richard.shoemake

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Last visit Joined 4 years ago MadScientist
Markets Allocation
61 % forex 9 % indices 4 % stocks 26 % other
Top Mentioned Symbols
USDJPY 30% | 7 USOIL 17% | 4 EURUSD 13% | 3 GBPJPY 8% | 2
richard.shoemake richard.shoemake XAGUSD, M, Long , 6 days ago
XAGUSD: Silver has bottomed and headed towards 114.78
47 0 5
XAGUSD, M Long
Silver has bottomed and headed towards 114.78

This expanding ascending wedge is breaking to the upside.

richard.shoemake richard.shoemake USDJPY, M, Short , 6 days ago
USDJPY: USDJPY going down very far and fairly fast
61 1 4
USDJPY, M Short
USDJPY going down very far and fairly fast

I have an shorter term target of 100.60 or so, but a little bit longer term we're going down to well past 77.xx. We could well end up in the 50's for USDJPY.

richard.shoemake richard.shoemake USOIL, W, Long , 9 days ago
USOIL: Expanding descending wedge indicative of much higher oil prices
33 0 3
USOIL, W Long
Expanding descending wedge indicative of much higher oil prices

200 week moving average is providing support also.

richard.shoemake richard.shoemake USDJPY, D, Short , 13 days ago
USDJPY: Rally in USDJPY is over
55 0 5
USDJPY, D Short
Rally in USDJPY is over

Based on daily chart looks like we have reached the peak for USD. We probably won't see the the USD be this high again for some time if ever.

richard.shoemake richard.shoemake USDJPY, 15, Short , 22 days ago
USDJPY: Expanding Wedge indicates USDJPY headed lower
47 0 5
USDJPY, 15 Short
Expanding Wedge indicates USDJPY headed lower

We have an expanding wedge pattern indicating that USDJPY is heading lower, and looks to be completing the Dead Cat bounce pattern which means USDJPY is headed much lower.

richard.shoemake richard.shoemake USDJPY, 60, Long , 23 days ago
USDJPY: Expecting a rally for about 300 pips
63 1 6
USDJPY, 60 Long
Expecting a rally for about 300 pips

Looks like the beginning of a change in trend on the hourly chart.

richard.shoemake richard.shoemake USOIL, M, Long , a month ago
USOIL: Long term US OIL Price Prediction
42 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 , a month ago
USDJPY: Change of Trend for USDJPY on hourly
53 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
66 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 , 8 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 , 8 months ago
USOIL: Oil set to sky rocket
78 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 , 9 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?
46 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?
53 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.

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