CBMotivation

CBMotivation Updated  Aug 5, 2018

I've already discussed the Yen in the "Safe haven" idea, in the links below and this pair is no different. Will the BoE raise interest rates today, I'd be surprised if they did, and it will only be 25 basis points if they do, this will send the pound souring, but for how long. While the UK is indebted to the tune of 1.4 trillion, BREXIT is still here, the...

CBMotivation Updated  Aug 1, 2018

Long term down trend remains in tact with the resistance zone @0.6850. Price is still yet to close above the bearish Pin Bar signal that formed early July, a sign the market could still sell off further & way earlier than pulling back to the resistance zone, so it's important to watch this one for the first sign of a pullback and rejection in order to get in....

CBMotivation Updated  Jul 27, 2018

I've been in this trade @129.82 26th July 13:51 and now the rising trend line has been broken post-Euro inflation rate numbers and a rise in Japanese CPI, it's time to share it.

CBMotivation Updated  Jul 27, 2018

The long-term trend weekly trend is bullish, but we've also fallen out of the Bull channel after descending from the North of the channel starting in January 2018, we're now range bound between 0.745 (stops above here) and 0.73 (target). The Aussie and kiwi are getting battered whenever China suffers and I don't see it stopping any time soon/ Let's see how this...

CBMotivation Updated  Jul 20, 2018

Trump has again decided to influence the US$, despite some pretty strong economic numbers coming out, the DXY rejected the 95.5 high for about the 10th time and the Canadians have produced some good CPi numbers, just as we hit the 50% fib level, he obviously wants a cheaper currency for many reasons. On the Charts, the DXY was divergent on the weekly time frame,...

CBMotivation Updated  Jul 5, 2018

I get asked all the time about trading entries, so here you are, this is my strategy for how I enter trades based on price action, and while price action doesn't tell you the future, it enables you to read what is happening with the most important aspect on any chart, what is the market willing to pay for an instrument, the price! This chart is a daily chart, I...

CBMotivation Updated  Jul 5, 2018

Cable has been in a long-term down trend for 10 years, it never recovered from the highs of the 2008 crash up @2.1 (those were great New York and Chicago shopping trips), we had a 50% fib pullback into 1.7, continuing the downtrend to 1.6 by the end of 2017, Cable was already falling before Brexit. Since 2017 we've been in an uptrend within the boundaries of an...

CBMotivation Updated  Jul 4, 2018

If you look at Oil on a weekly, daily and 4h timeframe, it's seriously divergent, fewer traders are long oil as it's climbed, very likely due to its manipulation by geopolitics and we're getting closer to the 61.8% fib level @76.83, bigger traders, hedge funds, and institutions are already in the trade from 30-40+. This is causing much deeper pullbacks when new...

CBMotivation Updated  Jun 19, 2018

This is one of my longterm portfolio trades, I've been a Bull since August last year and sold my position and reversed into a Bear in May, we're now back into the range box and after a pullback up to 1.55 (unless we get further Swiss strength and fall now), I'm expecting a move down to 1.13,, it may at some point pullback to the centre line, but with the current...

CBMotivation Updated  Jun 19, 2018

I've traded this pair a lot over the years and very recently had a single 800 pip trade with additional shorts adding up to 1500 pips, once this thing is trending, it's a beautiful trade. But Brexit, if we weren't negotiating Brexit I'd be Long on this pair, to not only go back to the highs of the head and shoulders pattern but, break the center line of the...

CBMotivation Updated  Jun 18, 2018

The Aussie is heavily influenced by China economics and it's use of 'hard' commodities like Iron Ore, Copper, Nickel, Coal and of course Crude Oil and GOLD, and the Canadian Dollar is heavily influenced by the price of Crude Oil and we know the state of these commodities and precious metals right now, yes heavily BEARISH! But doesn't that mean this pair rise and...

CBMotivation Updated  Jun 17, 2018

I've been tracking this fun pair for some time, long-term we're in a bearish channel coming off the 2010 crash, and we're rotating nicely down through the channel, we hit the top of the channel October 2017 and we're now on the bearish leg, having failed a bull push back up through the descending trend line which has now been respected by formation of a lovely pin...

CBMotivation Updated  Jun 17, 2018

Long-term all currencies are falling, it's simply a case of comparing which is the weakest and which is the strongest in the time frame we trade, choosing a pair that is falling at a similar pace together is a dangerous strategy and it's incredibly important we get the entries right. What has not been going down is Gold, I've been bullish Gold since the 1040 lows...

CBMotivation Updated  Jun 17, 2018

Did you get on in that last move down, I hope so. I'll be posting my Euro / USD trades here as the pair trend down towards parity 1.0. This will not be a quick journey, it'll take years to get to parity, and the Euro will fight back, but there is now no reason unless we get some major strength in Europe and or major weakness in the US for the next 6 months,...

CBMotivation Updated  Jun 15, 2018

This pair has been range bound since April and has been in and out of the range area bouncing off a rising trend line since 2015. RSI is now declining after rejecting the high of the channel for the fourth time and I'm setting a buy order @0.74 with a trailing stop below previous support and the trend line down @0.73 so reduce your leverage to ensure it's within...

CBMotivation Updated  Jun 6, 2018

This pair has been in this descending channel for three years, with one major fall out in 2016, re-entering the highs of the channel Dec 2017, and we're now approaching the higher edge of the channel with either a move lower inside the developing Head and Shoulders pattern, after a move up to 110.5 - 111 or we break out of the channel, for a much bigger move to...

CBMotivation Updated  Jun 6, 2018

Over the next few day's we have various reports coming out for this pair, and we have the Brexit negotiations going on which, will almost certainly have a negative impact on Sterling. Interestingly, both economies are performing well when viewed through the prism of reporting metrics but compared with the US$, Sterling is still going to be the underdog, but while...

CBMotivation Updated  Jun 6, 2018

This pair has tested 128.6 three times since yesterday and rejected this level many more in May, we have a clear divergence indication on the RSI with declining volumes, meaning fewer buyers are joining the market and it's unlikely this level will be broken without a pullback to a level sufficient to bring back in the buyers. The Eurozone had a PMI report as...