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59 minutes ago
BTCUSD, D Long
0 61
Here is my daily ew count of the early years of BTC. It counts very well as an abc zigzag correction which further adds more weight to the proposed large expanding diagonal idea currently underway. The advance was capped at (a * Phi^6) or (a * 1.618^6). Wave c is 1794% of wave a
3 hours ago
EURUSD, 240 Short
0 50
The price seems ready to continue its downtrend after a retracement. It is possible the price to reach the 0.5 fibonnaci level again before going down. My target is at first the 1.0800. If it go up we should wait the reaction at 61.8% fib level. A possible long trade target would be 1.1300 if the price break the trend line, mva 200 and fib 61.8 level,
5 hours ago
NY1!, W Short
0 8
extention 5 move

Strategy is Short start

but extention limit is 20390
6 hours ago
IWM, W Neutral
1 45
IWM
More observation than anything else.
7 hours ago
GBPJPY, D Short
0 32
Further downward movement for the Pound Yen. Possible target reversal zone at 170.681,
then looking a movement to the upside to 196.721
9 hours ago
XAUUSD, D Long
0 103
Just a prediction. The black line is more probable but the red line could happen if the current base that is being made gets destroyed. The green circle indicates the last time the historical support line was broken. It dropped below 91% because there was no additional support beyond that. At $140 there is old support from the last base so bitcoin shouldn't drop below that. July 25th is right about the halving date. It's currently slated for the 28th but it's been pushed forward several times before now.
http://bitcoinclock.com/

I may be over predicting the next halving since the last halving was only a signal instead of an ATH, but I believe people will be trying to get a jump on it since after the last halving, the ATH was 5x > last ATH.

Adjust the circle so that it fits within the green box to view the chart the way I posted it.
12 hours ago
HUI/VIX, W Neutral
0 21
HUI (Gold Bugs Index) throws signals relative to the VIX that are pretty obvious and allow plenty of time for entries and exits. I'll describe how in a minute - before that think about the aspect of Gold trading that is a "worry trade" and think about what the VIX is. As that sinks in, you realize that gold buyers are often playing a much longer time frame than the options traders who drive the VIX. So the signal mix here shouldn't surprise anyone with trading experience.

The Chart - I've taken the Heiken Ashi of the ratio of HUI/VIX. The rationale for HUI/VIX? "Worry traders" - those who buy gold and those that track the VIX - aren't always the same people, but both are often hedging (or betting on) a market crash - or worse. This chart shows the ratio in the red/green candles and in the background the gray is HUI itself.

The Sell Signal - I drew three horizontal lines where HUI/VIX pivots are common and pulled up the RSI (important - the Heiken Ashi is important here - it makes the RSI divergences easier to read). The signal pattern for a SELL of HUI is a bearish divergence on the HUI/VIX followed by a simultaneous spike in HUI to the top zone while the HUI/VIX moves down to the middle zone. In those cases HUI plunges shortly after. Why? I think of it as "hang time" - the gold believers are the last to give up - the VIX has moved lower and the S&P isn't showing worry anymore. Gold as a worry asset then follows suit because fewer new buyers are converted to owning Gold.

The Buy Signal - Worry assets bottom when no one is worried. Yet worry is cyclical. We are very close (maybe 3 to 6 months out, IMO) from a worry low, and the chart shows it - we are sitting above the "no one is worried" pivot line, but we aren't there yet, at least according to past patterns on this weekly chart. THAT DOES NOT MEAN HUI HASN'T BOTTOMED. Sorry for the caps, but ratio charts are tricky - we can move firmly down into that bottom zone with HUI trading sideways (consolidation) and VIX dropping. I am actually expecting that very thing to happen and have linked a chart showing why I see VIX lower for 3 more months.

12 hours ago
EURGBP, M Long
0 62
Wake up Call ? Lets see
------------------------
Bullish Flag ?
Channel Resistance ?
3 Driver Patterns Completion ?
Bullish Gartley ?
RSI Over Sold ?
-----------------------
Multiple confluences - high probability, long setup.
13 hours ago
GBPCAD, D Long
3 79
Currently we are sitting on major support. We had break of trend on 7 day RSI.
See chart for technical areas of interest.


Carney hawkish.
Poloz dovish.
CA economy dragged by oil.
Deflation on GB not a major concern.

Low inflation is sparking consumer spending which what I like to see to support a rate hike.
BoE deputy governor Ben Broadbent says in an interview that bad deflation isn't a threat to Britain
Good deflation helping boost demand and output
Will watch for signs of price falls hitting wage growth
Only risk to GBP is going to be elections.

BOC tone is reflective of the domestic data and international developments; with a
core focus on the price of oil.

