Good Morning Traders, another case study for putting it all together of the Order Flow and Price action trading. ES trading down on the day slightly, but internals are closer to a trend day up than they are do neutral. Internals were driving up, however there was a problem, low was weak, there was 3x…
Category: Daily
Daily market analysis
Dec 29, Perfect Order Flow Clue Review
Hey traders, welcome to Dec 29, 21 review and overview of order flow and price action concepts discussed in core piece on trading strategy. The quote from the piece, so at the open waited for some order flow events at volume profile level, templating previous day and composite profile. Things got really noisy at 70×72…
SP500 Food for bears Review
Hey Traders, few interesting thigns worth noting on the dailys after todays session: – Trades above previous rally highs on 2 consecutive days and failed to close above– Today’s candle closed below the low of the high candle (say that 5 times fast), thus triggering a sell on the daily’s. Here are some levels to…
ES Update & Review
Hourly chart is rather self explanatory, will be watching following trendlines and fibs, key levels are highlighted: Break of the lows and the lowest highlighted area on the hourly also lines up with a fib from july lows on the daily: Also note a boji daily candle ( obviously, its a term for backtest Doji…
Precious, X-King and SP
Hey Traders, Dollar put in some new lows today coming within a dime of the bottom of the channel posted in last night’s update. Here are short term levels to watch to possibly start building bullish case: Both short dollar and long gold trades seem overcrowded, but not sure if its wise to chase either…
ES / SP500 Update
Hey Traders, unfortunately there are not many clues from Mr Market these days, will have to be watching Dollar closely as well as see what happens with all the news this week. ES/SP500 continues to be in the wedge, with top of the wedge resistance being about the only thing I see in the way…
Euro, Dollar and Gold
Hey Traders, Lets take a long at whats going on with x-King Dollar, Euro and the oh-so-precious metal. Firstly, Dollar has been trading in the channel, and yesterday, after another round of rumors about replacement reserve currency, this time from UN , had made a new yearly low. It has also reached some very oversold…
Dollar, Gold and Euro
Hey Traders, While gold and currencies remain great scalping instruments, there haven’t really been many developments longer term picture wise. Firstly, the dollar, the following three trendlines on hourly chart seem to be very much respected over the past several weeks: break above higlighted resistance level would like take DX to the top of the…
Weekly SP500 Update
Hey Traders, this market refuses to pullback for more than few hours with bullish sentiment and various market internals continue to set record highs, all that is rather irrelevand since only price pays and we (traders) have to make the most of intraday opportunities since only price pays. Firstly, lets take a look at weekly…
No Technical Damage Done
Hey Traders, no technical developments today, choppy boring day, support levels remain the same as yesterday, see previous post. As far as intraday levels and internals will be posting them in the chat as well as twitter @esecfutures Cheers Vlad