TRDVMA

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About me Previous Aircraft Design Engineer and current full time Technical trader and trading software developer. Have for over 20 years accumulated experience in technical trading. Developer of AlincEcosystem Pattern Recognition software.
Joined CANADA alincecosystem
Markets Allocation
60 % forex 40 % other
Top Mentioned Symbols
USDCAD 42% | 101 UKOIL 25% | 59 SPX 9% | 23 EURUSD 8% | 20
TRDVMA TRDVMA USDCAD, 1D,
USDCAD: USDCAD Not Ripe for Long Entry. Stay on the sideline.
27 0 1
USDCAD, 1D
USDCAD Not Ripe for Long Entry. Stay on the sideline.

The initial 5 wave move is almost nearing the end while BB indicator (on chart) is overbought. Also there is a strong resistance (red line) to surpass. All these considered, I would suggest to keep away from buying long into USDCAD for a while. Today's rally is just a reaction to S&P equity dump and most likely will be short lived. There will be good opportunity ...

TRDVMA TRDVMA SPX500, 1D,
SPX500: A possible scenario for SP500
219 2 4
SPX500, 1D
A possible scenario for SP500

The other possibility is that the current move is the first wave of another bull trend, but I doubt, considering the sharp sell-off a few weeks ago. We'll see. For the people who want to buy into the market, I would suggest to wait at least for the next oversold condition (check out daily MACD for instance).

TRDVMA TRDVMA USDCAD, D,
USDCAD: Will USD/CAD bounce back in up direction?
31 0 3
USDCAD, D
Will USD/CAD bounce back in up direction?

Currently most of the indicators and levels indicate a reversal. We are waiting for a thrust signal to validate a Buy. More to come on USD/CAD

TRDVMA TRDVMA USDCAD, 480,
USDCAD: USD is resisting against CAD
127 2 5
USDCAD, 480
USD is resisting against CAD

With OPEC decision, Russia-Saudi deal to limit oil production, situation in the ME, Oil is destined to rise. We can see this on the Oil charts as well (analysis later). It seems that there is a enthusiastic crowd of traders betting against the CAD. This we can see on the chart as high volatility and triangular formations since May 2016. There were multiple ...

TRDVMA TRDVMA USDCAD, 480, Short ,
USDCAD: Strong Sell if....
75 0 4
USDCAD, 480 Short
Strong Sell if....

crosses "strongly" the blue line as shown on chart

TRDVMA TRDVMA SPX500, D, Long ,
SPX500: SP500 WATCH BREAKOUT
120 0 2
SPX500, D Long
SP500 WATCH BREAKOUT

as shown on chart

TRDVMA TRDVMA UKOIL, D, Long ,
UKOIL: Brent Oil Update-Watch Breakout
135 0 3
UKOIL, D Long
Brent Oil Update-Watch Breakout

Watch the Breakout shown on the chart. If strong Oil should be a definite buy. The price action is textbook perfect as seen on the chart above. All waves and corrections are textbook perfect.

TRDVMA TRDVMA USDCAD, 480,
USDCAD: USDCAD Alternate Analysis
105 2 3
USDCAD, 480
USDCAD Alternate Analysis

The Elliott pattern in our last analysis has been modified as can be seen on this chart. The alternate count for the second wave is an ABC pattern as correction (abc letters in circles on the chart). It seems that this pattern is nearing the end. There is a squeezing triangle (better called a negative wedge), quite noticeable at hourly chart. This means weakness, ...

TRDVMA TRDVMA USDCAD, D,
USDCAD: USDCAD LATEST
100 2 4
USDCAD, D
USDCAD LATEST

As you can notice, I did not yet removed the 1-5 elliott wave formation on the chart, as it is not INVALIDATED yet and it is still a very much viable path. There are two (2) important points marked on the chart (marked as SIGNIFICANT RESISTANCE). Watch out these points. Especially the top point is quite strong. It is the Apex of a narrowing triangle and also has ...

