S&P 500 day trading course
GBP/USD Day Trading Using Futures Contract 6B
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.
Natural Gas Day Trading Update, using Futures NG 05-13
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
GBPUSD Day Trading Direction & Targets on 6B 1440min
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.