Here is an opportunity to join in on the USDCAD multi-year rally or simply to add positions.
The best time to add positions is when price pulls back to quality levels so that we are BUYING LOW or SELLING HIGH.
Over the past few weeks, we have seen price recoil from that unbelievable rally and looking at price, it ...
In addition (and contrast) to my previous post, there is likely to be a good profitable move up when price gets down to 14750/14215.
Price moved very strongly away from there in October - this suggested a lot of institutional interest to buy at that level. We want to buy where they buy and sell where they ...
I do not know anyone who actually trades this instrument. But the fact that the market exists, suggests that someone is interested. I am sure there are some funds that track this market. Some retirements are invested here.
The U.K. Mid Caps market, like all markets, has taken a beating since the summer of last ...
Despite all the talk of the Canadian economy in tatters as oil prices tumble, I focus on price and limit my risk.
Catastrophic events happen causing erratic behaviour in the markets. But all things being equal, the charts are telling me there is a good chance that USDCAD will fall from 1.51800.
Again, low risk, ...
I really do not care what the FOMC minutes read or what NFP data is or what Greece are doing.
I look for where institutions are buying or selling. I do not care why they are doing so. I just want to know where. Then I go with them.
Price action lets you know that. As you can see from the yellow areas, it is ...
Gold has been trading lower and lower for a few years. It reached highs of 1900 and has since then fallen to recent lows of 1070.
Whilst I am looking to buy and hold NASDAQ:GOLD at bargain wholesale prices (~$1,000/oz), I will look to take short-term opportunities on the short and long sides.
I believe prices ...
GOLD has been falling for a fair few months and following the trend, selling short is a better idea that buying for a long move.
As can be seen, supply areas are being respected. Demand zones are getting violated.
While I wait to buy at $1,000 an ounce, I am looking to also sell Gold!
The area marked out is an ...
NOTE: I am NOT a technical analyst. I do not trade using conventional technical analysis. This is for the purposes of sharing with the TV community. I solely trade supply and demand.
With that being said, it is safe to assume that everyone is scared to go long on the Euro at this point. The Greece issue caused a ...
The trend is up. Crude is rising. Possibly to the heights of $75/$80 per barrel.
However, the Day supply zone allows a counter-trend position from ~$63 with a risk of 100 points. The reward on this, to the opposing Week demand zone is 700 points (7:1). This will possibly be where a reversal to the upside ...
The Aussie has been falling for a long while. The sharp drop at 0.7690 tells us that there could be a move lower from this area. A possible target for this trend trade is 0.7640.
Higher up from this area is a H4 supply area where prices fell sharply. Prices rallied ...
With Cable (GBPUSD) in an uptrend, it is good to join in the established trend in a price area that is low risk.
Price should head up and out to ~1.5900. The first target will be 1.5820 for a reward of about 3.5xRisk.
The strong move away from the zone shows the trend could find new strength when prices pull ...
The strong fall from 1.5818 suggests a move down from the area is possible on the next arrival.
The 30 pip risk in this zone, should it work, gets a reward of about 4:1.
The pair is in an uptrend. But the chart suggests that the end is near.
This is a counter-trend trade for 120 pips before the main trend ...
Counter-trend trades offer the opportunity to take good positions in established trades.
Two possible areas for counter-trend trades are below. The idea is that price moved so strongly away and there might be a possible move away from there with low risk.
Rally @ 1.1130
TP: ~1.12580 ...
EURUSD is in a downtrend. Still high in the curve of the new downtrend, it is possible to re-enter the trend in good zones.
Two possible entry zones are @ 1.1258 and 1.1335. There is a clear exit price at 1.1130 but prices could sail lower to 1.1000 as there is no obvious demand above 1.1000.
Drop @ 1.1258
With the current sell off of the Kiwi, we are approaching an area where there could be a reversal.
This ties in with the the EURNZD and AUDNZD pairs that also show an area of possible reversal.
Price may rebound between the areas marked out by yellow boxes.
The sharp drops from the yellow boxes above (supply ...
The strong move away from 1.60820 shows that price could not stay in that range.
The hope is that there is still a move away from the area on return.
The risk of this long position is 90 pips; with a reward of ~5xRisk.
I would like to see the Euro rally higher into the top yellow box (denoting a Day Supply Zone), then a short can be initiated to sell the Euro against the Kiwi.
The risk is 70 pips with a reward of >5xRisk.
The strong move down from the 1.6517 area suggests that there may ...
Should price move higher from here, a short from 1.12550 might be on the cards.
The target will be the yellow box below @ 1.10920.
The risk in this move would be 50 pips.
The reward is 3xRisk here.