TRDVMA TRDVMA USDCAD, 480,
USDCAD: Canadian Dollar Update
33 0 2
USDCAD, 480
Canadian Dollar Update

As expected, the price action came up to the Apex point of the triangular formation shown on the chart and bounced back down from this point. The major Head and Shoulders formation still holds. The triangular formation was broken out a couple of weeks ago, which indicated weakness. The return to the Apex and then the sharp decline again points to the continuum of ...

TRDVMA TRDVMA SPX500, D,
SPX500: A Very interesting way to measure market direction
228 2 5
SPX500, D
A Very interesting way to measure market direction

A few weeks ago I have stated that the SP500 have some signs that the market will be bullish. I still favor this idea. Here I will try to describe a very interesting indicator, which has shown lots of merits. It is called the "Contrary" or "Sentiment" indicator. It is a contrarian strategy. When everyone follows an idea (i.e.market will go up), you should take the ...

TRDVMA TRDVMA USDCAD, W,
USDCAD: USDCAD LONGTERM VIEW
91 2 2
USDCAD, W
USDCAD LONGTERM VIEW

A possible track for USDCAD. Longs shall beware. Shorts shall pick up good entry points at minute or hour based short term trades. Regards

TRDVMA TRDVMA USDCAD, 480,
USDCAD: Warning for USDCAD
31 0 3
USDCAD, 480
Warning for USDCAD

If our count is correct and if our model is right, this could be a massive short to 1,257 levels and after to all the way to 1.23 (wave 5) to the possible mega neckline (shown on chart). Long positions shall be EXTREMELY CAREFUL!

TRDVMA TRDVMA USDCAD, 480,
USDCAD: USDCAD Review
93 0 5
USDCAD, 480
USDCAD Review

We are at a very crucial point and it is rather difficult to assess in which direction the price will be heading. At this point, the only thing we rely on is the momentum. If the momentum accelerates in the up direction (or down direction), this would be the clue in which direction the price is finally heading. So watch strong "thrust" movements either ways to ...

TRDVMA TRDVMA USDCAD, D,
USDCAD: How likely is it that USDCAD is going down-Part3
57 0 4
USDCAD, D
How likely is it that USDCAD is going down-Part3

This is the final analysis (part 1 and 2 can be found on Brent Oil chart and US Dollar index chart). We see: -Negative Divergence in between Points C and S (on chart) at MACD -Price touching 200 days MA from the bottom -Price is at a strong resistance zone (shown as dotted red line on chart) -Larger picture shows a perfect Head and Shoulders formation -Price ...

TRDVMA TRDVMA UKOIL, 480,
UKOIL: How likely is it that USDCAD is going down-Part2
111 0 2
UKOIL, 480
How likely is it that USDCAD is going down-Part2

Continuing from the first part of our analysis (refer at my USDollar index analysis), I see on the Brent Oil chart the following: -Price is at 61.8% golden ratio point -High level of divergence (RSI, MACD etc) -a bullish wedge formation (regard squeezing of pricing) -Some support levels hit On contrary, wedge formation channel is broken down but there is a bounce ...

TRDVMA TRDVMA USDOLLAR, D,
USDOLLAR: How likely it is that USDCAD is going up
25 0 1
USDOLLAR, D
How likely it is that USDCAD is going up

Here is the first chart which gives us some clues. This is NOT the USDCAD but US Index chart. We can see clearly a Wedge has formed for the last couple of weeks around a strong Resistance zone, highlighted by a red box on the chart. It is now broken down. I would rather assume a back-tracking from this point on in the down direction, with a possibility all the way ...

TRDVMA TRDVMA UKOIL, 480,
UKOIL: Oil Breakout to a very profitable 3rd wave and back to 80-100$?
125 0 3
UKOIL, 480
Oil Breakout to a very profitable 3rd wave and back to 80-100$?

Just thinking loud. A real possibility. I will post a detailed analysis soon. Stay tuned.

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ETHUSD
Ethereum / Dollar
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UKOIL
Crude Oil (Brent)
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USDCAD
U.S. Dollar/Canadian Dollar
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SPX500
S&P 500 index of US listed shares
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USDOLLAR
Dow Jones FXCM Dollar Index
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