first target hit. next one is at 27.385 points

still a great tool. us30

gbp/jpy is running. same goes for usd/jpy. eur is still stronger than gbp and usd, so eur/jpy will be my last favorite of the jpy-pairs.

Yes, GBP/jpy is a nice Short opportunity for this week

this is a nice example of a chart which forms something like a "mushroom" shape at the high.

no, imho. because you are fighting a big uptrend. eur is strong and aud is weak at the moment. we like to see these bearish engulfing patterns in a major downtrend at a swing high.

@darthepic this pinbar is quite small compared to the bars previous to the pb. it would be better if this bar would have a longer drop down. best to cross the Support line and therefore to take out stopps.

the close is lower than the open, so this is not a (bullish) pinbar. and you are fighting a big bearish trend on D1. j2mc

great stuff. i like it. trading made simple :-)

great Charts, great Setups. thanks for posting. usd/chf looks like moving to 0,75 chf.

very nice to see you back :-) i always love your posts :-)

this stock dropped from 28 usd to about 4 usd. a lot of sellers. note that we like to see buob at swing lows in uptrends. interesting chart, btw.

for sure. a true patriot... very sad!

dow is moving down, dax moving up... very strange moves...

divergence doesn't exist in a range market. could be a nice breakout though...

what a load of utter and upmost bullsh*t. i know mike since nearly 7 years and he got my biggest respect. i for myself will never forget what he has done for me and my family. he is always helpful and willing to answer the same questions again and ...

-the close of the bar is nearly in the middle of it. this means that buyers are stepping in. try to look for strong closes. where price closes in the lower 1/3 of the bar. -price never went under the low of the bar. therefor: no trade trigger. hope ...

take a look at german fdax ... this puppy just moved 250 points (about 2,5%) in only 4 minutes... crazy insane

now it is important to use proper money management, stop losses and a general smart investment process. do not predict market actions, let the market do and follow.

these moves are crazy. reminds me at 2008, lehman bros.