It's a channel. Nobody really knows for sure why channels develop. There are loads of theories. I'm not interested. A channel is usually discovered late, obviously because the channel is evolving and then you see it. Unbelievable as it is, it is there. So what do you do. Well, I don't give advice. What I do is understand that there may be limited opportunity...
Some have asked me about my rather different methodology. This 15 min chart of Gold which isn't my favourite, shows it all. No secrets. No fees. No signups. No signals. No obligations! 😃👍 The position setup shown looks back only to show how it works. There are 5 points at which this trend could have been shorted. If you're a day trader, you might have lost some...
I think this chart will be of interest, in overlooking the big picture. I say what I see and it is largely about a health timebomb approaching. So I deal with some technical and hidden fundamental issues. Always say what you see on the charts! Remember TA is about sentiment - until reality catches up. 1 - A popped bubble. 2 - A reinflated bubble. 3 - A...
There are no promises, guarantees or predictions in this. The Aussies have been flattening out at a top - it appears - at this time. There are only two directions for price - nothing new in that. What happens in situations like these is: 1 - either price collapses. 2 - it rockets north. You can imagine what bulls and bears would say to each of the above....
FED-backed pumping or rather re-pumping of the popped bubble, has taken the DJI to unexpected levels. I think they're making the same mistake all over again. Have a look. No predictions. I don't do predictions. Tough. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can...
A few weeks ago, 'everybody' was saying Gold to hit $5000 in short time. I too got caught up in this. Well, I changed my mind. It may get there but I do not now believe it's gonna get to $5000 soon. Have a look at the chart and note disclaimers.
The DAX has definitely popped! Some say that the Federal Reserve and the ECB will un-pop what has been popped. I have serious doubts about that! When I was a child I tried sticking back my bust balloon with sellotape and blowing it up again! It didn't work. I think the FED and ECB will be taught the same lesson. They may blow some hot air of cheap money back...
There's not much interest in the Chinese stock index here on Tradingview but the ChinaA50 is absolutely important for what happens around the globe. The A50 is in big trouble and more trouble is yet to come in weeks to months. This is just bad news for the rest of the world really. I'll say no more here - follow some of the price action with me on the 4H.
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i am waiting for 618 level to confirm the next move.
FOREXCOM:XAUUSD it didnt complete the target for buy and reversed to down so here i am expecting a down move for this week so lets see Goodluck guys!
FOREXCOM:XAUUSD I EXPECT THAT IT WOULD BE STRAIGHT FALL THIS WEEK. LETS SEE GOODLUCK !
US Oil presents some serious challenges for those looking to short this market. This analysis is time frame dependent. Which way you might want to go depends entirely on trends in respective time frames. DAILY PICTURE 1. On the daily time frame this is very much a bull market. We can see that in the ATR (amber trendline) and the green Guppy investor zone. 2....
All description on chart. Don't forget to like and follow. Thank you.
Breakout run from EUR open, followed by stop run through 1.1442. On the 5m chart, 3 pushes shows slowing momentum. On the 15m chart, doji reversal followed by bearish price action (solid red down). Perfect opportunity to enter when it pulled back to 1.1472. On the 1h chart, reversal swung to fib618, where another 5m and 15m reversal appeared. Another reversal...
I don't see anyone talking about trading books so I'd like to share a few books that I read over the years and invite you to comment below with yours. Regardless of whether you are a novice or an experienced trader every book has something to teach and it is quality time to spend off the charts.