CRInvestor

CRInvestor

On the 1hr BTCE chart the 200sma + Trend channel top + OTE short ss seems to be too much for her to overcome. Fail here paints 2 imediate targets. 1. small bear ab=cd point D at 50% retrace of entire rally. and 2. OTE long sweet spot (if you believe these lows are going to hold) 428 area...lets see how she sets up into Sunday evening / early Monday morning. If my...

CRInvestor

Today I noticed a very interesting setup in BTCE that I thought it was worth mention. As traders we are constantly hunting for 'setup' that we can rely on. I was taught the above mentioned setup may years ago and it still seems as relevant today as it was then. If a double bottom in price occurs and the distance from the breakout-point to the 50% level is more...

CRInvestor

Since the end of the S.F. convention and the BOC ban on new BitCoin deposits, price itself has been slowly working its way lower within a very well defined price channel. On a 1hr basis, BTC-E has been slowly climbing its way off the bottom of the indicated channel and looks to be trying to test the top of it. A test of that top would bring price back into our OTE...

CRInvestor

Continuing the theme of my most recent post, here is an examilation of SPY's price action into weekly options expiration. Today's price action in the popular ETF, SPY is quite understandable if you look at it from a derivatives perspective. Since the advent of weekly expiration options, one can get a reasonable idea of where institutions want prices to end up at...

CRInvestor

Today's price action in the popular oil ETF, USO is quite understandable if you look at it from a derivatives perspective. Since the advent of weekly expiration options, one can get a reasonable idea of where institutions want prices to end up at 11:00 AM pst three out of the four Friday's of each month (monthly expiration has a game plan of its own). Today, USO...

CRInvestor

As has been pointed out on the 4hr chart, Crude Oil broke down violently today from a rather well defined trade location (double top off a 61.8 Fib tag on the higher time frames). here then is the 15m chart so we can see how violent today's washout really was. Indeed, as a 'range' trader I quickly hit my personal loss limit today as one by one key support levels...

CRInvestor

Energy prices have broken rather hard over the past eight hours, so much so we have actually done some serious technical damage to the charts. Considering we rallied up to kiss the bottom of the Optimal Trade Entry (OTE) Short zone, momentum was divergent and our Willy was officially 'stupid overbought', it should not surprised us to see this kind of price action....

CRInvestor

Amid the turmoil of new fundamental drivers (IRS & BOC) the crypto-currency market has failed to hold the bullish enthusiasm that prevailed a short time ago. Heading into the San Francisco convention price was moving higher and so too were spirits. We were threatening to break out of this rather wide channel (refer to chart) on healthy volume That quickly fell...

CRInvestor

The recent sell-off in BitCoins has cast a shadow over this entire market. From IRS 'capital' rulings to an outright ban on the use of the Cryptocurrency by the Central Bank of China, it would seem everything but the kitchen sink has been thrown at BTC of late. The end of the San Francisco convention was indeed the last exit widow (sell on the news) but just...

CRInvestor

Today' tutorial was all about higher time frame analysis and patients in waiting for anticipated targets to be hit. After some analysis of support and resistance coupled with the application of the Optimal Trade Entry (OTE) principle we came to the conclusion $375 looks like an interesting area for the bulls. Considering that is still almost $100 away and our...

CRInvestor

Every once in a while it is good to refresh our view of the US Dollar index and where it currently sits within its 17.5 year fear/greed cycles. We entered our current 'fear' cycle shortly after the dot.com blowup near the turn of the century. We are now 14 years into that cycle and are fast approaching its peak (expected Q3'17). Sadly, based on a few Fib studies,...

CRInvestor

Today's tutorial session was all about long term viability. While it is one thing to have a sound fundamental idea, it is quite another to have a good trade setup. Ideally, as rational investors, we only want to buy when both fundamental and technical indicators are pointing in the same direction. Unfortunately, while the fundamental story for BitCoin still seems...

CRInvestor

Today's tutorial session was spent examining my volume / money flow tool, the On Balance Volume (OBV) indicator. In this example, notice how price broke initially yet OBV did not. When price broke the uptrend line with a corresponding double top fail on the OBV the short really worked. If my charts help you, or you use my indicators... please consider a BTC...

CRInvestor

Last September 21st, CRI issues an OnlyDoubles trading alert on Sugar #11. Specifically, buying the October, 2014 $.20 call options at 46 cents or better. That translated to roughly $515.20 ($11.20/pt) plus commissions. Considering the time value alone I thought this was a good idea. Add in some realistic technical targets and this was a veritable 'no-brainer'....

CRInvestor

Friday's are an especially fun day for me because the market often gives you a nice little treat. That being the fact that quite often buying the Euro close and holding into the weekly options expiry can translate into a nice little stack of money for the weekend. Today's price action in USO (Crude Oil ETF) couldn't demonstrate the setup better. The market put in...

CRInvestor

As the world gets ready for World Cup 2014, both the Brazilian Real and Brazilian companies are starting to get the market's attention. Gafisa SA, for one, is a name that might do quite well should a broader Brazilian themed rally occur. Gafisa itself is a Brazilian housing company that got torn apart through the 2008 housing crisis. Interestingly, while many...

CRInvestor

In what can only be described as dramatic (and maybe even a little capitulate-ory...is that a word?) price action, BTC-e saw double digit percentage losses today as a plethora of fundamental events have hit the market since the end of the San Francisco conference. The end of that event should have been a warning sign (sell on the news) and indeed price headed...

CRInvestor

On nice momentum and volume, price for crude oil has recently resolved higher. It has previously touched our '1st stop' 38.2 fib target and needed some time to decide if it really was bullish. That decision seems to have been made and a serious test of the Optimal Trade Entry (OTE) short zone (61.8 to 78.6 fibs) ought to be expected. Additionally, that level also...