LTCEUR: If you're already long, there is pending upsideTo join this move, if you were looking to buy now, it is a bit late. The daily chart gave a signal, but there is always risk that the miners decide to remove hashrate and that would decrease the Segwit signaling %. To activate it, the hashrate signaling it has to be 75%, it's now around 70%, which got people excited. There is no guarantee miners don't go and make this drop, since it's as easy as flicking a switch...
If you're long and in profit, trail stops giving the market some margin of error. Don't buy now if you missed it. There are always new trades. Timing is key gentlemen.
Cheers,
Ivan Labrie.
Manipulation
Bank Manipulation??My thoughts on AUDJPY were short overall, but taking a look at current price action on the 1H chart also presents a short term buy....
Price today touched the .618 retrace of that bearish move, which is also the third touch of upper trend line. Immediately after the touch, price created a nice bearish engulfing candle, enticing sellers to jump in. But what happens next, is that when price touches the lower trend line (also third touch) it not only pulls back, it closes as a low test, with volume the highest it's been for over a year.
Now... more volume means big money is coming into the market (i.e. banks). The fact that volume was so high and the very next candle was a bullish engulfing (after higher highs and higher lows), if price can break out of this bullish pennant formation, we could see a huge rally to the next swing high near 87.500...about 145 pips.
As long as price stays consolidating within this current pennant formation, anything can happen. waiting to see which direction price breaks out before I get involved.
#BigBanks
Bull Beast Ded? WTF!?LOL. Almost threw up when I just woke up to this shit. Must be a joke or something. How does that not look like blatant manipulation? What sort of move is that suppose to be? Bahahahaha- Well, let´s see what happens... Channellus Bullus is def broken on that 2h. Can´t believe this bearcrap.
When predicting micro moves, remember the tide matters... Saudi Arabia controls the price of oil. Once you understand that, all technicals need to include variables for real world political manipulation of the worlds most important commodity. .... "Church of Krümel"
Back in the day, there was a King, he turned off the blood supply to the industrial world. The world went into chaos, wars started... wars stopped. In the end the world found that one country... No, one man controls the affordable supply of the earths most important commodity .
Agree or not with anyone's politics, technical reads, or overall forecasts... My approach is to start with the above in mind.
Until we have a new king or new war, I see no reason to buy oil. Micro channel guys will laugh.. So much money to be made in the foam. This is true, though they may spend more time stressed that their finger is faster than a sword. I just invite those to know there are other ways to skin this cat.. Ways that allow for thought and time to walk outside. Charting has been around a long time. The tools are better.. but not always the results..
USDCHF magnet at 1.0Market have found strong lowest point at near 0.7 prize zone and reversed. We can see how many times since 2008 price level of 1.0 shown strength as support and resistance as well acting like the magnet. Since 2011 market unfolded into slightly rising wedge with 2015-01 higher highs and higher lows. In 2015-11 market have closed monthly candle above 1.0 and next candle dip down to close just below 1.0. Is it a manipulation or the break through and retest we will see soon.
In case that US economy is growing and show good performance results with intention to rise interest rates at the same time CHF have negative interest rates and deflation in economy we can consider that fundamentals support moves higher.
For more detailed and more frequent ideas, reviews and analysis you can contact me here, on Facebook or website.
Best wishes for new incoming trading year! ;)
How Oil And The Dollar Are Being Used To Manipulate The MarketAhhh so many lines!
I know. So I'll keep this short. Maybe I'm wrong with my conclusions here, but the charts and facts make sense to me. I can't tell you when a crash (slash the next 'correction' to be PC) will be...but I can show you how they're engineering things in the US equity markets without QE
$DIA (to compare industrials vs. broader market a la $SPY)
$AAPL & $XOM (tech vs. energy - equity comparison)
$DX vs $CL - Inverse correlation; why? Most would say because we are oil consumers..but..the U.S. has 2x the oil reserves of the Middle East and we are trading 'futures' (sorry OPEC)(www.theatlantic.com)
$CL vs. $SPX - The name of the game.
Key moments:
1. QE stops the market from hitting 0.
2. QE ends
My Conclusion(s): By using their control on the oil pipeline, the powers that be are flooding the market with their excess. This has caused a massive spike in the volume of oil futures being traded. Though earning money from the sales of these futures (buy low, sell high, etc..), the drop in oil is caused the spike in the dollar it's supposed to. But the spike in the dollar is NOT sticking to the inverse relationship with the market that it's historically had. (Since when? Total coincidence...the end of QE)
The NYSE is traded..in..well..USD obviously; the price of stocks is going up because their value in $$ is increasing via the $DX spike.
How do they crash the market? Stop selling oil futures so cheaply. And what about bonds? Doesn't matter, whatever they want to really.
Gold ManipulationLets face it the manipulated paper market is causing physical gold and silver to tank. Yet there are shortages of silver and gold and all the while China, Russia and smart people are buying physical. Why the US is BK and at some point this will fly, but the wealthy know that if they force price down they get the uneducated to sell into it and they acquire on the cheap...
Ilove Gold, Gold Loves Me Not!This is a side note continuation about "XABCD Should Extend The Trend!" subject.
This is my real life experience of buying a physical gold (coins, not much quantities, it was my first time doing that). Using my technical analysis for the reason to buy.
In 2013 I bough some gold almost exactly at the time this small Gartley was finished forming (little pointer and heart). I used my analysis to pick the best price for me, in hope that gold would take of fast.
After couple of days this small Gartley broke and I knew that something is wrong. I used this buy for the investment only, and I wasn't interested to just be a Gold Bug and to just buy and hold.
Strangely enough the same time this Gartley broke, I had a dream about a little brown skin girl jumping out of window from the second floor and landing on her two feet without any harm. The dream was so vivid that I could not ignore it. In the past I've had many dreams involving girls. When dream wasn't sexual in nature, it always told me about investment, indicating good opportunity on the markets. This small girl in this dream was in different context, that indicated something different this time. I'm just hooked psychologically like that I don't think that this kind of dreams are special. I think that everybody has their own psychological indicators and I think I'm not special with this dreams. I think that probably I could saw this broken Gartley pattern and after the fact I had this dream. It feels of course as I had it before the fact, like other dreams which was always before fact. Nevertheless I knew that this brown girl was representing gold coin so I came back to review the charts.
I immediately saw this Gartley being fractionally broken and I knew what to do. I saw this kind of situations before on the charts, and I knew how it usually ends. I was conscious enough (had a lot of practice and studied hundreds miles of charts). The action was simple, to just sell this gold. Luckily enough I found buyer at the end of the day. He was happy to pay me the same price I paid cause he had a buyer already lined up and the buyer wanted even to pay a little more. So it was a good deal and the buyer was probably a Gold Bug type of person, so everybody won.
On the chart there is big ABCD perfect pattern. I just knew from experience that if this little Gartley brake, then there is strong possibility for this bigger ABCD pattern being also broken. I knew not in hundred percent, but I saw enough this kind of situations not to just play with fire and stay.
This is my little life story. I still like precious metals and I bough some silver coins almost at the bottom from July 2013 (not June, I'm not that perfect to call perfect bottom), and not so long time ago i bough some more at almost the same price as this first buy. I don't know if it will pay off, but now I don't care to much, cause I bough it at a lower price and now I'm a little Silver Bug, cause this experience educated me about precious metals. This experience opened for me a whole universe of knowledge about money, precious metals and economy, so I'm thankful for it and I'm sharing it now with you!
Enjoy!