Point and Figure Charts Update as at November 17 (updated) - forex trade alert season 15

Point and Figure Charts Update as at November 17 (updated) ~ forex trade alert season 15

Point and Figure Charts can give us some idea as to where the markets are headed. This method of charting has been used for many years and has been proven to have excellent results over the longer term.

I find it handy to have a look at various P&F charts from time to time to keep me current as to where the directions of currencies may be headed.

Most of the time on the P&F charts from Stockcharts.com is a target number where the price is expected to travel.

Here are some charts from some of the major currencies as at today.

Here is an excellent video primer on Point and Figure Charting

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Stock Scan Results by the Rambunctious Pig As At 7 15 pm EST November 22 (updated) - free forex trading signal alerts

Stock Scan Results by the Rambunctious Pig As At 7 15 pm EST November 22 (updated) ~ free forex trading signal alerts

The contents of this post may temper your trading strategy for the next couple days. I have created an index of 992 stocks that trade between $10 and $25 at the close Friday so that I can measure certain aspects of that index and also to compare individual instruments against it as well.

The first scan that I can describe was to measure the momentum of the index and also the momentum of the 992 instruments as decreasing or increasing as of Friday close.


First, here is the chart of the index that I created.

The lower chart shows the homemade momentum indicator and, as you can see, the momentum is almost neutral for the group.

Next I did a scan to determine how many are decreasing and how many are increasing in momentum.

• Decreasing in momentum are 508 instruments
• Increasing in momentum are  484 instruments

The count is just about even and not really anything to base any decisions on based on Fridays data.

Here is another look at the same chart with a Slow Stochastic.

As you can see, the Slow Stochastic is approaching the overbought area which may indicate a move is coming.

Certainly we can not use this chart as any measure except perhaps to consider when making the trading plan for the next week.

I wanted to share that research today and as time passes I will be improving the scans on that group of stocks and sharing those with you.

I wish you the best with your trading strategy for the coming week.

Good Trading..!

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My Gold Trading Strategy as at November 17 (updated) - forex trade alerts season 13

My Gold Trading Strategy as at November 17 (updated) ~ forex trade alerts season 13

Today was a quiet one for the Gold trading strategy. As you will see on this 60 minute chart, Gold was lingering around the daily pivot for the duration.

Because there was little activity and little in the way of news, most traders have avoided Gold for today.

That gives us a chance to think about the longer term for Gold. Below is a Point and Figure chart and the long term price objective, as you will see is $1,050.00 indicating that a further easing of the price may be in order.

This next chart is Monthly and on it you can see three arrows pointing to long candle wicks and they are all at around the current price of $1,186, indicating that this price is one where we can expect an area of congestion.

A couple articles studying the current position of Gold at this time.



Gold Lending Rate Most Negative Since 2001 on Longer Refining - Businessweek

Mon, 17 Nov 2014 17:04:45 GMT
There are other signs of rising consumer demand for gold. The U.S. Mint sold 46,000 ounces of American Eagle gold coins this month, compared with Octobers total of 67,500 ounce ...

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Top Five Reasons to Invest in Gold and Silver - KIRO Seattle

 Mon, 17 Nov 2014 21:35:46 GMT
Gold Eagle sales were also high, with a total of 121,500 sold in October, compared to last years October sales of only 89,000. Strong demand usually drives higher prices. 3. Investors and hedg ...

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GLD Came At Start Of Gold Bull Run; Demand For Gold ETFs Topped Expectations - Forbes

Mon, 17 Nov 2014 15:25:01 GMT
Even after heavy liquidations during the past two years as the price of gold fell, SPDR Gold Shares (GLD) holds more metal than most of the worlds central banks ...

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GLD: ETF Outflow Alert - Nasdaq

Mon, 17 Nov 2014 17:22:40 GMT
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the SPDR Gold Shares (Symbol: GLD) where we have detected an approximate $449.4 million dollar ...

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Good Trading.!

