Sinex

Sinex Updated 

USDJPY updated ideas. Right now we do not know what will happen. I suspect that it will fall but we can't be sure.

Sinex

USDCAD is now on a sell signal by hitting resistance and selling off. Sell USDCAD with similar stops to mine.

Sinex Updated 

USDJPY looks to sell off strongly leading to new recent lower lows. The idea is to wait for a red confirmation candle and sell that with a stop of about 20-25 pips and risk size of 1% max loss.

Sinex Updated 

An idea to buy AUD would be to buy support. But we must be patient and let AUD prove itself that it has bottomed. If it turns back down without crossing resistance (HIGH) then this idea is void. Stops 20 pips below buy should suffice.

Sinex Updated 

This might be the move I had been anticipating. This would be great if it played out this way. For now this is still only a premise and we need to see a strong sell off here to take it to new recent lows. A new low would support this hypothesis. The pennant idea I had about the USDJPY did not play out which is a good thing because the majority of the times a...

Sinex Updated 

Possible pennant pattern at play for the USDJPY. Pennants tend to mostly resolve in the direction of the larger trend as we saw in gold a few months back. So the likelihood that this breaks down is not high and not as I was expecting. Hopefully this does resolve to the downside as I would love to see some bullish recovery rallies in all risk assets. Though...

Sinex

NZDUSD hidden negative divergence suggests that the NZD will move down further and this is not the bottom. Bulls are thinking 'great, double bottom" but this suggests there the NZD remains weak and the selloff should likely continue. We need a conter trend candle (a red candle)to confirm the entry point. Stops: 20 pips or so stop. We are aiming for a lower low...

Sinex

The markets remain very weak. There is no reason to buy. There is reason to sell even though the indexes have mostly moved sideways. Here is the idea right now. Sell with a decent stop near the recent 1hr candles' high.

Sinex

If you thought the trading was terrible wait till you see this chart. God damn, everything has to either a. not trade at all or b. monitored every 3 seconds. The 4hr divergences trumps the 1hr. And weekly the daily etc. Sorry about this whipsaw but it's the nature of the beast.

Sinex Updated 

As it states in the title, hidden negative divergence for the Nas100.

Sinex

This divergence suggests a bullish continuation. Can we get a follow through and move back in to a bullish market once again? We can't say at the moment. Once day at a time, until we get further evidence for now we trade what we see and follow the evidence we do have. We simply add this to the evidence. The rest of the evidence is in my previous posts,

Sinex Updated 

USDJPY Looking good to enter into another position. We are looking for a pullback and then a higher lower high and there we will place our sell orders. Notice my hypothesis was not too far off the money. Not bad! Patience is key. The idea going forward is this might turn into a weekly hold trade and with any luck we will get that.

Sinex

Nasdaq showing positive weekly divergence suggesting that the Nasdaq will likely change trends from down to up or sideways at the least. This fits well with my other SPX hypothesis that there is an Elliott corrective pattern that shows some promise of being finished. Add to this the USDJPY weekly negative divergence and strong sell off, this paints a good...

Sinex

So if you missed the first entry which is too risky and I understand why you probably shouldn't and that is fine. Do not chase it down but wait for it and a small ABC (abc if you are an Elliott gal. Wait for this move in green which should look like an abc and place a sell order in the red circle area. Of course this is only a hypothesis so we can't be certain...

Sinex

Possibly new low in play for the NZDUSD. This can be seen in other pairs against the USD as well.

Sinex Updated 

Powerful negative divergence on the weekly time frame ( a very reliable time frame in terms of divergences) suggest that the USDJPY will likely change its multi-week trend and likely turn down or move sideways. There is other confluence that would support this hypothesis, and a caveat here, though I am not an 'Elliottician' ( Elliott wavers) I use the patterns...

Sinex

On the 1hr we find good ole negative divergence. Not yet for the markets. New low? Cant say. This is not a buy here.

Sinex Updated 

I seldom use Elliott wave simply because of the extreme bias it has. I know that the Elliott wavers will say that there is safe measures in place to correct your hypothesis, but why correct it, just simply use divergences or some other method of analysis where you remove as much bias as you can? Anyways I do sometimes use it from a long term and hopefully...