HughGRection

PRO
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About me 18 years investing/trading equities, options, and commodities. 9 years Forex. Physicist. Confluence of Technical, Fundamental, and Psychological Analysis. Professional algorithmic Forex & Cryptocurrency trader.
Joined MarketWillzard
Markets Allocation
63 % forex 21 % indices 15 % cryptocurrency 2 % other
Top Mentioned Symbols
EURUSD 20% | 10 GBPUSD 18% | 9 DXY 16% | 8 USDJPY 8% | 4
HughGRection HughGRection PRO QTUMBTC, 240, Long ,
QTUMBTC: QTUM at a great buy spot
292 0 2
QTUMBTC, 240 Long
QTUM at a great buy spot

QTUM is back down at what has been a bottom several times for a while now. There are a large amount of buyers near 0.0024 and right below. Huge divergence showing on the RSI, and the stochastic looks poised to cross back out of oversold. This area coincides with an important Fibonacci retracement level, and it appears likely to make its way back up to one of the ...

HughGRection HughGRection PRO BTCUSD, D,
BTCUSD: Bitcoin approaching critical support level(s)
185 1 3
BTCUSD, D
Bitcoin approaching critical support level(s)

On the daily chart, Bitcoin's overall trend is still in bearish territory, but there is reason to believe we will find some support soon. The 10 period VWMA is below the 20 period VWMA. The current price is in the channel between the 2 and 3 standard deviation Bollinger bands. This is an indication of a strong downtrend, but it's a very likely area to see ...

HughGRection HughGRection PRO NEOBTC, 15, Long ,
NEOBTC: Bullish Pennant forming in NEO
444 3 6
NEOBTC, 15 Long
Bullish Pennant forming in NEO

A bullish pennant appears to be very near completion. A break from this wedge will be coming soon regardless of direction. This is generally a bullish symbol though, and NEO appears to have a lot of momentum still behind it. Also, NEO has retraced completely to the 61.8% Fibonacci line from it's most recent rally. The 50-61.8% lines tend to be the full retracement ...

HughGRection HughGRection PRO TRIGBTC, 15, Long ,
TRIGBTC: Blocksafe(TRIG) broke key resistance. Next swing up started?
282 0 4
TRIGBTC, 15 Long
Blocksafe(TRIG) broke key resistance. Next swing up started?

TRIG has just broken key technical resistance, and appears to have started it's next leg upward. There are still a lot of sellers around 0.00024 - 0.00025 BTC, but these sell orders are steadily getting cleared out after the break upward. Ideal entry point is near a retest of the recent high near 0.00022 with a stop close below 0.000205 depending on risk ...

HughGRection HughGRection PRO PAYBTC, 240, Long ,
PAYBTC: TenX(PAY) positioned for a good bullish entry
492 2 2
PAYBTC, 240 Long
TenX(PAY) positioned for a good bullish entry

TenX(PAY) has been massively sold down. It has retraced all of its rally from August 10th, and about 85% of it's total August rally. This was compounded by the panic caused by Bitcoin's recent correction. As long as the correction in BTC is over, it looks likely that TenX will continue to rebound. There are very bullish candle patterns and price/momentum ...

HughGRection HughGRection PRO OKBTC, 60, Long ,
OKBTC: OKCash buy on dips scenarios
1199 2 3
OKBTC, 60 Long
OKCash buy on dips scenarios

OKCash has seen a huge run up the past couple of days while everything else has seen a large flight of liquidity. It could potentially keep going up from where it is, but it appears most likely to correct before making much progress upwards. Right now it is barely hanging on to the 10 period VMWA on the H1 chart. There are huge walls of sellers around 0.000083 BTC ...

HughGRection HughGRection PRO BTCUSD, D, Short ,
BTCUSD: BTCUSD Showing several signs of topping
196 1 1
BTCUSD, D Short
BTCUSD Showing several signs of topping

It's hard to say how long term this top will be, but there are many signs pointing to some sort of correction happening. I've put a couple different scenarios on the chart depending on how serious the outflow of equity is. IF BTCUSD does have a substantial breakdown, this will drive a lot of liquidity into Alt Coins as cryptospeculators are hunting for yield.

HughGRection HughGRection PRO USDJPY, D, Long ,
USDJPY: USDJPY v NKY Correlation Dictates Next Move
546 0 1
USDJPY, D Long
USDJPY v NKY Correlation Dictates Next Move

- I've highlighted the areas where the USD/JPY correlation with the Nikkei has broken down in the past calendar year. These periods happened to be during declines or flat spots in the USD/JPY. They made up almost all of the significant down trends in the past year as well. The main glaring exception is the decline from the peak at 103.726. My assumption is that ...

HughGRection HughGRection PRO DXY, D, Long ,
DXY: USD appears corrective at pivotal support
211 4 1
DXY, D Long
USD appears corrective at pivotal support

- After correcting at the previous 2 year trend line and 200 day MVA, the dollar has found support at the 0.382 Fibonacci retracement. If you take a look back over the past couple years, this has been an area of pivotal support/resistance numerous times. I expect a bounce from this level to retest and possibly even break the previous trend line as long as the RSI ...

