X87

X87 Updated 

In the US30 we have the same broadening wedge as in the SPX ...... is not so smart. Also we have a double top yesterday as well as today +yesterday and today formation is showing us a double top Eve and Adam Pg. 307 + channel in pink already borken. I will trade this one with my todays double top. Now that I have a clear view of both US Indexes, looking to that...

X87

In my last DXY forecast I found a Cypher Pattern that is profitable right now. So, returnign to the strategy for this trade, I was expecting this impulse, and right now, I need exactly this candle (blue point) to close above the 100.7. Why? If not, maybe we will have only a double top, something need to be aware of. I will place my stops orders in the USD pairs...

X87 Updated 

My yesterday DXY trade was glorious ..... and I feel very proud of it because I had been consistently forecasting this index that allows me to trade all USD pairs (only watch the related ideas). As the title says I had found a Cypher pattern that comply with all requirements (AB = close above 38.2% but closed below 61.8%, and CD arrived exactly 127%) so what I´m...

X87 Updated 

Usually the encyclopedia works really good so lets try this one. What I see is a double top in the XAUUSD in the 1h and 4h frame confirming the new trend. Ok, in the long term I´m still bullish but this trade is a short term one. I have an impulse in the 4h frame that started 1207 just near the the yellow resistance line already drawn. As you can see, we are...

X87 Updated 

So for this one bullish was EP 2.60 TP1 2.6433 TP 2.68 or 0.681 Fibo retracement. Now for the one I really want to trade is EP 2.68 SL 2.74 TP1 2.60 TP2 2.56. Probably tomorrow everything will properly setup for this one.

X87

The DXY has already completed AB=CD as in my yesterday forecast was predicted at 100.53. What now? At least for today I wont be doing nothing. When you are used to EURUSD or USD Fx pairs, you already know that after this type of price action (more than 100 pips movements) in the same day without a fundamental movement, the intraday for today will almost be stinky....

X87 Updated 

My last DXY 0.35% forecast almost made me cry ...... come on X87 do your job. Mistake 1 forecasting 30 min frame Mistake 2 didnt you see the 15 min channel Mistake 3 Market was getting ready for hawkish employment number expected in US....... thats a newbie mistake. Ok, nothing I can do now. The channel we are transiting is the pink one gross, but be aware that...

X87 Updated 

This is a short term trade. OK, we had already a double top, after that a retracement to the 61.8 level that formed a beautifull channel. So for this one EP 229 SL 229 TP1 2289 TP2 2285.

X87 Updated 

Ok, yesterday FOMC minutes were hawkish as I understand, but the trend is the trend and was inevitable to continue the bulls in Gold. At the beginning we had a little correction, but then, then, then, as expected we had a break impulse breaking out last double top. Ok, this one still looks great so EP should be in 2 or 3 hours next to 1221 (expect a little...

X87

If your are trading USD pairs, probably you are surprised because this pullback. Nothing to worry. In the chart 30 min frame you will be able to see the channel formed, so seems to be the right moment to bear agin the DXY. Short the DXY below 99.67. Anyway, be aware tomorrow we have employment situation and yesterday ADP showed something like 246k new jobs so...

X87 Updated 

This was my trade for jan31 but didn´t placed it on time when I draw the green line. Anyway now is simply perfect. What I see is a triple bottom inside the channel in pink, so this trade is almost ready for profits. For this one EP will be 2273.6 TP1 2280 TP2 2293 SL 2268.

X87

In the USDCAD I see a channel in between the purple lines ready for that bearish impulse. So the EP 1.300 TP1 1.27590 and TP2 1.25400. Be aware that tomorrow we have employment in the US and probable a short pullback correction is data is in the same direction as ADP, but anyway there is still a long way down. I really dont care about tomorrow because I dont trade fridays.

X87

This one is from the book (Encylcopedia of Chart Patterns). Ok, my very best second friend after Elliot wave principle has worken really good during last trades. I think this one breaking upwards continuing the channel above the yellow line. So returning to the book, we have 57% after trend ends and 63% meeting target price, again sounds good for me. For this one,...

X87

I was asking myself about that recently huge divergence between gold and silver. What I mean is that usually they work as mirrors but is not the case during the last weeks. Anyway, if you go to the daily chart, is clear that we had been transiting a bearish channel since july last year. Today we´re transitong the very top of the channel (in purple), so ......... 2...

X87 Updated 

This one is from the book (encyclopedia). Ok, market has arrived my confirmation line. So 45% in a Bear Market and 9 out of 21 times (42.87%), sounds good. Let´s do it now. If flag beyond thin pink line, get out of it and be ready. In the macro, USD market fears Trump but good news are good news and employment should be doing good, what makes me feel party is not...

X87

This is a weely chart, so for me is showing something as the macrotrend. Anyway, is very clear where the price action is located. Two options: Bull above 2.72970 after breaking the channel expecting mayor impulse with 2.95 first target/ Bear below 2.61300 returning channel with target.

X87

After holidays, markets had been messy. Now EURU is returning to his propper level because of fears about Trump his propper behavior. Uncertainity and risk are in the air. Anyway, technicals are showing why? . EP 1.05480 SL 1.05647 TP1 1.05300 TP2 1.0500.

X87 Updated 

In the long term you can see how the bullish trend is already over, while in the 4 hours we have a double top in red, as well as a strong support in the 116 level that has been rejected several times since 2015. Also just notice the purple channel has been borken. This trade is a bear below 115.900 trying to return the long term 61.8 Fibo level. TP1 112 TP2 108