I am counting 10 straight positive weeks for this pair. Momentum is powerful, so more upside could be in store, but the R/R favors a short position from these levels IMO. My target is noted on the chart(green arrow). That is an aggressive target, however, I have found the big money is in the big swings, so I am willing to wait. I will update this chart if I...
The 70 level is holding for now... Will need to brush up on the fundamentals, I like the R/R from these levels. If you have any insights, please leave in comments section below. Thanks
I am in wait and see mode. If GLD can close back above 110 at the end of the week, I might look at taking a small position. FOMC meetings can produce fake moves with little to no follow through the next day. Any thoughts? Please leave them in comments below.
I am short from the 116 level. My initial target is 112, my stop is 116.25. The cross has been straight up since November. I believe the R/R favors a short position from these levels. That does not mean we will not see a new high, it means the probabilities favor a short position, IMO. Trading is about making reasonable estimations, not certainties. If you...
Price stalled at the 200-4-hour moving average and the .75 level. The R/R favors a short position, IMO. My only hesitation are the two events that are tomorrow. The FOMC and the AUD employment report. Might be a good spot to sell for a day trader, but my time frame is longer and I believe the risk is too great. Agree/Disagree? Let me know in the comments below.
I like the long side as I am long. My first target is 27.50. I need to brush up on the fundamentals. If you have any insights, please leave in the comments below. Thanks
Tesla is trading in a 180-280 range. My strategy would be to trade the range with a bias toward the upside. There are strong feelings on both sides as to the potential and LT viability of TSLA. I don't have any particular insights. If you do, please share in the comments section.
Price is coming up on support at 1.0380. The 1.0380 level was tested several times last week and held (note green arrow on chart). I believe the R/R favors longs at these levels. I will be looking to buy in the near term. Risk Event AUD employment report to be released on Wednesday at 6:30 p.m CST.
Resistance at .72 and the 100 DMA (red line) has held for the past 3 days. A failure here could see a move back down toward the 200 DMA (green line). I am looking to sell but I am not sure how aggressive I want to get before the FOMC announcement on Wednesday. I will probably sit on my hands in this pair until Thursday. Month-to-date trading results #...
The cross held the uptrend line as noted on the chart. If that level breaks, the 200 DMA (green-dotted line) and the 1.30 level will look to hold the slide. I like the long side if these levels hold and will be looking for long positions after the FOMC on Wednesday.
Price close to resistance level .7500/10 area. On the downside, 7430 is first level of support. Two big economic events, both on Tuesday. The FOMC announcement and the AUD employment report. These two reports could break the 7430/7510 range. I would keep positions small and stops tight if you are trading this pair b/f Wednesday.
1.27 is a pivot level. I would look for that level to hold on first touch. On the downside, I would look for the 100 & 200 HMA ( see chart) to provide initial support. I would keep my positions light and stops tight until after the FOMC announcement on Wednesday.
Most likely will be range bound until after the FOMC event on Wednesday. I would look for resistance at the 100 & 200 HMA as noted on the chart(red arrow) Hourly support at 1.0590/1.06. I believe it is thin support. Better support 1.0500/15.
Technically Speaking SBUX has run into a falling trendline, which is holding the topside for now. I do not typically short stocks, but for a technical short trader, these levels might be interesting. If I was shorting, I would key on $52.50. If that level breaks, 40-42.50 is a downside target.
Short and looking for lower prices Price found sellers at a previous low print on 6/16 around 145.40. I sold with as stop above today's high. My first target is the green arrow at 142.20. If and when it gets there I will decide what to do next. Markets rarely go one way for an extended period of time. This cross has been straight up since 11/9 with one minor...
Technically Speaking Nike is holding support at $50. A break below $50 could target support at $42.50-45. I do not own NKE. I own UA, and their chart looks very similar. Will the $50 level hold? No one knows, the question is whether you believe the R/R is attractive and how much are you willing to risk to find out. I am holding off for now, but will look...
Technically Speaking Price is coming up on the $36 level. This level has held as support going back to 2009 I don't know if it will hold but the R/R seems to favor a long position IMO. I have not dug into the fundamentals yet, so if you have any insights, please leave a comment.
Technically Speaking You can't see it on the chart but the 2 level has been a good level to sell against in the past. I sold at 1.0170, stop at 1.0215. Initial target is 1.0000. Here is my checklist I go through before taking a trade. Is this trade worth taking? * Where is the R/R right now? Is it obvious? * Is the market trending or ranging in the time...