richard.shoemake

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Last visit Joined 4 years ago MadScientist
Markets Allocation
59 % forex 12 % indices 6 % stocks 24 % other
Top Mentioned Symbols
EURUSD 17% | 3 USOIL 17% | 3 USDJPY 17% | 3 GBPJPY 11% | 2
richard.shoemake richard.shoemake USOIL, M, Long , a day ago
USOIL: Long term US OIL Price Prediction
34 0 5
USOIL, M Long
Long term US OIL Price Prediction

The chart pattern of the expanding descending wedge indicates a high probability of a reversal in price. In this instance we are looking at a long term bull market in oil going up very possibly to as high as 166. What world events could possibly cause this? There are too many to contemplate.

richard.shoemake richard.shoemake USDJPY, 60, Long , 2 days ago
USDJPY: Change of Trend for USDJPY on hourly
51 0 7
USDJPY, 60 Long
Change of Trend for USDJPY on hourly

Folks, I believe we are seeing a change in trend on the hourly chart. The USDJPY is finding support above the 20MVA having just failed to break through the top of the support of the most recent low. This often indicated a powerful rally is coming, and in fact we see support on the other timeframes as well at key moving averages. I've closed all my shorts, and ...

richard.shoemake richard.shoemake USOIL, D, Short , 2 months ago
USOIL: Short term SHORT, Long term, LONG
65 0 3
USOIL, D Short
Short term SHORT, Long term, LONG

Looks like we are finally seeing a real change in trend in oil.

richard.shoemake richard.shoemake SPY, D, Short , 7 months ago
SPY: Looks like the fake rally is ending
67 0 1
SPY, D Short
Looks like the fake rally is ending

Looks like the fake rally is ending. I suspect that we'll see a larger down move than what we saw a few days ago.

richard.shoemake richard.shoemake USOIL, W, Long , 7 months ago
USOIL: Oil set to sky rocket
75 0 1
USOIL, W Long
Oil set to sky rocket

Oil set to sky rocket due to long term expanding wedge pattern

richard.shoemake richard.shoemake DOWI, W, Short , 8 months ago
DOWI: DOW on it's way down folks.  At least 15,500, but very possibly
45 0 1
DOWI, W Short
DOW on it's way down folks. At least 15,500, but very possibly

DOW on it's way down folks. At least 15,500, but very possibly way further than that.

richard.shoemake richard.shoemake EURUSD, D, 2 years ago
EURUSD: EURUSD up or down?
44 1 2
EURUSD, D
EURUSD up or down?

Depending on your time frame you'll want to go either long or short. Short will be good for a short term trade, but longer term I think a Long position would be best.

richard.shoemake richard.shoemake USDJPY, D, Short , 2 years ago
USDJPY: USD going for a dead cat bounce?
51 2 5
USDJPY, D Short
USD going for a dead cat bounce?

It looks like the dollar is headed for a dead cat bounce which may well take the USDJPY at least down to about 106.00 . It's coming sometime in September IMHO.

richard.shoemake richard.shoemake USDJPY, D, Short , 2 years ago
USDJPY: USDJPY Forecast
27 0 1
USDJPY, D Short
USDJPY Forecast

I see a short term decline in the USDJPY followed by a rally in USDJPY until potentially November 11th or so. Then I see a sharp decline. I would have opted for a sharped decline down to 105.00 sooner rather than later if not for the strong dollar trend right now.

richard.shoemake richard.shoemake XAUUSD, D, Long , 2 years ago
XAUUSD: Gold Longs look good now
55 0 2
XAUUSD, D Long
Gold Longs look good now

Based on the Descending Broadening Wedge patterns shown here I am very bullish now long term.

richard.shoemake richard.shoemake DXY, 240, Short , 3 years ago
DXY: Dollar is at the top of it's range.
132 2 2
DXY, 240 Short
Dollar is at the top of it's range.

Looking for it to go down to about 78.49 or more.

richard.shoemake richard.shoemake GBPJPY, 240, Short , 3 years ago
GBPJPY: Short GBPJPY
128 0 1
GBPJPY, 240 Short
Short GBPJPY

Got a long way to go down base on Fischer transform.

richard.shoemake richard.shoemake GBPJPY, 240, Short , 3 years ago
GBPJPY: Short GBPJPY as it pulls back into the wedge.
119 0 1
GBPJPY, 240 Short
Short GBPJPY as it pulls back into the wedge.

Check thepatternsite.com for description on expanding wedges.

richard.shoemake richard.shoemake GBPUSD, M, Long , 4 years ago
GBPUSD: Monthly GBPUSD Shows Dollar in for Steep Decline
249 0 1
GBPUSD, M Long
Monthly GBPUSD Shows Dollar in for Steep Decline

Using pattern analysis with special emphasis on expanding wedges one can see that we have a high probability of a steep decline in the USD as compared to the GBP in the not too distant future. This knowledge can help us determine the breakout direction at smaller time frames as well. You'll see about a 4000 pip move in the GBPUSD over the next year or so.

richard.shoemake richard.shoemake GBPUSD, M, Long , 4 years ago
GBPUSD: Monthly GBPUSD Shows Dollar in for Steep Decline
146 0 1
GBPUSD, M Long
Monthly GBPUSD Shows Dollar in for Steep Decline

Using pattern analysis with special emphasis on expanding wedges one can see that we have a high probability of a steep decline in the USD as compared to the GBP in the not too distant future. This knowledge can help us determine the breakout direction at smaller time frames as well. You'll see about a 4000 pip move in the GBPUSD over the next year or so.

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