Goldman Sachs has stumbled and now there is much debate out there about what next to do. As usual some are shouting "enter long now", whilst others are saying "stay out" etc. For me, it's very simple i.e. I just need to wait on a favourable time frame, somewhere between 2 - 6 hourly if I'm to go north. It's difficult to go short as there could be a rebellion of...
I overview the weekly and lower time frames with reference to some economic realities. There is a probability of an economic collapse which is not just about America. A potential collapse of the Wall Street has been 'predicted' by others. I make no predictions as my crystal ball broke a long time ago - and I've had to adapt. The issue of an inverted yield-curve...
USDJPY and the US-Dollar basket are showing signs of weakening of their trends. I show why I think so, and I'm happy to hear of a different perspective based on the charts. Late last week I saw some unusual Yen strength which was masked by base currencies doing other things. I was surprised that Wall Street was heading north but Yen quoted pairs did not rock...
Nobody likes to hear about loss and losing - do they? Well, the 4H time frame on CADJPY gives you just that opportunity. Always - loss has to be balanced against a robust analysis of where the trend is, and where the overall probability is. You simply cannot make profits overall by not taking controlled losses, in this business. This screencast is not advice...
I'm doing my home work and sharing. GBPEUR or EURGBP looks good for next week based on 6H time frames. In fact nearly all Sterling pairs look favourable for trends south. That doesn't mean I'm shorting all next week. This is not advice or predictions on what will happen.
I'm not entering long or short on this time frame. I explain why. I could well be wrong as I am around 60 to 70% of the time. I may look for a trend on a lower time frame that is favourable, but I'm not hunting for one as I have enough positions open at the moment.
I'm cautious with NZDCAD. I explain in the screencast.
See previous screencast on AUDCAD I still see potential for a reversal and I explain why. Also see recent other setup on EURUSD using similar methodology.
If price continues to hover in my favoured 4H zone, I'm looking to short early next week.
These are exciting times with NZDUSD - in fact all NZD pairs hold excitement around now. In the screencast I'm stalking the Fib 50 - 61.8% looking for the first sign of move south. Of course it could go north by any amount. However, I think there could be difficulty in that area.
A simple idea of what to look for when we finally break this bearish trend. We see late in 2015 how the most simple price action and EMA concepts can give us an undeniable reason to start building a long position. Once price broke above PA-based resistance, we got a retest of both the PA and the 55 EMA, we also see that the EMA's has flipped to bullish...
Whilst a whole load of people are preoccupied with Bitcoin and Ethereum, there is something of a rumble happening in other parts of the cryptosphere. A whole load of so-called altcoins have taken off on daily time frames. I show only a small handful that I follow but on big exchanges many 'unknowns' are moving well up north in daily trends. I speculate that...
This is a short screencast showing an excellent entry position. (this is not advice to enter a trade). The gold market is holding it's breath I think. Keep in mind that generally Gold has an inverse correlation with Stock Markets in troubled times. I suspect that people are watching for a Halloween Effect, or something with the Stock Markets - so they're...
The NDX or NASDAQ tech 100 has been heading south. In the screencast I explore the current trend south on the 4H and compare it to previous 4H trends. The characteristics of the current downtrend look different.
In the screencast I show how it is simple for me. Why? Because I'm not in the business of prediction. All I know is what my acceptable loss is, where the trend is and that's about it really.
There is possibly a new trend and channel developing for the south. I'm watching this one carefully and placing alerts at key levels.
I really like comparing longs/shorts like this. It's always good to go to bar/candle as well. But this is pretty... I think! @harte_scout
In this screencast I start with GBPJPY 1h. This is where scalpers would be playing mostly. In the video I show that to get the big picture one has to look at higher time frames.