Here we have a very interesting short setup. The market drove price up near a very strong resistance zone, so I'm willing to take a stab at a short position in this zone. A very low risk entry, aiming for a retest of the 20 bar mode at 43.48 initially, our stop loss can be minimal, with very low probability of it being hit before our profit target is. Setup is...
Adding a 22 period CCI to the chart and a 11 period moving average of highs and lows we can see how oversold USDCAD is. Right now, the next hurdle is the level at 1.30113, which if breached might lead to a repeat of the pattern we have to the left, where CCI also dipped into new momentum lows compared to the past month. I added a replica of the previous decline...
Correction started, as expected. We now have a bearish target in sight: 19184 by April 27th. This level and date will be a potential retracement area, or reversal, depending on how price action evolves. Considering the scale of the uptrend, I don't think this correction will end there, but we'll see. Better expand as we move forward. I am short GBPJPY, and...
This Euro index gives us a good idea of what to expect in the coming weeks. After this week, we will probably confirm a weekly uptrend signal, which should last for at least 18 daily bars, or maybe 6 weeks, and reach the targets in the chart. I'm long multiple Euro pairs, and will continue to manage the positions and scale in on every opportunity the daily and 4h...
After analyzing the vixfix spikes and 75% retracement levels, and their effects on price when retesting said levels, and contrasting these to the time at mode signals on this chart I concluded that the downtrend in the Australian dollar might be short lived, althought potentially very steep. I projected two targets on chart, as well as the different potential...
On chart we have conflicting signals. It seems that the bears decided to book profits and this ignited a short squeeze rally, or at least that is what logic implies. Considering multiple variables, we can determine with a high degree of certainty that Bitcoin is set to rally off this juncture, as long as it remains above 228.04. We can expect realistically to...
I'm applying this strategy to my holdings, it's based on Tim West's ideas, which I already quoted in my previous ETHXBT charts. I added the weekly profile chart to illustrate the fair value areas, as well as the instante rejection/low time spent at price support and resistance, where larger players liquidated (and bought in). If ETHXBT gives us a bullish signal...
I came up with this based on one of Tim West's publications from today. It seems that this indicator produces some really high quality signals when applied to the Vix itself, to trade S&P500 futures. Check it out, maybe you can come up with other variations of this technique. Seems like something I'd like to try asap. Good luck, Ivan.
We have a clear long setup in Ethereum. A low volume selloff after the uptrend expired and we reached some hysterical highs. Current setups implies that if this bar doesn't reach the bearish target signaled by the box before it closes, it's possible to see price reverse from here. I labeled the range expansion bars on the daily (which looks like a perfect uptrend...
Hi, in this chart I describe how I read the price action in the Bitcoin chart, in this case the Okcoin futures. My spot forecast and weekly trade setup is coming along nicely, but there are other shorter term opportunities for the traders with a keen eye for technical analysis. The new indicator plots inside and outside bars, as well as range expansion, paying...
An addendum to my EURAUD weekly forecast chart, couldn't get the targets to be readable in the other chart so here it is. I don't normally give stop and exit reccomendations but this one seemed easy to project realistically without making changes along the way (which is the way my trading logic works, difficult to translate into one static forecast). Good luck, Ivan.
TimWest Long Short Filters Indicator Has 3 Separate Filters that Create Green(Bullish) or Red(Bearish) BackGround Highlights If Price is Above or Below a certain LookBack Period - Tim Defaults to 63 on Daily Chart to Quickly View if Price is Above or Below it’s Price 1 Quarter Ago. A Simple Moving Average Filter - Tim Defaults to 50 SMA and 200 SMA also known...
Tim West BackGround Highlight! What Is Tim’s Top Request? AND YOURS? I’ve often heard Tim West Request A Change In BackGround Color Based on certain Criteria. The Chart Above is just a Simple EMA Cross That Changes BackGround Color Based On Trend. Tim, LIST THE CRITERIA YOU WOULD FIND MOST USEFUL TO CHANGE BACKGROUND COLOR…And I Will Provide Your Indicator...
TimWest "Buy pullbacks to "0" in CCI (21-day) and then exit on the next move to +100 and +150. I doubt it will get to +200 again right away unless we have a move in VIX to 18-20." With Fed Mtg around the corner and Vix climbing and GLD climbing. Could be solid entry point
: Mistake in the text on the chart, should be Looking for a "higher high and Higher low" ; It also has 2 gaps to fill, small but worthy point to take in account Seeing TimWest's idea on the stock price today, felt to find a good entry point for the stock on the short term, while focusing on the long term prospects. On the weekly it does seem that at any point it...