15 TTf Box Strategythe price already break the box now pull back
go long aim 2R
why have to complicated
Australia
BHP Billiton vs. CommoditiesComparing BHP billiton to Gold, Copper, and Oil - aka the "reflation" commodities. Note how there is a decent correlation that has completely diverged in the past few months. Billiton probably going to head downward
Correlation & recent divergence of Australia & Hong KongInteresting divergence in the past few months in what are normally two highly correlated indexes (Hong Kong's HSI and the Australian index). Hong Kong is the red line, whereas Australia is the blue line. Note the stark divergence where HK is heading south, while Australia has yet to head downward.
Note that the lines represented here are the 100-day exponential moving averages of the index to smooth things out.
Simple as 123 15mins BOX strategy
buy if the price break above,
Sell if the price break bellow
1R : 1R
Simple right
Short ASX - Recession inboundASX topping out, creating multiple bear divergences within a large, multi year bear flag.
Orange line = height of ASX pre gfc.
Red line = pre recession support
Blue lines = first lot of targets.
Along with the housing bubble, potential future issues with loan repayments (i.e. those who took out interest only loans), along with the flat cash rate and wages not meeting inflation and gosh so many other things, Australia's recession may occur in 2019 with major repercussions in 2020.
I am not a financial advisor or some analyst of any kind. Just a guy who's interested in macro-economics. Whether I am right or wrong, it would be very interesting watching the next 2-3 years unfold.
Time to Long TELSTRALooks like we bout to hit bottom. This should be a good place to go long. If it breaks down more, then you can always bail at a stop loss, but this right here is a seven year low. With the recent job cuts and 5G around the corner, I fully expect a rebound.
Also every single analyst right now is telling you to sell. Thats a buy signal in itself.
Australian Cannabis Penny Stock: MCLAustralian Cannabis Penny Stock:
market looks a little over extended leaning towards overbought. Massive accumulation phase before huge pump cycles. Market is over 200 sma bullish, Retest of 618 fib expected, if successful bounce from 618 support and break threw ichimoku cloud, then enter a long position, marker will be confirmed bullish.
For best entry wait until we retest yellow support trend line.
Good news could easily see us propelled to 0.26+ continuing bullish trend
EURUSD 22/5/18 at 4.30pm price retest the structure (green bar), good opportunity short
this trade base on trend continuation
AXY 1D time frame longAXY Already complete it's M pattern. now in my view it's start the journey to long.
