The last video walked through a trade signalled by Amateur activity. This video walks through this morning’s trade signalled by Professional activity. The Emini topped out at 3,008 with Exhaustion buying and “End of Trend” signals on the highest timeframe. We then spent 30 minutes in congestion under the Highs – during which we had […]
Whenever I talk about the Amateurs getting wrong footed, I upset people. They email me saying “don’t pick on us poor Amateurs”. What can I say. Looking at average trade size and identifying when the Amateurs are active helps me to trade. Today we had a great little setup. First the Amateurs had gone Long […]
Gold has rallied almost 30% from its Lows in 2018. And Silver has rallied almost 35%. Nice moves, no doubt. But are these rallies real? Will they be sustained? Traditionally Gold rallies when the Fed prints or there is talk of the Fed printing. I also like Martin Armstrong’s view that Gold rallies when there […]
The Low made at 9am today wasn’t the real bottom, as there weren’t any Professional bars on the Low. We had Exhaustion selling volume and rallied back. But the rally back was weak and led by the Amateurs, shown by RAMBO patterns at 10am. Once cyclical Resistance on the highest timeframe came in and the […]
We’ve rallied almost 100 points this week on the good(ish) news out of Hong Kong and China. Friday morning we get employment numbers. Looking for a pullback to end of trend sequence on my 4500 tick chart. Good luck with your Emini trading today.
On Friday the Euro crashed through the psychologically important $1.10 level. And no Professional bars in sight. They’re waiting. Waiting for the panic that will come as parity with the USD looms into view. Right now everyone is talking about Hong Kong, Brexit and Trump’s trade war with China. But are we shortly going to […]
The Emini reversed before the 11am window today and then continued to close on the extreme. I didn’t manage to catch the reversal Low but there was a nice mid-trend entry point – with lots of Professional activity to show the way. Good luck with your Emini trading this week.
Brexit is only 33 days away and everyone is freaking out about the UK leaving the European Union with “no deal”. Everyone, that is except … the British Pound chart. The chart shows the British Pound starting to break higher against both the US Dollar and the Euro. Some would argue that this strength is […]
Early RAMBO patterns can be great reversal signals. Look for them from about 8:45 to 9:45 am Chicago time. ‘RAMBO’ stands for Reversal of AMateur Break Out. It’s when the Amateurs are leading the break up or break down and then get wrong footed. The Amateurs might ultimately be right about the direction, but are […]
A currency rollover started at the beginning of this year – out of the US Dollar and into the Euro, Yen, Pound, etc. But I don’t think it’s the end for the US Dollar. Just an important cyclical resistance point. We’ve not seen Professionals taking profits in the US Dollar and buying the Low in […]