Mayfair_Ventures

Mayfair_Ventures Updated 

US strength could be the LPSY of the AUD - this means we could get a high to the BC, some rangebound moves and then the drop to around 74000 level. in terms of Elliott, we are either in the 3-4 down or if we get a new high here it will be a fake-out and then down. Disclaimer This idea does not constitute as financial advice. It is for educational purposes...

Mayfair_Ventures

Supporting the previous post of a DXY move down. I would like to see EU make some new highs up towards the next major zone (in blue). COT data suggest we are currently favouring a long position from both asset managers and leveraged funds. with a 96% bias on the asset managers. The Leverage funds have slowed down the selling of the Euro from mid-Jan. So again,...

Mayfair_Ventures

Still working on the premise of a weaker Dollar for another couple of weeks. However, I don't think the DXY drop will be as severe as some of the publications on-line are suggesting. From what I have read the general consensus seems to a "pick me" year should we tackle the Covid-19 situation. However, that play is too obvious. The top earners accelerate their...

Mayfair_Ventures

As per the last post on NZDJPY - I think the move down on NZDCHF is coming a little sooner. Both suggest a shift in the NZD as the driving factor for the bigger move. looking at the monthly we are closer to the regression top. The weekly is already above Regression. And all major timeframes (Monthly, Weekly & Daily) are Stochastic overbought positions....

Mayfair_Ventures

looking at the monthly structure, we can see a strong A, B, C pattern playing out - moving to the top of the regression. This is supported by the Stochastic being overbought. From a COT perspective, the numbers show a rise in NZD buying throughout Jan for the leveraged funds and the inverse for the asset managers. Shorts have been steady with a sharp rise on...

Mayfair_Ventures

What is retail sentiment? Have you ever noticed on your broker site that it has a statement along the lines of "70%+ of retail traders lose money"??? This is directly related to retail sentiment - in short, institutional money make their money on others losing money in the online marketplace. Every forex trader will always have an opinion about the market. ...

Mayfair_Ventures Updated 

Some interesting info on Gold. Reading a couple of articles on Gold. I feel the general consensus is Death to Dollar & Strength on Gold. I feel the Global pandemic has shifted the normal correlation across the entire market and possibly every instrument. If you look at the spike in the U.S. 10-year Treasury yield, dealing gold a series of setbacks. This is far...

Mayfair_Ventures

This is NOT an in-depth explanation or a way to trade, this is just highlighting some basics from a question I get a lot, you might see some traders talking about COT data. You may even see it in some posts. There's no magic to it, all you need to know is what exactly it is. Of course, if you can use it within your edge to understand some bias by the bigger...

Mayfair_Ventures

The third test of 3 using different pairs. GBP, Euro and US Dollar. Not a trade to copy. Just testing live hence the posts. Have a good weekend. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have...

Mayfair_Ventures

Playing with some ideas, not a trade to copy - testing key levels as part of a bigger picture. Hence up to then drop down. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times,...

Mayfair_Ventures

Ideal situation - Sunday open with a Gap up. Or Gap down and fill to the upside. Looking for an entry around this level + a few pips above. Testing some key levels. FYI 100% - this is NOT a trade idea for following, just testing behind the scenes. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our...

Mayfair_Ventures

The truth is - Indicators are only what you make them. 9 out of 10 indicators lag. The rest are used by so many people that it creates a type of unconscious bias. And above all else can clog up your chart as above! That's not to say indicators are pointless - far from it, it's more about creating a bias and using indicators or chart patterns as a confirmation...

Mayfair_Ventures Updated 

This trade has been playing by the rule book 100% of the move. Each structural schematic, Elliott wave - back up and down the Regression channels and so on. Expectations have been met yet again, see the Order Block image (Green ticks, Red crosses) from the previous post. AUD has just come back to collect its liquidity pool and trapping some traders...

Mayfair_Ventures

There's a great image available if you just search in Google - look for "The Wall Street Cheat Sheet" - Markets move in cycles, which is built on human emotions. There's plenty of research available on this. If you look into anything like Elliott wave theory, Gann fans & boxes, Wyckoff or simply Fibonacci, you will find (in the end) it's all based on the...

Mayfair_Ventures Updated 

Gann fans are a form of technical analysis based on the idea that the market is geometric and cyclical in nature. A Gann fan consists of a series of lines called Gann angles. These angles are superimposed over a price chart to show potential support and resistance levels. 🌀 The Gann Fan was developed by W.D. Gann. 🌀The Gann Fan is a series of angled lines. The...

Mayfair_Ventures

As this pair is currently in an overall uptrend it's only now nearing its 4th wave completion of a weekly Elliott wave. Supporting this aspect of the move, there's a 5th wave extension measured with Fibonacci levels, just under a daily imbalance zone (further magnetic pull to the downside. You can see the basics of the Elliott move - I have highlighted it using...

Mayfair_Ventures Updated 

I've had many DM's about our indicators and methods after posting one of our last posts on Bitcoin, so wanted to post another with a simple breakdown of the analysis method. We usually start off with a weekly or/and daily view of the Elliott structures. Once we have a feel for the overall direction, I move into looking for key levels. This can be done at areas...

Mayfair_Ventures Updated 

Many new traders face a magnitude of problems early in their trading journey. One of the biggest dilemmas is caused by the vast amount of indicators available. There are the free basic indicators like RSI, MACD, Bolli Bands and the list goes on. Then you have custom indicators - Paid for, free trails - each offering their own edge. The issue is not what they can...