GDX - Observe GoldieTwo times Hagopian.
Now at the lower medianline parallel (L-MLH) and back into the zone from where it broke out.
Let's see if we can find our entry.
Observation Bots send't out §8-)
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FORK
USDJPY heading south - More advanced Fork Trading.Here we have to slope (frequency) of this market.
Let's just observe and see what's going on.
Maybe the market screams at us and we find something to work on.
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NZDCAD MML Entry at old battlegroundAs discussed last week, I am once again looking at NZDCAD with a short perspective.
The pink ML has yet to be hit, as the value area from around April 17 held price off for now. Price extended quickly up and found resistance where sellers took control previously. At this point in time it also coincides nicely with the pink UMLH and price action gave us a mini median line entry signal.
Can reasonably expect price to bounce off this area and test the recent break from the coil down below. Will certainly be looking to move to break even beyond dashed blue line.
EU Short for the gap fillAs taught in the Andrews course we can anticipate a new pivot forming at the blue median line. Already showing signs of rejection with the sellers winning the battle at the high.
If price can break the support line then I plan on taking a short if price retraces to test the break.
Current high also looks nice on a channel in the daily view.
DAX "GER30" SHORTLongterm Short after opening gap for DAX "Ger30" same scenario with CAC "CAC40"
Remember to follow French Presidential Elections
Events at North Korea
etc..
Take Profit at Previous Swing LOWs appx 9400s
SL- With relatively safe trades .... who needs SL when at worst scenario you can hedge :p
Short Bobs Visit on NZDCADBig battle took place at the top of this swing up. Break out bar (bob) shows that buyers are no longer accepting higher prices and can expect price to at least retrace to the median line.
If price gets high enough to visit BOB can go short based on evidence of nobody accepting higher prices above.
Can expect a bounce of the value area on the way up as shorts get closed from above.
ES 15 Minute - Pattern view versus Fork Trading viewA classic TA may see a H&S.
What a Fork Trader is seeing is a different picture.
Watch the picture on the follow up below.
BTW:...it's not about right or wrong, it's about context and education.
C - Citigroup respects the Medianlines.Price gapped up to the seller zone to the tick.
Even price made a hagopian, means that price did not reached the centerline, I bet on the short side since C. is respecting the Medianlines so good.
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XBIT - Holy GAP...this looks like perfect opportunity!Price got kicked down at the centerline.
Then the world falls apart for XBIT...
...at least it looks like.
To me this is a GAP could be engineered from the Market Maker.
Think: If you would know "something" in advance and had the money to invest in a startup, what would you expect from the board to do for you?
Hmmm...
OK, I really dunno, but this could be a potential scenario for such scary GAP's...
And we really just don't need the facts - We are happy with pure Fork Trading and price reading.
Let's see if we can go above the centerline again to buy for a longer ride to the moon.
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AUDUSD - AU has a hard timeAU reached the confluence point of both forks and a heavy resistance from prior highs.
If price breaks above the white U-MLH, I would be willing to buy a retest.
But, because the blue L-MLH was expected to be retested as of the rules of the framework, I can imagine price to bounce back first, bevor breaking to the upside for a longterm move.
Observe...
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CL - Crude landed - bullseye!This was the former post. Read it and learn how this did unfold.
And now I will wait for a retetst of the centerline.
In my brain there is the Weekly chart...it's L-MLH is breached! This means, that price will test/retest it on the weekly bevor falling off the cliff if it really does. If this is the case, then the gas station has to pay us...
Here's the weekly:
Trade small and often, not bold and seldom, to enhance your chances to win!
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NKE - Thanks for the drop!Here we have Nike, coming back to the L-MLH.
To me this looks like a gift from the trading gods.
I sell ITM Puts and buy more OTM Calls.
If NKE drops out of the L-MLH, the party is over for me.
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XBIT - Elvis has left the centerline...Here we have it on the daily.
This will be a rocket ride, leaving "Forest" way behind.
One way ticket, one way ticket to the mooon ;-)
Trade save and don't jump the gun!
