Here are the levels I am looking at for today’s session.
Time constraint, I will start with FESX for now, and with limited description.
Charts prepared using Sierra Chart.
Here are the levels I am looking at for today’s session.
Time constraint, I will start with FESX for now, and with limited description.
Charts prepared using Sierra Chart.
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(Update 11/30: Code has been extended to work through December 2nd).
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Yesterday, I tweeted about $AUDUSD ‘s structure prepare. Here is the updated chart. I expected market to fill the single prints between 7074 and 7143.
$AUDUSD looking at the potential of repairing the structure between 7074/7143
— Gavin (@tradergav) Nov. 16 at 11:13 AM
Updated chart
Looking ahead, here are some zones I am watching to do business.
RTH opened with a false break of yesterday’s high (4727.5 vs 4729.5), and auctioned past yesterday’s point of control and to the lower balance zone (HVN). This is contextual review, which is very important practice (at least for myself) to identify trade location. Actually entries relied on the skill of volume and order flow analysis, that’s a whole different story.
NQ Futures broke out from bracket on Monday. It retested the previous daily swing high 4676.5 and rejected at the Monday’s VPOC today gave me a hint that the breakout was for real (at least for day trading purposes), and market was trying to discover higher price levels.
It has been a long time since my last blog post. I have been trading. I thought I will write a quick review of FESX (DJ Euro STOXX 50 futures) since it is one of the product I frequently trade, and observe some interesting development now.
We are in a 7-day bracket (i.e Price rotates up & down without clear directional conviction.), and yesterday (Monday) we had a false break at the bracket low and previous swing low at 3375, and immediately, we saw short covering which brought the market back to bracket high. The day ended with a short covering profile (P-shaped profile).
This is a going to be an eventful week with ECB president speaks, AUD, GBP interest rate decisions and Non Farm Payroll at the end of the week. It will be interesting to see if we can finally breaking from this box.