In this screencast I show some pretty interesting price action on the 1H time frame. I've used the 'theory of curves' to average out price action.
The 1H is pretty risky now for trend following entries going south. The price action is looking rebellious, in that the bulls are fighting hard to keep this market afloat.
There are two amazing 1H ATR switches which...
Here is a long term growth curve of Bitcoin. The coloured curves inside the white lines are set to Fibonacci values. The purpose of this chart is to help long term Bitcoin investors clearly identify different phases of the market cycle.
Euphoria - when price approaches the top white line.
Capitulation - when price returns to the bottom white...
Theory of curves is an interesting application to trend changes. Some succeed - some don't. This is one to watch.
This is not a recommendation to trade securities. If you lose your money - sue yourself.
This is an update on Gold with a new curve showing probability broadly for the north. See my previous video on a smaller curve.
The Theory of Curves is based on exploiting patterns in Chaos. Read up on Chaos Theory. The markets are pure chaos so it is every proper trader's business to know about it.
EURUSD (4H) is flashing both a double bottom and a curve. Both together suggest greater probability of a move north on this time frame only. Expand chart for a better view . This is not a prediction.
Supplemental: if EURUSD moves north expect the DAX to head south - this is the general rule, but can fail.
An inverted yield curve means a market situation in which the yields offered, for longer maturities, are lower than the yields of the short-term portion of the curve (in this case the "short" is usually considered as the rates up to 2 years). This is a situation that is at first sight counter-intuitive. Those who have studied Finance will certainly remember the...
I'm not entering long or short on this time frame. I explain why. I could well be wrong as I am around 60 to 70% of the time.
I may look for a trend on a lower time frame that is favourable, but I'm not hunting for one as I have enough positions open at the moment.