Captain_Walker

Captain_Walker Updated 

The position shown is a potential crash zone. I'm well aware that 'everybody' thinks BTCUSD is going to $100,000 soon. There are problems ahead that 'everybody' is not factoring in. Firstly the technical set up is showing something important in this analysis. Bitcoin has had a major long run up to approx $58,200. Next - there is an important trend switch....

Captain_Walker Updated 

I've been watching price action in the last few days on AUDJPY. My balance of probability is 51% for the south, leaving 49% for the north. I know 'everybody' wants better odds than that. Well, I did say it was tricky - at least for me. My estimates are based on my analysis. Not a 'feeling'. I wouldn't be trading this time frame anyway. I'd be looking for a...

Captain_Walker Updated 

This is a 15 min time frame, trend following set up. Price action looks uncertain and nosing slightly south. As a trend follower, you know that you have to give the market much room to oscillate. Trend is more important than price. Nothing in this set up means that I know the trend will continue south. All I can do is take an affordable loss. Hence, you find...

Captain_Walker

Well, it is one candle at the leading edge. We cannot know if it means anything until stuff happens. Those who look for predictions that foretell the future are in the wrong game. In trend-following methodologies, one would ride an escalator down or up - on a smaller time frame that that shown here (to conserve losses). When you zoom out of this chart, you see...

Captain_Walker Updated 

'Everybody' knows that the US Dollar is gonna die. Right? The prevailing wisdom is that QE Infinity will tank the Dollar. Well, it's not that simple. The Dollar's strength depends on numerous other factors, the key one is demand. Ahhhh.. so the USA - if you believe it - has conquered COVID-19, and international trade is about to be kickstarted. Or so the story...

Captain_Walker

Gold is really about the US Dollar strength. I've shown the inverse correlation in other charts before, but not on this 15 min time frame. The relationship is startling. So - if you believe the dollar is going to go significantly north, there is hardly any point going long on Gold. If you believe that a Dollar Surprise is coming (see my post on that), then...

Captain_Walker Updated 

Head and Shoulders is one of the most reliable patterns in trading. You could find the stats on this - I've long forgotten them. Many H&S pattern fail and you have to be prepared to take controlled affordable losses when engaging them. But when they do fall in your favour, they could be big earners. As always, these patterns do not 'predict' - they create...

Captain_Walker

It's a kill zone. But note carefully there are losses here. You can't win in this business unless you're prepared to lose! I would welcome arguments on that one. The chart shows that the rebellion of price looks powerful but on the squeeze momentum assessment it isn't that powerful. Price movements tend to scare new traders. Well, okay - if you can't take the...

Captain_Walker

Often times traders want to know if an instrument's price is going up or down. It's an expectation of some sort of prediction. The problem is that price could be going down on one time frame but up on another. How is that possible? It's just a matter of perspective. You could see price move down on a 1 minute time frame but that's not so important. Really -...

Captain_Walker

Ahoy! There is money to be made and lost here! 🤦‍♂️😂 I'm short with with an affordable loss. Others may wish to go long with an affordable loss. It's not about how right you are but how much you limit your loss if you're wrong. This is a nice one for new traders to experiment with on a paper trading account. 👊 Trading is a strange activity i.e. you can't...

Captain_Walker

Sharp ATR switches usually mean something for true trend followers. The chart shows an important 2H trend switch. As always, with trend following it's not possible to say whether the trend is going to end soon or whether it'll continue for longer. This could even be a minor correction in a daily trend, but how would you know if it's not the start of a new trend...

Captain_Walker

The disconnection of the DJI and USTech100 has happened before for short amounts of time. In the last limb of price you see this happening. The question is 'what happens next?' Unfortunately my crystal ball broke a long time ago, and I'm not purchasing a new one on Ebay. 😂 This is one to watch. The H&S on the USTech100 is not predictive. There are also some...

Captain_Walker

Well some are aware that a mission called 'Perseverance' successfully delivered probe on Mars. So It looks like Bitcoin is heading there too! I'm so not green that I stayed out. Who's winning in this? A few big players and lots of small players. Who will be the losers? A whole pile of smaller players. Sorry - I think this is a casino. I'm out of it. It may not...

Captain_Walker Updated 

There are some key levels to watch with Gold. This is a nice one to see if and when patterns may repeat themselves. Two areas highlighted in yellow show some similarity. This could be a short on a lower time frame. If shorting and you cannot take loss on your stop-loss, leave it alone. No suggestions given for positions and stoplosses. Price and price action...

08:47

Captain_Walker

Following the recent pump on silver up to around 30, many have been scratching their heads about the dump down to around 26. There is word on the block that Silver is heading to 500 but the so-called gurus are not saying within what time frame that might happen. The chart time frame shown is a macro-economic one - the weekly. Always look higher. I highlight...

Captain_Walker Updated 

This is a long position and it's a bit late for entry. It's worth watching though because of the 'theory of curves', for experience. TOC trades are difficult and are trend following. There are no preset targets and stop-losses are difficult to define. Losses can be heavy but gains can be well in excess of 'harmonic-type' trades. Exiting this sort of trade is...

Captain_Walker

If you thought the DJI was overvalued, have a look at the India50. This thing has outperformed loads of other stock indices, even rivalling the Brazilian Bovespa. They've certainly passed the moon. Could the next stop be Mars? Well I think a significant correction is well overdue. Of course, I don't know when that might happen. The show could start with a 5 to 15...

Captain_Walker Updated 

In this chart I dig deeper into price action and trends on the DJI on the 4H time frame, exposing a potential trap - mainly for new traders and some seasoned traders. What you don't see is most important. Lots of indicators in here - requires study. I use them only to expose what's happening. In other charts/videos I've shown that the DJI is weakening based on...