DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
GENERAL ELECTRIC COMPANY, ISHARES MSCI EMERGING INDEX FUND, SPDR S&P 500, UNITED STATES OIL FUND, MAGNEGAS APPLIED TECHNLGY SOL INC, ADVANCED MICRO DEVICES, INC.
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
I rarely trade directly against a strong and intact trend, so consider this "hesitant advice" rather than anything concrete.
The DXY measures USD strength against a basket of currencies and weightings, and is closely watched by every serious market analyst. Therefore, looking at it directly for technical patterns and signals provides a trader with "what if" ...
This is just a quick study for my own curiosity.
It maps out the real world closing price vs the Heikin Ashi closing price. I think I'll make the indicator a mainstay of my trading charts, as it's useful to see. It also makes manual backtesting more viable.
Some interesting observations:
Long-term average difference between real world closing and HA ...
AUD/NZD is showing weakness at an area of supply that has rejected price twice before. However, we're not looking at support and resistance, so the longer an area of supply/demand is tested, the weaker it becomes. But it's interesting that price has already dropped 20+ pips today (on a low trading volume day - Monday's always are!).
Price has made a run up to ...
EUR/AUD is displaying a lot of weakness, and while it seems weird to buy the Aussie, the weakness is unmissable. The only thing that will prevent a drop is some positive news (although nothing is predicted at this point).
We have massive momentum divergence on the H4 (and replicated on the D1 as of Friday), plus bearish Money Flow Index divergence as buyers ...
This is the first Market Update for the USD/JPY! Check out the recent "Update + The Way Forward" video for an explanation of what these are and why I'm doing them :)
Suffice to say, the USD/JPY is reaching a critical point that will likely define the market for the coming years. That's the longer-term view, but over the short term I'm expecting a swing ...
I've been absent from TV for awhile (in terms of making ideas/updates), and did some soul searching as to what I think would be most beneficial to people out there. As the video mentions, I've come to the conclusion that I won't be providing specific entry and exit points anymore. Instead, I'll provide "market update" type videos, where I run through ...
AUD/NZD is approaching a major reversal point that we have identified on the monthly chart (although it's visible on all charts, of course - the monthly just provides clarity!).
The notes in the image should explain all of it, but please let me know if there are any questions.
The most important thing with trend reversals is to wait for confirmation. Don't try ...
NEO/BTC has been in a descending triangle pattern for a few weeks now, and we're beginning to enter the period in which a triangle pattern breaks out either way.
These patterns are usually bearish, however an upward break on a descending triangle is very powerful. As most of you are long traders, keep an eye out for this. If you're happy hedging, then you can ...
DNT/BTC has been in a steep bear trend for the better part of 2 months, but there's signs that bullish strength is beginning to build in the market.
First up, this is a long-shot. So I'm not making ANY buy recommendations yet. I won't even entertain that until we get a solid daily candle that closes above the bear trend line (something that hasn't happened ...
TRX/BTC looks to have established itself in a new consolidation trend after a sustained downward bearish movement. Bulls have definitely re-entered the market and halted the price decline, and we're also sitting at a strong level of support that has been tested multiple times over the last 2 months.
My personal recommendations:
Enter at the ...
MANA/BTC has established itself in a consolidation period since mid-Jan, and has therefore developed strong areas of support and resistance.
The price on the higher time frame is entering the support zone, and the lower time frame is providing multiple signals that bulls are re-entering the market and gearing up for a test of the resistance zone. If this happens ...
I covered DGD/BTC prior to the most recent breakout (35% increase), and noticed a Volume/Price divergence (as indicated by the VZO).
I've returned again to show you that the same situation is occurring on the H1 chart. Price has trended sideways (2% increase) over the last day, and yet the VZO is showing a huge buildup of bullish pressure. To me, this is ...
This is the last video in this little series on the CTR/BTC price spike that we've been following for awhile, and today we're covering exit points/signals & stop-loss strategy.
Bear in mind that this is my personal way of doing things, and you shouldn't just follow this blindly. This is what works for me, and takes into account my personality and ...
Here is part 2 of the CTR/BTC entry signals video. It focuses on pinpointing an entry level using a lower time frame.
I'll put out an exit signals video shortly that covers things from that perspective.
As always, let me know if you have any feedback or suggestions for future videos.
Cheers and good luck,
I've had some PM's about the price spike we had for CTR/BTC over the last 24 hours, given that I did some analysis on this a few days back.
I've recorded this vid to provide some context around what you should have been looking for! There's also some time spent on what not to do, which will hopefully be useful for newer traders.
Hope it's useful. Let ...
This is my first video upload, so apologies for any quality issues.
I've just come across this CTR/BTC trend/recreation that is quite interesting, and I thought I'd share it all with you.
The video should explain everything, and I'll provide updates as things progress.
Note: I'm definitely NOT suggesting another 800% price rise. Anyone who does that should be ...
DGD/BTC is heading for an epic breakout.
Since the huge 100%+ rise on the 2nd Feb it has been swinging between momentum cycles (15% - 45% swings), but now we've reached a stage where the bulls and bears can't land a knockout blow. This means there's a huge amount of pressure building up in the background, and one side will have to give. The side that gives is ...
BTC - the asset on everyone's lips! Given the scale of the price reversal, I'm sure there's many of you who are watching the charts incredibly closely.
I've drawn up a few (quite basic) thoughts that the indicators are providing us. But in sum, I think this is truly a 50/50 case. There's very strong underlying support at $8k, which also has a psychological aspect ...