649bruno

649bruno

So may times I see market participants make projections based on price structure alone. This, for sure, is a sound approach. The price projection is based on the chart in relation to the Y axis (vertical, up and down). Regardless of your technique, if you are serious about your trading, and you want an edge, try using Fibonacci time cycles (this is your X axis, or...

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If UUP is getting weaker, then the inverse, UDN, should be getting stronger. The time cycle on this chart is daily. In part One I said UUP was weak. To determine the STRENGTH in UDN (the short for the USD). Here they are, "Don's Top Ten Technicals": 1. The Ichimoku Cloud is reversing. 2. Prices are trading above the cloud. 3. Prices are trading above the thick red...

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The USD looks weak after a long uptrend. Using UUP as a proxy for U.S. Dollar strength or weakness, the chart above has a decided negative trend. Note: The UUP underlying currencies are Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc. As for UUP: To help you understand why I feel prices are going lower, here they are, "Don's Top...

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The time cycle on the chart is weekly. The one hour and four hour charts are more positive - but never trade a 4 hour chart when charts of longer duration tell you differently. In part 1 for SLV I said there were other indicators I used to determine the weakness. The above chart is extremely weak. To help you understand why, here they are, "Don's Top Ten...

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The chart above is of daily time duration and I am using SLV as a proxy for silver. I detected a mutated bullish crab XABCD pattern. Some like to call this a bullish anti-crab. From my experience, when impulse leg D lies between X and A, then the retracement of D to A usually will pivot at Fibonacci .618, .50, or .382 before reversing to the downside. The negative...

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The time cycle on the chart is 4 hours. In part 3 I said there were other indicators I used to determine the STRENGTH in MO. The above chart is weak, and the chart is for the S&P 500 using SPY as a proxy. Unlike the chart in Part 3, SPY is weak, not strong. To help you understand why, here they are, "Don's Top Ten Technicals": 1. The Ichimoku Cloud is FALLING...

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The time cycle on the chart is 4 hours. In part 2 I said there were other indicators I used to determine the STRENGTH in MO (Altria Group). Here they are, and for fun lets call them "Don's Top Ten Technicals": 1. The Ichimoku Cloud is rising. 2. Prices are trading above the cloud. 3. Prices are trading above the thick red Ichimoku Cloud Conversion line. 4. The...

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This is the second of a four part series I am writing to help you identify potential STRENGTH in your charts, and, hopefully, make you some money. Altria Group, parent company of Phillip Morris, completed a Bearish Butterfly pattern. Unlike SPY, please note two key strengths in this chart. After the C to D impulse leg the price action in MO was lower, as it...

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This is a four part series I am writing to help you identify potential weakness in your charts, and, hopefully, save you heartache and headache. This is an update of an S&P 500 Bearish Bat pattern (using SPY as a proxy) that I published two weeks ago. Please note two key weaknesses on this chart. After the C to D impulse leg the price action in the S&P is lower,...

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13 days ago I published the above bearish bat formation for the S&P 500, using the SPY as its proxy. The following is part of what I wrote: "The S&P 500-0.14% (also SPY-1.20% ) recently completed a Bearish BAT pattern on a one day time duration. This is a possible 2618 trade, with the 2.618 level being approximately 1867 (on the S&P 500-0.14% ) as a meaningful...

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14 Days ago, with DB-3.59% at $18.02, I published a "Bearish Butterfly" formation I detected in Deutsche Bank. From Fibonacci extensions the downside projection was to $15.50 on or before April 12, 2016. Today (April 7th, 2016) DB-3.59% hit $15.54. I had positions in DB-3.59% Apr 15 2016 Puts, Strike Price of $20. I took profits because these puts expire in about...

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The above is a 15 minute time interval. What you do not see is the trend was faster on a 5, 3, and 1 minute chart. On the shorter time duration charts the Ichimoku Clouds were moving up. If the IWM is going to fall, a good way to "play" this move is RWM. In follow-up One I showed that the IWM trend is down, so I bought RWM. I will try my best to explain the above...

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Over the weekend I tried to explain why I was negative on IWM. The above chart is for 15 minute intervals, and is for Monday, 04-04-2016. I highlighted two elements of the Ichimoku Cloud, the thick red conversion line, and the thick black Ki jun-Sen baseline. The negatives are many. I explained that on Friday the price action of IWM was selling through the...

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The chart above is daily, and is a combination of the Ichimoku Cloud, Pattern Swing Trade, and Alligator systems. There is a bullish and bearish case for IWM. The pattern swing trade shows a bearish bat the the end of impulse leg D (Fibonacci .618). Yet, if you look to the far right on the chart (bright green up arrow), the Ichimoku Ki jun-Sen (baseline) just...

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Above is a daily chart of GLD. In a classic bull or bear debate about gold, it's always wise to look at objective evidence, rather than trade on just emotions. Please, if you will, look to the far right on the chart. There you will find S2 and S3. These are support points for price. In "Gold Bugs Part 3" we clearly identified where S2 and S3 came from, didn't we?...

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In "Gold Bugs Parts 1 & 2" I made the case for an inverse relationship between DXY and GLD. Near term, I look to GLD to drift lower. I do think GLD is going to continue its uptrend, but the entry point is likely to be Fibonacci .50 ($111.25) or Fibonacci .382 ($108.61). I look to the three indicators to guide me. Now, please move on to "Gold Bugs Part 4".

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This is the second of four charts about gold. Part 1 demonstrated weakness in DXY in June of 2010. The chart above shows that during the DXY 2010 weakness, GLD had a sharp rally. In July of 2011 gold began a long and steady downtrend. DXY remained sideways to strong. The downtrend in GLD was broken early in 2016. If you review "Gold Bugs Part 1" you should see a...

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This is a 6 year chart. I believe that we all must know the bigger picture before we trade in the present time. Always look left on charts because structure leaves clues. To help you to understand the direction for gold prices, I have prepared four charts for your consideration. The objective evidence indicates that if the U.S. dollar (as measured by the dollar...