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…
Equities ended last week nearly flat as prices oscillated amid geopolitical tensions and US economic data. The conflict between the US and Iran escalated during the week, sending oil prices back above $90 a barrel. Meanwhile, non-farm payroll data on Friday revealed a robust labor market that gives the Fed room to hike interest rates. 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…
