Generated buy/cover signals on RSI StochastikGold bounced off of the support area for now
Light volume during recent bounce indicates this is a retracement in the downtrend
--> I threw in some Fibs to indicate where overhead resistance lies.
Resistance at:
- 7 day MA (currently there); a break would suggest the 20 day MA or the 38% FIb as target (1240ish)
- 23% Fib at 1224, 38% Fib at 1240
Overall: the lack of volume on the bounce indicates the lows might be tested again as the downtrend is still prevailing.
Took advantage of the break the last 5 days, but covering my short puts now
I dont have any sells signals yet, hence I am not doing anything until I see some
CALL
Change buy from neutral as strong support was found on trendlinePro Long:
- Trend line provided massive support (dark red line)
- High volume at support and during the rally
- future spreads very strong (N16-U16 turned into backwardation)
- If we close positive today 7 MA will cross 20 MA generating buy signal
Contra Long:
- running into resistance on middle Bollinger Band (20 day MA)
I sold the 2900 puts last week as a sideways prediction was put in place and will keep that position and add once I see a pull back into the lower trend line
Still waiting, beware bulls; risk reward not so greatPro Long (Chart):
- RSI and Stochastik created buy signal
- Orange support line
Pro Long (Physical):
- ICE warehouse stocks new lows
- spreads tightening ever so slightly
Contra (Chart):
- still in middle to upper end of trend channel
- room to go in terms of lower Bollinger band
- long term trend still down
- risk/reward for long position not there
IMHO I start looking into selling put spreads out in August or September. For example the U16 110/100 p spread.
Due to the negative put skew, 1x2s also work great IMHO (selling the one buying the 2s are also an interesting idea).
SPY HEAD AND SHOULDERS DOWNSIDE TARGETHead and Shoulders heights gives a target of 198
SPY MAY 27 203 PUT @$1.25
RISK DISCLAIMER
Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital.
topandbottomtradesignals.net
EURUSD Long call66,7% More chances for a bullish continuation, what is confirmed by a recent 1d, 4h price action, and important level zones
Due to that scalping signals to be used are:
buy stop 1,14292
Stop loss 1,14172
1st Target is 1,14412
"A Time management and Money management must be applied to the signals.
This signals are part of my trading system that I have created for my students,
it’s easy to use and is with a straight rules. so 100% clear.
The market knowledge gives a bonus and a room for improvement , so market education is advisable, that’s why the system is given as a part of educational process.
Limit orders are not shown here, but the system is giving them.
Any questions can be asked using email, website or Skype.
I really hope that even this signals will help you to keep your account growing.
Sincerely
Arturs J.
Marenno
www.marenno.com
skype: marenno.business
arthur@marenno.com
A short - government required disclaimer:
I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market."
EURGBP A LONG CALL ( VALID TILL 10 GMT)Details are on the chart, however a longer move is possible due to a European session start
TIMING STOP LOSS IS A MUST IN THIS METHODOLOGY AND A TRAILING IS PREFERABLE!
It is a scalping methodology, and also there is no need to post analysi, as so many good analytics are here already, so I do not want to create a no needed competition, however starting 09/05/2016 I will post most of the signals by the strategy I have created for my students.
it's easy to learn during the course.
if you like what you see - contact me by the email arthur@marenno.com or skype archer.top or marenno.business.
webinars on a system and trading tips will be through the weekend but if the need arise please contact.
as there is much more then you see, I will repeat that not all the signals will be posted and not all the targets will be given, so there is a room to think about targets and stop losses by yourself.
A system is for those willing to learn and earn, also as a scalping methodology the system is also working for those who has a small capital.
Sincerely
Arturs Jermolickis
Marenno
EURUSD INTRADAY SCALP CALLDetails are on the chart, however a longer move is possible due to a European session start
TIMING STOP LOSS IS A MUST IN THIS METHODOLOGY AND A TRAILING IS PREFERABLE!
It is a scalping methodology, and also there is no need to post analysi, as so many good analytics are here already, so I do not want to create a no needed competition, however starting 09/05/2016 I will post most of the signals by the strategy I have created for my students.
it's easy to learn during the course.
if you like what you see - contact me by the email arthur@marenno.com or skype archer.top or marenno.business.
webinars on a system and trading tips will be through the weekend but if the need arise please contact.
as there is much more then you see, I will repeat that not all the signals will be posted and not all the targets will be given, so there is a room to think about targets and stop losses by yourself.
A system is for those willing to learn and earn, also as a scalping methodology the system is also working for those who has a small capital.
Sincerely
Arturs Jermolickis
Marenno
EURUSD SELL CALL I have been working hard to create a simple strategy to learn and to follow.
It is a scalping methodology, and also there is no need to post analysi, as so many good analytics are here already, so I do not want to create a no needed competition, however starting 09/05/2016 I will post most of the signals by the strategy I have created for my students.
it's easy to learn during the course.
if you like what you see - contact me by the email arthur@marenno.com or skype archer.top or marenno.business.
webinars on a system and trading tips will be through the weekend but if the need arise please contact.
as there is much more then you see, I will repeat that not all the signals will be posted and not all the targets will be given, so there is a room to think about targets and stop losses by yourself.
A system is for those willing to learn and earn, also as a scalping methodology the system is also working for those who has a small capital.
Sincerely
Arturs Jermolickis
Marenno
SPY WEEKLY OPTIONS STRADDLESPY APRIL 14 209 C @ $.17
SPY APRIL 14 207 P @ $.17
EXPIRE TOMORROW
RISK DISCLAIMER
Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital.
topandbottomtradesignals.net
Get In Your Calls and Prepare PutsCOP continues to stay in a trend channel. Although it takes a while to bounce between the support and resistance levels, it is consistent. Expect COP to hit the resistance prior to earnings date. It will then decline after earnings and who knows how low it will go. Also anticipate the ups and downs of oil to keep this cyclical. Place your calls and prepare puts!
SPY WEEKLY OPTION BOUGHT ON BREAK OF 204 SUPPORTSPY WEEKLY OPTION BOUGHT ON BREAK OF 204 SUPPORT
SPY APR 8 204 P @ $.90
bought on break below 204 support
Also proprietary TOP signal received this morning
RISK DISCLAIMER
Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital.
topandbottomtradesignals.net
Follow Up On MagicJack no 21 minute positive bar opening.Our candidate last night had 2 indicators but it had two problems.. It was in the daily cloud and it was right under the 200 DAY MOVING AVERAGE. As with all our candidates and included in our book of the rule of entry, you must have a positive opening candle to enter into a possible candidate. I like a good, strong 21 minute bar some other people use 13. Thus, today we got no entry into our candidate, it's very important you follow all the rules for entry, exit and stop losses which appear on our book Pennies to Thousands.
Pair Trade - Short CNQ and Long XLEThis is a pair trade idea based on CNQ/XLE pair cointegration. My calculations show that these two stocks diverged by more than 2 standard deviation and, based on mean reversion, should come back to mean. This pair's rolling mean is 28.3 over the last 280 trading sessions. The current value is 23.6 and one standard deviation is 1.8. The trad can be done by shorting CNQ and going long XLE in the proportion calculated through beta. Alternatively, it can be entered as two credit spreads - bear call spread on CNQ and bull put spread on XLE. This is how I will be entering this trade on Monday when the market opens - $CNQ $22/$24 Feb 21 bear call spread for $0.5 cr and $XLE $57/$55 Feb 21 bear put spread for $0.6 cr. Will be watching the bear call side and adjust if necessary.






















