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Brexit Pattern,
[2019-01-15   09:13 GMT]

“The day after we vote to leave, we hold all the cards and we can choose the path we want.” – Michael Gove, April 2016.

After a long vacation, we are coming back on time to watch the Brexit Bulletin where PM Theresa May accord goes to parliament late today for a vote. Will she win or be defeated that is an important measure for making the accord savoury to get it across the line.

The 100 votes is the magic number set by pound traders while 60 is for the European Union diplomats. There is hope if the number of votes is maintained below 100 and reduces the chance to call a no-confidence vote by Corbyn. GBP Positive.

If the number of votes exceeds the 100, all options are on the table including the call to form new government (above 200). GBP Negative.

Rally could hit 1.3000, 1.3350, 1.3500, even 1.3900 while the plummet shall hit 1.2500, 1.2200, 1.2000, 1.1500

Final Count Down
[2018-12-18   10:11 GMT]

WTI Crude Oil is not far from 2019-target at $25; What time?


EURUSD is far still from 2019-target at PAR and below, and


Gold is still far my 2019-target at 1000 and below!


May 2019-Pip Be With You!

 

Not Innuendo Rectangle,
[2018-12-18   10:10 GMT]

EURJPY has graphed an amazing rectangle for more than a month, pointing to a width of 170 pips. It ‘s target would be achieved very quickly one a serious break beyond border is triggered. Will FOMC do the job?

Rise Or Not To Rise, That Is The Final Question For 2018
[2018-12-18   08:03 GMT]

FED increased rates three times this year. Decision on raising again is coming tomorrow and chairman Powell holds press conference afterwards. Probability of increasing the benchmark by 25 basis is 78%, leveling to 2.5%

 The President of the United States Won’t like that increase at all!

Rectangle Pattern Supported by 75%
[2018-12-10   09:15 GMT]

EURJPY rally for almost 10 days since 26 October has ended with a retracement at 75%, graphing a rectangle pattern between 23% and 75% Fib line being developed within almost one month. This rectangle is bordered by 129.30 and 127.40.

A close beyond border is needed to go further.

USDCAD Double Rising Wedge,
[2018-11-16   07:28 GMT]

There is a nice daily bearish wedge that started with the green TLs only to develop false-break on either borders and reform a newly wider bearish wedge as marked by the drawings of red TLs. It is too early to call for a major slump as the panic descent of crude oil hasn’t sealed bottom yet.

The current price stands at 1.3160 and a drop towards to 1.3100 will be excelled by our buy signal targeting one figure. Only a close below the yellow daily descending TL negates the upping move of one figure.

US Avoids Shocking Oil Jump
[2018-11-06   04:35 GMT]


U.S. President Donald Trump on Monday said he wants to impose sanctions on Iran’s oil gradually, citing concerns about shocking energy markets and causing global price spikes.


“This has nothing to do with Iran... I could get the Iran oil down to zero immediately but it would cause a shock to the market. I don’t want to lift oil prices,”  and “If you notice, oil prices are going down very substantially, despite the fact that already half of their capacity is gone,” adding “it will be a gradual” imposition of oil sanctions,” he told reporters at US Joint Base Andrews in Maryland.


The United States on Monday restored sanctions targeting Iran’s oil, banking and transport sectors and threatened more action, part of a wider effort to curb Tehran’s missile and nuclear programs and diminish the Islamic Republic’s influence in the Middle East, notably its support for proxies in Syria, Yemen and Lebanon. Trump’s moves target Iran’s main source of revenue, its oil exports, as well as its financial sector.


One thing is certain: Europe is angry at the U.S. for unilaterally scuttling the Iran deal and possibly crushing the Iranian economy, which could further destabilize the region and lead to an even greater refugee flow toward Europe. Whatever the outcome, Iran will never submit to Washington’s twelve conditions and is preparing itself for a long siege as Trump is winning a second term.


Technically, Sanction Is Bringing Oil Price to Hell - Not Excluding $20 Within Months, Crude Oil WTI is becoming interesting for a crash

Obstacle I. Double Top ahead of imposing sanction

Obstacle II. Retreat ahead of 61% Fib

Obstacle III. Weekly bearish rising wedge formation

Good Luck!

ForexSurvivor Policy Course

Mapped By Predecessor


i. The market is full of fat tail risks that are impossible to predict and can shift market fundamentals without warning.

ii. Markets can remain irrational a lot longer than traders can remain solvent.

iii. Unless we get some sort of new action, volatility isn't likely to spike out of whack.

iv. A hedge fund manager makes a series of lucrative trades based on research from analysts at his firm and conversations with industry consultants. Some of those consultants have access to nonpublic information, but the manager doesn't trade on just a single thread of data. Instead, he culls together various tidbits of information from every nook and cranny of the market to stitch together a picture of a company.

v. There's an old market adage that says it's those quiet, unassuming price trends which are the ones most likely to continue.

vi. If you are inclined to enjoy puzzles, numbers, finance, economics, business, mathematics, science, psychology, and statistics, the market will be a most enjoyable space to thrive.

vii. Charts illustrate the pendulum swing between supply and demand, and the fight between buyers and sellers. The SLOPE is the master and commander of the trade, and Fibs are the checkpoints to either lighten or increase the trade size known as load.

viii. Silver lining known as Safe haven is defined as a currency, stock or commodity favored by investors in times of crisis because of its stability and/or easy liquidation, generally have lower returns.

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