Strategy Update

  To help readers keep track of my posts, the table below shows how things stand at present Once a potential set up is negated or a current strategy has been completed this is noted in the table and then not shown again in future summary tables Cheers Ric

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US Bond Chart tells an interesting story

If the inverse head and shoulders in the US 10 year bond index meets its targets we will see yields increase to around 3.1-3.4%. At the risk of confusing traders I’ve shown a yield chart here rather than a price chart. US bonds are normally quoted in price but yield can be easier to think about when […]

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AUD:CAD – Daily. Head & Shoulders Update

I posted details of the potential Head and Shoulders top in this chart on 25 November. Price closed below the neck line on Friday triggering an entry. Some profit targets and an initial stop level are noted on the chart below for readers who are interested in a head and shoulders strategy. The first target is based on the […]

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Gold – Daily. Possible Head & Shoulder

If the gold market continues to decline from here it could make a head and shoulders top formation. To complete a head and shoulders price would need to break below the neck line shown on the chart below If we get a set up, I’ll post a strategy If you’d like email notification of any […]

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Onesteel (OST-ASX) – Daily. W reversal set up

Yesterday’s low in this stock looks like a retest of the previous low The market has now rallied away from that level and formed the classic W or double bottom type shape as shown on the chart below The Bollinger bands are indicating that this W is being accompanied by weakening downwards momentum. This is because […]

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Harvey Norman (HVN AU) looking for potential bullish Gartley reversal

My earlier post today was about Australian retailer David Jones and continuing along those lines I have another retailer to consider – this time Harvey Norman. The formation here is one that we talk about quite regularly which is the Gartley cluster. The key things that you are looking for here is the 3 wave […]

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David Jones (DJS AU) looking to potential bullish ‘W’ reversal

We have been lucky enough to have a lot of chart setups to keep us amused over the last few weeks but Ric and I are always working to bring you more – I for one am working on some new candlestick setups for you to think about in the next few weeks. In this […]

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Nikkei 225 – Daily

I posted details of a potential Gartley sell set up on the Nikkei on 19 November and again yesterday This was triggered into yesterday and I’ve put stop levels and profit targets on the chart below. These levels use the same strategy outlined in previous Gartley set up posts. If you’d like more details see my […]

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EURCAD – Daily. Strategy Update

I posted details of a Gartley sell set up in this currency pair on 19 October. Under this strategy you would have sold at around 1.4190 on 26 October and would still be short After yesterday’s candle there is now an opportunity to move the stop down to 1.3908. I have outlined the logic for this […]

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AUD:CAD – Daily. Bearish Reversal Set Up

This chart has made a head and shoulders formation Reversal traders would sell on a confirmed break below the neck line The higher time frame weekly stochastic oscillator is now trending down from the overbought zone confirming prospects for a short position. I have also noted a W formation Bollinger Band set up on this chart. Under […]

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