Supporting the previous post of a DXY move down. I would like to see EU make some new highs up towards the next major zone (in blue).
COT data suggest we are currently favouring a long position from both asset managers and leveraged funds. with a 96% bias on the asset managers.
The Leverage funds have slowed down the selling of the Euro from mid-Jan. So again,...
Still working on the premise of a weaker Dollar for another couple of weeks.
However, I don't think the DXY drop will be as severe as some of the publications on-line are suggesting. From what I have read the general consensus seems to a "pick me" year should we tackle the Covid-19 situation. However, that play is too obvious. The top earners accelerate their...
As per the last post on NZDJPY - I think the move down on NZDCHF is coming a little sooner.
Both suggest a shift in the NZD as the driving factor for the bigger move.
looking at the monthly we are closer to the regression top.
The weekly is already above Regression.
And all major timeframes (Monthly, Weekly & Daily) are Stochastic overbought positions....
looking at the monthly structure, we can see a strong A, B, C pattern playing out - moving to the top of the regression.
This is supported by the Stochastic being overbought.
From a COT perspective, the numbers show a rise in NZD buying throughout Jan for the leveraged funds and the inverse for the asset managers.
Shorts have been steady with a sharp rise on...
Some interesting info on Gold.
Reading a couple of articles on Gold. I feel the general consensus is Death to Dollar & Strength on Gold. I feel the Global pandemic has shifted the normal correlation across the entire market and possibly every instrument.
If you look at the spike in the U.S. 10-year Treasury yield, dealing gold a series of setbacks. This is far...
The third test of 3 using different pairs. GBP, Euro and US Dollar. Not a trade to copy. Just testing live hence the posts.
Have a good weekend.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have...
Playing with some ideas, not a trade to copy - testing key levels as part of a bigger picture. Hence up to then drop down.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times,...
Ideal situation - Sunday open with a Gap up. Or Gap down and fill to the upside. Looking for an entry around this level + a few pips above. Testing some key levels.
FYI 100% - this is NOT a trade idea for following, just testing behind the scenes.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our...
This trade has been playing by the rule book 100% of the move. Each structural schematic, Elliott wave - back up and down the Regression channels and so on.
Expectations have been met yet again, see the Order Block image (Green ticks, Red crosses) from the previous post. AUD has just come back to collect its liquidity pool and trapping some traders...
As this pair is currently in an overall uptrend it's only now nearing its 4th wave completion of a weekly Elliott wave. Supporting this aspect of the move, there's a 5th wave extension measured with Fibonacci levels, just under a daily imbalance zone (further magnetic pull to the downside.
You can see the basics of the Elliott move - I have highlighted it using...
I've had many DM's about our indicators and methods after posting one of our last posts on Bitcoin, so wanted to post another with a simple breakdown of the analysis method.
We usually start off with a weekly or/and daily view of the Elliott structures.
Once we have a feel for the overall direction, I move into looking for key levels. This can be done at areas...
I have been asked about Bitcoin a fair amount in recent weeks. My first investment in Bitcoin was around $11, If I am honest I wish I had held on to them (not worth thinking about) But back then the Technology was interesting and the investment was worth a shot. Obviously, it paid off and an early exit was regretted.
In 2017 our company started investing in...
I don't often trade crypto as spot, but as an investment company, we have crypto holdings.
Bitcoin has entered the world of investments at a professional level & in doing so, the moon is a likely scenario as they say. But to do that on a professional level, much like any other chart, a fair value needs to be obtained for the bigger players to keep their...
Looking at DXY, SPX and even Bitcoin - the Dollar needs a move up. Stochastic, Elliott and various other tools all say the same thing.
This move will come with Dollar strength once Biden is fully integrated. Then Dollar will drop pushing this up (we might even see a new high) and then what also makes sense is for the SPX to drop a fair way and it might drag gold...
When trading the US market - we need to consider several factors, past performance, key events, more recently Covid and the change of the US President. All of which have a significant influence on the market and the world.
Professional investors are looking closely for signs of a bubble.
If you look at the timings and go back to our post a few weeks ago - long...
I have been trading AUDUSD up and down throughout this Wyckoff setup, it's the first Wyckoff pattern I have worked with for several years. After moving to MEan Reversion, Elliott structures and COT data.
Where I feel Wyckoff can really help, is all around the concept of the composite man theory.
When market conditions are such, that retail are loaded up on net...
As per the last Wyckoff posts on NZDUSD - the software we use to plot the Elliott waves show a drop from the top of leg 3 down to a 4 on the weekly timeframe.
This is further supported by the level of exhaustion seen on DXY. It now needs to breathe, looking at the structural setup of the Wyckoff schematics we can see that we have had the PSY followed by the BC...
Things are likely to give confusing messages today, with the addition of Tesla to the market. The overall momentum is Bullish, Tesla will most likely drive up the price further. However, the market needs to pullback to collect liquidity if nothing else. Remember whenever there are buyers, people need to be selling to them.
Be patient on any trade entry long or...
