My BEST Trading Setups this Week: GOLD, USD, S&P500, NASDAQ, OIL, and MORE!

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  • Опубліковано 8 чер 2024
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КОМЕНТАРІ • 53

  • @TraderNick
    @TraderNick  27 днів тому

    Resources mentioned in this video:
    EdgeFinder: a1trading.com/edgefinder/
    Trade Alerts: a1trading.com/vip/
    Join our discord: form.jotform.com/233233879445161
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    Webull (stocks/options/futures): tinyurl.com/mpsxbssn

  • @kayotnior814
    @kayotnior814 26 днів тому +1

    Nick what’s your advise for offshore swing traders. Sometimes I feel like the swaps on a daily basis is too much. It’s like everyday I add to my cost to trade. Does your broker do the same?

  • @giftmatlala_
    @giftmatlala_ 27 днів тому +2

    Welcome back Nick 🙂👍🏽

  • @might1988
    @might1988 27 днів тому +1

    Thank you so much Nick.
    I appreciate your consistency and contributions to the Trading community worldwide.❤

  • @annielong439
    @annielong439 27 днів тому

    Great video! Thank you, Nick 👍

  • @THEAFRICANTRADER.369
    @THEAFRICANTRADER.369 27 днів тому

    awesome analysis Nick, keep it up!!!

  • @komaljain316
    @komaljain316 26 днів тому

    Hey Nick, when you talk about gold price in your current trades, is it spot gold price or future price. Bcz gold already broke 2300 on Friday itself in spot market and you said, if it breaks 2300, you will be out from the trade. I know you trade ETF but for chart analysis, you take gold price.

  • @stevep.2449
    @stevep.2449 27 днів тому

    Hey Nick - Why are Copper and Platinum Bearish while gold is bullish?? That makes no sense to me....

  • @levarallen824
    @levarallen824 26 днів тому

    Thank you

  • @yoelberhane258
    @yoelberhane258 27 днів тому

    It would be cool to add a technical indicator like relative rotational graph

  • @braddeicide
    @braddeicide 27 днів тому

    I also tried to catch the falling knife in gold. Gold did bounce a little, last I looked at silver there was zero bounce.

  • @yashdamor4334
    @yashdamor4334 26 днів тому

    welcome back nick!!
    As always thanks for the setups and i was waiting for COT data of this week in this video
    Why no COT data!?

    • @TraderNick
      @TraderNick  26 днів тому

      Sometimes I miss it! TBH I'd suggest purchasing a copy for yourself so you can access it any time!

  • @xoticfn8907
    @xoticfn8907 27 днів тому

    nice vid nick keep it up genuinely one of the most transparent traders out there

  • @tamaradidenko3113
    @tamaradidenko3113 27 днів тому

    Thank you very much for a great help

  • @sibonelelohlatshwayo7753
    @sibonelelohlatshwayo7753 27 днів тому +4

    Yoh Nick, u catching a falling sword with that Gold position

    • @TraderNick
      @TraderNick  27 днів тому +8

      Maybe! Sometimes a steep pullback is my best entry. Less about the price action, more about the fundamentals

    • @sibonelelohlatshwayo7753
      @sibonelelohlatshwayo7753 27 днів тому +6

      @@TraderNick Fandamentals i believe are also wretten in price action. Also fandamentals are lil bit lagging than price action.
      USD may still look weak in Fandamentals data, but price action sees everything 1st hand

    • @bhavyakothari5028
      @bhavyakothari5028 27 днів тому

      @@sibonelelohlatshwayo7753then why does move come after news ?

  • @muthokavincent9704
    @muthokavincent9704 27 днів тому

    amazing

  • @N0xgar
    @N0xgar 27 днів тому

    Natural Gas would be a really interesting asset to add to the Edgefinder. I would love to see some fundamentals on it. Cheers

  • @priyamn8175
    @priyamn8175 27 днів тому

    Can someone explain me why eurusd went up on interest rate cut event, as per books and institutions, if interest rates r cut the price of currency should go down

    • @MePaulhenri
      @MePaulhenri 26 днів тому

      This is because the ECB cut was a hawkish one because they didn't yet enter in a rate cut cycle and inflation in Europe is rising so they don't have much room to continue rate cut

    • @priyamn8175
      @priyamn8175 26 днів тому

      @@MePaulhenri thanks for the information, really appreciate it, if u dont mind can u share ur view on where to get this fundamental data and also bank of Canada did a rate cut and the condition in Canada doesn’t look stable still the price of cadusd went up on the rate cut event?