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My Gold Trading Strategy as November 23 (updated) - best forex trading alerts

My Gold Trading Strategy as November 23 (updated) ~ best forex trading alerts

The new week is about to test our trading strategies. Governments will be making their moves, traders will be in and out of the market and who knows what is coming for Gold.

There are a lot of opinions, Gold is going to $5,000 and Gold is dropping to $800, I will post some opinions further down in this post.

First I will post a couple charts, Ichimoku Kinko Hiyo charts, reason being is, they have something to tell us about support and resistance.

Here is the daily chart of XAUUSD

It is easy to see that the is going to be resistance at the Ichimoku Cloud. It appears that the Cloud becomes narrower as days pass, maybe resistance to a price rise will lessen.

The weekly chart is next.

Once again we see the Ichimoku Cloud creating resistance although the Cloud is much thinner than on the daily chart.


Finally, the Monthly chart.

It took a couple months for price to break down through the Cloud and then finally support was broken. The November bar has a long wick, showing that the bulls are making progress....


As mentioned earlier in the post, I found some recent articles and opinions about Gold as follows:



Russias Central Bank Buying Gold Isnt Quite What You Think It Is - Forbes

Sat, 22 Nov 2014 11:42:03 GMT
The Russian central bank has been buying more gold this year. This could be taken as some form of support for the price of gold, could be taken as simply the bank deciding that t ...

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Swiss Central Bank Chief Warns on Impact of Gold Vote - Wall Street Journal
Sun, 23 Nov 2014 13:31:49 GMT

ZURICH—The head of the Swiss National Bank reiterated concerns that a popular vote on requiring the central bank to keep a fifth of its assets in gold would hi ...

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Gold No Longer Slumbers - Barrons
 Sat, 22 Nov 2014 03:15:13 GMT

But after pummeling gold steadily lower from its peak around $1,900 an ounce in September 2011, he is showing signs that he could be done dumping on the metal, which hit a low of $1,131.85 an ounce this month. Gold-mini ...

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Many are seeing the moves by China as bullish for the price of Gold.

Chinese rate cut pushes gold, silver to highs - Resource Investor
Sun, 23 Nov 2014 11:44:43 GMT

The rate reduction was the first since July 2012 as the Asian nation heads toward its slowest full-year expansion in almost a quarter century. Russia added to gold reserve ...

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This infographic is really well done!

InfoGraphic on the Swiss Gold Referendum to take place on November 30th - CoinWeek

Sun, 23 Nov 2014 14:37:40 GMT

On November 30, Swiss nationals head to the polls on three separate issues: abolishing a flat tax on resident, non-working foreigners, an immigration cap, and a proposal o ...

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Gold / Silver / Copper futures - weekly outlook: November 24 - 28 - Investing.com
Sun, 23 Nov 2014 13:38:11 GMT

Despite Fridays upbeat performance, gold prices are likely to remain vulnerable in the near-term amid indications a strengthening U.S. economic recovery will force the Fed ...


Read more ...


Good Trading in the week ahead...!










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Ichimoku Trading Strategy Chart of the Day November 17 (updated) - forex income engine trade alert software free download

Ichimoku Trading Strategy Chart of the Day November 17 (updated) ~ forex income engine trade alert software free download

AUDNZD: After a pair of Dojis there is a Tenkan cross and price is dropping, a clear signal for a short entry.

There had been significant support holding price up for many days and the Ichimoku Cloud could not be breached with many attempts. At last price was able to break through the cloud and there should be a good move resulting.

Ischimoku Kinko Hiyo is an excellent trend trading strategy used by many banks and institutional traders.
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Forex Scan Results by the Rambunctious Pig As At 5 15 pm EST November 20 (updated) - forex trading alert robot

Forex Scan Results by the Rambunctious Pig As At 5 15 pm EST November 20 (updated) ~ forex trading alert robot

I have revised the scans and included more scans, especially momentum which is at the bottom of the list.

You may find these to be helpful for your trading strategy.

I caution you that your data may be different from mine and these are done as at about 4:30 EST.


