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By Guest Contributor, Michele Hurlbut

Stuck at Square One?

It is time to open the Hawkeye website and learn about what I’ve gotten myself into. I am excited about the possibilities, and a little nervous about the feeling I have of being “back at Square One.” Have you ever felt that way? Maybe a little frustration about it?

But then I ask myself, “am I really back at square one?”… I am not!

There is so much I know now that I didn’t know when I first started out. I know about support and resistance, what they look like on a chart and possible reasons they form. About trends and how to identify them. And, I know about price action. All these things I did not know when I was at ‘Square One’.

How much do you know now that you did not know when you first started? Or maybe you are at Square One and now you are looking forward to knowing these things soon.

Ah, the relief I feel as I realize I am not at square one. I let it sink fully in. This is only a single step on my trading journey forward. I can’t wait!

First Steps

So I dive in and watch the most recent Members Monthly Webinar (watch the webinar herethis monthly training is normally available to Hawkeye Members only). It is on the Hawkeye 3-Step Entry Method. Randy explained clearly how to use the Hawkeye Heatmap for the current time frame and then Hawkeye Roadkill for the next two time frames higher. He answered tons of questions and by the time I was finished watching the video I felt I had a basic knowledge of what to do.

Learning From Wins…and Losses

With this new knowledge, I set my charts up like he suggested using the time frames I am familiar with. I added the indicators and did some basic backtesting to become familiar with the patterns he showed us to look for. After that, I spent the next two weeks watching the live markets and taking (in Sim) the set ups I thought fit the pattern. There were some good choices and some not so good choices but they were all learning choices. It has been shown that we learn more from our losers than our winners when we study them and don’t just brush them aside.

The Pay Off

And it is paying off. Today I took this trade:

3 Step Entry Method Example Trade

Great trading everyone and speak with you again soon.

 


 

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

Overwhelm

Overwhelmed

By Guest Contributor, Michele Hurlbut

Hi All, it’s Michele again.

Overwhelmed

This week’s Journal Entry is titled “Overwhelm” and you will see why I chose this title as you read on. My new Hawkeye Workspace is fully loaded with all the bells and whistles. While it looks impressive and colorful, it is also daunting at the same time. After watching it for two weeks, I must admit, I am feeling Overwhelmed. There are so many charts and so many indicators on a chart, and I don’t know what they all do. And I am not used to that much information yet.

Because I don’t yet know what all these new tools do, I am trying to make sense out of what amounts to a “foreign language” without ever having gone through the lessons to learn how to speak it. Wow, that was an interesting analogy.

I Didn’t Know Where to Start

Before I sat down to write this journal entry, all I felt was the feeling I call ‘Overwhelm.’ I didn’t know where to start because I felt like there was so much going on and so much to do. My brain just spins it over and over until I’ve made a mountain out of a molehill. I’m sure you know the feeling . . . Then, as I was writing and looking for a way to describe my thinking, “foreign language” popped into my head.

Once I saw it on paper, I realized how much pressure I was putting on myself to learn this “foreign language” overnight. Why would I expect myself to learn something this different, overnight? Crazy, right?

My Trade Plan

Now that I understand the source of the feeling (and boy does journaling help in that endeavor), I can formulate a plan. My plan has the following steps:

1. Take clean charts of my favorite time internals.
2. As I go through the training videos, add the indicator I have just learned to my chart and study how it moves with my current knowledge of price action, and support and resistance.
3. In this way, I will grow into the Hawkeye Trading Software just like I would learn a new language or hobby.

Remember, “Rome was not built in a day”!

Closing Thoughts

So by taking these steps, I now feel confident that my plan is achievable. As a result, my feeling of overwhelm has left and a feeling of calm, clear action has taken its place. I hope this helps you also.

Great trading everyone and speak with you again soon.

 


 

Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

Coaching Traders with Adult ADD/ADHD

By Kenneth Reid, Ph.D

Sometimes as traders, we all periodically come up against seemingly insurmountable obstacles… such as when our trusty method suddenly stops working and we are forced to switch horses in midstream.

Yikes!

I specialize in coaching traders with Adult ADHD (perhaps 50% of the trader population) who are always changing horses. The typical trader does not spend enough time with a method to learn it inside out.

Symptoms of Adult ADD include not just a revolving door relationship with indicators and methods, but also overtrading, over-confidence, over-reliance on one’s ability to improvise, and a shoot-first-ask-questions-later attitude that makes reading directions a last resort.

I’ve been there; I live there. (When I buy a new appliance the first thing I do is put the directions away in a drawer.)  We like to figure things out for ourselves.

Curiously, the market can induce an ADD-like state in rational individuals who don’t have the disorder. That might have happened to you on your first trading day with Hawkeye.

Trading is like marriage; it looks easy from the outside, but after 5 or 6 years with one system, it doesn’t look the same. Although we are now “experienced,” it’s remarkably easy to regress to a very primitive gut-level approach to problem solving that can destroy an account in a week or two.

