I'm stalking this one for a strike, whilst resisting FOMO. Waiting, watching and planning is 90% of the job! The action could kick off on a lower time frame.
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any...
EURAUD could be moving into a strike zone on the 3D and 1D. I'm not saying that you trade this time frame.
The point is there could be nice volatility in the strike zone on lower time frames (long or short). Price 'nervousness' tends to happen in these zones. True traders feed on volatility.
The trend is overall for the upside on this 3D time frame. Massive...
The DAX could be heading into new trouble as Europe goes into turmoil. I see a head and shoulders in there on this 30 min time frame. It's never perfect. These take on a wide variety of shapes. Have a look. (Note disclaimers).
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no...
Much of good trading is about time spent stalking. Trade execution by the most successful traders happens only after much patient study.
The current position of the DJI, resembles a previous one. Patterns tend to repeat. This means vigilance to see if they do repeat. There could be losses involved. I never avoid talking about that.
Sometimes a pattern may...
USDCAD (1D) seems to be breaking out of a horizontal channel. It is difficult if not impossible to say whether this will continue north.
The daily picture can inform probabilities on lower time frames.
Disclaimer : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion...
In this screencast I explore some interesting features in the 1D and 3D time frames.
There is a very rare VHC on the Aroons on the 3D time frame. This has not happened at least since 2008! It usually means business.
Have a look.
As usual your loses are your own.
Nobody likes to hear about loss. Well, I shout about it 'all' the time.
EURCAD is at an ideal position for a controlled loss. Sorry, you can't win if you're not willing to take a loss.
I show why the daily time frame creates opportunities on lower time frames for a short.
Disclaimer : This is not a recommendation to trade in securities. No guarantees. If...
If you can't see a rising contracting wedge, and price struggling near the top - and if you don't know what that means, why are you trading a live account? Did I say there was a guarantee of anything? Did I predict anything? I did NOT!.
Disclaimer: This is not an encouragement to trade securities or alter anyone's open positions. If you lose your money, kindly...
This is a follow-up on AUDNZD, which is now at a critical position. Price can head south, north or sideways. No predictions - as I have no working crystal ball (and I'm not going to purchase one).
Vigilance is needed on this. Watch out for spikes and whipsaws.
The usual disclaimers apply - which means if you lose your money, sue yourself.
In this screencast I explore the importance of the 4H ATR trend line in association with SqM switches. This is about taking early notice of areas where stuff may happen.
The future hasn't been written as yet, and I don't do predictions. What I see is the chance of a 4H trend weakening, based on the historical a patterns of the DJI.
If the 4H ATR flattens...
Flag, pennant or wha'everrr.. this thing is pressure cooking to boil north!
No guarantees. This is based on experience of these positions.
Whilst the probability looks favourable for the north, note carefully that there is a residual probability for the south.
WARNING : New and unskilled traders are advised to avoid this instrument. No guarantees supplied....
This is a short take. EURNZD has shown an initial sharp switch for the south on 4H time frame. Looking at the history of this time frame (over the period shown), this usually is followed by further travel. How far? I don't know. See chart snapshot below.
But this pair is a very volatile one so don't expect it to go down...
See the monthly picture of Amazon. This is not a confirmed double top as yet. But there could be trouble if it turns out to be. I always look to the higher time frames to see what influences may be ahead for lower time frames.
Note that most of Amazon's boom is in the era of 'free-money' supplied indirectly via the FED.
If Amazon is going to break down (and...
In this two-pane chart, I show an anomaly in Gold price i.e. it is disconnecting more visibly in the last few days. Yes, this sometimes happens for no obvious reason. But in the context of a major push south on stockmarkets in the last 48 hours, it could be significant.
The other problem is that the US Dollar is heading into a level of cross-header resistance in...