Bullish Macd Crossovers

EURAUD

EURCAD

Bearish Macd Crossovers

AUDCAD

AUDCHF

AUDDKK

CADCHF

NR4 Narrow Range

AUDJPY

Bullish 5 - 10 Macrossover

EURAUD

Bearish 5 – 10 Macrossover

AUDCAD

AUDDKK

Bullish Golden Cross

Bearish Death Cross

60 Day High

CADJPY

EURJPY

GBPJPY

NZDJPY

SGDJPY

USDJPY

60 Day Low

New Weekly High 5 DAYS

CADJPY

CHFJPY

EURAUD

EURCAD

EURJPY

EURNOK

EURNZD

EURSGD

GBPAUD

GBPJPY

GBPSGD

SGDJPY

USDHKD

USDJPY

USDNOK

USDSGD

New Weekly Low 5 DAYS

AUDCAD

AUDCHF

AUDDKK

AUDGBP

AUDNOK

AUDSGD

AUDUSD

CADCHF

EURCHF

NZDCAD

NZDCHF

NZDUSD

New Yearly High 200 DAYS

CADJPY

EURJPY

GBPJPY

NZDJPY

SGDJPY

USDJPY

New Yearly Low 200 DAYS

EURCHF

Increasing Momentum

AUDCAD

AUDGBP

AUDNZD

AUDSGD

AUDUSD

CHFJPY

EURAUD

EURCAD

EURCHF

EURDKK

EURGBP

EURJPY

EURNZD

EURSGD

EURUSD

GBPSGD

GBPUSD

NZDCAD

NZDUSD

USDHKD

XAGUSD

XAUUSD

Decreasing Momentum

AUDCHF

AUDDKK

AUDJPY

AUDNOK

CADCHF

CADJPY

EURNOK

GBPAUD

GBPCAD

GBPCHF

GBPJPY

GBPNOK

GBPNZD

GBPSEK

NZDCHF

NZDJPY

SGDJPY

USDCAD

USDCHF

USDDKK

USDJPY

USDNOK

USDSGD

Dragonfly Doji

Today Close is Lower than the Open

AUDCAD

AUDNOK

AUDNZD

AUDSGD

CHFJPY

EURAUD

EURCAD

EURGBP

EURNOK

EURNZD

EURSGD

EURUSD

GBPAUD

GBPCAD

GBPNOK

GBPSGD

USDCAD

USDNOK

USDSGD

Today Close is Higher than the Open

AUDCHF

AUDDKK

AUDGBP

AUDJOPY

AUDUSD

CADCHF

CADJPY

EURCHF

UURJPY

GBPCHF

GBPJPY

GBPSEK

GBPUSD

NZDCAD

NZDCHF

NZDJPY

NZDUSD

SGDJPY

USDCHF

USDDKK

USDHKD

USDJPY

USDSEK

XAUUSD

XAGUSD

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Magic Bands Scalp Trading Strategy As As November 21 (updated) - alerts for forex trading

Magic Bands Scalp Trading Strategy As As November 21 (updated) ~ alerts for forex trading

There was good volatility in the Forex markets today and some excellent opportunities using this simple strategy.

Lets review a couple charts.

First is AUDUSD, you can see a nice move up and then a gradual move down, two simple entries for profit.

Next is EURGBP. There was a nice bearish entry and then another on a retrace. It is important to  be sure that there is a slope on the 15 Bollinger Band and preferably on both sets of Bollinger Bands. This will keep you out of the chop.

GBPUSD. There were a couple bear entries, the second one being after a retrace. Once those two were finished, the next couple  of the potential entries were suspect based on the slope of the BB lines.

I have several more charts below, that you can observe..... note that the best entries have a good slope on the Bollinger Bands.

USDCHF Once the long move finishes the Bollinger Bands flatten out.. close the trade and look for another trade, avoid consolidations and ranging markets with this system. There are many opportunities daily with this system on different currency pairs

On the AUDCHF, once the price retraces to the 50 Bollinger Bands, it is time to get out of this pair and look for another pair to trade. There is no value to trading in the choppy market, it usually ends up in a loss.

