Captain_Walker

Captain_Walker

The Dollar has surprised loads of people, as well as it hasn't other people. 😊 The trend is still for the north. Why? We don’t need to know why. On the chart there is trend strength - the RSI is well over 50, ATR is for the north, and squeeze momentum is north. The consolidation pattern on the Aroon is still bullish. Nobody knows what will happen next. At...

Captain_Walker Updated 

The US Dollar index is not a play thing. Some will be aware that I've been tracking this index for a long time. Loads of folk have predicted that the Dollar Index will simply die. The evidence is showing that it ain't going down without a fight. It's a massive index of macro-economic importance. You've got to be one of the big boys with loads of time to wait....

05:03

Captain_Walker

This should bring out both bulls and bears! 😱 It's an amazing and long channel. The bulls will say that it's a breakout of the channel. The bears will argue that it means the NASDAQ will crash. I'm not into that debate. It's a dangerous one. Overall I think there is a slightly greater probability for the south based on the channel - but how far south is big...

Captain_Walker Updated 

Tradingview has some amazing data on COVID. This chart is of importance for long term investment purposes (see fat disclaimer below). Importantly this is about total of all cases infections and deaths. Some may say that's meaningless. But there are important features on the chart. Say what you see! I'll say what I see. If the war on COVID was being won, one...

Captain_Walker

If you don't know about the VIX, why are you trading? It's an index of volatility in the S&P500. But.. but.. hold on. What happens in the S&P500 affects loads of other things, like key forex pairs e.g. AUD, NZD, JPY, USD It won't tell you about entry and exit points in your trades. But it could tell you when markets are very volatile. Wait - aren't traders...

Captain_Walker Updated 

This is not a prediction. The daily chart of BTC is actually showing no surprises. But if you read lamestream media you will see how people are scratching their heads about a recent pump north on BTC. There are two important structure areas. The recent pump came off one of them - because 'everybody' was thinking the same thing. The next structure area is in...

Captain_Walker

In my own methodology I've shown in other charts that, it doesn't matter which time frame you make your money. I even showed a 3 min trend on one occasion. All this true is trend-following - which is different to following a moving average of some sort. The ATR line reacts differently to price fluctuations. The important thing is to minimise losses. This chart...

Captain_Walker Updated 

Tech has gone into a melt up! The word on the block is that there are no more bears. Well, loads of people are long in the market. Would you go long now? When I look back to March 2020, the dip south seems soooo insignificant. We know that markets correct but we don't know when major corrections are going to happen. What's driving the market? Some say it's...

Captain_Walker

Markets find their favoured trend. You can't really know what's what. But with a volatile instrument like silver you could bet it was going to be a big time frame. So this 6H trend south is most interesting. 'Everybody' knows that silver is going north. Okay so the present price point is close to the ATR line. Some say 'three times' lucky. Well, if you're...

Captain_Walker Updated 

The chart shows development of a serious 4H trend south. Price now struggling out of an RSI trench and could be forming a reversal or rebellion pattern. Generally RSI trenches are not places to go short, as basically you're late in the game. Of course price could disrespect the RSI - I've seen that happen - but generally initiating a short in a RSI trench (with...

Captain_Walker

Some never look higher. I always look higher. I've fond that in general the higher time frames behave differently than those below 15 min, in terms of volatility. The 3D and above time frames (like the weekly) are macroeconomic time frames. They tend to be slow and not as choppy as say 15 min time frame. When stuff happens on large time frames, expect...

Captain_Walker

As some will know, I've been following the US Dollar - DXY - which is a basket of currencies. The DXY is calculate comparing the USD against the weight of six major world currencies, which include the Euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), British pound (GBP), Swedish krona (SEK), and Swiss franc (CHF). The EUR makes up almost 58 percent of the...

Captain_Walker

Loads of people were demoralised on Friday 6th August 2021, when Gold took an amazing dip south. That was part of a 30 min trend switch. But - as I always say look higher. Now strangely, I am actually bearish on Gold in the long run. However, the technical picture is showing something different on the 1D time frame. And there are conflicting trends on lower...

Captain_Walker Updated 

I've been showing some interesting dollar surprises on different time frames. The DXY is a wild one! What everybody wants is a prediction. You don't get that with me. I show positions of probability. What that means is that if there is a 51% chance for one direction, then there is a 49% chance for the opposite direction. I'm not aiming to be right. I'm aiming...

Captain_Walker

It looks like some sort of head and shoulders. The momentum of price coming off the head was indicative of some follow through below the base and that has happened. Price has done the expected: ducking under the base and then popping back up for a retest. I just draw it like I find it, connecting what I see as the main points. I can never know if the market...

Captain_Walker

Well, some sneered a few weeks ago when I pointed out the 1D trend switch, that created a probability of a 50% correction. It happened. There was a deafening silence thereafter. As I say too often trend switches create probabilities which predict nothing. In this chart I'm looking at the 3D time frame where price has moved up to touch the ATR line. This is...

Captain_Walker

This could be good news - or bad news. Watch the divergence between the the S&P and two transportation indices. Some will see something and some will see nothing. Pain usually awakens the senses. Get ready for pain. Did I say when pain in coming? How would I know? I hung out my clothes from the washing machine to dry in bright sunlight this morning. Then...

Captain_Walker

Sorry - no predictions. From here, it's either up or down. Place your bets and expect to lose - it's called stop loss. Only bet what you can afford to lose. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No...