Members Education And Market Updates
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
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.
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.
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.
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
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.
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.
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 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
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.
We have seen an explove move higher with the next target of 11307 cose by.
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
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
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.
PTS targets are lined up above the pirce. The double top is the only thing that can stop those being reached.
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.
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
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.
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.
Cannot get anything going in this market. There is no volume and we could be vulnerable to a down side correction. We wait patiently.
