Volume is King When Trading Gold.

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the Hawkeye algorithms day in and day out to gain a powerful edge

Volume is King When Trading Gold.

Some weeks ago, Hawkeye alerted you to the fact that although all the pundits were talking gold up, the Hawkeye Volume algorithm was showing weakness. Let’s look at the charts.

Weekly Gold Chart
Weekly Gold ($GC) trend.

Chart 1 Weekly Gold

Hawkeye has been short since last November at $1,684 (see red arrow above).

Daily Gold ($GC) chart showing possible entries using Hawkeye.
Daily Gold ($GC) chart showing possible entries using Hawkeye.

Chart 2 Daily Gold

The three red arrows show where you could have entered fabulous trades using the Hawkeye Roadkill indicator. With gold in a strong downtrend, the Hawkeye Roadkill identified three possible entries on April 13, May 17 and June 18 that would’ve generated substantial profits!

The Hawkeye Perspective

The market is in a major downtrend. The next major resistance price level is $1,020. Expect to see a major price move to the downside on high volume followed by a narrow bar with light volume.

Remember: markets don’t continue down on light volume so we must wait to see the above profile then expect an explosive up move form this heavily oversold position.


Hawkeye Education

Trading any market without education on the six ways the market moves is like walking into a casino with a stack of dollars – you’re relying on luck rather than a methodology.

Learn the “Six Ways a Market Moves,” the key to being a great trader, at the next Special 2 1/2-day Hawkeye Seminar in Santa Ana, CA on September 21-23, 2013.

Click here to express your interest in the seminar.

There’s money in trading soybean futures.

Just as you can extract oil from soybeans, you can extract money from the market trading soybean futures.

Soybean futures have had a large price move to the upside over the past two weeks. The price is currently just below strong resistance at 1350 and is displaying classic congestion. (See the yellow dotted lines).

There is a Hawkeye pivot (yellow dot) pushing the market down and both daily and weekly Hawkeye Volume algorithms are showing selling (red arrow).

Daily soybean chart.
Daily soybean chart. Congestion is shown by the dotted yellow lines.

The Hawkeye Perspective

If you are long, lighten up your position. If you are in no trade, wait for the congestion zones (yellow dotted lines) to be broken… but if they are broken, it must be with red selling volume on the daily and the weekly charts, showing that the bias is to the downside.

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Hawkeye Education

Trading any market without education on the six ways the market moves is like walking into a casino with a stack of dollars – you’re relying on luck rather than a methodology.

Learn the “Six Ways a Market Moves,” the key to being a great trader, at the next Special 3-day Hawkeye Seminar in Santa Ana, CA in September.

Click here to express your interest in the seminar.

 

Hawkeye Live Training Room Video Updates

The Free Hawkeye Live Training Room is held every Thursday from 8am – 11am US EST. We have an archive of past Training Room recordings available in case you wish to view them offline with some fresh popcorn and your iPad. Please use the following link to view the video. All future presentations will be posted in this same location. 

View the Recorded Video Now!

Please let me know if you have any questions, and I hope you enjoy the presentation. 

Good trading, 

Randy Lindsey 
Hawkeye Traders

Get Ready for a Major Yen Trade

The volume on the Japanese Yen futures contract (JY) last week was the highest weekly volume in over six years. The last time the market had volume anywhere near this size, a significant rally that lasted over five years resulted. This could be a sign of major institutional involvement, with major hedge funds making moves in this market. Be patient and wait for a bullish setup to take advantage of — this could be a major move.

Lets look at the charts:

Chart 1 (daily)

Japanese Yen (JY) futures contract daily chart showing a potential reversal.
Japanese Yen (JY) futures contract daily chart showing a potential reversal.

From Chart 1, we see very high stopping volume (blue highlights) and evidence that the market is now being accumulated (green volume bars.) What should happen next? Expect a test to the downside narrow range down bar with high volume and the close in the top 50 percent of the bar’s range.

