Sinex

Sinex Updated 

This is a tutorial in how to enter a trade on the 1hr time frame. We expect a higher high followed by a lower high (ABC if you know Elliott Wave) and we buy the second dip, we set our stop a few points below our buy zone with a maximum of 1% loss. Here I just speculate were the buy could happen as the 200MA hourly often acts as resistance. So do not use this...

Sinex Updated 

Here is an idea of what may happen. This is not a prediction but more of a tutorial in what to look for in the daily time frame of negative divergence. Of course this could be wrong and the bulls buy this to ATHs (all time highs) but I suspect the markets will sell off eventually. And this chart will prepare you to look for evidence that the markets will turn...

Sinex

Not time to buy back GOLD nor OIL. We need for gold or oil to move to oversold on the daily timeframe. In fact the 1hr (not shown) is going to set up a sell opportunity, an opportunity which I will NOT take, why bother when there is bigger fish? This is just to remind to to be patient and we will wait for gold to come back down to earth and then buy. I still...

Sinex

GOLD is about to signal a buy in the 1hr time frame. The dotted orange vertical line is a warning that if the STOCHASTIC moves above the 0.0 line then it would trigger a buy signal. Again I suggest a 1% maximum risk to total portfolio and buy the correct size of contracts or shares (GLD).

Sinex

Notice yhe ADX did not support the downturn sell signal, but it is turning up on this move up. The %50 RSI looks to go bullish by crossing the 50% line. If so it is a short term buy.

Sinex

Buyers salivating again that their is a bounce in BTC. They will not learn. The biggest BIGGEST mania, bigger than tulipamania, and they are expecting 100k! The likely outcome for me is that BTC is in a corrective ABC pattern. I do not use nor recommend Elliott Wave but it is useful. From a personal history EW led me to many losses because of its...

Sinex

Gold did not correct as strongly as I expected but it did correct. Going forward I predict people will once again reiterate that gold is a flight to safety asset, but they will have been wrong. What is really going on is that gold now is going to challenge its ALL TIME HIGHS (ATH) and just like the indexes will move in a parabolic fashion (similar to oil) DO...

Sinex

Amazing symmetry of the Head and Shoulders pattern played out in USDJPY. Of course we were prepared to see what we are seeing. Going forward I can not remain bearish on the USD since in 2008 the USD was the flight to safety currency and the JPY collapsed. Nevertheless it is a joy to be right. LOL!

Sinex Updated 

Negative divergence in the 4h time frame indicates a sell in the short term. Though I am not an Elliotician I see an ABC pattern as a correction to the downtrend I have been charting since December. The ADX you can see did not support the upside by turning upward and cycling over 20. This suggests the bullish move was weak and is likely over and we will turn...

Sinex

An ascending channel suggests gold will correct to the downside. Possibly testing the expanding pennant breakout. If successful it will be a confirmation of bullish price action and a buy.

Sinex

Not much interest in bearish outlook nor even correct predictions. People just want to reaffirm their bullish biases. Not only that but traders posting wrong calls after wrong calls CHARGE for said calls! What on earth? This will be my last post. I don''t know what I expected. But seems kind of useless to continue to post publicly with no feedback. You can...

Sinex Updated 

As I previously thought oil would tumble hard of the 93 area, well it has not done so as strong as I had expected. The last two days have printed big doji candles which often means reversal or at least indecision. For the bearish outlook we need a strong bearish candle NOW or this likely will reverse to the upside. The expanding pennant pattern is most...

Sinex Updated 

Oil target reached. The expanding pennant is now complete. The target was RIGHT ON THE MONEY!!! This will likely touch the bottom of the expanding pennant.

Sinex Updated 

Now where have we seen this pattern before? Oh yeah most instruments. Now its time for the USD to top around these levels. The ascending channel (in blue highlights) is indicative of corrective price action and most often bearish. If we had a descending channel this pattern would not be complete. A strong downward trend is likely for the USDJPY.

Sinex Updated 

Gold has reclaimed its contracting price action and will likely breakout to the upside with a target of 2201. Stops would be below the middle of the pennant pattern. 1775 or so. Losing the middle price action could take this in the opposite direction therefore we must manage risk and stay vigilant until price action has broken out of the pennant pattern and...

Sinex

GLD bullish scenario. I estimate a year before 211 target

Sinex

"Giant Pennant" sounds funny, but that is exactly what Gold finds itself in. A giant contracting pennant pattern. The nice thing about these patterns is which ever way they conclude they move to approximately the length of the widest range of the pattern. The bad thing about these patterns is that no one can really know how they will conclude. The ending...

Sinex Updated 

Nasdaq must break out of this slightly bearish channel . If it does we can talk "buy" again. If it breaks down it's very very likely game over for some time, as people had gotten so complacent that any body could win at this game. The sad truth is that very few win at this "game." Going forward here are some possibilities on how this plays out in the near future....