My strategy revolves around swing trades catching momentum. I use the 10 Moving Average (blue line) to mark:
Daily Cycle Low: DCL
Half Cycle High: HCH
Half Cycle Low: HCL
Daily Cycle High: DCH
When a weekly high/low occurs that’s called an Intermediate Cycle Low/High: ICL/ICH
@Trader__007 You’ve been posting alot about CAML but there has been limited share price appreciation, do you have any insight into why this is considering the price of Copper has risen so much?
#DXY Looks to have made an HCH on candle 29 on the daily and now will decline sharply into an HCL, this will give metals a boost up into their cycle highs
The weekly has made an HCH and now due to lack of time has quickly backtested, made an HCL and now backtested. We need a weekly close above the 10 MA to confirm and then this sets up a weekly cycle high above 120. First hurdle as I said is 96 need to get above that asap #silver
#Silver#XAGUSD on the daily has confirmed the DCL at around 64 and is now rising into an HCH. We need price to exceed the high of 96, if it fails we will label that as the HCH (candle 15) and a bearish cycle will start. Currently on candle 21 so still time.
This is what happens to #Oil when it’s been building pressure for so long. I gave the signal, charts show the route and the narrative comes later . Hope some of you caught this move.
#Brent#Oil big breakout of this wedge underway. DCL has been confirmed and weekly is breaking out, I’m long. Last hurdle to close over is 64.4 at end of this week.
@Borg74 This is what pure dedication to improving one’s trading approach results in. Well done mate I’ve followed your journey of iterating your approach and I’m glad all the work is paying off. Also with a little help from the commodities bull but we should all ride the trends 😉
#Brent#Oil big breakout of this wedge underway. DCL has been confirmed and weekly is breaking out, I’m long. Last hurdle to close over is 64.4 at end of this week.
#Silver#XAGUSD reclaimed the 10 MA on the daily and is now in a blow off top phase. Cycles go out the window in this kind of move but we will wait for a close below the 10 MA to confirm a DCH. 4h is in its timing band for a cycle high and may still push a bit higher.
Apologies I have been away from X. But back now and #Silver has been on a rip. It looks to have made a daily cycle high and will now decline into a DCL around candle 60 so 11 candles time. 4h has made an HCH now declining into HCL. Weekly may have made a WCH but time will tell.
#Brent#Oil big breakout of this wedge underway. DCL has been confirmed and weekly is breaking out, I’m long. Last hurdle to close over is 64.4 at end of this week.
Apologies I have been away from X. But back now and #Silver has been on a rip. It looks to have made a daily cycle high and will now decline into a DCL around candle 60 so 11 candles time. 4h has made an HCH now declining into HCL. Weekly may have made a WCH but time will tell.
@Borg74 Great minds think a like, me too it’s been a good run but the high/liquidity has been backtested and weekly cycle high now likely in so I expect a decent correction.
@Borg74 The East know western currency devaluation and debasement is only going to continue. Large inflation inbound to save western economies and inflate the country debt away.