As usual - no guarantees. The position shown on 1D is optimal soon for a move north on a lower time frame. No loss - no gain! Control losses!
This looks like a rising expanding wedge to me. Price has shot down most recently from the upper edge and seems to be struggling at the lower edge, on this 8H time frame. Most people may not trade on this time frame but it could be useful in terms of gauging expectations on lower time frames. My probability is for the south on the 8H. Do share ideas if you...
Boeings M737 Max problems are said to be over due to its software fix, according to industry gurus out there. I disagree! Why? This is not a software problem. This is a nightmarish legal problem in the backdrop. Earnings on Boeing are expected to suffer in June-July. Like really - are all the gurus expecting bigger earnings when Boeing is likely to suffer a big...
Anything can happen in the next few hours. Up or down? Theory of curves on Gold seems to indicate probability is north (greater than south). No guarantees. All you can do is take an acceptable loss. No loss - no gain! The choice is yours.
People certainly think that Bitcoin has value! How do I know? Because there is incontrovertible evidence that in recent days people have gone greedy for it. However there is expert opinion (which shall remain nameless) that Bitcoin is NOTHING and has no value at all. I'm really amused by this opinion because it flies in the face of evidence. The chart shown in...
The chart shows either a wedge (broadening descending) or a parallel channel. It is important because the former more times than not is an indication of probable reversal northward. The latter (the channel) creates more probability for the south. As many will know much of the volatility in the last few days has been related to the US-China trade talks and...
GBPAUD has retreated from a major breakout north down to a key ATR support level. This creates probability for the north. But caution - for every probability estimate in one direction there is a residual probability in the opposite direction.
Well, well - I have to thank Mr Trump for breaking the news that he's gonna raise tariffs on China about an hour before the open of the markets last night. The DJI and loads of other markets took a dive. I'm short of course, and trailing a 2H ATR trendline. On open of the markets there was a gap down of about 430 points. Never before have I seen anything like this...
The Indian Markets are hardly every the topic of discussion on Tradingview. Most people look mainly for the DJI - cuz 'America is great'. For me, it don't matter; wherever there is an opportunity I'll pay attention. The Indian Market is in a precarious position right now. I see some sort of expanding upward wedge. This can create probabilities for the north or...
Google suffered the biggest one-day tumble in its history - some $70 Billion wiped out ! Alphabet announced about 2 hours ago that Eric Schmidt the CEO for the last 18 years, will resign from June 2019, and will not seek to be re-elected. This is not great for investor confidence in the short term. Schmidt's resignation won't cure Google's woes anytime soon....
This is a short take. EURNZD has shown an initial sharp switch for the south on 4H time frame. Looking at the history of this time frame (over the period shown), this usually is followed by further travel. How far? I don't know. See chart snapshot below. But this pair is a very volatile one so don't expect it to go down smoothly - and there may be nasty...
If you've never heard of the Yen 'flash crash' on 3rd Jan 2019 (after a 4 day bank holiday in Japan), you definitely need to watch this. We have a 10-day bank holiday in Japan in Golden Week. The previous mini-crash was on one day. Loads of retail forex traders were wiped out. Now we're staring at potentially something more than a mini-crash on Yen pairs. What...
See the monthly picture of Amazon. This is not a confirmed double top as yet. But there could be trouble if it turns out to be. I always look to the higher time frames to see what influences may be ahead for lower time frames. Note that most of Amazon's boom is in the era of 'free-money' supplied indirectly via the FED. If Amazon is going to break down (and...
Yep - 25th July 2016 - I was asleep. So I missed my chance! LOL. If I had bet on the USD against the Argentine Peso going long, I would probably now be sunning out somewhere in the Maldives instead of hanging out on Tradingview! Chuckle chuckle! I'm throwing this educational post up, only because I wanted to show that there are so many opportunities out there,...
US Oil presents some serious challenges for those looking to short this market. This analysis is time frame dependent. Which way you might want to go depends entirely on trends in respective time frames. DAILY PICTURE 1. On the daily time frame this is very much a bull market. We can see that in the ATR (amber trendline) and the green Guppy investor zone. 2....
GBPAUD (2H) is showing a breakout from a down trend. This could mean further travel north. Have a look. This is not a recommendation for anyone. No predictions - as usual.
It looks like a cup. At this point we can't tell if this is a cup-and-handle. We could the handle developing in a few days (or not). As Mr Trump would say, "We'll have to wait and see". It's worth preparing for.
This chart of DISNEY is specially for people who like 'predictions' or trying to predict market moves. But everybody is invited to guess where price is going in the one-week period after 8th May 2019. Note what happens at or around earnings release dates. I've put vertical lines on the chart to make earnings events easier to see. Okay - I'll stick my neck out...