dreadhead4_life

dreadhead4_life

1.Price broke structure and created a new LL 2.Price is currently in 92-point range, no trades, wait until break of structure 3. Bulls: There is a clean range to the left for price to move if 35723 is broken 4. Bears: There is a clean range to the left if 35610 is broken 5. Could been a liquidity grab for the bulls if this line of support is not broken **6....

dreadhead4_life

Market open volume, there is a chance that price can break below market structure at 35830 to continue Bearish to retest the lows created on Friday at 35690 Or price can begin to form a new higher low and create support within the range to then continue Bullish and retest the entire drop from Friday. So a break of 36020 to retest 36140

dreadhead4_life

A high was created during the Asian session. If price forms support on the 30m timeframe, there is a possibility that price can continue bullish to retest the highs and possibly create a new higher high. This can happen as we approach the US session volume. Be careful as price approaches these levels as it is a strong level of resistance/ a potential sell zone.

dreadhead4_life

Quick scalping Idea for today. Price is currently in a range on the higher timeframe so price might be choppy. These are two key levels for a quick scalping opportunity.

dreadhead4_life

Gold is looking bullish for NYSE open. The NFP news was bad, so Gold could be bullish

dreadhead4_life

Today is the NFP report at 8:30am. There should be tons of volume with the news release. I believe price will continue its bearish movement down. There is too much negative news surrounding the US economy. I believe the NFP report will be good, but the market will still go bearish.

dreadhead4_life

I am bearish on US30 today but this is more of a conservative approach to the markets today. If Price breaks either one of those levels I believe those are clean ranges for price to move without any hassle. Its something to think about, but I see price creating a new lower low to retest the bottom of the range from a week ago.

dreadhead4_life

1.Price had a strong bearish move during the close of NYSE session yesterday 2. Price created a low 3.Price has retraced during the London session 4.NYSE open volume can push price down to retest the low that was created yesterday Bearish movement can continue until 2pm today

dreadhead4_life Updated 

Price formed a high yesterday which has now become the target for today. I believe that price will retest yesterday's highs and could possibly continue bullish. If not, price may retest yesterday's highs and then start to reject. I favor the bulls in this scenario because the price has broken its previous highs and created new ones. The 200EMA also looks like it...

dreadhead4_life

Price recently broke the level of resistance and is currently testing new highs. I will not look for a buy unless price makes a pullback and creates a level of support, or starts to reject the 50EMA (purple line). A rejection (candle wick) from the 50 EMA will provide confirmation for a bullish continuation. No buying opportunity without a retracement! Not...

dreadhead4_life

Price is currently in a 338 point range. You could try to trade in this range but I will not because the price is too choppy and will be too difficult to trade. I think price will range throughout most of January. The reason why I will wait for a break below 36245 is because the candles to the left are not ranging but are clean moves straight down. And a...

dreadhead4_life

Price has been ranging since the Asian and London session. Not sure if NYSE open will bring in volume. The two targets don't have much of a range and price might be choppy. Waiting for market open to see what price does. If its still in the range at market open until 10am, I will not look for a trade. If price does have volume and breaks the range I might take a...

dreadhead4_life

This is a closer look at the setup described before market open. This is why I wait for the 15m candle close to confirm directional bias.

dreadhead4_life

Price rallied bullish during the London session and created a Higher high on the 1H TF. The trend has been bullish for the past week so I am waiting for price to pullback and form some sort of support to then retest the highs. I am also aware that price on the HTF has just rejected a Daily level of resistance, so there is a chance for price to break 36250 to...

dreadhead4_life Updated 

My bias is bullish until 36200. I believe price is trying to retest its previous highs that were created on December 16th. There isn't any news schedule for today so I don't believe there will be any crazy volatility. Currently the majority of stocks look bullish. We are also returning from one of the biggest holidays for many companies and their ROIs are probably...

dreadhead4_life

*Bias is bullish for the short term due to bullish movement all week. Price could possibly continue to break to the upside until 36160 area, which is a major level of resistance on the HTF. Or Price can break the level of support to retrace its bullish momentum from yesterday. This is a game of patience since we are currently in a 139p range. Waiting for market...

dreadhead4_life Updated 

Price is testing a major level of Resistance on the 4H TF that was broken last week. This current movement up could be a pullback for price to reject and then continue bearish once 35280 is broken. Or price can find support from the 200EMA and then continue its bullish movement to retest the previous high at 35900. Waiting for market open volume at 9:30 am to look...

dreadhead4_life

Waiting for NYSE Open at 9:30 For Price to either Break above or below for a scalp trade w/ market volume. Right now the overall trend on the 4H TF is bearish, but on the 30M TF price is currently retracing. A quick buy to the upside is possible because of the clean candle on the left with a possible rejection from the 4H level of resistance to continue the...