Broad market analysis FX Indices Commodities Crypto. 12 May 2019
- Indices -
Generally trending down, bulls keep buying dips and price recovers, but to lower highs. Maybe they end up vomitting it all at once and we see a huge red candle. Or maybe more buyers FOMO in. Don't they have to sell to go on holidays soon?
- FX Majors -
Going to do some research and backtesting on EURUSD USDJPY GBPUSD USDCAD USDCHF EURJPY.
Not much to do otherwise.
Maybe USDJPY is at support and going to bounce?
USDCHF this happens all the time. The top support broke and the price is now hesitantly hanging on. Go check Tesla for another live example.
EURJPY is downtrending. Might be interesting. Might not.
- Commodities -
Gold tightening in a daily inside bar. Going to break and move to where I want it or fake break and move later :)
Soybean futures that canonball could break multi year low like it is nothing I bought anyway, I like to live dangerously.
Copper still keeping an eye...
- Crypto currencies -
Bitcoin - all in the chart. So yes, I know I deactivated TV grid lines just to make my own, it is on purpose. Trading view grids keep changing when I zoom in and out. I want to control everything.
Welcome to self-fulfilling prophecy "last time they said" & "duh it looks the same":
Don't have a huge sample size to work with on BTC, but will assume it works "normally" or "logically" even with all the FOMO ignorant money in it.
Alts well yeah, they did not produce a bottom (double bottom at least) they bounced and went higher. My conditions were not met. No entry.
- FX Minors -
Bought GBPAUD, not interested in anything else.
Actions:
Indices do nothing.
Currencies keep an eye on USDJPY USDCHF EURJPY, do some research on the core majors.
Commodities got nothing to do right now.
Bitcoin look for short C wave end probably V shape reversal
Generally trending down, bulls keep buying dips and price recovers, but to lower highs. Maybe they end up vomitting it all at once and we see a huge red candle. Or maybe more buyers FOMO in. Don't they have to sell to go on holidays soon?
- FX Majors -
Going to do some research and backtesting on EURUSD USDJPY GBPUSD USDCAD USDCHF EURJPY.
Not much to do otherwise.
Maybe USDJPY is at support and going to bounce?
USDCHF this happens all the time. The top support broke and the price is now hesitantly hanging on. Go check Tesla for another live example.
EURJPY is downtrending. Might be interesting. Might not.
- Commodities -
Gold tightening in a daily inside bar. Going to break and move to where I want it or fake break and move later :)
Soybean futures that canonball could break multi year low like it is nothing I bought anyway, I like to live dangerously.
Copper still keeping an eye...
- Crypto currencies -
Bitcoin - all in the chart. So yes, I know I deactivated TV grid lines just to make my own, it is on purpose. Trading view grids keep changing when I zoom in and out. I want to control everything.
Alts well yeah, they did not produce a bottom (double bottom at least) they bounced and went higher. My conditions were not met. No entry.
- FX Minors -
Bought GBPAUD, not interested in anything else.
Actions:
Indices do nothing.
Currencies keep an eye on USDJPY USDCHF EURJPY, do some research on the core majors.
Commodities got nothing to do right now.
Bitcoin look for short C wave end probably V shape reversal
Comment:
Markets are open.
I believe I can fly I believe I can touch the sky.
AUD collapse imminent! Yes I can see it. The Australian bank is a pyramid scheme about to collapse.
I believe I can fly I believe I can touch the sky.
Comment:
Gosh I want to sleep now... But 2 of my trades are at key moments and I have to babysit them...
When I get rich I should hire people to do this on an 8 hour rotating basis.
Or just... swing trade really long term...
Soybean is easy I can just move my SL up...
But GBPAUD I have to watch...
I could place a trailing stop... Gee but not RIGHT NOW.
This hobby is difficult.
When I get rich I should hire people to do this on an 8 hour rotating basis.
Or just... swing trade really long term...
Soybean is easy I can just move my SL up...
But GBPAUD I have to watch...
I could place a trailing stop... Gee but not RIGHT NOW.
This hobby is difficult.
Trade closed: stop reached:
He He Heyyy
Got out of Soy Futures falling knife.
