I review some price action and patterns in the DJI on the 6H time frame. This is just under the hood of the daily time frame. The picture is not good for the bulls.
I issue a stern warning to permabulls who are on DJI! Your time is over. The chart shows possible further break down of price. For probably the first time in history markets are suffering supply-demand shock. That means most things that are manufactured will be in short supply and low demand. This is due to: 1. lockdowns of consumers across the whole world, 2....
I explain why there is a long position in this drawing on my probability estimates - taken from technical indicators. Note carefully the word 'controlled loss' means stoploss which means that's money one is prepared to lose. I never avoid talking about losses, as it is the most important thing to control in trading. Disclaimers : This is not advice or...
I explain why on this particular time frame the 2H at this point in time there is a greater probability for the south. Please note carefully for every probability estimate in one direction, there is a residual probability in the opposite direction (e.g. if 51% for the south there is a 49% chance for the north). There is no way I know to accurately assess or...
Have a look-listen. I explore what happened with Gold in relation to the DJI going back to 2008-2009. Then I'm back up to 2020.
The DAX has definitely popped! Some say that the Federal Reserve and the ECB will un-pop what has been popped. I have serious doubts about that! When I was a child I tried sticking back my bust balloon with sellotape and blowing it up again! It didn't work. I think the FED and ECB will be taught the same lesson. They may blow some hot air of cheap money back...
Two continents are into a currency war - and 'nobody' knows about it, except me of course. LOL. Have a look. I start off with a 15 min time frame and look deeper into macro-economic time frames and trends. Overall the EUR has been weakening against the USD for quite a long time. The trend shows it - everybody can see it on the 3D time frame. Trend-following...
This is a key position. Shorting this means that one is willing to take a controlled affordable loss above the amber ATR line (there is no formula to work that out). This is a trend following set up - so there are no targets.
This is the Brazilian Bovespa - short take. See what happened.
I can't find a spot of good news over this weekend - or one that would make a sound difference to economies (on a longer term basis). I'm expecting (not predicting) panic on Monday/Tuesday. The markets are NOT economies. They represent confidence in economies - similar to bond markets. Seriously - it's almost all bad news out there - and the algos will be...
If this bull market collapses, those short-sellers who are in profit would need to be prepared for bull-rebellions. The 200 EMA (or MA) is normally an area for rebellion. I'm looking ahead - as I'm short in this market. I do not suggest that the 200EMA is a price target. Disclaimers : This is not advice or encouragement to trade securities. No predictions...
This is serious picture emerging right now. Have a look. I'm watching what's happening with Gold in relation to the Down Jones Transportation Index, and Bitcoin. This is all coronavirus related. In tight summary, the smart money is moving into things that store real value - the kind that's unlikely to be affected by central banks. Disclaimers : This is not...
USDCAD (1D) seems to be breaking out of a horizontal channel. It is difficult if not impossible to say whether this will continue north. The daily picture can inform probabilities on lower time frames. Disclaimer : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion...
These are exciting times! BTCUSD has been charging north up to 10,000 - and into a zone of structure. Nerves may set in. People have forgotten about the ALTS where there is now 'blood on the streets'. I review a bunch of ALTs where nobody would want to invest. Disclaimers: This is not advice. Your losses are your own.
This is pretty unconventional. Have a look. Big pump possibly coming on DJI as several central banks co-ordinate to flood economies with low interest rates and excesses of cheap printed money. Micro time frames give an idea of what could be coming. Of course, this could be good news for Gold.
There's not much interest in the Chinese stock index here on Tradingview but the ChinaA50 is absolutely important for what happens around the globe. The A50 is in big trouble and more trouble is yet to come in weeks to months. This is just bad news for the rest of the world really. I'll say no more here - follow some of the price action with me on the 4H.
Oh well - only about 5000 points of a massive drop in just over 1 week. People are asking, " Has the bubble popped? ". I go into this in some detail. I think we're at the start of the POP. This thing is serious though. I'd like to hear from others if they think this is going back up and to the moon.
In this screencast I explore some interesting features in the 1D and 3D time frames. There is a very rare VHC on the Aroons on the 3D time frame. This has not happened at least since 2008! It usually means business. Have a look. As usual your loses are your own.