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Short DASHDASH price has become MASSIVELY over-inflated into a giant bubble which has now burst.
Yesterday Bitfinex added BCC and BCU tokens to allow traders to speculate on the future price of BTC and BTU respectively (these tokens will then be fully-convertible post-fork).
Currently BCC (BTC) is surging ahead. This will lead to downward pressure on DASH which has been boosted in price partly as a speculation on BTC price crash.
It now looks likely that a hard fork will result in BTC maintaining a healthy price and market dominance and thus the bullish exuberance in Alts is near to run its course.
SNAP - 60m Works With Forks tooHere we have SNAP, respecting the U-MLH and reached the Centerline perfectly bevor bouncing up.
This 60min. bar is not over now, but we already can see how price of SNAP reacting at the centerline, the place where price is going in over 80% of time.
From here, price could zoom through the CL. or bounce back to it, just to turn and go north.
Observing...
Gold GC - L-MLH GappedUsually if al Medianline is zoomed or gapped, we can expect a Test or even a Re- Test to it.
From then on, price will fall.
In this context I see a small Sine-Wave pattern (yellow dotted Sinewave).
We know that the center of S.W''s. are usually get broken, bevor the market starts to turn again and bags the shorts in the up move, wich in it self again produces a bigger Sine-Wave again. The nature of Fractals.
Of course and as always - I can be dead wrong hehe...
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CL - Crude pulled back to L-MLH. Ready to fall?Crude is in correction mode.
It's beautiful trading within the Pullback-Fork and has broken the L-MLH of the smaller blue PB-Fork.
The actual pullback to it is textbook like...which I like! ;-)
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CL - It's doing what it has to doLooks like the previous post will become true.
Sitting tight and wait for the Bus to the centerline hehe...
Peace!
Gold GC - Even the small Fork catches the path of priceWatch this chart an learn.
You can see how price reacts at the Fork's line.
Even in a steep rise you can project the path of price super nice - See the Mini-Fork.
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TLT - This should open your eyes a litte moreJust look, study and begin to see.
If you know the rules about Action/Reaction, about the Forks, you have a better sense what potentially could happen when price reaches the centerline, or breaks out of the U-MLH and comes back ("overshoot" - "back to centerline" in pink).
Follow each bar, from left to right...slowly...think about what's going on bevor going to the next bar.
Feel how markets swing, up and down and up and down...breathe in, breath out...contraction, release.
As above so below
Drop me a message if you like it, have comments or want to learn more about the Forks.
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GBPUSD - GU could have a altitude flightPrice broke out of the big downtrend (white fork), took a couple dance-steps on it (yellow ovals) and gained strength.
Look what the pink bar did.
It broke the prior small resistance with gusto (Indication!).
Then it flung up and down a couple times, and defended the grounds (green) to break the U-MLH (blue fork).
The close outside the blue downsloping fork and the higher highs (exponential dashed blue line) is enough for me to take a first load and go long.
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CL - Crude Oil probably prepping for a diveThe real last high was on 2015/08/31 - with a very low close, basically a give-up.
From 2016/01/08 price started to stair-step in big swings.
The prior high, from where buyers gave up, was the exact point where they once again ran out of power, failing to break north and go higher.
OPEC brought news in the last days - they would even lower prices much more to support Crude prices...
My thinking goes like this: It's not a organisation who makes the market - It's the market, humans who tell what they are willing to pay. And if the crowd is not willing to pay more for crude, then nobody in the world can stop price from going lower and lower.
It's just my simple thinking and in the years I walk on our bowl, the rules of live worked out very well. If not, it was me who did not follow it...
Back to the chart.
The past weeks produced a coil - energy is loading up.
IMO it will explode to the south - but who knows - maybe something will happen and then people are willing to pay more and my thoughts are history. Yes, no crystal bowl, just putting together the puzzles and hope the picture is what it's showing.
As for now, I see price will reach the centerline - either the white or even the blue one. But first there shall be a break of the support (blue line). Then I hope for price to come back to pick me up for the ride. But this is probably wishful thinking here, because of the loading on energy which could expand very explosive.
Hunt mode on...
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