Perfect Market Structure, DXY on FIRE
ที่อัปเดต:
Hey traders long time no talk! :) As promised, here is another great market opportunity to look at. For those of you who don't know 
DXY otherwise known as the U.S Dollar currency index, Is a valuation relative to a basket of other foreign currencies. So in other words anything that happens on this index represents the current US dollar strength. This is why it's so important to analyze this index first prior to looking at other pairs. Since 95% of market transactions are done with a US dollar.
Dollar Rises = Stocks Decline (pull back)
Dollar Rises or Drops = Gold doing the opposite move
Dollar Rises = Forex Major pairs to go in the Favor of US dollar
So lets get straight to the fun stuff!!
Per usual,
Before entering a trade three types of analysis should be performed.
Fundamental Analysis = The study of financial statements and economic news. (Overall Trend)
Technical Analysis = The study of chart history. (Entry & Exit Strategies)
Sentimental Analysis = The study of the markets current psychology and traders psychology.(Instinct)
After performing the three analysis below are my results:
DXY
Fundamental Analysis = LONG-TERM (BUYING) - USD stimulus inflation support
Technical Analysis = SHORT-TERM (BUYING)
Sentimental Analysis = USD confidence on a Rise.
To better explain:
This means that right now momentum is headed upwards technically and the overall trend is up fundamentally as well.
So since we know the overall trend is upwards but we are currently headed upwards it creates the perfect timing to use our Fibonacci Retracement tool. A tool that is used to find important entry and exit levels in a trending market. Which is traditionally applied to the low & high of the most recent trend trend. I caught my original trade 2 days ago at a sniper entry of 91.73. An now since we have confirmed a breakout of the ranging environment to a trending environment I figured why not help a lot of you out with some ideal market entries. Instead of chasing a trade from these high levels I will get you guys new ones to watch for pullbacks into buy opportunities upwards.Here were my results:
As you can see in the chart above we have already retraced with a spike below the optimal 78.6% level at $91.33. In which I then entered Long at confirmation of 91.73 Markets are still showing upwards momentum that is headed towards our fib extension levels where I will be taking some profits off the table in the marked zones. Depending on resistance break thru & market momentum when we arrive in the ranges is what determines me from fully taking profits or a large percent.
PRO Trade Tip: Resistance Levels tend to get broken thru during uptrends and then price typically retest the resistance as a support before continuing higher.
MY SUGGESTION:
Place LONG orders totaling anywhere from 1-5% of your total trading capital on each retracement level below:
Swing TRADE Entries:
23.6% = $92.45 (BUY)
38.2% = $92.30 (BUY)
50.0% = $92.19 (Great trade opportunity) (BUY)
61.8% = $92.08 (What I consider the PERFECT IDEAL TRADE) (BUY)
78.6% = $91.91 (ABSOLUTE BARGAIN!!) (BUY)
Scalp TRADE Entries:
23.6% = $92.61 (BUY)
38.2% = $92.57 (BUY)
50.0% = $92.54 (Great trade opportunity) (BUY)
61.8% = $92.51 (What I consider the PERFECT IDEAL TRADE) (BUY)
78.6% = $92.47 (ABSOLUTE BARGAIN!!) (BUY)
PRO Trader TIP: Tighter stop loss & strict management should be applied on scalps. Take what it gives you.
Take profit zone 3: $94.30 at the previous ATH . (All Time High) Be patient and trust the process. This monster of a stock will most definitely return to break more records in the upcoming months when the continuation wave arrives and aligns with the fundamentals. Remember if you follow this you will get ideal high probability forex trade set ups on other US Major pairs. Buy USD on other forex pairs when we arrive to our entry levels in this pair.
If you enjoy these quick signals/tips make sure to FOLLOW ME & show support by leaving a LIKE!!
DXY otherwise known as the U.S Dollar currency index, Is a valuation relative to a basket of other foreign currencies. So in other words anything that happens on this index represents the current US dollar strength. This is why it's so important to analyze this index first prior to looking at other pairs. Since 95% of market transactions are done with a US dollar.Dollar Rises = Stocks Decline (pull back)
Dollar Rises or Drops = Gold doing the opposite move
Dollar Rises = Forex Major pairs to go in the Favor of US dollar
So lets get straight to the fun stuff!!
Per usual,
Before entering a trade three types of analysis should be performed.
