I'll be scouring the charts for "actionable masterpieces". These will be signficant chart patterns or set-ups that I feel are not only tradeable, but also have a high probability of making big profits with little risk. Whenever I spot an "actionable masterpiece", I will post an annotated chart (my chart art) along with an explanation. My goal is to help you learn how to spot these low ocurring but highly profitable "actionable masterpieces" yourself.
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | 30 | 31 |
It looks we missed the boat on this trade. Price never retraced back up to 122.50 and has now plummeted below 121.00 in these early Asian hours. I'm canceling my open order....… More…
This pair seems to have hit some resistance close 121.90 and I sense possible weakness. What supports my prediction (guess) is the appearance of regular bearish divergence. Price has made a higher high, while the oscillator has made a lower high. … More…
While I got stopped out today for breakeven after the dollar gained because US new home sales growth rate in April reached the highest in 14 years, today's candle shows that bulls are still too scared to commit. I'm going to short this bad boy again. … More…
Both trades went in our direction today so I'm adjusting stops. … More…
The pair is trading near the 8200 handle, a nice psychological support level. On the daily chart, there's hidden bullish divergence where price has made a lower or flat low, while the oscillator has made a lower low. It's ugly but I call it as I see it. … More…
This pair is trading right at its 200 SMA which many traders look at as a major support/resistance area. I also see a tweezer top and yesterday's candle ain't lookin' too bullish. Is this a short-term top?… More…
Ugh! This pair pushed through resistance at 120.50 which sucks! This upmove was most likely due to some nice US economic data that came out today. I STILL believe this pair is headed down. I don't expect any follow-through from this technical break. I think this pair is still stuck in a range and it's merely trading at its upper end.… More…
Resistance at 120.50 has been holding up really well. There's bearish divergence present which tells me bulls are possibly tiring here. There's been a nice lil uptrend but now I see this pair falling but not without a possible quick upward spike first. … More…
This pair has been trading in a descending channel and is hovering near channel resistance. There's also resistance from its pink 50 EMA and Stochastic is "turning over".… More…
Two out of four trades ain't bad - especially since it includes one bonehead trade. … More…
The dollar rallied across the board after a bunch of strong US economic data was released this morning. All eyes are now focused on the NFP report tomorrow. This pair is still dropping during the Asian session which suggest that traders believe the NFP might not suck as bad as forecasted. … More…
Is this the bottom? This pair seems to have bottomed out 1.1050 forming a tweezer bottom. There's also bullish divergence present where price has been forming lower lows while the oscillator's lows are rising. … More…
Reserve Bank of Australia Governor Glenn Stevens left the interest rate unchanged at 6.25 percent for a fifth straight meeting. The RBA doesn't issue a statement when it leaves interest rates unchanged but will issue a new forecast in its quarterly statement on monetary policy on May 4.… More…
This pair seems to have hit some resistance close 121.90 and I sense possible weakness. What supports my prediction (guess) is the appearance of regular bearish divergence. Price has made a higher high, while the oscillator has made a lower high. … More…
While I got stopped out today for breakeven after the dollar gained because US new home sales growth rate in April reached the highest in 14 years, today's candle shows that bulls are still too scared to commit. I'm going to short this bad boy again. … More…
Both trades went in our direction today so I'm adjusting stops. … More…
The pair is trading near the 8200 handle, a nice psychological support level. On the daily chart, there's hidden bullish divergence where price has made a lower or flat low, while the oscillator has made a lower low. It's ugly but I call it as I see it. … More…
This pair is trading right at its 200 SMA which many traders look at as a major support/resistance area. I also see a tweezer top and yesterday's candle ain't lookin' too bullish. Is this a short-term top?… More…
Ugh! This pair pushed through resistance at 120.50 which sucks! This upmove was most likely due to some nice US economic data that came out today. I STILL believe this pair is headed down. I don't expect any follow-through from this technical break. I think this pair is still stuck in a range and it's merely trading at its upper end.… More…
Resistance at 120.50 has been holding up really well. There's bearish divergence present which tells me bulls are possibly tiring here. There's been a nice lil uptrend but now I see this pair falling but not without a possible quick upward spike first. … More…
This pair has been trading in a descending channel and is hovering near channel resistance. There's also resistance from its pink 50 EMA and Stochastic is "turning over".… More…
Two out of four trades ain't bad - especially since it includes one bonehead trade. … More…
The dollar rallied across the board after a bunch of strong US economic data was released this morning. All eyes are now focused on the NFP report tomorrow. This pair is still dropping during the Asian session which suggest that traders believe the NFP might not suck as bad as forecasted. … More…
Is this the bottom? This pair seems to have bottomed out 1.1050 forming a tweezer bottom. There's also bullish divergence present where price has been forming lower lows while the oscillator's lows are rising. … More…
Reserve Bank of Australia Governor Glenn Stevens left the interest rate unchanged at 6.25 percent for a fifth straight meeting. The RBA doesn't issue a statement when it leaves interest rates unchanged but will issue a new forecast in its quarterly statement on monetary policy on May 4.… More…
