jimmycdn

jimmycdn

Hello Traders, I would like to remind you there is fantastic wave theory – Goodman Wave Theory. Work incredible good and precise. It is real compare Elliot Wave which is very subjective (no offense). cheers, Jim

jimmycdn

Hi Traders, Look like not only EUR has the problem going higher but CAD (CAD is negative correlation to EUR) has the problem to go lower. as you can RSI indicate very strong support on 40 level. It's the pressure is building to lower site or price will give up and will continue higher? cheers, Jim

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Hello Traders, Now we can tell what will happen with gold in the near future. Gold will have hard time on SR level 1235.00. This is very strong level which was confirm by split candles formations. Get ready for short position cheers, Jim

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What do you think - will Cable will fly higher or will drop like a stone? If you know Goodman wave theory you will know for sure. Also you can you see Market Vibrations? Did W. D. Gann was right? RSI confirms with support on 40 level, bottom of upper trend. cheers, Jim

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113.00 its a strong resistance to the up site, to the down site 112.500. lets wait couple hours for the price direction. once again "Magical" levels are working perfect in sync with RSI. cheers, Jim

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Morning Everyone (EST Time), Grey Rectangle showing reversal from last Swing. Also I have included my to positions for Buy and Sell, pay attention to RSI and directions of Alligator. Cheers, Jim

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As you can see "Magical" SR levels work every time. Support/Resistance (SR) Levels and Zones are very important for all traders. Basically, you can expect that on specific levels price will stop remain for some time or bounce off. This help up define Risk to Reward Ratio. I know few methods how to mark SR. But I have found that this method is the best to define SR...

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As you can see all indications are pointing to reversal... cheers, Jim

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I do expect correction but not very deep. RSI is indicating that previous up move was not very strong (level 70), If the price will break trend Line (TL) then we can expect support around 60 level. I will go contrarian on this one. cheers, Jim

jimmycdn Updated 

This was the first strategy that give me first steady profits. It is based on Bill Williams "Profitunity" system. I did remove all oscillators based on Moving averages and introduce RSI – the most powerful indicator on the planet. As you can see on the chart we have Alligator, Fractals and RSI. IN short: Fractal indicates Pivot Points end or beginning of...

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We have Negative Divergence, Momentum is slowing down and Alligator is flattening, this is indication of potential deep correction to the down side. Watch for RSI near 60 level, if will remain above 60 then we will have continuation of uptrend. cheers, Jim