How we have been trading EURUSD D1 (Daily chart) with our indicators + hand-drawn trend lines. After 10 years of R&D (we have been testing different indicators every day for a decade), we have developed our own Suite of 26 indicators. Here are just a few of them. Indicators names (from top to bottom): - Strength Shows the strength of the market, the...
Alright the AUD has had a short bearish rally and stalled. Now retracing, we are faced with the question: Is this a new trend, or just a pullback in the bull market. Bullish factors: - Bounce from the 50D moving average - Yesterday closed bullish - RBA has addressed that further interest rate hikes will be needed Bearish factors: - Potential pricing in of future...
This is Trading Week #3 (Jan 16-20) 2023. Data from the past 10 years (2012-2022) shows that Cotton Futures was up 9 years (90%) of time. Get ready to LONG on Monday!
DJT is one of my canaries (in the coal-mine). I also look at DJI and SPX similarly, they give you a good idea about what's happening at the market in general. The idea is to notice the steep pink/magenta arrows (6 of them within 2 months! should be enough to learn from it) and conclude, that the blue arrows are the 'real' ones that would represent a trend instead...
Good morning guys, Bitcoin is still forming the symmetric triangle on H4, which naturally has better odds to break upwards, than downwards. The targets of this symmetric triangle are similar to the max-targets of the older bullish Adam & Eve to the top and if we break this down (possibly after a false break-out) our main target would be around $10750. You would...
Just for myself really to try see what this means. SAN is 8192269 LONG vs 124964 SHORT - this is 65/1 - Im short on these alts these last two weeks despite the recent bounce. I believe BTC is gonna drop, if it goes up all well and good, but I dont see anything crazy in the last drops, there is no fear, pain, OMG WTF etc. We still need to have that. I think we...
On chart is shown a partial of circular support and resistance purple-colored lines. Support at 6650 and 6550 Resistance at 6850 and 7200 2 PRs: PR1 trgt = 6605 (reached) (=strong signal) -- further uptrending momentum is likely - failing more than 2 PR failures. PR2 trgt = 7034.51 (Not yet reached) -- needs more time till proven failed (=avg strength signal...
Not a fundamental analysis trader but possible rising oil prices wil push USDCAD eventually but the possible rate hike wil first spike things up a little if that make any sense?
Mysterious sterling strength: 1. Sterling has managed to par losses and actually rise in past days despite a number of heavily weighted factors increasing GBP downside pressure e.g. MPC M. Weale switching to the doves, PMI/ Business Optimism 8yr lows, Sterling rates markets consistently pricing >25bps of cuts to the BOE base rate (details below), the median bank...
Many confluences that place the odds in your corner. Possible yearly returns, always remember Risk/Reward ratio.