FULL ANALYSIS ON GOLD - 4H CHARTHey Folks,
This is my long term analysis for GOLD - XAUUSD.
2 ways:
Red : Final move to green trendline.
Blue : A small move up and then test the low before going up to green trendline.
Notice we are looking to simillar structures in both Gold and EURUSD.
-
Hola Amigos,
Este es mi análisis a largo plazo en el Oro - XAUUSD.
2 recorridos:
Rojo : Movimiento final hacia línea de tendencia verde.
Azul : Un pequeño movimiento hacia arriba y caída hasta el soporte más bajo antes del movimiento hacia la línea de tendecia verde.
Daros cuenta que observamos estructuras similares entre el Oro y el EURUSD.
Forecasting
A clear path to successBitcoin has been performing beautifully since February 2016. It has been a year of spectacular growth, and I'm fairly confident this will continue for some time. Why? Let's consider some basic things. In the past few weeks, we witnessed bitcoin drift sideways for almost a week at around $1010 USD. This is something that bitcoin has never done. There is only one word for this- stability. The price of bitcoin has gained tremendous value, while at the same time, gaining a great deal of stability. This alone is a good reason to be long.
Secondly, the world is beginning to find out about bitcoin. The spot light focused on bitcoin has revealed a very powerful strength in its nature. There has always been some underlying fear that bitcoin is just a form of money for people to buy illicit items with. However, the public and political scrutiny looking for illegitimacy has exposed just the opposite, and thanks to social media, everyone found out very quickly. The serious people in the world are done thinking of bitcoin as sketchy computer money, and are beginning to see it for what it is- a technological advancement to how humans store and transfer value, make transactions, and protect wealth.
Let's also consider the nature of the world. If you look back through all periods of human history, you will find that no Empire has ever endured, and in the failure of an Empire, comes the collapse of a currency. No governments money has ever maintained and gained value over the long run, yet, decentralized assets like gold and silver, have held and gained value since the beginning of time. Why? because they are rare, and because they can't be reproduced, what the earth gave us is what we get.
This rare and irreproducible nature is what creates the opportunity to assign arbitrary value. This arbitrary establishment of value is a spark in a society of fuel. If the fuel doesn't ignite, the asset dies, but if the fuel ignites, the asset gains traction and develops value very nicely. Obviously ignition occurred after gold and silver were given arbitrary values. However, gold and silver have a major drawback that bitcoin does not. Gold and silver are not practical in an advanced world. They are difficult and costly to store, lack an easy and precise mechanism for partitioning, and they can be counterfeited.
This is where bitcoin comes in. Like gold and silver, bitcoin is a rare and irreproducible asset that has experienced ignition after being assigned value in 2009. But, it is not impractical like gold and silver. It is easy and virtually free to store, perfectly partitioned effortlessly, and can't be counterfeited. This advantage that bitcoin holds over gold and silver is also a good enough reason alone to be long.
Finally, Bitcoin has the potential to be bank friendly, and it has the ability to be lawfully legitimized, which is why it can survive the journey to becoming mainstream. This sentiment has already been expressed by the United States government, and it will continue to be expressed by countries around the world. Why? Because of competition. When it comes to technology, humans must give in, because those who refuse technology get left behind. Technology is the newest arbiter of evolutionary success, and it can powerfully impact an individuals or a societies ability to survive.
With all this being said, bitcoin can still fail, but what investment can't? To me, it couldn't be more clear how good of an investment opportunity this is. Bitcoin has a strong technological foundation, the support of thousands of years of history, and the ability to transform human transaction- a brilliant, and immensely valuable utility.
RE-ANALYSIS IN EURCAD - 2H CHARTHi Traders,
I wanted to share this Re-Analysis of a past idea I published. If you want to check it out the past idea is linked to this one.
We are still analyzing the corrective structure. In a first beginning it looked like a converging flag and we expected a move up but it went out of structure and now we can identify perfectly that we are getting a corrective Flat.
Short term is a buy, it could either make a Running Flat or brake the top to become an Expanded Flat. Afterwards we will get a sharp impulse down.
If you want to buy wait for a corrective structure where the arrow and then buy breakout.
I am very interested in the downtrend move since it's the big trade.
Carlos
EURJPY COMPLETING STRUCTURE - 1H CHARTHey guys,
We are still analyzing EURJPY. I shared a Daily view on this pair and it is linked to this one here. You can see it attached below.
The flag we are willing to trade could be an almost perfect 5 wave structure as you see in this chart.
Now it is all about being patient. In the next flag formation we will enter the trade.
As you see we did a short term trade lately. 130 pips in a 2 day trade!
