CFDs on WTI Crude Oil
Updated

Bi-Weekly broad market TA. 02 May 2019.

483
- Indices -

The SnP got to ath & dropped the same day. I think the fake fomo shilling conspiracy is working less and less.
Why are these people trying so hard to convince people to buy? Literal pyramid scheme.
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Just waiting for it to drop further, maybe.
Other indices are following, DAX & CAC40 are still way more bullish so not dropping much.

- Majors -

EURUSD & USDJPY still in a lame choppy random channel, not interesting.

GBPUSD did top! I don't know why but with all my strategies I kind of only or almost only go for C waves. Going to try and learn how to enter on the end of B.
It might be bottoming, and there could be a day trade long. If the target is around 0.25% with fees of 0.01% it's mediocre. So fees are 4% of target.
A little expensive, fees erase alot of the edge we could have. So I don't know. If there is a nice bottom and entry.
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AUDUSD following the path I drew for it, how nice. Will take a few more days to get to 0.618 where it might be interesting to buy.
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USDCAD nothing special. I think it will be weeks before I get a trade on this.

USDCHF might have missed out. Too bad. Still watching, maybe it will drop after all and ez long. Pretty bullish. So bullish I can't enter or what?
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- Commodities -

Gold:
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Oil US, going down the way, makes me consider trading B waves now that my understanding of C is solid. I added a third strategy to my arsenal only a few weeks ago, but I think I am at a point I know enough I can just design new strategies quickly. By riding B waves I really won't be drifting too far away from what I usually do...
Been trading C waves for a year... and watching B before entering / during my TA every time. Can't be that hard right?
60$ sounds right. Maybe gets overcut.
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Copper is moving!
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Soybean futures still in a downtrend. Avoided riding it because the fees are too damn high. Will buy that low, I do not think it will just crash without giving up a fight.
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- Crypto -

Bitcoin: The justice thing is doing progress, they found counterfeit money in one of the person that ran a shadow bank for Tether appartment, and they are calling it fraud so this is very clear. Bitcoin bulls amount of denial and delusion is simply off the charts. I think they are obssessed with it and started going crazy, they do not seem to be in touch with reality.
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Alts if the price drops a bit I would perhaps buy. That resistance did hold so... If it just goes up well so be it, no fill.
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- Minors -

EURAUD I am starting to look at, simply check what happens next. Real or false uptrend? I always let others get burned before me.
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EURCHF maybe a trade in a looong time.
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GBPAUD has kept going up, but will still buy if it goes down to that support area, as long as the rules do not change entirely.
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AUDJPY I have a feeling will just dump. Following it out of curiosity.
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USDSEK well it's back at ath. It could rally super strongly. Looks like some bulls were eager to buy, but are there buyers waiting for a break confirmation?
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USDCNH is going back up. Dang I want to buy that bottom but I need a lower price to enter or my RR is too bad.
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Now since it looks like it is following USDTRY with a delay, who knows maybe we will get this:
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EURSEK I am also looking at, probably more relevant than USDSEK. The Swedish Krona is going for a train wreck ride. Who would have thought with their commie government. "The rape capital of europe".
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Note
Oil is spiking up. Maybe I missed the train. Will buy if it retraces nice and low where I get a good RR.
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