FollowMyTrades

PRO
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About me Follow My Trades provides free analysis of the financial markets using various technical and fundamental indicators.
Joined Essex, England John_FMT
It's just a balance of probabilities.... http://www.followmytrades.co.uk
Markets Allocation
68 % forex 32 % stocks
Top Mentioned Symbols
EURUSD 11% | 8 AUDUSD 10% | 7 GBPUSD 10% | 7 USDJPY 7% | 5
FollowMyTrades FollowMyTrades PRO USDJPY, D, Short ,
USDJPY: USD/JPY short
76 0 4
USDJPY, D Short
USD/JPY short

Looking at a further short on USD/JPY. Price has failed to hold above 102 and is looking like the daily close will be below 102. Although today was a UK bank holiday I still feel it indicates USD weakness agains the yen. We could see a push towards the descending trend line, however, I will look to short if we break below Fridays close of 101.759. Stop at ...

FollowMyTrades FollowMyTrades PRO GBPUSD, D, Short ,
GBPUSD: GBP/USD - Short 1.318
38 0 3
GBPUSD, D Short
GBP/USD - Short 1.318

Looking for a short at around 1.318. Bearish engulfing bar formed on Friday. Price has stalled at the support level 1.3100. Looking for a swing back to 1.318 before entering. A weak pound keeps me bearish on all GBP pairs for the time being. 120 pip stop, first TP at 120 pips, second TP at 1.284.

FollowMyTrades FollowMyTrades PRO AUDUSD, W, Short ,
AUDUSD: AUDUSD Short Weekly
72 3 5
AUDUSD, W Short
AUDUSD Short Weekly

We have had a pin bar rejection from the 100MA which coincides with the descending trend line. Also we have a lower high below the high in April. The RSI 2 is overbought. On the daily we see a divergence on the MACD over the last few weeks.

FollowMyTrades FollowMyTrades PRO USDJPY, D, Short ,
USDJPY: USD/JPY Short
57 0 1
USDJPY, D Short
USD/JPY Short

Strong rejection from descending trendline, price between 50 and 100MA. Engulfing bar formed after rejection from trendline. Short entry just below today's low of 105.422, SL at 107.500, TP at 100.300 If order does not trigger close pending order until further confirmation of down trend continuation.

FollowMyTrades FollowMyTrades PRO RTN, D, Long ,
RTN: Raytheon - $RTN - Possible long
32 2 0
RTN, D Long
Raytheon - $RTN - Possible long

Raytheon is in oversold territory with a nice pin bar on the daily chart. High volume on the rejection from 120 (strong psychological number and previous resistance) After hours dipped to 118.5 but has since move back up to 120.48 in pre-market. Entry order above yesterdays high. Target 128.

FollowMyTrades FollowMyTrades PRO SN_, D, Long ,
SN_: SN. Potential long position @ 1153.
13 0 0
SN_, D Long
SN. Potential long position @ 1153.

SN. oversold. Held on the 200 MA. May move lower before swing back up. SN. has been trading in the same range for over a year between 1060 & 1200. Pending order at 1153, stop @ 1131. Target of 1200.

FollowMyTrades FollowMyTrades PRO ITV, D, Long ,
ITV: ITV - Pending order - Long @ 269
27 0 0
ITV, D Long
ITV - Pending order - Long @ 269

ITV oversold. Rejection from 50MA with slightly below average volume. If trade is not activated by the end of trading day cancel pending order. Target of 279 - previous high from end of December.

FollowMyTrades FollowMyTrades PRO EXPR, D, Long ,
EXPR: $EXPR - Express Inc - Long
11 0 0
EXPR, D Long
$EXPR - Express Inc - Long

From a purely technical standpoint Express Inc is priming for a long position. We had strong rejection on the Fridays candle which coincides with a strong weekly support and has confluence with the .382 fib. Target is the previous high of 20.70. Relatively tight stop giving us 2.5:1 Reward:Risk ratio. The only fundamental analysis I have viewed are the earnings ...

