thebasiqtrader

thebasiqtrader Updated 

First trade I published on Trading View this year, happy new folks. Okay, so I'm looking to go long on GU until around 1.28 levels. I do anticipate GU to test demand level that is around 1.25492, so we will see on how that goes. For now I am going long until my previous demand is not respected.

thebasiqtrader

This is just a quick and simple way of how I look at the markets, this was analysed with the 15m then I zoomed into the 5m. I like to do it as simple as possible because I found out that the easier the better. Of course I have my own flaws but the main idea is to have that little edge. My main reason to post this is not to give you a strategy per se but to give...

thebasiqtrader

This is my analysis on Gold today. This is assuming Gold is done with its run up. Yesterday I wanted Gold to reach 2050 and did just that after stoping me out first haha. If the current 15m does break and close below the previous low them I will seek entry at around 2041.955. No matter how deep it goes down after I post this. Gold tends to always retest previous...

thebasiqtrader Updated 

This is just a quick trade that might go horribly wrong because it was rushed.

thebasiqtrader

I came up with this analysis for EU. This might happen outside my trading hours so I don't know. A quick 1:2 on EU. I am anticipating it to continue climbing and breaking 1.09650. I have 3 points I am expecting some resistance at, and that is the supply level (@1.09806 to 1.10045), second level being (@1.10862 to 1.11496). My most anticipated level would be the...

thebasiqtrader Updated 

Hello again. I still stand strong on gold buys. I see Gold reaching levels around 2445 sometime this week. I have 2 setups for possible entries, one from a 15m demand zone and the other one from a 30m demand zone. I am waiting for market to give me a strong rejection from either of the 2 levels then I will look for an entry. I have 3 scenarios here, the first and...

thebasiqtrader Updated 

I am simply trying to short the market here. I do not have multiple confluences other than the 1h supply level and bos. This trade breaks almost all my rules, I will be taking it regardless. I have more trust in the smaller long position than the big short.

thebasiqtrader Updated 

I am bullish on GU this week. I have the idea that market will not make any deep pullbacks/retracements today(14/11/23), so I have been looking for long positions in the nearest demand zone that makes sense to me. I did take a quick position at 1.22699 today until 1.22950 so I am comfortable taking this one since I already created some padding.

thebasiqtrader Updated 

I see a clear downtrend on XAUUSD for the past few days. Im waiting for a possible rejection from a 4h supply zone with would potentially push market to the downside and possibly breaking below 1810.657 onto the weekly fair value gap or demand zone below it.

thebasiqtrader

I'm seeing a rejection from a 4h Order Block from March 20 which causes a change of character from the downside to the upside. Tomorrow(06/05/23) market might push a bit down for retest to the 2 fair value gaps I marked. An ideal area to place stoplosses would be at around 1.06260. What do you think?