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.
I start off with the daily time frame and move into the 4H time frame where there could be potential upside. But it's not going to be easy. I can't see the future. If it goes north who's to say it's not a dead-cat bounce? ;) :)
This screencast follows from the previous video where I was stalking the weekly time frame. I've got the switch on the 4H and I'm trailing with a big stop loss.
Just made video without sound were I show some Elliott Wave counting on the DAX... Leave a comment if you have any questions and press that like button.. Thanks Omar Djurhuus
The Euro took a beating over the last several days but the game is not over! This is just hotting up. I refer to some key areas for possible reversal on the lower time frames. EURUSD is a ratio of two currencies. It is important to look at the USD, which on the world stage has actually been weakening. In the video of the weekly chart I look at the strength of...
It's all a matter of perspective and which news you believe. Or maybe you are sensible, to ignore the news and see what's on the charts. The people who deliver the news have no inside knowledge about the markets, and most of them do not do a multi-timeframe trend analysis. They may deliver the 'truth' relative to their own perspective and shorter outlooks....