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Category: Chart Analysis

Trade With Conviction

Ano Lobb - Question of Money (License CC 2.0)

Has The Market Correction Ended? Dow Jones Chart Analysis

The recent stock market correction was one of the biggest and fiercest corrections in the history of American capitalism (point-wise), with its selling climax last Monday. Yet the recovery rally seems equally strong. Tuesday’s and Wednesday’s price already negated half of the sharp decline. What’s next? Status Quo I don’t have a crystal ball and…
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Chart check ahead of FOMC

Yellen’s last FOMC Tonight at 8pm CET the Fed will publish their latest interest rate decision and FOMC statement. It’s going to be Janet Yellen’s last official act as head of the Federal Reserve before she is succeeded by President Trump’s pick as the next Fed chairman, Jerome Powell. Although some experts have voiced opinions…
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The “Technical Evidence” For A Bigger Correction

The number of markets that are currently trading at technical targets/resistance is staggering. Usually these targets act as resistance and suggest a bigger correction. I expect stocks to sell off and a little more volatility in the coming weeks. $Nikkei was one of the first markets to show a reaction after bumping up against resistance.…
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A $GDX Trade With Awesome RRR

RRR-wise, it can’t get much better than this $GDX trade! My estimate is an initial RRR of about 20:1!!! How are the odds that this plays out as planned? I don’t know, as I have never backtested wedge breaks. But it doesn’t really matter that much, be it 50% win ratio or 20% or even…
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EURUSD realtime trade

I have skimmed through a backtest of my strategy on EURUSD on the 3 minute chart. And ignoring spreads the results look similar to the very promising backtests off the 4H and daily charts. That’s my green light to trade this whenever opportunity presents itself. So here is my first entry, almost in realtime:

DAX finally completes ascending channel

The German DAX finally touched the upside of a long-term ascending and immediately gets rejected almost 150 points. Technically this provides an opportunity for a bigger correction, but with all this central bank support of the financial markets you never know. Anyway, I am still cheering for a correction, I have not managed to participate…
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