Gold retraces from its downtrend, offering bears a short opportunity. Trader mindset announcement. Last time we looked at Gold On February 24th, I mentioned how we should be sitting on our hands until we saw a potential short squeeze in GC futures. Sometimes we just have to accept the fact that there are no opportunities Read More…
Analyzing the Yen’s continued slide against the dollar. Fib levels, VWAP, and RSI all point to a continuation in bearish price action. Inspirational story about a Yen trader. The slide The Yen has been sliding along with most other currencies against the dollar. 6J futures are down 7.5% since the start of the year. The Read More…
ES is testing the neckline of the head and shoulders we have been monitoring. A potential long trade we could take that has an attractive risk-reward ratio. Trader mindset announcement. Neckline test There has been very little change in many of the markets recently regarding our technicals, but we can focus on ES since there Read More…
The anchored vwap, stochastic, and tight price range give us a bullish trade. How we can take the trade and the length of time, we expect for it to play out. Trader mindset announcement. Technical Analysis Anchored VWAP: The anchored vwap anchors the volume-weighted average price to a specific candle on the chart. In the example Read More…
Gold’s recent price action gives little opportunities for bulls. Traders could be waiting for a short squeeze to initiate short positions. Trader mindset announcement. The slide Gold futures have dropped 7.6% in 14 days. In that period of time, 80% of the candlesticks have been red. The sell-off has been steep, and bulls would signal Read More…
Crude price remains within the triangle formation we have been monitoring. Bullish divergence has been spotted on the MACD for the weekly time frame. Trader mindset announcement. Recap Last week’s analysis is a good example of why we should wait for the close of the daily candle in most situations before making our plays. While Read More…
