gold technical analysis
Technical Analysis

Gold bulls forced into hiding as GC continues to plunge

Why I see gold moving lower and how we can take positions if that does occur. An incredibly interesting story about a gold trader Nick Leeson. Looking at the pullback again Last time we looked at GC, we were waiting for a potential long entry using a bullish reversal pattern on a lower time frame. Read More…

crude oil technical analysis
Technical Analysis

Crude Futures (CL) bulls ready to target $90 oil

Analyzing the symmetrical triangle once more as a bullish trade emerges. Why our last trade failed and how we can learn from it and not repeat the same mistake. Triangle We have been patiently waiting for a direction in CL after price has been sitting within the symmetrical triangle for the entirety of the year. Read More…

Technical Analysis

Dow Jones futures (YM) rally ahead of CPI report

Inflation report later today will likely dictate price action for the remainder of the week. Analyzing how the triangle pattern is providing three possible setups. The triangle pattern Last week we analyzed the triangle pattern that is forming on YM. Take a look at it here. The price is currently trading right at the top of Read More…

Technical Analysis

Double bottom on Nasdaq (NQ) futures give bulls upper hand

A double bottom on the daily chart is driving bullish sentiment. Different entries and targets we can aim for and why shorts trades should be ignored for now. How can we use a simple stochastic entry method in a shorter time frame. Technical Analysis Double Bottom: NQ made a bottom back in October of last year, Read More…

Technical Analysis

Euro futures (6E) move into support zone providing possible longs

Pullback gives rise to possible long trades. Fibonacci analysis, candlestick analysis, and two possible outcomes. A true story about a currency trader from Dubai. Technicals We have finally seen a decent sized pullback on the Euro futures as price has moved into a minor support zone. I called for such a move a few weeks Read More…

Technical Analysis

Higher high re affirms bullish trend in Russell 2000

The trend is now bullish on RTY due to the higher high made on the daily chart. Looking at the hourly time frame for possible entries. A very inspirational mini-movie about a Japanese day trading legend. Analysis In our technical report two weeks ago, we looked at two potential trades, a long and a short one. Read More…