eminialgos

eminialgos

The chop phase finally got started after the strong rally. I am looking for a series of cycles today and wed as the market chops with a slight up trend. As i mentioned yesterday, but the dips versus shorting. I highlighted that the bear biased schop systme is still in "off" move and I do expect this to come "on" today and shorts will be profitable but the market...

eminialgos

Yesterday i discussed the outlook for a trending move to the upside. I still think the best way to play will be short term trades versus the home run long trade. on stock twits i will post my tradestation charts showing some diff longer term models. I although the Algos have a strong $$ history I like to use them as a gauge of trend and then decide which trades...

eminialgos

the 2hr chart tends to look at 1-3 day horizon. All three algos are indicating a short move in BTC is coming. Becasue the TCF is pointing to trend, look for a decent sell wave to hit monday

eminialgos

calling for gold to rally is not new but a few days ago the TCF model forcast a trend move and the Bull biased algo just crossed into "on" mode

eminialgos

The 15 min chart is for the next 3-6 hours. The TCF is pointing to chop so for short term traders so buy the dip is preferable to shorting. I would give ALGO price entrys room ( add offset to get better entry). for Stocks twits readers will ad a TS algo page to see.

eminialgos

The 1-3 day outlook for the ES is for cycling or chop to being. The TCF, which leads price is now forecasting chop to begin later this AM.. I am expecting price action to be biased towards bulls (see daily comments) and If i was actively trading right now (which I am not) I will be taking bull algo trades (with some offset due to price flattening). Good...

eminialgos

a few weeks back the ES started this Sideways trend. the TCF had indicated this but I thought we would see more downward pressure but as has been said for the past 10 years, no one makes a living shorting the S&P. As can be seen, both chop trading systems had profitable 3 weeks, with the long trades more profitable than short but The TCF is now at down at the...

eminialgos

had a moment midday so quick update.. still looking for BTCUSD to be range bound trading but with good ups and downs.

eminialgos

The uptrend that has been in place for FB has generated solid gains (25%) in the past few weeks but the price action will now be sideways but with a downward tilt. This is a good opportunity to trade both ways with shorts likey to be more profitable

eminialgos

I am looking for the USDJPY to move higher over the next few days. The bear biased model had good 2 day run but it appears rolling over while the Bull biased model appears to be rolling higher. FX tends to have much more chop so there tends to be more false positives/negatives but I think the trend will pop higher.

eminialgos

BTCUSD should move in a series of chop waves inside a larger sideways move (seel earlier daily) The bear biased algo crushed over past few days but when it rotates back to "on" ( above LRX line) then we should decent sized dips and pops. Given the Strength of BTC, i do not expect too much in the way of selling in the near term (1-3 days)

eminialgos

NOTE : i do not update intra day as of yet - BTCUSD should dip lower THU am as the TCF leading indicator is saying new trending move on way. The bear system (bottom indicator and displayed on chart) with a new choppy down wave. As with Daily comment earlier, expecting range trade so bulls can buy dips and bears should be able to sell

eminialgos

the TCF model (middle indicator) is a leading indicator that leads price action. It currently is pointing to TSLA looking to move into a trend environment. Since TSLA has had a nice run I am expecting a sell wave. Both Bull and Bear chop systems are in "ON" mode meaning the profit curves are rising meaning the trading signals are profitable.

eminialgos

After big sell wave, the Emini S&P is now in Chop zone so look for selling and buying. Should be able to buy dips of 20-30 points. This is ideal time to run chop based algos.

eminialgos

Still looking for sell wave on short term outlook. Should begin after open.

eminialgos

BTCUSD will diggest the rally from today. look for up and down with a flat to down tilt. Trade both ways !!

eminialgos

This algo shown on the chart is the bull biased chop. When the system is on we take longs and only takes shorts well above system entry price since buys are 78% while shorts are 51% and have higher loss levels.. bottom line. Buy dips

eminialgos

The bear biased trading system (bottom) had good run over the past few days but now is breaking lower while bull system is turning high in "on" mode. I will post a second EUR with Bull chop