krugman87

krugman87 Updated 

Price has pulled back to the target support range around 0.7550. If you watched my video earlier this week you will remember that I mentioned prudent traders will be watching for the current bull rally to exhaust and pull back to the critical support area. It is within this area that we will be watching for price action signal to get in the market long with the...

krugman87 Updated 

I have been patiently waiting for a breakout of the consolidation area that has been forming since mid last week. Price looks to finally be ready to break out of that range this morning. Price action has been signally strength recently with yesterdays gap up and price hugging the upper range of the consolidation area and then this morning with another breakout...

krugman87

CADUSD is currently range bound with price hugging the upper area of this range. In cases where price is range bound I am always watching for a fake break-out and pull back, which sets up the market for a push back down to the bottom of the range. The types of candlestick patterns I am looking for are pin bars, engulfing bars, 2 bar reversals, bearish engulfing...

krugman87

A few days back I posted analysis on a bullish reversal flag pattern that had formed in gold. At the time I said to be watching to see if price would stay broken out or if bears while push is back down inside the pattern. Price did fall back inside the pattern, fall down to make new lower lows and then staged a very impressive V shaped price reversal. This...

06:53

krugman87 Updated 

The patience, discipline and accurate technical analysis has finally paid off in a big way. For those of you who were on the right side of the market with me, congratulations. After more than a week of consolidating and multiple bearish signals on the hourly, daily and weekly charts, price has finally broken out of it's range in a very bullish manner. Some of...

03:06

krugman87

The markets have taken a bit of a breather over the last week or so. This type of price consolidation is common after a strong move and can provide good opportunities to get into the market for the next leg. In this case we have price still consolidating but starting to hug the upper range of the consolidation area. A potential entry is on the breakout of the...

08:31

krugman87

In this video I discuss key support levels where selling short options for both premium as well as direction(if price bounces higher off of key support) can provide a highly probably and profitable trade setup. There is far more to options that I can fit in a 10 minute video but if you are unfamiliar with them I encourage you to research options. They can add...

02:02

krugman87

Last week we saw an inside bar pattern form on the ES. There was a false break out of this inside pattern. Price pulled back in and continued to consolidate. Going into the Monday morning trading session it looks like we will have a gap up and may finally see that upside breakout to start the next leg up.

krugman87

XAUUSD continues to show weakness. As badly as I would like to see a rally back above 1305, it is simply not showing any price action that would signal such a move. As traders once of the keys to being successful is leaving your personal opinions outside of the trading space and simply trading whatever price is doing. The market doesn't care about our opinion. ...

krugman87

USDJPY continues its very bullish march higher. In cases like this we find key support levels, look for market exhaustion and price pullback to these levels and then wait for high quality bullish price action signals to get long with the overall trend. We never want to go short during strong bullish trend like these since becomes a game of picking up pennies in...

krugman87

USDWTI has had a great run up over the past few weeks. It was blasted through each resistance level and continues to march higher. In markets like these we do not want to play chicken with a freight train, which means we do not want to go short at all. Right now we want to look for any opportunity to get long. Price has slowed within the last few days and is...

06:22

krugman87

In this video I cover a few of the price action patterns that formed last week which became quality trade setups themselves. I also take a look at the most current price action and what it is telling me about where the market may be heading this coming week. I only cover a handful of the patterns as there are many other patterns at play such as rising triangles...

05:46

krugman87 Updated 

As predicted in my analysis last week, Ethereum has begun blasting off. Prudent traders were watching the bullish flag pattern that had form and watching for a breakout of the upper channel of the flag. Due to the very large size of this pattern we could see quite a large rally in the days, weeks and even months ahead. If this is a pattern you are trading or...

05:06

krugman87

In this video I provide a follow up analysis to the daily bearish pin bar setup that formed yesterday and look at some bullish patterns forming on the hourly. Because we are still in a bearish trend on the daily, but have bullish signals on the hourly, this is the time to remain neutral until the markets give clear direction Overnight the bearish pin bar setup...

04:48

krugman87 Updated 

There is a fantastic, high quality flag pattern that has formed in Ethereum. I just posted a video about the morning star and pinbar bullish setups in the daily candles and now we can see a strong bullish flag pattern in the hourly chart. This is creating a confluence of signals that all are pointing to a bullish breakout. If the breakout occurs it could set up...

03:42

krugman87 Updated 

In this video I discuss the 4 bearish signals in Bitcoin right now and why I think it is highly likely price will continue to tumble from here Bitcoin is in the process of forming a text book bearish pin bar. BTCUSD has been in a strong downtrend over the past week or two and has staged a minor pullback. This was a moment of truth for the bulls to see if the...

09:10

krugman87

In this video I show some good past setups on the EURUSD that would have been profitable as well as take a look at where the markets may be going over the next week or more. I focus primarily on the inside bar pattern and some potential ways to trade these setups. Since early this year there have been a number of high quality price action setups including...

03:59

krugman87

The reversal flag that I identified yesterday has broken to the upside as predicted. Price was being pinched between the descending channel (flag) and the major support trend line and finally broke out of the flag with a strong upside move. In this video I perform analysis on the pattern and the type of further price action I will need to see before I become a...