townsend

PRO
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Last visit Joined 3 years ago
Markets Allocation
50 % forex 50 % stocks
Top Mentioned Symbols
AG 50% | 1 USDJPY 50% | 1
townsend townsend PRO AG, 240, Short , 8 months ago
AG: Looking for a Flash Crash in Silver
63 0 1
AG, 240 Short
Looking for a Flash Crash in Silver

I use First Majestic (AG) as a bell weather for the metals, especially the silver miners. We've had a nice run, so far this year. And... it will continue, but with the Brexit vote coming up in two days, I expect a big fall off for silver and especially the miners, EITHER WAY the vote goes. Not that I'm exiting my AG or other mining stocks. But... I am ...

townsend townsend PRO USDJPY, 60, 2 years ago
USDJPY: USDJPY Modified Schiff: Shows Trading Range & Next Breakout
83 0 0
USDJPY, 60
USDJPY Modified Schiff: Shows Trading Range & Next Breakout

Here is a good example of the Modified Shiff Pitchfork. Notice how two are used to frame the current trading range AND the next Breakout. This works on all time frames. Of course, the longer the time frame the more reliable the pattern.

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