I stand corrected on what I published last Monday right before the Asia session, I think a rushed analysis and when you see what you want to see in a chart to support an idea, it can all go wrong. Or did the USD$ have such a bullish week to turn the charts around in such a short space of time. I don't know but both the Daily and Weekly chart of the USDX have a...
Video is a trade I was on for educational purposes working on the very low timeframes. I noticed that on the Daily a neckline of what appears to me to be an M-TOP breach at the neckline. Think double top that has travelled down to the weak. part of the structure. More to follow
Here is another example of trading on the very low time frame. I was live here trading and I had 2 Short positions, one of which I close during the video. I would not say that being on the very low TF's is better. But what it does allow for is to see the way price is moving in the lead-up to the low timeframes 1-15 minutes. Down on the very low TF's you will...
Hey guys, This is an educational video approx. 10 mins. (may less I didn't check) on low timeframe trading so especially the 1-5 minute charts and combining it with very low timeframe charting 45 seconds down to 1 second.
The volatility has settled in Gold trading for now. Price has kept support at around the 50 to 55 level. So Gold has propped up during Monday. It really has not even looked like selling off and I trade Gold a lot and I can usually tell when they want to reverse the price for a bit. Buy around current price57,000 or 56,950 xauusd. Stop under a recent swing low...
If I got pre-emptive about an hour ago calling for Long-gold at 2655 or thereabouts, if that got you a stop out then my sincerest feeling for you and I would like to make it up to you. I have to literally pinch myself every time I take a trade here in currency or patricuarlly gold, becaues volume is reduced until London opens for business. Anyway I will be...
I won't comment much, I think you can make your own minds up looking at the chart of USDX, 1 x daily & 1 hourly chart and its the lower timeframes that are looking bearish for the US currency going into less than 2 weeks before Christmas.
You will see how and why the last RSI trade was very strong on this 4hr for gold. Well I usually run a 9ema 21ema and 50 or 55ema. You got it in 1. We don't pull the trigger too soon on an RSI or Stochastic XUP (oversold) or XDOWN (overbought) on the respective 20 / 80 levels on the Oscillators. Look at it this way. The crossing up or down on the 20 / 80...
The intraday chart around the 1hr and 2hr is a tad hectic with double / triple top, so the daily chart here has a triple bottom for structure support and a head'n' shoulders pattern which I dont think has triggered quite yet. This trade I recommended on Monday for a long position and these price levels are a bit of a bargain. If you wanted to buy in I would...
XAUUSD folded under pressure from GBPUSD sell off about 2 or 3 hours ago following Great Britains's GDP results which did not support the Pound but rather the USD. Price wound back from mid 90s to about 70s (early 70s). A double bottom has formed on TF's 5m through to 2hr. Basically, gold found support at yesterdays selling low and support level. 2673 at the...
If there is 1 pair that has caused some up-down-up-down crazy, frustrating, manipulated-maybe price-action, stealing the show the past month or so would be GBPUSD. Further falls over the past 16 hours or so, with USD$ rallying following CPI data for USA. Well now its Great Britain's turn with the data in less than an hour. GDP is being released in the UK....
Yes, it is all Aussie dollars lighting up today, Thursday. I also bought this one not long ago. I will take it longer term I think, especially if this bullish momentum continues from the very oversold lows.
The AUD getting a good bounce from a very oversold AUDCNH. Price has rally'd and has formed a Top2 on 1HR. Look I think this is taking a bit of the wind out of the sails. I expect it to break-upwards again soon and it will short circuit this double top on 1hr. My feeling is that the horse has bolted and this will breakout much bigger today across all...
See the daily chart and my white 200ema. I always like to see price respect the 200 and you can see this with a bearish daily candle down from last Friday and then Mondays Candle opens very supported by the 200ema. I am seeing other things on on intraday timeframes for example price is about to burst upwards out of a triangle. 3m time frame looks like price is...
It's the big banks who are ultimately buying very low and riding the bigger waves. Here in the daily chart for AUDCHF and its recent price history whilst generally getting hammered lower into the oversold condition. Money can be made deep and low in price here, but it will only work if you get it deeply oversold around recent price history, where it has...
XAUUSD has tried to get over 2676 a few times, its getting pushed back down to 2672 and is moving in that range, but it looks to me like its charts are coming into bullish aignment across the timeframes and the Daily, Weekly, Monthly are great for bulls.
This one is travelling nicely in all of the high time frames. It seems to be the Pound is strong at the moment. At least against the banana republic nation Aust. & the sheep nation NZ.
I wrote about a turnaround for GBPNZD about 10 days ago, buyers could be seen coming back into the pair. Then I went back a few months to the last bears-rally passed back to the bulls in GBPNZD and it could be seen that is was a fast and clean transition back to the bulls. So I have not looked at the chart much lately, until of course today. But here is why I...