One of the main questions I am asked is – what market shall I trade?
My answer is – any one where there is a feeding frenzy.
At the moment this is the British pound, the grain and agriculture complex, gold, oil, and to specialise in one market intra-day I recommend the US bonds.
And most important of all is the timeframe. PLEASE do try and trade the longer timeframes, that’s where the money is.
So let’s have a look.
Hawkeye FX GBP
Here is the new colour coded Hawkeye Tomahawke chart of all the GBP crosses.
See the many opportunities to trade on big news with Brexit. But this can also be replicated with the Euro.
Soy Beans and Hogs
Examples of the grain and agriculture markets. As you can see these markets are in defined trends.
I love this market. Why? Because you get long, defined trend runs.
US Bonds Weekly Charts
Just look at the weekly uptrend since the beginning of 2016, making sure you only take long trades on the daily chart.
Now, if you go to your intra-day charts you know only to look at long trades where there is lower risk.
US Bonds Daily Charts
By reading the chart the Hawkeye way, using volume and price, you can clearly see a recent double top. Two yellow dots (indicated by the magenta arrows) at the last market high, then retracing to the Hawkeye stop at the green crosses (indicated by the cyan arrow).
You know you are in congestion and pull back in the weekly trend. So, only longs to be considered till the weekly changes to a down trend.
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.
[The magenta and cyan arrows are for illustration only and do not form part of the software]