i_am_siew

i_am_siew

The chart above is just for entertainment, especially to my loyal fans. I hope you enjoy it. Good luck.

i_am_siew Updated 

The chart above explains - just for entertainment only. If in doubt, look at OIL. Good luck.

i_am_siew Updated 

The chart above explains. Good luck. P/S : Do not just believe what I say. Use your common sense.

i_am_siew Updated 

Looks like it is still trading sideways. No indication of price moving down yet. We wait. Good luck. P/S : Do not believe what I say. Use your common sense.

i_am_siew Updated 

The chart above explains. Reason for the buy idea is as mentioned previously. Good luck. P/S : As always, do not just believe what I say. Use your common sense.

i_am_siew Updated 

What this ABCD tries to tell us is to think differently - contrarian. Instead of following the crowd, there needs to follow the 'fundamentals'. Do you favor EUR or USD? I think there are now 2 significant event happening - the un-inversion of the 10s02s = recession and a potential war in mid east. If we look at OIL, i think the MARKET is more worried about...

i_am_siew Updated 

The chart above explains. The trading range for the week. Just need to ensure the C & D count falls within the range. I think this makes things easier. Just need to ignore those that fall outside. Lets see how this goes. Good luck. P/S : As always, do not believe what I say. Use your common sense.

i_am_siew Updated 

I am learning everyday - always on the lookout to find what works and what don't. My journey brought me to volume profile and ABCD - things that I use in my trade. But somehow, I feel that it is not enough. Something is still missing. And here comes the missing part. So with a little back testing, I think this looks quite good. And the trick is being able to...

i_am_siew Updated 

The chart above explains. The one above is what you see/use. The one below is what I see/use. Once it hit my alert, I will sell. If you want to know when that happens, follow closely. Good luck. P/S : Do not just believe what I say. Use your common sense.

i_am_siew Updated 

The chart above looks good. Want to know what drives CHFJPY? When it would turn?

i_am_siew Updated 

I think now is the time to plan for the eventual rise of $. I am beginning to have a really bad feeling that something will 'break' soon. When that happens, it would be quick and relentless. I belief US10Y would touch 5% soon. UST is used as a benchmark for nearly all investment. Once it hits 5%, it would make all these investment un-viable. Why invest when there...

i_am_siew Updated 

Today we talk about something else. I read today that many GOLD lovers are bitching about gold price. The sudden drop last week saw many of them losing their nerves. Many of them are buying thinking that it will go to $3k, $4k or $5k soon because of what they have been fed via the MSM. This week, gold is trading as high as it was back in 1980. It is just that...

i_am_siew Updated 

The recent dot plot is quite interesting. It has 2 important notes: a) no recession b) you got to wait longer if you are looking for cuts. This caused yield to move UP - to price in a longer Fed pause. And I think both short and long yield to continue to be HIGH. In a situation with high DEBT load, a higher rate environment is trouble. $ FX and US yield...

i_am_siew Updated 

The chart above explains. Of all the recession indicators, this is the best. And as you can see, if it drops more, then we would have known that IT HAS ARRIVED. Once it drops below, it would be deflationary. Many would have thought that the FED might raise 25bps next month. But I do NOT think that would be the good idea. Good luck. P/S : Do not just believe...

i_am_siew Updated 

The chart above explains. Good luck. P/S : Do not just believe what I say. Use your common sense.

i_am_siew Updated 

This will be my final idea. We have been hearing lately many types of landing scenarios being discussed. Now, I think many of us would start to think that there might NOT be a recession at all. Or if there is one, it would be a 'soft' landing. But I think the BEST answer to this question is what the MARKET says. If we look at the 10s02s, its inversion now is...

i_am_siew Updated 

The chart above explains. It is 400pips now :) Congratulation to those who caught the 'C'. Now you will begin to appreciate those 3 yellow lines better. The week is Jackson Hole. Powell will say something about rates. But believe it or not, whatever he is going to say does not matter to DXY. It would just keep going UP. Today seems to be an important day @ DXY,...

i_am_siew

The chart above explains. When trading, it is BEST not to follow the crowd - do not go where the sheep flocks. Instead, think like how a MARKET MAKER would think. As we can see, they are already in a Distribution Mode for months now. Yes, this entire process takes weeks/months to complete. I would continue to SELL along with them. And I do not think they will...