Previously, I talked about similarities we have to day with the subprime crisis in 2008. The banks were in trouble. But we need to remember that the cause is very much different. In 2008, it was greed that causes bank to indulge in exotic subprime MBS that eventually got into trouble when the housing market fails. It started in the US and eventually burned all...
Not long ago, it was inverted by more than 100bps. Today, the inversion is about 40bps. As we all know, once it emerges from inversion, i.e. un-inverted, that is when we start counting to the next RECESSION. On average, it is 4 months. You can see it in the above chart. FED will soon cut rates. Once un-inversion occurs, market will again do an...
The chart above explains. Looking at price action is not enough for us to fully understand what will happen next. Things would be clearer if we can see how the market accumulate/distribute. This can be seen by following the volume trend - how it moves and also its key levels. I am sure many of you would be thinking that EURUSD will continue on its climb up....
The chart above explains. Good luck. P/S : DO not just believe what I say. Use your common sense.
Soon it would be FOMC. Market is always cautious leading up to the date. At the moment, it is unlikely buyers would continue to buy more. If you look at the chart, volume is almost tapering off and may probably fall. But I think price will likely touch 1.0800 at the 'D" before some retracement takes place. Looking at the current volume, price is not likely to go...
Last week saw a lot of volatility. We have Powell testimony, NFP, Unemployment up to 3.6% and SVB. What happened with gilts may soon be happening to UST. But if we are to think that the MARKET is unsure of where it is heading, then you are wrong. As far as I can see, the MARKET is VERY likely BUYING. No matter what we may hear from the MSM, I think it is still...
Bond yield had been dropping since SVB. US10Y as well as US02Y fell until both hit the 200MA. Lets see if it will stay where it is now or fall further. But I think the next FOMC will decide. And watch out for OIL. Good luck. P/S : Do not just believe what I say. Use your common sense.
Recent rise in bond yield especially the US10Y is causing a lot of volatility. But it is not going to affect the final outcome. Of course, the main question always seem to be INFLATION and what the Fed would do next. But is inflation the real issue here? If you want to know, then you should look at short term bond yield, specifically the US02Y and US03M. The...
The chart above explains. For those who follow Volume Profile, you should know what it means. Good luck. P/S : Do not just believe what I say. Use your common sense.
Bond yield has been going up these past few days. What is happening? Many would think that this is because of recent events like the 'hot' jobs market and sticky headline inflation which may cause the Fed to continue hiking rates - higher/longer. Sounds plausible??? Maybe. It may look like the MARKET is now going along with the Fed instead of disagreeing with it...
The battle over the 'D' has been going on for more than 6 hours now @ 1.0590 I have never seen a fight this long. Only this time, I think the MARKET seems to agree with the BUYERS. Lets wish for it to go all the way to the TOP - as this is the 'D' from a longer time frame!!! The Trading Direction just confirmed to be favorable for LONG. Good luck. P/S : Do...
I have been looking at the charts like all you guys out there. Here is a SECRET just to share with you all that I have been ANTICIPATING for some time. For those of you with the common sense to have been following my ideas, you should know the stuff that I am sharing are indeed GOOD stuff. The chart above explains. I am BULLISH and I am just waiting for the...
The chart above explains. This looks like classic Wyckoff. Good luck. P/S : Do not just believe what I say. Use your common sense.
Today, it is best to take a break from trading as Putin is scheduled to deliver a speech today. What he says can definitely affect price. I got a question asking why price, after seeing a reaction at the 'D" did not continue to rise/fall as anticipated? As example, recently price reacted at the 'D' and rise for a while and now it seems to have fallen lower. The...
The chart above explains. Patience is a a must when trading. Good luck. P/S : Do not just believe what I say. Use your common sense.
The chart above explains. It is very likely that price will regain the TOP very soon. Good luck. P/S : Do not just believe what I say. Use your common sense.
Price has now reached the area which I have been anticipating. Compared to the earlier one, the 'D' is on the longer term trend and price is deep inside the Demand Zone. So the reaction here should be more 'powerful'. There is a difference between PREDICTION and ANTICIPATION. Prediction means you do something hoping it will turn out as you wished - you don't...
Trading requires you to practice your preferred strategy without fail. The overall direction is still Bullish, which is in accordance with the Long Term Trend and trading direction. As I have said, this is a very SAFE trading strategy to use. Now price is actually at the anticipated Demand Zone @ 1.0620 and it seems price has reacted at the 'D'. Buy with the SL...