chartwatchers

chartwatchers Updated 

Central banks' money printing is at maximum level. How do I know ? Because stock markets cannot print a healthy correction. We should have come down to the daily cycle low already. But it's not happening. If we cannot come down to the daily cycle low it means the buying pressure is so strong that we are going sideways or breaking to new highs. I don't want to get...

chartwatchers Updated 

Here is our red candle. Not a simple candle: key reversal. Shorts can take a breather. Late longs will pay the price of their late entry for 2-3 days. As this rally was a monster rally and we finished the rally with a doji there will be at least one more red candle tomorrow. 1. I think we are going to tag the 10 EMA (red) tomorrow. So the first long entry points...

chartwatchers Updated 

I will post a very interesting chart. Gold miners seem to be giving up the rally. In the past when SLowSToch and RSI got oversold it was the sign of the daily cycle low. I think this will be the same. As today we broke out of the Bollinger Bands I have to say we are very close. Volume is supporting us : we will have a bounce tomorrow or Thursday. In the last half...

chartwatchers Updated 

It starts to look like that the DCL is behind us . It was printed on the 12.08. For the confirmation we will need to break the blue trendline. We not just tested back the 08.01. high at 2.47 but this level is also the 50% retracement of the last daily cycle. RSI left overbought territory and now above the 50 level. MACD is crossing over and TSI wants to cross...

chartwatchers Updated 

What a daily reversal... DXY just tagged the 10 EMA on the daily chart and it's heading to the trendline again. I think a lot of people had bet on the bounce from the trendline. It's time to make some serious pain for the dollar longs. All my bets on the trendline break and the test of the bottom of the range and the 23.06. daily cycle low at 93. It's going to...

chartwatchers Updated 

I'm going to post an Energy / Stock / Metal Trade for the followers to trade. I will post the update in the "update status" section of the portfolio post. Starting capital is 10.000 $ in each portfolio. When I close the actual trade I will move the whole amount to the next trade - in this case it will be Stock trade 2. Stock trade 1 ended with 6019,75 $...

chartwatchers

False breakdown from the triangle. Breaking last week's lows and a rally back into the triangle. This is the recipe for a nice beartrap. I think a lot of retail bear is back in the game with shorts today. So it's time to fleece them. If we break above today's high in the night we will have the chance to break out of the triangle and print that daily cycle high at...

chartwatchers Updated 

August triangle. Disappointing. Killer. Boring. Thus describes gold's last month. We broke the critical area where I was hoping for a breakout but the only thing happened the triangle started to evolve into a bigger triangle. My other problem is the dollar. Gold was unable to pop with the falling dollar during the last few days. It doesn't show too much...

chartwatchers Updated 

Due to my cycle count we will be heading down the DCL during the next 5-9 days. At least we should test back the breakout at 4737 $. Notice the 4hrs chart RSI divergence and MACD divergence. I would suggest to use stops at this trade: 1. SL: 4820$. 2. Or you can use the blue trendline as a stop loss. If a significant close - price breaks above the blue...

chartwatchers Updated 

S&P has broken to new highs, but I see too many divergencies... We had a 29 days of rally and it seems the higher high will not be holded. That is the main reason I closed my S&P 500 Index longs. We just wait for a healthy pullback - maybe the testback of the breakout and enter with longs again. I set this idea as a short but I'M not going to play this on the...

chartwatchers Updated 

As I'm watching the ideas and I can see 95% of the ideas are short in oil. I'm sure some of you missed this move. It looks now this is the end of the world. You were not able to long oil when it bottomed or tested back the 200 MA. Some of you lost a lot of money during the last 3 years when it was going down day after day. Then you were waiting for oil to go...

chartwatchers Updated 

While I was waiting for FED I made this chart. I highlighted all the FED and FED minutes days. On the 27.04. we had a FOMC meeting. At those days we were also in a triangle. The next day we broke out of the triangle and printed 2 days of strong rally to the daily cycle high. (Highligted by blue rectangle) I think there is a decent chance the same thing is...

chartwatchers Updated 

If the US Dollar Index is short the EurUsd is long. I'm looking forward to see the same story as in the US Dollar Index. The EurUsd should tag 1.15 during the following 2 weeks and even - as we are early in this daily cycle - the marginal break of the previous highs is not impossible. So don't be surprised if we print the daily cycle high not at 1.15 but at 1.16...

chartwatchers Updated 

Nothing has changed here : we are on the way down to the bottom of the range. Though on Friday the american dip buyers - USD perma bulls - pulled up the price after the European session if you look at the hourly chart you will see it could be anything but not long.... I think that next week will be a big down week for USD.

chartwatchers

I noticed some serious divergencies here on the hourly chart. So just as in the US dollar index I'm closing the half of the position here as well. As the Dollar reached the resistance EurUsd rally could slow down a bit. We see how far it can go but now: I want to lock in some gains. It was a great run.

chartwatchers

So far so good. It's doing exactly what we were waiting for. Now we tagging the trendline. I will take profit on half of the position here as this level will be a strong resistance. But I'm still looking forward to tag the trendline. So with the rest of the position I'm waiting. I would not open any position here only closing half of the shorts.

chartwatchers Updated 

...and here we are... The day when I start buying NatGas has arrived. I would not rule out that we have one more drop down to the 200 EMA (or the blue trendline), but due to my cycle count we are at the point where are I want to buy. You know how NatGAs is moving: 0.3 $ in one day (26.05.) when BigMoney is ready in the NatGAs shopping Centre. I just don't want to...

chartwatchers Updated 

As I mentioned in the previous market summary post I think the money is starting to flow out for a few days from the stocks and maybe from oil. If investors are not buying stocks nor the dollar then money starts to flow into gold for 2-3 days. This is exactly what I'm waiting for. Today the FED minutes might show that the FED is not so sure about any rate hike...