For CAD next week’s GDP will provide some evidence as to how January growth evolved and will be important for CAD.





14 hours ago
BTCUSD, 240 Long
0 129
The best way to label the price action is If you think of each leg as an abc correction. The only pattern that I know of which allow this kind of price action is an expanding diagonal. Also, wave ((4)) overlapping ((1)) is another confirming hint of a large expanding diagonal underway.

Note: Wave ((5)) must be larger than wave ((3)). If wave ((5)) vs ((3)) will have similar proportion to wave ((3)) vs ((1)) the target should be 4800 (423.6% of wave ((3)))

I was unable to count wave ((1)) because of limited intraday data.
15 hours ago
EURUSD, 60 Neutral
10 286
" Hourly Analysis "
i can mention a previous analysis Daily Analysis
55 Day Fibonach Level 236 Level 144 and
the Rise of the Trend If it does I Say
------------------------------------------------------------------
Majör Resistance : Fibonach 236 Day Level(Red)

First Resistance : Fibonach 144 Day Level(Black)

Support Line : Fibonach 55 Day Level-(Green)
----------------------------------------------------------------------------
conclusion :

if " EURUSD" we expect a rise of 55 Fibonach necessarily
have to cut the 144 and 236 level

* i can not say exactly Fall Trends to Come Back

Because, * 236 line go must downyard
* 144 line to go must downyard
* and 55 support line should to push the downyard

***The approval of the downyard trend it began,
it is necessary to come down below the midpoint of the channels Price

Thanks
18 hours ago
USDCAD, D Long
2 142
Friends,

USDCAD is currently trading rangebound. We, on Friday had a nice buying day, riffing right off the 50EMA. Pinbar on the 50 tells me there was a reluctance to see price go below the 50EMA, which, along with the recent consolidation this stock has made, has made a strong support level.

Target low is where a long term Fibonacci confluence zone is.

Target Hi has been made using conventional channel target measurement rules, providing the ratio confluence zone can be broken, I will be looking for the target hi. Managed to find entries with over 8 Rish/Reward. So the trade is way worth it.

Thanks,
Tom
18 hours ago
Z, D Neutral
11 202
A simple post on how to combine indicators to have an edge.

1. Understand the Indicators and its function.
2. Understand the price action
3. Create rules, that work for "you"
4. Stick to the Plan.
5. Manage what we know.....


For eg.
1. Squeeze on Weekly - Chart is sideways
2. Top and Bottom Indicator works well in a sideways market.

3. We cannot apply the TOP&Bottom on weekly because, its range is tight. Therefore, we switch timeframe to find the swing, that's good enough to trade

4. In this case, Daily / 2Day chart will work.

5. Apply the top & bottom indicator to the weekly squeeze.


- Creating strategies / Analyzing charts will only constitute for a 15% of the trading game.
- Other 85% still remain on RISK MANAGEMENT.

Developing risk management ===> Developing rules for the strategy.
20 hours ago
EURUSD, D Neutral
0 296
Majör Resistance : 1.39 price level, since resistance
has always been, the starting line of the Great Fall
"Level 236 is Fibonach"

First Resistance : This line is the line that prevents the
output price level in 1:37.
"Level 144 is Fibonach"

Green Line : This support was 1.35700 Line First Level Support

Channel (1) :
Channel Start, 1.39 Big Decline base was taken
Channel(2) :
Channel Start, 1.25 Decline base was taken

I know, But Major Resistance Trend Starts Rise After be passed
I'm Tracking Anytime, Red Majör resistance and Black First Resistance

Rise to say start of the motion 55 days
Fibonach Level 144 daily Fibonach level
and then cutting the level of 236 is required fibonach

Did not write the other line to avoid confusion of mind
Currently, you'll be in for our Louden? Is not he?

Conclusion: If you switch then to ascend
the red Major Resistance. But Now ; Down continues
20 hours ago
NZDCAD, 240 Short
0 30
Details on the chart
21 hours ago
GBPJPY, 60 Short
0 55
Daily uptrend
Daily Fib retracement at 78%

4 hour downtrend with recent bounce
4 hour Fib retracement at 38%

1 hour CTL uptrend - recent wick through it. Wait for break, retest and
continuation to enter
1 hour Fib retracement at 38% which is confluent with downtrend line touch

Target 1 = o% Fib on hour = 176.460
Target 2 = Area around the Daily Fib 0%/4 hour/1 hour -27% levels which
are all confluent = roughly 175.494
Potential target 3 could be 61% on 1 hour = 174.248 - but this is dependent on future price action and fundamental news
21 hours ago
EURUSD, 240 Short
0 334
Details on the chart