XAUUSD Gold Prepare for Big Short Soon Now
Gold did get the brief bounce expected up to the first target
at 1286 witha spike high at 1289 before recoiling again.
Another 'reluctant' rally. Now it's back on support at 1274 and
this time DXY is holding up and trying to turn around to the
upside. It has not broken lower, but so far double bottomed -
BTGUSD Next Buy Points
Well it got to 304, not as quickly as anticipated, taking a
whole 20 hours or so to reach the upper parallel/target for a
34 point win in a tricky market, 2 points hy of the target, but
the hit on the parallel was so good I'm claiming this one as a
victory, imperfectly perfect, is all.
So the next buy point here is around current...
GOLD XAUUSD Strategies for both sides of market
Gold is now delicately poised - to say the least.
Am closing out the long at 1274.75 for just under 4 points as
it looks like it can come back again to the lineof last support at 1270. This entire pattern all month looks like a
continuation pattern, prior to gold crashing back to 1203 level. But gold has been...
Litecoin Dollar LTCUSD
Testing important resistance at the old highs and so far standing up well.
Once again it needs buyers here to push it out of the reach of bears at current levels.
Litecoin found buyers exactly where it needed them and has
since pushed 5% or so higher. The longer term chart (left)
shows price straining against the...
BTGUSD BITCOIN GOLD DOLLAR
The rally today is thin and grindingly dull, but it's steady.
Better to be long with a stop under the little uptrend for the
day than flat. But if at any point the day's supporting line is
broken it will likely force price down 25 to 30 points to
340-330 range where it becomes a buy once more. This thing
has already lost the...
We got stopped out of the long from 305 at 599 which was
cruel considering it bottomed at 596. Just bad stop
management - should have lowered it to cover the lower
parallel but didn't pay enough attention in truth, so busy with
those other 3 favorite girlfriends to pay this enough time.
Bad. And got punished for that lapse.
Back on the...
ETHUSD Neutral but underlying still strong whilst working inside the flag
Won't quit. It's spent the last few hours consolidating gains by
hammering out another flag. Two strikes on the lower parallel
shows this is still 'hot'. A buy of the lower parallel but close
out at the upper parallel if day trading. A break above the
upper parallel can be followed for...
Bitcoin: BTCUSD Do the Math another way
Whilst Bitcoin gyrates around and waiting for a clear pattern to emerge - no hurry - old bull mode, not young one - waiting
for dust to settle - here's a review of yesterday's tough-won 2% gains. Today ETHUSD has been clearer, so wrote on that in
interim. It's just a prettier chart right now, and more profitable too today,...
Bitcoin: BTCUSD Picture at Thanksgiving. Say thank you to the great architect of the universe,
whoever that might be this Thanksgiving. Thank him for Bitcoin. And run a stop as Bitcoin can
still flip down one more time yet.
GE Next Buy Points
We never got a chance for a long down by the lows, but we
did get the next one: the break above the small parallels
channelling the tiny corrective move yesterday and Monday.
It was a really good, painless/stress-free break too. So now,
after GE filled a small gap (left on chart) it's coming back to
support at 18.07 (tweaked by a couple...
Grinding higher still. Day-traders can raise stops to just under
8230-8320, under the small dynamic underpinning today's
rally. If this line fails Bitcoin should fall back to 8005 where it
becomes a buy again with stop under 7970.
Swing traders and long term holders stay long, as below.
Bitcoin: BTCUSD Is Bitcoin becoming Respectable?
Bitcoin has been surprisingly quiet around the highs at 8000.
There is no real selling. Any Goldmans whales selling from
8000 have been overpowered but the buying surge out of China hasn't materialised as yet. Instead Bitcoin is moving
sideways, every sale being quickly accumulated but lacking enough buying power...
CRB Index Commodities Index: TRJEFFCRB
The CRB index - Back-up Confirmation for Gold and Oil Trades.
It's useful to know which way the greater wind blows before
setting sail. This wind is with the bulls and has been off and
on since June. It's making a nice trend of its own, grinding
away each bear in its path until 195.62 is reached - up about
Brent Crude OIL UKOIL Trade Set-Ups for this Week
Position: Flat - Just didn't trust this short after it bounced at 61.70 first target and then started to build a near term low
at 61.33 so closed out the short for just over 100 pips after spreads, as per updates to last comment. Disappointed at the
time to close out a trade that had stopped behaving according...
Bitcoin: BTCUSD Update into the Weekend:Scenarios
The battle continues and finally the bears have made an impression on the upper parallel, pushing price down to 7800,
where pin bars from earlier show some demand (not shown on chart, but significant to the very near term now). There is no
winner yet, though. It can move sideways from here, meeting demand off the...
FTSE 100 UK100
FTSE's made fine double top spread out over 5 months, quite a big one therefore. Since then it's got itself into a well defined
impulse wave which day traders are clearly loving, sending a series of point perfect buy and sell signals all the way down,
pretty much. This index remains in the grip of the bears until it can break free of the upper...
Gold/USDollar XAUUSD It's all about the dollar for now
Sometimes gold is a fabulous market to trade - when it gets itself in a trend that traders can see glinting at them off their
screens the impulse waves it goes on to form are some of the best in any market (except Brent Crude which wins top spot
for powerful, tradeable impulse waves, see today's...
This should stay fluid for a while yet, giving day traders a
great space to trade in... a break below 6000 for a move back
to 5747 (can take 200 or so points on that long from 10
minutes ago now if you want...just trade from line to line
shown on the chart...we're looking for a double bottom today
to sjow loss of downward momentum and give a...