Well well, Wall Street (DJI or US30), has defied logic! Whoever said markets are about logic? Not me. This market has surprised me in the way it obeyed 'wedge theory'. It broke out north, out of the wedge - like a bat outta hell! But now it's stalling on the 8H time frame. This has happened before and it was meaningful. I show the price action.
Right - so you wanna make money in these markets. All I can say is that these are dangerous times. This is certainly not 'The Big Short' any longer. I call it the big fudge. Now we're not allowed to say who exactly is doing the big fudge - cuz it'll probably break a whole bunch of laws and policies. But it's not illegal or wrong to point to a big fudge. Like it or...
There could be serious trouble just around the corner for the S&P500 and Wall Street. Just don't be an 'April Fool*'. Watch the video.
*April fool is figurative language. I'm not describing anybody on Tradingview, or anywhere else.
Some people a jumping for joy as there are minor corrections in the recent bull rebellion on Wall Street and S&P500. The bull trend which is visible to everybody on most time frames isn't over. Come on! In the video I show how this is one of the most powerful bullish recoveries in the history of Wall Street, and why I have no reason to think that that powerful...
In this screencast I say that the recent weekly price action in Wall Street is a correction in a bear market. Price has moved into a critical zone and is struggling to stay afloat. This does not mean that it is bound to collapse. It means that price can probably move south.
In the screencast I show hard evidence from the chart refuting media reports which say that a bull market on Wall Street is back. This evidence is available to everybody.
There has been a bull rebellion over the lat 4 weeks but that doesn't mean that this is a bull market - at all!
If you're a forex trader or stock trader this is important. Why because what...
There is a visible broadening wedge pattern better seen on the 1H time frame of Wall Street. It is basically a megaphone in a horizontal direction.
There are probabilities for both the south and the north. Guesstimated ranges of price are shown - but this is not a prediction, as I do not know the future.
The markets can do as they like and 'disobey' any...
I overview what are some of the possibilities and probabilities over the next few weeks for Wall Street. I compare again the current situation with that of around 2008.
Preliminary action on small time frames on Weekend Wall Street, do not look exciting for a trip north on Monday. We shall have to wait and see, as Mr Trump often says.
I do not know what's...
In this screencast I look back to 2008 to get an idea of what happened in the last crash.
As I'm in a lot of positive equity, I don't want to become complacent in my trend following. So - I've looked back to see the sort of bouncing around of price I could expect (if the current picture unfolds similarly).
To be clear, I...
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...
In this screen cast I explore the Halloween Effect -which is a seasonal pattern - going back to 2012.
My overall position is that from 2012, the Halloween Effect is more probable, However, it is not 100%.
Statistical studies have been tracking this effect based on data largely based on a far more data before 2012 (but including the time up to the the present)....
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.
I just draw on charts and make pips don't know anything else.
Enter on shorter time frames such as Daily/4HR for precise entry points and let the trades run.
Risk no more than 2% of account.
COUNT PIPS COUNT PIPS COUNT PIPS NOT MONEY.
In this screencast and links below I expose what's going on in market manipulations.
In essence large organisations - who shall remain nameless - are busy buying back their own stock in an attempt to stabilise Wall Street and other markets. This is likely to give small investors a sense of security that they should buy stock. Price - to the minds of the big...