I review some price action and patterns in the DJI on the 6H time frame. This is just under the hood of the daily time frame. The picture is not good for the bulls.
Weekly market breakdown covering DXY EURUSD, EURCAD, EURJPY, EURNZD, GBPJPY, GBPUSD, EURGBP, CADJPY, USDJPY, USDCHF, USDCAD, USOIL
My previous call was very optimistic but damage has been done. My view of market has flipped and the trend has changed!
In this screencast I look back to 2008 to get an idea of what happened in the last crash. As I'm in a lot of positive equity, I don't want to become complacent in my trend following. So - I've looked back to see the sort of bouncing around of price I could expect (if the current picture unfolds similarly). To be clear, I am not saying that what happened in 2008...
Just going through some of my charts. Happy Monday! Happy trading!
Stalking is 90% of the job - so that's what I'm doing!
In this video, I review some evidence available to everybody. I spot some behaviour patterns of Bitcoin over the years. The evidence to date is that it refuses to die - at each stage when people shouted "Crash!" or "Tulip!". I'm not saying that Bitcoin will not die. That's none of my business as a trader. My business is to assess evidence, see patterns and...
Wall street and many other stock indices are at critical positions. In this video I drill into the action today, from the monthly down into the 5 min time frame, approaching end of the day's session. The GER30 is in a critical position and fighting hard to stay afloat. It rules the world. In general the GER30 does not like a strong EURUSD. And the US30 does...
In this video we're looking at a structure based trading opportunity on the USDCAD using a few classic reversal patterns.