Day Trading Gold

Day Trading Gold, using GC chart on Ninja Trader 7

[caption id="attachment_6443" align="alignleft" width="300"] gold chart[/caption]

Day Trading Gold Weekly Chart

Will gold go lower? Well, on weekly chart we can see that gold got a very nice Ret. so far. Gold price fill the Gap, but was not able to pass 200MA on weekly chart. Look at buyers volume on last week. Not much, very low in buyers commitment. Buyers was also not able to pass Bearish trend line last week.     [caption id="attachment_6444" align="alignright" width="300"] day trading gold[/caption]

Day Trading Gold ; 1440 min chart

On this chart we can see that gold hit 50% Ret. Fibonacci. my Targets are my blue line for Short position and 200MA fo [...]

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GBPUSD Forex

GBPUSD Forex , Using 6B Futures Contract

[caption id="attachment_6437" align="alignleft" width="300"] Forex trading GBPUSD[/caption]

GBPUSD Forex Direction & Targets

This is an Update on last post on GBPUSD Targets&Direction. After few days,we can buyers having hard time to pass this first 50% Ret. Fibonacci and the 50MA. Right now GBPUSD price are between my Green Trend line and 50MA. Is in a consolidation and should break out very soon. I'm more likely to go for a short one, because Sellers are under my Brown Area line and 50MA. And in last few days buyers din't have the same commitment as they did on past move UP. Short:1.5103 -1.5047 - 1.498  Long:1.5377 - 1.5483 - 1.5551

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Day Trading SP500

Day Trading SP500 : Last week we finally start to see sellers get in the game everywhere. Next week we will test few important resistance on different index. For now, I will just focus on SP500 US Index.

[caption id="attachment_6425" align="alignleft" width="300"] S&P500[/caption]

Day trading SP500 Weekly chart Using ^SP-500 Chart

Since December 2012, Is a first time we see sellers candlestick with strong volatility. ~1550 price, are important for next week. For 5 weeks already, sellers try to close under this price, but every time fail to break this support. And every time  they show more and more commitment to close under this price. On buyers side there no commitment anymore. Normally  when sellers fail many time to close under certain price, buyers will use this opportunity to bring price at new highs with strong commitment. But this time we don't see this anymore....Probably at this point, Investors have no more money to invest anymore :)..they realizing price are to High?  :) [caption id="attachment_6426" align="alignleft" width="300"] s&p500 chart[/caption] On [...]

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AUDUSD FX H&S

AUDUSD FX H&S on 1440min , using 6A Futures Contract charts

[caption id="attachment_6419" align="alignleft" width="300"] forex[/caption]

AUDUSD FX H&S , Update on last 2 posts

After buyers fail to stay above 1.0460 area, sellers jump in Market, and drop 6A price till my 2nd Shoulder. On volume, we can see how strong was sellers, 2x more volume than average time. 200MA: One thing very interesting, 2nd shoulder are supported by 200MA on daily chart. What will happen next? I have few major scenario that you may see happen. 1st: Long till top : Buyers will take this opportunity to bring 6A price, back to 50MA (also my 1st Long Target).At this level, buyers need to pass 50MA, and close above with strong volume and volatility. once they pass 50MA, is a one way to retest my 2nd and 3rd targets. 2nd: Bounce and Short: Buyers take control for a short term, till 50MA, fail to pass. You will see in buyers volumes,  sellers will get in the market and need to break in [...]

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Gold Trading - All is gold, does not glitter, Sellers in control

Gold Trading - All is gold, does not glitter, Sellers in control.  

Let's get to the gold charts. Remember, when selling occurs in gold and there is volume there is fear in the market that will normally cause the selling to continue. Gold sellers have moved in. There is a lot of different stories out there as to the timing of gold prices and the selling of Gold by Cyprus. Sort of a punitive measure for them using their only capitol reserve to pay off Banks that didn't know when to stop lending. Too bad once they sell then they will have no real Capital Reserves. 1478 looks like the short term support.  Watch as sellers can either panic or pull back for a small retracement to 1500. Once 1478 is broken the next major support is 1381. A more logical support will be the psychological support that will come in at 1400.

