About meShort/long-term trader looking the Daily chart only. Using simple strategy with DeMarker, 200 MA and trendlines. I look for support and resistance zones and I oblige and the motto: "Trend is your Friend!". I hold positions for more than one day.
* A/D ratio is descending - accumulation is slowing down and we have a big divergence with the price level;
* Money flows are starting to turn south, as the capital outflow is following the A/D contraction;
* CM top/bottom indicator is in extreme top zone (overbought);
* Covid - 19 situation in New Zealand is somewhat under...
* CM top/bottom indicator signaling that a top is forming;
* A/D ratio decending as accumulation is nearing its peak;
* Money flows turning lower as money are going out of stocks;
* Labour market starts to hick up again as new Covid - 19 cases rise in the US;
* Labour market cracks will weigh in on other economic indicators;
* FED lower...
My trading philosophy
As each art, trading is also a craft that requires knowledge, skills and discipline. All of these three aspects of every craft form a philosophy that is individual for everyone. You actions, decisions, thinking and idea - birth process will revolve around that philosophy. As practise comes it forms principles and a routine. Being a...
Hello, dear Traders and readers of mine! Hope you're all well and as well that you're prepared for today's great excitement - the US Presidential Elections.
I am posting an idea to short BTC for the near-term interval.
Aggressive sell here, because we have a descending divergence between DeM and the price and DeM is moving below the 0.7 level, triggering a sell...
The DeMarker indicator, also known as DeM, is a technical analysis tool that compares the most recent maximum and minimum prices to the previous period's equivalent price to measure the demand of the underlying asset. From this comparison, it aims to assess the directional bias of the market. It is a member of the oscillator family of technical indicators and...
Hello, dear Traders! Hope you are all well and trading is profitable.
The Euro remains still under strong pressure and USD strength is gaining, especially before the US Presidential Elections. The long-term downtrend has been tested in July and since then pair is stuck in a side-ways movement. Recent strong moves down are accelerated with the ongoing Covid crisis...
Hello, dear Traders! Hope trading is going very well in these troubling times! Finding opportunities to trade in these uncertain moments is also very hard.
EUR/CHF - long-term downtrend with Swiss's strength growing long since the Covid crisis. Price has touched down on the 200 MA after the last correction and here are two potential scenarios that may play...
As mentioned in my previous SPY analysis, the ETF is on it's way to form a hypothetical Double top. We have a confirmed MACD crossover now and a move below the trendline of the short-term uptrend with a gap.
We are headed towards the neck at 320 level, which will be crucial for the tracker before the US Presidential elections.
You can open an aggressive short...
SPY, the ETF that tracks the SPX performance has managed to remarkably recover from the lows of spring this year as the COVID -19 virus threat became real.
The ETF has drawn up a very determined short-term uptrend, supported by the FED's interventions in the CEF, ETF and Bond markets.
Currently the ETF has been trading in a range since September...
Okay, so two possible scenarios for XAUUSD here:
1. Price with strong demand acceleration breaks out of the triangle formation and starts to head out towards the 2050 price level zone. The long-term uptrend is intact and the bulls prosper.
2. Price fails at the resistance level circa 23.6 Fibo and breaks the main trend support line. Bulls will give up a fight...
Bitcoin has been recently stuck in a sideways short-term movement. The long-term upside range is still intact and not tested (yet) (or with signs of continuing it).
Demand has been slow with the past days as bulls and bears are fighting to find a proper direction at first, not to even consider a strong acceleration of the movement.
We have reached the top of the...
As with negotiations still ongoing in no concrete direction, the British Pound remains in a short-term range. Though the pair's long-term upside trend remains intact, a fail at 1.30000 may lead to a test of the support zone near the 200 SMA and the 38.2 Fibo level.
Price remains in a choppy move between the 200 SMA and the 23.6 Fibo zone. TD Sequential has not...
Short - term range in EUR/USD seems to be holding for now. As the Pandemic started to get out of control and with the USD broad weakness back then, the Euro managed to gain significantly on the risk off background. As with the situation starting to stabilise a bit and ''the new normal'' setting in, the pair entered a range as the bullish movement got exhausted....
Are we going to see the 10 - year yield getting out of the downtrend or ready to move lower?
As yields in bonds is getting better, gold starts to lag nicely as it is being dumped pretty fast. Stocks are getting FOMOed aggressively, but yields are starting to rise again. Reaching that critiral point to answer our question will define if the stock's rally is near...
With the recent risk off sentiment that is forming and the bearish price action on the indexes, we can see a potential move up in gold. Current correction may be over as the price is still inside the bullish flag.
Uptrend is intact.
Greed has stepped in and volatility has fallen at levels not seen since July. Market seems to be falling into complacency, as stocks are breaking new highs with each day.
Though that may change soon, as VIX is now in zone 1 of a possible move up.
While the FOMO effect kicks in for equities, the US indexes are making new fresh highs in the midst of renewed trading war uncertainty. Lower rates are indeed boosting stocks, but we are coming closer to a point where things may turn South at least for the near-term.
SPX has more room to go up, but I would expect the movement to be limited at the marked point.
USD's strength has been quite unexplainable due to the lower rates in the US now. Though some explain it as a safe haven move, seems investors don't mind the expensive USD to buy stocks. Currently price plays out very well the DB on the daily chart and is moving up nicely to its target. I would expect more strength for the near-term.