I've been stalking coffee in the background from many weeks. It's looking pretty ripe about now for taking a controlled loss (aka stop-loss). When coffee moves, it really moves. This is a longer time frame trade, which I do not usually get involved in - but it's probably time for me to get involved in one or two of these.
I'm in, short on the XAT, following initially a 30-min microtrend which is coincident with a potential turning point on the Weekly time frame. In effect this could be a microtrend nested in a macrotrend at this point in time.
In the screencast I show the evidence of a setup that is approaching, for a nice controlled loss. Loss? Nobody want's to hear about that - but it is exactly what we do! Key points: 1. Alternate ABCD pattern with a C-point at 50% (Scott Carney criteria). 2. Zone of congestion. 3. Probabilities for the south based on ATR-based indicator and GMMA. 4. Time...
Well, well - Ethereum and Bitcoin have left many speechless in the last 24 hours. The unthinkable just happened i.e. major pump north. I could well be another dead-cat bounce as well as it could be the start of a major trend change. I explain how I entered this, which is now at a no-loss position and what my strategy for it is.
I'm being asked by people (I didn't say on Tradingview), "Where is the pound going?" This is the wrong question and I explain why. 'The pound (sterling)' is not simply GBPUSD. In the screencast I show opportunities on different time frames. Overall I conclude that (at this point in time), most significant trends are pointing for the south. That doesn't mean that...
Most of trading and investing is or should be stalking the markets for sound entry positions. In this screencast, I show that there could be an interesting opportunity for a long term trade on TATAMOTORS.
This is a short take on Silver which looks like it is about to break north through a zone of resistance. I'm waiting for a a better signal but I'm getting prepared. There could be a serious bull run on this, as everybody will be watching for the same break.
This is a quick multi-timeframe overview of NZDUSD. NZD pairs are well known to be very volatile.
In the screencast I show hard evidence from the chart refuting media reports which say that a bull market on Wall Street is back. This evidence is available to everybody. There has been a bull rebellion over the lat 4 weeks but that doesn't mean that this is a bull market - at all! If you're a forex trader or stock trader this is important. Why because what...
There is a visible broadening wedge pattern better seen on the 1H time frame of Wall Street. It is basically a megaphone in a horizontal direction. There are probabilities for both the south and the north. Guesstimated ranges of price are shown - but this is not a prediction, as I do not know the future. The markets can do as they like and 'disobey' any...
Scallops are broad patterns as shown in the chart. Whilst de-dollarisation is happening at a slow macroeconomic pace, coming from Russia, China and Japan (largely), it doesn't mean that the US Dollar will simply roll over. The pattern of the scallops is quite visible. Now the US-Dollar is at a critical point and making attempts to do another scallop. I don't...
The last few days has brought home some important insights about of currency pairs. The pair is a ratio of demand of one currency over another. I couldn't go into every aspect of this in the video in just 10 min. Based on my observations (which are not rules): 1. All pairs quoted in US-Dollars are vulnerable, as the Dollar heads south around this time. 2....
I'm no expert on harmonic patterns but this looks probably right. As usual I predict nothing. This could be about to reverse on this time frame. If it does - how far south is the other problem. :)
In this screencast I look at GOOGLE which is Alphabet, Apple, Netflix, Nvidia. The picture of meltdown is serious. Google is at a key level of congestion which could break down. Overall the technology sector stocks which dominate Wall Street and other indices across the world could cause a domino effect.
This is a follow up. I'm watching some fall off in momentum on AUDCAD from daily down to 4H time frames. On the weekly time frame price has moved into an investor zone and is struggling. At this point in time I assess probability as greater for the south between 1D to 4H time frames. The markets may well prove me wrong. For every probability in one direction...
The BOVESPA on IBOV index is not popular on Tradingview - just once posted before now in 2017. This is probably the last of the indices to make a serious move south, as the expected global economic meltdown sets in. The BOVESPA is a wild one and requires a load of equity to trade on a live account. This does not mean that we cannot learn from its moves. It's...
In this screencast I review 8 important markets. There are some common levels and patterns of price movements. The India50 is the odd man (woman) out. The forecast of a global recession has been made (not by me). This is related largely to global debt now standing at around $233 TRILLION US-Dollars and debt in America currently around $22 Trillion US-Dollars....
I compare the situation at 01/01/2019 with a few days previously (see video 4 min mark in screencast below). I've extracted value in this experience because this scenario and one similar in ETHUSD, leads me to a better confidence about spotting trend weaknesses and getting earlier on trend changes. I focus on curves in relation to trend-change indicators.