microtrends

microtrends

Note the uncertainty and emotion that occurs here - the Signals on the chart only appear 3 times - 2 longs and 1 short.. all winners... the 3rd one - is the one we are looking for.. the first two are too small to care about...for this commentary... The reason we use the system this way and do not have signals at the other levels is it is very tricky... and...

microtrends

Will oil fall to 98.87 or reverse here 99.50 after congestion? we are short from cross below 101... we are at 125% + of the daily range We are past a historical level 99.65 area 98.87 is next! Should we reverse here... not without confirmation a close above -f100% 99.55 - yes perhaps is there time today? will we congest here and rally up over night? Will we...

microtrends

After our short signal on the chart we are not showing signs of slowing and congestion... and some stats and timing that say at very least scale 1 out... if you are short... Oil long Fib Grid -f76% to -88% range 125%+ reversal at low if we break above -f76% on the fib grid 100... this is a sticking the neck out trade - pre-empting a green candle above the...

microtrends

Oil End of 2014 Forecast based on the uptrend which started in 2009 after the 2008 sell off. Anyone trading the S&P500 during late 2007 and 2008 should remember the effects it had - spikes - when oil news was announced... and the huge meltdown for transports... on the monthly chart we can see this period easily and make the MTAutoFib plot the high to low in a...

microtrends

GBPNZD is at what appears to be a pivotal week - whereby we might be set for some congestion as the market decides to reverse to the support zones of 1.98 / 1.97 or to break 1.99 . So in Shorter term this week we might see a retest of 1.99 and a break above which may prove to another largish week of 100% ranges - however equally this might be 1.99 rejection or...

microtrends

I would expect the high to be in the region of 112 if the uptrend continues and we break through the 2012 level of 100.72. The MT AutoFib Indicator and MTHorizontal Levels Indicator show levels of horizontal support and resistance in the current market structure. More details of the indicators used here are available from Chart > Indicators > MarketPlace > ...

microtrends

ES Long based on 100% Range reversal - short covering rally ES was short at the open you can see the red indicator plot on the chart telling you to go short... Price first tested above then below - The fig grid shows this as the price nudged f23% then later hit f76% making a total of almost 100% of the daily expected range as detailed by the range grid at...

microtrends

3 Components of empowered successful trading Entry Targets Exits This is a text book example of a trade and a linked post on how to find days when this trade is likely to occur: The indicators used here are: MTORLevelsSig - is the indicator that draws the trade signal to enter long or short MTAutoFibGrid - is the indicator that plots the fib extensions from...

microtrends

Market Geometry like this normally results in some kind of significant move - especially when you factor in price... and the other stock indexes, S&P500, The Russell, NYSE - all have this. I don't need to have an opinion - all i need to do is to use a system that can leverage this condition. I would be looking to line up at a session open... with the event of...

microtrends

The MTAutofib indicator is picking up the highs of 2006 and the lows of 2012 on the GBPNZD - current market structure was can see a sideways channel or volatility zone the lower which was set in 2012 and 2013 and is still in play 2014. The most notable effects of time must be the range of this volatility zone and the range contraction of all FX markets from this...

microtrends

Slightly bullish due to the support zone - until it is broken.... much longer term if we continue i would expect a new volatility zone to emerge at above144 and go on to test 152... if we breakdown then i would expect a retest of 136,132 ... possibly even 128 and then 123....? -that's all possible without looking at news - all i am doing is picking price and...

microtrends

Long at the open breakout - but possible expect retest of weekly open and looking to travel towards the 140 areas...is what i expect.. but no guarantees. Here is my attempt of how i arrived at this expectation. Based on the higher time frame analysis of a weekly chart you will see horizontal support - last week low at 137.50 and a close back above at around...

microtrends

From the low in March 2013 to the high of September 2013 - gives us a little over 1 year for our high to low Auto Fib Indicator to plot the levels between shown on the right. 61% 102.05 is the current zone and resistance today. F0% 85.61 being the low - f100% 112.21 being the high. So we are above 50% of the market range based on this period. Looking at...

microtrends

MT Daily Pivots indicator lets you see the market pivot points clearly using a proprietary statistical range and Fibonacci formula - which also allows you to chose from a choice of pivot point starting places, from the standard, open, prior close and others. Also using a statistical % evaluation of the market range the pivot points can also be adjusted to show a...

microtrends

Last Signal Green Triangle Up = Long Signal Stop 24 ticks Using the MT AutoFibGrid for your trade management target and trail zones BreakEven Zone = 23% 101.82 - reduce risk by 50% - move stop to -12 ticks Target 1 = 101.95 to 102 - High Target 2 = f50% 102.16 trail to below f23.6% at f50% Range Grid Below Shows we are 50% of the session range - before the...