We are revising yesterday's EWZ order to a $22/$20 vertical spread (long the 10/9 $22 puts and short the 10/9 $20 puts), at a limit order of $0.67 per contract. This will give us a max gain of $133 per contract, and a max loss of $67 per contract. Hold until expiration.
Before every week of trading , I like to sit down and check out what the markets will be doing this week , and how I can ease into the earlier part of the week without losing money. The Us Dollar is the perfect currency because we have several major components at our finger tips. the Dow (above) is the first one we will talk about. This week the Dow is moving...
Governor Powell provided the fire power for the USD last night. Hawkish comments on the probable path of US interest rate rises. GBP is getting sold off. Sitting on 50 SMA (4h) right now, immediate trend is definitely downward, below 50 SMA will quickly descend to 1.5640-1.56 region. US Final GDP is the focus today, a positive final result would be a great...
My titles can be fancy as you can tell. And on a more serious note, check out this trade. We have a clear as day Cypher pattern completed , I picked up a nice 25% gain on that swing , then we see a fairly solid Gartley pattern complete right after (both Bearish) Like all gartley patterns, i am trading it to the 1.618 extension of the BC leg. I too the profit...
Past 4 bond routs lasted 12 - 15 months, touched the red resistance line and then backed off. If history is the guide, the current one has been going on for 5 months now and may have another 7 - 10 months to go and may touch 3.7. So looks like any bond rally should be sold/short until the target 3.7 is reached.
GBPNZD Hi everyone posted this pattern three days ago and it was a success, it reached two targets fairly quickly. Its currently ranging so waiting for a breakout
AS YOU CAN SEE EMA 200 WAS STRONG AND DID NOT LET THE PRICE GOING UP. BUT PRICE IS NOW AT THE TREND THAT SEEMS TO BE STRONG. LETS WAIT A CLEAR RUPTURE TO GO SHORT.
LETS SEE IF THE EMA 200 IS STRONGE ENOUGH TO PULL BACK PRICE TO THE AREA OF 0.7000. IF PRICE BREAK THE EMA 200, I WILL BE EXPECTING A BULLISH MOVE TO THE RESISTANCE
As you can see the trade i put few days ago is wrong. price will not continue the trend, it didnt break the structure. price break the trend! THIS IS WHY WE NEED TO WAIT FOR BREAK OUT OTHERWISE WE ARE GAMBLING AND IS BETTER AT THE CASINO However. RSI is showing a really good divergence. So lets wait for the break of the structure to make a short! Now we have...
Update on last published chart (see bellow)
This is an update of a chart I made 10 days ago (check linked ideas). I've added some inner waves and some corrections. Yesterday's drop to $276 could have ended the (5) wave of C. You can zoom a bit to see the decomposition between (4) and potential (5). Long-term support, lowest-point after burst ($275), first level of fibonacci retracement are all pointing to...
Last night I had posted a BAC channel that may be testing resistance. However, this chart has more accurate resistance levels and indicates a move higher. There are 4 possibilities, 3 of which are very close to one another at around 16.50. The one closer to 17 may work (3 touches) but there is no valid parallel support. The red line was my previous resistance...
entry at 101.50 , 2nd target hit today for +230pips Get your FREE $50 GIFT CARD etoro.tw
ALTHOUGH I HAVE BEEN EXACT IN MY PROJECTIONS WHEN IT COMES TO THE STOCK TESTING ITS 52 WEEK HIGH, I AM STILL BULLISH HOWEVER, I WOULD MOVE YOUR STOP LOSS TO A TIGHT ONE IF YOU BOOKED THE PROFITS WE HAVE SEEN IN THE LAST FEW DAYS I WOULD PLACE THIS AT APX. 17.62 WHICH IS WHERE I WOULD EXPECT TO SEE A REVERSAL IN PRICE IN THE EVENT MY INDICATOR FOLLOWS SUIT IF IT...
Not a lot of volume the past few days leaves Bitcoin in a CONGESTION phase until June 27 to June 30 just fluctuating without any clear direction. TA cannot be very helpful in such a immature market but a forecast can still be done. The congestion range is mainly between 582 to 621. My opinion is: (1) technically the chances of seeing 550 is unfortunately...