Why is that?

Trading is a performance sport. Top athletes are creatures of habit because in the heat of the moment, good habits produce the best results. When we introduce novelty, it degrades our good habits and we have to rebuild them with deliberate practice. So, the best place to practice is by using a SIM account.

I noticed in the previous blog articles that Michele wisely began her Hawkeye Journey in SIM. SIM is very useful if you trade it the same as you would a live account because that takes discipline. It also helps develop and fine-tune your strategy.

I suggest using SIM whenever something new comes into the picture: a new indicator, a new method, a new market, a new platform, a new brokerage. Stay in SIM until you have rebuilt your set of habits. Once you demonstrate you can consistently trade with profits in a SIM account, then you can begin the real work of trading profitably in a live account.

Thanks for your posts, Michele. I’m sure they will encourage and inspire many.


Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

So, I Thought I Could. . .

By Guest Contributor, Michele Hurlbut

Hi everyone, it’s Michele again.  So, I thought I could just open my charts and start trading my new software without spending time going through all that training. You know, I thought I could save some time and make money too, right? Well, things don’t always work out the way you plan, so here is my first journal entry:

On Friday afternoon, I downloaded my Hawkeye Professional Package and then closed my charts and computer with the intention of getting back to it later that day.  Also, I planned to start setting things up and reviewing the website over the weekend.  Guess what? Yep, surprise, that didn’t happen.

And here it is Monday, and I haven’t reviewed the software material.  I think to myself, “I’ve been trading for a while, and I’m familiar with many indicators, how hard can it be?” So, I thought I could do this.

So I open my charts and my new software, and start trading.  (I bet you’re laughing to yourself right now thinking ‘I’ve been there’ and ‘oh, is she going to be in trouble…’)  Fast forward a few hours and I am soooo glad I was in Sim mode today!!  Yep, total disaster (note: please don’t try anything new with live money!)  I did have a couple moments of ‘true brilliance’ I tell myself as it goes to my target. But reality is that most of the day was utter chaos and “willy-nilly” entries.

Why?  Because my Ego got in the way; I can read a chart! I can read price action! Why do I need to look at videos and learn the way this software is supposed to work? (She writes “tongue in cheek”).

Ok, let’s go back to my first article to you. Do you remember the reason I bought the Hawkeye system? Because the volatility of the market had increased to a point where my current system Reward:Risk ratio did not work.  So then why do I think I can 1) use my current trading style on different colored charts and expect a better outcome (the definition of insanity 😉); and 2) totally throw money away by purchasing a system that I am not taking full advantage of?

Now that I write this on paper, it seems so silly to let my Ego get in the way of my success.  The Ego is a wily creature that creeps up on you when you least expect.  It takes control and then we/I usually end up in negative P&L territory.

A strong person will recognize when Ego has taken over (it may be in hindsight, but it is recognized all the same). Once recognized, they turn the situation around to where their rational self is back in control.  Now they can drive their own “destiny bus” down the Highway.

So, I thought I could jump right into trading without taking the time to learn the new system, and I was so wrong. Now I am off to watch my lesson videos. I can’t wait to see the wonders there! Have a great week everyone!


Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

The Journey Begins . . .

Arrow

By Guest Contributor, Michele Hurlbut

Hi, my name is Michele and I am a futures Intra-day trader.

I have traded futures since 2012 using support/resistance as my primary system. Using volume bars or volatility indicators were not in my plan. My success rate has been pretty good, but in the last year, the market has changed and my system was not working so great. Market volatility had increased to a point where my R:R (Reward:Risk) ratio was not working. I waited for a long time to see if the market would ‘calm down’ and go back to ‘normal’. However, it’s been too long and it looks like the market has found a ‘new normal’. If you are a seasoned trader, you might be familiar with the market gyrations. I have traded in this long-term Bull market only. As a result, I am not familiar with this new market condition. I was at my wits end and did not know where to turn.

Randy and I first met a few years ago when he was searching for a support/resistance tool to add to his Hawkeye Toolbox. I remembered that Randy used volume and trend together with support/resistance. So I reached out to him two months ago, just to see what he thought of this market.

I have been using the Hawkeye Volume Module for the past 2 months and have found it very enlightening. During this time, Randy was graciously posting some of his charts and entries. Consequently, things started to click more, so I decided to get the whole Hawkeye Professional Package and dive in. I liked the way it was giving entries (my current method did nothing of the sort). These entries were in areas that my current method gave hints at the possibility of an entry IF I understood what the candlesticks were saying. The market has been beating me up for the past year and I am now a little gun shy about my ability to see an entry, let alone take it. I have learned that the mental side of trading can make or break you, and my mental side is a little broken right now.

Being a new user to the Hawkeye system, Randy and I thought it would be great to share my Hawkeye trading journey with you. I expect you will find that you are not alone in your many hours in front of your computer watching charts and studying bars. Hopefully, my journey will encourage you to keep going even when the going gets tough. Trading is an amazing ride and I want you to all join me in it.


