Search in ideas for "COMMODITY"
Largest Uranium Miner Uranium is no longer a topic of conversation like it used to be. That's a good thing. Average historical uranium prices in the 80s - 2000s was $10 per pound with an occasional low of $7-8. Uranium spot is currently trading at ~$18 per pound. I think prices could easily get cut in half, especially with cheap energy prices. Prices of Cameco Corp imply a similar trajectory and drop in magnitude of 40-50%, followed by a signal of forming a historical bottom. I'm interested in buying long dated puts on Cameco on any rally with targets in my orange zone. I will be looking for a long opportunity should price reach the orange zone.
Gold bottom?The last fall in gold was one of the largest of the past months and I believe it will mark the end of the bear market we've been since 1370's peak. Please note with the indicators shown there is always lag between the bottom of the indicator and the price, and the harder the oversold, the more complex and laggy the bottom price is.
This is not a trade idea, but a call for patience and analysis before entering your next trade.
KSS: Key Hidden Levels signalsIn this chart I describe the trading signals generated by Tim West's techniques, in particular the methods revolving around the RgMov and Key Earnings Support indicators. You can see signals that failed are very few, and the trade setups obtained in one year have been really precise if executed correctly.
If you're interested in learning the specifics of this discipline, and getting information of new stocks to watch, trade setups fresh from the oven, or in private tuition or trading signals, contact me, and don't forget to stop by the KHL chatroom ( www.tradingview.com ), where me, my good friend Nick Coulby and our mentor, Tim West, usually share ideas and commentary, and new members and subscribers to the indicator pack, can discuss and ask for advice as well.
Cheers,
Ivan Labrie.
EnteroMedics Swing Chart 2Looking like a solid swing trade, reasons shown on the chart, along with another chart with supporting reasons linked to this one.
INUV Pennystock bullish next few daysOver the next few days I see a reach for the .5 Fibonacci level (1.90), or the Pitchfan line; whichever comes first.
Heavy support from at 1.80 from longterm fibonacci level.
I believe the overall trend is still bear for this penny stock, but for the interim its bull.
EURUSD due for the awaited correctionEURUSD pair has started showing sign of weakness on daily with each new low (MACD, RSI, CCI positive divergences), approaching the low of March, which was the lowest rate since over a decade. The long strategy here is to find entries for an anticipated correction, whether by hunting and accumulating longs on lower timeframes or wait for the confirmation next days if it breaks up the falling wedge, or both, depending on the risk profile of this trade, which seems now as a countertrend trade on higher timeframes.
Happy Trading, everyone!
DAXthe INDEX:DAX was is running out gasoline, and seems to have formed one of the following patterns:
cypher
ascending triangle
broadening wedge
or all three. =)
indicators:
The CCI has already shown its downtrend forming a divergence from October 28
THE "RSI" from November 3
MACD from the 9th
It seems that they will be good pips.
ideas, corrections, suggestions.
They are always welcome
BTC/USD Daily Closeup Confirms Bullishness.A close up look at the daily chart shows us several signs of bullishness.
The first is our CCI Corrections. Weekly CCI has shown us a very recent surge above +100 and Daily CCI is nearing the nought line. Any bounce off the nought line and the current dip will be a bullish reversal. Additionally The signal line used for my CCI System (soon to be published) is curled upwards and bullish in color.
UberTrend is also in agreement giving us a bullish supertrend and plotting entry signals for us as Stochastic is oversold.
A further signal is the bounce at support right below the 0.764 Fibonacci retracement level. The doji from yesterday shows us market indecision and leads us to the possibility of a 2 bar reversal over the weekend.
London Session Watch EURGBPEUR/GBP has been quite volatile recently which was caused by both the Pound and Euro dollar. There's no obvious trend over the long term horizon but based on the shorter time frame, we do have bullish momentum going on in this market as we can see through the up sloping trend line and Tenken-sen continuing to stay above the Kijun-sen. The current support level is at 0.7977 and the resistance level is at 0.8036. We can also see that there's an inside bar candlestick pattern formed at the 0.8036 key resistance level which could cause the price to have a little pullback before it surges higher. We could potentially have buying opportunities near the trend line and 0.7977 support level in todays London session.
USOIL $105 ReversalWith the $105 resistance line tested again towards the end of the week I feel that everything is pointing to a downwards reversal (confirmed by a downwards break on the CCI). Despite the reassuring economic prints out of america in the past few weeks driving up demand, the US Energy Information announced last week that crude oil inventories had risen by 10.1 million barracks, the highest for almost a year.
I have entered the trade $103.60, my stop is above the resistance line at $105.75 - Short of something drastic happening in the Ukraine though I just don't see it jumping that sharply.
The 100MA has been providing a strong support and resistance and I am looking for this support to coincide with 0.382 fibonacci level ($100) which is my first profit target area.
Please be aware that there is potential for great volatility in USOIL with the Ukraine/Russia tension not fully resolved and the violence in Nigeria at the moment due to the elections.
-Darren
[Commodity] Crude Oil Buy IdeaWait for the trigger
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
=======
I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
=======
I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
=======
Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives