Morning Overview: SPY IS ConsolidatingSo many markets are showing similar patterns. I cover what those look like in this morning overview. I also breakdown the AMEX:SPY NASDAQ:EBAY NASDAQ:QCOM and my One Good Trade series follow up NYSE:WES
Community ideas
ES going into CPICame back to analyze the ES pre-CPI one more time. I didn't manage to publish this prior to release, as the inflation data just came out as I'm typing this, but looks like CPI came in as expected so no surprises.
Ultimately, we did get a potential buy signal on Monday as I expected. It did come with a bit of a push down. I'm still not sure I want to go Long, especially as the ES contract is running on Z24, which will expire soon. The official expiry is the third Friday of the month, but depending on the broker it may cut you off a few days before that, so there isn't much time to hold that trade and the ESH25 contract coming in is already about 70 points higher than our current position.
I will likely look for entry into 6E or 6C contracts if they dip lower or show good data into entry points for even soft rebounds.
Look for potential disruptions if we get PPI higher than normal that mathematically shows CPE could come in higher than expected. Fed Decision is next week also, which may setup the sentiment going into long term planning of 2025.
Safe trading, and remember your risk management!
BEARISH on EUROWaiting on the set up on EURO 7am ran the highs but we are still bearish on EURO to Target. Stay with the play: Runs on stops are typical for the opening of the 7-10am Sniper Zone to shake out weak hands
One Good Trade: RNG W/ Consolidation Into Earning DriftRNG is a great earnings drift play for the following reasons.
Earnings Draft
Earning s/r
Consolidation
How To Back-Test With TradingViewHey,
In this video I show you how to back-test within TradingView and give away key tips and tricks that you probably did not know!
Good luck with it and take notes!
Kind regards,
Max Nieveld
GOLD MONEY GAME FOR FRIDAYGOLD ,we have a breakout from the descending trendline connecting 2789-2788 to 2721.on structure retest is open and as well on the demand floor of the ascending trendline opening a 2650-2658 for buy and extreme buy will be 2640-2645.
Goodluck
SELLING EUROToday we are BEarish on EURO. Therefore we are waiting on the set up for the 7_10am est New York Sniper Zone
SUI is at dangerous levels. caution is to be hadSUI is strong! but a deeper correction is still on the table for it
Stablecoins are reversing - Crash targetsAs for Dogecoin there are 2 scenarios:
1) We have a deal with Triangle on a minor degree. In this scenario price unable to go much further than 0.302
2) We have a deal with primary Diagonal, in this scenario price may reach 0.177 before first reaction. But after this reaction fall may continue and update the 2022 low slightly.
#BTC #DOGE #USDT
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD | Quick Rundown & AnalysisGDP data out of UK looking poor, hitting GBP lower.
Will this price move continue?
JASMY Breaking out of consolidation with an impulseJasmy is bullish on most metrics. It had been consolidating and it seems to be breaking out for a good. high/risk reward hard set trade
JASMY Breaking out of consolidation with an impulseJasmy is bullish on most metrics. It had been consolidating and it seems to be breaking out for a good. high/risk reward hard set trade
GBPUSD Setup: Bullish Wave Structure & Fibonacci Buy ZoneThe GBPUSD has stabilised after a significant downward move. A completed bullish wave structure has emerged, with Wave 4 failing to break above Wave 3. This indicates a potential buying opportunity from the Fibonacci buy zone.
On the 15-minute chart, we can consider going long using the MSL pattern (Lower Low, Low of Day, Higher Low & Higher Close) as a confirmation signal.
Entry Point: 1.26303
Stop Loss: 1.2610
Target: 1.2710
Stay disciplined and manage your risk accordingly.
13.12.24 Morning ForecastPairs on Watch -
FX:GBPAUD
FX:AUDNZD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
TRADE MANAGEMENT : Take all and give nothing backHello,
Inn this video...i will be explaining the best and most profitable way to manage your trades in the market or rather the best way to manage open profits in the market
Nasdaq Analysis: 13-DEC-2024Nasdaq trading insights: Not signals, but informative zones to aid your decision-making. Please note: These zones are not trading advice. Use them as a starting point for your own analysis.
Gold trading insights: 13-Dec-2024Gold trading insights: Not signals, but informative zones to aid your decision-making. Please note: These zones are not trading advice. Use them as a starting point for your own analysis.
GBPAUD FORECASTWhen I look the higher time frame, this pair is looking to have the higher probability to drop. The 4H timeframe has made me to look it with a close eye today. So guys let's wait and see how the market will play out
3 STAGES OF THE MARKET in this video i did my best to break down the importance of knowing the stages of the market. in your free time please make sure you study market structure. if you have any questions feel free to message me God bless
Fri 13th Dec 2024 Daily Forex Charts: 8x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 8x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a EUR/USD Sell, GBP/USD Sell, Silver Sell, AUD/CHF Buy, EUR/AUD Sell, GBP/AUD Sell, AUD/NZD Buy & CAD/CHF Buy. I also discuss some trade management. Enjoy the day all. Cheers. Jim
Pull Back Continues Be Patient. 620 Still TargetAs We Pull Back I noticed
UNG INTC Has Relative Strength
Meaning Market Down Stock Up
So I bought Both
