Expect the correction to be concluding in an ending diagonal formation as shown on chart. There is still a mild chance to see <$39.3/66> in a spike of leg-e, though I don't think it will materialize. Hold shots averaging $37.52 <36.70-38.40> for a 1.2 standard contract size to target $32.50 Add 30k short entries @ $39.30/40/50 (if / when seen). If short entries...
All short limits should have filled to a short holding of 1.2 standard contract - averaging $37.325 Position dynamics explained on chart. I will be implementing the Risk Assimilation matrix outlined on the chart (Black box). This is a money management technique used to securing a position without the use of stop losses. Currently place limit sells at 10k @...
Short Holdings should have been adjusted to ~ 1/2 standard contract per $10,000 account. the strategy on the position is outlined above. take Care & Stay Safe
accumulate limit long for 1/2 contract size as follows limit 10k buy @ $36.00 limit 10k buy @ $35.90 limit 10k buy @ $35.80 limit 10k buy @ $35.70 limit 10k buy @ $35.60 limit 10k buy @ $35.50 Target for all @ $37.80 No stops - prepare to hedge shorts @ $34.00. Risk : Reward, about 1:1. Don't chase the market. If you miss the trade, remember its a Friday, and...
Hypothetical scenario: (1) Entry @ 6325.0 (Buy LMT ) (2) Stop Loss @ 6290.0 | 35 points (3) Target @ 6419.0 | 94 points (4) R:R = 1:2.69 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
There is a 5 wave motive clear now on the hourly with the above count possibilities. If you are a conservative trader, it is best to use the conservative count (1-5), and update short limit entries in accordance with the latest update on idea # 15. If you are some what aggressive use the count (3i-3iii), then market should be doing a 3ii to sell in today. Place...
There is enough -ve momentum now on the 5/15min TF to show possibility for an extended correction. Sell 1/3 standard contract @ $ 39.50 to target $ 36. No Stop loss Try to accumulate 1 standard contract for an $10000 account. The entry @ $39.50 will then be the 1st entry, expect to add two more. That's why there is NO current stop. Stop to be placed after all...
Hypothetical scenario: ( 1) Entry @ 6093.5 (Sell MKT) (2) Stop Loss @ 6106.0 | 12.5 points (3) Target @ 6050.0 | 56 points (4) R:R = 1:4.48 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
The triangular correction has shifted to that shown on chart Close all pending longs at market for profit Compile another long position (1/2 contract through limit orders @ Buy 10k @ $37.90 Buy 10k @ $37.8 Buy 10k @ $37.7 Buy 20k @ $37.6 Buy 10k @ $37.5 TP for all @ $ 39 Take Care & Stay safe
Hypothetical scenario: (1) Entry @ 6019.0 (Sell LMT ) (2) Stop Loss @ 6029.0 | 10 points (3) Target @ 5990.5 | 28.5 pips (4) R:R = 1:2.85 Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
The market is doing an extended wave -3 - probably to fill the gap on charts to $40-$42 Always buy the small support ledge that forms between <38.2%-61.8%> pending every minor motive wave that extends on the 1hr chart (can be Elliot detailed on the 15 min) Accumulate to close all at $40 Currently compile 1/2 contract longs at:- 10k $36.10 10k $36.05 10k $36.00 10k...
Hypothetical scenario: Entry = White line (@MKT) Stop = Red Line Target = Green Line Stay tuned for the updates. Follow and leave a like if you liked this idea and want to see more! *DISCLAIMER* This post is solely for educational purposes and does not constitute any form of investment / trading advice.
Buy a coming retraction into wave-c of this ascending triangular formation. place limit buy orders to accumulate 1.2 standard contract per $ 10000 account Buy 10k @ $ 31.30 Buy 10k @ $ 31.40 Buy 10k @ $ 31.50 Buy 10k @ $ 31.60 Buy 10k @ $ 31.70 Buy 10k @ $ 31.80 Buy 10k @ $ 31.90 Buy 10k @ $ 32 Buy 10k @ $ 32.10 Buy 10k @ $ 32.20 Buy 10k @ $ 32.30 Buy 10k @ $...
Accumulate shorts into the Right shoulder of the formation Size = 1 standard contract per $ 10000 Account - distributed as follows limit short 10k @ $32.50 limit short 10k @ $32.60 limit short 10k @ $32.70 limit short 10k @ $32.80 limit short 10k @ $32.90 limit short 10k @ $33.00 limit short 10k @ $33.10 limit short 10k @ $33.20 limit short 10k @ $33.30 limit...
NASDAQ moving as planned so far. Preparing for an entry at the resistance.
The above chart show's FXCM's DAX proxy - the GER30. We note that the orange 13-day EMA has crossed above the black 34-day EMA (green ellipse). This has put the EMAs into a bullish stack. I.e. the green 5-day EMA is above the orange 13-day EMA, and the orange 13-day EMA is above the black 34-day EMA. If the EMAs develop angle and separation to the upside, it will...
Further to our previous article , the SPX500 has reacted from overhead resistance. The index is now challenging its black 20-day SMA support. If it crosses below and the SMA turns down this will be bearish development. We are also watching the daily RSI to see if it slips to the bearish side of 50. The right chart shows the hourly time frame. Here, the EMAs are...