Gold just did an important trend switch on the 2H time frame coming off what appears to be a double bottom at 1680. The switch is better seen on 15 min to 30 min time frames. Normally the first pulse which this might be is followed by a minor correction before further movement in direction fo the switch. But strange things do happen. This is a trend following...
I've been watching price action in the last few days on AUDJPY. My balance of probability is 51% for the south, leaving 49% for the north. I know 'everybody' wants better odds than that. Well, I did say it was tricky - at least for me. My estimates are based on my analysis. Not a 'feeling'. I wouldn't be trading this time frame anyway. I'd be looking for a...
Anchor wave -> Medium Trigger Wave -> Small Trigger Wave (1hr chart and lower) pump incoming!
If you thought the DJI was overvalued, have a look at the India50. This thing has outperformed loads of other stock indices, even rivalling the Brazilian Bovespa. They've certainly passed the moon. Could the next stop be Mars? Well I think a significant correction is well overdue. Of course, I don't know when that might happen. The show could start with a 5 to 15...
Hello traders! As Bitcoin goes a little silent in consolidation, we can notice other cryptocurrencies booming in price. Today, I am going to talk about one of them, DOTUSD, or Polkadot coin. Polkadot has been a very interesting coin. It exploded more than 130% in value in just 3 DAYS! It also almost touched $20, becoming one of the few coins to reach that mark....
-NEW author on TradingView -2+ years experience in markets -Professional chart break downs -Supply/Demand Zones -Key S/R levels -No junk on my charts -Frequent updates -Covering crypto/US stocks ADAUSDT 4h : BEST level to BUY 40% gains (SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential...
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...
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...
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...
Waiting for market open. Been a long weekend. Lets make some money. Message me to join in x Break and retest. Will be buying
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...
Looks like redd is getting ready to move Over the last week we have hit the highest level since oct 2019 Could this be a sign for all those who have been holding for a long time now? Let’s hope so!
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...
Hello team, been a while. Although I haven't posted in some time, I have been actively looking at charts. OK, we are at an interesting juncture ... so I thought I'd post my grand chart to get your opinions. Which color line are you counting on ... green, red or black? It feels like we are on green, especially after that green candle today, you have to think...
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.