Key Dates 12th Jan 19: US Inflation 18th Jan 19: Jap Inflation Key Event *passed*: US Bill n Mexican border wall > LT Trend *will* be long. Jitter has passed. Will consider entering if: - Bullish trend is established by candle (Strong bullish candle), - passing the middle band of BB, - no other disruptive events, - and econ data = supports bullish trend.
i didn't foresee tht it will pull up i questioned why t.i - didn't show tiing: friday arvo - start of london = the big change. change geography = change of micro trend. that is what i could point out
Mock Trade Entered in IG Entry 105.65 Exit 105.09 Milenial building wealth Vindale: tryvindale.com Swagbucks: www.swagbucks.com IG: www.ig.com Open an account with IG and get $100 by clicking the ink above Binance: www.binance.com Blog: moneysmartt.blogspot.com.au
Will enter mock trade – short. I will enter @ .772 – because look at the wick of the recently closed January month and the recently closed week ending Saturday 10th February 2018, the body bottom closed I will exit @ .758 – because at .75 is a strong support, to go below .75 it needs serious flaw in AU economy or a serious goodness in US economy which neither is...
After FOMC decision last Friday, USDJPY went up & AUDUSD went down. I was beating myself for not just entering a long trade. >Lesson: I will stick to conservative trade - no confirmation @ Monthly chart = no entry.
End of Week Review Sunday 27th January 2018 Monthly Chart Candlestick: Red Marubozu It falls back within the parallel lines. It cannot go above it. It bounced off strong W support of 108.6/108.1. !! Q1 is will it break the strong W support of 108.6 – 108.1 Q2 will it go down to 107.4? Q3 or like September 11 weekly candle, will it just bounce back up...
End of Week Review Sunday 27th January 2018 Monthly Chart Candlestick: Red Marubozu It falls back within the parallel lines. It cannot go above it. It bounced off strong W support of 108.6/108.1. !! Q1 is will it break the strong W support of 108.6 – 108.1 Q2 will it go down to 107.4? Q3 or like September 11 weekly candle, will it just bounce back up...
End of Week Review Sunday 20th January 2018 Monthly Chart Candlestick: red bearish candle long bodied and short wicks It falls back within the parallel lines. It cannot go above it. EMA 7, 12, 50. 50 is already above 7 AND 12. >Downtrend is already established. BB sd 2 In the top band – but on the bottom edge, will break through if it solidly broke through...
End of Week Review Sunday 20th January 2018 Monthly Chart Candlestick: red bearish candle long bodied and short wicks It falls back within the parallel lines. It cannot go above it. EMA 7, 12, 50. 50 is already above 7 AND 12. >Downtrend is already established. BB sd 2 In the top band – but on the bottom edge, will break through if it solidly broke through...
End of Week Review Sunday 14th January 2018-01-14 Monthly Chart Candlestick: red marubozu The resistance level = 114.282. It touched with its wick – the tip of its wick. The body is at = 112.5. It broke through support line of 111.74. The body ends on 111. The support and resistance level it is boxing on = 114.2 and 111.74 (the month hasn’t ended yet) or...
End of Week Review Sunday 14th January 2018-01-14 Monthly Chart Candlestick: red marubozu The resistance level = 114.282. It touched with its wick – the tip of its wick. The body is at = 112.5. It broke through support line of 111.74. The body ends on 111. The support and resistance level it is boxing on = 114.2 and 111.74 (the month hasn’t ended yet) or...
End of Week Review Saturday 18th November 2017 Review of econ calendar and business calendar: - Japan GDP met consensus - US core inflation slightly exceeded consensus and forecast, but declined from previous year - US inflation exceeded consensus and forecast but declined from previous year - US house building permits greatly exceeded consensus and forecast ...
End of Week Review Sunday 8th October 2017 Monthly Chart Candlestick (October is the completed one): bull is less strong, stopped at 114. - SMA: slow moving prone to spikes – less weight on recent periods good to show trend for longer periods >> SMA: **showing plateauing – SMA 7 is below SMA 20**. - EMA: faster moving > prone to false curves incorporate more...
End of week review Sunday 8th October 2017 Monthly chart must confirm downtrend – the confirmation is October month chart (even though D, W and 4H have gone bearish). The S/R levels .788 .784/.783 .773
End of Week Review Sunday 8th October 2017 Monthly Chart Candlestick: October hasn’t completed, but September = very bullish marubozu appeared. EMA 7 crossed upwards Parabolic SAR still shows an uptrend Stochastic is edging towards 80 (ie overbought) RSI idem ADX = low = 20 & declining. > ranging. Bollinger band: it is nudging into upper band Momentum is...
Sunday 17th September 2017 EOW review AUDUSD is at the .800 level It is hard to say that bullish will continue Because fundamentally there is no fundamental supporting AUD to be getting stronger Monthly: EMA 100 is still above and 20 is still on the bottom > still bearish BB already touched upper band line Candlestick: September is not completed but hammer...