i_am_siew

i_am_siew

The price is a bit enthusiastic. Price is not bouncing from the line yet as I would expect. Price is hugging the line instead. The blue line is added to show the extension of the new 'top'. Trade carefully. ALWAYS WAIT FOR PRICE TO COME TO YOU - DO NOT GO AFTER IT. The R/R looks good if we stick to the plan. Good luck.

i_am_siew

Two days ago, I posted the chart above. I mention the STRONG bearish channel. And I also mentioned that those lines I drew are NOT trendlines. If you ask me what happened now, I would still answer the same. But what do you think Trendliners would do now? Many would proceed to BUY because their favorite line shows them that the price is BULLISH. Buy and get...

i_am_siew

The chart above explains. My charts are straightforward. So there isn't much to talk about. But TV insist that I write something or else it would not publish. TV also offers me many 'trading tools' - of course, I have to pay. But the thing is that I have no use for such tools. So in the end, I use it for FREE Thank you TV.

i_am_siew

.......... and this channel is downward sloping and extremely BEARISH. You should know how to trade the channel. Again, please note I do not believe in trendlines. Good luck.

i_am_siew

Folks, this is the same chart posted on 28/11 - some may not see it enough. Or may not understand what is in it that I am trying to explain. I hope you can now. Thank you for your support and encouragement. I think it works. Good luck to you.

i_am_siew

This chart is quite interesting. When trading, we must be picky about which asset to play with. Buy when LOW Sell when HIGH Do not enter when the price is in the MIDDLE!!! This is one good example. Playing the D @ Harmonic Pattern has a lot of advantages. Learning to stay away from trading is one of them. The MARKET seems undecided! I can't see any trading...

i_am_siew

TV is a very useful platform. It provides a lot of wonderful charts. But many are seldom used. To look into the future, there are 3 critical charts. NFCI is one of them. US10Y and Oil are the other two. What we see above is a lot of GREED currently going on - with financial conditions so loose. It is NOW at a quite critical level. In all probabilities, it can go...

i_am_siew

I assure you that part 2 is more interesting. Analyzing charts is quite interesting. Looking at the previous part 1, we can see that it is a smaller picture of price actions. Now that we zoom out and try to look at the BIG picture, it might seem that part 1 makes more sense now. Right? So, as we can see, in ONE BIG push, the price managed to break through two...

i_am_siew

The chart above explains. My charts are straightforward. So there isn't much to talk about. But TV insist that I write something or else it would not publish. TV also offers me many 'trading tools' - of course, I have to pay. But the thing is that I have no use for such tools. So in the end, I use it for FREE Thank you TV.

i_am_siew

The chart above explains. My charts are straightforward. So there isn't much to talk about. But TV insist that I write something or else it would not publish. TV also offers me many 'trading tools' - of course, I have to pay. But the thing is that I have no use for such tools. So in the end, I use it for FREE Thank you TV.

i_am_siew

Are you the type to act or react? I am the type who reacts when it comes to trading FX. I prefer to wait for the price to come to me. A moment ago, I shared about DJI. As we can see, stocks are now at a record, perhaps due for a correction. Of course, many think that it can go HIGHER. This is a free world. Anyone can think what they like. Why am I talking...

i_am_siew

The chart above explains. My charts are straightforward. So there isn't much to talk about. But TV insist that I write something or else it would not publish. TV also offers me a lot of 'trading tools' - of course have to pay. But the thing is that I have no use for such tools. So in the end, I just use it without paying. Thank you TV.

i_am_siew

All good things must come to an END. Enjoy it while you can. The same goes for Bitcoin. In the end, all that matters is CASH in the pocket. Good luck.

i_am_siew

The chart above explains. Anyway, just sharing. I hope you guys got it too :-) As you can see, it takes A LOT to make things look so SIMPLE. All my charts are really simple. Nothing complicated. You know what I mean. Good luck.

i_am_siew

Yesterday was indeed anti-climax. I was waiting for it to happen but it did not. I was quite disappointed. What went wrong? I spend the next 2 hours before I find the answer. The method proved correct, with 100% accuracy. Imagine with price in free-fall, yet it stopped just at the right place!!! My mistake was that I did not notice the slope had...

i_am_siew

The chart above refers. Again, I would remind you that the lines are NOT trendlines. Now the price is at a critical juncture. Knowing WHERE and WHEN to wait is going to be very profitable here. I think you should know what to do. Know that bond yield is still high and not falling. The same goes for Oil. Again, buy when the price is LOW. To sell now is...

i_am_siew

Another of my favorite is Wyckoff. This is useful when the price is at the extreme, waiting for PIVOT. If we look at this carefully, together with the volume, we can see Buyer slowly gaining the upper hand. Buyer managed to breach the resistance once but Seller tried to challenge. Now price is above resistance again, do you think Seller will mount another...

i_am_siew Updated 

XAUUSD: Big Dump On The Way, worth 1000+ pips! And urged his followers and those willing to listen to SELL with a target @ $2,450. Then he comes up with a fancy chart with a lot of 'complicated' looking marking in it - looks legit and sophisticated. There are 3 mistakes: a) The price is still ABOVE the 'support' line. b) if you look closely enough, the fall in...