Gold Short Setup

As everyone knows I have been watching gold very closely since the recent breakout. And planning on my upside objectives to be reached. I like the short side here 1st objective 1584.70 2nd 1520.00. tight stops here.

Something to keep in mind

http://chart.ly/ggta36p

$DX_F Key Reference area looking for a boucne

Dollar here, trendline breaking seeking a test of downside kra. looking for a bounce into this zone. Tab for clues on your gold plays

Gold Inside Day Waiting on Objectives

$ES_F Globex overnight resistence 1325.75 Zone trades

Goldman Moving Into Key Zone

Goldman Bouncing literally right into the beginning of my zone. Zone started $125.60, $125.50 low. My levels Work, I feel like i'm In $GS all the time. If you recall I was short Goldman from $138 anticipating a target of $122.

Waiting for $GC_F to Give us a Signal

Gold here is giving us (2) trade entry's after the breakout. If the first entry (smaller time frame) fails to hold key reference area anticipate the Daily chart to setup only if the objective #1 is met to the upside. If objective #2 comes into play I will short into this level (note: how smaller time frame objective #2 stopped gold in it's tracks). I'm getting this out now because of the big moves that have been happening, objectives could be hit within the next session or two. Good Trading KraTrader

$6E_F Short Setup Kra is Active 1.4119

Keeping it short a sweet here. This is a $6E_F short setup watching the first attempt at the black kra level for potential weakness (1st resistance), then a ultimate test of the Sweet spot key reference area of 1.4119. Note: The zone also, if it trades inside this level short is hit.

A Change of Heart (CME Long Setup)

I had a change of heart on the CME short position I have been in from 298.30, I just closed my position a few minutes ago for +8 and for good reason. Reason 1) Today's price action is showing some bullish sentiment with the outside day that has formed. The important thing to note here is the downtrend line (the little pink) its coming in at $290.00 on the daily, IMO this is important and as of right now its trading about it. If we can sustain this pattern into the close I can see some major upside in this one the next following sessions into next week. As you can see (trying to close above minor trend line and outside day there is a nice Inverted Head and Shoulders pattern here forming with a nice upside objective (2 of them). Another Reason why I changed my bias is because of how well it held its measure move and to me that's important (held to within .50 cents = tagged in my books $300 stock were talking here). Note the picture of the $ES_F below this verbiage, see its measure move and it held nicely (measured move coming in at 1352). If we can get some momo in this one, and I think we will, I'm looking for a 20-30 point trade here. Really it all depends on today's close I'm long CME from $290.85 anticipating this close above the minor trend line, to play it safe you could wait and make sure on the close above. I hope you find this post helpful and understand my reasoning behind flipping my positions. Good Trading KraTrader.

What was Resistence = Support ($GC_F)

Note how The major Key Reference Area never changed and should act as support on a pullback to enter the initiative breakout.

CME Setup Entry, How to Enter a Trend Trade

I decided to post this cause its a great example of how to enter a trade from a trend that is establishing. When I'm scanning for stock setups, or any currency futures, es or anything like that I use this technique to enter the trend ONLY if have missed my KRA trigger upside, but as you can see my upside Key Reference Area triggered short @ 298.30 and I am short at that level with a objective of 278. But if I have missed this initial upside short level, I would be looking to enter at 291.10 with a stop above the most recent swing high of 293.37. This is a great Risk/Reward trade setup 13.1 to 2.27 or basically 5 to 1 risk. These are the type of appropriate risk to reward setups that must be taken to be successful. One thing to note here is this previous pivot swing high of 293.37 is critical 1.) for the people entering the trend from the 291.10 area, but 2.) for me who entered at 298.30 if this level is taken out I will be stopped out with a +5 trade cause more than likely if its taken out, its headed back up to 298 for a retest or exceed of my key reference area, and I'm not going to take that change. If you want to see a larger zoomed out picture of cme chart before the mark up click on the positions tab on the home page. I hope this post was helpful, Good Trading Kratrader.

Responsive Trade Results (Was spot on) $ES_F

This is a Classic Trade Setup of mine that worked like a champ. Awesome trade to the followers who took this. This is as easy as it gets people, this was a 10 to 1 risk reward trade. I even mentioned the E-pivot also which it touched to the tick. I tweeted this setup and posted it on the site as well.

Responsive Trade Setting up $ES_F

Kratrader : (broken record) Our job as traders is to find responsive trade setups that can produce initiative opportunities with appropriate Risk to Reward

Terminology:Responsive Selling: Selling activity above the Value Area. In this case, price is viewed as too far out of value (too expensive), and sellers enter the market and push price back down towards Value.

