You Must Learn This Entry Technique

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You Must Learn This Entry Technique

I always preach that you are trading risk rather than a market and the example below highlights just that.

EURUSD Chart Setup

Look at the slowest time frame (bottom left). The Heat Map on the bottom stayed red, both bright and dark, throughout the whole day, indicating the bias was to the downside.

The other two time frames, especially the faster (on the right hand side), gave buy signals. But they were not elected as the slow time frame indicated too much risk.

Hawkeye Perspective

Using triple time frame entries filters the potentially negative trades and ALWAYS  keeps you the right side of the market. 

We demonstrate this and many other methods in our live demonstration room held every Wednesday, and this is open to everyone. Click this link for more information or to join us in class.

Good Fortune,

Nigel Hawkes
Hawkeye Traders

[The red arrows are for illustration only and do not form part of the software]

Who Would Have Thought It?

The Crude market is showing weakness in all time frames. If you were using Hawkeye, your positions would be extremely profitable. So let’s go and do our volume analysis using our Hawkeye tools.

Crude Monthly Chart

Crude Monthly Chart
As you can see, price was rejected by the Hawkeye Zones, and where I have placed the magenta arrow shows Hawkeye Volume indicating selling for the last two months. Great signs of crude oil weakness are evident.

Crude Weekly Chart

Crude Weekly Chart
The magenta arrow shows selling last week. The trend is down, and the bottom of the Zone at 38.50 is the next area of resistance. Again, great signs of crude oil weakness.

Crude Daily Chart

Crude Daily Chart
The story unfolds. For the last seven days sell/no-demand Volume has been dominant, and where the magenta arrow is you can see the red Trend dot has broken out of congestion to the downside.

Hawkeye Perspective

All time frames are short. The weekly bottom of Zone at 38.50 must hold or the market will be in serious danger of free fall. These are all great signs of crude oil weakness.

We demonstrate this and many other methods in our live demonstration room held every Wednesday, and this is open to everyone. Click this link for more information or to join us in class.

Good Fortune,

Nigel Hawkes
Hawkeye Traders

[The magenta arrows are for illustration only and do not form part of the software]

Get Ready for a Potentially Great Trade

Are you ready for a potentially great trade? The dollar index is breaking out of an 8-month trading range. This is happening on some of the strongest economic numbers since 2009. The Fed was requiring stronger economic data – and that arrived on Friday.

The sentiment is that there will be a rate raise at the next Fed meeting. If this is the case the dollar rally is just starting and Hawkeye will show the way.

Dollar Index Monthly Chart

Dollar Monthly Chart
We are now approaching the high that was established 8 months ago and a Hawkeye Zone at 104.13, but we require more volume to provide the market energy to breach this overhead resistance.

Dollar Index Weekly Chart

Dollar Weekly Chart
Price is now in a Hawkeye Zone, with the top side being 101.45. However, attendant volume is not rising, which it needs to do to be able to break out to the upside.

Dollar Index Daily Chart

Dollar Daily Chart
Now this really tells us the story: Good increasing daily volume on a Hawkeye Wide Bar on Friday. As a result, price should retrace back into the Wide Bar in the early part of the week.  Then, look for volume to push price up to the Hawkeye Zones area

Hawkeye Perspective

A potentially great trade is in the making. If 101.45 is breached we should be on our way to a substantial Dollar rally, and a potentially great trade. Overhead resistance has to be taken out, so no maverick trades please. But have this on the radar as a potentially extremely profitable trade is being set up.

And remember, if the dollar goes up look to a short bond trade… yet another potentially great trade.

We demonstrate this and many other methods in our live demonstration room held every Wednesday, and this is open to everyone. Click this link for more information or to join us in class.

Good Fortune,

Nigel Hawkes
Hawkeye Traders

[The magenta arrows are for illustration only and do not form part of the software]

Which Market Shall I Trade?

I often get asked which is the best market to trade; my reply is Bonds. They are world’s largest market by volume of trades (contracts), and have extended trends. As always, look for the longer time frames and here Hawkeye’s Gearbox does the trick.

Bonds – Yellow Time Frame

Bonds Hawkeye GearBox Yellow Timeframe

Here, on the left of the chart, you can see the Hawkeye Gearbox producing the correct tick speed to set your charts to every day, and below is the Gearchanger showing you during the day which speed to trade i.e. yellow = the yellow tick speed etc.

Now look at the chart, you can clearly see where the magenta arrows are indicating where to go short with a full Hawkeye setup.

Bonds – Red Time Frame

Bonds Hakweye GearBox Red Timeframe
The magenta arrows show Hawkeye entries. There is a minus trade (indicated by the cyan arrow), but students of 6 ways a market moves would probably exit when the price entered the congestion zone (indicated by the red circle)

Hawkeye Perspective
Bonds give extended trends. And Hawkeye, using the yellow and red tick speed, gives many swing trade positions

We demonstrate this and many other methods in our live demonstration room held every Wednesday, and this is open to everyone. Click this link for more information or to join us in class.

Good Fortune,

Nigel Hawkes
Hawkeye Traders

[The cyan and magenta arrows are for illustration only and do not form part of the software]

Is this the start of US Dollar strength?