Gold Trading and ETF GLD

GLD the Gold ETF is showing the same weakness with a thin bid giving sellers push in this market. Downside support is 142. but looking for a Gap down to around 140.50.  The next major support if it breaks here is 136 to 138 area.  Watch this at the open as another influence in the over night is some support in the Japanese Yen pushing the Dollar index up. Watch yourself as this is a volatile market, it is best not to trad [...]

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Forex AUD/USD

Forex AUD/USD trading, Direction & Target Using Futures 6A.

[caption id="attachment_6405" align="alignleft" width="300"] aussie[/caption]

Forex AUD/USD Trading , 1440min chart

We are in Bullish trend line. On 1st move up, buyers had low volume, and weak movement. Sellers took this opportunity to bring Aussie Price back to MA50. Strong volume but weak movement from sellers. After Sellers test MA50 and fail to pass, with so much volume, buyers get organize and bring Aussie price to new high. [caption id="attachment_6406" align="alignright" width="300"] aud/usd[/caption]

Forex Aud/USd Trading , 60min chart.

I use 60min chart, to clearly see that we are in a small consolidation. What I'm watching for, is who will control my "Green / Red" zone, and if sellers will pass my "important buyers support" My Targets are Green line, and Red Line, depending on witch direction you will take. For my self, even if I'm both on this one, will prefer Long position for now.

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End of Yen Sell OFF?

Japanese Yen (6J Futures Contract) show that we are at lowest level since 2009.

[caption id="attachment_6396" align="alignleft" width="300"] japanese yen[/caption] As you can see, we have a very nice buyers resistance at 0.010070. will 6J keep losing value in long term? Can't tell you, but what I can , it is a great opportunity to trade 6J. What I'm Looking for now ,is buyers taking this opportunity to bounce at this level, and retest Sellers Support. [caption id="attachment_6397" align="alignright" width="300"] japanese yen[/caption] Since, most of the time Sellers was in Total Control, I suggest to trade Yen on very short time-frame. For now I will use 60minutes chart. After Buyers showing some good momentum to keep moving Long, I'm looking to see buyers take a break, and let sellers bring price at 0.010130 - 0.010110 . At this level , we should have a nice trade Long. My targets will be 0.010148,MA50 and my 2 Red line. To take trade long, sellers should not close under any of my green trend lin [...]

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Markets running to highs - SP500 futures trading

Markets running to highs - SP500 futures trading

The S&P500 emini futures Chart is showing an extension to 1607. Using the swing low from 1030 to 1391 and extending from the swing low at 1243, the 100% extension for a Fibonacci extension would be 1597 to 1607 range. We are looking at the weekly chart on the S&P500 emini futures and we can see how the price action fits into the extension profile as the second move up from 1243 peaked around 1465 and then retrace to the 50 Moving Average. A weekly candlestick range for buyers can range to 70 points like the one on January 4th. Watch for this to keep direction in to the weekend. The only news that could be in the way is N. Korea, Europe (especially Holland), and  of course the Japanese bond market. Quantitative easing keeps the direction.  Remember, trend is your friend...(Until May)

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GBP/USD Day Trading

GBP/USD Day Trading Using Futures Contract 6B

[caption id="attachment_6379" align="alignleft" width="150"] British Pound day trading[/caption] GBP/USD Day Trading 1440min chart On this chart I add another 50% Ret. of Fibonacci . Right now, we are testing my 2nd Fib. It may be a good call for short trade , buyers who wasn't able to close above 50MA. I'm looking to see sellers get in market in next hours, and bring GBP/USD price at my 1st red area. witch is the double bottom also on short term. If sellers can't keep GBPUSD price under my brown line( 1.527) , I'm looking for buyers to go directly to the 1st Fib. If it happen, Buyers will be exhausted once they reach  this level (1st Fib),and it will be a great call for short trade.

