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...
Now is the critical moment. Price has just reacted at the 'D' on its way up. For price to continue to be BULLISH, it needs to break above the 'D'. It needs to do this asap, failing which price would remain bearish. Good luck. P/S : As always, do not just believe what I say. Use your common sense.
The above chart explains. Many would be thinking that yesterday's CPI mean the Fed will continue raising rates and let it stay high for longer. Which means EURUSD would trade lower. Do note that the US10Y is still trading below 3.83% while the 10s02s also continues to trade LOWER. This is not a healthy sign. Even after yesterdays CPI , price continues to remain...
There are many ways to trade, but I think ABCD is always the best, for it is the safest. USDJPY is at an inflection point. Just like EURUSD. Both 'turning' at the 'D'. It may continue to go DOWN. Or it may go UP. Whatever it is, the rest is up to the MARKET to decide. Good luck. P/S : Do not just believe what I say. See for yourself.
The DXY is possibly the most followed index on EARTH. Trading is not just about looking at chart and candles. I think it is about looking for answers beyond the candles. The DXY has been trending the EFFR but suddenly stop doing so sometime in 09/2022. Why did this happen??? Perhaps it is about the 'potential' Fed PIVOT . Perhaps not for it is not. FX moves up...
The above chart explains. Good luck. P/S : Do not just believe what I say. Use your common sense.
The chart above explains. All focus is on the CPI tomorrow. Good luck. P/S : As always, do not just believe what I say. Use your common sense.
These last few days have seen bond yield rising. It is as a direct result of the recent 25bps rate hike. If you look at the chart above, which is the US10Y less the EFFR, it seems the difference had reached the MAXIMUM based on historical results. Which means to say, the US10Y had already reached the MAXIMUM. From now on, any rise would be in lockstep with the...
The above chart explains. Good luck. P/S : Do not just believe what I say. Use your common sense. Just a note, the anniversary of Ukraine war is coming soon. No one know if RU will launch a bigger war. In that case, you should know what to do.
Price finally begin some sign of recovery. Buyers may finally be stepping in at last. But last night has been one hell of an experience. But finally, the GREEN volume bar came just when Powell was giving a talk. Buy at the indication of buyers stepping in with SL just below. Move SL to entry once price moves up. The next thing we need to anticipate is the...
The chart above explains. Price is on a downward trend. Lets just follow the momentum. This is a good SELL because price is so close to SUPPORT ZONE, which mean good RISK/REWARD. Good luck. P/S : As always, do not just believe what I say. Use your common sense.
The above chart explains. Remember, it is a 2 step process. Sometimes 3 :) Good luck. P/S : Do not just believe what I say. Use your common sense.
The above chart explains. There were 2 important events this week, the Fed raising 25bps and also the BLS delivering a 'spectacular' jobs report. So what is the market reaction and what is the market actually thinking??? I think a simple look at the yield can tell us much. We can use it to guide our trading for the coming week. Good luck. P/S : As always, do...
The above chart explains. Good luck and have a nice weekend. P/S : DO not just believe what I say. Use your common sense.
I have updated this. Seems like things might be happening AFTER FOMC instead of BEFORE. As they say, those who do not learn from history is DOOMED to REPEAT them. Laid out above are the Demand/Supply/Support Zones. Extrapolating it with past 'whiplash' scenario to current Zones looks uncannily similar. As far as ANTICIPATION is concerned, I am preparing...
MY EN : What lah that fella, yesterday tell me to 'Be careful' see what happen now!!! Say lah price might drop somor, Now see what happen, Price go UP and I didn't 'SAILANG' now you see I miss the chance to make BIG money $%^&*() + KNS. Now I regret lah listen to other people. HAHAHAHA Now on a serious note, remember that: This GAME is a marathon and not a...
It is always a MUST to ANTICIPATE future moves. This is to ensure we are not SURPRISED or PANIC when the time comes. I bet that many traders would have BUY above 1.0860 and is now losing money. It is OK as this is part pf learning. EURUSD now is crowded place with a lot of eager BUYERS. The BIG players aka Casinos will be plotting their next moves to screw us...
I was watching in amazement that something is not right with EURUSD . The VOLUME just simple do not add up for a continuation of price going UP. I was about to draw out the Wyckoff and publish when price took a step faster than me. It went DOWN as suspected. Anyway, the above chart explains. I think I would wait and do business once price stabilize at the...