Following a nice head and shoulder reversal set up on the daily chart, GBPUSD has started to form a decent bearish channel. Currently price is on its way down from a retest of the significant 1.54800 resistance level, which has held up very well. After breaking through minor support price retested this level yesterday. So far 4HR and 1HR price action has been...
Market have traded nice Elliott waves correction pattern abc. Now continuation down is expected as price reached strong resistance zone and last swing Fibonacci golden ration retracement of 61.8%.
This a bearish trade on XOP using a 10/23/15 vertical put spread. Go long the 10/23 $32.50 put and short the 10/23 $29 put, with a limit order at $1.17 per contract. The max gain per contract is $233, and the max loss per contract is $117, for slightly less than a 2:1 risk/reward ratio. Hold until expiration.
This a bearish trade on EFA using a 10/23/15 vertical put spread. Go long the 10/23 $57 put and short the 10/23 $55 put, with a limit order at $0.65 per contract. The max gain per contract is $135, and the max loss per contract is $65, for slightly more than a 2:1 risk/reward ratio. Hold until expiration.
This a bearish trade on EZU using a 10/16/15 vertical put spread. Go long the 10/16 $34 put and short the 10/16 $33 put, with a limit order at $0.34 per contract. The max gain per contract is $66, and the max loss per contract is $34, for slightly less than a 2:1 risk/reward ratio. Hold until expiration.
We are revising yesterday's EWZ order to a $22/$20 vertical spread (long the 10/9 $22 puts and short the 10/9 $20 puts), at a limit order of $0.67 per contract. This will give us a max gain of $133 per contract, and a max loss of $67 per contract. Hold until expiration.
This a bearish trade on XME using a 10/9/15 vertical put spread. Go long the 10/9 $17 put and short the 10/9 $16, with a limit order at $0.31 per contract. The max gain per contract is $69, and the max loss per contract is $31, for slightly more than a 2:1 risk/reward ratio. Hold until expiration.
Down Trend Setup If Didn't Break Its Sweet If Break Continue Up Trend Until New Release... I'll Update Once Its Properly Formed !!!
If you saw my post yesterday then you know that I’ve been waiting for a potential short on this pair. (Here’s the video link explaining the trade www.youtube.com) My initial killzone was pretty large and after a brief test of the bottom levels of it, price has rallied back to the top providing me with the opportunity that I was waiting for. The reason I didn’t...
hey, traders. BBS worked very well. I'm going to take BBS profits at D and reverse with the BAT in anticipation of some relief bafore we see new highs. check my latest edition of "Thoughts about bat pattern" to know what BBS is.
HELLO TRADERS, D LEG NEEDS TO COMPLETE AT A 0.886% IN ORDER TO SEE A BEARISH BAT PATTERN COMPLETION. STOPS ABOVE X LEG TGT1 0.382% TGT2 0.618% BEST OF LUCK!!!
Slope Divergence Price is moving up Indicator is moving down Entry short when MACD Histogram cross below 0 line with closed Bearish Heiken Ashi Limit is before past resistance future support at 95.800 Stop will be above high when it forms
There is currently alot of selling pressure right now due to Greece situation and the sell off in China. As a result, alot of commodities are selling off right now and Natural Gas is no exception. Even though price has been channeling the last couple of months, I'm using the fundamental climate as a catalyst for it come down to test the lows with a potential...