Head fake from the Dollar, Gold Still holding KRA

Here's the 30 minute on Gold. Beginning stages of acceptance and the highs and lows here are very important remember take trades off of smaller levels that can produce larger degree of trades from other time frames.

If your a Gold Trader or even an investor its critical that you correlate the dollar and gold and watch them very closely. They both are at extreme levels, and there is going to be a serious move in the works here. You can see the price action in both of these are right at my levels and they have been acting as great resistance. If the dollar can close above my key reference area that's all we should need to be swing short gold, as you can see when the dollar push through it the first time we saw an immediate reaction in gold prices. So these levels are valid and have been valid for months, locked and loaded here. Good Trading Kratrader.

Dollar this is like clockwork watch my levels (test #4)

This is the 4th test on the dollar and my upside level continue to holds. This is very important to watch this, because there is going to be a trade off of gold on a breakout here.

$6E_F Moving into Key Reference Area

Its important to pay attention when this enters the zone. As you can see last time it bounced and produced a excellent swing trade.

E-Mini SP500 Futures Head and Shoulders

I believe this is the Beginning of a Nasty move and I have been talking about for months, I seen this coming see video http://chart.ly/ggta36p Notice the small and H&S inside of the larger one that's forming. I have been watching this 1352 level for quit awhile as you can see its the measured move of the larger pattern. I got some emails on why to short the 1352 area and this is exactly why (yes i know there was fundamental data behind this move also, but getting in at technical areas and getting some fundamental data to kick in is ideal). Being a proactive trader is the only way to make money in this game reactive traders are left behind on a moves like this. Note: this is no after the fact either I'm posting this for educational purposes/examples, scroll through my twitter account I mentioned the 1352 level several times before it traded. Also one interesting point was the media and retail traders missed this entire move and they were buying the highs and now there stops are getting hit. This happens all the time! I'm posting this to show the importance of being aware of every scenario. Good Trading Kratrader.

Gold short setup 1554.40 Key Reference Area Trades

Nice reversal bar currently forming here on the daily. My resistance level here held up firmly and am expecting a rotational move lower the following session.

I have been getting several email about the structure of the gold daily chart. I have been actually talking about this gold setup for about 2 weeks now so here it is. As you can see the upside key reference are on gold was respected, no these levels were not played with, that have been the same!. First of all this is a great example of my methodology of trading. Shorting when gold entered the top of my zone was the ideal trade setup but to be completely honest I missed that trade and was not to happy about it, but it happens, I'm trying to cover so many markets its hard for me to monitor every hour whats going on. The reasoning for this being a great swing short was the fact that 1) I have been watching the dollar 2) the structure was was forming here at the highs. 3) if you did take a stab at the highs its a fantastic risk to reward trade (and that's what trading is all about maximizing your gains and minimizing your risk. if you shorted the beginning or the zone your stop would be above the highs of the most recent move, and objective#1 would be 1395 which it did hit and had a small bounce, and objective #2 would be the 1466 level I think we will see some reaction there / short covering. But ultimately I believe 1381 is i the cards here. If in the following sessions I start to see gold setup for an entry I will get short with a target of 1381. We had a short setup exactly like this one overnight on the ES, I shorted the 1317.00 level with a stop at 1317.75 and I lost 3 ticks on the trade big deal, but more importantly I had a 10 point objective for this setup. And if you managed the trade properly you should of had a small win or scratch trade cause the 1317.50 level was respected and did pull back 3-4 handles. All in all when I see this type of development what were looking for is responsive trade setups inside of larger balance to attempt to catch an initiative move, and that's exactly what is starting to happen here IMO you have to take this trade every-time. I hope that clears up the e mailers and my methodology. Good Trading Kratrader

CME Key Reference Area Upside (short setup)

This was a great move that I took off lower downside key reference area of 266, and I locked in this trade at 285. At 298.30 I will begin scaling into a short position here. This is setting up to be a good example of a zone to zone trade / my levels being respected.

6E 1.4585 Upside Level About To Come Into Play

Here is a euro dollar setup im taking here, im short first position scale at 1.4485 and if i start to see weakness might add at 1.4500. with a stop above point 2. This is a good risk reward setup but (note: this thing is on a tear and i thinkn we gunning for upside level of interest 1.4585). Im liking what im seeing here and there are some nice upside (1.4585 and if it trades will be a swing short) and downside key reference areas that have developed that i wll be posting as well here soon. USE STOPS Kratrader