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AUD/USD Day Trading

AUD/USD Day Trading using Futures Contract 6A

[caption id="attachment_6373" align="alignleft" width="150"] aud/usd trading[/caption]

AUD/USD Day Trading Weekly Chart

1.0360, is the price  Aussie never close above for few months. Right now Aussie are looking to make an H&S ( Head and Shoulders pattern). After failing to keep price above 1.0360 , Aussie price start to fall. the second shoulder should be at the same price as 50MA. I'm looking for AUD/USD price bounce at this level. [caption id="attachment_6372" align="alignright" width="150"] aud/usd day trading[/caption]

AUD/USD Day Trading 480min Chart

Here we have an "M" pattern. Right now, we are in a consolidation zone, and even better Aussie price are between MA50 and MA200. Depending if we bound or pass the double bottom of "M" pattern w [...]

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Natural Gas Day Trading

Natural Gas Day Trading, Update on my last post of 04-04-2013

[caption id="attachment_6367" align="alignleft" width="150"] NG trading[/caption]

Natural Gas Day Trading

On last trade I was looking Natural Gas hit to my 2nd or 3rd target and then was looking for sellers get in the market or buyers keep moving up. On this move UP , volume from buyers was great, and look to be committed to keep move up. I don't see any sellers is why I recommend to wait to see who will take control of 4.15 and 4.0$. area. 50MA: Look like, 50MA are very nice support for buyers on Natural Gas. I will wait one week till the end of the week to make a new call on Natural Gas.

I use same system to trade any commodity/Stocks/Currency/Index. For those who are interested to take the course, contact us for more information.

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Trading Crude Oil

Trading Crude Oil , using E-mini Futures QM Chart

[caption id="attachment_6361" align="alignleft" width="150"] crude oil trading[/caption]

Trading Crude Oil Pennant

On Weekly QM chart we can see buyers fail to close or stay above 200MA. And from sellers side, they fail to pass bullish trend line. For next movement, I'm both Short And Long.But more likely to go for a short one. [caption id="attachment_6360" align="alignright" width="150"] Crude Oil trading chart[/caption]

Trading Crude Oil 1440min Chart

This is a big picture of what is going on. Sellers showing lots of commitment, but have hard time to pass my orange area (fight zone). Cyan Line: This trend line was a support for sellers, and my Reversal point to take a short trade. But for this time, I don't see this trend line act as reversal, but more likely to act as a [...]

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Natural Gas Day Trading

Natural Gas Day Trading Update, using Futures NG 05-13

[caption id="attachment_6355" align="alignleft" width="150"] Natural Gas Direction & Targets[/caption]

Natural Gas Day Trading Update, using 1440min chart

On last post of Natrural Gas, I mention that I was looking to see Natural Gas go back to blue line ( price 3.8 to 3.6 price. What happen so far? NG go down till 3.8 price , about 23% down and Sellers test 3.890 price, buyers support , and wasn't able to close under. During next day, I would like to see buyers go back to my 2nd or 3rd target. At this level, buyers should not have enough strength and sellers will get in the market and finally go retest 3.7 price. But if buyers succeed , they will create a new strong support between 4.15 and 4.0$. Long Targets: 3.99 - 4.06 - 4.14 Short Targets : 3.91 - 3.84 - 3.74

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Day Trading Market

 

 Day trading Market ,using Vix to show market volatility

[caption id="attachment_6346" align="alignleft" width="150"] day trading vix[/caption]

Day trading Market , VIX monthly chart

I put this monthly chart if Vix, to show you a big picture. The Red are, is everything below 20 points.For me is area where market is toff to trade as Swing trader or Day trader. As you ca see, we still in bearish movement on long term.13.00 - 12.70 points is a resistance for sellers to bring market volatility lower and keep market low. Last 3 months , we try to close under this resistance. Sellers keep try again and again, and even if they fail at the end of the months, they still pushing ViX at lower level. So what that mean? For me...stay away from the market right now, at least from Stocks.  Is why I start to post more about other Commodity and Currency. (is a good part of market...when one index are in hight risk and out of "good profits"  there are always something to trade )   [caption id="attachment_6347" align="alignright" width="150"][...]

