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GET READY: DJI correction possibly on 4H time frame.In this screencast I explore the importance of the 4H ATR trend line in association with SqM switches. This is about taking early notice of areas where stuff may happen. The future hasn't been written as yet, and I don't do predictions. What I see is the chance of a 4H trend weakening, based on the historical a patterns of the DJI. If the 4H ATR flattens further then there is increasing probability for the south. But what does that mean? Well, it doesn't mean that the whole market will crash. It means that a correction may be coming up. Note that for any probability estimate in one direction there is a residual probability in the opposite direction. Disclaimers : This is not encouragement to trade in securities. If you take positions in this market your risks and losses are you own. In simple terms sue yourself if you lose money. Approximately 70% of retail traders consistently lose money in trading.
FOREXCOM:US30
by Captain_Walker
EURNZD: Major switch on 4HThis is a short take. EURNZD has shown an initial sharp switch for the south on 4H time frame. Looking at the history of this time frame (over the period shown), this usually is followed by further travel. How far? I don't know. See chart snapshot below. But this pair is a very volatile one so don't expect it to go down smoothly - and there may be nasty surprises. Whoever said trading was easy?! Note that this is primarily a trend-following strategy. So, this is not about pre-defining targets. There are no targets in true trend-following. Stop-losses are larger and potential gains are much larger than 80% of what is not trend-following.
Short
by Captain_Walker
Trump-ah-pump! Fake news and more!What a day it has been on Wall Street (DJI)! The markets moved north on Mr Trump waxing lyrical that he's off the hook - yet again. What the Mueller report actually said at p182, was that, " The evidence we obtained about the President's actions and intent presents difficult issues that would need to be resolved if we were making a traditional prosecutorial judgment. At the same time , if we had confidence after a thorough investigation of the facts that the President clearly did not commit obstruction of justice, we would so state. Based on the facts and the applicable legal standards, we are unable to reach that judgment. Accordingly, while this report does not conclude that the President committed a crime, it also does not exonerate him ." In simpler language, the Mueller Inquiry was not tasked with prosecuting the President. It was outside of their powers. Importantly they term their conclusions (which are not definitive) in double negatives. I say that this is an invitation to Congress (the legislature in America) to investigate further. The report did NOT exonerate Mr Trump! That is as clear as daylight! But fake news and fake assertions drives markets! The evidence for that is right there - before your eyes - on the chart.
OANDA:US30USDEducation
by Captain_Walker
2
GOLD: Flap of a butterfly's wings could trigger a bullish storm.In this two-pane chart, I show an anomaly in Gold price i.e. it is disconnecting more visibly in the last few days. Yes, this sometimes happens for no obvious reason. But in the context of a major push south on stockmarkets in the last 48 hours, it could be significant. The other problem is that the US Dollar is heading into a level of cross-header resistance in possibly the start of a head and shoulders pattern. It's possible that US Dollar may head south, which could enhance already bullish moves that are disconnecting. I can't know exactly what's what. So, I've taken a controlled affordable loss (alias stop-loss) - that's all I can control. This post is speculative. Your losses are your own if you trade a live account.
FX_IDC:XAUUSDLong
by Captain_Walker
ETC/BTC Short coming to an end very soonHello guys, what a crazy weekend in ETC, many people got used that ETC will only sky rocket, but as they say, what goes up must come down, and with the same strength!!! So ETC has been experiencing a beating in the price the last few days, many many people angry about it, some already lost hope, so here I come to tell you good news. Downtrend soon will be crossing channel levels, also Fibonacci showing a new way on the road, at the next corner we will be doing the turn, and the corner is just a few meters ahead. Do not desperate, be patient and hold to your ETCs i think the graphic shows it clearly ! If you have question just post a comment and I will gladly answer you.
Short
by insa
9