Open trading account 
In today's blog post I want to take the time and talk about my recent trade which was long GBP/USD. This trade was based on a market model or you can call it a fractal pattern (see Figure 1) that cable has been following since the start of the sell off from 2014 highs. Now, even though I got out of this trade relative fast the upside momentum should prevail if we take in consideration the seasonality cycles of GBP/USD which has the tendencies to strengthen during the summer time period and post …
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GBPUSD Fractal Map Part 2
Cable's price action looks quite familiar and it's a fractal of the 1992-2000 price action (see Figure 1). We can see that the massive sell off in the 90's resemble the sell off that we had in 2007-2008 and going forward both sell offs have seen a 66 months retracement. Not only that the price action looks similar but also time wise this fractal looks similar. This fractal will suggest that eventually we'll have
to see another major swing low below 1.3490 before the market to enter in the next p…
to see another major swing low below 1.3490 before the market to enter in the next p…
GBP/USD Fractal Map
Last month I've posted this analysis that you're about to read in the Technical Analysis Contest, you can find the original post here: GBP/USD Fractal Map I thought to share it here as well since it has provided a good road map in trading cable so far.
Cable's price action looks quite familiar and it's a fractal of the 1992-2000 price action (see Figure 1). We can see that the massive sell off in the 90's resemble the sell off that we had in 2007-2008 and going forward both sell offs have seen a…
Cable's price action looks quite familiar and it's a fractal of the 1992-2000 price action (see Figure 1). We can see that the massive sell off in the 90's resemble the sell off that we had in 2007-2008 and going forward both sell offs have seen a…
Fractal Update
It seems that my fractal posted the other day, you can find it here:EUR/USD leadin USD/JPY. FOMC vs NFP has not worked out as planned and my concerns regrading volatility expansion where right and the whole picture was distorted.
So based on that plan I was short not only USD/JPY but took a short GBP/JPY (see Figure 1)as well and even though during Asia session the market has moved down by the time we have entered the European session we experience some wild swing and both of this 2 trade moved …
So based on that plan I was short not only USD/JPY but took a short GBP/JPY (see Figure 1)as well and even though during Asia session the market has moved down by the time we have entered the European session we experience some wild swing and both of this 2 trade moved …
EUR/USD leading USD/JPY. FOMC vs NFP Fractal
Yesterday I was walking through my charts to prepare my analysis for the coming week and I have found an interesting Fractal (see Figure 1)that may help you track the price action on USD/JPY on every level. But even though we're comparing two historic periods with 2 different events (FOMC/NFP) and it may be the case the market reaction on this two events may be different historically the only reason why I trust this fractal is because it's converging with my previous view on USD/JPY that you ca…
USD/CHF Fractal Update.
After managing to catch almost 1000 pips from 0.8700 bottom, over the past 2 weeks you could have made another 300 pips, round turn, if you would have traded the EUR/JPY-USD/CHF Fractal (see Figure 1) that I've provided in this blog post: USD/CHF 3 Years of Trading Range. 1000 Pips Profit
I'm really impressed by the precision of this fractal and it has unfolded so far and now, it's time for an update chart (see Figure 2)and look at what is next to come.…
Figure 1. EUR/JPY - USD/JPY Fractal
I'm really impressed by the precision of this fractal and it has unfolded so far and now, it's time for an update chart (see Figure 2)and look at what is next to come.…
USD/CHF 3 Years of Trading Range.1000 Pips Profit
I've posted in my blog this analysis on USD/CHF that I'm going to reproduce here more than 5 months ago, you can find the original post here: USD/CHF 3 Years of Trading Range.
"Since over 3 years USD/CHF has been trading in a wide range like many other CHF pairs. We have established between 0.9970 resistance level and 0.8600 support level an consolidation zone which based on Elliott Wave we can count only 4 waves which suggest that we still have to make another leg to the upside to comple…
"Since over 3 years USD/CHF has been trading in a wide range like many other CHF pairs. We have established between 0.9970 resistance level and 0.8600 support level an consolidation zone which based on Elliott Wave we can count only 4 waves which suggest that we still have to make another leg to the upside to comple…
Gold Price Action Reminiscence of 2013
If you haven't seen up until now my last update on Silver I strongly suggest to check it out here: Metals Outlook. Silver Leading The Way Down because that's key to understand why gold is going to follow silver and break lower.
In my last update about gold, and you can check that blog post here:Gold Double Inverted H&S Bottom? I was arguing that on the daily chart we may be developing an inverted H&S pattern which was never confirmed as we need a break of the neck-line. Howe…
US Dollar in the Spotlight
Through the entire year I've been preaching that soon we may see developing the broad based US dollar bullish trend and it may be the case that the Dollar has already started shifting direction. But at the same time we need more time for this bullish US dollar sentiment to gain traction and have a well constructed trending market.
For more reference you can check out my previous take on US Dollar here: …
For more reference you can check out my previous take on US Dollar here: …
EUR/USD Long Term View
Last time I've spoke about EUR/USD was on my latest webinar, that I had to do after coming in the second place in Article contest, and I spoke in more details about the chart I posted in this blog post: FED tappers Effect
Although the chart I posted suggested you should go long EUR/USD, the trade was only good for 100 pips, but on my webinar I've said that we also need a weekly close above 1.3800 which we have not, so that trade was invalidated but still you could have made 100 pips.
Also , my s…
Although the chart I posted suggested you should go long EUR/USD, the trade was only good for 100 pips, but on my webinar I've said that we also need a weekly close above 1.3800 which we have not, so that trade was invalidated but still you could have made 100 pips.
Also , my s…