USDCAD up 45 pips at the moment. This pair has been ranging for weeks so we can see more downside.
I think USD/JPY will be bearish first - the bands have contracted a narrow range that we can see on the graph. So down first and then bullish. This is my first time using Bollinger Bands. Feel free to comment and to give me your opinion.
1. Expected USD raise after US GDP revision and Janet Yellen´s speach. 2. This is a W4 corrective wave from a 1-2-3-4-5 count, started by the beginning of the month. It hasn´t arrived yet to 78.60% retrace which is not normal for this kind of wave: normally, there are bigger retraces. 3. Downtrend respected: hasn´t broken the blue downtrend line, hasn´t broken the...
BBands set to (30) Triangles also represent a squeeze on the BBands The past two squeezes of this magnitude have hit either R3 or S3. My expectation is that this breakout will do the same. Although admittedly, the pivot math is greatly altered due to the BFX hack selloff, so therefore the S3 pivot at 2270CNY may be a little low, but does fall within previous...
After the release of the Manufacturing PMI this morning with actual figures being better than previous and forecasted figures there has been a spike in GBP up to the two descending trend line channels of which have been rejected up to now. I am expecting a little bit more retracement to the downside following this spike, however will be looking to see if there is...
My analysis from last week was correct. We had a smooth downtrend, which was confirmed by the BB%. The market broke the trend channel on friday. For the upcomming week I do see following development. A pullback to 1.12480 ( a 0.382 retracement of the new wave). Following new down movement to 1.11121. Indicator BB% shows me that on the 4H timeframe the market is...
After a 3 weeks downtrend looks like it's going to reverse. - A bullish gartley pattern where "D" is flirting with the Bollinger Band and S1 of my Pivot Point - I'm nice reversal pattern pattern of the candlesticks I'm going to go long on Monday as soon as market open, My stop loss is set just a few pips below D. For now my take profit is in the middle of my...
The practice already tells us that the Vix not last long at these levels, now looking for when it will move. Relative Volatility Index: shows a pattern that previously led to the movement. Directional Movement: DI + moves easily over 20 (24.66). Bollinger / Kelner: The narrowing of the Bollinger Bands, penetrating moments in the Kellner brings us closer to a...
Snake around trend line. Expecting Cobra attack ! Up! S1 29900 TP1 131200 TP2 131600 TP3 132600 TP4 133400
Possible divergence forming on FX:USDJPY . I have a sell limit set at my 1st deviation bollinger band in the supply zone, 102.6, with a 60 pip SL and 2 profit areas for a possible 4:1 reward/risk ratio. Happy Trading
Various signals give hint that gold price may need to choose a direction after a strong NFP data. Key levels can be seen in the chart.
Goldsource Mines has been on a clear uptrend over the past months. Every time it has had a new leg up it can be easily seen by a few inidications. 1. A broken Trendline 2. An oversold signal on the Stochastic RSI 3. A MACD crossover 4. Price meeting support at the 20MA or the bollinger bands. GXS has just shown all of these signs and is looking like it is ready...
Up until now Bitcoin was still consolidating in a wide range of $680-630 in the ascending triangle and did not rally as I expected after the halving day yet to retest $750-790 area. One thing you can learn from Bitcoin's behavior over the years is that it ALWAYS retests the previous high a second time. Also Bitcoin LOVES to bounce within triangles. Currently we...
As you can see a small trend line on the daily chart, every time it hits the resistance it comes back down to the trend line before going up again. For confirmation I shall wait for a few bearish signals including bouncing off the bollinger bands, hitting resistance and a swing high. If the USDCAD swings high short to 0.0112 and place a stop loss of...
BBands on traditional markets are default set at 20 and per John Bollinger, he found this to be the best setting. This gives the bands a 20 day SMA, thus capturing a month of trading. 9 to 5 trading, 5 days a week, 20 days/month However, Bitcoin may require a change of this setting to 30 because it is traded 24/7. 24/7 trading, 30 days/month. Chart is annotated...
Check out Networthie.com to share your thoughts on effective trading strategies and systems. Would love to hear your ideas. - Market Internals today 07/18 are calling for a continuation of bullish action tomorrow morning. - That being said, market internals can quickly change, i.e. the S&P 500 starts to trade below its 100 SMA and the Breadth Ratio reverses...
EURAUD seems like its stuck in a Triangle formation. If you look back on historical price, there seems to be a reversal around 1.450 area. This would be great swing position to get into.
Indie works best as a combination at lower timeframes but published here at 15m. Easy to follow - look for ascents and descents right next to crossover on histogram, or the crossover itself. On 1M time-frame, it generates a lot of signals just before or after crossovers or the crossovers themselves. But please understand, this is unsophisticated, high-volume...