The ratio VIX/SPY goes down when SPX 0.05% goes up. This makes it easier to see the ratios lower limit (and SPX's upper limit) Today VIX/SPY broke a support. SPX has not yet mimicked this move If VIX/SPY returns to baseline (as it has before) it implies a move of SPX500 to ~2183.
As I said in twitter, I am having a terrible week so far. If you are not doing it already, make sure to follow me and the Trade Empowered community there; my Twitter is in my profile. We have an amazing community there. Ok, so back to the topic. I am down around 250 pips so far; however, I have a lot of patterns in my radar, and this is one of them. Let's see...
I was actually waiting to take an structure trade on this zone. However, I got a reason for entry, this Gartley pattern. Additionally, if the price pushes higher, we will have another Bearish pattern at a great structure level. Following the plan!
I bet you liked the catchy title! Ok, so last week I lost a trade and immediately entered the most emotional trade so far in my forward testing. I went from losing almost 200 pips to winning 45 (going 2 pips from my target), and to finally getting stopped out for break even before rallying. It was emotional because I was exposed to my maximum risk, and losing...
I am currently long on the Cypher. I had to adjust my entry to make it fit my maximum risk. In other words, I moved my entry a few pips down in order to risk no more than 100 pips. Just keeping you updated
Yesterday, I was thinking bearish and had a valid opportunity to go short, a Gartley pattern. I posted the idea, but had to cancelled my orders due to non-farm payrolls, and after the fireworks, the Gartley was already invalid. However, we now broke structure to the upside, making a cycle bottom. We must remember that we are still bullish on the big picture, and...
this is a simple idea if you think tsla will not get over 241 in 50 days. give a small profit until 236 where the profit grows 3 times, and has no risk if price remains below BE marked on chart long oct 230 call and short 2 oct 235 call for a $1 credit
My analysis on the higher time frame tells me that we are bullish and have room to go higher. However, we if I am wrong on this trade, I would have to enter again on the next green box because my analysis would still be valid. We would still be Bullish on the Higher time frame and looking for an opportunity to go long. We have news at 8:30, so I will have to keep...
I moved my stops a bit so I could be above previous structure (1.0265) and have extra protection. I was filled on Friday. Let's see how this plays out. Have a great Sunday!
I may no be able to take this because I am about to go to sleep, it is about to be midnight where I am. The double bottom may form while I am sleeping. However, we never know. I could also enter if I get a 2618. On the other hand, we have a few patterns in the radar for tomorrow and a current short position on USDJPY. Wish you all the best for this week!
We are coming from a major structure and we have been on a bullish trend ever since. We broke the previous outside return, and the price is now pulling back to previous structure. We may have a bullish Gartley at structure as an opportunity to get with the trend. For CTS traders, we also have an ABCD pattern with Fibonacci confluence
Sorry for posting it late, I have been busy. I actually left my orders with an ATM strategy and I got filled but the stop and targets were not placed. I guess that is why we forward test, right? I have no idea why that happened but I will have to figure it out. Anyways, if you front run your orders you may have been filled. We are on a bullish trend and with room...
Although we have to take every single pattern, this one actually completes at a good level of structure. We just broke structure and are bullish on the higher timeframe, and now we are testing the OR (look at the 4H chart).
We are on a bearish trend on the higher time frame, and we have not tested the support level that is "expected" to test. We look left and seek for the previous outside return for an opportunity to go short. The market went over bought, and I am now waiting for a double top to enter. One could certainly look to trail second targets for a retest of the lows....
The market is on a heavy bearish trend, and the next support on the higher timeframe has not been tested yet. Given this circumstances, I immediately look for opportunities to go short. We look left and look for previous structure. Now, we may put a double top at structure giving us a nice opportunity to enter. However, if we continue higher, I will look for the...