The SPY is overbought, and is about to decline. Seems like a longer term reversal will be in place. This is a natural adjustment to the interest rate environment. Following the link related to this idea, you'll see a further explanation using the Shiller CAPE Index Plot that is frequently updated on his Irrational Exuberance website. My target price is 180 over...
VIDEO: www.youtube.com Hello and good morning traders, we've had quite a good month last month, let's make this one an even better one! Please view the above video for the trades that are currently on my radar for today and this week. Star Prosper Philip Stewart
VIDEO: www.youtube.com Hello traders, have taken a shorting opportunity with the EUR/USD on the 1 hour time frame. Have released today's video, explaining other opportunities that the FED statements have given us. Star Prosper Philip Stewart
VIDEO: www.youtube.com Looking at the USD/JPY 1 hour chart, I've got a potential bearish cypher into a potential bullish cypher. Waiting on completions for these patterns to trade them up. Star Prosper Philip Stewart
Hello and good morning traders, we're on the AUD/USD 1 hour chart and after seeing the news make a huge impact to the market, we no doubt also see the market respecting structure and fibonacci as usual. I'm currently trading the bearish gartley, looking for TP1 and maybe TP2, if we come up and test the 127% again and close above that, we can wait for a bearish...
VIDEO: www.youtube.com Hello and good morning traders, just got involved with a bearish bat pattern on the EUR/JPY Have identified confluence, sell zone, stops and targets. Please trade at your own risk. Plan your trade and trade your plan. Star Prosper Philip Stewart
VIDEO: www.youtube.com Hello traders, this is todays video about the trades I'm looking at today and the current trades I'm holding. Waiting for confirmation on the DXY to give us a little direction. Star Prosper Philip Stewart
VIDEO: www.youtube.com Learn the rules of the cypher pattern in the video above and analyse the pattern with me. Star Prosper Philip Stewart
VIDEO: www.youtube.com With the AUD news just hitting the markets, we have a lot of market hype with the good news coming out. Still managed to bank pips by using the strategy in the photo above. New video released today going over previous patterns and potentials, will keep you posted in a follow up tomorrow morning. Star Prosper Philip Stewart
VIDEO: www.youtube.com Traders! I'm waiting for confirmation on a bearish bat pattern for the EUR/NZD 4 hour chart. Let's wait for D leg completion and I can go over stops and targets for our bat pattern. Star Prosper Philip Stewart
Hello traders, I'm looking at the AUD/CAD on the 4 hour chart and while we're waiting for our potential cypher pattern to play out, I've put on a structure trade going long up into previous support / new resistance. Just looking for a simple quick pop in the market for a potential target for some great pips from this market. Keep it up and keep a look out for...
The Bulls have a slight advantage over the Bears going into trading next week. Ultimately though, I think SPY and the other major indices will be range bound as we move through earnings season. With the Federal Reserve no longer spiking the punch bowl, and the big slowdown in the U.S. economy caused by the end of QE, traders are going to be focused on...
HISTORY WILL CONTINUE TO REPEAT ITSELF IN EVERY ASPECT OF LIFE UNTIL WE BEGIN TO EXPECT IT. FOR SOME REASON, WE HAVE YET TO LEARN OUR LESSON IN THE TECH SECTOR. THIS CHART PROVIDES TWO OF THE GREATEST TECH PUMP AND DUMPS IN THE HISTORY OF TECH STOCKS, NORTEL NETWORKS AND BLACKBERRY. IN THEIR PRIME, THESE COMPANIES WERE KNOWN TO BE THE HOTTEST COMPANIES IN TECH....
ALL CURRENCY PAIRS IN WHICH THE USD IS THE DENOMINATOR HAVE BEEN FOLLOWING A SIMILAR ARC SHAPE SINCE THE 2009 RECESSION. AS WE CAN SEE HERE, JPYUSD, CADUSD HAVE REACHED THEIR PREVIOUS SUPPORT AREAS. ONE CURRENCY PAIR THAT HASNT REACHED ITS PREVIOUS LOW IS THE AUDUSD. ALL MARKETS WORK TOGETHER, THEREFORE I BELIEVE THIS PAIR IS LAGGING COMPARED TO IS RELATIVES....
Hi Traders, Just found some people talking about this graph. Is the German day (GER30) with Swiss SMI (PMI). Both markets have been following each other for a long time but in the last few days we have see the Swiss SMI having a very bearish reaction but the GER30 was not effected. Will he be effected with a delay or it just a problem with the Swiss?? Keep this...
$NQ never trigger and now may present a good opportunity. We are waiting for a close above 4275. Once this takes place we will look for trigger longs. HAPPY NEW YEAR!!!!!!!
Simple does it. Long dax above 9905 targets are green levels stop loss is placed 10 points at the red line. Simple and easy GOOD LUCK
Simply looking to buy the DAX above the 9790 level to target the green horizontal lines. Stop loss is placed around 5 points below the red horizontal line at 9752. Simple as that