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...
This one is from the comfort of my bed! I've spotted a trend change on a 30 min time frame. This is a trend following set up with a controlled loss. Disclaimer : This is not a recommendation to trade securities, derivatives or any other instrument. Your losses are your own, which means you sue yourself if you lose your money!
EURUSD could break down or it could break up. The choice is yours. Some may wish to take a controlled loss going short. Others will see a support or structure level and go long.
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...
Mr Trump has strongly disapproved of Bitcoin. The markets couldn't care less. People are holding on to their Bitcoin in a zone of consolidation on the daily time frame. The consolidation pattern is safe down to around 9500. Bitcoin reached 10 times the recent high price of gold at one stage. I look at possibilities positive and negative for the future. For a...
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.
This is a brief educational post, that is meant as a heads up for sensible traders. They would wish to be aware of systemic risks approaching if Deutsche Bank collapses finally. This is likened to the Lehman Brothers fiasco of a few years ago, but it could be much bigger. I'm sharing this information based on reliable hard data available freely on the internet....
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...
This topic has not to my knowledge been covered on Tradingview before now. I specifically explore ' unethical trading representations' and explain in the limited time what that means as a concept. To be absolutely clear, I am not asserting that every paid-for service or representation is unethical or illegal. What I am saying is that new traders and the...
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.
Based on recent price action and a clearer parabolic picture, I've revised my estimate upwards from $30,000 in two years to $50,000 in two years. Nothing in this post is a prediction. Traders should be very very very careful with this instrument. High volatility is to be expected if it hits $15,000 or $18,000 - which could come by the end of the week. I've not...
In this screencast I make out the argument for Bitcoin getting to $30,000 USD in 2 years. This is not a prediction. My speculative projection is based on geopolitical, macroeconomic issues and market psychology. No fundamentals involved. Have a listen. If you have alternative ideas do share by commenting or PM. Let's share and learn together. DISCLAIMER : This...
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.
What has Bitcoin and Lockheed Martin got in common? I show how both have been resistant in recent weeks to corrections in the S&P500, and one possible contributing factor. Why is any of this important? Well - war is a serious systematic risk to all traders and investors. (See disclaimer below). Am I saying there is going to be a war? I am NOT! Am I...
I've opted not to enter NZDUSD on any time frame greater than 1H (at this point in time). I think and important part of trading is about deciding when to jump in and when not to. There may be opportunities on 15 min time frame, which I'll be tracking.
Some may not have heard of Deutsche Bank. Some may not know what 'systematic risk' is. Well, whether you heard of any of this before listen up. DB has been in serious trouble for years and in recent weeks there is more trouble. As the rules do not allow me to reference what I say here, people will need to Google some of this. Deutsche Bank has been over...