richard.shoemake

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Joined MadScientist
Markets Allocation
50 % forex 10 % indices 3 % cryptocurrency 37 % other
Top Mentioned Symbols
USDJPY 26% | 8 USOIL 20% | 6 EURUSD 10% | 3 GBPJPY 6% | 2
richard.shoemake richard.shoemake USDJPY, W, Short ,
USDJPY: Short USDJPY until at least 101.00
148 0 3
USDJPY, W Short
Short USDJPY until at least 101.00

Due to the ascending, expanding wedge which has formed I'm expecting the price to fall to 101.00 ,and very likely continue lower than that.

richard.shoemake richard.shoemake BTCUSD, D, Short ,
BTCUSD: Bitcoin uptrend has been broken
212 0 2
BTCUSD, D Short
Bitcoin uptrend has been broken

The trend on the four hour chart and the daily chart indicates to me that the trend has broken, and we are on our way down. The bubble has popped.

richard.shoemake richard.shoemake TNX, M, Long ,
TNX: Downward trend on Ten year yield may be ending
15 1 6
TNX, M Long
Downward trend on Ten year yield may be ending

We are finding support on the 50mva. This deserves to be watched closely.

richard.shoemake richard.shoemake USOIL, 240, Short ,
USOIL: USOIL
26 0 5
USOIL, 240 Short
USOIL

USOIL is below the 50 and 20 mva on the 4h chart which are about to cross. It's dipped below, and is coming back up to touch the MVAs from below. It's finding resistance there, which is to be expected, and indicates it's trending down now on the 4h chart.

richard.shoemake richard.shoemake DXY, D, Short ,
DXY: USDJPY short-term rally ending.  Long-term short in full effect.
45 0 5
DXY, D Short
USDJPY short-term rally ending. Long-term short in full effect.

Below 200 day moving average, and bouncing off the top bollinger band and 200 mva.

richard.shoemake richard.shoemake XAGUSD, W, Long ,
XAGUSD: Silver about to rally
64 0 6
XAGUSD, W Long
Silver about to rally

We are about to start a long term silver rally where silver could hit near 100 or higher.

richard.shoemake richard.shoemake USOIL, W, Long ,
USOIL: Looking for Oil to Continue it's rally
50 0 4
USOIL, W Long
Looking for Oil to Continue it's rally

Bouncing off of the 200 mva I'm expecting Oil to continue it's upward rally

richard.shoemake richard.shoemake XAGUSD, M, Long ,
XAGUSD: Silver has bottomed and headed towards 114.78
61 2 7
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 ,
USDJPY: USDJPY going down very far and fairly fast
73 1 5
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 ,
USOIL: Expanding descending wedge indicative of much higher oil prices
36 0 4
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 ,
USDJPY: Rally in USDJPY is over
57 0 6
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 ,
USDJPY: Expanding Wedge indicates USDJPY headed lower
50 0 6
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 ,
USDJPY: Expecting a rally for about 300 pips
65 1 7
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 ,
USOIL: Long term US OIL Price Prediction
46 0 6
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 ,
USDJPY: Change of Trend for USDJPY on hourly
53 0 8
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 ,
USOIL: Short term SHORT, Long term, LONG
66 0 4
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 ,
SPY: Looks like the fake rally is ending
68 0 2
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 ,
USOIL: Oil set to sky rocket
82 0 1
USOIL, W Long
Oil set to sky rocket

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

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