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Launch Chart
1 day ago
SPY, D Neutral
31 1390
So I Saw Yet Another $1000 Dollar System For Sale.

This Marketer Actually Had A Decent System…But Left A Lot Of Key…And I Mean Important Information Out. Likely To Get People To Pay For His Weekly Picks.
***I’m Tired Of These Marketers Hyping Up A System…Charging A Premium…And Taking Money From People Who After Taking The Course Don’t Even Realize How Much They Haven’t Been Taught.

***I’ve been Selling Option Premium For Income For A Long Time. Wanted To See If There Is Any Interest From The Community...

NOTE-This is only 1 Rule To The System. Wanted To See If We Have Any Weekly Options Premium Sellers. If We Do Leave Comment Below and I will Code The Rest Of Rules.

Rules Included On Chart:
- Just Text Saying When Conditions = Selling Bull Put Spreads (Credit)
- The Condition Stays True Until Either Of The EMA’s Turn Yellow


Rules I Would Need To Add if There Is Interest
- Condition When To Sell Premium Both Above and Below
- Condition When Market is In Downtrend Condition = Selling Bearish Call Spreads (Credit)
- Days Of Week Ideal For Selling Weekly Premium.
- Adding in Complete Market Index Filters To The Individual Stocks (VERY IMPORTANT)

Happy To Do…But A Lot Of Work If We Don’t Have Any Options Premium Sellers.

Leave Comment Below If You Have Any Interest In A Weekly Options System
13 hours ago
EURJPY, 240 Long
17 570
There are several EURO news events this morning (pmi´s and retail sales). Depending on whether they are favorable or unfavorable as a whole, we could have an opportunity to trade out of those news events with the reversal of an advanced price pattern that is nearing its completion on the 4H timeframe. Price is already testing the potential reversal zone and this set up qualifies as a “trade candidate” and goes on my watch list.

When defining the potential reversal zone (PRZ) for a Gartley pattern, we look at the projection of three harmonic levels. I: the 786 retracement of XA, II: an AB = CD pattern and III: a BC expansion converging in the same area (in this case 1272 BC). This defines a tight zone, about 26 pips wide, represented by the orange lines in the chart. Should price action reverse convincingly, I would enter long. SL goes 10 pips behind the next support level. TP1 = 382 retracement of AD and TP2 = 618 retracement of AD.

There are 220 pips to be made (if this pair follows the script) and the trade has a reward – risk ratio of 2.0!
1 day ago
BTCUSD, D Neutral
6 1095
Still currently in a long position since $260 and waiting for signs of a reversal. We could either fade out here or go parabolic into the $300s. Considering the news catalyst, I think we will probably go parabolic sooner rather than later and meet resistance around the same place as last time, where I will start looking for shorts. If the trend stays healthy and volume isn't extraordinary, I may keep partial longs and wait for another breakout.

Either way, the top of this channel looks like a good target for longs if you've been long. What happens after that is what will decide the overall trend. We will either make a higher low and continue up or crash down below baseline support, which is a bad sign.

It all depends on the speed. If we approach $310-$320 sooner rather than later with large volume, then it's a short signal with a lower low on shorter time frames for confirmation.

BTC donations welcome:
15kykEJ8EnPcpx2e4jpVRx3EVCeuSWEdx5
10 hours ago
BTCUSD, 240 Short
7 470
Potential bearish Bat Pattern completion at a pretty decent resistance level.

There's not much at all that has caught my attention in the Forex market and I've got about an hour left before my trading day starts, so just having some fun by looking around and seeing what else is out there.

22 hours ago
USDCAD, 60 Short
3 284
An intraday setup to make some pips near round level 1.2500
After the trendline was broken we have the first convergence.
Now after a divergence on 15M chart we see also candlestick patterns suggesting the correction finished.
Good luck.
9 hours ago
USDCAD, 240 Short
4 357
This pair has been trading sideways for a couple of days, oscillating around the 1.25 level. And as we know, consolidation breeds advanced price patterns. Today there is a host of Canadian and US data coming out that could give it an impulse. The key US data point today will be the ADP employment change. Its the prelude to NFP and might give us a hint of what that figure will be like on Friday. The key Canadian news event will be the rate statement by the BoC, where we will find out whether the BoC will cut or hold. Yesterdays positive GDP figure could mean they wont cut (yet). We shall see.

On the technical side, we have the contour of a bearish Gartley pattern developing on the 4H timeframe. Price has travelled 40% from C towards the potential reversal zone (PRZ) and this set up qualifies as a “trade candidate” for my watch list. When defining the potential reversal zone (PRZ) for a Gartley pattern, we look at the projection of three harmonic levels. I: the 786 retracement of XA, II: an AB = CD pattern and III: a BC expansion converging in the same area (in this case 1414 BC). This defines a tight zone, about 20 pips wide, represented by the orange lines in the chart. Should price action test the PRZ and reverse convincingly, I would enter short. SL goes 10 pips behind X. TP1 = 382 retracement of AD and TP2 = 618 retracement of AD.

There are 134 pips to be made (if this pair follows the script) and the trade has a reward – risk ratio of 2.0!
15 hours ago
BTCUSD, 120 Long
7 312
i have two prelim targets for the end of wave a of 5 depending on where (iv) ends (it might need updating). a more conservative target is 306 which is where wave fives more commonly end (61.8% of 1~3). i have another target of 324 if wave (v) extends 100% of (1~3). i like 324 because it's close to the ideal 320 target and has the right look ending near the ((i)) to ((iii)) connecting line but not actually touching
2 hours ago
BTCUSD, 60 Neutral
1 410
I don't often go to the 1hr time frame, but I'm hunting around for a better long entry on a retracement. This is just something to keep on the radar for the time being. A move above 'C' will invalidate this pattern, and really both 'C' and 'B' are ever so slightly not "perfect" (see below). On the whole this looks to be a well formed pattern. This would be a long trade/buy opportunity, which would only be taken at the 'D' completion point... if price gets there.

