Firex8

Firex8

Looking for a pullback into bear channel after the strong selling of 10-year bond futures from Friday's job report. Yields jumped today, so I would think there's some buyers coming into US session. At least there's a decent chance.

Firex8 Updated 

Well, last trade did not go well... they appear to be seeking a higher area, so I'll try a re-entry short to get some money back. "Chart Idea" trading is not really my thing, but I'm giving it a try and see if I can't get better at it. A lot of what I do is very real time and I make a lot of adjustments, so this is a challenge for me, but I'll keep at it. Anyways,...

Firex8 Updated 

Tesla gap down upon negative earnings. There looks to be more room for a push down, and it looks better to sell before considering buying. I think the buying will come around, but it will be lower closer to the red line.

Firex8 Updated 

Been in a bull trend for some time, and doesn't look like a situation where you want to sell. Earnings coming out, but they have been only positive in the recent past so a go with the flow type of trade . In a bull trend like this, you don't want to go against it.

Firex8 Updated 

Looking for 1 more leg down at least in a bear channel. There are premises for both long and short, but if I have to choose into this next session, we go bearish. This is an Asian session trade. There was a lot of strength with Yen as of late.

Firex8 Updated 

A quick trade seeking downward movement. I think there is a lack of momentum upwards, and it has sat around for 3 sessions, so there is a bit more edge towards downward movement.

Firex8 Updated 

Some bullet points breakdowns: Fundamental metrics looks good. It's not a bloated stock... Not overpriced, poised for nothing more than upside in my view. Debt to Equity is not high either. SAG-AFTRA/WGA strikes have resolved and the lack of earnings I think it's safe to say are connected to the strikes. A potential merger between Warner Brothers Discovery...

Firex8

Big earnings report causing large gap up, price testing an ascending wedge and creating a set up for a failed breakout of the wedge. Two inside bars, with first bear bar being a fairly strong close against the gap within the hour. It will be hard to fight in this market environment (pig market/relentless buying behavior around fed rates... seems to be the theme ...

Firex8

Backed by some of the largest hedgefunds. They made huge returns most likely, I know Blackrock did since Jan '23. Top R2000 component. Debt to Equity low, which kept the buying going. However, Price to Book ratio has been climbing and climbing. In other words, it's fundamentally overbought. They made a ton of money, and will be looking to take their profits....

Firex8

This is what bulls are probably looking to hit (the red line), and potentially beyond that.

Firex8

Broke my Last Stop so just following the buying pressure.... seeing where it goes.

Firex8 Updated 

Rallied up to retest a major level (Sept Swing High .. ~74.490) and coming back into this ceiling towards the end of Monday's Us Session. We have Australia RBA Governor Lowe speaking 15 minutes before London open, so something to watch out for, but Supply and Demand dictates there may be bears in this area, particuarly after a failed breakout during US Session as...

Firex8 Updated 

There's a case for a short from this point, and if it's right it's a good entry for the potential profit.

Firex8 Updated 

Near Support and it is probably going to go up. Basic Supply and Demand, in this case the demand zone is in play so they will want to buy.

Firex8 Updated 

It seems to have broken out from the stop on the last chart (NQ short) and looks to be a break out. Pretty strong to take that position, so have to see where this goes.

Firex8 Updated 

This already had two moves down, so likely there will be a third.

Firex8 Updated 

The buyers seem to be battling over this territory with the sellers, but from seeing the sellers coming in earlier in the asian session (1 Hour chart), it would seem that there could be more of this selling coming in to turn down price in a very wide channel- practically a range (Daily chart). AUDJPY is running a bit counter to the Yen buying on USDJPY, but I...

Firex8

Preliminary GDP Q/Q came out today under expectation a little bit, and the yen buyers were willing to put in a little bit earlier. A strong engulfing bar on 5M (17:00 UTC Bar), with sellers immediately below it, which indicates yen buying order flow (They are placing sell stop entries below that level and subsequent signal bars). There is a 3rd test to the upside...