Captain_Walker

Captain_Walker

UKOIL (and USOIL) are both at critical positions on the daily charts. The 200EMA shows that there is a rising trend, even if a slow one. Price has reached an obvious point of decision. Prediction is not my business, so shall not get into which way price will go. The only issue is whether an acceptable risk position (i.e. stop-loss) can be taken and what logic...

Captain_Walker Updated 

Price on GBPMXN is at a possible band of horizontal support. But at least it is an important structure level. Price has also broken the 200 EMA on the weekly chart. However, it has recovered in the in recent months from such a level. Disclaimer: This is not a recommendation or encouragement to take a position, or invest any money. GBPMXN makes both...

Captain_Walker Updated 

USDMXN on weekly and daily charts are approaching critical positions. Some key features - On weekly: 1. Price is approaching or could approach an important trend line. 2. 50, 100 and 200EMAs have been separating, suggesting the trend still has strength. 3. On there is some sign of increasing bear strength on the weekly looking at the (red) Aroon line. On...

Captain_Walker

In other analyses I paid respect to weekly positions. These are where the power truly is. Occasionally we spot a key position in the market where we can find opportunities on lower time frames. This does not mean I'm going long on this weekly. However, I'd be looking to go long on daily or 4H charts. Descending wedge patterns on occasion herald a bullish...

Captain_Walker Updated 

A couple weeks ago, I was probably inclined to short NZDCAD. Now the picture seems different. There is some disrespect for the weekly band of resistance and there is a complex upward trend that could strengthen. Sound traders shift their mindsets as new information emerges. I'm long on NZDCAD, having contracted to lose a controlled amount (alias stop-loss)....

Captain_Walker Updated 

I tend to watch trends. Higher time frames show the bigger picture and avoid much of the noise within 30 min and 1H time frames. GBPEUR or EURGBP is at a crucial stage. The following on GBPEUR taken altogether may be indicative (not predictive): 1. Very low cross of Aroons on 1D 2. Vstops (20,4) signalling change of trend on 1D and 4H. 3. Price favouring to...

Captain_Walker Updated 

Panic and doom are transformed overnight by relief, hope and greed - in what is widely known as the biggest Ponzi scheme in the history of the world. Google and YouTube are your friends. This is not a prediction - it is an expectation based on hard facts that are out there. Yes - the markets are always right as I hold no power over the future. But there is...

Captain_Walker Updated 

AUDUSD is spotted on 4 time frames. Importantly the big bearish pressure comes from the weekly. 1. There is some slight weakening of the bullish rebellion on the weekly and daily. 2. With the big wave of bear pressure visible on the weekly, I estimate a 51% probability to the down side on the daily. 3. The bulls may not be allowed much more wriggle-room on 4...

Captain_Walker Updated 

The markets are expected by me to go wild over the next few days/weeks. Expectation is not prediction in my philosophy. . There is likely to be even greater uncertainty about the economies of the world. When there is deep uncertainty, people reach for tangible ways of protecting their store. There is considerable risk that the global Ponzi scheme may come...

Captain_Walker

I see a pull back in an uptrend on the daily, bouncing off a trend line with an aggressive Williams-Vix-Fix (WVF) signal. Aggressive WVF signals tend to fail but are more reliable when in an uptrend. The Aroons are for the bulls, having originated from a cross at 50. The overall trend seems strong for the upside at this point. The trend could well fail - as no...

Captain_Walker

The difficulty with most trends is finding where the big trend is really heading. Many traders are limited by account sizes when they become tangled in the 'noise' of lower time frames. But where are the big trends going? Is that important? How can we distance ourselves from the noise? It's difficult for the 'small trader' who is forced to accept smaller...

Captain_Walker

The weekly chart on GBPMXN is at a critical stage. A fall below an important trend line (in general) does not necessarily mean trend change - it depends on so much more. Price could still re-test the trend line in coming weeks. I'm also looking carefully for an aggressive and or filtered entry on the William Vix Fix (WVF). Of course the WVF does not rule anything,...

Captain_Walker Updated 

ULTA is clearly overbought at this point in time. Now is certainly not the time to go long on this equity. Key Points: 1. Overly bullish sentiment 2. RSI on weekly is around 85 - probably the highest in it's history. 3. RSI on daily has been hovering dangerously around 80 for quite some time. 4. There is no clear RSI divergence from price at this time. 5....

Captain_Walker

AUDCHF seems ripe for a short on the 4H time frame. I make no recommendation on entry point. Key points: 1. Established down trend on weekly chart. 2. Price struggling in a band or resistance on daily. 3. 4H time frame shows an early signal of a trend change (Aroons have made an ideal cross at 50 for the bears) 4. Stops can possibly be at 0.75500 which equates...

Captain_Walker

NZDCAD is ripe for a short. There is a powerful ceiling of resistance on the weekly time frame. On the 4H time frame there is a high cross for the bears. This assessment is based purely on technical analysis.

Captain_Walker

There seems to be an inverse correlation between XAUUSD and US30. Interestingly Gold began taking off before the recent mini-crash. OBV on Gold was steadily rising whilst OBV on US30 was falling (even while price was recovering). BREXIT has caused deep uncertainty in a number of markets. GOLD has always been a major safe haven. We saw this at every major world...

Captain_Walker Updated 

I'm no expert at Elliott waves, so my waves may be wrongly counted or drawn on this. But I'm watching a number of other things adding up. I see trend strength weakening. I see OBV probably heading down in a struggling bullish market. There is a similar wavy pattern emerging, similar to that around Nov 2015 to Jan 2016. I'd be delighted if others who know more...

Captain_Walker

This line chart is very busy, comparing a few common GBP pairs. I thought it was useful to make this comparison to see what was happening with GBP by keeping the numerator common across the lot. Overall I find that GBP has been recovering in recent days, as BREXIT approaches. I had expected this phenomenon to occur. It does not mean that GBP will necessarily...