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A description of pivots based on the Camarilla equation can be obtained by searching via google or your favorite search engine so I won't provide that here.
This indicator displays the pivots based on a calculation of the yesterday's High, Low, and …
This morning this is looking very interesting, we have two levels to watch...
101.35 & 101.82
The price will test this two levels watch for any test on low volume, to look for that smart money trap the heard!...price could take a dip low and then try to trap as many as possible to recover back up...
After some days out, price is marking the market, amazing how the market reacts and how the big boys enter the market to capitalize on this moves,
I made only one trade today since i do not have much time now, but the market shows plenty of opportunities, i just want to point the importance of reading the volume, i have attached an image explaining my self how this works.-
It is good to be trading again, it seems that this will be a very challenging week for the markets and economy overall, I just closed my third trade of the day. the first was a bad timing trade, i was expecting the market to rise on the level but ther was no strenght to support the move, so i closed it with -$200.00
Second trade was positive for 2 ticks only..since i saw weakness coming in,
But the third trade i think it had everything needed to be a good trade, i was missing the volume the first two times,
this one the market gave a very good spike on volume telling me some fat guys could be buying there, the Wave Volume was chaging from negative to positive, so I got in, ending with a 30 tick trade,$600.00 on profit, 2 Contracts, minus $200 on the previous trade, i finished my trading day with $400.00...
I made my trade of the day, I was expecting to see some above average volume to position my self in a trade,
the market is poised to test lows, so I used my levels price went to test 101.85 and right at this point, an accumulation of above average volume appeared so I knew this was my point of entry, it was a clean trade, my target i decided to place it at the previous high so the chances to get this price was 50% and it touched it.
Gold is under pressure, and looking to head upwards!!..1222.4 key level
Here is the chart
Hello,
Iīm back on my regular trading after some time away..
Today we have crude oil inventories news, the market looks slow now, there is not much to tell for the moment...price is into a zone, and iīm looking for my favourite setup, lightning down or up!.