The euro had a break down on Thursday and Friday. Why? Well, Europe is a mess – with the huge number of immigrants from the Middle East, the European Central Bank hinting at more QE, and exceptionally high unemployment.

Technically? Well, let’s look at the charts, starting with the EURUSD monthly.

EURUSD Monthly

Since July 2014, there has been selling volume (indicated by the lower magenta arrow) as price exited the Hawkeye Zones (the upper magenta arrow), red selling volume continued and Hawkeye Trend went to bearish.

EURUSD Weekly Chart

In the weekly chart we can see that since early August the euro has been in congestion (indicated by the cyan arrow), price went to the Hawkeye stops (indicated by the magenta arrow) – which, as I have pointed out many times, is an area of resistance.

On Friday Hawkeye showed selling volume, and is now indicating a further bias to the downside.

EURUSD Daily Chart
The daily chart shows us how price has tested the Hawkeye Zones and been rejected (indicated by the upper magenta arrows), volume has been short all week (indicated by the lower magenta arrow), and the Wide Bar (indicated by the yellow arrow) has been taken out with a lower close on Friday.

Hawkeye Perspective
Weakness across all time frames. Look for support at the Zone areas shown on all time frames, but a test of the monthly Hawkeye Zone area is on the cards.

We demonstrate this and many other methods in our live demonstration room held every Wednesday, and this is open to everyone. Click this link for more information or to join us in class.

Good Fortune,

Nigel Hawkes
Hawkeye Traders
Understanding Price and Volume: Now that’s trading!

[The cyan and magenta arrows are for illustration only and do not form part of the software]

Hawkeye Tips for Consistent Trading Success.

Digital-vs.-Analog-free-license-CC0
Below are some “tried and true” Tips we use for consistent trading success.

  1. Clear your head before you start trading . Keep yourself well hydrated with clean fresh water. If you are really having a bad day, don’t trade.
  2. Take a step away until you are able to come back with a clear mind.
  3. Take a moment and think about your trades before you execute. You will need lot of patience to wait for the right setups. A good trade is worth waiting for.
  4. Focus on the quality of trades, not quantity of trades. Trade less, but win more!
  5. Use a trade journal. It serves as a tool to reveal past mistakes and enables you to identify weaknesses or strengths in your day-to-day trading. Without an accurate trade journal, common mistakes are often repeated.
  6. Develop a trading plan that works with your trading style and stick to it. Understand it is YOU making the mistakes not the market and not your indicators! Practice and strive for FLAWLESS EXECUTION.
  7. Trust your setups. Don’t abandon the weeks and months of work invested in building your trading plan. If you start doubting your signals or trades, go back to a simulated account until you build the confidence you need to trade your plan successfully. Once you begin to “cherry pick” your trades, you are done for.
  8. Develop multiple trading strategies for varying market conditions. For example, have a strategy for trading trending markets, and have a different strategy for choppy market conditions.
  9. Be flexible and practice trading multiple markets. This will broaden your trading skills and present you with more trading opportunities.
  10. Read the news of the day before you start trading, and know when major news events are being announced so you are not caught in a trade during an announcement.
  11. Practice sound money management principles. Begin small and don’t increase your lot size until you have earned the right to do so. You earn the right to increase your lot size by showing consistent trading profits.
  12. Never add to a losing position (unless that is part of your strategy).
  13. Pactice your trading plan in a simulated account until you are consistently successful for a minimum of 3 weeks. Adjust it as necessary until you prove that you can show weekly profits for 3 straight weeks minimum.
  14. Remember that trading is your business profession. Give yourself time to learn the skills needed to get the job done.
  15. Find a good trading “buddy” to help you focus on success, and help keep you accountable to following your trading plan.

We demonstrate this and many other methods in our live demonstration room held every Wednesday, and this is open to everyone. Click this link for more information or to join us in class.

Good Trading,

Randy Lindsey
Hawkeye Traders
Understanding Price and Volume: Now that’s trading!

Apple stock fails to rise following victory over Samsung

Apple on the daily chart
Apple ($APPL) – daily chart using Hawkeye

Apple’s recent patent victory over Samsung appears to have little impact on its share price, which hit a high of $680 on Monday before ending the week lower at $665.24.

This temporary pullback was signaled on the daily chart with two Hawkeye isolated pivot highs, the first on Monday and the second on Wednesday with the share price moving lower as a result. Despite this, however, the overall picture for Apple remains bullish with the chart displaying a bright green Heatmap and a green Trend on the daily and three day chart.

However, it is important to note that over the last two weeks we have seen volume on the daily chart declining and, in addition, this has also appeared as no demand volume, i.e. white, perhaps giving us an early warning signal of a potential reversal for the stock. Indeed on Friday, on the daily chart, we also saw selling volume appearing for the first time since early August adding further weight to this view. This pullback may be only temporary in the longer term bullish trend, but once again Hawkeye is giving an early warning signal of a possible reversal for the stock in due course.

If you would like to see Hawkeye in action, simply click the link below to join one of our Free Live Training Rooms where we trade using the full suite of tools and indicators across all the markets.