What happened last week shocked a whole lot of people. After several days of a bull run, the FED waved a stick at everybody and they retreated in fear! 😱😨 So now what should we expect. We can expect (not predict) the market to move in the direction of its overall sentiment. What's that? It's bullish. The death cross says it's bullish. Everybody can see that....
The situation with Gold is complicated. It looks like a cup and handle, which does not mean that you throw you money at it going long. This is a very wild market. Check it out. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to...
See the video. No more hear on the video. I'll just share my opinions, which is not advice. The DJI proves me more wrong more times than I am right. So what? The issue is about limiting how wrong I am - not how many times I am wrong. New traders - and I was one - struggle to get that idea right. Why? Because in ordinary life one is praised for performance by...
In this video, I compare the movements of the DJI with the DAX. There are no predictions here. What I am saying, is to get ready. Price can move in any direction but there is a 4H ATR trendline indicating that the trend strength is for the south. As I cannot predict the future, this scenario is only relevant up to the time of posting. The markets can do as...
On balance I am not optimistic. I think this market will struggle to close the gap. FB lost $230 billion in one day. The CEO lost $30 billion. I can't even begin to think what that feels like. In the video I compare the current gap of some 30% with a similar gap of ~20% back in 2018. This video is for deep thought. There are no predictions here....
In this video I pay attention to 2H and 4H time frames, updating my previous video. I also compare momentum in the 2020 crash with the current picture. In particular I look compare squeeze momentum and RSI patterns in both periods. There is always 'hope'. But hope doesn't rule against market crashes. This is one hypothesis - not a prediction. Disclaimer:...
Well, there is trouble in the markets for sure. Last week saw a meltdown of about 8% from one peak, on the DJI. My crystal ball broke a long time ago, and I'm not getting a new one from Ebay. 😂 The video outlines how vigilance on the 2H timeframe paid off for anyone who wanted to short this market. So - what about next week (beginning Mon 24th Jan)? No...
In this video I look back to early 2020, to see how the 40% collapse in the DJI happened. Am I preparing for a collapse or correction? Yes I am. Preparing does not mean I am predicting. What is see looking back is, that a 2 hour ATR trend south had developed. It is the best fit. I had tried 1H trend but that did not fit well enough, where price would stay...
This should bring out both bulls and bears! 😱 It's an amazing and long channel. The bulls will say that it's a breakout of the channel. The bears will argue that it means the NASDAQ will crash. I'm not into that debate. It's a dangerous one. Overall I think there is a slightly greater probability for the south based on the channel - but how far south is big...
In the vid, I overview interesting moves in the DJI. Tensions are rising. The latest market burn down doesn't look great for the FED. But.. but.. when you have access to literally and endless supply of money, you can do whatever you like (almost). The FED has been throwing money into the so-called economy in the hundreds of Billions per week. I'm using economy...
This is a short and different take. The DJI could be about to correct - significantly. No promises. The Heiken Ashi candles are telling us something. Sound traders will listen to their 'voice'. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions...
A dollar surprise can still hit. There is a last line of defence for the Dollar. Price has come into a structure area, either a double-bottom or triple bottom, and the 3D ATR line is just below price. Some say that the US Dollar is bound to crash. That's not necessarily true. Read up on 'Dollar Smile Theory'. Disclaimer: This is not advice or...
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.
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...
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 smoothly - and there may be nasty...
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...