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Day Trading Natural Gas

Day Trading Natural Gas ,  Using NG Futures Contract Charts.

This is what I was working since last two weeks. Natural Gas was in bearish for very long time. Right now, it look like NG find resistance at 3$ price. [caption id="attachment_6335" align="alignleft" width="150"] NG day Trading[/caption]

Day trading Natural Gas Monthly Chart

Natural Gas was in bearish trend for few months. When price reach 4.100 and pass this price, Sellers get so exited and start to sell till 3$ price. At this point, Price was Over Sold .Buyers get in the market, with NG be in Sold.This was great opportunity for buyers to buy Natural Gas. [caption id="attachment_6336" align="alignright" width="150"] Day trading NG[/caption]

Day Trading Natural Gas ,Weekly Chart

On this chart you can see clearly why I say 3$ was the lowest price and now we creating a resistance for Sellers and Support for Buyers. Bullish Trend: I like the way buyers was mov [...]

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Day Trading US$

Day Trading US$, Update from last post about H&S trade.

[caption id="attachment_6330" align="alignleft" width="150"] Forex US$[/caption] Day Trading US$ Monthly Chart, update on H&S trade On this chart I point few key information. 1st: Buyer close above "Dark Red" trend line. 2nd: we have a strong Signal "Long" on 2 last candlestick. Is called "engulfing Bullish". 3rd:We go back to my both short targets ,81.5 and 81.10 price. and 50% Fibonacci before jump UP,   [caption id="attachment_6329" align="alignright" width="150"] US$ day trading[/caption]

Day Trading US& Weekly Chart, Update on H&S Trade

On last chart, I said critic this short this H&S for different reason. And said that we should see how Price will react a [...]

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GBPUSD Day Trading

GBPUSD Day Trading Direction & Targets on 6B 1440min

[caption id="attachment_6322" align="alignleft" width="150"] GBPUSD day trading[/caption]

GBP Day Trading Update on Direction & Targets Short and Long

Direction for Long:  Green area What to watch for: with weak volume of sellers, buyers should get in the market very soon. Direction Short: Red area What to watch: Sellers need to close under grean lower trend line. I prefer my Long position, since sellers was 50% less strong than buyers on last days. But for this one, I will check for both direction.

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GBPUSD Day Trading

GBPUSD Day Trading, Time to make money on GBPUSD currency.

[caption id="attachment_6316" align="alignleft" width="150"] GBPUSD day trading[/caption]

 GBPUSD Day trading Weekly Chart:

Waiting to short GBP on Weekly Chart. Right now we are in Oversold, and price need to go back for at least 1.550. Short Signal on weekly chart should be at my fight zone and 50MA..

GBPUSD Day Trading Daily Chart:

[caption id="attachment_6315" align="alignright" width="150"] GBPUSD day trading[/caption] Bullish Channel for Swing trades: Since it will take few weeks to get at my fight zone area, we have few swing trade we can take d [...]

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US Dollar Day Trading

US Dollar Day Trading ,Using DX E-mini Futures Contract

[caption id="attachment_6308" align="alignleft" width="150"] US$ day trading[/caption]

US Dollar Day Trading Monthly H&S:

We can clearly see H&S pattern Monthly chart. Personally I don't like this short trade for few reason. Volume, buyers Pushing price higher than Left Shoulders. And on daily and weekly chart, we can see buyers trying to close above Red Trend Line. For those who are willing to take this trade. Long Term target will be MA 50, 79.80 and 200MA on monthly chart. Wait for the end of this month, before thinking to take a trade short on DX, few index will probably give us a direction for next  weeks. [caption id="attachment_6309" align="alignright" width="150"] US dollar day trading[/caption]

US Dollar Day Trading Weekly H&S zones:[...]