Took profit on GBPAUD. Moved SL for what is left, and aiming for the skies.
Some people are going to be very disapointed when the stock market opens
Bitcoin is trolling. I should post this. And see it get called "FUD".
The big one to watch for me was Oil shortly ago, now it is Bitcoin, but I won't post one of those ideas as Bitcoin or all the ragers are going to come here.
BTCUSD has done the biggest 3/C extension it has ever done.
Of course the people that look at indicators all see some crazy readings.
So this is the biggest extension ever seen on BTC (the stock market did more in 2007 get on its level but not really because that thing in the middle is wave 3),
so either we are about to witness the biggest bull market EVER on Bitcoin, or the hysterical bottom chasing bulls foaming at the mouth are completely insane gamblers and a correction is imminent.
From the book "Getting started in commodities" (these numbers are for commodities):
* 2% of the time, Wave 3 < Wave 1
* 15% of the time, Wave 3 between 1 and 1.618 * Wave 1
* 45% of the time, Wave 3 between 1.618 and 1.75 * Wave 1
* 30% of the time, Wave 3 between 1.75 and 2.618
* 8 percent of the time MOAR than 2.618
For Bitcoin the numbers are probably something like 90% of the time wave 3 is smaller than 1.618 * Wave 1.
Maybe commodity traders started looking at BTC because it is on the CME.
People are afraid to short BTC like it is going to come out of the screen and bite them, irrational. If it tops like in May last year, I will short. Got a feeling it might just drop immediately. Nah, Bitcoin buyers are H0DLers right? It takes a while for them to decide to sell. I hope I do not miss out.
Gold broke and up up up we go. USDJPY USDCHF broke to new lows down down down. Saw this coming. Should I have gone long & short on gut feeling alone?
Got out of Soy Futures falling knife.
Took profit on GBPAUD. Moved SL for what is left, and aiming for the skies.
Some people are going to be very disapointed when the stock market opens
Bitcoin is trolling. I should post this. And see it get called "FUD".
BTCUSD has done the biggest 3/C extension it has ever done.
Of course the people that look at indicators all see some crazy readings.
So this is the biggest extension ever seen on BTC (the stock market did more in 2007 get on its level but not really because that thing in the middle is wave 3),
so either we are about to witness the biggest bull market EVER on Bitcoin, or the hysterical bottom chasing bulls foaming at the mouth are completely insane gamblers and a correction is imminent.
From the book "Getting started in commodities" (these numbers are for commodities):
* 2% of the time, Wave 3 < Wave 1
* 15% of the time, Wave 3 between 1 and 1.618 * Wave 1
* 45% of the time, Wave 3 between 1.618 and 1.75 * Wave 1
* 30% of the time, Wave 3 between 1.75 and 2.618
* 8 percent of the time MOAR than 2.618
For Bitcoin the numbers are probably something like 90% of the time wave 3 is smaller than 1.618 * Wave 1.
Maybe commodity traders started looking at BTC because it is on the CME.
People are afraid to short BTC like it is going to come out of the screen and bite them, irrational. If it tops like in May last year, I will short. Got a feeling it might just drop immediately. Nah, Bitcoin buyers are H0DLers right? It takes a while for them to decide to sell. I hope I do not miss out.
Gold broke and up up up we go. USDJPY USDCHF broke to new lows down down down. Saw this coming. Should I have gone long & short on gut feeling alone?
Comment:
All indices are dying and going to zero - er I mean entering into profit area where I would trail SL.
Not taking profit yet. Going to caulculate where I should aim more exactly.
I want to know more about super extensions (that are not commodities)
Indices were pretty extended but not as much as 2.618.
They are so rare, can't find much, but at the same time... They are rare so who cares.
I bet I'll find plenty in securities fraud and pump and dumps :D
Not taking profit yet. Going to caulculate where I should aim more exactly.
I want to know more about super extensions (that are not commodities)
Indices were pretty extended but not as much as 2.618.
They are so rare, can't find much, but at the same time... They are rare so who cares.
I bet I'll find plenty in securities fraud and pump and dumps :D
I think I will buy a retrace. So I can short more when it goes up :)