I'm just sharing ideas and possible positions, liquidity, POI and price. Just to take a small bites,
Yes, the king eventually really woke up at 106 area..)
have a nice weekend,
'In the clearing stands a boxer And a fighter by his trade..'
New Cable Thread & Other Pairs
- #2,363
- Apr 19, 2024 1:08pm Apr 19, 2024 1:08pm
DXY weekly Anaylsis: DXY traded in a very short range. Just above it lies monthly and weekly candle high, so there are going to be a phase of indecision and turbulence in terms of finding direction. Given this week's consolidation, I expect DXY to retrace back into weekly FVG and then go for the monthly/Weekly liquidity. Given its location, I will be careful with DXY pairs and go with small lots.
Monthly:
Weekly:
Daily:
4 hrs:
Monthly:
Weekly:
Daily:
4 hrs:
- #2,364
- Apr 19, 2024 1:22pm Apr 19, 2024 1:22pm
- Joined Apr 2024 | Status: Last Sync: 8 min ago | 77 Posts
DXY weekly Anaylsis: DXY traded in a very short range. Just above it lies monthly and weekly candle high, so there are going to be a phase of indecision and turbulence in terms of finding direction. Given this week's consolidation, I expect DXY to retrace back into weekly FVG and then go for the monthly/Weekly liquidity. Given its location, I will be careful with DXY pairs and go with small lots. Monthly: {image} Weekly: {image} Daily: {image} 4 hrs: {image}
Would love to see a break below 105.605 with a break and test of the 2nd MediumTurquoise trendline, that would make for a beautiful chart
{quote} LT, maybe just too early...I'm sticking with 1.2354 before looking for longs to play it constantly to the upside. {image} Min. time for the drop was reached today. {image}
- #2,367
- Apr 19, 2024 1:46pm Apr 19, 2024 1:46pm
- | Commercial User | Joined Jul 2013 | 7,881 Posts
We watch the charts from every angle so you don't have to!!
- #2,368
- Apr 19, 2024 1:53pm Apr 19, 2024 1:53pm
{quote} US30 is helping with the draw down
I had shorted NASDAQ and S&P already in AM session. Dow only showed resistance. Now hammered down.
- #2,371
- Apr 19, 2024 2:12pm Apr 19, 2024 2:12pm
EURUSD Weekly review:
EU traded in a short range. Expecting for upward retracement into weekly bearish FVG and then go for short run again. Monday and Tuesday might be long days. Wednesday & Thursday might be short days.
Weekly:
Daily:
4 hrs:
EU traded in a short range. Expecting for upward retracement into weekly bearish FVG and then go for short run again. Monday and Tuesday might be long days. Wednesday & Thursday might be short days.
Weekly:
Daily:
4 hrs:
- #2,372
- Apr 19, 2024 2:21pm Apr 19, 2024 2:21pm
GBPUSD Weekly Analysis:
In contrast to EU, GU had a larger range and has a pretty clear draw on liqudity waiting. GU is more favorably placed for short trades compared to Euro for immediate days.
Weekly:
Daily:
4 hrs:
In contrast to EU, GU had a larger range and has a pretty clear draw on liqudity waiting. GU is more favorably placed for short trades compared to Euro for immediate days.
Weekly:
Daily:
4 hrs:
- #2,375
- Apr 19, 2024 2:27pm Apr 19, 2024 2:27pm
{quote} Do U think for gbp will be the same as well?
For EURGBP pair there is a larger trend developing for long Euro positions. This will affect their relative strength with DXY.
{quote} (micro) NASDAQ finally broke through the 18.000,00 level and the NVIDIA earnings gap has been filled. All my losses in the prior consolidation have been recuperated. Feels like forever, when you're staring at the charts. Daily chart {image} If this pullback continues, my target would be around 17.650,00. A test of the value area low, weekly support zone and the 50% Fibonacci zone. It would be a pullback of around 10%, which would be pretty normal in my eyes. Weekly chart {image}
However, momentum is going faster than I expected due to geopolitics, so I'm now targeting the area of 16.150,00. Past the value area low, but still in a support zone and around the 61,8% Fibonnaci retracement.
Unless Israel and Iran make amends, I think this will keep going in the same pace more or less. As signs of sticky US inflation keep popping up. For example mortgage rates reached their highest levels since last November.
Daily chart
This week was an exceptionally good week, trading-wise. But I also feel kinda frustrated, maybe I'm just "burned out" from trading currently. I also feel like I'm reading too much into articles and data. I'm trying to keep a record of all these things like: COT reports, seasonality, CPI, labor market stats, GDP, retail sales, blah blah blah. As I value fundamentals more than technicals.
And then you have the news with all this "will they, won't they" tug-of-war over and over. It's kinda annoying sometimes.
Anyways, if any of you (oldtimers) out there know a good book about fundamentals, pls let me know.
If you read my whole post, you're a f*cking warrior and thank you
. HAPPY WEEKEND! I'm going to sleep now.
- #2,379
- Apr 19, 2024 3:06pm Apr 19, 2024 3:06pm
- Joined Jan 2024 | Status: #freepalestine | 3,712 Posts
Stop Procrastinating
- #2,380
- Apr 19, 2024 3:12pm Apr 19, 2024 3:12pm
{quote} I said earlier that I expected NASDAQ to go to 17.650,00 if it "continues like this". I mistyped, I meant 16.650,00. However, momentum is going faster than I expected due to geopolitics, so I'm now targeting the area of 16.150,00. Past the value area low, but still in a support zone and around the 61,8% Fibonnaci retracement. Unless Israel and Iran make amends, I think this will keep going in the same pace more or less. As signs of sticky US inflation keep popping up. For example mortgage rates reached their highest levels since last November....
Dow resisted today compared to NASDAQ, casue it was right at the swing PoC, while NASDAQ was passing through a low volume node. I expect Dow to have a free fall next week, eventually reaching 36272 and join NASDAQ in its downward journey.
Dow: Swing profile from Nov 23
NASDAQ:Swing profile from Nov 23
