GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
MX OIL PLC ORD 0.01P, OILEX LD ORD NPV, LLOYDS BANKING GROUP PLC ORD 10P, UK OIL & GAS PLC ORD 0.01P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), ROCKFIRE RESOURCES PLC ORD 0.1P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
As usual I have no crystal ball.
Overnight and into this morning, I've been watching the order-book action on Coinbase. What was striking was the amount of volume being exchanged on Ethereum compared to BTC.
In essence BTC volume appeared to be quieter than Ethereum. I'm talking about he 'buckets' of trades - not the actual amounts of money. See my 44 second ...
okay maybe im over exaggerating. But theres a good chance of this short opportunity happening.
The VIX is called the 'Fear Index'. That's for a good reason. In times of high volatility what do you do? People in general stay out i.e. they sell off and keep their powder dry, or look for safe havens. They fear for their money, even if they don't admit it.
As a trader you're told 'volatility is good for traders'. But really - is it? It depends on how extreme ...
Traders we have been watching EURUSD for a while as it struggles to break above its previous highs and is sitting within a weekly resistance zone. We are looking for a break below the daily lows for opportunities for a short position. Weekly chart suggests a weekly retracement could be playing out.
FOMC last week stated they expect to hike rates 1 more time this ...
EUR/USD uptrend is still very strong expecting another push past the current high at 1.20923. Risking 50 PIPS to gain 125 PIPS Good Risk ratio trade. Lets see how it plays out
Finally Never Forget that this trade can be wrong and there is a random distribution between my wins and losses so leaving all the emotion out of this trade.
Watch out for high impact news however.
Gold is at a significant level now with major structure from multiple sources. I will be trading a shift in sentiment on the lower time frame with targets already outlined on the charts.
Here is an at market Cypher pattern that has just completed. It's quite a large one so if you're trading this make sure you can handle that much risk!
The Risk Reward is pretty average on this trade, but with such a high win ratio it's a trade worth taking to me.
Will be looking for 2 targets to press lower into next week.
Potential Bat pattern here with the underlying trend. Gives us a good Risk Reward based on a 113% X-A stop loss. Targets are a 38.2 and a 61.8 retracement of A-D - Cannot complain with 1:2.5 to target 2.
Pattern still needs to push a little lower until it can be considered valid though so will be paying attention to it later today and if not the start ...
Here is a bullish Bat pattern at market. I have labelled the legs that stand out to me and also drawn in the C-D Fibonacci retracement to show where targets are taken. Trading 2 positions and aiming for 2 different target levels.
Stop loss above X at a 113% Fibonacci retracement of X-A. With underlying trend so could aim for a third target at a retest ...
Here we have a 4H Bat pattern in yellow which I've been watching for a few weeks. However, when we go down to the 1H chart there is an at market Bullish Bat which would bring us up to the 4H completion zone. Gives us an opportunity to run for a third target with a great Risk Reward (4.7!)
Here is a nice Trend Continuation Trade on GBPJPY. Made a deep retracement right back into the previous structure level which is holding. Great opportunity to enter a low risk short position with the overall bearish trend. Target would be a retest of previous lows and could use an advanced target to shoot for a 127.2 extension
Potential Cypher pattern EURCHF 4H close to completion. Pay attention for .786 retracement being hit to make it a completed pattern. Looking for 2 targets both with underlying 4H market direction (bullish)
Just been entered into an NZDUSD Bullish Bat! A little late with the publishing of this but only recently had time to check my charts.
Entry according to my rules is at the 88.6% retracement, however of course follow your specific and tested rules. Aiming for both T1 and T2 with this, and a relatively small pattern for this timeframe so shouldn't pose ...
The markets are expected by me to go wild over the next few days/weeks. Expectation is not prediction in my philosophy. . There is likely to be even greater uncertainty about the economies of the world. When there is deep uncertainty, people reach for tangible ways of protecting their store.
There is considerable risk that the global Ponzi scheme may come ...
USDJPY 4H has just put in a nice Cypher pattern. I was actually involved in this last night when the 0.786 retracement of X-C was hit, however this morning it has pushed slightly lower and is still valid. As a result, you're getting a better Risk Reward on this pattern.
Will be looking for the usual double target positions and rolling the stops from ...
Here we have another potential Bullish Bat pattern forming on EURUSD 4H. Above a 1:1 Risk Reward on this pattern. We haven't quite broken below the B leg which would suggest a press lower to out D completion, however the overall bearish momentum in this pair would suggest a press down into out D point.
Will be keeping an eye on this pattern and ...
1. Slightly late posting this position but we got long at 104.5 earlier today. The rationale behind owning USD VS JPY is as follows.
USD risks are bid
1) in the run up to the 2015 dec hike USD traded extremely bid with DXY breaking through 100, based on the last 2wks i expect USD to mirror 2015 and continue the bid tone we have seen both in 2015 ...