Forks
USDCHF ST - Potential Turn @ CenterlineThis shoot up is usally not sustainable for a continuation.
Price haltet right at the centerline, and where the zone of the last breakdown is looming.
A jump above the centerline would indicate a continuation in the direction.
I prefere to with the trend, even the flow right now is up i think the stream will correct it.
P!
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DAX - Arrived @ A/R... to turn south?Unfortunately there is no trade for me, even this is a superb place for the market to turn.
...there is no structure to hide my stop ;-)
Facts:
- Trend is down
- Bubble Up (usually not sustainable)
- A/R resistance
Let's observe and maybe the market creates a stop-structure for us...
P!
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NASDAQ - "PARTY IS OVER"...is it?Holy Moly...
I use Newtons law of Action/Reaction many years now.
And again - i'm floored once more, how one can do a little "magic" with this knowledge.
Time will tell if we go down from here, but hey - If I see the previous FACTS in front of me, I really don't bet anything for another move up!
Thanks to all my followers for your support!
P!
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USDCAD ST - Trailing down to L-MLH?
Overall DT.
resistance on the SZ and at the U-MLH
very low closing bar (PinBar), rejected at the SZ
This is a potential short which i try to trail down as far as possible, without the exit at the CL.
To me, the past down swings look like a load of a big battery.
...just my view, and probably dead wrong ;-)
But i play chances, like Casinos do.
P!
AUDUSD - Not listen to us...Price did not act as expected.
But we stil need to learn from this and
use this information for the future.
At least we see, that A/R works very nice...
...the centerline & WL2 confluence is a real pretty one!
Actually price is kinda ranging - so we probably leave
this one allone for a while, at least in this timeframe.
...observe and learn...
P!
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EURUSD - Holding, Coling, Exploding?On the dayli we see price coiling.
This brings the potential for a nice SQ to the upside.
My Goal is still the upper A/R, or if it struggles at the centerline, i take my profit there, or partial at least.
P!
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IWM - Centerline Break & Test/RetestThis is like textbook behaviour.
1. break of the centerline (upsloping)
2. test/retest at the centerline
3. down to the next A/R Line, the downsloping centerline.
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USDCAD - Another Picure On The 240Her's a complete ohter picture on the 240.
Break to the downside is absolutely possible.
IMO, here is a trend change going on.
The red FLUSH looks like a final shakeout.
More information on the chart...and try this out - i'm sure you will like it (it's free): mytradingcoach.teachable.com
Crude - Support At The Lower MLHThe breakthrough of the upsloping centerline (grey), and the L-MLH of the red pullback-Fork indicates a potential turn.
Main TGT would be back to grey centerline.
Second opinion is the break of the L-MLH, down to the support zone (green) and up from there to new highs.
P!
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