Context & Disclaimer
**This recording is a personal trading journal for self-reflection and review, not trading or investment advice**
Action Items
- Update chart alerts on DXY
- Review markets later and assess potential long-dollar pair trades for next week
Trade Exit Rationale
- Exited Gold and USD trades early to secure profits (price continued pushing after exit)
- Caution driven by a potential bullish signal forming on DXY — not willing to hold through uncertain market conditions
- Philosophy: when rules break or conditions become unclear, take profits and wait for a clean re-entry setup
DXY Technical Analysis (4H + 1H)
- 4H: ambiguous swing high — could be a valid swing high or part of the broader move down
- 1H: confirmed swing high, with candle body closing above the swing level = bullish (buyers stepping in)
- For the downtrend to resume: break back below that swing level → pull back → continuation lower (waiting for this sequence before re-entering short)
- Current expectation: likely a higher low forms, followed by a push back up toward the prior swing level (correction)
- Correction may arrive next week; DXY could also simply break down and continue — monitoring both scenarios
Black vs. Green Swing Level System
- Black swings: areas with clear buyers/sellers price has not yet returned to or broken through (untested)
- Green swings: formerly black levels price has since touched or broken past (still relevant, but “used”)
- Example: black daily swing level broke, then respected on the retest (classic break-and-retest / Z-formation)
- Once price crosses + retests, that black level gets updated to green in the template
Body vs. Wick Methodology
- Wicks: show price had difficulty getting filled at a level (less reliable reference)
- Bodies: show price was filled easily (primary reference for key levels)
- On daily swing markups, I use bodies (not wicks) to identify where strong buying/selling actually occurred
- A candle with no back wick at a key support level signals strong buying conviction
DXY as Market Compass + Forward Outlook
- DXY (“Dixie”) is my directional compass across markets (not 1:1 correlation, but a reliable guide)
- When USD gains strength (DXY rising), expect downward pressure on: XAU/USD, AUD/USD, EUR/USD, BTC/USD
- A 1H higher high followed by an anticipated higher low would confirm a bullish DXY shift
- As long as price does not produce bodies below the key area, the higher-low scenario remains valid
- Shout-out: Professor Ward, Lamar, and OTA
**This recording is a personal trading journal for self-reflection and review, not trading or investment advice**
Action Items
- Update chart alerts on DXY
- Review markets later and assess potential long-dollar pair trades for next week
Trade Exit Rationale
- Exited Gold and USD trades early to secure profits (price continued pushing after exit)
- Caution driven by a potential bullish signal forming on DXY — not willing to hold through uncertain market conditions
- Philosophy: when rules break or conditions become unclear, take profits and wait for a clean re-entry setup
DXY Technical Analysis (4H + 1H)
- 4H: ambiguous swing high — could be a valid swing high or part of the broader move down
- 1H: confirmed swing high, with candle body closing above the swing level = bullish (buyers stepping in)
- For the downtrend to resume: break back below that swing level → pull back → continuation lower (waiting for this sequence before re-entering short)
- Current expectation: likely a higher low forms, followed by a push back up toward the prior swing level (correction)
- Correction may arrive next week; DXY could also simply break down and continue — monitoring both scenarios
Black vs. Green Swing Level System
- Black swings: areas with clear buyers/sellers price has not yet returned to or broken through (untested)
- Green swings: formerly black levels price has since touched or broken past (still relevant, but “used”)
- Example: black daily swing level broke, then respected on the retest (classic break-and-retest / Z-formation)
- Once price crosses + retests, that black level gets updated to green in the template
Body vs. Wick Methodology
- Wicks: show price had difficulty getting filled at a level (less reliable reference)
- Bodies: show price was filled easily (primary reference for key levels)
- On daily swing markups, I use bodies (not wicks) to identify where strong buying/selling actually occurred
- A candle with no back wick at a key support level signals strong buying conviction
DXY as Market Compass + Forward Outlook
- DXY (“Dixie”) is my directional compass across markets (not 1:1 correlation, but a reliable guide)
- When USD gains strength (DXY rising), expect downward pressure on: XAU/USD, AUD/USD, EUR/USD, BTC/USD
- A 1H higher high followed by an anticipated higher low would confirm a bullish DXY shift
- As long as price does not produce bodies below the key area, the higher-low scenario remains valid
- Shout-out: Professor Ward, Lamar, and OTA
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.