CADCHF  Once the long entry retraces.... get out of this pair and look for another entry on another pair...  Stay away from the consolidation periods!

As mentioned, most important is the slope of the Bollinger Bands. There are enough entries available on different pairs that we can pick and choose and be selective as to the entries we take.

In order to be able monitor several pairs for trade opportunity I have a moving average crossover alert set for the 15 crossing the 50, That allows me to be aware of what is happening on different currency pairs as the day passes.

Again, a stop loss is important in this type of trading, I use a trailing stop as well.

Next week we will probably see more volatility in the markets and many resultant opportunities for this simple trading strategy.

Good Trading..!!

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Stock Scan Results by the Rambunctious Pig As At 8 15 am EST November 25 (updated) - forex trading alerts free

Stock Scan Results by the Rambunctious Pig As At 8 15 am EST November 25 (updated) ~ forex trading alerts free

Todays Stock scans are more or less a comparison between the NYSE and the Nasdaq exchanges, they seem to move in harmony. I have done several comparisons as you will see below.


These results are for November 24 close.

I was surprised to see the similarity in the results.

Later I will add 56 Forex pairs to the mix as well as  a couple more stock scans.


Good Trading..!
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My Gold Trading Strategy as at November 21 (updated) - forex trade alerts nairaland

My Gold Trading Strategy as at November 21 (updated) ~ forex trade alerts nairaland

Will the Butterfly make your trading strategy bullish?

This is a weekly chart and it seems that the butterfly pattern is having an effect as the price of Gold has been rising for three weeks.

Lets see what happened this week with the weekly pivot.

Right from the start of the week there was a bullish sentiment and the resistance was tested early before Gold dropped to bounce off the weekly pivot. Friday the resistance was tested again and ultimately the close was less than the resistance.

Now we can have a look at the Ichimoku chart and we can see that the price will meet the resistance of the Ichimoku Cloud with a further gain of ten dollars. You can see that recently price has approached the Cloud twice and been refused both times. Definitely there will be resistance to an upward move for a while, at least according to the Ichimoku Cloud.

Next we can have a look at the Point & Figure chart for Gold.

I have marked the resistance at $1,220.00 and you will notice that the bearish target is still set at $1,050.00. 

Next week will bring more excitement as Gold looks again for direction, hopefully our trading strategy will be profitable.

Good Trading...!

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My Gold Trading Strategy As At November 16 (updated) - forex trader advice

My Gold Trading Strategy As At November 16 (updated) ~ forex trader advice

Gold has had an interesting week, a couple days of consolidation and then a sharp move to the upside where it was stopped by pivot resistance

On this first  chart is the Center of Gravity indicator and also the Semaphore indicator. You will see that the Semaphore Indicator is not yet indicating that the bottom has been reached. Instead it is showing that a further decline may occur. While these indicators are not always reliable, it is interesting that they are showing that the upward move has hit an area of resistance and may fall back

The second chart shows the weekly pivot, although price tried to crass the pivot each day, it was not until Friday that it finally marched past the weekly pivot.

This is a weekly chart and shows a Fibonacci Pattern that indicates an end to the down trend. These indicators can reprint and also are not reliable in all cases. However, the indicator is suggesting a trend change.

This next chart is a 4 hour chart showing the weekly pivot and a support level below and a resistance level above. For several days price was straddling the pivot and then Friday price dropped to the first support and bounced up through the pivot to the first resistance area where it was stopped.. I see a wick at the top of the last candle which may indicate a coming weakness when the markets re open.

This last chart shows daily bars and the Ichimoku Cloud, you will notice that the cloud id quite thick indicating that any move north is going to meet with considerable resistance.

Here are some discussions regarding the Gold market. From these it is hard to get an idea as to which way prices may move in future.

Russia, because of economic conditions and sanctions is being forced to buy production from its gold mines and you will see in the article following that there are two sides to the story

Putin Is Hoarding Gold To Prepare For Economic War - Business Insider
Sat, 15 Nov 2014 16:58:26 GMT
Russias central bank added to its reserves of bullion in the third quarter, according to the latest report from the World Gold Council. Russia has taken advantage of l ...
Read more ...



