Hello all, on the heels of my most recent published report (A word of caution to investors - deflation is getting serious) I thought it would be of benefit to take a good look at the stock market and really try and quantify the risks to investors at the moment. The problem with the stock market is that it is a business where when prices go 'on sale' no one wants...
Hello all, I am constantly astounded at how well this little WDB Options model I put together is at finding the bottoms of markets. Here is an update of one stock that came up on our screen back last spring. The chart really speaks for itself as we have steadily moved higher from the signal levels - again astounding. The long and short of this story is if one was...
Hello all, I have been working on an idea for a while and it seems to me the market is trying to confirm that idea - deflation is our primary concern, not inflation. This is such a concern for me, I thought I ought to bring it to the broader investment communities attention and am doing so through this TradingView platform. The chart here is a comparison of the US...
hello all, while scanning the broader market I recently stumbled upon the energy sector's ETF (XLE) and the message I got was startling to say the least. Energy itself has been on quite a run of late but it appears as though that rally may have run out of steam. Indeed, the Double top registered through late July looks rather solid and support levels look a long...
Good morning (4AM pst atm here in Vancouver) Well, this isn't the kind of chart bulls want to wake up to on a Monday morning! After a 3 day consolidation, the significant trend line off recent lows was lost. This suggests to me those lows themselves want/need to be tested. Neither volume nor momentum is of help to the bulls either. Moving average resistance now...
Hello all, I thought I would take some time to bring this community up to speed with my perception of BTCe's current price action and my expectations going forward. As regular readers of my blog and viewers of my videos will no doubt already know, I was on the verge of taking a long position in BTCe with a nice move through the $629.60 level. Of course, that move...
Hello all, regular readers will not be too surprised with today's offering. I have been watching this potential 4 hour bullish BoT setup (BoT = my way of playing ab=cd harmonic price patterns....to learn more please refer to this guide: docs.google.com) for a few sessions now. I thought I would take some time today to comment on that setup and how it currently...
Hello all, as I pour over the charts this morning, I see lots of potential going forward. It has only been a few days since exiting our last setup and the market is starting to offer new ones for consideration. I think I mentioned we had a nice double bottom to work off of recently and as one can see from the 4hour chart, that has hit its 50% objective. It...
Hello all, I was recently asked about Boeing Corporation (BA) and so I thought I would take a few minutes today and take a good look at how its chart looks. I was asked about 'investing' dollars and when ever I consider an investment it is always best to work off the higher time frame charts. The weekly chart gives you a nice broader picture of price action and...
Hello All, after an excruciating past six trading days, BTC shook me out of my short position late last night on what was a classic 'head fake' move. Fearful of a winner turning into a looser, I micro managed myself out of a very respectable position only to watch it shortly thereafter go exactly to the original target (UGH!). While there is nothing wrong with...
Hello all, as we approach the official news release of the Silk Road auction price has moved into an interesting location. As was mentioned previously, the move through $610 over the weekend has registered a wide double bottom off the 38.2% Fib level off the higher time frame charts. This bodes well for BTC over the longer term, however, when we drill down to...
Hello all, Thought I would quickly post the 4hr chart on BTCe just to give you an idea of one setup that has come alive for me today. With the move through $610 we have confirmed a nice double bottom off the 38.2 Fib. Levels for the setup are outlined on chart above. While a this trade has a bit higher level of risk, this setup is perfectly justifiable and as long...
Hello all, While it is sometimes hard to find a good working example of trading plan setups to show you, it is almost unheard of to be able to show all three within one chart window. Today we are luck because BTCE's price performance over the past two weeks has done exactly that. Two of the setups shown have completed themselves (bullish 50% level test off double...
Hello all, While I am really not surprised, it would seem one of our WDB options setups is looking technically quite bullish at the moment. To that end I thought as apposed to just updating the original post I would take the time to review the trade in earnest and publish a new one. The notes you see on the chart are the same from the original post. I did that on...
hello all, Bitcoin's dead cat bounce off the key 4hr 38.2 Fib tag (582.37) has played itself out. If that low does indeed prove to be 'the low' that will bode well for BTC going forward (bullish reversals off 38.2 tags are indicative of a strong market). Additionally, higher time frame analysis suggested we needed to work through a correction-time-window that...
Hello all, Today's post is more about professionalism in the face of failure then reporting any new setups. Recently, I had started to make the case for the Alt coins and their long anticipated catch-up rally to BTC. While I still do feel that scenario has a high likelihood of playing out, this production is all about LTC's recent failure and how I acted in the...
Hello all, hope you are enjoying the nice weather and even nicer stock market rally of late. It is a bit surprising to see the S&P 500 move to new highs into June but when a bull is charging it is often dangerous to draw lines in the sand. One can often get run over at best and even bankrupt oneself at worst. Regardless, a while ago I published this chart about...
Hello all, A trader's journey is one of self discovery. Learning to identify and then appropriately trade 'setups' is really about finding what you are comfortable with. It took me many years of self discover to find what works for me as I am sure it has for you. To that end, I found one model that I really like and it is my privilege to bring it to your...