Well, well - Ethereum and Bitcoin have left many speechless in the last 24 hours. The unthinkable just happened i.e. major pump north. I could well be another dead-cat bounce as well as it could be the start of a major trend change. I explain how I entered this, which is now at a no-loss position and what my strategy for it is.
This is a short take on Silver which looks like it is about to break north through a zone of resistance. I'm waiting for a a better signal but I'm getting prepared. There could be a serious bull run on this, as everybody will be watching for the same break.
As predicted, compression has ended today and a new upward trend is being defined on bitcoin. It's a clean chart with defined pivots, have fun trading it!
The big picture on USDCAD is useful to get an idea of what may be probabilities on lower time frames. There are some unusual goings on at a 1D time frame, one I've never seen before. So, I'm stalking this one closely for a trend change.
This screencast shows a strange curature, which I relied on. There is a trend change on the 4H time frame which is usually significant.
I was long on UKOIL on a lower time frame, as there were early indications that it could be heading north. My trend following assessments then changed, as the picture unfolded. I decided to bail out just in time for no loss. I don't care if it now jumps north. At this point in time - based on what I see - I now think the probability for the daily time frame is...
Goldman Sachs has stumbled and now there is much debate out there about what next to do. As usual some are shouting "enter long now", whilst others are saying "stay out" etc. For me, it's very simple i.e. I just need to wait on a favourable time frame, somewhere between 2 - 6 hourly if I'm to go north. It's difficult to go short as there could be a rebellion of...
The most relevant news regarding oil during this weekend's G20 summit is that Russia and Saudia Arabia do not plan to cut their oil production, meaning the price per barrel will continue to drop. When Oil goes down, USDCAD goes up.
I talk about the 2017 support and resistance lines and why they are important now. Thank you, Andrew
Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Hello traders, That's my set up for the eurusd this week and I also explained the way I use Fibonacci retracement. That is my first video on tradingview by the way.. If you have any questions or any notes, you can write in the comments guys :)
I'm showing mainly for the benefit of new traders why I've done what I've done. This trade is on both paper and live accounts. Note that I'm not saying I'm gonna win. I aim to lose! I'm simply controlling my loss, and allowing the market to lead me wherever it will, in my favoured probabilistic direction. Trend-following is not for everybody. In fact,...
I explain why this trend looks good to me and why I'm raising orders. Due to the current state of the market I'm not getting ahead of myself and I'm minimising my risk. If you'd like to learn the methods I use, head to www.tradercobb.com
I take you through specifically what I'm seeing on the ETHUSD 8 hour chart. We have an uptrending chart coupled with MACD convergence. I'm looking for a continuation of trend here, and seeing if I can find any entries. The price has passed through the 61.8% fib level, but we do have a double cluster around that range. What I'm looking to see is if we have a...
I'm sharpening my axe for next week so this is my multi-timeframe perspective on probabilities. I haven't decided as yet whether I'm going long or short. I'm thinking about it and sharing thoughts. This is what I do - 90% of the time. I may not enter at all. The golden rule is,' if in doubt stay out '.
This is a short screencast showing an excellent entry position. (this is not advice to enter a trade). The gold market is holding it's breath I think. Keep in mind that generally Gold has an inverse correlation with Stock Markets in troubled times. I suspect that people are watching for a Halloween Effect, or something with the Stock Markets - so they're...
In the screencast I show how it is simple for me. Why? Because I'm not in the business of prediction. All I know is what my acceptable loss is, where the trend is and that's about it really.
In this shorter screencast I give three reasons why I come to an opinion that Bitcoin may surprise. This is not encouragement for traders to take long positions. Whatever traders do, please ensure that stoplosses are truly acceptable. No gambling please.