ryanweier

06:38

ryanweier

Price has just been bouncing around all day after NFP. No real direction just bouncing back and forth between 32900 and 33100 I think the bearish momentum is still definitely intact. Will continue to be looking for shorts starting off this new week. Enjoy your weekend and see you pre NY session on Monday!

04:44

ryanweier

NFP DAY!!! Since my last post, price has literally just moved sideways. Currently there is very little volume in anticipation of NFP @ 8:30AM EST I don't currently see an entry but I am looking for price to pull back into the 33200-33400 range and exhibit signs of exhaustion/reversal. At that point I will consider and entry but it looks like that is atleast a...

11:24

ryanweier Updated 

Happy Cinco de Mayo! Daddy J. Powell sent the market soaring 1000 points with his bullish remarks despite runaway inflation and economic contraction last month. I think the bullish bias from larger timeframes may still be intact. We will see where the market goes over the next few hours. May stay out today we'll see.

05:53

ryanweier

THE BEARS ARE BACK IN TOWN. After the push up yesterday following Daddy J. Powell's comments, the market (shocker) has corrected itself and continued with the overall bearish directional bias. IMO the comments made yesterday about the "strength" of our current economic and labor situation were simply a distraction from the fact that they announced the largest...

05:16

ryanweier

Well that was a doozy! As anticipated, news threw all technicals out the window and pushed price up over 1000 points in 2 hours at the time of this writing. With this new push up we will see where price goes during Asian and London session but it price forms a support at this new 34000 area then potentially we may be looking at a further push up to retest...

07:20

ryanweier

FOMC Day today Major US economic news including probable interest rate announcement. With that in mind, price hovered sideways during Asian session and early London session. Has now pulled back into the zone of approximately 33200 - 33425 Despite news, I'm still targeting a sell order in this zone once price shows signs of exhaustion or a reversal...

05:44

ryanweier

Price today pushed down to around 33000 and kind of just hovered between there and 33300 Ranging market full of indecision pending tomorrow's FOMC Meeting. Keep an eye on the news for interest rate decision and other news that can send this moving. I anticipate price will continue in this range of 33000 - 33300 throughout Asian session and early London session...

06:23

ryanweier

US30 - PRE NY SESSION ANALYSIS - 05032022 Definitely looking bearish still. Looking for a retrace in price with signs of exhaustion on the M5, M15, M30, or even H1 to get into a sell on the continuation of the downward momentum with a stop above previous structure. Happy Trading!

07:31

ryanweier

Overall bias coming into the first trading day of the month is still definitely bearish. I'm looking for price to retrace a bit before getting in on a sell order. Patiently waiting for signs of exhaustion/reversal near previous structure highs on the lower TFs along with confluence around the 38.2 fib level drawn out which falls in a supply/demand zone. Happy...

16:09

ryanweier

What an end to the month :/ After my last post, price floated sideways for a couple hours then right after market open at 9:30AM EST price shot up and stopped me out @ 33875 then shot back down to my TP of 33400 and continued pushing down all the way to my previous TPs earlier in the week of 33200 and 32950 I have to say I'm a bit salty about this but I'm just...

08:43

ryanweier

Price pushed back up to approximately 34000 during Asian session and kinda floated sideways during early London session. There was some nice exhaustion that formed around 2-3 AM which would have potentially made a good entry point but I wasn't awake for that :/ Price now appears to be pushing down retesting recent support of approximately 33800 As of now I'm...

11:20

ryanweier

Interesting movements today. Price dropped from my entry of 33650 to about 32250 Did not reach my target of 33200 for a 1:4 risk to reward but I was trailing my stop along the way so I secured profits at 33400 when price started to retrace. Had it not been for trailing my stop I would have gotten stopped out as after price entered that zone in the 33200s it...

06:33

ryanweier

As anticipated, price pushed back up during Asian and early London session to approximately the 33650 level which appears to be a strong resistance area and the previous structure from the past couple of days. Price now appears to be reversing and continuing in the overall direction of the bias on larger timeframes which is still definitely bearish in my...

08:13

ryanweier

Not too shabby :) Price moved exactly as I predicted, dropping down to 33200 before getting pushed back up. Then it bounced up and down between approximately 33600 and 33200 for the rest of the session. On the daily we closed weak so I expect price to push back up from it's current level around 33400 retesting the previous highs of the last couple days before...

05:25

ryanweier

After yesterday's drop, price has pulled back to approximately 33600 Showing signs of exhaustion on M5, M15, M30, and H1 This is all occurring between the 38.2 - 50 FIB Levels combined with close proximity to a daily support/resistance level of 33579 I am going to be entering a sell order around 33625 with 100 point stop and targets of 33200, 32925, and 32593

02:40

ryanweier

Well that sucks :( Price didn't come up to the roughly 34200 level that in which I would have been looking for an entry signal. Instead price continued to drop after the last video I posted this morning around 6AM EST. Price did go all the way to my projected target of the previous lowest low formed yesterday. Will keep an eye out for the next potential...

18:30

ryanweier

Price is pulling back to the 34000 area however I'm looking for an entry around 34200 roughly I'm monitoring price to see if it will hit that area and form some sort of exhaustion and/or reversal pattern.

11:01

ryanweier

US30 Bias After a nice drop at the end of last week, US30 is looking bearish in my opinion. On the weekly and monthly timeframes it has broken below the support area that it has respected for the last few months. On the lower timeframes we see a strong downtrend which has not yet pulled back to the 38.2 fib level or beyond. I am anticipating for price to pull...