ck9888

ck9888 Updated 

On 20th Aug I went long at 1185 with a stop at 1170 targeting 1210. Since then I have revised the stop to 1186 to lock in any profit since the trend is up. The reason why I am trailing the stop is because I am still concerned about the Weekly chart for Gold being far below the 20 MA. Additionally, there only appears to be a 1 wave correction on this weekly...

ck9888

The daily chart is starting to turn into the 5th wave down. Stochastics are also turning, so I will be watching for covering bearish bars before entering a short. Likely within the next 24hrs. The 3hr chart is also just coming off overbought. Prime time!! The weekly chart is still on a bear wave 1 and well below all moving averages... strong bear trend.... daily...

ck9888 Updated 

The context is the weekly chart has finally retraced to give an entry point. The overall trend is still bullish. The daily chart is starting on the 5th wave up. However, in the past 24 hrs the jump has been pretty large. To time the entry and minimise the spread between the stop and buy price, I am looking at 1 hr chart and looking for 50% or 61.8%...

ck9888 Updated 

I am targeting 1160 and 1150 on the 1 hr chart. 1150 hits the fib projection and fib extension levels from the start of the bear trend on the daily chart. I'm actually using a 10 min chart on another platform, but the 15 min chart correlates close enough. Just waiting for the 5th wave up to end, then go short - check stochastics are overbought on both this...

ck9888 Updated 

I didn't see this coming... Gold has broken below a technical floor. Back on the 19th July, what looked like the end of a trend created a low of 1211. Gold has now broken through this floor and is bouncing off another fib level at 1207. Looking at the daily momentum, there is still scope for price to fall further as momentum is still down. Looking even further...

ck9888

AUDNZD shows a nice 5 wave pattern forming on the daily chart. It has just come off a 5 wave down and seems to be going up. Showing nice symmetry after coming off the 161% retracement of wave 2 and 100% projection of wave 1 on wave 3. Right now it's coming off oversold on stochastics which should bottom out as shown on the chart (though 1.097 is a possibility...

ck9888 Updated 

The weekly chart is below the moving average indicating a bear trend. The daily stochastics crossed over yesterday just under 80 on the scale and going downwards. The trailing bar after the stochastic crossover is covering bearish and lower low. Looks like wave 2 has just completed with some way to continue. I've just gone short and targeting 2.69 in a week. I...

ck9888 Updated 

I have been trying to find a way into the AUDCNH bull trend, but there has been no let up. All my predictions have been busted which has lead me to revisit the big picture. Let's be clear here... there has been a 6.5% return from mid June to end of July. That's quick. Using the MA chart is always difficult because you have to find the MA which best describes...

ck9888 Updated 

Taking a look at the weekly chart, I am looking at the where stochastics cross over followed by the chart crossing the 15MA line. Naturally, there is always a lag between the 2 events... and the larger the MA period, the larger the lag (but the more accurate sense whether you're in a bull or bear trend). At the start of 2017 stochastics crossed, then the chart...

ck9888

I'm taking a look at the AUDJPY with a fresh lens. Credits to my Canadian colleague for pointing this out. Looking at the weekly chart and the way stochastics cross and the chart moves with the 30 day MA, the chart is self explanatory. In simple terms, all over the chart you can see the weekly medium term trends from the stochastics crossing over to when the...

ck9888 Updated 

On the daily chart I think sugar is coming off a 5 wave bear and starting a new trend. I'm watching the 1hr and 3hr timeframes and tomorrow will check for confirmation on upward swing in momentum. If it's there, I'm going long.

ck9888 Updated 

I have actually just gone long on a Platinum ETF on the broker platform I use. I do not know which ETF on trading view is the equivalent, but in any case I thought to update Platinum physical, since that's the underlying I'm actually following. We are coming off a 5 wave down (so I believe), stochs have crossed, 1 bar trailing high taken out... what's not to...

ck9888 Updated 

Oil has just come off a 5 wave bull run. The weekly stochastics are pointing down suggesting a pullback in prices. I do not have high conviction here as it's hard to tell if this is currently a corrective wave or wave 5 down. The price has just nicely bounced off the Wave W external retracement to swing back up. It's an expected short swing followed by a nice...

ck9888 Updated 

I have been following AUDJPY since late March after the pair came off a lovely 5 wave bear. I have been trying to find the start of the long bull run, but the pair is stuck in an ABC correction channel. Looks like this pair is still stuck in the channel. I placed a pitchfork and the standard fork (in dark mauve) is too steep. It's not describing the trend. ...

ck9888 Updated 

I missed the wave 1 up believing that the previous 5 wave down still had some way to go. I missed the current wave 3 up, but want to catch wave 5 up. Based on fib levels and laying a Schiff pitchfork, there should be a wave 4 down. However, my current trading rules are I only trade when I get a clear cross-over on Stochastics. I may therefore miss Wave 5 up...

ck9888 Updated 

I'm going to admit that I was a bull, but when I opened up the Ideas Updates this morning I saw as many bears as I saw bulls. There are people saying they can see a bull bat, others think they see a bear bat... reminds me of Tweety Bird "I tawt I taw a bat... I diid I diid!". So that got me thinking... what if I just trash all my analysis & start over... what...

ck9888 Updated 

Let me start by saying, I think Gold should be Long. However, in trying to find the end of the bear trend, level after level is being broken. I originally forecast a turnaround at 1230 on 15th Then I updated it lower to 1225 Nothing wrong with admitting I'm wrong, but the power comes in updating my views in reaction to market moves. I have a feeling I have...

ck9888 Updated 

I originally treated 3rd July as the end of a 5 wave down for Gold -0.47% . Based on stochastics crossing on 3rd, I went long on 4th July at 1255 but on 10th July got out at 1258 for small chicken feed profit as my anticipated upward Wave 1 target of 1265 by 10th (time fib) did not eventuate. I am now surprised that Gold -0.47% has fallen through my original...