Introduction Crude oil futures are still bullish on the daily chart, but the rally is testing major resistance around 102 to 105. The breakout above the 91 to 92 zone has accelerated sharply, and on this session price is about 100.97 after tagging as high as 104.46. CL has now reached its highest level since Read More…
Introduction Dow Jones futures are sitting above a clear support zone at 51,938, and there is a slight bearish bias in US equities right now. On the 10 September session price is 52,601. Price has also slipped under the 50 moving average at 53,120, which is now resistance. Until support breaks or holds, trade the Read More…
Introduction If you’ve traded with a prop firm before, you already know that nothing matters more than actually getting paid. Everything else is a means to an end, the platform, the pricing, the drawdown structure, the scaling plan, because none of it counts for anything if the money doesn’t reach your bank account when you Read More…
Introduction Gold futures bounced out of the support zone around 4,000, the turquoise rectangle on the chart, and that bounce ran into more or less a 17% rally. From the previous high on 25 August we’ve had a small pullback of about 8%, which is a 50% retracement, and that’s a good place to see Read More…
Introduction This is a follow-up to the 3 September analysis, where NQ was sitting on the 29,000 support zone with a morning star on the daily chart. That bounce has held. The morning star formed on the Wednesday session and confirmed on the Thursday green day, and that Wednesday close was 1.16% up. On the Read More…
Introduction A trend line channel strategy uses two parallel lines. One connects your swing points and defines the trend. The other is projected across the price action and marks where the next swing is likely to stall and swing. You enter on a pullback to the trend line and take profit at the opposite line. Read More…
Introduction Crude oil futures are testing a resistance band around 91 to 93. On the 4 September session price was 90.84 after tagging as high as 92.16 inside that zone. The Primary setup from here is a short off that resistance, with a stop just above Thursday’s session high at 93.15 and a target around Read More…
Introduction Nasdaq futures have bounced out of the 29,000 support zone after testing the support zone (light blue zone). On the 3 September session price is 29,286. The first real resistance overhead is the 200-day moving average at 29,368, and above that we still have to deal with Friday’s high at 29,811. If the bulls Read More…
Introduction Gold futures are pulling back after a strong rally stalled at the 61.8% Fibonacci retracement (4,683) and the 200-day moving average (4,638). Those two levels were close together, and that’s where the resistance came in. On the 2 September session price is 4,356. The 78% Fib near 4,400 has given way, and the 50-day Read More…
Introduction This is a follow-up to the 15 July analysis, where price was sitting around 52,901 with room to run toward 53,500–54,000 before hitting real resistance. The price has not changed much since then but did get a small bounce off the 78% Fib level and now bulls look to be finding their footing before Read More…