Join Randy in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

A Hawkeye Volume Setup for +90pips on the EURAUD

Australian flag

There is no better tool to trade with than Hawkeye Volume!

Why?

I’m glad you asked. . .

Volume is a leading indicator, signaling the intentions of price ahead of time. You have heard it said that “Volume is the fuel that drives the market”. And traders all over the world gain the edge they are looking for when Hawkeye Volume is coupled with triple timeframes.

Hawkeye Volume and Price

Hawkeye makes volume price analysis simple. The Volume indicator shows whether buying or selling is dominating the market using simple color codes:  Red shows professional selling, Green shows professional buying, and White shows no demand. In other words, it doesn’t just tell you the volume, as with other trading software, but it actually tells you whether the volume is professional BUYING or professional SELLING.

Below is a nice example of a 15 minute EURAUD setup:

Hawkeye Volume leads to +90 pip EURAUD Setup

Notice how just before the big price move down, that Volume signaled the intent of price way before the trend began, shown by the oval and Red price bar extension. The red bar also has a Hawkeye Pivot (yellow dot). Therefore, we expect price to reverse 3-5 price bars after a Pivot. With opposing volume however, it is a compelling signal of market reversal. On top of that, we also see a Price Action Failure, shown by the aqua box on a triple top. Here, volume and price are working together to signal the intent of price to make a substantial move down.

The results were quite rewarding, as this example shows. Using the Hawkeye ATR Levels tool, a 8:1 Reward:Risk value was achieved, yielding a potential +90 pip trade. Note that the entry was a standard Hawkeye setup, following our 3-Step Entry/Exit Method. Our training courses teach this Method. These types of setups occur every day, and Hawkeye Volume is the best at showing you this action.

The Hawkeye Perspective

Don’t sit by and let trades like this pass you up. . .  As a core component of all our unique indicators, Hawkeye Volume leads the way to a trading plan that can generate consistent profits daily.


Join me in the next free LIVE Hawkeye Demonstration Room held every Wednesday at 9.30am EST US. You will learn more about volume and volume price analysis and see more examples and live trade setups. It is open to all.

Click this link for more information or to join us in class.

Learn to trade the Hawkeye way.

Randy Lindsey
Hawkeye Traders, LLC

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!

Forecast for the GBP/JPY

gbp/jpy daily chart
GBP/JPY – Daily Chart

With the US markets closed today for the annual Thanksgiving holiday, focus in the currency markets has centered around the Japanese Yen once again, as money flows continue to move into other currencies ahead of the Japanese elections in December. Both the USD/JPY and several of the cross currency pairs have seen sharp moves higher, with the GBP/JPY one of these, and climbing on the daily chart once again today, following yesterday’s wide spread up bar, which added further impetus to the move.

Following the breakout above the 130.00 price level, the bullish trend is now firmly established, with both the daily and three day trends firmly established. The Hawkeye Heatmap has also returned to bullish, following a period of transition, and with sustained and rising buying volumes on the daily chart, supported by buyers on the three day chart, the outlook for the GBP/JPY remains very positive. Finally of course, Hawkeye has delivered a conservative entry signal this week giving a solid entry for longer term trend traders in this currency pair.

Oil continues to trade in congestion

oil futures chart
January WTI Oil Futures – Daily Chart

January oil futures closed marginally higher yesterday, closing the oil trading session at $87.38 per barrel, having touched an intraday high of $87.89 per barrel, before ending the oil trading session just 10 cents per barrel higher. The current lack of direction for crude oil has been a feature of many markets over the last few weeks, as commodities in general trade in a consolidation phase as we move towards the year end, with the price congestion for oil clearly defined by the pivots above and below this current range.

To the upside, we have two isolated pivot highs, just below the $90 per barrel level, and below, two isolated pivot lows in the $85 per barrel price area, which define the limits of the current congestion phase. The most recent of these was on Tuesday, which is pushing the market lower as a result.

The Hawkeye widebar of early November was never validated, suggesting a lack of downside momentum, with the market pulling back to trade within the spread of the bar and failing to continue the bearish trend, with the daily trend now in transition to white. The three day trend however remains firmly bearish, with no transition as yet, and supported by heavy selling volumes in this time frame.

On the daily chart buyers have returned, but counterbalanced by yesterday’s rising selling volume in a narrow spread day. The Hawkeye Heatmap is in transition from bearish to bullish, but has yet to complete the full cycle, and the key now for the oil market, is whether we see a break above or below the current congestion. For a move higher, the $90 per barrel level is now key, and if this holds then we can expect to see a retest of the deep price congestion in the $92 per barrel area and beyond. A break below the $85 region, could see the market sell of sharply again, and test the $78 per barrel level in due course. As always, Hawkeye will reveal the future direction of the market, using volume as the only leading indicator.

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.