The_Greek_Trader

The_Greek_Trader Updated 

After so many recent facts occured regarding the crude oil and energy sector generally it wouldn't be possible to analyze it correctly in one article and that's why i am not going to talk about the changes on ''fundamentals'' of Crude Oil,if you can call them this way. So i will exclude the decision of president Trump to cancel the Paris climate agreement,the...

The_Greek_Trader Updated 

As i promised to my traders and on my article regarding Silver (GOOD PROFITS ON SILVER!BUT NOW WHAT?) except all the other technical points mentioned we have also a potentional harmonnic pattern. So now i reveal the potentional bullish Bat pattern which is fully coincides with the other technical observations. ON THE TECHNICAL SIDE: 1.The ED red line projected...

The_Greek_Trader Updated 

Hello traders,as we look USD/JPY on 1H chart(attached below the daily analysis on USD/JPY) we can see a possible bearish shark pattern as we go reach the red zone of resistance. We may have a better entry for better P/L ratio trade if price makes a spike with a false breakout above the trend line into the red zone where we have the D completion point. ...

The_Greek_Trader Updated 

I have previously posted an update on natural gas plus a long on going trade which already gave us a lot of profit from target 1. I have also notice the importance of 3,5$ per MMBtu for extra push to the upside read the articles below. TECHNICALLY WE CAN SEE THE HEAD AND SHOULDERS PATTERN,THE FIBONACCI LEVELS,THE ASCENDING CHANNEL,THE BIG TRIANGLE ABC. WE ALSO...

The_Greek_Trader Updated 

I had said to myself no to trading forex again but as i see the markets both in Europe and US so overbought and at high levels it was a chance to start trading forex again. So to get to the point we have a bullish gartley pattern formed on daily timeframe. TECHNICALLY WE CAN SEE BOTH CHANNELS,MEANING THE SHORT-TERM DESCENDING CHANNEL AND THE MID-TERM ASCENDING...

The_Greek_Trader Updated 

As i stated on my previous article published on 16th of May i was expected after the 'fake breakout' of the natural gas a retrace to test the ascending trendline at 3,150-3.100$ level because of the reasons both technical and fundamentals mentioned(article attached below). Now for the same reasons we can profit from a short-term ascending rally as i show to my...

The_Greek_Trader Updated 

As i mentioned before at my previous article for natural gas we are entering low demand season and that's of course affects the movement of the natural gas price. Now watching it on more longer time frame and particular at weekly we can see an inverse Head and Shoulders formation that is unfolding and it's more likely to break around early's of June as i show on...

The_Greek_Trader Updated 

Navios Maritime Partners L.P. is an international owner and operator of dry cargo vessels. This lately move of the stock is because of a loan issued by big banks. Morgan Stanley Senior Funding, Inc., JPMorgan Chase Bank, N.A. and Bank of America Merrill Lynch acted as joint lead arrangers and joint book-runners for the syndication of the Term Loan B facility. S....

The_Greek_Trader Updated 

As we can clearly see at my previous article on natural gas published on 28th April,price of natural gas just touched 61,8% Fibonacci retracement of the downward move and retraced. As i said before we are in the 'consolidation season' of natural gas with low demand and increasing number of inventories numbers. A lot may be confused and buy this fake breakout but...

The_Greek_Trader Updated 

Gold price continues to fluctuate around 1229.32 level, showing sideways and tight trading, noting that the EMA200 forms negative pressure against the intraday trading to keep our bearish trend expectations valid, waiting to head towards 1200-1210$ area mainly. Therefore, i will continue to suggest the bearish trend in the upcoming sessions, reminding you that...

The_Greek_Trader Updated 

The recent plunge in oil prices potentially being the bottom for 2017 as the market really is fundamentally tightening up,though it is never possible to call a bottom, but I suspect this is a great buying opportunity before a big jump in prices by the end of the year. Oill may have dropped nearly 7% in the past week alone, there was little, fundamentally (in terms...

The_Greek_Trader Updated 

As we all can see a heavy metals sell-off has been started as investors’ optimism for a June rate hike rose to its highest level, after the Federal Reserve left its benchmark rate unchanged but downplayed slower first-quarter economic growth. Also as far as Europe area after uncertainty surrounding the outcome of the French presidential election eased, following a...

The_Greek_Trader Updated 

As i successfully mentioned in my previous article on 2017-02-15 Crude Oil is on an ascending channel which is creating a rising triangle with the strong resistance that exists at 54,50$-55$ level. Once again after this previous artivle mentioned Crude Oil rallied until 53,74$ area and then came down to test the 200MA. Technically we can see some signs of fatigue...

The_Greek_Trader Updated 

We can see Bitcoin is struggling against it's serious problems it has to solve. Bitcoin is still in the anscending channel well respected. Bollinger Bands have still upward momentum and for the time being middle line of bollinger bands (20MA) is acting as a good support. Also we can see the three white soldiers formation which is bullish pattern. Possible inverse...

The_Greek_Trader Updated 

1)The price of natural gas remains above $3 per MMBtu. 2)Inventory's last increase was smaller than expected. 3)Open interest is at the highest level compared to the last 5 years. 4)The question is can natural gas continue it's rally or not? Natural gas Price Natural gas after hitting it's low for 2017 at $2,522, which is almost 60% up compared to 2016 low of...

The_Greek_Trader Updated 

After languishing for years, the price of a single litecoin has shot higher in recent weeks as its users have thrown their support behind a software update that would improve the network’s ability to quickly and efficiently process transactions. On Wednesday, support for a software upgrade called segregated witness—or segwit, for short—was quickly approaching the...

The_Greek_Trader Updated 

Technical analysis is a powerful tool for creating a better sense of the market and making some predictions based on price actions but it's useless or it has minor importance when a big news with catalystic role appear. XAU/USD seemed unable and weak to break and mostly established the 1263$ level resistance being in a shakeout area for 20 days more or less. First...

The_Greek_Trader Updated 

After recent unpredictable news with US descision to launch cruise missiles on a Syrian base uncertainty favored at markets and of course safe haven assets made a rally. Gold was up 1,2% but retreated recording now only 0,26% rise. Now we can see gold trading inside of a channel created by it's 200 Moving Avearge as an upper channel line and it's 200 Exponential...