Recap In the middle of last month, we looked at a potential short setup as GC was showing signs of being overbought. It was also trading at the top of an upward-sloping channel which signaled to us that the top may be in for the time being. (Read more) Technical analysis There are a few Read More…
Technical analysis There is a consolidating pattern forming on 6C as the highs are slightly lower each time, and the lows are slightly higher each time. This range gives traders the possibility to make profits by selling the top and buying the bottom range. The top side range is around 0.75, and the bottom side Read More…
Technical analysis RSI: There is bullish divergence on the Relative strength index on the daily chart. Support zone: Prices are bouncing off a support zone at $66 per barrel. Bears have tried multiple times to push the price below this level, but there is a high demand for Oil at this price. This keeps CL from dropping Read More…
Recap from last weeks trade On May 2nd, we looked at taking a short trade that has now hit the maximum target. It was a very simple position where we took a short as the market refused to push through a resistance zone. Trading can be very simple if we use the correct mindset, manage Read More…
Quick recap Last week I mentioned staying away from trading 6E, but things have changed now that the FOMC and key US data is out of the way. There looks like a potentially high-risk reward trade that has a low probability of success, but nevertheless, I want to show you what it looks like to Read More…
Recap We have been tracking the inverted head and shoulders for a while in ES. Finally, it looks like price is breaking above the neckline, which is a great sign for the bulls. Please look at the previous article’s charts for reference if you have not been keeping up to date with the analysis. Below Read More…
Russell 2000 RTY On April 28th, there was a long trade opportunity with an entry price of $1,747.6, a profit target of $1,826.3, and a stop loss of $1,693.7. The market has rallied since then, just missing our target by a few ticks, and has now dropped back to the original entry price. Before we look Read More…
Technical analysis YM has rolled over since the most recent local top made at $34,373 from the beginning of May. We have seen a dip of 5% which is not significant, but the price action tells us the bearish momentum may still have further to go. The 200-day moving average is being tested at the Read More…
The trade Before we get into the new price action and the profitable trade regarding CL, take a look at the previous article to see how we entered the trade in the first place. The long has been successful so far, and it shows just how powerful it can be if we understand candlestick patterns objectively. The Read More…
Meet Karan, a talented futures trader at OneUp Trader from trader mindset. Based in California, in the United States, Karan trades the $250,000 Evaluation. He has withdrawn $17,500 so far with his aggressive scalping style.Karan primarily trades one instrument, NQ. He has become an expert in trading this popular futures contract and has an average Read More…
