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CHFJPY Bear Flag
[2019-07-16   05:51 GMT]

CHFJPY started rallying in the 19th of June, breaking up the double top where the rally petered out at 110.60, only to fall back below the ex-double-top (marked in green). The grand chart is given a sort of pennant with borders in blue. The mentioned nose-dive has patterned a bearish flag (pole 110.60 – 109.10).

A close below the ascending channel, i.e. below 109.40, should drive the currency back to test the support of the pennant near 109.00. if this scenario occurs, then the exit should be set once a close above 110.00 is triggered

Sustainable Dollar Gains or Exhaustible?
[2019-07-03   10:20 GMT]

Dollar has rushed to close positively on its 2nd day of the month after consolidation that lasted few days where the candles printed “indecision” twice before the rally.

The almost one-figure rally has captured back the upsloping trendline and the candle closed above it – meaning that dollar gains are sustainable for now and should be further secured through the ISM data today.

The yellow trendline reads today 97.50 and the persistence of the rally should allow a test of the yellow TL before the market succumbs to a floating retreat due to US Federal Holiday, Independence Day, July the 4th, 2019.

If the above scenario is correct then the yellow metal should drop further to 1380/1370 before a rally challenges 1445.

Keep your eye on the dollar index upsloping trendline. As long as the market trades below it, the gold will rally (and vice versa). Be careful, the current market is extremely bullish which means that there is going to be bull-strangulation before rally resumes.

You have Just been Warned!

EURCAD Last Window,
[2019-06-18   05:37 GMT]

The consolidation of EURCAD since February is about to end. The squeeze is about to explode heavily and no one should be in the wrong direction.

After the plummet since day 01 of the year, the cross has retraced fully to the 38% fib line and faltered slightly below the 50%.

The geometrical structure points to a fabulous rectangle bordered by 1.5170 and 1.4930 that should yield an equivalent of 240 pips as target. A close above 1.5170 or below 1.4930 is needed before any trade is manufactured.

The bearish post is most probable as the formation of a rectangle after a significant plummet is translated onto a pause before another descent. The squeeze trendlines are coming to an end, pointing to a blow out. The head and shoulder pattern from 21 May gives more power to the bear basket. Once a close below the neckline of the H&S is triggered, below 1.4980, you may start preparing the bearish move. However, as said, only a close below the rectangle base would perform a significant yield of 240 pips.

On the other side, the bull phenomenon is constructed via only a close above the resistance of the rectangle: 1.5170.

The exit of the trade should be labeled solely on a close at the other side of the border of the rectangle.

USDJPY Consolidation Ahead of G20
[2019-06-18   05:04 GMT]

USDJPY has published a bearish flag pole that should target 107.70 once a close below 108.20 is locked. The false break at the downsloping trendline hints for going further south as long as no close above 108.80 is printed.

EURCAD run out of steam,
[2019-06-06   03:01 GMT]

At the beginning of the week, all implied geometrical structures confirmed a rally. Yesterday, it was the final attempt after the market charted “this candle” (see picture) at the 4hr chart.

Out of this chart, a rectangle is formed surrounded by triangle borders: 1.5130 vs. 1.4950. the several attempts to break the resistance have failed and now the euro is under heavy pressure.

Reverse the bull note of the week that was posted hours ago and target instead 1.4950 once a close below 1.5050 is triggered.

Further, the 1hr chart of this week has transformed the bullish structure into Head & Shoulder, neck-lined at 1.5050. Another reason why the bears are going to win the end of this cycle.

A close above 1.5140 negates the entry to the bear farm.

Symbol of Hyperinflation,
[2019-06-05   04:58 GMT]

In 2016, Venezuela received $750M cash loan from German Deutsche Bank and put up 20 tons of Gold as Collateral. The agreement, which was set to expire in 2021, was settled early due to missed interest payments as Venezuela has now effectively run out of foreign reserves, prompting the bank to seize the precious metal which was used as collateral and close out the contract.

EURCAD double structure
[2019-06-03   13:45 GMT]

EURCAD PRPEPARES FOR ANOTHER ATTACK AT 1.5130 & 1.52 AT THE START OF THIS MONTH. WORTH TO NOTE THAT 1.5130 HAS BEEN TESTED SEVEN TIMES ON THE DAILY FRAME SINCE APRIL WITHOUT MAJOR REPRISALS.

THE STRUCTURE ON THE SHORT FRAME IDENTIFIES A BULLISH FLAG THAT HAS SET A TARGET BEYOND 1.5200 WHILE THE LATEST CONSOLIDATION CONFIGURES A LAST MINUTE SQUEEZE WITHIN THE PENNANT CONFIRMING THE ATTACK IS COMING WITHIN THE NEXT HOURS.

GRAB THE TRADE TOWARDS THE SKY AND EXIT IF A CLOSE BELOW 1.500 IS TRIGGERED.

Furious Gold Buyers,
[2019-05-23   08:04 GMT]

The Middle East was boiling as the United States ramped up its fleet to counter Iran. Suddenly, everybody backed off: Iran, Trump, EU, & Israel announced that they do not want war and all parties need to de-escalate.

Trading the de-escalation note, Gold tumble back below the base of the descending triangle. Last week, gold shot up & broke the downsloping TL as Iran tensions had tremendously escalated.

Shall we secure a weekly close below the base and gold should fall like a stone targeting 1200. Only re-escalation of tensions & close above 1304 will let us abandon the bearish scenario.

USDCAD Consolidation,
[2019-05-17   08:19 GMT]

The correlation between USDCAD & Oil (crude oil WTI) since US-Iran prompted escalatory environment is depicted within a consolidation for almost a fortnight. This fraught situation will last at least till Trump and Putin attend the G20 meeting in Osaka on June 28-29. In terms of Bid-ask, keep the bid floating for a better revenue.

In parallel, as we wrap up an uptrend in oil along with the positive USDCAD correlation, the latest consolidation outside the yearly triangle should comfort a test towards 1.3670 once a 2-day close above 1.3520 is triggered. This scenario holds as long as the price doesn’t sudden drop towards the base of the triangle, an unlikely scenario during muscle manifest that will end in exploding some nuclear in the Middle East. A close below the base negates the pip’s revenue.

Sterling Taking Revenge,
[2019-05-14   09:23 GMT]

There is a beautiful chart that is sounding the alarm towards squeezing latest buyers near 1.3150. the pressure continues to manifest in different forms. The first structure shows a squeezing triangle that still has a room to maneuver a “sell rally” towards 1.3100 or lower a bit. The second structure is visualized as descending triangle with the base shown in red at 12960 and 12980. Today, the price is working aggressively and under full pressure: below the base and on the upsloping trend line. The final appearance tend to cover the wave AAA to equal wave BBB targeting 1.2600 as long as no close above 1.3200 is triggered.

EURCAD TRIANGLE
[2019-05-07   04:27 GMT]

EURCAD DESCENDING TRIANGLE IS INTERESTING FOR TRIGGERING 1.4960.
THE PRICE HAS TESTED 1.5100 ALMOST 10 TIMES ON 4HR CHART HINTING FOR CHARTING A LOWER LOW,
IN A WAVE THAT IS CORRELATED TO RECTANGLE BRODERING 1.5100 AND 1.5000, PLUS THE LOWER HIGHS THAT
HINT FOR A LOWER LOWS.

a CLOSE ABOVE 1.5100 NEGATE THE SOUTH VISION

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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