Chart 2 (weekly)

JY weekly chart ... notice the huge buying volume.
JY weekly chart … notice the huge buying volume.

From this weekly chart, we see buying volume is coming in (see the cyan arrow). The price bar is moving up and if there is a close above the weekly Hawkeye stop (the red cross), a new uptrend will develop.

Chart 3 (monthly)

JY monthly chart showing potential pivot bottom. Expect to see 3, 5, or 7 bars of reversal as a potential move.
JY monthly chart showing potential pivot bottom. Expect to see 3, 5, or 7 bars of reversal as a potential move.

The monthly chart shows high selling volume, but we now have a potential Hawkeye pivot (at the cyan arrow). If an isolated low or pivot does form, we expect it will push the market to the upside for a minimum of 3, 5, or 7 bars.

The Hawkeye Perspective
In conclusion, all three timeframes are manifesting stopping volume from the downtrend that has been in place on the monthly charts since the 29th of February 2012. This market is highly oversold and the Hawkeye Volume algorithm will lead the way, showing the commencement of a new uptrend. However, if the low that occurred on the 13th of May 2013 at 06:52 is taken out, it will revert back into downtrend.

Now YOU can get this Hawkeye edge at the next Hawkeye Seminar in Santa Ana, CA, 21-23 September 2013.

How to Get Emini Trend Runs

Trade of the Week

In this week’s example I have turned the stops off and made the trend dots white. I am using the tick values generated by the Hawkeye GearBox, a unique tool that gives you the correct tick speeds to trade every day.

I can now see how the market is trading using Hawkeye’s “Six ways a Market Moves.” It is vital that you have this knowledge when you trade. No other educator gives this amazing edge!

Now YOU can get this Hawkeye edge at the next Hawkeye Seminar in Phoenix, AZ  in October.

In the chart below,

  1. At the red arrow you can see the trend dot is lower than the previous trend dot and the close of the bar is less than the open.
  2. At the white arrow, you can see a small magenta dot under the white arrow. This is generated by the Hawkeye Roadkill indicator showing an entrance to the downside.
  3. At the cyan arrow, you can see the trend dot is flat and the close is above the trend dot, and green buying volume has come in… exit for a potential 12.5 point move.

emini-060713

The Hawkeye Perspective 

In conclusion, avoid trading any market without knowing the “Six Ways the market Moves!”

It’s the key to being a great trader, and now you can get in on the action at the next Hawkeye Seminar in Phoenix in October.

Click here to express your interest in the seminar.

Hawkeye Live Training Room

Advance your trading skills and see how the Hawkeye indicators handle all the market conditions like the one shown above:

  • breakouts
  • chop
  • trends
  • consolidation

Live training every Thursday from 8:00 – 11:00 am EST.

8:00 am    FOREX

9:30 am     Futures

This new series of training webinars continues until the last Thursday in June 2013.

Click here to register for our Live Training Room now — it’s FREE.

Want even more valuable education? Browse archived Hawkeye Training Room Videos here.

Good trading!

Nigel Hawkes

Where will the dollar index go next?

Trade of the Week

Although the monthly and weekly are just showing trend entry to the upside, the daily chart below shows a trend congestion entrance. Why? Because the live trend dot has gone flat (red arrow) and the close was under the current bars open and the trend dot.

So what do we do look to the left of the chart for the last pivot or phantom high (yellow dot) and draw a dotted line representing the congestion high. We are now waiting within five bars for an isolated low or phantom low to give us the bottom of the congestion range.

dollar index chart trading

The Hawkeye Perspective

In conclusion, until this has taken place there is too much risk to trade the dollar index long, but when the congestion parameters are broken then a trade setup will occur either to the up or down side.

Trading any market without education on the six ways the market moves is like walking into a casino with a stack of dollars – you’re relying on luck rather than a methodology.

Learn the “Six Ways a Market Moves,” the key to being a great trader, at the next Hawkeye Seminar in Phoenix in September.

Click here to express your interest in the seminar.

 

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