


TradeTheIndex
EssentialHey traders so today checking out USD/CAD Forex Pair this is looking bullish on the charts. For those new to trading forex USD/CAD it moves opposite the actual currency meaning if Canadian Dollar is strong this pair will fall. If Canadian Dollar is weak this pair will rise. So there is normally a Seasonal Pattern where the Canadian Dollar weakens in the fall...
Hey traders so today looking at Nasdaq 100 looking like it's trying to form a top. More importantly a Head & Shoulders Top. For those new to trading and understanding technical analysis I highly recommend you learn chart formations like Head & Shoulders. Technical Analysis is a little bit like art what one trader sees not all other traders will see. However if...
Hey Traders so Bitcoin wow what a move down in only 3 days! Well thats why I always say these markets can change in the blink of an eye. Never trust a trade only trust your trade plan to get in and get out with a profit! Ok so well what do we have here? So I think last week I might have said if this thing can't hold 112,000 we could be heading lower. But I...
Hey Traders so today looking at Euro still bearish on the charts. That 123 top formation is still there so imo it must be respected. Of course the FED can change the market in the blink of an eye so always have a defense plan of action. However I think if we look close there is a strong bearish momentum building. First the 123 top formation on the daily...
Hey Traders another week in the life of trading. This game can be rewarding and tough at times. So back to the crypto world we have Bitcoin going nowhere at the moment. But Showing signs of Strength by Rejecting Support 3 times! This is why I always say you don't need to use indictators because price action (daily open and close) shows you everything! Ok Im not...
Hey Traders so today looking again at Bitcoin still showing bullish on the charts. However that reversal and selloff at the all time high 123,362 is concerning. Overall though the charts still look bullish with strong support at 112,000. Will it hold again? Maybe or maybe not. 😁 But the risk reward ratio still looks good so I say a bull is a bull until the...
Hey Traders so back into trading the market a new week brings new opportunities. 😁 WOW so look at these stocks go! I must say it's nice to plan a trade and see everything come together according to plan. That support level was truly right on the money. Very rare can we say (X marks the spot). But in this trade that is exactly what happened! Sometimes we get it...
Hey Traders so today looking at EUR/USD just last week it had looked like it was topping with the 123 top formation on the daily chart. However always keep in mind that technical analysis works but only when fundamentals line up with it. Therefore if something Fundamentally changes that is big it will completely alter the technical setup. For those new to...
Hey Traders so Bitcoin still in uptrend from what I see today. Of course you never know for sure if support it going to hold but it had looked like it might at that 112,000 level. For those new to trading think of support and resistance as supply and demand when market is overbought to much supply market pulls back when it hits a ceiling. If market oversold...
Hey Traders so today looking again at the Nasdaq 100 looks like we got a bounce right off the level of support that I thought it could hold 22,806. Why that level? I trade off the daily charts so every candle is one day and I believe that price action is everything in these markets it's all about support and resistance. The market tried 9 days to test that level...
Hey Traders so today looking at the US Dollar and as of today there is now a 123 bottom on the charts that has been confirmed by breaking above the 2 point. Sees like fundamentally the US Dollar has now become bullish so with this breakout now confirmed does this mean we are in the beginning of Bull Market for the USD? Well no one knows for sure but without any...
Hey Traders so today in part 3 final video will explain how to use this data for trend following and as contrarian style. Enjoy! Hope This Helps Your Trading 😃 Clifford
Hey traders so looking at the EUR/USD today and wow what a difference a day makes! Just the other day I was Bullish this pair and was reccommending buying on pullback. All of sudden in the blink of an eye market completely flips over on a dime due to tariffs. Thats life in the big city of trading. 😁 If you are new to trading remember this you can't ever lose by...
Hey Traders so today was looking at the Nasdaq 100 and it seems like it's approaching overbought territory at all time highs. Of course no one knows what earnings season will bring and seasonally historically August is normally a good month for stocks. So if we look at previous rallies market seems to correct eventually 3% or 4%. I think that is actually healthy...
Hey Traders so looking at Crude Oil today still showing signs of strength. I think it's still bullish because Dollar is still showing weakening signs at the moment. Plus a few daily closes above $68. Also we are still in Summer which is normally a Seasonally Bullish time for Crude and energies. Not to mention still lots of uncertainty as always. 🙄 So I say if...
Hey Traders so looking at the EUR/USD still looking bullish if you took the buy zone at 1.571 consider moving stop now to Break Even. IMO taking the risk out of a trade is the first step before locking in a profit. So now we approach July high at 1.833. I always say markets can do 3 things as they approach significant support or resistance. 1. ...
Hey Traders so today looking at the US Dollar Index or DX Market we can see that it has been in a solid downtrend since March. This is why alot of commodities and currencies have been getting stronger against it. This is why I feel you don't need indicators to trade because price action shows you almost everything you need to be successful. A simple trendline...
Hey Traders so today looking at Bitcoin showing a strong Uptrend since April this year. Now showing more bullish momentum after a break above the narrow sideways channel at 112,000. Breakouts normally get retested. Also the best place to buy imo is right at the trend line. The way I like to trade it is don't chase the market let it come to you. It takes patience...