In this screencast I show how waiting for a key position in the market is good idea. As I always say, 'Stalk 90% trade 10%'. The CAD - often referred to as 'the Loonie' (not by me) has been in some trouble across many currency pairs. I'm not interested 'why'. All I care is where the trend is going and key areas of opportunity and probability. As strange as it...
The US-Dollar got hammered on most pairs in the last day or two. Day traders may have suffered or gained. The US-Dollar index shows what happened. On the Daily time frame US-Dollar is still pretty bullish, so stay tuned on lower time frames.
I show two 4H charts on how it is possible to get more out of a low RSI as a trend follower. Note this is not meant to apply to other forms of trading strategies.
I explain in the screencast why I think 'crash' is an irrelevant issue. It is impossible to know whether 'we're in a crash' because a crash can only be discovered well into into it or after it has happened. True trend-followers will appreciate that all one can do is find a suitable trend - and follow it. Simple but I didn't say it was easy. In fact I will...
In the screencast I show two possible head and shoulder patterns - with a degree of uncertainty. The bigger issues are signs of a trend change and momentum developing for the south. So, it doesn't matter at this stage where the base of the head and shoulders is. It is a no-loss position I'm in at the moment.
Trend following is not easy because: 1. Finding trends requires a high level of attention to detail. 2. Removing disbelief as an emotional response. 3. Having lots of patience. I explain a few difficulties I've encountered.
FX:GBPUSD Description: GBP/USD shows strong support within DeMarker indicator (DeMarker was used to replace RSI and Slow Stoch) MACD and MACz Vwap shows continuation of the bullish uptrend for hourly and daily chart high time-frames Within opening bell wait for Fractals v9 TUX EMA Scalper and CM_PSAR EM Envelope confirmation for the entry...
In this screencast I'm looking both at the daily and 4H time frames on the JP225USD. The daily is into a potential reversal zone based on my methodology. The 4H is probably into a PRZ based on an ABCD pattern. Stay lively - stalk carefully. :))
In the video I explain some of my methodology. Overall I'm not one for shorting USDCAD. The safest bet - and I'm not taking it - is on the 4H time frame going long.
Summary: What follows is a 10min video of me giving you a peek at our latest iteration of 'Remora', a volume (only) based financial indicator.... Algorithm: Remora (because it allows even the smallest fish, to swim with the biggest sharks, without getting eaten by them. Ever.) Version: v6 'Black Magic' Series (because we now have a new moving...
My probability estimate for the south is 51% on a 12H to 8H time frame. My estimate is based on my own analysis and perspective. I changed my mind based on new evidence and what I think is a more robust perspective. It would be great to hear other perspectives. That's how we learn. Share and learn. I'm not here to be right or to make predictions etc. I urge...
I explore the use of common sense with indicators and add caution on not getting ripped off.
In this viog I spotted a set up and did not plan to trail. So, the money is on the floor and I take it. Greed and FOMO are not the ways to go. I share how I use some indicators and price movement to assess the situation before entry. I trade what I see, not what I hear. :)) The most important things in trading: 1. See 2. Assess 3. Calculate if risk is...