EUR/JPY:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above our upper trend line, then I'll be waiting for a convincing push...
GBP/USD:
• If price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes up impulsively to and ideally just above our upper trend line, then I'll be waiting for a convincing push...
USD/CAD:
• If price pushes down to give us a confirmed second bottom and then it pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking for a risk entry after a phase line break on either the one hour or the fifteen minute chart.
• If price pushes down to give us a confirmed second bottom and...
The gold price is offered and there could be a move to 1775 occurring at the moment. The following is a short video, albeit a touch late due to poor internet connection and failed first-time attempts to post prior to the Tokyo open, but opportunities are night nonetheless.
Good morning Traders!
Welcome to a new year and a new trading week.
We did not get the rally (window dressing) into the close that I expected to see at the end of the year, but we bounced right back up near the highs last night, nonetheless.
We are left with a gap below, and a weak high (market looks like it's unfinished to the high side). I would expect us...
Good morning traders, welcome to a new week.
First thing I noticed today was how low the volume is overnight. Whenever we see RelVol in the neighborhood of 50-60% that tells us there are no big players present currently.
The lack of a big player means more likely a mean reverting type of move today, with a slight edge to the buyers (drift higher).
Options...
THe market got to 4492 quicker than I had expected, but we are here nonetheless. From here I expect the market to slowdown going into the Jackson Hole Symposium that starts on Thursday this week.
I would expect a sideways trade here and the market to range back and forth. You still have to give the advantage to the buyers, but I am going to take a more neutral...
A walk trough several aspects of what is currently going in the market and why I don't feel this is looking good at at all. Things can change in any moment nonetheless.
We look into Coinbase chart, COT, Futures Premiums, Perpetual Swaps Basis & Funding Rates, CME, BAKKT, Grayscale and brief look of Options.
NOT FINANCIAL ADVICE
A bit of a bigger pop than I expected yesterday, but we got the direction right nonetheless.
Today I see a more slow grind up than the 50 point rally we saw into the close yesterday.
All eyes will be on FOMC tomorrow, everyone hoping they don't say anything out of the ordinary to rock these markets.
Hi traders,
What a turnaround. I couldn't be happier.
I am ending my week at +5% profit after I strictly followed my "recovery" program as a reaction to previous losses. And it turned out to be just the thing I needed!
My trade today:
1) NASDAQ:CZR - LONG @8.463 (average), not a big mover, but the setup was just perfect. Had I held on, I could've squeezed...
So we ran along the 30m uptrending line yesterday, and keep nearing striking the 6hr insanely steep ascending trendline I didn't think we could maintain.
Much to my dismay, I am sitting in my negative trade. I may soon just eat a loss, which will cause me to take a day off as per my risk management plan. Luckily at the moment I did go Long yesterday in a couple...
The markets are weakened and couldn’t sustain their bullish sentiment, the upcoming hours will be CRUCIAL for bitcoin and all other cryptocurrencies.
In the video, everything regarding potential supports or our level of invalidation (alt.2) is mentioned and addressed accordingly.
Please note that we are already invested in Bitcoin since the 15th of June 2022,...
Good afternoon
The market has been largely trading sideways, but in our micro count, some interesting patterns are unfolding. Investors who are very enthusiastic about taking risks could think about opening a long position to speculate on the upcoming wave 5.
Please note that we are already invested in Bitcoin since the 15th of June 2022, back then we...
Welcome, dear investors….
Today I want to reach out to everyone on here and learn more about everyone’s opinion regarding our updates, elliot wave counts and performance – your feedback is quite valuable to me and my colleagues.
Regarding the past days, the ongoing bearish trend has been challenging for many crypto traders and I spent many hours...
So we've got a lower high 30m, and the downtrend of the 30m would be very easy to push below coming in at anything below 4146. Many of the other trends are likely still poised to bring in lower lows if we have any downward momentum.
However, momentum seems to be nonexistent. CPI data has normally been a major mover, but in the end it wasn't. Jobs giving way to...
So I am finally back into the S&P, and short at 4090. We got the 12hr uptrend I wanted, which was just barely a higher high and gives us room to head down and get a new lower low if the market wants to take a dive over the next few months.
Lots of commodity prices are rising, bond yields are going up, the value of the dollar is beginning to gain strength, volume...
So on Friday I went Long at the close of the day into the weekend. That netted a $2500 trade right away when things opened up into Sunday evening. I cashed out on that, and was pleasantly surprised to see all those gains given up overnight. I then went Long again when we briefly went into negative territory at 3894, and moved up with it slowly, where I was...
