SPY moving up on lower volume. Just be careful here!
Super simple, and even if it fails you just have to play it since the entire worlds eyes is on the same bounce. Any little support or trend reversal will spark a cover to the ATH.
5 wave ending diagonal and rejection at top of pitchfork channel. Go down now
In this publication I show a drawn up trade that is currently open on my account. I use the principles of price action, where price is in extremes through expansion and contraction. NO squiggyly lines just pure price action is quite simple and beautiful. To me it is an art form being in touch with the charts ebbs and flows. Before every trade I practice a...
Entry details are shown on the chart. Working the H1 time frame on this strategy. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen...
Today we saw $XP take firm control over the 50 handle and we'd like to see if it can still keep going. Emerging markets still trying to push after the bottom in Chinese tech stocks. We're hoping to see 60 in the near future. Good luck traders!
Likely a very unpopular call, but I think USDCAD ultimately fails here. My quick summary view of the dollar follows, but I will note that there is some event-driven opportunity to make some money in a USDCAD trade, with Hurricane Ida approaching Oil Production in the Gulf of Mexico (likely causing oil to spike). I have had the view for a couple of months that the...
Likely a very unpopular call, but I think USDCAD is a short. My quick summary view of the dollar follows, but I will note that there is some event-driven opportunity to make some money in a USDCAD trade, with Hurricane Ida approaching Oil Production in the Gulf of Mexico (likely causing oil to spike). I have had the view for a couple of months that the dollar...
With recent news of South Korea and Hungary hiking rates (even before this news), I am starting to more seriously consider the possibility that the *rest of the world* could lead asset tapering initiatives, ahead of the US. This would allow for Emerging Markets to stabilize, amid the $Dollar-driven commodity boom, thereby setting the stage for the next several...
Today we are witnessing a sharp turn around in Emerging Markets $EEM after the Jackson Hole meeting. $IWM a strong indicator of risk tolerance has seen a sharp move back up into it's middle pivot. Could the continued low rate environment and strong economy be enough to continue the rush into risk-on assets? Keep a close eye on $EWZ though (Brazil ETF in which PAGS...
BTC new bull market in full swing in the video you will find my simple price based analysis of how I see the price action to continue further
10/08/2021 GBPAUD Entry Resistance level idea: 1.88650 - 1.89200 Resistance TP Support level idea: 1.86000 Final SL for all Short positions: 1.90000 Resistance Level Comment: 12AM mid-night, a trading idea just came into Roger V's head after looking at the GBPAUD weekly chart. - A risk that must be taken - A Stop-loss that may happen - A Take Profit may...
Looks like a bullish continuation pattern has emerged and further upside can take place holding the support zone. Look to scoop and add on further breakouts.
Will a stronger USD break the market, Looking at the position of the USD what will happen if we maintain strength over 92.50
Those who follow my ideas know that I am a big proponent of the VIX and how as a trader it tells me what the general "temperature" of the stock market is at a given time. Currently, when looking at the chart and how I have set it up, we can see different areas and levels in relation to risk. If we start with the upper levels, this is a level where SPY is extremely...
30/7/2021 EURUSD Entry Resistance level idea: 1.22350 Resistance TP Support level idea: 1.20300 1.19000 (Best Scenario) Final SL for all Short positions: 1.23650 Resistance Level Comment: The market has temporarily come to an end with the US dollar index going strong and going in a retracement. The next potential entry I will be looking for if the...
NYSE:JPM Jamie Dimon and his army of minion traders at $JPM are printing the classic bear pattern of a H&S top (green). Measuring that formation, that should put us at a local bottom sometime in October. From there I would expect the Santa Rally to be our retest of the neckline, before creating the base of the much larger H&S pattern in yellow. Measuring that...
Hi, another idea from the stock market. Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 3,942 gross wells. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City,...