Iran has gold deposits and undoubtedly wants to increase its holding of gold bullion based on the apparent approaching economic crisis.

Iran launches Middle Easts biggest gold plant, plans to double production - RT
Sat, 15 Nov 2014 18:08:15 GMT
Iran has opened a new gold processing plant, reportedly the biggest in the Middle East, hoping to double its production of precious metals. Using a unique technology, Teh ...
Read more ...


These next articles give a varied opinion as to what may be happening, one says there is an up move coming and the other says there is a huge supply. It is impossible to forecast the movement of Gold, many pundits have tried and made mistakes, we will have to see what the collective market place shows us as days pass


PRECIOUS-Gold soars on short-covering, new fund buying - Reuters
Fri, 14 Nov 2014 21:58:22 GMT
Resource InvestorPRECIOUS-Gold soars on short-covering, new fund buyingReutersNEW YORK/LONDON, Nov 14 (Reuters) - Gold surged 2.5 percent on Friday to just shy of $1,200 an ounce as short-covering, fund buying and a sudden weakening of the dollar off ...
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Gold Prices to Drop on Dollar Strength and Likely Lower Asian Demand - International Business Times UK
Sat, 15 Nov 2014 10:27:17 GMT
UKGold Prices to Drop on Dollar Strength and Likely Lower Asian DemandInternational Business Times UKGold prices are set to drop next week with the yellow metal expected to continue battling a stronger US dollar, buoyed b ...

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Have a great week ahead.!!
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Magic Bands Scalp Trading Strategy as at November 17 (updated) - forex trade alert service

Magic Bands Scalp Trading Strategy as at November 17 (updated) ~ forex trade alert service

With some volatility in the currency markets today there were many opportunities for profits on the 5 minute charts using the Magic Bands Scalp Strategy.

I have prepared a brief video showing potential trades that occurred today.

Magic Bands is a simple trend following strategy using Bollinger Bands and a Bollinger Bands Stops indicator.

The Magic Bands Scalp Strategy is excellent for Forex trading due to the trends in Forex currency pairs.









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My Gold Trading Strategy as at November 19 (updated) - tom trader forex trade alert reviews

My Gold Trading Strategy as at November 19 (updated) ~ tom trader forex trade alert reviews

The Gold Trading Strategy has to be Long, at least at this time.

The price is moving higher rapidly.

I have attached two Ichimoku charts, a 5 minute chart and a 15 minute chart.

First the 5 minute chart:

You will see that price has jumped up through the cloud and is moving higher.

Next, have a look at the 15 minute chart.

You will see that price is approaching resistance at the cloud and the question will be whether or not the upward move is strong enough to push through the cloud. Only time will tell

Of course, on the higher time frames is a lot more resistance, We will know as the hours pass as to what will happen.

The Ichimoku Cloud is sometimes very powerful support or resistance, it is handy to have a look at it before making any moves to get an idea as to what may befall any move in the price.

While the Ichimoku chart may not be favored by many traders, it is certainly a significant part of my trading strategy at this time.

Good Trading..!
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ETF Chart of the Day November 25 (updated) - cts forex algorithmic trading solutions

ETF Chart of the Day November 25 (updated) ~ cts forex algorithmic trading solutions

This ETF, Direxion Daily Healthcare Bull 3X ETF is showing considerable strength of late and probably deserves a close look.

Some information from the management of the fund, Direxion Investments:

Fund Symbol	CURE
Daily Target	300%
Intra-day Indicative Value	CURE.IV
Bloomberg Index Symbol	IXV
CUSIP	25459Y876
ISIN	US25459Y8764
Gross Expense Ratio	1.21%
Net Expense Ratio	0.95%*
Inception Date	Jun 15, 2011

Overview

The Daily Healthcare Bull 3x Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the S&P Health Care Select Sector Index. There is no guarantee the fund will meet its stated investment objective.
This leveraged ETF seeks a return that is 300% the return of its benchmark index for a single day. The fund should not be expected to provide three times the return of the benchmark’s cumulative return for periods greater than a day.

