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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

GBPNZD In Between
[2019-04-11   07:04 GMT]

GBPNZD has been consolidating lately, forming an amazing pattern.

Pattern I: Bullish Flag (in blue)

Pattern II: Rectangle (in red)

Both formations need a close to determine the next technical wave. Yesterday, the market closed above the downsloping blue trendline suggesting a rally is ahead targeting 1.9520+. Close below 1.9240 negates. As for the red pattern, a close is yet to be determined.

Sterling Crashing the Ups & the Downs,
[2019-04-05   07:29 GMT]

The Ideal of Conflicting Brexit Reports have transformed sterling charts into a geometrical shape namely rectangle. In order to emphasize the next step, some algebra formulas should be taken to assess the length of the consolidation and to target the other side of the rectangle or treat today’s close outside rectangle border as a continuation pattern.

Keep Brexiting as Consolidation needs no algos neither its immature reflections where banks, finally admitted, that they are exiting sterling trades a cause d’algos misinformation and maltreatment of Brexit & its House of Commons stream of commentary.

Eying stops below 1.2800

Quarter 01, 2019
[2019-04-01   09:27 GMT]

As of Indecision about Brexit, quarter first of the year has been one of the most intricate & obscure seasons. Until the road map of the Brexit is clarified, the tensed consolidation in the market will persist forming an out of sight squeeze for the market to eccentrically smother.

Usually, in the chart pattern, when a candle is graphed as Indecision, the market completes an important wave afterwards. Fundamentally, we are falling in the same pattern: as Brexit Indecision has been formulated, you should be ready for the next rout in the market.

As nothing has happened yet to the EURUSD graph, printed below, where no close below 1.1100 or above 1.1700 is triggered, then all those reports that are launched are nothing more than a nuisance. Complete relaxation till the chart triggers either.

Draghi To Explain,
[2019-03-07   09:59 GMT]

How after years of negative rates and QE, Europe is again on the verge of a crisis as TLTRO takes place only in case of serious economic shock. Another TLTRO could send risk assets sliding in what would be a nightmare outcome for Draghi.

Without new funds, the risk is that banks will curtail access to credit and worsen the slowdown.

 

AS OF TODAY, AFTER ECB, IF RISK ASSETS PLUMMET OR NOT, AND IF EUROPE IS ON THE VERGE OF A CRISIS AGAIN, YOU SHOULD HAVE A LONG TERM TARGET GRAPHED WITHIN A NON-STOP PROLONGED WAVE FOR THE EURO: EITHER EURUSD @ 1.2000 OR @ 1.0650.

 

*floating rally sellable

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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