Introduction Most trading strategies were designed for traders risking their own capital, with no rule set sitting over the top of them. Move one of those strategies onto a funded trader program without adjustment and it tends to fail — this is because the risk parameters that made it work no longer fit inside the Read More…
Introduction Gold is at an important level now because the 4,600–4,622 zone that had capped every rally since June has finally broken, and price is holding well clear of it at 4,702. That is a 6.7% move in three sessions, and it came off the back of the reclaim setup we flagged on 19 August, Read More…
Introduction The S&P 500 is at an important level now because if the bulls are strong enough to hold above 7657 it is a good chance that we see a move higher once more to test the new ATH which made made on the 13th of August. The pullback from there is only 2.28% which Read More…
Oil resumed its rally on Thursday as market participants worried about supply disruptions in the Middle East. Hopes to reopen the Strait of Hormuz have faded as the US and Iran disagree on the terms.
ES has pulled back from its fresh all-time high at 7,838 to retest 7,720 – the prior ATH as support. RSI is holding above the 50 midline at 55.73, keeping the broader uptrend structure intact. Trade Setup Bias: Long Entry: Close green for August 19 session Stop: 7,595 Target 1: 7,838 Target 2: Continuation above Read More…
Gold prices fell on Tuesday as yields gained amid rising tensions in the Middle East. Progress towards a deal has stalled, with Iran saying the Strait of Hormuz will remain closed. As a result, oil prices rose, rekindling inflation worries and increasing chances of a Fed rate hike in September. Gold (Source: Bloomberg) Bullion has Read More…
