This article compares the price and technical analysis of GBPUSD in the 10-weeks leading into the two events in order to gain an execution-able advantage going into the UK EU Referendum taking place on the 23rd June 2016. Price Action and Trends Scottish UK REF - 10 weeks = 14.July.14 to 18.Sep.14 - The first 8 of the 10 weeks GU traded extremely bid, ...
This article compares the price and technical analysis of GBPUSD in the 10-weeks leading into the two events in order to gain an execution-able advantage going into the UK EU Referendum taking place on the 23rd June 2016. Ranges Scottish UK REF - 10 weeks = 14.July.14 to 18.Sep.14 - GU started the period at 1.7000 and closed the period at 1.64000, with...
Australia dollar is starting to retrace its gains after flirting with 0.750 resistance. A bearish close today below 0.745 could see the declines extending back to the price zone of 0.73 - 0.725. Establishing support here could pave way for a new leg in the rally back to 0.745 and eventually to 0.76.
On the 1D time frame, a strong positive correlation relationship emerges - where previously on the 4h time-frame the correlation looked relationship-less and "noisy". However, looking back at the Daily correlation over the last 2-3 years for GU and EU one noticeable and significant trend emerges - A steep fall in correlation, either from positive-lower...
Unknown quantity just repriced GBPUSD right into my sell limit zone of 1.45-1.465 (see attached article). Im recommending getting on the cheap risk NOW as FOMC and BREXIT REF can only price GU lower in the coming days/weeks - get it now whilst its cheap! IMO there are 2 things it could have been 1. Algo/ flash buying 2. Some asia-lead Brexit poll that came back...
This 2-part article will look at the practical application of correlations in trading and show how to use correlation inferences to exploit the statistical advantages they offer. On the 4h time frame, the highest day-tradable timeframe imo we see EUR$ has an exclusively negative and almost 1for1 correlation with the dollar index (or dollar "market"), however,...
A disappointing open from cable with a bears perspective. Gapping down 100 pips to 1.435 almost immediately puts my sell limit orders (at 146.5) in "unlikely" territory of being hit this week. On friday following the $ EMP report cable managed to rally to 1.458 - i was hopeful it would tick a few more pips upward before the slew of selling started as we move...
Instructions on the chart. Enjoy the "politics" and volatility.... GL!
Talking Points: NZDJPY Technical Strategy: Bearish Elliottwave Count: Down Trend resumption for wave3 Pair is having all bearish view in last day of month. As we are only 1 day left in month end and monthly candle is still below the bullish trendline which suggest us a bearish view and keeping bearish bet on trade signal. Here are few charts which are...
AUDUSD Short and Long Setups. Yellen speaking tonight might mess up all these trades lol Good luck
AUDUSD Short and long setups. Yellen speaking tonight might mess up all these trades lol Good luck!
I've shorted at the price on chart, as announced at Tim West's KHL chatroom today. Seems like the top is in for a few months, probably for the year. We can enter short at market if not in, but keep a wide stop, or add (or wait to enter) if we hit 46.66 today. www.tradingview.com www.tradingview.com If interested in my trading signals, or in personal tuition,...
DFS is offering an interesting setup in the monthly, daily and 65 min charts. We can clearly see the reaction to the news has been positive and can expect continuation into the highs. Target on chart is derived from monthly price action, the stop from the daily, and we use the 65 min timeframe to get a clear picture of the price action around the news. All 3...
Recent RUMINT suggests continued volatility in the markets with one to two possible rate increases from the Fed. The second day of each meeting during the summer is highlighted here. The continued uncertainty favors gold and SPDR GOLD SHARES in this instance. Not to mentioned the nice little trend channel that has been entered.
Anyone would thing those erratic moves from October 2015, August 2015 and January 2016 were just flash crashes and yeah they were but all of them respected supports so... Are this bearish moves controlled? Yes, they are. Seems like market is correcting all the upside movements by now and we are in a slow bearish trend with a long term resistance and a...
EurUsd market at this stage is looking biased for Bulls atleast for the short term or intraday trading. At this time as I publish this one liquidity is not enough in Asian session tomorrow as the liquidity picks up we might achieve our targets. I don't know much about findamentals but technically market is gathering for a bull move may be after FOMC minutes...
Trend down.Sell on break below trend line.@ your own risk.