Bearish Cycle in the Market
1) "market maker spread" is the maximum and minimum of the initial channel. This is usually 25-50 pips high.
2) "Stop Hunt" usually consists of three movements that can occur in a short time.
Three impulses will be marked on the "live" candle.
The end of the stop hunt results in the extreme value (LOD) of the cycle and gives the first...
In this chart I show a tight summary of what's been happening with the DJI (Wall Street). I apply the theory of curves. It shows weakening momentum in its north side drive.
I refer to just a handful of fundamental issues for both the bulls and the bears . In recent times various forms of 'stimulus' has kept this market afloat. Then in the last 2 weeks, hope...
There is a received wisdom that what goes up has to come down. Well, this currency pair trend may defy that rule. We shall have to wait and see.
For sure there are corrections to be expected. This begs the question of what does 'down' mean? Is 'down'
- a correction? or
- does it mean a fall below its original starting point?
If you take it as below some...
This is a brief educational post.
See the parting of ways between Gold and BItcoin.
We won't know if this means anything. But it's one to watch. This could be a short term separation.
Stay safe. Don't burn cash. Avoid FOMO. Have a good weekend. 👍😃🙏
This is an analysis of trend formation.
The DAX (Ger30) appears to be in a precarious position. Several features are shown on the charts.
No one knows what the future will bring. Some may have ideas but no one can know the future. Sound traders take positions with an acceptable, affordable loss.
Looking back to 25th February 2020, no one knew with near...
It's a channel.
Nobody really knows for sure why channels develop. There are loads of theories. I'm not interested.
A channel is usually discovered late, obviously because the channel is evolving and then you see it. Unbelievable as it is, it is there.
So what do you do. Well, I don't give advice. What I do is understand that there may be limited opportunity...
Many people have asked me what I'm doing and how I'm doing it. Basically - it's very different.
This is an educational post. I'm an open book - no secrets. This methodology is a bespoke trend following strategy. It loses! You got that? It also wins.
The job of a trader is to use any methodology to limit losses and maximise gains. That only comes with lots of...
There is a new gold in the world. Yes - that's right! Most people don't know about it. It's lying dormant and about to take of, in my estimation.
In this chart I show - mainly for investor interest - 5 graphene stocks. Nobody seems to want them at this point in time. But what do you know about graphenes? Most people know nothing. For total transparency, I have...
I think this chart will be of interest, in overlooking the big picture. I say what I see and it is largely about a health timebomb approaching. So I deal with some technical and hidden fundamental issues.
Always say what you see on the charts! Remember TA is about sentiment - until reality catches up.
1 - A popped bubble.
2 - A reinflated bubble.
3 - A...
Some have asked me about my rather different methodology. This 15 min chart of Gold which isn't my favourite, shows it all. No secrets. No fees. No signups. No signals. No obligations! 😃👍 The position setup shown looks back only to show how it works. There are 5 points at which this trend could have been shorted. If you're a day trader, you might have lost some...
This pair has been sat in some serious corrective price action. i'm hoping we can see a break next week. Which way do i think its likely to break?
Probably up, but i'm also very aware that if the bears muster the strength to break that 1.180 area, then we also have a double top that could be good to trade to the bottom of that correction.
Targets for the...
There are no promises, guarantees or predictions in this.
The Aussies have been flattening out at a top - it appears - at this time. There are only two directions for price - nothing new in that.
What happens in situations like these is:
1 - either price collapses.
2 - it rockets north.
You can imagine what bulls and bears would say to each of the above....
FED-backed pumping or rather re-pumping of the popped bubble, has taken the DJI to unexpected levels. I think they're making the same mistake all over again.
Have a look. No predictions. I don't do predictions. Tough.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can...
A few weeks ago, 'everybody' was saying Gold to hit $5000 in short time. I too got caught up in this. Well, I changed my mind. It may get there but I do not now believe it's gonna get to $5000 soon.
Have a look at the chart and note disclaimers.