For the last 7 months after the inauguration of President Trump, we have seen the S&P rise and make new highs. This is the so-called "Trump Bump" which the President falsely takes credit for claiming that it is because of him that the S&P has been on the rise. This ignores the fact that for the past 7 YEARS since 2009, the S&P has been on an absolute tear...
Those that truly understand price action would not be calling for a BUY here. If someone is telling you price action is bullish, they do not really understand price action! Yes, prices have fallen and they have fallen as I had predicted they would to complete the Bat and head towards a nice support zone. But this is still a pretty strong drop that unfolded in 5...
So this may stir up some controversy but its not meant to be that way. Only that this is my own opinion and not meant to disparage other OP's who post trades based only on support/resistance levels. First, let me say that yes, I firmly believe that support/resistance levels are important and that they do play a very important part in determining what happens to...
Current Status: SHORT Profit: + 240 pips Did you catch that drop? It wasn't hard to catch. And if you know what is in store for this pair coming and you sold like we did, you could be in for some MAJOR PROFITS! As for us, we are already in profit by over +240 pips from our trade. The reason we took the trade is because in my analysis of this pair, I saw that...
Current Status: LONG Current Gain: +330 pips Knowing levels and zones are just a part of doing a PROFESSIONAL analysis. If you trade purely on that limited information, you are not seeing the whole picture. And if you don't see the bigger picture, you're just guessing. If someone shows you a chart and draws a simple "zone" and then tells you it can go up or down...
We just closed our LONG trade in this pair yesterday banking a nice +327 pips profit! Did you do as well? But now we are dealing with prices sitting at the minor trend line and also a POTENTIAL Bearish Cypher that is near to being filled. But what we also see is that this cypher would have to complete OVER that minor trend line! That would mean that prices for...
Did you do that? Did you just pocket +710 pips in pure profits trading GBPJPY ? Well, if you had been reading and following me, you could have! In my last post on this pair back on June 6th (see this post: , I showed you that prices were still dropping and should get to around 139.500 before turning and retracing to about 143.300. Well, prices DID drop as I...
Current Trade: SHORT Results: +475 pips and counting Back on 4/25, I posted that I was projecting that prices were moving up to fill a POTENTIAL Cypher. Here is that post: Prices didn't EXACTLY follow the path I laid out (the markets don't listen to me!) for it to get to that cypher but it did get there! And it got there rather explosively leaving behind a...
Current Trade: SHORT UTD Results: +570 pips It takes more than just identifying trade levels and trading from support and resistance in order to catch the BIG moves! But it also doesn't take 10 different chart studies and multiple indicators either! Simple is always better! Seeing the chart clearly is key to being able to see what the chart is trying to tell...
We took a LONG position on Gold back on May 9th. We rode that LONG position for almost the entire month until 5/31 and banked over +490 pips! Had you followed me, you could've done that, too! But here I am going to tell you that there is a possible HUGE move coming where you could easily make much more than +490 pips! Previously, I had posted an analysis on Gold...
As promised, I am reposting my analysis on Gold as for some unknown reason, all my studies, labels and analysis were deleted. Current Trade Disposition: LONG UTD Result: +380 pips We went LONG on this back on 5/9 because we saw it hit a strong support level and also because of the BIG picture that we see coming. Many traders right now are very bullish on Gold ...
So far, up +40 pips and looking for more! There is a nice "double pattern" here that also completes at a MAJOR S/R support zone. These kinds of setups are usually pretty strong indicator of a nice trading setup coming. For now, I've already issued a SELL for prices to get to that support zone and bank a few pips while getting ready for that nice trading...
Current Trade Disposition: SHORT UTD Profits: +260 pips Back on April 25th, I posted this post in which I said that there was a POTENTIAL Cypher coming and that when that Cypher gets filled, it would be a very good opportunity to get back into a SHORT trade to resume the MAJOR downtrend which I had predicted accurately to happen back in Feb and March. Here's...
Current Trade Disposition: LONG UTD Result: +340 pips We went LONG on this back on 5/9 because we saw it hit a strong support level and also because of the BIG picture that we see coming. Many traders right now are very bullish on Gold and rightly so since the USD seems to be on the verge of self-immolation! But we see it differently. Here's our Daily chart we...
Many of you have PM'ed me asking about what's going on with this pair after I made another very accurate prediction back 2 months ago that we were going to see a plunge happen! (see this post: IF you had listened to me, you would at this moment still be in profit by +450 pips. It had dropped as much as +730 pips! But as with any wave, there will be some...
About 3 weeks ago on March 20th, I posted this chart: where I was suggesting that we were about to see a "spectacular" move! As you can see on the updated main chart above, it has done EXACTLY as I predicted it would and is now starting on a long journey up! Probably to at least $60- $65. But in the longer term, this move up I am seeing as just the start of a...
Gold (XAUUSD) : Up Or Down? Decision Time Is Upon This Precious Metal Gold had been on a tear strongly pushing its way back up after a tremendous run down. But now that uptrend has stalled and has found it difficult to move any higher. What does this mean for Gold ? What was that uptrend all about? Was it a start of a new bullrun? Or was that just a correction...
For weeks now, I've been watching and waiting and waiting and waiting for the right conditions to present itself in this pair. Since almost 2 months ago, I had been predicting that we were heading for a significant bottom. But it was still falling. You can see on the chart the sell calls that I made on this pair where we grabbed +317 pips on the way down....