Mayfair_Ventures

Mayfair_Ventures Updated 

There's a turn in the trend due around the 30th as part of the cycles. This lines up with an Oversold (currently - false bar stochastic) As well as the hyperextended S&P. This could be a good indication of the bubble growing and no place to run. Let's see... Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our...

Mayfair_Ventures Updated 

We have Monday as a new cycle so we could easily push into the middle of next week for the change in trend. At the moment, the Long is too obvious & with retail traders 75% Long, The price needs to drop to collect some more liquidity. Expect an extreme spike or a long candle that will scare most long positions. Last week saw Asset Managers start adding longs but...

Mayfair_Ventures Updated 

Similarly to the Swiss Franc in the other direction. Too many people are net short on this already. 73% of retail at the time of writing. Asset Managers are 68% Long so we will wait for data tonight. Leveraged money has started to move short. But still favoring long. The interesting date for the cycle is Monday. So a couple of days after that would make some...

Mayfair_Ventures Updated 

With so many people now Long DXY, it's going to keep collecting liquidity for the sharp rise. It's now all about timing, Asset Managers and Leveraged funds are still short. Let's see what COT data shows tonight. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience...

Mayfair_Ventures Updated 

IT looks like a messy H&S pattern potentially. With a crazy rally over the last 24 hours, it could be setting up for an almighty drop. The Covid Vaccine is a few months away & other companies fell over at the next stages. UK still has Brexit to look forward to, Biden is pro Euro. So a few potential pitfalls for the UK. I think the rally was 100% down to selling...

Mayfair_Ventures Updated 

COT data (Leveraged Funds) have move positions long in this last week. Asset Managers are still predominantly short. But Daily, Weekly becoming exhausted. DXY strength down overall, but this would be a pullback in the shorter term. See Daily & weekly Situations below. Disclaimer This idea does not constitute as financial advice. It is for educational...

Mayfair_Ventures Updated 

Interesting times - SPX has all the price points baked in. Forget the Elections, the Richest CEO's and companies added $1 Trillion to their net-worth during the first round of Covid. Whilst retail traders are stressing over Biden or Trump. There are some bigger factors at play. We could see the price fall to around 3096 before a half-decent rise....

Mayfair_Ventures Updated 

Here's an update from the last GJ post. Still short & it's looking like the pattern is playing out. 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, entry or exit conditions and...

Mayfair_Ventures Updated 

Brexit and Covid 2.0. No real need to say much else. However, we are in a Daily wave 4-5 of an Elliott wave. We should see a little pullback and a bigger drop. COT data also major short the GBP and net long JPY. There were key turning points in the Cycle indicator on the 5th, 10th and 15th - next is the 23rd, to the 29th. Let's see where next. Suprised if it...

Mayfair_Ventures

Looking at the average Elliott wave cycle we are in a downward trend for GU overall. The pullback was a bit extreme but actually only to the 618. GBP strength in this situation makes almost no sense. Brexit & Covid 2.0 with Boris n friends running the show. All that's happening right now is the institutional investors are gathering liquidity. COT Data shows an...

Mayfair_Ventures

This pair is looking for a 4th wave Elliott drop and confirmation below it's last swing low. Once confirmed (or the high is taken out, making last swing low a shallower 4) then it will pop up to 5. Short term bias is down - Asset Managers are favouring the long overall with a 68.5% Bullish sentiment. Whilst the Leveraged funds are 58.5% Long overall. Retail...

Mayfair_Ventures

Given the current European mess, Brexit included. The US has everything playing against it too, S&P had a mental rally, Gold spiked and a load of other things. All of which is expected when the DXY is dropping. On a daily timeframe, we can expect a little push-up. Potentially between the 94 & 96 levels. Thus being a consolidation/retracement for a further push...

Mayfair_Ventures Updated 

Long overall - short for the next week. Looking at the extension - the 3rd wave was hit and only moved 7 pips above target level. we are now seeing a 3-4 wave on weekly with 137.75 and 136.20 being two potential pullback regions. The weekly indicators - MACD, Stochastic, RSI etc all showing price is above the 80 level. which lines up nicely with a pullback....

Mayfair_Ventures

We don't usually post with so many indicators on the chart - but thought this was worth sharing. Euro COT data is favouring the upside - when you add Elliott wave patterns to the daily, you will see we are in the process of the 3-4 wave. This matches the current COT data levels nicely. You will see slow momentum (corrective) down. The Strength index is showing...

Mayfair_Ventures Updated 

Are we seeing an extension and now a possible drop before another Bull rally? What are other people thinking here? As we close in on the next round of Brexit dates... 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...

Mayfair_Ventures Updated 

Short coming on EURUSD - the Elliott waves lined up, DXY due a reversal up. Pressure on Euro with France, Spain etc. Formation, patterns, support/resistance structure - all agreeing with a drop EURUSD. will be looking for short entries. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader...

Mayfair_Ventures Updated 

Short coming potentially on this pair. Some playing around with our indicators. Matt you will be proud of this call. 😏 actually going the same way as you on this pair. 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...

Mayfair_Ventures Updated 

Pullback is now due - next run north should come around the 15th of August. COT data showing some shorts added and a lot of longs out of the system. 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...