Russel seems to have entered immediate term bearish but background signal says it's a correction.? Is it a dip? I don't know, but am I buying it when it's close to the low end? Yes I am
I've been developing some algorithms that take stochastics, fractality, diffusion and volatility into account to predict the immediate term trend. Here is the today's range and the immediate term trend for GBPUSD. It's been working pretty well for last few months. If trend is bearish, short it at the upper range line. If you need similar stuff on any other ticks,...
I was thinking of better way to express the idea, I hope this one is more understandable. The box spans for 1D. Each day I'll add the boxes with colour matching the trade and trend directions Ps. I usually close position if it goes too far outside the box and use the upper and lower limit as my TP
Here I show oil, it seems to have entered consolidation inside the bullish trend, possibility of making newer high of 79. Probably buy the dip? Code thinks there might be a dip to buy in on
Extreme Bullishness. This is one of those things where I don't believe my code very much. Currently it shows extreme bullishness taking into account JPY bond prices. I'm afraid I haven't modelled Japanese markets very well. Although the stochastic volatility suggests it will take few more days to get a clear signal on buy/sell. But hey, I will learn my lessons...
Gold has a weak bearish signal developing at the moment. Top end is close to 1796, I would love to short incrementally from 1775 Let's see how it goes Cheers Redd
Strong Bearish signal on VVIX this morning, but stochastic volatility remains high. Possibly we'll see the effect of sector rotation into the new quarter for next couple of weeks? Cheers Redd
Weak bullish signal. Keeping an eye on the short volume on mid and small caps. Last weak the signal was strong bullish. I'm buying this incrementally and will sell some at the first red line Don't panic Redd
I know the TA is useless in times like this, but SPY was forming this downward divergence pattern for some weeks now. The "bad news" might not bring it down. 100k cases in a day? Trade deal? I don't think they matter anymore. 2 out of 3 of my TA has shown SPY all time high soon. I'm sharing the most relevant. Be careful out there. PS. I'm a noob, just go easy...