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S&P 500 Day Trading

S&P 500 Day Trading, Using ES 06-13

[caption id="attachment_6292" align="alignleft" width="150"] sp500 day trading[/caption]

S&P 500 Day Trading Monthly Chart:

On monthly chart you can see buyers fail twice to reach UP Bullish Trend line, and probably will fail on the 3rd time. Right now we can see sellers get in the market on daily charts. What I'm watching for, it's if at the end of this months, market will close under 1508. Is an important price for buyers to support if they looking to keep moving Up for next months and reach my UP Bullish Trend line. If price won't be supported above 1508, I'm looking to short s&P500 Index, Volume: Buyers moving UP with almost same volume all the time, but on every move , we can't match the previous volume high. PS:We still have 1 week to see how this month will close. If we close under 1508. I will see if there's a short direction to "call". Depending on how thing will go on the market. If buyers price will supported...I'm out from s&P500 trading [...]

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US Dollars H&S

US Dollars H&S  on weekly Chart. [caption id="attachment_6287" align="alignleft" width="150"] day trading DX[/caption] H&S on US$ Quick post about US$. This is a H&S trade. Nothing complicate, watching for sellers get in the market very fast. Go back to the 200MA, in my red Area. Buyers volume still Hight, but they should take a rest. Once we get to the 200MA, let's see if buyers will be back. Will make more updates this week.  

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Crude Oil Day Trading

Crude Oil Day Trading, using QM 04-13 E-mini Futures

[caption id="attachment_6282" align="alignleft" width="150"] Crude oil Chart[/caption]

Crude Oil day trading: Big Picture of Why I was preparing for this trade.

This trade have some risk, both reward can be amazing. If you are like me, and you miss your entry at 98$, there a second chance. I'm looking for another Bearish Channel. But for this,sellers need to win this fight at 91$.(consolidation zone #2). If this happen, I'm looking for Weekly chart creating a bearish channel. Why Sellers have more chance to make it this time?break the lower trend line? Well if you look at MA50 and MA200, they are creating a divergence and are very close to each others. and will create a better Support for Sellers. And if you look on volume, Buyers volume drop almost by 50%, and can't beat Sellers last Spike of volume few days ago. What you need to look for is if buyers volume stay in same range, and if Sellers can keep same commitment as before. [caption id="attachment_6279" align="alignleft" width="150"][...]

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Day trading Crude Oil

Day Trading Crude Oil , Update on my Short Trade.

[caption id="attachment_6274" align="alignleft" width="150"] day trading crude oil[/caption]

Day Trading Crude Oil on QM 04-13 E-mini 1440min:

We are now at my "small resistance". So far no one control the QM.But sellers use very well the "small Resistance". As I mention  on Crude Oil last post, if we go short at my "small resistance" point, I pass, for lack of profits.  and because sellers may lose momentum at double bottom by going to fast. I'm still watching Crude Oil Short Trade. If buyers succeed by bring the price at my "Reversal Point". But it won't be easy.  To go short now: Sellers need to be supported by "small resistance",until buyers decide to give up. , careful for "head fake" on Buyers Side. I'm watching very carefully Bonds / US Index and Commodity and US$. If I get what I want, Next weak, I'm looking for great position to "call" and take.    [...]

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Day Trading Gold

Day Trading Gold Update on Last Post

[caption id="attachment_6269" align="alignleft" width="150"] day trading gold[/caption]

Day Trading Gold GC 04-13 E-mini 1440min:

Like on Silver, volume to low. Was looking for at least 200k Volume Spike on my Direction "Long" or "Short". We did not even go to my Mid-Line. Loosing momentum. Like on Silver, Sellers will try to go back to the double bottom at ~1560. on Friday close, will see how thing are going on Gold/Silver. My Short and Long target are not the same, since last time.

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Day Trading Silver

Day Trading Silver Update about my Call Long and Short.

[caption id="attachment_6265" align="alignleft" width="150"] Day trading silver[/caption]

Silver Day trading Update on 1440min SI 05-13 E-mini Futures.

