So, it looks like they just washed everybody hiding the stop behind the round number .27 level. The actual movement looks similar violent like the one to the left and is a good Short opportunity for me. As we know, price is going to the centerline over 80% of time. And this is my target, but managing "on the flow". P!
I stopped following Twitter at some point of time but I´ve been curious on, after all the news bombardement and price movement we had in 2016, what price we may expect in 2017? I found a very interesting setup: on first place, we have an ascending fork (labeled green) where the Median Line hasn´t been reached. Therefore, as per Hagopian´s rule, the price should...
The prior chart speaks for it self. This chart is a closer look to the current situation. Price closed below the L-MLH = It's going to the next extreme. On a higher scale, this would be a drop from the Blue centerline with target to the Blue L-MLH. But be careful: I see price got pressed. And the bulls holding it up, what leads to this small triangle, resulting...
Crude is really worth nothing at this time. Bouncing up and down at free will...at lest it looks like. But if we give it a little context, then we can see behind the curtain a little more. The big picture (whole chart) shows the GAP, a strong up moving market within a huge down swing since 2015. Mid term (fork) we see price respecting the centerline of the fork...
I really would like to short crude here. It poked the resistance zone now a couple times. But I also see the stairstepping...higher and higher... And all in all, price is trapped in a sideways range. ...just ugly! What's a trader gonna do with this? I'm trying to be patient. I observe and hunt a potential clear and obvious "tell", as Shane would say...
As you see, it looks like the price to the downside is perfectly stretched. The A/R Set meets perfect with the down sloping centerline. Guess what trade I do? ;-) Pè
The Swings... ...point one to the real direction. If a LH is clearly broken, then price has a high potential to turn the direction. One could make a living from trading only by trading the swings, depending of amount of capital and skill of course...no free lunch in the markets and no holy grail. The Fork... ... measure the Action/Reaction of price movement....
Pullback to the centerline - What a gift! §8-) Short down to the L-MLH. P!
Nice run up to both centerlines. The turn at the white centerline implies a potential turn to the south for a couple points. Although a retest of the centerline is possible, my short is in. P!
AUDUSD reached an important support level which is, at the same time, placed at fork´s Median Line. Pair is now bouncing and I believe it will try to complete an eventual Cypher pattern which ends close to the fork Top Line. I missed a run today so will open a long position now, SL: 0.71, TP: 0.76
So here we are at the lower ML-H. Tis is the extreme according to the movement of this product. I highly expect a potential slingshot up to the Centerline. Happy Christmas & Peace!
After the hard selloff, TLT decided to flip back up the centerline. I patiently waited for this pullback to initiate a RiskReversal, which is in play since last week. Play it small and often and enhance your chance to fulfil the stats numbers. P!
At least in the monthly, cocoa looks to drop even more. Potential bounce up to the yellow A/R line, then continue down. P!
...by no means! Every action has a reaction, travels around the globe and comes back again. Western society doesn't seem to get it... However - What we se here is not a fluke. It's exactly the mirror of Action/Reaction. It's based on fundamental behavior, which in it self follows this universal law. We all follow it, there is no escape. It's the matrix we...
After the last high, price dropped like a stone in the water. The last move signifies looks to me like the last puke, to scare the crowd out of the position. If you think - a market specialist has all the money he needs to manage the market to the big players favor. But there is one thing that makes me ummmmm..... ...watch the last huge bar in the orange part....
Here we have a clear zoom through the centerline. As of the rules from Andrews, we can expect a pullback to it with a further continuation to the downside. Keep in mind that the two grey lines are a potential support...I would not ignore this. Waiting for a pullback and see what's going on.
Price often creates Sine Waves. These SW's have centers, which get broken very often. Here we can observe that price did break the smaller SW already. But there is also a bigger one cooking. Let's see if price has the juice to break this one also and if we can manage to take a short ride with price. Patience...patience... P!eace ;-)
I have some Credit-Spreads on the D. TF and price of CL. is very near at my short strike (50). Unfortunately this week are some news events about CL. So I decided to go lower in TF to see what's going on and I found this. We have a Sine Wave going on in the 480mins. As of my last postings, you can see that they show up allover the place in any market and any...