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Day: February 8, 2019

Crypto Contest February 8: Ethereum

February 8, 2019 Published by

Ethereum (Kraken: ETHUSD) has broken out of the triangle pattern in the daily chart.

(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Ether began a wave one advance on December 14, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 5 this year, and the red wave two (blue sub-waves a-b-c) correction ended on February 6. If this wave count is correct, Ether should be heading next towards the January 5 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe Ether is currently in the red wave five.

Forex $1 MM Challenge – Trade #5 (2-7-19) Sold USD/CAD

February 8, 2019 Published by

I talked about this set-up the other day.

Forex Analysis Report 2-5-19…Goldman Sachs Expects More Declines On USD/CAD

What’s really cool is the levels Goldman Sachs are looking at, I had already plotted…the Smart Money and I are looking at the same levels.

Today, I shorted USD/CAD when price returned to the daily supply at 1.32700, but was stopped out 4 hrs later.

So why didn’t the trade work out, it met my criteria for a trade?

Renewed pessimism about the strength of the global economy led to the down turn on Wall Street Thursday after European officials slashed their forecast for

Forex $1 MM Challenge – Trade #5 (2-7-19) Sold USD/CAD

February 8, 2019 Published by

I talked about this set-up the other day.
Forex Analysis Report 2-5-19…Goldman Sachs Expects More Declines On USD/CAD
What’s really cool is the levels Goldman Sachs are looking at, I had already plotted…the Smart Money and I are looking at the same levels.

Today, I shorted USD/CAD when price returned to the daily supply at 1.32700, but was stopped out 4 hrs later.

So why didn’t the trade work out, it met my criteria for a trade?

Renewed pessimism about the strength of the global economy led to the down turn on Wall Street Thursday after European officials slashed their forecast for economic growth this

The U.S. Stock Market Had One Hell of a Ride

February 8, 2019 Published by

If you haven’t been paying attention to the stock market the past two months you may need to do a double take.
The Big V
Just as the market broke key technical levels and broke down lower, putting us in “bear market territory” after falling 20% off the highs.
BOOM!
Just like that all is well in the world again as we have rallied nearly 15% to start the year.

How do you even trade this?
In the end we sort of got a capitulation bottom as volume did rise and spike to the highest level in over a year on that final down day before

The U.S. Stock Market Had One Hell of a Ride

February 8, 2019 Published by

If you haven’t been paying attention to the stock market the past two months you may need to do a double take.
The Big V
Just as the market broke key technical levels and broke down lower, putting us in “bear market territory” after falling 20% off the highs.
BOOM!
Just like that all is well in the world again as we have rallied nearly 15% to start the year.

How do you even trade this?
In the end we sort of got a capitulation bottom as volume did rise and spike to the highest level in over a year on that final down day before

February 2019
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