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SPDR S&P 500, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, 12 RETECH CORPORATION, GENERAL ELECTRIC COMPANY COMMON STOCK, INVESCO QQQ TRUST, SERIES 1, ISHARES MSCI EMERGING INDEX FUND
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Thanks to @ZFXtrading on twitter for this idea.
Could be supply issues with this commodity. Look at Golden Ratio fibs.
Been bullish on Wheat -0.18% already for some months. We're in a small consolidation on the longer term but watching for a short term continuation trade going bullish .
Watching for a buy below 5.020 with a target up into 5.065 for the day based on support at the 5.000.
Peace, love, and sweet bamboo,
Note: All ideas expressed here are presented solely ...
Ascending triangle bullish pattern, price falling into an area of support, price channeling upwards on the 1 week chart.
Calculated trend change points
The wheat bubble should take us to the destination
Price made an impulsive break through the 100SMA, should retest at at some point, perhaps after hitting the 38.2% fib level. This offers new entries or added positions. Let's see.
wheat 240m - watch for triangle breakout
Wheat: price over 5.22 should trigger wave 5 impulse wave
I am not a fan of commodity trading but it comes down to opportunity I take whatever is available. Here is the picture of fresh supply and demand zones in wheat which can be played out with proper risk to reward.
Remember trading is only easy when you consider risk to reward like any other business.
There was a strong bounce on the trendline support, hints there is buyers waiting for the dip
Wheat has made a second run at overbought levels this year. We now look to sell wheat on the basis the top has formed and large area of 4 hour supply created. Bounces are predicted to occur on the resistance lines shown on the chart. A nice risk to reward ratio of 3.2.
We will look for a further short position on the beak of 4.60 ish level after reanalysis price ...
For SL/TP pls. see chart.
This is not an investment advise this is just my personal opinion.
Why Wheat and why now. What about Soybeans and Corn.
Looking across the Ags, it seems that Wheat is enjoying the most upside. Why is this. In keeping with my focus on the DMI and ADX, I think you’d have start by looking at the monthly chart of the 3. One of the key tenants of DMI/ADX is that best trades seem to originate when the ADX is below 20 for an ...
So far, I’ve focused on how to get into the market based on the DMI swap in dominance between the +DI and -DI. Once you’re in or if you missed the original entry, how can you get into a trend while minimizing your risk. As I’ve noted before, I’ve not been able to successfully trade on a regular basis but my hope is to use everything I’m documenting here to ...
Setting up a trade based on daily signal using 4 hour chart for timing.
In this scenario, the daily chart had its ADX below 20 since July 3rd. When trading with DMI/ADX, periods of breakout after the ADX has been below 20 for at least 7-10 periods can provide good results. In this case, the 4 hour chart had dropped below 20 for an extended period too.
On July ...
In my first article, I provided a summary of the tools I’m using plus links to some good material that gives more in-depth details of each. As I go through each concept, I’ll refer to the 3 time frames that I will use in determining a trade.
• Weekly: to get the overall bias of the market
• Daily: to identify a day to take a trade or to setup a trade
• 4 hour: ...