HughGRection HughGRection PRO GBPUSD, D, Short ,
GBPUSD: Confluence of Technicals With Clear Targets
689 7 11
GBPUSD, D Short
Confluence of Technicals With Clear Targets

- I've been stalking this trade for a while, and everything for a downside scenario has finally come together. - We've formed a pretty clean head and shoulders pattern right at the top of a multiyear wedge. - This pattern is strengthened by a break of the trend line from July, but will be confirmed by a break of the neck line at 1.59. This also happens to be the ...

HughGRection HughGRection PRO USDJPY, M, Long ,
USDJPY: Long Term USDJPY View
258 1 1
USDJPY, M Long
Long Term USDJPY View

It appears the USDJPY perfectly obeyed the Ichimoku cloud on the monthly chart. Now that it has corrected into the 9 period moving average, the stochastic is starting to show a turn to the upside as well. These clues along with the still almost perfect correlation to the Nikkei 225 give me the impression we will see the start of the next leg up soon. If this ...

HughGRection HughGRection PRO DXY, 240, Long ,
DXY: USD divergence hinting at a positive reaction to NFP's
172 3 0
DXY, 240 Long
USD divergence hinting at a positive reaction to NFP's

- There are 2 current bullish divergences on the RSI. - This could be easing of short positions into the event risk, or possibly an indication of a positive USD reaction to the NFP's. - Obviously this will depend on the actual data, but even a release in line with expectations should produce a relief rally to the USD. It is currently heavily oversold against ...

HughGRection HughGRection PRO SPX500, D, Short ,
SPX500: A cyclical look at the SPX trend channel
381 0 2
SPX500, D Short
A cyclical look at the SPX trend channel

While doing some analysis I found an interesting correlation between the current divergence showing up on the SPX and the divergence shown before the last major correction. Obviously we are in a 4 year bull market, but the position in this trend channel may offer some insights. - The last time the S&P 500 broke into the top quarter of the channel, it stayed there ...

HughGRection HughGRection PRO SPX, D, Short ,
SPX: Why 4Q 2013 is Going to Get Ugly
239 1 2
SPX, D Short
Why 4Q 2013 is Going to Get Ugly

First, I'd like to focus on the technical indications of ebbing market momentum. The S&P 500 was able to finally break through to a new all time high, but it has shown a lot of hesitance since then. This shows up in the divergence between price action and the MACD(higher highs on the SPX and lower highs on the MACD). The case for weakness is made stronger by the ...

HughGRection HughGRection PRO DXY, D, Long ,
DXY: RSI/DXY Divergence hints USD may reverse to rally on FOMC Mins
247 0 0
DXY, D Long
RSI/DXY Divergence hints USD may reverse to rally on FOMC Mins

- FOMC minutes in yellow, FOMC meetings in white 4 out of the past 10 FOMC Minutes releases have resulted in a reversal of the DXY trend that was set in place from the previous FOMC meeting. Each one of these reversals showed a divergence between price action and the RSI. That same indicator is showing up again prior to this release of the FOMC minutes. The DXY ...

HughGRection HughGRection PRO DXY, W, Long ,
DXY: 2 Year Bull Trend Intact
105 0 1
DXY, W Long
2 Year Bull Trend Intact

- DXY resting on 2 year bull trend line, 0.382 Fib, and lower BB - MACD still positive - ATR at support along with the upcoming paradigm policy shift implies we are nearing a large swing

HughGRection HughGRection PRO DXY, D, Long ,
DXY: Encountering support at 10 month trendline & 0.382 Fib
205 0 1
DXY, D Long
Encountering support at 10 month trendline & 0.382 Fib

- Very strong support at intersection of 10 month trendline & 0.382 retracement of that rally - DXY will see a strong bounce if retail sales & jobless claims are positive - DXY should see a moderate recovery if data is mixed or flat considering how oversold it is - DXY should continue falling to 0.5 fib if numbers are disappointing

HughGRection HughGRection PRO EURUSD, D, Short ,
EURUSD: Doji at the top of the cloud
140 1 1
EURUSD, D Short
Doji at the top of the cloud

- Currently 2 doji's at the top of the Ichimoku cloud - Stochastic extremely overbought - Almost perfect negative correlation between the EUR/USD with FTSE, SPX - Sitting right below the 0.382 Fib line - If tonight's GDP is revised down there will be a decent sell off. Tomorrow's ECB decision will have a much larger impact with Friday's NFP having the final say ...

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ETHUSDT
Ethereum / Tether USD
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BTCUSD
Bitcoin / Dollar
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XMRBTC
Monero / Bitcoin
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MCOBTC
Monaco / Bitcoin
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OMGBTC
OmiseGo / Bitcoin
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ETHBTC
Ethereum / Bitcoin
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XRPBTC
Ripple / Bitcoin
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NEOBTC
Neo / Bitcoin
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PAYBTC
TenX Pay Token / Bitcoin
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U.S. Dollar Index
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