About meI am a Registered Investment Adviser based in the United States. The charts I post are based on a proprietary mathematical algorithm dubbed "The Pequod" and should not be taken as -nor is it meant to be- personal investment advice.
I identified a sell zone in dollar (dxy) way back in May 2018. In October we reached the zone (linked), and since then we've kind of stagnated below the sell zone. Now- with the holidays out of the way, my prediction stays true- Dollar will be a sell in 2019. Not only does my method line up with the prediction, but now fundamentals are starting to...
Here we are folks, looking for a big sell into next year with this dollar chart. The sell was called back in may! Watch for a retrace....remember, Trump + trade war = weak dollar.
Trade call linked for your convince....The Pequod is up over 50% this year :)
Spotted a potential sell zone on Oil. I'll be playing this one. Look for reasons to sell in the red, green are the normal targets, however they are obviously unrealistic. I'm shooting for $50 as my target.
As always KISS applies. Keep it simple, keep it consistent
Careful here friends, I've spotted a large bull flag on the Weekly for USDJPY. Earlier I called out the potential short that has now achieved it's final target. Usually after the final target is achieved the trade is complete and we see a pull back.
Pullback is confirmed, so watch for the bulls to start building a long position. Will update as it progresses!
The Pequod has flagged a buy zone on the EURUSD. Looks like price action has brought us into a triangle...of which we are destined to break out. Blue zone is the zone to look for a reason to buy, green is your TP, and red is the STOP. Good luck out there.....
Simple PA, simple charts, simple trades. As always KISS applies!
Watching this buy zone on the daily/weekly EURJPY. Targets will be at the green lines.
Do not forget- risk is constantly on the table this year, and both Euro and JPY are the currencies investors fly to in a "risk on" situation. Therefore; if risk is introduced into the market then this pair will chop away (as it has done since March).