Members Education And Market Updates

DAX Trend Predictor Signals

DAX Trend Predictor Signals

Tech took a hit yesterday – big moves setting up

With Netflix taking a hit after earnings last night, we saw the Nasdaq drop hard. But we are already seeing cracks in the indices and with the Dax giving us 2 Trend Predictor short signals on the Weekly – it’s time to be cautious. There are big moves setting up, let’s take a look at the charts.

EURUSD Daily

The only way to trade this range bound market at the moment is to trade the intraday highs and low range. The Daily chart is sideways and has no direction. So we wait for the next Pro-Trading System signal for confirmation.

GBPUSD

Same as the EURUSD. Maybe time for a drop in Cable as the Dollar may strengthen if indices fall. We will wait for fresh signals.

NASDAQ Daily

After Netflix earnings drop the Nasdaq fell hard as most of the other FANGS fell with it. We have a 3 wave short signal on the Weekly so this could put this leading index under pressure.

DAX Weekly

We have a Trend Predictor short signal.

FTSE Daily

Starting to look weak, so waiting for a Pro-Trading System red short signal to confirm.

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Major Pressure for GBP

Major Pressure for GBP

GBP Coming Under Major Pressure

EURUSD has a new signal potential for our Wave 5 completion pattern, and Dow Jones is at a critical area for more downside.

EURUSD Daily

We had a weekly trend predictor down signal for this week and its paid off nicely. We have our red PTS short signal confirmed, so looking for Wave 5 completion using PTS targets.

GBPUSD

Similar to the EURUSD, we also had a Weekly trend predictor short in this market and we have seen lower prices this week. Intraday we are getting extended, so look for pullbacks to continue looking for shorts.

USDJPY Daily

We have seen an explosive move higher with the next target of 11307 close by. Getting very extended on intraday timeframes.

Dow Daily

The Dow is holding up with the Pro-Trading System next target 25063, which is an area of major resistance as well.

DAX Daily

We have a very flat Storyteller indicator signal. Get ready for some wild moves in this market.

Gold Daily

Continues to drop but we are sitting right at a support area.

Crude Oil Daily

We have been warning you about the 3 wave divergence on the Weekly chart. We saw a big drop in this market yesterday which could prove to be a deep correction.

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New Signal in GBPUSD – Bigs Moves Ahead

New Signal in GBPUSD – Bigs Moves Ahead

New Signals in GBPUSD. Big moves coming for GBP.

 As we do this update the Pro-Trading System is signalling new short signals in GBPUSD and EURUSD. A closed red candlestick will confirm the next wave down. With flat Storyteller indicator signals on several markets we could see swift moves with increased volatility coming soon.

EURUSD Daily

We had a weekly trend predictor down signal for this week and its paid off nicely with the 4 hour breaking trend lines. We are now getting a red PTS short signal but we need to wait for that to confirm later tonight.

GBPUSD

We also had a Weekly trend predictor short in this market and we have seen lower prices this week.

Dow Daily

The Dow is holding up with the Pro-Trading System next target 25063.

FTSE Daily

We have a very flat Storyteller indicator signal. Get ready for some wild moves in this market.

Gold Daily

Continues to drop but we are sitting right at a support area.

USDJPY Daily

We have seen an explove move higher with the next target of 11307 cose by.

Crude Oil Weekly

We have been warning you about the 3 wave divergence on the Weekly chart. We saw a big drop in this market yesterday which could prove to be a deep correction.

The above charts, images, copy, and video belong to Trading College. Photocopying and further distribution of this information are strictly prohibited. The information contained in the service is expressed in good faith. Trading College service is purely educational and is therefore not regulated by the Financial Conduct Authority.

Get ready for some Pound volatility

Get ready for some Pound volatility

GBP – Big moves coming

After an incredible Monday with all the news out regarding Brexit, we now have the Storyteller indicator in a low volatility mode. This means we are due a round of volatility at any moment.

 

EURUSD Daily

The Dollar has been strong today but the EURUSD still doesn’t have a new red PTS to confirm the short side trade. If we see one then wave 5 will be under way.

 

GBPUSD

We are holding a symmetrical triangle but it’s the Storyteller indicator that is mainly telling me the story. Get ready for a move.

DAX Daily

We would love to short this market but as we stand the US indices are helping the Dax higher. Once we see weakness in the US we will look for red PTS short signals.

Gold Daily

The bounce was short lived and now we see a new red PTS to short. Targets are lined up.

 

USDJPY Daily

PTS targets are lined up above the pirce. The double top is the only thing that can stop those being reached.

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Trades for next week

Trades for next week

Dax and the EURUSD Update

We got the signal to short the Dax at 12500 and we banked near on 100 points. We would like to see some red Pro-Trading System signals early next week if we are going to see more down side. The EURUSD met the 11742 target we were trading in the Live Trading Room.

EURUSD Daily

We adjusted our target to 11742 and that got hit today. It’s now time to bank those profits and go flat into the weekend.
GBPUSD

The PTS has moved into a white candlestick on the daily indicating no direction. It’s ok to trade the ranges in this market and not the momentum.

DAX Daily

We got a nice trade off on the Dax yesterday and banked 100 points. The resistance at the big round number of 12500 was the perfect short zone.

Gold 240 Min

While I was on IG TV yesterday I spoke about the bounce in Gold and how far this market could go higher. This morning it’s struggling to get anything going. We need to see the low Pro-OBS reading hold and then for price to push higher. Update – Gold is still holding the lows but very slow. Even with the Dollar weakening we are not seeing buyers pushing gold higher yet.

USDJPY Daily

Cannot get anything going in this market. There is no volume and we could be vulnerable to a down side correction. We wait patiently.

Oil Daily
We have had a lovely move higher in Oil but maybe we have gone up too quickly. The Weekly storyteller is now showing a 3 wave short divergence. The daily Storyteller is overbought.
The above charts, images, copy, and video belong to Trading College. Photocopying and further distribution of this information are strictly prohibited. The information contained in the service is expressed in good faith. Trading College service is purely educational and is therefore not regulated by the Financial Conduct Authority.