Details. Chance of success without back testing: 49% Chance of success with back testing: 84.8%
Collecting premium , selling volatility. Details. Chance of success without back testing: 70% Chance of success with back testing: 89.7%
Collecting premium. Details. Chance of success without back testing: 57% Chance of success with back testing: 86%
Shorting after trendline, if it gains upside momentum I'm out.
Faced some selling resistance at 123.582, but it's probably aiming for 125.582 .
Details. Chance of success without back testing: 61% Chance of success with back testing: 91.9%
Short term scalp, bearish instance on pair overall.
Bullish flag , shorting (hedging) on pattern break, already long. Pairs I'm looking at; EURUSD USDJPY USDCHF
After the strong rally, I'd expect a little downside. Nothing big , tho, although I could be wrong. Shorting at trend-line break with large stop. Shorting at resistance with small stop. Shorting at upper resistance with minimal stop. 1% | 0.8% | 0.5% Equity Risk (ER) on each entrance.
It's pretty simple, if the NFP comes with a good number, the S&P500 will probably erase all gains it got in the last 2 or 3 weeks. So I'm waiting for the number to short it. (Maybe I'll leave a small position 5 minutes before the announcement.) I am expecting a good number (above 180k ), so it should be pretty straightforward. The technical analysis checks in,...
It had a nice earnings report. I see it as a bullish pattern, although I'd advice for safe-guard traders to await a little more before entering. Trade safe .
Although this rally is supported by a spike in volume ( not the same as the S&P ), I'd advice any long players to be aware. It could be a simple bull-trap moved by good numbers, forgetting all the other problems in the global economy, emergent markets, commodity markets, etc. Do not forget them. I am shorting it until it reaches 19600~, after that I'll stay out...
My long entry is 43.98 , riding until the end of the rally!
No economic guidance on this, just simple s/r that I use to scalp.
To be honest, I dislike the S&P perspective right now . I think the price has extended beyond the bearish point, which is a mistake. The hike is still happening in the near term and the global slowdown hasn't gone away, all the other markets are being pushed solely by the S&P strength and I find this a bad pattern. Also, the chart seems to show a bearish flag,...
SPX500 and the USDJPY were highly correlated in the past month, but that seems to be fading away slowly. Although the S&P500 has been recovering from the lows, the USDJPY shows no sign of recovery at all. That should be taken as a bearish call for the dollar as it stands. But : Looking at related ideas below you can see my FED Triangle Breakout chart ....
Bullish dollar against the canadian dollar, correlated with the USDollar Index . (See related ideas )