EU Monthly. In a significantly 'supported area" Will need an event of some magnitude to punch lower

Mr. Scott's Crayon Thread

$SPTRD (confluent with similar formation in $UJ) Bearish divergence setting up with broadening "topping" pattern. Prepare to buy the dip on the 500 image

Mr. Scott's Crayon Thread

Good day Gents. UC Daily view. Note a high confluence area (on chart). Any other thoughts? Ch1 image Ch2 image Trade safe

Mr. Scott's Crayon Thread

$LCO 4H ? Bullish PA, will see in 2 hours.... Support (minor) possible target at R Range trade... image Waiting... Trade safe

Trading Crude Oil with price action + indicator

$USDJPY Daily view Technical structure formed Low probability bullish breakout: 51% probability. Break of resistance at 118.611 calls for upside to a measured target of 121.08. Price trades with momentum to the upside, confluent with the established ...

USD/JPY Discussion

Cable Weekly If it sticks to the script... something like this. IF image

Cable Update (GBPUSD)

$DX Daily Index view The dollar looks like it's rocking.... if it clears the 10243... should make a new high. I wouldn't long cable for a bit.... remember my weekly back a bit.... It's got room on the downside, trend holding. image Trade safe

Cable Update (GBPUSD)

GU Weekly .... image G/L

Cable Update (GBPUSD)

Good day Scott Dragon - Weekly BF & Target assuming R fails @148.25 <- Major level going back over some years PS Target is confluent with 61,80 of retracement target @ 167.87 stop 139,90 long positions above 148,25. image Happy New Year etc etc... ...

Mr. Scott's Crayon Thread

Brent Crude Oil Weekly view The bulls go up the stairs and the Bears go out the windows.... Bears? You guys done yet? In the medium term, BC remains in the uptrend initiated Jan 16. Importantly price remains trading above 52.60 and 55 prior ...

Trading Crude Oil with price action + indicator

Brent Crude Daily view (Excuse the messy chart) Note price vs RSI / MACD shows divergence (-ve) MACD signals short and momentum indicators are bearish Trend remains above the 200 and 50 SMA, new highs, and higher lows persist in the swings, trend is ...

Trading Crude Oil with price action + indicator

#EpicFail

XAU/USD & XAG/USD - Gold & Silver Traders Thread

image

XAU/USD & XAG/USD - Gold & Silver Traders Thread

4H pattern Brent Cup and Handle appears valid. trade safe

Trading Crude Oil with price action + indicator

Intraday players on the long side..... might be the low of the session.... lets see

Trading Crude Oil with price action + indicator

I see a couple of guys want to learn to trade. A commodity isn't the greatest place to trade live if you are still learning, you can blow an account in seconds on the wrong side of these trades. Maybe do some refresher work for T/A at url ...

Trading Crude Oil with price action + indicator

just consolidating sideways on declining volume, I've got a tentative long pending above the consolidation and an alert at 54,90 on crude (Since this is like watching paint dry, I'm off, will check back later in the US session.)

Trading Crude Oil with price action + indicator

Your stop, depends on: Your position size Your entry and exit rules The direction you're trading in Where you think support or resistance is The % of your account you want to place at risk. Where your target is ...and how you calculated your risk ...

Trading Crude Oil with price action + indicator

Just explain your levels a bit please.

Trading Crude Oil with price action + indicator

Of the two entry points, there are supporting candles on the upper area and the channel breakout seems to be confirming. I'll look for longs at this point. image Some thoughts from Goldman: url Trade safe

Trading Crude Oil with price action + indicator