revelationtrading

revelationtrading

On Oct 5, did an analysis on Eurjpy where the trade was triggered only 3 days later. From execution to achieving the exact Target profit was a total of 8 days. They always ask what will you do differently if you get to relive your live again or if you are young again? But the interesting thing about trading is that you get to relive redo and reenact your beliefs...

revelationtrading

The usdchf hit a low of 0.9540 before retracing to 0.9960 . That's a whopping 460 pip of retracement. Thus what's the revelation? U can never be too sure about the extent of how much a currency pair would retrace and if (surprise surprise) it could eventually even start an uptrend on its own. Such is the reality. The analysis is as good as it gets at the point of...

revelationtrading

A Eurusd short was attempted at the break of 1.1450 which was shortlived as it has chosen to reverse its original course of action. At the moment as long as prices maintain above 1.16 more upside is expected with a probable target of 1.1750 Any break below 1.1540 would be a warning sign to reassess all long positions initiated.

revelationtrading

The gbpyen has been consolidating for 3 weeks between 146.90 and 149.80 for 3 weeks. At the moment, this looks like an upmove consolidation of 360 pips so is this an upmove pop with a possible target of 153.40 and 156 in the making? Guess this is why it is called the "BEAST". Definitely not for the fainthearted. ahhaha But directionally, this is Revelation...

revelationtrading Updated 

Gold has been relatively quiet, consolidating between 1181-1215 despite the dollar's strength. There could be many explanations for this. Gold is a safe haven metal and the recent sell off in the global markets could have resulted in this consolidation phase we have been seeing in Gold. But all this aside. key levels and action plans should be formulated around...

revelationtrading Updated 

Been viewing the EurJpy for about a week. have yet decided if it is a buy on retracement as suggested by some. But as always, Revelation Trading believes in trusting your own eyes and doing your own analysis. So here we present our own road map on how we might trade the Eurjpy in accordance to our simple methodology. Hope it helps:) Reflection: The...

revelationtrading Updated 

The Gbpusd is an interesting pair that has bucked the trend against the dollar. With AUDUSD, NZDUSD, EURUSD in obvious downtrends, the GbpUsd cleared out many stops at 1.3025 in yesterday's intraday session after making a new low at 1.2930. RT is of the view that there will be even more GBP Strength if 1.3045 is taken out by the bulls today.

revelationtrading Updated 

Oil made a new high at 76.90 before making a 3 day correction. For oil bulls' who trade on the weekly time frame, oil has just broken a weekly range at 75.29, which certainly bodes more upside for them. As for day traders who have missed the up move, this retracement could be a buying opportunity to join in the party. Revelation Trading has identified 2...

revelationtrading Updated 

The Eurusd has been hovering around a tight range between 1.1460 and 1.1550. All the prices are entrapped within a bigger range at 1.16 Is this the consolidation before the downmove or otherwise? The market will show us where it wants to go eventually. Attached is Revelation Trading's roadmap for trading the Eurusd. Who says trading has to be complicated?

revelationtrading

Logistics is one of the sectors that RT favors. However with oil prices making new highs, FEDEX's prices are suppressed within this channel. Long term trend is still up and prices have been hovering around 239 and 240 region. Just waiting for 2 scenarios to play out at the moment. 1. Break below the trendline to test the 220 region 2. Break above 252 to start a...

revelationtrading

Personal liking aside, CMCSA is in the midst of a crossroad between utopia and dystopia :) In an ideal world, I hope the uptrend line is supported with a break above 36.60 for more upside towards 38.17 and a longer term target of 42. Yet in the event that it should break 34.50 then the market would have decided that it favors the downside more than my personal...

revelationtrading

After a 9 week consolidation, the stock is poised to regain its upward momentum targeting the previous high at 50 against a stop at 44.

revelationtrading

The USDJPY is approaching a key level on the weekly chart at 110.30. However is this an opportunity to long given the obvious fact that both countries have different monetary policies ? Or given the fact that Abe's popularity is tanking as a result of the scandal may cause markets to reassess the probability of him seeing his abenomics policies to fruition...

revelationtrading

Due to our bias and involvement in the EURGBP trade, we have avoided trading the GBPUSD since it runs counters "sortof" to our trade idea. Thus Revelation Trading has stuck to our belief by being consistent with our trade idea. Yet today on 24th July 2017 we initiate a cover on the GBPUSD. The GBPUSD is in an uptrend regardless of the current retracement....

revelationtrading

Pfizer, like GSK is reporting on 1st August for their earnings. Another exciting stock caught in a range. Since this stock has yet to trend but is still caught in the consolidation phase, actionable regions are maintained at those price balloons on the chart. The argument for bullish price action is the same as GSK.

revelationtrading Updated 

Pfizer, like GSK is reporting on 1st August for their earnings. Another exciting stock caught in a range. Since this stock has yet to trend but is still caught in the consolidation phase, actionable regions are maintained at those price balloons on the chart. The argument for bullish price action is the same as GSK.

revelationtrading Updated 

Since our last bullish outlook on the pharmeceutical sector, Revelation Trading feels that this is one stock to look out for. Though it has caused a slight dent, the failure of Congress to repeal and replace Obamacare has not caused the pharmaceutical stocks in our radar to tumble. In fact, they have held their well defined ranges. That to us, is strength. Also,...

revelationtrading

Since our last bullish outlook on the pharmeceutical sector, Revelation Trading feels that this is one stock to look out for. Though it has caused a slight dent, the failure of Congress to repeal and replace Obamacare has not caused the pharmaceutical stocks in our radar to tumble. In fact, they have held their well defined ranges. That to us, is strength. Also,...