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Rebellion

NZDJPY: Stay tunedThe chart shows development of a serious 4H trend south. Price now struggling out of an RSI trench and could be forming a reversal or rebellion pattern. Generally RSI trenches are not places to go short, as basically you're late in the game. Of course price could disrespect the RSI - I've seen that happen - but generally initiating a short in a RSI trench (with a probably rebellion pattern) is low gain and risky. My plan to tackle this: 1. Avoid FOMO. 2. Wait for a position of advantage - if price returns near a flattened area of the ATR (amber line). 3. If price gets there in a rebellion, then I short with for a controlled loss. Sorry I don't give specifics nor do I give advice. I give my opinion which is quite often wrong. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
by Captain_Walker
EURAUD: STAY ALERTEURAUD could be moving into a strike zone on the 3D and 1D. I'm not saying that you trade this time frame. The point is there could be nice volatility in the strike zone on lower time frames (long or short). Price 'nervousness' tends to happen in these zones. True traders feed on volatility. The trend is overall for the upside on this 3D time frame. Massive spikes like that seen in March 2020, normally follow a rejection. But that is not uncommonly followed by rebellion back into the trend direction. Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
by Captain_Walker
DJI (Wall Street): Looking ahead for surprises. In this screencast I show some pretty interesting price action on the 1H time frame. I've used the 'theory of curves' to average out price action. The 1H is pretty risky now for trend following entries going south. The price action is looking rebellious, in that the bulls are fighting hard to keep this market afloat. There are two amazing 1H ATR switches which suggest heavy bearish pressure. But never underestimate the owners of central banks and their friends! Politricks also affects sentiment - but you can't see that influence on charts. So, there are unseen dangers. As elections approach in November in the USA, a crashing market is good for nobody. I'm expecting the ' plunge protection team ' (PPT) may become involved. Don't under estimate them - they're very powerful. Some say the PPT doesn't exist. I'm not debating it. If the PPT gets involved expect to see sudden unusual small trends north on the 3 to 5 min time frame. Often the PPT rides the back of positive news to avoid discovery. I've seen this too many times. Nothing in this post is predictive. I don't do predictions. Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30
by Captain_Walker
Aussies not looking happyThe current picture on the 3D time frame shows the following: 1. Price has rebounded to a 61.8 fib and is struggling. 2. The market has disallowed 6200 on four occasions. 3. Price is flattening in a structure zone. 4. The rebellion to current level has taken 5 times what it took for price to crash. 5. This is still a bear market as price has not nearly challenged the 6620 level. None of each of the above means anything on it's own. But taken together the probability is for the south around this time. How far south - nobody knows! The probability can change as new information emerges. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
FX:AUS200Short
by Captain_Walker
1
Bitcoin could have a near-death experience driven by FOMOIn this video I argue that there could be a limited price reversal on Bitcoin. This is about people who missed out before the big pump, thinking or fearing that they don't want to miss out the 'next time around'. So that lot pre-October 2017, are likely to jump in over the next few days or weeks. This is human nature. Caution: I predict nothing! I'm doing something different. I'm looking at the psychology of markets and some reversal possibilities. But if price goes north it's about following a reversal trend for as far as it will go.
BITSTAMP:BTCUSDEducation
by Captain_Walker