Not much to say about, I was looking for Strong commitment, None...volume did not even go back to the previous high buyers Spike. Buyers being  to weak, creating a "Head Fake". Probably will go retest 28$ or stay in consolidation. Market are toff now, I'm out of Silver trade. If you looking to take trade short, Targets are not 100% perfect since market move. PS: Day trading silver: Perfect example to learn how to manage your risk and stop for maximum profits/minimum losses. Toff market, Stop it's your Best Friend but you need to learn how to use it.

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Crude Oil Waiting for my Trade

Crude Oil Waiting for my Trade ,on QM 04-13 1440min E-mini Futures

[caption id="attachment_6258" align="alignleft" width="150"] oil trading[/caption] Crude Oil Daily Chart Quick post that I want to make about Crude Oil trade to take very soon. even if we can see Crude Oil going "Long", I'm not focusing on this trade. First, this trade already start few days ago, and not much profits left to do. Is why I'm watching the "Reversal" trade to take soon. Is not yet done  but will be an Amazing Short call to make if I get what I want. Also, because this trade may go to fast,and we have few resistance, I probably won't have time to make my "Short Call". But this what should happen to get a short trade and what to take in consideration. 2 places where we can see a "short call" -What I'm looking at first, it's to go back in my green area, and test this and my "small resistance". -If we pass this price area, I'm looking too [...]

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Silver Trading Course

Silver Trading Course on SI 05-13 E-mini Futures

Silver Trading: my post will be small on this one. Since Gold and Silver move almost same way. But still, have some interesting thing to show about Silver. [caption id="attachment_6251" align="alignleft" width="150"] Silver Chart[/caption] Silver trading Course: Silver is in Bearish Channel as gold, and All my DeepPink are important price to watch. My orange Area and 2 line, are the targets and area where silver should go if we go Long. On Silver as on Gold, I'm more "Long" than "Short". The only reason, I'm both direction on market on any index now, it's because those few days, it was very hard to see market direction and we consolidate for too long to see clearly who's winning. On gold, I din't like the fact on last move sellers bring price to very low on last move, On Silver, I don't like the fact,Sellers din't go to the 200MA and retest my lower red trend line on weekly chart.   [caption id="attachment_6252" align="alignright" width="150"][...]

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Gold Triangle

Gold Triangle, Targets&Direction on GC 04-13 E-mini Futures-Contract

After few days of consolidation on Gold and Silver, I was happy to see something interesting for next week(s). Will go from Monthly to Daily (1440min chart) with Direction & Targets. [caption id="attachment_6241" align="alignleft" width="150"] Gold Triangle[/caption]

Gold Triangle Monthly:

As you can see, on long term we are in Bearish triangle. To keep this movement on long term, we have to break are bearish channel on weekly chart. To do this,Buyers need to pass my orange area price. And then, retest gold price around 1700. Gold Bearish Channel: [caption id="attachment_6242" align="alignright" width="150"] Gold BearishGold .... Weekly:[/caption] On weekly chart Sellers never was able to close under [...]

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Market at Top

Market At Top! There we go! will we go for a Major correction, yes or non? if yes soon? or will market keep going and create new highs every day?I wish I can have a 100% answer to this question. I'm working on few stuff on long term. I will share with you in futures.  For now, let's see what is going on in Market. I will use S&P500 Index on Ninja Trader.

[caption id="attachment_6227" align="alignleft" width="150"] S&P 500 Monthly[/caption]

Market at Top

S&P500 Index Monthly Chart : On this chart, you can see we are at tops of 2000 and 2008. I have few double top here. is not easy to say witch exactly will work more than other one. But I put those 2. 1st ~1522 and 2nd , ~1564 .don't use this as "precise targets" . For now, notice we are to far of MA50 and MA200. We getting almost same pattern as 2000 and 2008 correction.  I don't really have much to say about monthly chart, but it's always good to look at big picture,  at first of the months. [caption id="attachment_6228" align="alignright" width="150"][...]

