I'm joking of course. :)) But seriously, have a look at this indicator I'm showing. As I mention in the video it's not all about indicators. It is also about selecting the right indicator for the instrument one is trading. Practice and understanding of how you can work them together to estimate probabilities is most important.
I'm out here again stalking my prey. Just sharing a few observations. The markets are there to prove me wrong. No predictions in this.
There is a resistance ledge that seems to be failing on the weekly time frame of the US30. Why do I think it's failing? I see three candle wicks in the ledge, which informs me that there is serious bear pressure in what is a bear market (at this time). Am I saying it is going to fail and go south? No - I'm not saying that. What I am saying is that the greater...
The video shows the picture, so will say little about this here.
In this video I explain how I look at some price action. I hope it is of some use to new traders especially. I'll say no more in words here. Best wishes to all new traders.
In this video I look at an interesting compression on the 15 min EURUSD and quickly review a critical price position on the US30. This follows up from my other videos. A strong EURO is not great for the Ger30, so if it strengthens around now, there could be more bearish pressure on the DAX. The DAX tends to rule the worlds markets and has not suffered as...
In this video I explore how the US Dollar strength affects stock markets and the EURUSD. When I was very new to trading I had not known about all this - and late in the game I wished that somebody would have told me sooner. Shorter term bounces of the US dollar can cause traders to exit positions too soon. Around this time day traders could find that...
Financial news is something I avoid in general. However, the major events in the news like talk about war is one that I pay attention to. Wars generally sends markets south for a few weeks to months. The markets have been very nervous of late as there has been the beating of war drums, to launch an attack on Syria. I'm not interested in whether there will be a...
In this video I show what I think is a pattern that creates a greater probability for the south. I explain more on how I draw my trend lines, which may not be what the gurus teach people to do. The main feature is a contracting pattern on the 4H which stand to be beaten by the big trend from the Daily. I'm not saying the pattern will break soon. Price may...
Wall street and many other stock indices are at critical positions. In this video I drill into the action today, from the monthly down into the 5 min time frame, approaching end of the day's session. The GER30 is in a critical position and fighting hard to stay afloat. It rules the world. In general the GER30 does not like a strong EURUSD. And the US30 does...
3-minute video. I look over a number of trends on various stock indices, pointing out some interesting situations. The challenge with trend lines is to spot them early enough and to believe your own eyes.
I briefly mention the political situation in the world that affecting many stock markets. I'm seeing wide swings on a daily time frame, whenever their is good or bad news. Traders would be wise to avoid gambling in these sorts of volatile markets. Those with large accounts can of course take a position and ride out the volatility in following a trend.
I apologise for fuzzy video quality in latter half of this video. It's problem I'm having in a few vlogs, that doesn't seem related to my system or internet connection. But fuzzy as it becomes the overall outline of the potential reversal set up is still well visible. See also
In this vlog I explore mainly the shape of the younger Bitcoin parabolic correction with the much older and seasoned Wall Street (US30). The emphasis here is in the nature of the struggle to avoid correction and the similarities in form . The parabolic struggle seen in Bitcoin on the daily time frame, could well be reflected in the US30 on a weekly time...
In this video I give a few minutes of preview before discussing what I see on this weekly time frame. Bear with me as you'll see where I'm heading. In the second half of the video I show how I estimate the big probability from the weekly time frame. I'm not interested in being right in this. That's not what I want to get across. Whilst technical analysis is a...
The VIX is called the 'Fear Index'. That's for a good reason. In times of high volatility what do you do? People in general stay out i.e. they sell off and keep their powder dry, or look for safe havens. They fear for their money, even if they don't admit it. As a trader you're told 'volatility is good for traders'. But really - is it? It depends on how extreme...
In this video I look over a few indices and the VIX. There is a problem i.e. the news is saying one thing, but the charts are showing something rather different. I look at some trendlines, channels and patterns. After many years in trading I'm no longer obsessed with the names of various patterns. The overall pattern is what interests me more. The news is...
I'm looking at a daily trend line that has emerged on the US30. I know it's not perfect. Trend lines are never perfect because they are best fit. Some have been jumping for joy as price bounced off the 200EMA on the daily. That may be short term good news. I'm comparing the 2018 approaches of the 200EMA with that around November 2017. Back then it was a...