


Finally the dollar is ready to rally. It's breaking ou of he double bottom. I'M expecting it to break out of the channel in the following 2-3 weeks. It is important for gold - finally it can show up some correction with the strengthening dollar. The strong dollar will have no effect on oil though. Target : 98-99.
I will post a few interesting energy stocks which I'm trading. These are not all in trades, but if you buy just 500 or 1000 shares you can make easily 1000-2000 $ in 2-3 weeks. If oil is making higher high - I think it will make - then these stocks can also skyrocket. This is a dangerous one. Has debt problems... But it went 0.35 to 2 a month ago... Today it run...
Dust - this is a real S* Of a B*... I do not recommend this one to beginners, but if you are a tough guy and can handle some risk this can be a good one now. Gold will break down sooner or later . When gold breaks down gold miners will start a correction also and DUST will start to rally. Many asked : go long now or later? DUST split is coming in MAY. I think if...
Gold is going opposite the dollar (following the EurUsd) I think the dollar is ready to rally (EurUsd is breaking down) - maybe today at the ECB meeting- and that might trigger the gold breakdown. So all the bulls who are buying gold will be caught on the wrong side of the market.
I trade only EurUsd, but a friend asked me regarding GBPJPY ... I see divergencies between the price and MACD + RSI. I would closely watch the upper trendline. Today we just tagged it . If we close above the trendline (RED) price should rally to the 100 EMA. If this time we cannot break the trendline we will come back to 150 and the next try will take out the trendline.
Plan has not changed : I'm waiting for the price to break the lower trendline and print a daily cycle low around 1.06-1.07.
I didn't post the weekly chart for a long time now. At the last intermediate rally we run for 14 weeks before the correction had started. We are now on week 10. At least we have 4 weeks more to rally. But because the new bull is starting at least we are going to take out the last intermediate top at 50$ and test the 100 EMA around 55$. So the rally might last for...
We are above the 200 EMA again. If we can stay here oil will shift gear : shorts will be covered above 42$. In a very short time we will be at 45-46$.
And here we are again at the 10 daily EMA. As I said on Friday whatever happens at Doha the oil rally cannot be stopped in the middle of the 2nd daily cycle. I hope all of you survived the saudi trick last night . 200 SMA is still very important today we just tagged it. 50 EMA is very important : we just turned from there today. Saudis were playing the same game...
Oil related shares are not buying that SA skipped the deal yesterday. Maybe somone had to open some long positions at suppressed prices today??? ERX, GASL closed the GAP in one hour... This is not the start of an oil decline below 30$....
Gold is in a bear flag today. I have a feeling that we will be attacking 1209.35 today or Monday. Gold had started the 4th daily cycle few days ago. These are usually topping on the 7th-9th day (1260) and it should start into its daily cycle low which will be the intermediate cycle low .
DAY 7 in the new daily cycle. We took out the prevoius high yesterday. But couldn't close above it. Is it good news or bad? Bad news for the traders who are already in, but good news for the ones whho would like to get on board. And a hope for the bears who are trying to short again.... :) As I thought it seems we will not break the 200 EMA before the DOHA...
This is exactly what I wanted to see. A bull flag at the 200 EMA. Volume is not enough for breaking through the 200 EMA. But I don't see any big sellers. So they are not selling. Why are they not buying? Because they are already in position. In the meanwhile we are running out of sellers in the bull flag. Conditions are not overbought anymore. (RSI near to...
DAY 7 in the new daily cycle. We took out the 1st daily cycle's high yesterday. But couldn't close above the 200 EMA. Is it good news or bad? Bad news for the traders who are already in, but good news for the ones whho would like to get on board. And a hope for the bears who are trying to short again.... :) As I thought it seems we will not break the 200 EMA...
I'm not going to trade this one, because I'm already in DUST , though I don't like to short gold in a starting bull market . It's a warning for those people who were jumping on the miners boat very late in this cycle hoping that miners will skyrocket out of our solar system... If you check the green boxes in the past the recipe was : Breakout with a huge...
I will post a few interesting energy stocks which I'm trading. These are not all in trades, but if you buy just 500 or 1000 shares you can make easily 1000-2000 $ in 2-3 weeks. If oil is making higher high - I think it will make - then these stocks can also skyrocket. If oil stabilizes between 50-60$ this one will run to 6 $ in one year...
I will post a few interesting energy stocks which I'm trading. These are not all in trades, but if you buy just 500 or 1000 shares you can make easily 1000-2000 $ in 2-3 weeks. If oil is making higher high - I think it will make - then these stocks can also skyrocket.
Few people asked me if the stregthening dollar can push down oil price? (Now we are waiting for a stronger dollar in the upcoming weeks...) I've set the US Dollar Index and USOIL on the same chart. If the dollar has an effect on oil price they should move to the opposite direction: stronger dollar - declining oil price and weaker dollar higher oil price (red...