If you believe big media news headlines you'd be thinking that GBP is on some mega path of recovery. It ain't. The evidence is that GBP is in serious trouble as seen by most of the big daily trends. Unless something miraculous happens big trends like these especially GBPUSD create further probabilities for the south. But on the geopolitical-economic circuit,...
The SPBUYUP index has not been shown in a published idea on Tradingview before now (I checked). It is the index which tells how much companies are buying back their own stock to keep the S&P500 afloat. So if this fails, market 'manipulations' of the S&P500 could fail. Of course, this not the only thing that influences the S&P500 but it is a significant marker of...
This educational screencast is I hope useful in showing how price action can be assessed from various perspectives. It is now pretty late in the game to short ULTA. See ULTA - Journey South ? (from 20th Nov 2018). I expect FOMO bulls to rush into ULTA, fighting for a few crumbs! LOL. That expectation is based only on human psychology. Make no mistake, it is...
Well referenced political news is important. Sterling could see serious volatility next week if political pundits are correct about Theresa May being forced out of her premiership next week in relation to Brexit confusion. Rival MPs are already jostling for position as Wednesday is the big day. The uncertainties could send GBP pairs into high volatility...
In my previous screencast of 17th November, below all this text, is the story of someone (not from Tradingview) messaging me to ask if NVDA was good to buy. They were disappointed when I simply said "No". In the current screencast I follow up on how the FOMO bulls were punished for attempting to hunt a gap too early. This screencast is not advice. I am not...
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...
In this screencast I show how I interpreted the bull run on the daily and how I entered on a 30 min time frame. Everybody (almost) went 'Wooohoooo!" when Trump made announcements that trade war with China was on hold. There was also the Wooohooo thing when Powell made his politically correct statement, which actually didn't say anything about halting interest...
I've not seen this sort of stuff before on Tradingview, so I do apologise if everybody knows about it. I show how I used both a microtrend change on a 15 min time frame and a macrotrend position to get a suitable entry position on Japan225. Note carefully, that this is not a 'win'. I totally expect to lose but if that happens the loss will be minimal. If however...
Yes - of course some will know about credit transfers of solid Gold. But the latest stuff is bigger! Some very clever people have found a way to transfer solid gold in more than just 'credit', by very robust electronic means. In other words wherever you are in the world you can ask for your solid gold and it will be sent to your hands! Ain't that crazy!? You can...
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 or very few people have been looking at Silver. Why? Everybody is distracted by Bitcoin and GBP pairs at the moment. In the screencast I show that Silver is ripe for a controlled loss. Oops.. nobody wants to hear about losses - right? I'm stalking this one carefully - having been distracted and missed Palladium. Silver is pretty cheap at the moment....
Is finding your 'true friend' a psychological issue? Absolutely! We normally think of 'friends' as people - and that can be something of a mistake (based on personal experience), as I explain. Your true friend in trading is right there hidden in the backdrop behind the candles - and that's why you see no candles in the screencast. So I'm saying, find the tools...
In the screencast I show how supposedly good news from the Federal Reserve today caused stockmarkets all over the world to leap north. Wall Street jumped some 600+ points, for the joy of many people. I don't see any reason for joy. Sorry. Forex pairs influenced by stock markets also moved seriously. The reality is that Powell used softer more measured and...
This is really like a David and Goliath story. Amazon is the big Giant and many traders with smaller accounts may not be able to take it on. In the screencast I show why I estimate cautiously a key position with probability for the south. Note carefully that every probability estimate in one direction leaves a probability for the other direction. I'd like to...
ULTA had the last stand, amongst global markets heading south. But today ULTA was thrown off track. I've been stalking ULTA from 2016. Two years? No problem. Why? Because it was a risky one to go long for the last two years - and I didn't have the financial muscle to take it on. But in the last couple few days I saw a weakening of momentum, and made that judgement...
I've been fascinated that the price of Bitcoin was recently hovering at about 3 times the price of Gold (before the recent set back). And now that Bitcoin seems at risk of dying, I'm wondering about its value in relation to its characteristics. So I decided to compare Bitcoin against Gold. I generated the above based only on my knowledge. I can't say that...
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...