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Get ready for a bigger push in Washington to raise the minimum wage
Icahn on eBay: CEO Incompetence Cost Stockholders Over $4 Billion
What is the barbell trade and why you should give it a try
48 minutes ago
0
9
EMC recently broke the downtrend line after forming an IHS.
Looking at the bigger picture, I believe these moves are
significant considering where they are occurring. I have a
near term target of 32-33 and a long term target of 44-45
with a stop at 23.50
5 hours ago
0
36
Target recently completely redid their company security structure and the
market responded buy heavy buying confirmed with heavy volume and a huge reversal bar on the weekly..
I look for continued buying as the bears over did it.. Target is extremely well
run however like any major company is subject to a gaff in operations. I remember the new Coke in the
1980's and how Coke fought its way back for huge gains after that debacle. Any dips should be bought and
I look for TGT to retest its highs long term Target has a unique nich in how they market products particularly to younger shoppers in their sector
5 hours ago
2
140
Update: More than 90 percent of target hit, following my rules I Moved stop to break-even
Long with a tight stop
http://thefxchannel.com
http://twitter.com/thefxchannel
5 hours ago
0
66
Looks like we have completed a leading diagonal and should see
a correction before a new bull wave.
Bullish above 1.6580
6 hours ago
0
34
WARNING: Cross Pairs should be traded with extreme caution due to their 'heavy nature'. If you don't use wide stops, you'll surely be stopped out before you know it.
Disclaimer: I rarely trade cross pairs, I only trade them when it's literally textbook perfect and everything lines up. I'm just putting this analysis here to give some insight on cross pairs, so that you can use the same technique on your own with future trades. All you have to do is combine the other analysis I have into their respective cross pair. Having said that, this is a one time thing, you won't see me post another cross pair analysis in the future.
Given my pending longs on USD/JPY and AUD/USD, this presents a possible pending long on AUD/JPY as well. AUD/USD x USD/JPY = AUD/JPY.
AUD/USD's nearest fib level is 0.9008
USD/JPY's nearest fib level is 102.765
AUD/JPY's nearest fib level is 92.77
However, if you calculate it, 0.9008 x 102.765 = 92.5X
To be safe, let's move onto the next bounce point (e.g., the next fib level).
AUD/USD's next fib level is 0.8980
USD/JPY's next fib level is 102.46 (this level may actually never be reached since it would void the trade by breaking the trend line)
The new calculated level is 0.8980 x 102.46 = 92.0X
So this gives a potential loading region of 92.5X to 92.0X, which unfortunately doesn't coincide with any fib levels on AUD/JPY. However, these levels do present possible 'levels of interest', not necessarily S/R levels but they are of interest based on how PA reacted to them in the past.
Alternatively, you could approach this from another angle. Based on how price is currently reacting to AUD/JPY (pinbar), it could very well just reverse right now and thus, take AUD/USD and USD/JPY with it, without letting them hit their bounce points.
Personally, I see cross pairs as 'derivatives', so I prefer to study the underlying assets (in this case, AUD/USD and USD/JPY) to determine my entry. Having said that, consider exiting this trade if EITHER AUD/USD or USD/JPY trades become void.
A potential target without calculating anything would be AUD/JPY's high at 94.4X. However, if USD/JPY can hit 103.747 and AUD/USD can hit 0.91292, then the calculated target is 94.7X.
Lastly, I don't really touch on it but the whole analysis requires both AUD/USD and USD/JPY to react in sync. If they don't hit the same levels at the same time, then AUD/JPY will be completely off. What if USD/JPY moves up before AUD/USD? What if USD/JPY moves up while AUD/USD moves down? The combination of moves are endless, which is why you have to trade with extreme caution. However, when things line up, cross pairs are a thing of beauty.
PS: Considering I have pending longs across the board, you could do the same analysis on your own for those X/JPY pairs as well such as CHF/JPY, GBP/JPY & NZD/JPY. (CHF/JPY is calculated differently = USD/JPY divided by USD/CHF)
7 hours ago
0
36
Each fib level on the CD leg is in confluence
with Mothly Pivot Resistance levels which
increase the overall resistance. A move below
Monthly PP at 101,78 and the Horizontal support/
resistance at 101,48 will shift ST bias to the downside.
A daily close above 104 will likely advance upward
move.Note that Yearly R1 is in pip to pip confluence
with 127extension of CD leg at 111,50.
9 hours ago
0
105
Here is an interesting example of how the combination of analysis tools can prove to be very profitable. A rally into the OTE short zone was expected. Couple that rally with a move of our Willy21 momentum indicator into the 'stupid overbought' zone and a moving average cross and a triple top and we had a nice shorting opportunity.
If my charts help you, or you use my indicators...
please consider a BTC donation to allow me to
continue my work :
& follow me on Twitter @CRInvestor
10 hours ago
0
21
little bit risky, still bearish bias prevails, but HH are done, possible retouch of bearish longterm trendline
11 hours ago
0
29
Dear Traders
There are 2 possibilites patterns on EURUSD Weekly chart, Rising Wedge or Bearish Gartley. So i prefer short in the near future, wait for any breakout confirmation.
Good Luck and Happy trading
13 hours ago
0
25
Distribution here, looking for lower continuation.
13 hours ago
2
89
Friends,
Last February 01st, our predictive analysis and forecasting offered a potential price action, seeing first TG-1 = 3.158 as a potential support, then 3.288 as resistance, and finally, eyeing 2.999 as an abysmal low-target, defined as "TG-Low = 2.999 - 01 FEB 2014.