Performance
NAVs and market price information as of November 24, 2014

Monthly Quarterly

All data as of 10/31/2014
Ticker	Fund Name		1 Mo %	3 Mo %	YTD %	1 YR %	3 YR %	5 YR %	10 YR %	Since Inception	Inception Date	Expense Ratio* (Gross/Net %)
CURE	Daily Healthcare Bull 3x Shares	NAV	14.81	32.62	71.99	100.25	96.12			71.22	6/15/2011	1.21 / 0.95*
		Market Close	14.92	32.69	71.80	99.16	94.06			71.21

From WallStreet Scope Nov 7

Direxion Daily Healthcare Bull 3X ETF (CURE) of the Financial sector (Exchange Traded Fund) lost -2.75%, a change from open of -3.5700% ($-3.23 per share) at the close of the normal trading day Friday with a volume of 95712 shares.  Direxion Daily Healthcare Bull 3X ETF (CURE) ended the day at $117.43 with a market cap of ,  insider ownership of , volume of  095,712 and a weekly performance of 2.84%. Direxion Daily Healthcare Bull 3X ETF (CURE)’S monthly performance stands at 13.27% and Direxion Daily Healthcare Bull 3X ETF (CURE) is considered a stock to watch for the upcoming trading day.

Here is a chart made after the close on Tuesday Nov 25, you can see that this stock has had a long advance and is still very strong.

In fact, the Relative Strength Factor for this ETF is 99.6

I want to draw your attention to the Point and Figure chart for this instrument, you will see a Bullish Price Objective of $215.00

This ETF is certainly deserving of a place in your watchlist and may well become a part of your trading strategy.


Good Trading..!

Some additional information on the Relative Strength Factor




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Magic Bands Scalp Trading Strategy as at November 16 (updated) - forex income engine trade alert software

Magic Bands Scalp Trading Strategy as at November 16 (updated) ~ forex income engine trade alert software

To demonstrate the Magic Bands Scalp Trading Strategy I have a few pics of Forex charts taken a few bars after the open and  you will be able to see how several pairs opened.

There were several opportunities for entries with this system as you will easily see as you look at the video.











Some information on the Magic Bands Trading  System on this post

Good Trading!
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USDCAD Trading Strategy as at November 17 (updated) - forex trade alert season 14

USDCAD Trading Strategy as at November 17 (updated) ~ forex trade alert season 14

Any USDCAD Trading Strategy will have to be tempered with the view that this pair is going lower in, at least, the short term.


There have been some fluctuations in price in this pair as the two economies are facing different hurdles.

I have a chart here showing some divergence that probably indicates that the Canadian dollar will be settling lower in days to come.

I have another chart, a Point and Figure chart of the Canadian Dollar which shows a target of .86, also indicating a further drop.

In fundamental news affecting the Canadian Dollar:

• International Securities Transactions lower than expected.
• Oil Prices softening
• Gold prices easing back into a consolidation

On Friday will be released the Canadian Consumer Price Index(CPI) which may influence the Canadian Dollar in a positive way.

My expectation is that the US Dollar will resume its rise against the Canadian Dollar in the short term.











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Magic Bands Scalp Trading Strategy as at November 23 (updated) - forex trading signal alerts

Magic Bands Scalp Trading Strategy as at November 23 (updated) ~ forex trading signal alerts

The Magic Bands Scalp trading strategy will do well again this week for trend traders who are patient enough to find a trending market.

The tip off to a trade entry for this system is the crossing of the 15 BB and the 50 BB.

Probably a trader will want to have several charts open so as to be able to be in the market as different  currency pairs are trending at different times throughout the trading day

I have three charts below from Friday past.

Entries are best in the Magic Bands scalp system when there is a slope to the trend lines, the Bollinger Bands.

Personally I do my best to avoid the choppy periods with no slope to the lines..... I have had terrible experiences trading in chop. lol

Good Trading..!

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