Fundamental Analysis = The study of financial statements and economic news. (Overall Trend)
Technical Analysis = The study of chart history. (Entry & Exit Strategies)
Sentimental Analysis = The study of the markets current psychology and traders psychology.(Instinct)
After performing the three analysis below are my results:
DXYFundamental Analysis = LONG-TERM (BUYING) - USD stimulus inflation support
Technical Analysis = SHORT-TERM (BUYING)
Sentimental Analysis = USD confidence on a Rise.
To better explain:
This means that right now momentum is headed upwards technically and the overall trend is up fundamentally as well.
So since we know the overall trend is upwards but we are currently headed upwards it creates the perfect timing to use our Fibonacci Retracement tool. A tool that is used to find important entry and exit levels in a trending market. Which is traditionally applied to the low & high of the most recent trend trend. I caught my original trade 2 days ago at a sniper entry of 91.73. An now since we have confirmed a breakout of the ranging environment to a trending environment I figured why not help a lot of you out with some ideal market entries. Instead of chasing a trade from these high levels I will get you guys new ones to watch for pullbacks into buy opportunities upwards.Here were my results:
As you can see in the chart above we have already retraced with a spike below the optimal 78.6% level at $91.33. In which I then entered Long at confirmation of 91.73 Markets are still showing upwards momentum that is headed towards our fib extension levels where I will be taking some profits off the table in the marked zones. Depending on resistance break thru & market momentum when we arrive in the ranges is what determines me from fully taking profits or a large percent.
PRO Trade Tip: Resistance Levels tend to get broken thru during uptrends and then price typically retest the resistance as a support before continuing higher.
MY SUGGESTION:
Place LONG orders totaling anywhere from 1-5% of your total trading capital on each retracement level below:
Swing TRADE Entries:
23.6% = $92.45 (BUY)
38.2% = $92.30 (BUY)
50.0% = $92.19 (Great trade opportunity) (BUY)
61.8% = $92.08 (What I consider the PERFECT IDEAL TRADE) (BUY)
78.6% = $91.91 (ABSOLUTE BARGAIN!!) (BUY)
Scalp TRADE Entries:
23.6% = $92.61 (BUY)
38.2% = $92.57 (BUY)
50.0% = $92.54 (Great trade opportunity) (BUY)
61.8% = $92.51 (What I consider the PERFECT IDEAL TRADE) (BUY)
78.6% = $92.47 (ABSOLUTE BARGAIN!!) (BUY)
PRO Trader TIP: Tighter stop loss & strict management should be applied on scalps. Take what it gives you.
Take profit zone 3: $94.30 at the previous ATH . (All Time High) Be patient and trust the process. This monster of a stock will most definitely return to break more records in the upcoming months when the continuation wave arrives and aligns with the fundamentals. Remember if you follow this you will get ideal high probability forex trade set ups on other US Major pairs. Buy USD on other forex pairs when we arrive to our entry levels in this pair.
If you enjoy these quick signals/tips make sure to FOLLOW ME & show support by leaving a LIKE!!
การซื้อขายยังคงดำเนินอยู่
All stop losses should be adjusted to 92.69. Depending which LONG entries you guys entered from the trades I gave out most of you should be anywhere from 6%-13% in profits. Please adjust your SL accordingly to your entries and at minimum secure yourselves 3-5% profits and allow the rest to run if you would like.การซื้อขายยังคงดำเนินอยู่
Secure another 3% or more across all pairs during this pull back. Lets keep it going everyone. Remember it breaks resistance than returns to test it than it slowly continues trickling upward to profit target zones. Everyone should have at least closed 50-80% of their positions in profits and allow the rest to run. This should be done across all the FOREX USD major pairs in which you're trading in correlation to DXY in order to achieve risk FREE trades.บันทึกช่วยจำ
Tighten stop loss now to 93.185. If chart hits stop loss in profit congrats to all for the massive gain. We will then look for pull backs with new entries on a new analysis. If SL doesn't hit that chart continues higher or ranges out before heading higher.การซื้อขายยังคงดำเนินอยู่
Take profit zone # 2 looking very promising, trade still running strong. Keep managing our risk free trades at your own discretion.บันทึกช่วยจำ
Currently monitoring 30min candle that is large wicked. Wick is on the downside, possible signs of a reversal, if following candle decides to fill the area. I will keep monitoring this to confirm first before adjusting stop loss or fully closing positions and looking for re entries.ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน
SL should have hit and many of you should have secured 3-5% in profits, if SL was adjusted like told to in prior updates. Will be dropping an update on this soon.บันทึกช่วยจำ
All the TAKE PROFITS HIT - 4-6 months later
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