These trades are suggested for the EURO session only. If price spike UP, Short CL from 45.30 with 15 tick Stops and 45 tick Targets. Conversely, if price spikes DOWN, Long CL from 44.15 with similar Stops and Targets.
These are 'intraday" Levels trades that could be considered for initiating trades. Short @ 10596.0; Stop: 25 pts, Target: 50-75 pts. Long @ 10322.0; Stop: 25 pts, Target: 50-75 pts. NB: As I trade futures, I'm not sure if this is the correct symbol for the CFD version of the FDAX.
Good Morning Traders, The last 3 days saw 3 dojis (red highlighted rectangle) and failed to break the long down sloping channel top that dates back to July 1, 2016. If you remember from my post last Friday, I was concerned about the big gap from the day after the FOMC and that it would need to get filled before price could move higher. Well, today we got the gap...
Expecting 'intraday" price action for November 2016 Crude Oil futures to be contained within 130-180 tick range.
Expecting the E-Mini S&P 500 to trade within a range of 35-42 points. As the suggested Long & Short entry levels mark the anticipated boundaries of today's price action, Limit orders may be placed at these levels. Active "intraday" traders could consider taking multiple entries, suggested by their own favourite indicators, and use these suggested entry levels as...
Good Evening Traders! Janet Yellen and the FOMC delivered good news for Gold bulls today and tabled a September rate increase just as everyone predicted. As a result, the US $ declined and stocks and Gold advanced. This was good but not great for our long Gold position. Given that we have been trading in this contracting channel since July 1, I (and everyone...
Good evening traders! As you all know, I was short from 1341.8 and looking for price to hit my target of 1305 1.64% . Well, Sunday night's price action was aggressive to the up side and I decided to close my trade and take my profits for a solid 23.1 points. At the same time, I began building my long position, taking a 1/2 stake in Gold 0.09% @ 1317.90. On the...
Hello Traders! Thanks for joining me for this edition of Gold - The Week in Review . Last week we initiated a Gold short on Thursday @ 1341.8 and price moved down for the rest of the week. In fact, Friday's candle crossed and closed solidly below the midline of the range. Monday continued the bearish movement as price gapped down at the opening, closing at...
Today saw another outside bar on Gold COMEX:GC1! as price moved closer to my first PT of 1305. That's 2 outside bars in 3 days. And the outside bar today was bigger than the one on Tuesday. All indicators still pointing down. Let's see if price can break below 1300.
COMEX:GC1! Even though today had a green candle, the Heiken-Ashi daily chart is still all red: And the hourly chart shows that today was a slow grind up but that price was unable to break above the upper BB. The yellow circles highlight that 1. Price will hit the lower BB, 2. The Stoch RSI is moving down and 3. OBV has been severely squeezed.
Looks down to the 140 area for a test. However as long as the orange or blue trends hold, the upwards trend is still intact IMHO. short call spreads above 165 in Dec or January might be a good idea. I would buy any puts as downside seems limited for the moment and option volatility might decline during a sell off diminishing returns on long option strategies....
Yesterday, 9/12, saw continued downward movement in Gold futures. While that was good for my short position (in at 1341.8), I was concerned because of the gap up at the close of day (#1). But here is why I stayed short and didn't close my position (reference the yellow circles on the Stoch RSI and OBV). 1. Stoch RSI is is an obvious downtrend. 2. OBV ...
I've added OBV to my chart as a non-correlated indicator. I did this because I wanted a volume indicator as recommended by John Bollinger. I've seen some people add a fast EMA to the indicator but I like how the Bollinger Bands show the extremes. I've highlighted 2 examples. 1. Classic Divergence - As price exceeded the lower bollinger band in the price fall at...
After FED's Talk on Rate Monday Sept 12- 17:00 ..Traders are betting the Fed won't make a move on rates in September. Now, 85% of traders think the federal funds target rate will be 25 to 50 basis points as of September, which is where it is now. Only 15% of traders are expecting the fed funds rate to rise to between 50 and 75 basis points by September. BULLISH...
I want to take a few minutes and go over my chart and my overall strategy for trading gold futures. Bollinger Bands - I use 3 BBs, set to a standard deviation of 1, 1.5 and 2. I pay particular attention to when price pierces the red 2.0 band. I am also always aware of price in relation to the simple moving average, the orange line in the middle of the bands. As...
The StocRSI indicator is rolling under 80 and that coupled with prices failure to extend past the 1.0 Std Dev BollingerBand (cyan) after 3 days confirms a short sell of the gold futures contract. You can see the upper wicks penetrated the cyan BB but price could not close above it. You can also see the green StocRSI line move down under 80. Keep an eye on the...
Oil is moving down since it find resistance around 51 USD, this is a strong level. The first support zone is around 46,25. And a bigger support zone can be found around 42 USD. For the short term, Brent Oil can move lower to 46,25 - 46,50. When this level will break, the next stop is around 42 USD.
Critical zone due to horizontal level at 1,11491, nevertheless the price keeps below the downtrenline, at break this level, there is the 1,10604. Still out until end of the day to see how response at this level.