i_am_siew

i_am_siew

Another of my favorite is Wyckoff. This is useful when the price is at the extreme, waiting for PIVOT. If we look at this carefully, together with the volume, we can see Buyer slowly gaining the upper hand. Buyer managed to breach the resistance once but Seller tried to challenge. Now price is above resistance again, do you think Seller will mount another...

i_am_siew Updated 

XAUUSD: Big Dump On The Way, worth 1000+ pips! And urged his followers and those willing to listen to SELL with a target @ $2,450. Then he comes up with a fancy chart with a lot of 'complicated' looking marking in it - looks legit and sophisticated. There are 3 mistakes: a) The price is still ABOVE the 'support' line. b) if you look closely enough, the fall in...

i_am_siew

I can say many are keen to see my 'ideas'. But the truth is that nearly all choose to remain discreet and anonymous. Common sense tells me you guys are serious + experienced traders - not the beginner types. So here is something for all to think about - the DOT we see there in the chart. If you know the answer, then everything you have learned previously will go...

i_am_siew

Anyway, I am sure many of you have seen this already. It is not only because of the D, Bond yield also says that the $ needs to fall to compensate for its high. And if we zoom in on the recent price actions, the price seems to have pivoted, but the BEAR is still fighting a strong fight. Anyway, next Monday will see a conclusion of this battle. The lesson we...

i_am_siew

The yellow line is NOT a TREND line. As I have said many times, I do not believe in trendlines. We should have asked, there are so many 'methods' out there teaching us how to trade FX - but just NONE of them is mathematics-related. Some may say Fibonacci is maths, but I think it is just numbers. Calculus is an important branch of mathematics. It is a study of...

i_am_siew

As surely as it is rising, soon it must FALL. BTC broke above the previous high @ $73,835, which means it has the potential to rise further as it did now. I think it isn't very smart to buy now, or at all. This is the kind of asset requiring patience and knowing where and when - to SELL :-) Let's wait @ 108,000 - it is coming soon. Good luck.

i_am_siew

The chart above refers. This is a continuation of what I discussed in the previous idea. We have seen some of the most popular trading methods. Now price is breaking ABOVE the resistance line of my 'current' most preferred method. I think you should know what to do. Good luck.

i_am_siew Updated 

Our journey in trading FX will bring us to learn many exciting 'methods' that are truly satisfying. I learned. And when I do, it is very satisfying. We all started with playing the Trendline, the white line we see on the chart. It is easy to use and everyone likes it because It makes sense. So now the price is BELOW the while line - a SELL trade is triggered....

i_am_siew

As we can see, the price just hit 1.0600 which was where it touched back in 4/2024. Now the question is whether it would go DOWN as many would think, or it would just go UP. The answer is with the US10Y, which is riding HIGH now. My opinion is that unless it drops to below 3.70%, the probability of the price falling below 1.0600 is low. As of now, US$ is...

i_am_siew

This is a follow-up to the previous same idea. You must see it to believe. As we can see, there is more precision this time around. Maybe it is pure luck. Or perhaps it is a precise understanding of price movement. In trading, there is NO CERTAINTY, only PROBABILITIES. And with this, we must always know where the STOP LOSS is - EXACTLY!!! Good luck.

i_am_siew

As we all can see, the price needs to break BELOW the BULLISH line that stretches back to 10/2023. For that to happen, we need US10Y to drop aka some panic in the market - which would likely drive up demand for $. I am waiting for price to touch the YELLOW line and see what happens. Good luck :-) p/s : as you all know, I do not belief in 'trendline'!!!

i_am_siew

That would be a nice spot. Don't you think so? Good luck.

i_am_siew

Some of you may have seen the 'free gift' yesterday before it was deleted - the lucky few. Anyway, let's talk about the DXY. It has been some time. Some traders quite like this method called Elliot Wave. It is truly useless simply because you do not know EXACTLY where the price might end up. Only after the fact can these followers fool themselves when they see...

i_am_siew

If you think making money here is easy, please think again. This is not for the ordinary. You would need a very HIGH IQ to succeed here. And even with that, the pace of progress is SLOW. It took me many many months ....... And do NOT think it is the TRENDLINE above that I am using. Just do not give up so easily. Good luck.

i_am_siew

If you have known me long enough, you should know I do not believe in trendlines. Unless of course ........... Good luck.

i_am_siew

There are 4 types of people: a) Those who make things happen; b)Those to whom things happen; c) Those who watch things happen; d) Those who don't even know things are happening.” In FX trading, many, if not ALL expect easy money - they expect profits without any effort. Hence > 80% lose money. If you have only look and think. Good luck.

i_am_siew

The chart above explains. From the above candles, we can anticipate what the Market Maker is thinking/doing. This is just a simple method of looking at candles and it makes life easier when trading. Currently, it looks like the US10Y supports a RISE in $. But I am still waiting for it to fall BELOW 3.70%. Good luck.

i_am_siew

The chart above explains. Often in a chart, there are many candles. Most, if not ALL of us will try to make sense of these candles by using lines - trendlines. Or indicators, which measure the highs and lows over a certain period. But if we are observant enough, out of so many candles in a chart, there is just ONE to look at EVERYDAY which tells us the SENTIMENT...