The shadow banking system is something you're probably not familiar with. Until today! the shadow banking system is made up of mainly investment banks i.e. your market whales or market makers, money market funds i.e. like schwab and vanguard, and hedge funds. these financial entities dont give out loans to you or I, but rather trade amongst themselves. which...
As of late, the vast majority of us probably have been hearing about "too big to fail" or " a free market vs. a central market" What does all of this mean?" Well, let's go over some of the basic stuff. As in some of my prior posts, it is important to understand that the "Fed" does NOT control mortgage rates or loan rates from your local banks. Let me repeat that...
Interesting situation with the collapse of SVB (SIVB), the people have yet to realize we control the market not the central planners. and the collapse of SVB is a realization of that power. So , here is what i know from the very little articles and podcasts that I listen to and I will give you guys the why its important. From what i know is that SVB business...
With the New Year here with the Fed fighting aggressively to battle inflation i know there are a lot of rumors floating around the FED either lowering, maintaining, or increasing the FFR (federal funds rate). none of this matters in my opinion. why? price goes up and buyers slow down. Because, the FED jacked up interest rates so fast that they did not allow...
Good Morning All , It has been a long while since I posted, but it has also been along time since I have been active in trading as well. i squared off my positions and just been speculating and watching the craziness that continues to unfold. For some of the OG Traders out there you might have come across my stuff in the past, but for some of the new guys new to...
Here on the Pound/ Dollar (GBP/USD) we have a bearish deep gartley. this just means that the completion of the ABCD pattern that makes up the ABCD leg of the overall XABCD pattern completes past the 786. The pattern completed with the RSI being in the Extreme it came down past the mid line of the oscillator and back to the extreme. it also created a little bearish...
Here on the yen we have a Bearish ABCD Pattern. Price Rocketed up to the completion point. now we will be keeping an eye out for what the RSI will do we are looking for a test of the 50 line and then return to the extreme. when it does we enter when the RSI is on its way out of the extreme again!
Hello all my Crypto traders. I hope none of you panic sold your positions... As I don't follow BTC or any crypto news i am not sure what spurred this much needed sell off, but if you're looking to re-up on your positions this is the time. About a week or so ago I drew a 707 ABCD pattern and the pattern held up but ultimately failed. Now, we have a Bullish Bat...
AbbVie has been on my radar now for quite a bit. It’s one of the few Pharm. companies Warren Buffet holds and even know I’m not strong in the realm of Pharm. I have seen their marketing on TV increase quite a bit. Since I am away from my computer at the moment and posting from the TradingView App. I do not know their financials right off hand. I will update this...
Okay, so this is my first time posting a pattern with the HPC Software from Scott Carney i have had the software for quite sometime now, but hardly use it or even have it turned on... i just feel like i can pull patterns better than the software can. either way here on the Euro Aussie we have a bearish Gartley on the daily. the pattern has completed, and we have a...
Here on the Euro/ USD we have a Bearish ABCD Pattern. Now this is as contrarian as it gets. The stock market is super inflated, Bitcoin (BTC/USD) is figuring out if its going to bounce or dive... overall this is an interesting picture. from the technical stand point we are waiting for the AMP-RSI to return back to the extreme area and on the candle that drives the...
Earlier this this month i drew this Pattern and have been waiting on the completion of it. The pattern is complete and the blue line represents the make or break point of the pattern. if a candle closes below the blue line the pattern is invalidated. i put a note stating I'm waiting on a complicated structure to form to justify the entry. we are now forming that...
Monster Energy is an odd company, because when was the last time you saw a Monster Energy commercial? probably not at all or it was a really long time ago, now when i ask the same of its Austrian competitor Red Bull probably more recent depending on your preferred media choice. Now, when I say energy drink what comes to mind? Either the Red Bull can or the...
Bank of America (BAC)... this company is found in Warren Buffet's Portfolio and once it becomes a bargin price it will be found in mine too. I follow the advice layed out by The Oracle of Omaha. The company financials are very weak from a value investors point of view. The total revenue has been flat line at best for the past decade and when your operating income...
this pattern started off as a Bearish - Shark Pattern but as you can see PA came to the .618 and is now starting to reverse and head the other way. These 5-0 patterns are rare and not often completed as the shark pattern continues in its intended direction. The Shark Pattern was completed with PA reaching the 618 of the pattern but if this candle closes as strong...
Here on Brent Oil we have a bat pattern (much cleaner than West Texas) the Grey Box indicates some areas of confluence. the middle of the box is the .886 of the XA leg. the low side of the box is the 1.618 Fibo Extension of the ABC legs of the pattern and the top range of the box is 2.0 range of the BC leg. this area has proven on the left to be quite powerful...
Here on Oil (texas tea, black gold) we have a (dirty) bearish Bat pattern. the yellow line indicates the completion point of the pattern. Be mindful of the pattern completing throwing a few indecision candles and quickly reversing. the yellow line indicates an area of strong contention. Looking left we see the majority of the times price recaches this area price...
I was stopped out on the last pattern i posted on this pair and now entered on another pattern. An alternate Bat pattern. In the white ellipses we have where the HSI Arrow printed in an area of extreme reading then PA came down out of reaction and both oscillators made it at least the 50 line respectively, and then did the HSI "Check back" that Scott Carney uses...