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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

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

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!

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

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))

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

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

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

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.

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.

Tri Star forming on daily
Time to go long with EURUSD
PULL BACK TO MA 20 zone
then free fall to 1.11+/- zone to retest the lower low
Good luck

I'm interested to see what happens if we reach the trendline, which is taken from the monthly chart. If I should see a decent rejection from my Area of interest then, I actually might consider buying EURUSD.

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!

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.

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.

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

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.