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US$ Direction

US$ Direction on DX 03-13 E-mini Futures Contract

My direction Long term, in "Long" if we keep the same commitment from buyers. Right now, we should take a break as a consolidation or go back to resistance #2 or #3. [caption id="attachment_6221" align="alignleft" width="150"] DX[/caption] US$ Direction Weekly: On Weekly chart, we din't close above the double top. Is why, Buyers will probably take a break and then push one more time and should easily pass this price next time. For this they need to go back at MA50 and MA200 , or at least as close is possible.  and then, enter in market with higher volume than past move UP. [caption id="attachment_6222" align="alignright" width="150"] dollars[/caption] US$ Direction Daily: On daily chart, we can see many support for buyers, and is why I say I was "long" before . Notice also, we are creating a new Bullish channel. We are leaving the small, to create a bigger one. Is not yet Donne/confirm, but look like it will. # [...]

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Gold Direction

Gold Direction using GC 04-13 E-mini Futures Contract. 1440 minutes Chart. Gold drop faster than usually, and was looking to break bearish channel on weekly chart. Gold price close at 1580.4. You may think is a safe trade to take "Long" so we respect or trend line, but let me tell you, it's not an easy trade to take. very tricky! . Sellers was so strong and so committed  that buyers wasn't able to create any dissent resistances during past two weeks. 

[caption id="attachment_6210" align="alignleft" width="150"] gold[/caption] Gold Direction Long:

Gold direction long , if you are looking to take this trade. make sure you see buyers twice more than sellers. If we go long, not much to say...we are looking to respect bearish trend line. My targets are : 1st: 1592.0 , 2nd: 1619:  and 3rd 1647. 1592, are my " safe target", I will explain why later. and 1647 is the price we should hit and close at this price before another reversal. I will be honest,I don't see this happen.

  [caption id="attachment_6211" align="alignright" width="150"][...]

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Trading Gold

Trading Gold On GC 04-13 E-mini Futures Contract.

[caption id="attachment_6205" align="alignright" width="150"] Gold Chart[/caption]

Trading Gold:

Quick Update on gold, to look how this week will end. As you can see, Sellers are truly committed to bring Gold price under 1580, And then, will test a very important resistance 1543.32. This what you have to watch on this week-end, before take gold Long or Short. -Will buyers be able to push sellers back ,to close above 1580? If yes, bearish Chanel will be respected and we should see buyers go back as close as they can to my green spot. -If sellers will close under 1570: We may just keep go to 1543.32. But if Sellers decide to take a break. Buyers should not go above ~1615 for a maximum ~1634 price. I will also, update gold Post, on this weekend, [...]

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Trading S&P 500 Index

Trading S&P 500 Index with ES 03-13 E-mini Futures Contract.

[caption id="attachment_6195" align="alignleft" width="150"] S&P 500 chart[/caption]

Look like S&P 500 are going for nice correction.

1530.25 was the Highest price buyers was able to go so far. After all those little move up of 5 points a days, low volume and low volatility in US Index Market; is nice to see this kind of drop. Over 30 points on ES E-mini. It is the correction everyone was waiting for? Is look like. At least is a great start. Right now, we are in a small consolidation. And probably will go "UP" for few points. To be more precise, 1510.25 are the price I'm looking to go back at first. Is also a resistance for Buyers. But we may pass this price and go till 1514.75 , If ever buyers pass this price too, they should not support 1514.75. Also, Notice, we break the small Bullish Channel.

[...]

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Day Trading System

Day Trading System for all market. Day trading is easy once you master your system.

On following Images/words you will see when I made my call, what I say, and what happen. This is results of MoneyMakerEdge System. [caption id="attachment_6184" align="alignleft" width="150"] Silver chart[/caption]   Silver Chart: Call only for Short for next 5 business Day. target Filled 3/3 About my 2nd targets I mention this :<<I have one tricky target, is one good support for buyers and depend how long it will take to go to this support, it will depend also on the price to sell my 2nd target. Looking for  a small consolidation there.>> Not far from true,right?     [caption id="attachment_6183" align="alignright" width="150"] sp500[/caption] [...]

day trading course