement of the week: NASDAQ more or less moved in a bigger timeframe (specifically in the DAILY timeframe) in a retracement, why I say retracement due to Daily timeframe being in an UPTREND. Since seeing retracement movement on the Daily... on the 4...

dasalfrx Updated 

R:R 4:1 Confluences for this trade is as follows Macro Weekly - Timeframe tap into a major weekly key level @ 1780.000 ZONE Daily - Formation of a tweezer top price action translated from the initial tap on the weekly timeframe, followed by a strong bearish leg from yesterday's Daily candle 4h - Signs of bullish exhausted candles from a few previous 4 hourly...

dasalfrx Updated 

Risk/Reward 4:1 Bias: SHORTS Confluences for this trade is as follows: MACRO Weekly - Timeframe tapped into a major weekly key level @ price point 1780.000 zone Weekly - During the timespan of Nov 29 2021 through Dec 13 2021 the market had supported said zone multiple times before creating a very big bullish impulse, thus confirming said zone as...

dasalfrx Updated 

Risk/Reward TP 1 - 5:1 *ACHIEVED TP 2 - 11:1 Bias: SHORTS Confluences for this trade is as follows: Macro Daily - Rejection off of major daily key level AND psychological zone @ price point 12000.0 4h - Yesterday's US session rejected said key level/psychological zone. In this timeframe it is translated as a strong bearish leg. - During last nights London/Asia...

dasalfrx

Risk/Reward 6:1 Bias: LONGS Confluences for this trade is as follows: Macro Daily - Previous strong bullish leg indicating strong presence of buyers in the market 4h - Bullish trend market condition - market timeframe retesting previous market structure highs Micro 1h/30m - Market retesting previous bullish rectangle market structure (bullish...

dasalfrx

Risk/Reward 9:1 Confluences for this trade is as follows: Macro Daily - Continued bullish momentum off of current bullish leg 4h - Previous 4h candle (end of london session/us open) closing ABOVE the previous week's daily high zone - bullish trend market condition Micro 1h/30m - break and retest off of previous structural highs (translated from the 4h...

dasalfrx

Reason: Market did not reach the initial zone I was looking for before shooting to the upside as soon as the news, PPI event came out at 1330 UTC time. Note this is a major news event for the USD that came out negative for the USD, ultimately putting NASDAQ in the POSITIVE direction. Nevertheless the confluences for this missed entry is as follows: Macro Daily -...