Traders, Followers of mine: A must read!
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https://www.tradingview.com/x/dH5ZIFhg/
Good morning / Good afternoon / Good evening,
As followers of mine, you expect a certain level of quality in my guidance, accountability if you will.
What I am about to tell you is pretty much hidden from the Retail-trading community. They don't want you in on their secret. Whereas, I feel an obligation to tell you.
I have good reason to believe that the American dollar is about to break out in a very big way.
There have been as many as 4 or 5 instances of it occurring since the start of 2023.
Probably my biggest secret weapon in trading is the Stochastics on the Weekly time-frame. But all timeframes work. A bigger breakout or breakdown will occur on the Big-timeframes.
Stochastics tells me things about Supply / Demand and the Overbought / Oversold Currency's, Stocks, Metals. It does not matter.
I thought it was incumbent and prudent of me to tell you how I work all this out, or you might think I am a bit 'touched in the head'.
Take a look at the following Weekly chart.
If I see the USDX make a sustained push through 101.85 I will be cancelling all of my gold and silver holdings. But that is just me.
* This is not financial advice. There is a certain calm before the storm in instances like this. Just be aware if you are not already.
Good morning / Good afternoon / Good evening,
As followers of mine, you expect a certain level of quality in my guidance, accountability if you will.
What I am about to tell you is pretty much hidden from the Retail-trading community. They don't want you in on their secret. Whereas, I feel an obligation to tell you.
I have good reason to believe that the American dollar is about to break out in a very big way.
There have been as many as 4 or 5 instances of it occurring since the start of 2023.
Probably my biggest secret weapon in trading is the Stochastics on the Weekly time-frame. But all timeframes work. A bigger breakout or breakdown will occur on the Big-timeframes.
Stochastics tells me things about Supply / Demand and the Overbought / Oversold Currency's, Stocks, Metals. It does not matter.
I thought it was incumbent and prudent of me to tell you how I work all this out, or you might think I am a bit 'touched in the head'.
Take a look at the following Weekly chart.
If I see the USDX make a sustained push through 101.85 I will be cancelling all of my gold and silver holdings. But that is just me.
* This is not financial advice. There is a certain calm before the storm in instances like this. Just be aware if you are not already.
Anmerkung
So, the US dollar has been oversold for many weeks now. When something like a stock, currency whatever, becomes Oversold well of course the price has greatly reduced. That's how it get oversold right? Its price gets lower and lower, weaker and weaker with less buyers and it eventually enters an oversold condition.
But over time, buying momentum returns and draws it out of its oversold state. That is where the US dollar is right now.
Anmerkung
Gold will survive that is for sure. It may even find some legs eventually on the back of a dollar rally & possible breakout. Anmerkung
Vix index is on the moveTrade ist aktiv
Bring your stop loss to break even or book profits on the way....partial.. I have.. you can always sell back into at considerable risk
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