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- cat replied Feb 9, 2021
Three years ago I called the big BTC crash on this thread. Now I'm not calling another one, just drawing attention to this whopping diversion pattern on the Daily chart. Not a great time to buy me thinks!
- cat replied Feb 9, 2021
Looks like a Tesla pump and dump if you ask me. Massive diversion on the Daily. Now, watch it come down!
- cat replied Feb 3, 2021
I posted this diversion pattern for cable on January 14th, warning of a potential drop. Today's daily chart has the setup looking likely that the fall may be imminent. The price really needs to hit around 1.36 first, when we may get a short-lived ...
- cat replied Jan 26, 2021
The other most useful quote in trading apart from the Jesse Livermore quote above, by the late great Mark Douglas. You can be the greatest technical analyst in the world, you can make 1000s of percent gains on a demo account, but if you are racked ...
- cat replied Jan 25, 2021
Quick return to this old thread of mine. Not sure if I ever posted this, but for aspiring traders, I consider this one of the most important pieces of advice ever given. Jesse Livermore was one of the greatest traders who ever lived ( read ' ...
- cat replied Jan 25, 2021
Here's AU. Difficult one, because it has already found a big resistance area. Will it breakthrough to challenge 0.8 - 0.82, or will it break down and fall back? either are likely. If it pushes higher, watch 0.78 as I have resistance there. I do ...
- cat replied Jan 22, 2021
Here's my stab at Gold for 2021. Big diversion pattern on the bi-monthly which I cannot ignore, and my moving averages suggest that we have seen the high, at least for the next year or so. Could be wrong of course. Not quite sure when exactly, as ...
- cat replied Jan 21, 2021
Let's look at E/U first. This is obviously a long term projection for 2021. There is a strong diversion pattern at the moment on the 2 day chart which may mean E/U will fall a bit in the shorter term, so through Jan/Feb. I'll post a chart shot of ...
- cat replied Jan 19, 2021
So, more than a year on, how did my 2020 forecasts posted on the first page of this thread for the dollar index; GBP/USD; EU; and USD/JPY pan out? At the end of 2019, No one saw the virus hitting the markets the way it did, so that explains the big ...
- cat replied Jan 14, 2021
Just to add to my last post identifying the 2-day diversion pattern on cable, and for those who overlook diversion in their analysis, here's a monthly chart showing the diversion on the Dow Jones Industrial Average, which I trade, at the end of ...
- cat replied Jan 14, 2021
I pay great attention to diversion patterns, on any time frame, as they are often the first indication of a potential change of direction or correction. The 2 day is showing this one clearly. It hasn't got anywhere near completing yet, but worth ...
- cat replied Jan 14, 2021
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- cat replied Jan 14, 2021
Dangerous looking double top for bulls on this H4 chart. Downside arrow potential scenario.
- cat replied Jan 7, 2021
The above diversion did the job, sending the price down 175 pips so far. The 61.8% fib level has been a key support level during the past 24 hours ( yellow marker ) so we'll see if it will come into play again today. If it cracks, then the 76.4% ( ...
- cat replied Jan 7, 2021
Dow pushing up to 200 now, with today's R1 pivot at 224. I'm watching this developing diversion pattern closely on the 30m tf.
- cat replied Dec 24, 2020
Amusing reading some of the comments to the relative lack of reaction to the trade deal announcement earlier today here on ff, people wondering why cable was not flying. There was always going to be a deal, the banks knew it and institutional ...
- cat replied Nov 24, 2020
Looks like the Dow is about to test a triple top. New highs and beyond, or are we about to see a classic triple top reversal?
- cat replied Nov 17, 2020
90m Dow chart here showing yesterday's double top. Should hit pivot S2 today just above the 100sma though it may well be bought up a bit at the NY open, though downward momentum looking very strong atm.
- cat replied Nov 16, 2020
Lovely double top on Dow this morning, so we'll see if it holds. Death Throe candle shown here on this H6 chart. So far, 345 pips down off the doubler top.
- cat replied Nov 11, 2020
Following up on yesterday's post above, attached is the Dow hourly chart for today. As you can see, the price is falling in the early New York session ( yes, I know it's a bank holiday in the US today ). The fibs you see marked are the all-important ...