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How I am trading the dollar right now
I have received quite a few questions about where my focus is in the currency market right now and it continues to be simple: Short US dollar. I discuss how and at what level in this update.
Daily and 120 overview on NQ. 11/11/2020
We still have all of the moving averages on our side on the Daily, but not on the 120 minute chart.
Directional Bias is Still Bullish
Since the election, we have seen the market continue to rally with a brief pause today. Here’s where I am focused for continued strength. (hint: Not NQ).
Where to focus after today’s gap up
Today’s move was faded from the open — but there is good news, and plenty of opportunities to reengage the trends.
The Long Setup in Gold Is Here
A lot of traders have been waiting the overbought zone on daily time to exhaust and retreat, and what we had today was a 3x the daily typical price movement range in gold.
Directional Bias for Next Week
I am bullish going into next week, despite the choppy range the broader markets are currently in. How to find lower ends of the range for fade buys are covered in this video as well.
How much higher for gold?
With the breakout of the last two sessions, is gold ready to make its move?
What does history tell us about the “gridlock” directional bias?
The market is an historical probability machine, and looks to past scenarios to predict future outcomes. That’s why tendencies have a powerful influence on trader and investor behavior.
