Based on my lower timeframe analysis and the fact that rgmov has put on a new 2 month high despite price not making higher highs yet, I think this uptrend signal will be valid very soon. I'll enter long here, and let it run, it's worth the risk, even if it's a long shot. As an extra for my pitchfork enthusiast friends, there's a close past the trigger line of that...
If price closes without retesting the mode, we might see a steep decline ensue. Entry is at market (below the previous daily low), and the stop loss at the mode. Good luck! Ivan.
Many people will turn bearish here, I'm incredibly scared of taking this trade myself, so I'll try to short today's 50% retracement to enter risk free. I still want to try this. The setup is to buy the retracement, as low as it gets, while above the mode. There's also a range expansion bar in both weekly and monthly timeframes that gives us a chance of buying...
Can eurusd rally past the quarterly resistance? With the intense fall in the equities today, I think it's possible that eurusd rallies and confirms this time at mode weekly uptrend. Rgmov broke a trendline and it seems to have bottomed for the time being. The level to break is 1.13958, today. Once past it, we should see new highs really fast, and start travelling...
Analysis on chart + neowave wave chart (weekly plot) + a new indicator I coded. See related ideas for the code. Good luck! Ivan.
I'm not buying more, but I'm not selling either. It seems that btcusd is bottoming around here, as shown by the price chart. We can observe falling volume in the selloff, and more than 5 days without new lows. It's a complex chart, and conventional analysis methods won't work well with it. The trend is mostly formed by the current mining production, the markets...
Entry on chart.. Look at rgmov, despite the advance it barely bulged, CCI went back over -100 but the zone we're in is a strong monthly and weekly range expansion resistance. The entry is pretty tight so I think it's worth a shot despite the lower odds. Good luck! Cheers, Ivan.
The Nikkei is offering a nice tight entry on the long side. Risk 1/2 position on this one, entry is market now, stop at 20462, tp at 26720. Will trail the stop on a daily basis. The quarterly chart shows a valid uptrend in place, with time left until July 2016. We are also above the biggest time spent at price level in the whole chart's history, with the next...
Levels on chart, estimated time for the downtrend conclusion is August 14th. I'll be monitoring the support levels below to go long. The boxes represent the earnings season range and I plotted the 50% level, as depicted in Tim West's publications. You can clearly see the reaction to it in the chart. I also added the 66, 253, 50 and 200 EMAs as well as the options...
Analysis on chart. I'll update it once I see a clear short signal in the weekly chart. Daily remains turbulent and unclear, it's possible to see a small rally, so shorting is a bit dangerous unless using wide stops and going long is even worse. I'll analyze price action and look into selling short once we see confirmation here. Crude oil seems to have resumed the...
Simple trade, trends are pretty clear here I believe. EURGBP is a strong downtrend and will resume its direction this week I believe. GBPUSD is an interesting long setup, with 11 weeks at one price and sitting above the mode currently. You can market buy now, but it'll be 100% confirmed once it reaches my entry level on chart (1.57084). Targets are for both time...
In this chart I illustrate a tool that FX traders like me can use to gauge when to trade either GBJPY or USDJPY (or both) and in which direction, using the S&P500 chart, vix readings and the techniques outlined by Tim West in his charts (range expansion support, vix post shock s/r levels (level where a buying spree causes a 75% retrace in Vix, etc.). Every time...
I like to go short, I find the best trades I take are shorts, not sure why, but it's true. Here we have 3 short opportunities, which are linked by correlations. The NZDCAD ratio chart, or exotic pair if you want to call it that is offering us a nice trend continuation opportunity. I will use this as a way to hedge my exposure to a more aggressive and more of a...
I'll open a pair trade to minimize risk in my GBPUSD long setup. There's a weekly sell opportunity in the NZDUSD chart, which will give me a relatively low risk entry as per my analysis that gold isn't done falling, and that NZDUSD (and GBPNZD will resume the trend they are in). Position size is based on the ADR figures for both pairs, risking 2% and aiming for...
Analysis on chart. We can see that there is potential pending upside in this ratio, as evidenced by Rgmov's intense uptrend signal and the EW count I could obtain for this leg, which shows an impulse top, but not a complete 5 wave advance. I think this chart helps us devise the directional path for gold, nzdusd and gbpusd, as well as gbpnzd. We might have a good...
Current bearish swing should see completion by May 5 according to my analysis. It would invalidate this timer if price were to cross above the 259.34 mark instead of falling under the last weekly low and heading down swiftly, which is what I expect to happen next. Will this be a buying opportunity in the long term? Will btcusd continue on its relentless march to...
TREND TRADING WITH RGMOV AND CCI 1. BUYS = Watch for RgMov to make a 2-month high, then buy CCI readings of -100 followed by trading above, then closing above a previous day's high. Exit at 3 ATR rally or when CCI reaches +100 adding each 1 ATR advance. Stop = 3 ATR's OR if RgMov makes a 2-month low on a closing basis (2 months = 44 days) 2. SELLS = Watch...
DAX potential "smack down" from a 5-day time at mode signal ending on Thursday's close and note that the new 5-breakout-failure where a 5-day consolidation failed to lead to a new buy signal could be a sign of exhaustion up here ... A little drop and a sell signal is triggered (and CCI has crossed under +100 for a 4th time in this rally = typical of a bull market...