VIDEO: www.youtube.com Good morning traders, Philip Stewart here. Today we're looking at some structures and patterns, as well as the AUS RBA opportunities that were presented to us. Please watch the video above for more details about what we're looking at in our trading today. Star Prosper Philip Stewart
Background: Aud/Usd Remains in a downtrend but we found support @0.75600 ish level and price found balance, we formed a minor range between 0.7560 support and 0.7914 resistance , where price broke thru resistance but price traded back into the broken resistance, however its not over for the bulls as the up channel is still intact and if we find buyers we may...
Good morning traders, I'm looking for a short here on the EUR/USD 1 hour chart. We have turned around at the 127% extension with previous structure and created a nice PRZ. Waited for the market to pull back into a tweezer formation and shorted the market in a potential move to previous resistance becomes new support. Star Prosper Philip Stewart
TARGETS HIT: Good morning traders, We have a simple potential bat pattern that we might be able to trade up on EUR/CAD. Stops and Targets are placed along with our Market Order for the pattern. Star Prosper Philip Stewart
Traders, last trade before I log for the day, We have a bullish cypher pattern on the EUR/AUD 4 hour time frame. Have calculated stops and targets for the trade, waiting on D leg to complete to make the pattern valid. Best of luck trading today, Star Prosper Philip Stewart
the spy if making a triangule. we have to keep looking through days to see if price break the support of the triangule or the resistance. I think is going up because is the market and EMA (200per) is acting as support in the 4h chart as you can see. Anyways, up or down its going to be a good gain. what do you think guys?
Strengths: -Enhancement The ruble by 18% from 2014 lows against the euro and dollario . -Stock exchange ( MICEX ) since the beginning of 2015 to + 16 % -Large Margin recovery for the ruble to reach the pre-crisis levels of June 2014 . -Rate Interbank Repo 14% cut in view of the revision of reducing inflation (target 2017-4 % ) - Bond 10y 12% - Bond corporate...
After we finished last week with a HUGE bullish pinbar on the GBPAUD (see: www.forexvader.com) , it looks like we might be able to ride the GBPJPY up too, with the confluence playing in our favour. The GBPJPY has been retracing in this descending triangle since Dec '14. Having been rejected from the 176.5 Support and the 0.618 retracement previously, price is now...
The last 3 market cycles have something in common - they all seem to last for about 7 years with a rising trend for the first 5 years and a consecutive decline for the next 2. Irrational exuberance or?... Some arguments for reflection follow: 1) rising USD would/should hurt U.S. equity earnings in near term. If innovation does not negate the effect of rising...
Bullish on this stock, the book value per share is 2.35 yet the price got scared down to 0.79 because management rescheduled earnings. Sort of looks like a double bottom should be formed once this anomaly is resolved.
symmetrical ABCD triangle. comes into confluence with 11000 level. AB=CD to the pip. also aligned with 161.8 fib extension. with that said D=(B+A)/C downside target 9488
Sentiment has reached 95% bullish. Sentimenttiming.com has had the February 5th-9th time period as a otential turn lower. The low date will be withheld for members only--but shorting this rally using sds is a good trade set up. Layer in 1 block here and if sds heads to support 2-layer in 2nd 1/2-is my trading plan. Expecting a push back up to the December...
Ladies and gentlemen, it's about time i come clean here and share with you my secrets of success in trading the stock market. It is no secret that many expert traders make outrageous claims about the market not being perfect and that it can't be predicted, and that it will always be 50/50 percent chance of success and failure. Well rest assured that their claims...
Charts are telling us to be very cautious, as soon as we get the 1st dip in the RED line below zero mark, we shall expect a convincing bounce only to find more panic ahead. ONLY time will tell when we get that scare drop.... Considering where we are today, probability of making significant NEW HIGH is very LOW, however a marginal NEW HIGH cannot be rules out....
What I am not showing here is, that the Cyclicals are losing steam, Sensitive Market is in neutral trend, Defensive has been the buyers paradise since OCT 2014. Why I think that this can be called as a Biotech Bubble is because, It has done the same exact thing Financials did in 2007. ie., Moved tooo quick tooo far. Yes Bio Tech (Healthcare) sector is a...
It looks like the rally in bonds is finally done because it had 3 legs up and is forming a potential M pattern. The obvious target is back down into liquidity at the 200 sma. What this means for the market is that it should have a strong rally to finish off January in a positive note and a positive tone for the rest of the year. This final move in bonds...
The divergence between RSI and MACD makes this trade dangerous, so aim low.
Intermarket Study for 2014 Utilities - XLU - and Health Care - XLV - Outperformed in 2014, and these two sectors saw the biggest % gains later in the year. Health Care and Utilities are considered economically insensitive sectors, and tend to outperform when the market is at risk of a pullback or a sideways markets. Historically, economically-sensitive sectors...