    • @MePaulhenri
      @MePaulhenri 26 днів тому +1

      The BoC also cut it's rate but this is ok because it's economic indicators like GDP, inflation rate are slowing down so it makes sense for them to cut rate to stimulate back the economy which is not the same as for the ECB which still has hot inflation and a growing GDP , their cut rate was surely because of the European union election but it had nothing to do with economic data

    • @priyamn8175
      @priyamn8175 26 днів тому

      @@MePaulhenri thanks mate really appreciate it 🙏

  • @pauludnisstgeorges8753
    @pauludnisstgeorges8753 27 днів тому

    my favorite video by you, i be waiting every Sundays to see if we see the same thing on the chart much love from haiti

  • @stephenolu2281
    @stephenolu2281 27 днів тому

    Please does an increase in interest rate cause that particular currency to go bullish or bearish?

  • @shaheedlinzag3436
    @shaheedlinzag3436 26 днів тому

    Nick you think CPI report might really be 3.1 because of the 4 percent unemployment rate and the little number as well of other data

  • @tomasjanik7590
    @tomasjanik7590 27 днів тому

    Job growth went up as well as unemployment means there were more jobs lost than created?

  • @justfootball3748
    @justfootball3748 27 днів тому +1

    finally🎉🎉🎉

  • @mysticman86
    @mysticman86 27 днів тому

    This week we have too many fishes to fry 💰

  • @fusenisanda6723
    @fusenisanda6723 27 днів тому +1

    Welcome from vacation.. First to Comment

  • @Sunside1992
    @Sunside1992 25 днів тому

    No cot report 😭😭😭

  • @GmacFx
    @GmacFx 27 днів тому +8

    Im new to fundamentals. I found trading only 6 months ago after searching for a better way of making a living. Im 39 i woke up from the programming a few years ago lol late bloomer. Anyway im a mailman small town in Appalachia. I understand i cant worry about making money in the beginning focus on process. Im funded but not reached a oayout. I trade Nasdaq feom 1-5am est due to work. If i see a setup between 10-11am i take it. Rules are 2 losses in a session im done or 2 wins. I learn something rveryday its crazy. Anyway would this software help me better understand all the different things that move and give sentiment to the market. An added barometer or confluence of some sort. Please pray for me to stay disciplined stick to my plan and be prosperous in jesus name. I do for you as well. God bless yall

    • @Bluelight44
      @Bluelight44 27 днів тому

      S/O keep your head down, trust in your strategy and don't fight the markets. EdgeFinder is definitely top notch software

    • @synxffx8939
      @synxffx8939 27 днів тому +2

      Amen brother.
      May the Lord bring financial peace in your life🫶🏿

    • @GmacFx
      @GmacFx 26 днів тому

      @@synxffx8939 thank you

    • @GmacFx
      @GmacFx 26 днів тому

      @@synxffx8939 thank you I wake up 1am est watch market from 2-5am work 8-6 come home shower eat study sleep I am impulsive and lacking discipline or id be doing better. I must remove the urge of wanting it so bad and forcing it. I must stick to my plan in Jesus name please lord help me I need to break the generational curse of poverty for me and my bloodline I must forge ahead through adversity and learn from my mistakes I will overcome this thank you all

    • @GmacFx
      @GmacFx 26 днів тому

      @@synxffx8939 I'm at such a low point my friend I really need something to happen good I'm not trying to be a cry baby I will make it just in a bad spot mentally financially etc God bless

  • @Derrick1981y
    @Derrick1981y 27 днів тому

    I need help with my horrible trading psychology habits that can't get myself to stop..

  • @sadiarizwan1
    @sadiarizwan1 27 днів тому

    That Nancy Pelosi comment 😂

  • @samsonstiger
    @samsonstiger 26 днів тому +2

    unless your nancy peloski.... 🤣🤣🤣🤣🤣🤣 im dead... nick came back a savage, hope it gold reverses for u bro, hope u cut if it breaks that support. sure u will get it back you have been smashing gold this year.

  • @Blaze_Don1
    @Blaze_Don1 27 днів тому +5

    Ur zones r very close to each other meaning u don't know how to draw zones correctly

    • @TraderNick
      @TraderNick  27 днів тому +4

      I appreciate your concern

    • @anishpawar8852
      @anishpawar8852 27 днів тому +6

      He is making money. Trading is not about how accurately you draw your zones but how you manage your risk,plan your trade and discipline that's all matter.

    • @VioletCarmen
      @VioletCarmen 27 днів тому

      ​@@anishpawar8852yes for real

    • @matthewnarain7775
      @matthewnarain7775 27 днів тому +2

      ​@@TraderNick😂😂😂😂😂 savage !

  • @sibonelelohlatshwayo7753
    @sibonelelohlatshwayo7753 27 днів тому

    1st