TheSecretsOfTrading

TheSecretsOfTrading Nov 11, 2022

As you see - to me we have reached the limit. It is likely we end up the day at resistances and next week start taking profits - But I don't see it going further than this - post-CPI euphoria is calming down and a result of 7.7% isn't yet low.

TheSecretsOfTrading Nov 11, 2022

CPI results were better than predicted, but the pace at which it gets lower each month is just so small, that I still see nothing bullish. I would even say that this could give the FED more pros to rise rates even higher to get things done quicker than they are doing. 7.7% is still a big figure so I keep my bearish bias - based on SPX and VIX - I don't see DXY...

TheSecretsOfTrading Nov 11, 2022

Nothing has changed ! The lower stronger trendline was taken into account . I don't expect it to be crossed, therefore I stick to the same initial plan. As to me - we touched bottom. No more ups this year.

TheSecretsOfTrading Nov 10, 2022

The bottom is still ahead of us ! We will bottom between 13-14k - and based on how we bounce from it - we will either consolidate and retest 15800 and fall lower in december - or bounce higher - but I will buy at mid 13's when we get there.

TheSecretsOfTrading Nov 10, 2022

Although I feel DXY is moving just as planned with the redline a long time ago - timewise it has been realizing those movements pretty quickly. Therefore I leave the redline as a souvenir, but the purple line is my expectation of what might happen - retest of that ceiling and no more bottoms - just fight to cross that line and go for new highs.

TheSecretsOfTrading Nov 10, 2022

so SPX has broken down on the lower timeframe and followed my red arrow - As an update I'll just say that I see it consolidate around this area. Not expecting bigger movements, therefore safe to trade up and down for now on LTF.

TheSecretsOfTrading Nov 10, 2022

...Oh It's just a prediction playing out. Yeah so just updating you on this one - we are bouncing from the broken curve now - I still expect some consolidation - but that bounce is already showing great support at these levels - VIX is bottoming before the plunge of stocks.

TheSecretsOfTrading Nov 9, 2022

This is for now - if today's NY session opens and we start squeezing shorts - which should happen - this is the what's gonna happen. Be carefull though ! my goal is still at mid 10's - but this is a quick scalp possible to happen.

TheSecretsOfTrading Nov 9, 2022

It went straight down as my arrow - We reached already halway there, although this consolidation and oversold indicator suggests we could try and grab quickly liquidity being held above 19k first. Possible squeeze 20-20.5 k before falling to 14-15. Watchout !

TheSecretsOfTrading Nov 9, 2022

So it's been a long time since no drawing has been modified on this one - and it happened. Crypto was just acting like it wanted to breakout from stocks, but it quickly came back down - the hard way. Last time I posted when the breakout happened and commented, that I don't see it happening and it must be a fakeout - and so it was. Still more downside ahead.

TheSecretsOfTrading Nov 9, 2022

As I thought - this breakout wasn't meant to be a retracement, but just a consolidation - it follows the path as drawn at the beginning (but realizes the waves way faster) - so expecting the same output at the end. Hold on tight!

TheSecretsOfTrading Nov 9, 2022

SPX - no blow-off top (heh) on the sight. Consolidating as planned - although a bit higher than expected - but that is okay - already seeing price action with tendency of breakout to the downside - whioch should retouch the white trajectory - All goes as planned so far.

TheSecretsOfTrading Nov 9, 2022

Just a commentary every x days as always - VIX is consolidating in this area creating strong support and allowing stocks to breath a bit before the final blow. Not expecting big dips here - a retest of bottom curve at best. Then a bounce to the upside. Hold on tight, we are about 1 month away from the worst.

TheSecretsOfTrading Nov 7, 2022

Just an update of the fractal - moving 1:1. I see no reason to be bullish. The FED pivot thing was a performance, not news.

TheSecretsOfTrading Nov 7, 2022

Manipulation has played out - longs trapped. If a curve is broken and price comes right back inside it - this is bad - Expecting a sweep of lows and then a proper bounce. Target: 14-15 k

TheSecretsOfTrading Nov 7, 2022

This chart surprised me a bit - I was expecting Crypto to breakout towards the orange line and consolidate there until going back down - but euphoria/manipulation has driven it even higher. I stick to my initial path, but that short squeeze could hurt somebody bad.

TheSecretsOfTrading Nov 7, 2022

This path has aged pretty well - perfect touch of the top of the wedge and now headed towards the bottom. Sticking to the initial plan - this isn't a bearish breakout.

TheSecretsOfTrading Nov 7, 2022

And it won't happen, they are late to the party as the blow-off top happened in 2021. Here we see the euphoria backed down - coming back to my initial trajectory - and expecting it to stay that way - consolidating and injecting uncertainty into the market. My next strong trend is downwards - but it may take weeks until it happens.