Jason Sen - Day Trade Ideas

Today's trade ideas (posted daily for Telegram subscribers). daytradeideas.co.uk

UPDATE: Emini Dow Jones breaks yesterday's low at 52290 & Monday's low at 52173, which risks a slide to 51810/780 & even as far as last week's low at 51720, with Fibonacci support at 51650/600.  A daily close below 51500 is a short term sell signal for tomorrow initially targeting 51300/270.

Gold traders worry about today's FOMC rate decision. https://youtu.be/E5mx8WZwIbo

WTI Crude September futures. Last session low & high: 7778 - 8243 (To compare the spread with the contract that you trade). WTI Crude September futures lower initially yesterday to my target of 7880/7840 before we made a low for the day only 48 ticks above minor support at 7730/7700. Over night we have jumped back to Tuesday's high through 8240/8280 to the next target & resistance at 8320/8360. Shorts need stops above 8450 & a break higher targets 8540/8470. Holding resistance at 8320/8360 targets 8240/10, perhaps as far as 8170/40. A break below 8090 can target 8010/7990 & 7880/7840.    We could have resistance at 8240/8280 but above here can target resistance at 8320/8360.

Gold XAUUSD   Gold has traded sideways for a month in a range from the June low of 3943 up to Fibonacci resistance at 4160/4170. We remain right in the middle of that range in very quiet conditions, with little movement yesterday. We have 10 day ascending trend line minor support at 4047/4042. A break below 4039 therefore risks a slide to 4023/4019. If we continue lower look for 4005. We have 1 week descending t minor rend line resistance at 4083/4088. A break above 4093 however can target 4102/05 & 4115.

Silver 1 hour chart

28 July Gold XAUUSD   Gold has traded sideways for a month in a range from the June low of 3943 up to Fibonacci resistance at 4160/4170. We remain right in the middle of that range in very quiet conditions, with little movement yesterday. We have 10 day ascending trend line minor support at 4047/4042. A break below 4039 therefore risks a slide to 4023/4019. If we continue lower look for 4005. We have 1 week descending t minor rend line resistance at 4083/4088. A break above 4093 however can target 4102/05 & 4115.

Gold 1 hour chart

40 pips profit so far for today

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Today's trade starting to show a profit

WTI Crude update posted for subscribers

YOU ARE LOSING BECAUSE FEAR & GREED HIJACK YOUR TRADE PLAN. Most traders fail because they self-sabotage. 1. Emotional bias. 2. Confirmation bias 3. Overconfidence bias. 4. Discipline sounds simple, but it’s hard in real time. 5. You hate taking losses. https://youtu.be/NMuKVr8O1Ao

Silver  XAGUSD Silver did hold resistance at 5990/6020 as predicted & we collapsed to targets of 5950 & 5900/5880 for profit taking. However longs at strong support at 5880/5850 stopped below 5800. As with Gold, it looks unlikely that we are starting a new bull trend now & may consolidate in a sideways patten for a while, although a break below the July low of 5475 is certainly not out of the question.......

24 July Gold XAUUSD   Gold reversed from strong resistance at 4160/4170 & shorts worked targeting 4119/4115 & a buying opportunity at 4090/4080. However longs stopped below 4070. We have wiped out all of Wednesday's gains and half of Tuesday's so unfortunately this is not looking like the start of a short term bull trend as I had initially hoped. Today's report has been updated for subscribers

DON'T MISS TODAY'S IMPORTANT TRADE LEVELS FOR GOLD & SILVER. https://youtu.be/rs7TXPEDhMo