How to predict markets, Catch the moves at value

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bong Alvarez Hi Dennis, I observed that USDJPY is just range trading in the weekly PP and Monthly PP. Just below the Monthly PP. Any insights about market sentiment? Institutions trying to get more positions before the FED meeting? But I am also seeing a potential H&S in the daily chart.
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Dennis Sherman Basically its prudent to be bullish on usd since September 2016. There before it was bearish until rejection at 100 2016 September. Any move down on USD is an opportunity to buy lower. Dollar is still under valued at these current levels and it median should be 115. for a test to 118. What we have witnessed last 4 months is unexpected bad news always at the point of dollar strength so we are basically been stuck in 111 80 to 114 for months. Gold broke below its important support 12 60 today this opens up potential probes further below next week. I have a feeling we will get bad NFP results tom and this move up is pricing toms expected move down. But any move down on UJ will be short lived as we are a bull market

 

1. so a low means a buying opportunity -hence nfp

Controversial no doubt

Glide slope monday open

BULLS OR BEARS?

Totally Awesome we have been buying near every dip since September 2016. Last one looses ...more to go yet 2018 approaches

We were the first to spot the Bull Market when the world was short and will be the first to spot the next bear market..........................We took 100 on the chop and the trolls faded away we went to 118 price flipped we hit the switches again at 108 and now we back in a contracting range 114 70 112 80.

And we nailed nfp from above post and that to. and lets not forget Gold landing gear full on as predicted probes down south. Pivot points basically is a road map as disussed at the beginning of this thread but boy they take years to master but its worth it.

King of Yen
Fed Assets Drop To Lowest Level In Over Three Years At QE Unwind for real

In my funde laymen’s terms means! Means that the Economy is making significant progress and the Fed can reduce its stimulus in the economy without creating stagflation. Which in effect a raise in interest rates is on the agenda. Hence The Economy is coming of breast feeding and standing on its own feet for the first time since 2008. A complement to the aforementioned is the The Tax plan/Bill ! (Is total Genius) in respect to repatriation funds and when funds are converted to assets they become growth for the US Economy. There not kicking the can down the road there dealing with it hence optimism Business Confidence. US Growth is outstanding however the debt ceiling remains a thorn in everyone's side. Unwinding reduces the debt providing less stimulus does not damage the economy. And that is the million-dollar question. CPI is the main gauge to measure if we are overheating and thus far its stable.

My Trade Rules Should make sense to those that have a understanding of what I do and which is what many professional traders I know do to.

But these are my Rules: They may help some of you to build yours

Trade Rules
1 Gap and fade the move be patient
2 Don’t add to a loss
3 get out for a small loss or a great hedge! so you can look for a new Trade which will give a great win
4 Respect the monthly trend, look to trade in the bias of the position Traders who influence the market and with that in mind enter at areas of confluence
5 Don’t under estimate a $1win. It’s a + on top of you next win or loss and even $1 compounds wealth
6 To have sentiment you have to know fundamental’s! don’t underestimate technicals.
7 Theres nothing new in trading so don’t try to re invent the wheel what works now worked a 100 years ago
8 If you cant just buy in a rally for no reason other then it being a rally then you will never make money,
9 If the market is moving up then you really should be scaling of your positions and scaling there replacements back when the market is moving down.
10 Don’t let a great win turn to your next loss

Why do you keep posting a day chart?

i guess he's looking for a friend

The "day chart" shows how price moved between and across the NFP and FOMC highs and lows. Traders can use these numbers for entries and target exits. The charts can give newer traders confidence.

111 or 113?

youll never make much money in trading. Eventually will try harder and fail. Sorry.

UJ is expected to spend this trading day bouncing around its monthly PP. Building Permits this afternoon may add liquidity back in to the dollar market. Below 112 80 UJ remains bearish.
The US retail sales expended more than anticipated in November, amid the brisk start of holiday season, suggesting that sustained economic strength could set the stage for further Fed's rate hikes in 2018 which is priced in and is at expectations.