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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

Since publishing last USDJPY chart suggesting bearish pull back or correction the price action has been relatively choppy and sideways congestion with associated difficulties in labelling correct counts on each swings.

However it appears that with initial zigzag decline in to Dec low, the price action has formed what appears to be bearish triangle which could be complete offering potential short opportunity in wave C decline which should be comparatively strong not overlapping 5 wave decline to conservative 114 downside target.

Summary:

1. Bearish triangle.
2. RSI divergence with price between point C and E.
3. Important 120 level appears to be strong resistance which it failed to take out so far.
4. It has been out of sync with SP500 for sometime which could now could now snap back with both declining together (see chart below)
5. Invalidation pint would be 120.45
6. Potential downside target 114 (conservative)

As always, do your own analysis for your trade requirement. Select to follow me and the chart for notification of future updates. If you like the analysis then please indicate this by thumbs up, comments and sharing with others. If you have an alternative idea then please share for all to learn from.

Thank you for taking the time to read my analysis.

DanV
danv-charting.com

All informations on the chart.
Just factual for the record.

As this bat completed and we are in a profitable trade, a next step becomes visible in the form of a potential cypher pattern completing @ structure which could indicate till where we can let our profits run and reverse our position to long to benefit some additional profits

This cypher is incorrect as B-point was incorrectly drawn in. Sorry guys ... not free of mistakes yet :D

My best guess at the moment.

i like this count better. it seems to have the right look. waves a & b are complete. wave c is underway; (iii) possibly extending. target is 320 for the end of wave c/((v))

There is a potential game plan if the bottom is in place which is possible.

Strategic Trade attempt:

Long 10% at 1207 stop 1150 on close.

.

wave (v) extended greater than 100% of ((i)~(iii)). the advance stopped near the upper channel line. i believe the b wave correction is now underway

i think after ab=cd we can see up trend

I m waiting for the CD leg to complete . I will be interested to long near the bottom PINK line which is the bottom of this range from 184.98-183.55
a) Bullish bat
b) bottom of Range ( 183.55-184.98)

These 2 paths are the extremes for the next 5 months.

Running a short stance, I need to have a position that survives 2155 by end of Mar15.

In both cases, I should have a pullback to 2050 by end Apr15.

If SPX trades 2150 before it trades 2050, I will be in recovery mode and would exit at 2050.

Monitor the VIX second contract:
- Now at 17.10, if it crosses below 16.40, SPX could be on the blue path.
- Although I would recover the loss/make some money at the end, my trade idea would be wrong and it have used risk for too long in negative territories.

RBA will decide on their interest rate decision very soon. We are currently near a support level stuck within a range. However, RBA decision could break us out of this range. Consensus is that RBA must cut rates BUT if they shock and keep rates the same we could see a rally into the former resistance area. If they cut rates, we could break the support level and see continued downward movement. Be careful with this one.

AUD/USD has formed bullish BAT pattern in one hour chart so jump till 0.7915 cannot be ruled out. The RBA surprised the markets by keeping rates on hold at 2.25%. The central bank noted that “having eased monetary policy at the previous meeting, it was appropriate to hold the rates for the time being”. It also mentioned that further rate cut will be there over the period ahead.

AUD/USD has recovered till 0.7835 after the RBA monetary policy. On the upside major resistance is 0.7850 and any break above will target 0.7905-0.7915 in short term.

The pair’s minor support is around 0.7800 and any break below will take the pair till 0.7730/0.7695.

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

Recommendation: Buy AUD/USD around 0.7820, SL 0.7780, Targets 0.7875/0.7910.

So, the Eurozone is facing a Deflationary threat and will increase its Quantitative Easing programme accordingly. The Euro should plunge about 4% against the Dollar in the next seven days.

Stable conclusion:
1 - the black line on this chart is "unbreakable" (whatever strong this statement can be in the market context)
2 - the red line has some decent chance to be candidate for top line and so far it remains unbreached.

Locally:
- the 13d ema is at 2100. this is the key support for a fast market or top resilience, once below other things can happen.

After a very clean bounce of our downside target I believe there is some room for an upside move targeting 1236-1241 area.