After a massive 8H trend down, EURNZD made a bounce north. Now there is conflict with a Daily trend heading south. I explore the probabilities. Have a look.
Disclaimer: This is not a recommendation to trade securities. Your losses are your own should you take a position. This means you sue yourself if you lose your money.
There was panic around high noon UK time, as news broke that the IRS will be sending warning letters to American cyrpto traders. This caused a dump on BTC and shockwaves were felt throughout most of the cryptosphere.
But hold on - the IRS does not rules the world! This dump could well make BTC and other major cryptos very attractive to international investors...
Silver has definitely take off - but yes it's early days. And that's where you wanna be - early in any bull (or bear) run. Gold surprised 'everybody' recently, and many including myself, were left with their jaws on the floor! Silver is so far looking like it's likely to follow gold. The trouble now for new entrants on Silver, is in finding the right spot,...
This is the INDIA50. Lots of people are not interested in this but interest is growing. I show how I assess probability for the south for a short entry.
Disclaimer: As usual this is not a recommendation to trade securities or derivatives. If you lose your money kindly sue yourself.
US OIL has been in a 2 Hour trend south. The position is still ripe for shorting but only with acceptable risk management and controls. There is a very deceptive RSI hogging the trenches which will be scary. I show how even in a bear market it's possible to exploit going long. In other words if you know what you're doing there's money to be made both ways. No...
I explore price action in trends from 1H into 8H time frames. At this time probability appears to be greater for the north. Note that for any probability in one direction, there is a residual probability for the south.
Disclaimer: This post is labelled 'long' only because the greater probability is perceived to be for the north on the 8H time frame. This is not...
USDCAD is in a definite trend south. There may be opportunities for shorting or going long coming up. I'll be looking for trend switches north to go long. However price could equally continue south. This post is therefore preparatory for moves that may come.
I explain why this is shortable - in a particular methodology. This is not a recommendation to short. If you short and lose your money kindly sue yourself. I explain the risks. No risk - no gain. End off. Your stop-losses must be affordable.
I'm stalking a bullish rebellion into a sharp ATR switch for the south, on an 8H time frame. If there is a reversal is may happen on a 15 min time frame. In this screencast, I explore the price action and envelopes of probability.
Bloodbath is not a derogatory term - it is commonly used in trading circles to describe a total catastrophic meltdown. Markets are about to panic for a number of reasons. As panic spreads there is usually precipitous fall in prices - as everybody rushes sell.
1. US-China trade war kicks into overdrive.
2. Tariff man has hit Mexico
3. Tariff man has squeezed...
Oil has taken a a more decisive turn. I focus on the 4H time frame review other time frames briefly.
My methodology is transparent and reproducible by everybody. I explain in this screen cast how I limit to what extent the market proves me wrong, but at the same time capitalise on when the market says I'm right in my probability estimates.
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...
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.
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...
In this screencast I show two charts where crashes could happen. I focus on Wall Street which - affects markets globally including forex markets.
On the weekly time frame US Oil is beginning to struggle at a 61.8% Fib retracement.
Wall Street is possibly struggling at an important structure level. A whole lot depends on China. But dig deeper. See the CSI300...