Carlos
UP ! up !Two lines => for two options
-slow one like the first 6 months of 2016
-fast one like second part of 2016
BUY SET UP IN EURCAD - 1H CHARTHi traders,
Planing different trades this week! I see a nice buy set up in EURCAD
I think we have a clear structure in both 1H and 4H charts, looks like a triangle correction from a past impulse.
We had 4 moves already so the fifth move is likely to happen due to the formation of a flag.
If we trade the breaout of the flag we will have the chance of a 140 pip trade and a nice risk reward.
Carlos
ABC PATTERN IN GBPUSD - 1HHey guys,
I have been posting charts on this pair but this is the last one I will post for Buys.
We are probably having an ABC structure after a sharp impulse. Maybe this ABC could turn into a more complex correction but by now I bet it is making a Flat ABC.
I am expecting it to brake the low and reverse somewhere between 1.2410 and 1.2339, then I will trade the move up, hopefully another sharp impulse.
If it makes a sharp impulse until 1.2839 we will complete the H4 three wave structure and I will start looking for sells.
Carlos
Pound to Dollar forecast 1H to DailyPound to Dollar forecast for December 2016.
The exchange rate for beginning of December 1.23. Maximum rate 1.24, while minimum 1.20. Averaged rate for month 1.22. The forecast for pound exchange rate at the end 1.22, change for December -0.81%.
GBP to USD forecast for January 2017.
The exchange rate for beginning of January 1.22. Maximum rate 1.23, while minimum 1.19. Averaged rate for month 1.21. The forecast for pound exchange rate at the end 1.21, change for January -0.82%.
Pound to Dollar forecast for February 2017.
The exchange rate for beginning of February 1.21. Maximum rate 1.21, while minimum 1.16. Averaged rate for month 1.19. The forecast for pound exchange rate at the end 1.18, change for February -2.48%.
1H/4H Range looking for breakout
Daily Small UP Channel from 2016-10-06
OIL - Breakdown / Analysis / Entry Plan + ForecastA breakdown of OIL with potential scenarios for both the up and downside.
The blue box indicates the criteria for entry with 4/5 requirements needing to be met before entry, this method cuts losses and gives a clear structured way to enter trades that can be back-tested.
Good luck!
EUR/USD Analysis, entry strategy and scenarios!A breakdown of EUR/USD with potential scenarios for both the up and downside.
The blue box indicates the criteria for entry with 4/5 requirements needing to be met before entry, this method cuts losses and gives a clear structured way to enter trades that can be back-tested.
Good luck!
Does the S&P Want Higher Prices?Hello everyone!
With the market making all time highs, I believe it's time to take a step back and view where the market may go. Right now, the S&P E-mini futures are breaking the all time highs with greater volume from when they were set back in May of 2015. With that in mind, I believe that if the /ES can hold that as support, we're heading higher. If that doesn't happen, I think we'll continue trading in the range with the support being the blue shaded box area and the resistance area being the solid trend lines.
After this week and next, we'll have a clearer picture of where we're headed.
-Bearstobulls.com
AUDUSD Trading Forecast for June 15, 2016As we've stated in our previous analysis, we expected AUDUSD to continue rising towards its 61.8% retracement level. But price declined to as low as 0.7330.
We still anticipate aussie to rally to 0.7570 before trending down. A break from its bearish channel (red) would give us a clue.
US DOLLAR Will Surge Today! - No Brainer (US DOLLAR FUTUREThere is no better time to buy US Dollar but NOW! - The might Dollar fall big time : 1.05
The loonie fall just below 70 cents (U.S.) in January and as of the beginning of May was right around the 79 - 80-cent mark. 98% Dollar could easily move higher starting this week, and 2% it could fall. Forecasting currency moves are even harder to predict than the stock market this days- But if you buy U.S. dollars today, you'll be doing yourself a big favour. You don't want to miss out....
Sincerely
Dr.
INFALLIBLE DAX STEPS (THE FUTURE ) DAX steps for both hedging, day trading and long term FX gangsters :) all in this chart - please feel free to ask me any question if you are struggling to comprehend this infallible accuracy chart - it's hard to pick my brain on the fly unless you ask me, 'cos no one on the planet draw chart like I do, and there is so much into it - you got to ask me question so you know what am thinking / my vision about DAX movement. News and indicators are quite unstable, so forget about crappy indicators & news hype.
As far as I am concern - I am the only one on the planet that use this below combo to determine Mr market' movement in one single trade.
Elements that made this chart:
*Geometry
*Maths
*Psychology
*Candle Formation
*Candle Wick Mira-Focus (I bet you never heard of this :)
You must be way smart to understand this chart - I can't stress it enough and I can't say much here 'cos Investment Bankers may be upset :)
Let's go get it! :)
Happy trading y'all !