GBPAUD has retreated from a major breakout north down to a key ATR support level. This creates probability for the north. But caution - for every probability estimate in one direction there is a residual probability in the opposite direction.
The chart shows either a wedge (broadening descending) or a parallel channel. It is important because the former more times than not is an indication of probable reversal northward. The latter (the channel) creates more probability for the south.
As many will know much of the volatility in the last few days has been related to the US-China trade talks and...
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...
I won't say much in this bit of text. It's all explained on the video why I think a bullish pump north is more probable than a bearish bust south. The markets are there to prove me wrong. But I have to evaluate what I see.
USDJPY is giving us some mixed messages on different time frames. For sure some people are gonna win and lose money by taking a position. I'm keeping my powder dry just for now. Later tonight (UK time), I'll see what the latest picture is like. I'm focusing on the 2H time frame for a hit.
This is a shorter screencast where I show how the extreme volatility of GBPCAD on 1 hour time frame can be exploited. Expect to lose - just keep losses minimal, and maximise gains by keeping trailing stops reasonably wide.
Although overall there heavy bearish pressure from the weekly and daily time frames, it's still possible to exploit oscillations of price.
My preference based on the evidence visible on the charts - mostly from the weekly, 3-daily and daily trends - is for the south. What that means is that smaller time scale trends will more likely oscillate within a bearish...
Ethereum had a pretty significant pump down. It's now a serious bear-bull fight as punters queue up for positions. Overall on higher time frame the trend is for the north. On lower time frames price is trending for the south. Many exited on what appeared to be a double top on the Daily. So the recent fall may have been just about fear.
I've been stalking coffee in the background from many weeks. It's looking pretty ripe about now for taking a controlled loss (aka stop-loss). When coffee moves, it really moves. This is a longer time frame trade, which I do not usually get involved in - but it's probably time for me to get involved in one or two of these.
Well, well - Ethereum and Bitcoin have left many speechless in the last 24 hours. The unthinkable just happened i.e. major pump north. I could well be another dead-cat bounce as well as it could be the start of a major trend change. I explain how I entered this, which is now at a no-loss position and what my strategy for it is.
This is a short take on Silver which looks like it is about to break north through a zone of resistance. I'm waiting for a a better signal but I'm getting prepared. There could be a serious bull run on this, as everybody will be watching for the same break.
EURUSD has presented different opportunities and conflicting signals. 'Everybody' wants to know which way it is going. This is the wrong question.
In this screencast I show different opportunities relative to trends on different time frames. Where price is going, depends heavily on which time frame trend you're stalking - and whether you'r willing to take a...
The big picture on USDCAD is useful to get an idea of what may be probabilities on lower time frames. There are some unusual goings on at a 1D time frame, one I've never seen before.
So, I'm stalking this one closely for a trend change.
I was long on UKOIL on a lower time frame, as there were early indications that it could be heading north. My trend following assessments then changed, as the picture unfolded. I decided to bail out just in time for no loss.
I don't care if it now jumps north. At this point in time - based on what I see - I now think the probability for the daily time frame is...