The butterfly contains an ABCD pattern preceded by a significant low (X) or high. This pattern is found only at significant market tops or bottoms.
Requirements:

'B' point should be a .786 retracement of the XA leg
'C' point should be either .382 or .886 retracement of AB
Swing from A to D should be a 1.272 or 1.618 extension of XA
'D' Must be below 'X'
A valid ABCD must be observed in the extension move (AD)
*Ideally*, the two triangles will be nearly equal in time, XAB and BCD. Otherwise, look for BCD to complete between 1.272 and 1.618.
A move beyond 1.618 renders the pattern invalid and suggests a strong trend continuation in progress.
8 hours ago
SPX500, W Neutral
3 242

As SP500 has been losing momentum in the last 6 months and seems to be reaching what could be the TOP (In time and price), it becomes increasingly relevant to take a step back a reevaluate extreme scenarios.

In any case what seems clear is that SP500 could be above 10,000 in the years 2030.

The question is whether SP500 is going to suffer a 50%+ dive in the next 2 to 4 years and if that correction will be slow/painful or will come as a fast shock (maybe the second then the first).

As Governments have already used all their easing ammunitions, if there is a problem, it may take longer to resolve.

This is all vague at this stage. The take away is that markets often work in trio and a third leg down of 50% is possible.

Of course, thinking of 50% down seems ridiculous when most managers currently wonder if SP500 will reach 2300 this year but it was the same in 2000 and 2007: nobody could foresee what was coming and everybody was looking up.

Note: in 2013 and 2014, many prominent analysts were forecasting large corrections... They are instinct now. The move is therefore more likely to occur.
19 hours ago
TLT, D Short
7 121
I would short this.
12 hours ago
GER30, 1M Neutral
0 190

Removing the 1998/2000 excess allows to extract an hypothetical channel.

The bigger channel is there for the general idea.

The Channel that actually matters for trading (the dashed one), would also be at 12,500 in Jul15.

To keep on the radar if manages to reaches that target on time.

Other note: by july at 12,500 the rally from Oct14 to Jul15 will look similar to the Sep99/Mar00 climax
1 day ago
GBPCAD, 240 Long
10 247
This pair retraced about 500 pips from last high.
Now is about to touch PRZ near the round level 1.900, a nice area for a bounce
The B point of the bat is not touching the 0.61 level, so the pattern is valid.
I expect a target a least to the 0.38 level.
Good luck
11 hours ago
SPX500, D Neutral
2 199
Update:

The top is likely to be in place.

Top stickiness above 2090.

Key levels:
2090 - Below which dynamics could be faster.
2000 - Support likey to be broken decisively this time
1900 - Probably a buy to 2140 / Jul15
5 hours ago
AUDUSD, 240 Long
7 210
With multiple bounces of various support levels and the breakout of the long term downtrend trendline, finally we should see some strength in AUDUSD. I have two main targets for an upside swing, however, pair might retrace back to 0.7780 before / if going to hit the target. On the downside note, breakout below 0.7740 would invalidate these analyses and could once again send pair lower toward 0.7640 area.
9 hours ago
VI1!, M Neutral
5 65
View: I think volatility is on the rise and is going to test 28 soon and maybe 36 before year end.

Observations:

I split the volatility prices in 5 segments:
(1) 9% - 16% - Very stable - Slow - Steady regime on SPX
(2) 16% - 28% - Spikes of fear within rally.
(3) 28% - 36% - Strong moves down
(4) 36% - 56% - Extreme moves down
(5) 56% - 80% - End of the world

Note: on the only expample available on this chart where volatility increase durably above 36%, the move up lasts only 2 months, it takes another 2 months for vol to reposition in the middle of band (4), 3 months flat and 3 months back below 28..

Once it manages to establish durably above 28, the crisis takes 2 months to reach extremes of vols (which spikes before sp500 finds bottom (5months earlier).

In the whole crisis of 2007/2008, vol only spends 8 months above 28%.



3 hours ago
BTCUSD, 60 Short
5 106
My feeling is that this may be happening.
Everyone has been expecting $300 plus, but to me this looks like a 3 wave impulse ending at 295.
Also there's the divergence on the CCI that has been present the whole way up.
CCI failign on the red overhead resistance too.
And RSI is topping .
If so I'm looking for a buy in the retrace zone.
Comments please. (ignore my EW numbering as usual DanV) :-)
Thanks a lot
17 hours ago
CL1!, 2W Neutral
6 178
An overlay of the chart of WTI and brent oil prices over time, I thought it'll be pretty interesting to share this.

How geopolitical and the American shale oil boom is shaping up the differences.
17 hours ago
USDJPY, 60 Long
4 244
USD/JPY has made a high of 120.25 and slightly retreated from that level. Short term support is around 119 and weakness can be seen only below that level.
On the upside break above 120.25 would pave the way for next target around 121/121.80.

Overall bullish invalidation only below 118.

The pair’s minor support is around 119-119.20 (200 day HMA) and break below will target 118/116.80.

It is good to buy at dips around 119.10 for the target of 120.45/121

Indicators (1 hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Buy

Recommendation: Buy USD/JPY around 119.25, SL 118, Targets 120.45/121.
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