Let's see if we catch this top here. Looking for a retest of the KEL below. Stop loss at 41.39, and risking a small amount (0.5-1%) is fine. Gold futures and spot look ready to move down and NEM is extremely overbought here. You can also take a pair trade against GLD, other miners, etc. I'll share a few example setups in the comments. Check out my updated track...
The chart speaks for itself, we have a very clear downtrend here, after breaking below the key earning levels above after the 'Brexit' induced volatility spike. We can enter shorts for continuation here, and look for prices around the 70 handle, without being overly optimistic (or pessimistic on European banks). Price has to stay under today's high for this setup...
We had a significant rally after Vix spiked 54.47% in 3 days, and the S&P500 index landed right on a Key Hidden Level of support, caused by the smart money buying spree after older Vix fear spikes. Each time the smart money buys the selloffs, they retrace Vix spikes by 75%, and at that point we get these levels, which if they hold, show a bullish bias is a smart...
EURUSD has deviated from the usual risk off behavior it has exhibited in one year, as you can see when comparing it to inverse IBB in the line chart pair above. The last daily close is right above a low volume support level, but still near the lows. It'd be interesting to see if it resumes the uptrend from here. I'll be monitoring price action in hourly charts,...
We have an interesting opportunity in GM. This is a more aggressive entry, but we'll protect the position by writing covered calls against the long trade. We shared this setup in the KHL chatroom today. Good luck! Check out my updated track record here: pastebin.com If interested in my trading signals, or in personal tuition, contact me privately. I'm offering...
We had massive moves in DAO and ETH pairs today, due to the news regarding a problem with the code in the DAO. Apparently, the uptrend is still in place, but there is a lot of fear in the air right now. This is the right enviroment to buy dips, and as you can see the support is holding for now (see green triangle and the dashed lines). Technically speaking, I...
We have a very interesting setup derived from the spread between oil and copper, also present in CADUSD and AUDUSD, due to the correlations with these instruments. You can enter longs in AUDCAD and FCX, and short oil (be it CFDs, futures, ETFs, take your pick). You could replace by copper CFDs or futures as well, but FCX just happens to have a nicer looking...
Visa is looking like an interesting short, either at market open, or if we get a move up to 79.28 (the red triangle's mid point). We can risk a move up to 80.18 at the very least, (or more conservatively, 80.57) and aim for 71.66 at least. Keep in mind it might take a few days to achieve this target, even weeks, specially if we factor that we have to break a...
We have a pretty clear shorting opportunity in X. I had succesfully shorted it before, you can see my previous post in related ideas. Fundamentals weigh heavily in steel right now, and the technicals in this chart are compelling, so I reccomend entering shorts under 16.33, with stops above 17.10, and target at least a retest of the recent lows, but we could break...
Tim West has shared this setup in the KHL chatroom this week. I'm posting it so everyone sees it, in case you missed it. We can enter shorts in TD, and additionally longs in CUBI to create a pair trade (or simply take the short). Position size if trading the pair involves risking going long with 7% size in CUBI, and short TD (with the same size), simultaneously....
We have shared this entry in the KHL chatroom. You can still enter at market, or buy dips to the key level at 45. With oil possibly topping for the year, this can be an excellent trade. Props to Tim West and his Key Hidden Levels. I've come a long way thanks to his mentoring. Leave comments if you take the trade with me here (or if you've taken any of the ones I...
We can enter short BABA if it retests the Key earnings resistance level at 77.47 in the coming days. Stops should go over 80 to be safe, and we can target 69.28 approximately. Many negative stories have come out in the last few days, and the stock is considerably overbought, and due for a correction, all the more reasons to short it. If interested in my trading...
ETHBTC has confirmed a weekly uptrend, like I anticipated, while the ETHUSD/ETHEUR chart formed a new weekly 44 bar high in RgMov, Tim West's proprietary trend/sentiment analysis indicator. This implies that the upside is considerable, and we should go long on either a dip inside the box on chart, or a new high. We could speculate and take a half risk position at...
I shared this setup in the KHL chatroom recently, we're long from the retest of the earnings support. If you missed it, you can still get in, preferrably if we get a pullback. Stops should be like the one on chart. Potential is considerable here, so, I'd reccomend jumping in asap. If interested in my trading signals, or in personal tuition, contact me privately....
I'd like to illustrate a few examples of the methodology I employ to trade equities. With the aid of the 'Earnings price support' from the 'Key Hidden Levels' indicator pack, we can pinpoint not only where to buy or sell, but also, where the stock will gravitate to after starting a directional move. We can anticipate wether we want to go long or short, based on...
AAPL has some technical support around the Key Earnings Level on chart, obtained using Tim West's indicator pack. I have sold puts, looking to profit by expiration, or worst case scenario, get assigned some stock. I anticipate a base forming around here, and then a resumption of the uptrend, so I wouldn't mind owning some stock, considering AAPL's yield at this...
The euro chart is very educational, most would deem it unreadable chop... I think it's clear sentiment is still very negative, and people want to sell the euro higher, no one finds a reason to go long, yet we're in an uptrend. This is good, if you're long, you're a contrarian for the most part, and when former bears start wanting to go long, they aren't finding a...
SWN has traced a triangle, where we have downtrend and uptrend signals in the daily chart that conflict with each other. Under closer inspection, it could be possible to see burst upwards during earnings, if it surprises positively. The chart is set up for an 86.79% rally from the mode at 7.77, with downside risk of 14.22% (to 6.60). If you have a suitable...