About metrend trader. 10 years experience. indice, currency, bond and commodity markets. mid to longer-term trends to maximize profits. let winners run and cut losers short.
How I trade:
After decades of trading below 21,000 this index is now tackeling the area again. It is currently trading within a Momentum move from 19,150 just about to break through the 22,000 level. If this break is successful in the longer-term, a complete new bull market could unfold. As mentioned in the youtube videos and indicated in the chart I have been long and I am...
Having traded in a consolidation for months, the two metals can't get enough upside Momentum to break out successfully to the upside. Instead this Monday has already been losing much, both markets are about to break out to the downside which could give us a target zone at the previous 2016 lows.
The ongoing uptrend has yielded more than 300 SPX points so far, Momentum started to lack but doesn't decrease significantly. I expect more correction, maybe even touching the shown Moving Averages before the price will be able to climb higher. See Link for more details.https://www.youtube.com/watch?v=32k84Kio9Rs
Overall GBPAUD has been a Short since Jun 2016. Even though there were some pullbacks in this ongoing downtrend, we see a new breakout level to sell on the daily chart. The weekly is down already, now internal price action on the daily might get ready to hit new lows.
USDJPY Monthly shows a clear uptrend which was corrected. The correction ended exactly in the previous fractal area, now we have prices trading above the moving averages (balance zone) to set up a buy breakout level. There is a possibility for a little more downside until a scenario hitting highs at around 123 might unfold.
Similar to the NZDUSD Fx Pair, AUDUSD also shows a sell signal to continue its overall downtrend. Previously it was sent up into correction by 2 divergences, than Supply came in and wouldn't let a week close above 0.7750. That makes for a strong resistance level which could be the highest high of the correction, after which price will take a sell fractal to...
To follow the overall downtrend (monthly), the NZDUSD has created a new fractal sell signal to follow it. We don't know how far it will go, just hopping on the prevailing trend and paying attention to price action is all that's necessary.
Nothing much happened in Gold during the last three weeks. Overall timeframe stays above balance zone, which is an indication for long. Internal correction not over yet, let's see where it'll end before the resumption of the previous uptrend becomes more and more likely.
Bund was trending up consistently throughout the last years, with the close of this week price has broken through a significant breakout level (sell fractal) and sends this market into an overall correction mode.