📌 @ridethepig G10 FX Market Commentary - NZD for the Yearly Close Here we are tracking the weak points in the structure which are strategically important points in every map. They are usually protected and once broken and be rewarding with non-stop moves. The handle to track here is 0.74xx which is well placed and comes to undertaking other duties of preventing...
📌 ridethepig | TSLA on the Fairway An illustration of the consequences when surrendering the support and when your opponent grabs the break. It's trailing time for those who have been following the surrender. In order for us to execute more on the position I will want to see a final break of the temp lows, in order to somehow catch one final momentum play. ...
📌 ridethepig | BTC High of the Quarter? A short iteration update here after the wild moves cleared the board and left a lot of confusion behind. The beauty of abstracting to volatility trading, or elasticity trading or trend following is that you take all of the noise in the inner waves out, and just trade time and probabilities . Well done...
📌 ridethepig | Variation of Flow & Profit Taking When in the much disputed variation of covering partial longs, we can look for some shorts to play the pullback towards +/- 48,000 of an incomplete (iv) in a 5-wave sequence. This point of view is based on a complete and understood notion in the concept of an underlying impulsive nature to the move. For this,...
📌 ridethepig | Silver Slingshot Attacking the highs several times • The protecting sellers get in each other's way! • How to maintain the momentum • The birth of fresh strength • Reassessment as an invalidation Since after: The move has been very promising, buyers should, as has been emphasised a few times, have played the momentum trigger. What is the...
📌 ridethepig | VIX Exploding Morning all... a short post, but one that is full of dramatic events. The 'discovered naked short' from wsb is a wildfire burning...the cleanest place to see the damage is in vol. This discovered vector in GME clarified the damaged relationship between central banks and market pricing while QE infinity provides a cover a 'risk...
📌 ridethepig | The Capitulation Very little to update after a quiet European and NY play. Buyers are clearly in the superior position, as you all know, just a matter of time before we get the capitulation let now. A very quick leg towards $57,000 is in play , we have the open ladder after clearing 161.8% extensions and our enemy is...
📌 BTC Flirting to Break $50,000 This illustrates the perfect gift for valentines , but also touches on the problem of magical technical targets. An impulsive leg, avoiding the 161.8% target for our wave (iii) because it could lead to it being pinned by sellers. Now buyers are better than the textbook move for our , firstly when you think of...
📌 ridethepig | $57,000 in the Crosshairs Satoshi's vision is coming true... Trump impeachment noise going on in the background providing the ebb and flow while the reality beneath the political waves is that the more you clamp down on freedoms, the more the masses realise. There is a significant coming to consciousness occurring, the rate at which shoes...
📌 ridethepig | BTC Breaking to Fresh Highs Buyers taking the highs after the news, I have my eyes and now it is time to aim for the home run and initial ideal target at $47,500 - see the yearly close chart below. I managed to carry out some nice bids on the pullback although we failed to clear the $27,000 which was the well-known (C) target in our wave 4...
📌 Clarification of the manoeuvre designed to show the third liberating impulsive leg The following position was reached after Buyer's attack on the log chart created room for a momentum break. I chose the 'log chart' break (which was a game changer in the opening phase) as the one to track so that we could make use of the whitespace above. The way Buyer's...
📌 ridethepig | EUR Market Commentary 28.01.2021 In this position, we have managed to build a solid floor at the 1.207x area and as widely expected Buyers fought like a lion to defend their jurisdiction. The ECB on the wires attempted to talk down the currency via threatening room for rate cuts, classic jawboning from Knot in attempt to provide shelter. They...
📌 ridethepig | EURGBP Finding a Floor After the preparatory manoeuvre, passive sellers are keeping a close eye on the 0.882x ABC target and already starting to cover. Sharp Buyers were aware of this and made the transition to attempt a base formation. With ECB / FED now cleared there is the customary inventiveness to continue with the rally. What we are...
📌 ridethepig | Jan 4th Low are Hanging! Buyers were hoping to play a ' manoeuvre ' on the pivot level (worth considering that sellers were not having any of it!) the rejection was a flawless setup and quite rightly trailing our stops with some breathing room was the right move . In order to establish a breach of the Jan 4th lows permanently(?)...
📌 ridethepig | EURGBP for ECB Now that we are trading back at the lows in the range in EURGBP, the game is roughly level going into ECB today and we can begin to look for positions once more. In a situation which is very similar to the previous flow that we played from the pivot in December. Continuing to build EUR exposure at 0.885x and looking for ECB &...
📌 ridethepig | EUR Market Commentary 26.01.2021 An important chart update for euro here, which does not require to create a decision, but shows how price rolls forwards undr the direction of price drivers. It advanced quite far and cramped the highs. Finally there is another opportunity for loading on the 1.212x pivot. For the risk cocktail we have Conte...
📌 A Pullback for Chinese Yields This illustrates the notion of development in a change in trend for China's sovereign bond market . Sellers avoided a breakout and are aiming to test 3.00%. On the fundamental side , China is outperforming as expectations are skewed towards favouring their management of the virus and recognisable weakness of the West!...
📌 ridethepig | ETH Breaking Correlation A good example of a freeing move . In similar positions, the break can trigger capitulation , since it opens up a test of the pivot level which is already somewhat cramped and is at the same time the appropriate positional response as we see profit taking in BTC help ETH catch up on the wing! The break ...