What ensued was nothing shorter than a perfect adherence to the anticipated price action - Following are the three prior analysis starting from the original predictive analysis and forecasting:
1 - Copper: Original predictive analysis and forecast:
- https://www.tradingview.com/v/PETtLSZk/
2 - Copper: Price reverses above 3.158 floor:
- https://www.tradingview.com/v/f458i5uF/
3 - Copper: Upper resistance hit dead-on:
- https://www.tradingview.com/v/NcukjkeE/
At this point, expect a relief rally in price at a potential 50% resistance to 3.209.
OVERALL:
Predictive analysis and forecasting generated on 01 FEB 2014 was followed remarkably close by ensuing price action, hitting target TG-Low = 2.999 - 01 FEB 2014 dead-on. A relief rally is anticipated up to 0.50-Fib level. System's directional signal remains bearish, but trader's directional bias turned "Neutral" based on recent and anticipated technical events just described.
David Alcindor
TradingView.com Moderator, Alias: 4xForecaster
Predictive Analysis & Market Forecasting
PS: If you liked the analysis, feel free to give it a "Thumb Up" and pass of a friendly referral to friends interested in occult market mathematics and hidden geometries. All targets generated are defined by non-price means, and confirmed by either proprietary patterns (Euclid, Janus, Great White, Deep Shark), or other well known patterns. However, we concentrate mainly on Shark, 5-0 and occasional Bats, to complement our predictive analysis and forecasting - Cheers, David Alcindor.
-----------------------------------------------------
Get signals, analyses and forecasts on Twitter
Alias: @4xForecaster
-----------------------------------------------------
Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
13 hours ago
0
23
EURUSD might need a pullback, gonna short scalp a bit here, wanna see if this gonna continue to the upside or no wait for any confirmation
Sorry this is the right chart LOL, the chart that i posted before was error with the connection.
anyway, enjoy the ride :)
-the fiboholic-
15 hours ago
0
105
Update: Copper has been under heavy pressure recenrtly, managed to to break the ascending support for the latest bullish correctional structure, i am expecting a quick and initial move towards 2.985.
Earlier Analysis (https://www.tradingview.com/v/2hbylllo/ ): Major long term bearish head and shoulders has a target around 1.5.
Note: what i don't like about this pattern, is that it doesn't follow well the relativity concept, i mean the pattern is more than 50 percent bigger than the prior trend, in terms of amplitude and time.
https://twitter.com/thefxchannel
www.thefxchannel.com
15 hours ago
1
63
We had a 5 wave rally with a failed wave 5. I still like
more upside in this pair.
Will buy the next low as long as we stay above 1.0490.
16 hours ago
0
23
GSS is beginning 2014 with a strong rally, this may be the start of a long term rally for gold related stocks.
several hundred percent yields.
17 hours ago
0
134
Major bearish action on Friday's session closing, as price retreats sharply forming a major long legged doji at 94.07 previous swing high in addition to the 1.271 extension level, i am looking for a bearish correction this week as volatility remains highs
https://twitter.com/thefxchannel
www.thefxchannel.com
17 hours ago
0
97
After working the way strongly higher above 87.37 main high and resistance level, the pair retreated and failed to close above that Resistance, forming a pin bar. We might see sideways fluctuations and bearish correction below 87.37 next week, for a possible retest of 85.65 broken resistance level. A break above that resistance is required now to signal more upside..
https://twitter.com/thefxchannel
www.thefxchannel.com
17 hours ago
7
414
NEUTRAL to SHORT
From my last published chart of Bitcoin on Mgox suggested potential flat 3-3-5 correction in the position of wave (iv) of larger wave 3. You can refer to that chart here (along with Youtube video explaining what typical 3-3-5 flat correction is) https://www.tradingview.com/v/pO8XEiEy/
I cautiously suggested minimum downside target of 400, but pointed out that even 250 or lower would not surprise me and still would conform to wave (iv) correction in larger up trend. This is when price was still in 1000 area having bounced from low in 500 zone. Many argued with me that with low at 500 satisfied ABC correction and now that we are in new up trend. I tried to explain why that view would not be correct since the drop to 500 did not exhibit 5 wave internal in the 2nd leg down. Further the bounce did not exhibit new impulsive 5 wave up. I noted that both the drop and subsequent bounce to 100 area only had 3 swing down and 3 swings up. Hence, my expectation of 3-3-5 flat.
Without labouring, the final leg down appear to have exhibited very impulsive leg down and could well have form 5 waves down, but the following the event of MGox no more data is available, hence the final minor wave is incomplete.
BitStamp do not have the back history, however, I am carrying over the wave count from MGox to BitStamp and consider that since the High at 1160 we are in wave (iv) of 3.
It amazes me that some with rudimentary Elliottewave (EW) knowledge continue to argue about the wave labels since that 1160 high and every drop they can count 5 waves. I do not consider myself an authority but do have reasonable good grasp of the basic concept of the EW. I an struggling to place clear 5 wave counts on any of the major legs since that high.
BitStamp appears to be developing a triangle (as suppose to 3-3-5 flat in the case of MGox). This type of triangle often forms in position of wave iv. They have 5 swings labelled as a-b-c-d-e as show in my chart and each leg could have 3 swings each making it 3-3-3-3-3 triangle.
If this interpretation is correct we are in finale leg down being my preferred count which also has nice pitchfork suggesting further downside potential. The Alternate is shown in turquoise with leg (d) as high as 865 - 870 zone before dropping for the final leg to low around 400 zone or little higher.
One reason adding further weight to this still being in congestion and not a new Impulsive move up is that so far the bounce from 25th Feb low has not exhibited impulsive 5 wave type of move to the upside.
Watching 5 min, 15 min and such time frame often looks very exiting but sadly do not dictate the larger time frame no matter how many divergences are noted. So, till I have evidence to the contrary, we are the wave (iv) Triangle correction since the 30th November 2013 high and are likely to retest the low around 400.