OrcChieftain

OrcChieftain

Target became the next Target of Republican-affiliated boycotts. It is spreading across social media in a similar way Budlight did. I believe it is worth considering to short now as it is unlikely it will regain previous levels. The situation is developing too fast for anyone to be buying it now.

OrcChieftain

I've been watching the situation in the US with interest for the past few years. It seems that the customers are slowly creating parallel economies - one for Democrats and one for Republicans. The people are rich enough so they can afford to choose products from a company that shared their beliefs. So far it does appear that Republicans are better able to...

OrcChieftain

We are close to the EURJPY's recent highs and at the exact level of 150. Financials have a tendency to react to such numbers and unless the sentiment went through a major change, this will be a good level to short from.

OrcChieftain Updated 

Following the boycott of Anheuser-Busch's Budlight, it dropped initially, then went sideways from there. The consolidation range is now broken and I believe it is going down. Seeing social media, I don't see this boycott ending anytime soon, many people choose not to drink the beer for life. A few extend on to boycotting other Anheuser-Busch products too....

OrcChieftain

On Friday, all developers closed in red, some experienced a more significant drop than others. DHI and LEN have already fallen below the previous month's high, so they would be my best short candidates. People are not going to be buying houses with mortgage rates through the roof. Multiple researches say the publish believes it is a bad time to buy a house.

OrcChieftain

Target is another US company that became politically active and may have triggered many customers in a similar way BudLight did. I would avoid shorting it due to the technical outlook. The stock consolidated for almost a year now with 158$ being the pivot point. We are below that price now. While I do believe that the downside potential is significant, the stock...

OrcChieftain

Super-smart marketers at Cors launched a man-bashing ad back before Budlight's debut. Only a few would pay attention to it in today's environment, it isn't that shocking. However, due to Budlight's wildly extreme that sparked a total boycott of the brand, fake beer consumers became a lot more sensitive and a couple of months old ad started circulating on social...

OrcChieftain

I am lookin' to short this market. 75 is a beautiful number and we have the previous retracement also happening in this place.

OrcChieftain

I like this technical setup. Potential reclaimed block at the level of previous month's low.

OrcChieftain

This has moved beyond yesterday's lows. I think it will return to the mean before any news drivers come out.

OrcChieftain

Oil has been in a freefall for a couple of weeks. I expect retracement back to 70 as we are already in a technical discount zone and overdue for at least a two-day retracement that followed similar drops in the recent past. I used the last retracement as a reference. And equal strength retracement would take us to nearly 70 with wick narrowly hitting 70. A...

OrcChieftain

I am preparing to short from the purple-lighted Fair Value Gap (Single Print). Friday was First Red Day after consecutive bullish candles and also broke through the high from nearly three months ago. Good luck.

OrcChieftain

I will be selling if the price gets back to yellow line. That should be ICT breaker. If we do not get there, there is another forming breaker in 1W chart at lower price. That can become PD array for the future.

OrcChieftain

With mortgage applications dropping in the States to the lowest low this century, I see an opportunity to short. I marked a few free PD Arrays I will watch in the coming weeks.

OrcChieftain Updated 

For the last 4 days, the daily candle ranges didn't exceed 5 Average Daily Range. In the last 240 days, the largest volatility-decreasing sequence lasted 7 days and isn't at all common. I think it is quite likely, that we will see an above 100% expansion now. If it goes higher during the news, I would fade this event and hold the trade at least until today's...

OrcChieftain

The price created nice Fair Value Gap (purple area) with some sort of orderblock above. It would be nice to take a raid from that area down before the end of NY killzone.

OrcChieftain

Inflation is one of the key factors in FED's decisions. It is expected to move the market every time it gets released, especially now that FED is watching. Previous CPI was on 13/10 - 0.6% against 0.4% forecasted. There wasn't any directional move on that day, just liquidity sweep on both sides. Before that, another report came out on 13/09 - 0.6% against...

OrcChieftain

This is another long trade of mine. Similar to Japanese Yen, I think Czech Crown is artificially propped up, so the Euro price in terms of crowns doesn't extend above 24.5 This can be deducted from CNB's balance sheet. Czech Republic has among worst inflations out of EU bloc, and therefore this should be reflected in the currency's strength (in the form of...