FollowMyTrades FollowMyTrades PRO FTR, D, Long ,
FTR: $FTR - Frontier Communications - Long
17 0 0
FTR, D Long
$FTR - Frontier Communications - Long

Looking at the chart I can see a cup and handle pattern formed on the daily. Price has now formed an inside bar within a very bullish candle. IMO this is a strong buy signal and I believe we will break the current range and hit 6.25 before meeting the 200MA which may show some resistance. Second target 6.75 to fill the gap.

FollowMyTrades FollowMyTrades PRO NFLX, D, Long ,
NFLX: $NFLX - Netflix - Long
32 0 0
NFLX, D Long
$NFLX - Netflix - Long

After the recent drops across the market NFLX is back at support at 101. Price rejected from this level in the last few hours of trading yesterday. Be cautious with risk management. On the daily charts price appears to have formed a head and shoulders pattern and if we break 101 we could see some accelerated selling pressure towards 90. We will wait until the ...

FollowMyTrades FollowMyTrades PRO GBPUSD, D, Long ,
GBPUSD: GBP/USD - Potential break coming 1.57
40 0 0
GBPUSD, D Long
GBP/USD - Potential break coming 1.57

Looking on the daily charts we could see a potential break of 1.57 this week. Price has been making higher lows and higher highs since May this year. We can see strong support at 1.55. A doji has formed at 1.57. Previous attempts on the 1.57 level on Tuesday, Thursday and Friday have failed to push price lower and it would appear shorts are running out of ...

CIEN: Ciena - $cien - In supply zone
13 0 0
CIEN, D
Ciena - $cien - In supply zone

From a technical standpoint Ciena is in a buy zone reaching the ascending trend line which has been tested twice in the past. We should see a move back up from $22.5 - $23 towards previous highs of $26 in the short term. Yesterday we saw double the usual volume with a doji formed. This shows a battle between buyers and sellers. Price has dropped today but I ...

FollowMyTrades FollowMyTrades PRO DG, D, Long ,
DG: $DG - Heading to supply zone
21 0 0
DG, D Long
$DG - Heading to supply zone

DG is heading towards the buy zone at 76-77. The company has strong fundamentals with analyst consensus target of $83. Price is oversold on the RSI(2). Note that we had a surge of short selling in the last 5 minutes of trading so if your looking to enter now make sure your stop is below the support level at 66.

FollowMyTrades FollowMyTrades PRO GD, D, Long ,
GD: $GD - General Dynamics - Long from support area
32 0 0
GD, D Long
$GD - General Dynamics - Long from support area

GD is in oversold territory on the RSI(2). Price is also in the supply zone so look for long positions from this point. Price could test the ascending trend line at around $140. ER is out on the 29th and previous ER's have surprised Wall Street on the last 3 occasions. This is a strong stock with a strong fundamental basis. The technicals are falling into place. ...

FollowMyTrades FollowMyTrades PRO CTRP, D, Long ,
CTRP: CTRIP - $CTRP - Long from buy zone
28 0 1
CTRP, D Long
CTRIP - $CTRP - Long from buy zone

Price has retraced from the all time highs in May. We are now at the .618 fib retracement. This coincides with previous resistance which should now turn to support. Price may fill the gap, hence my buy zone ranges from $71 - $66.5. I will look to add a small long from 71 and scale into the position if prices falls lower. We saw buyers step back in on Thursday ...

FollowMyTrades FollowMyTrades PRO MYL, D, Long ,
MYL: Mylan - $MYL - Long
78 1 2
MYL, D Long
Mylan - $MYL - Long

Mylan is in the buy zone of previous congestion/resistance. The stock is oversold in my opinion and we should see a bounce back towards 76.5 from here. We had move down yesterday on low volume which indicates weakness in the move and buyers should step back in soon. Look for long entries on open, stops at 66.

FollowMyTrades FollowMyTrades PRO CDK, D, Long ,
CDK: CDK Global - $CDK - Long
21 0 2
CDK, D Long
CDK Global - $CDK - Long

CDK is still within this ascending channel but the last 3 weeks has seen a drop in the price from highs of around $55. If we look on the daily chart price is approaching previous resistance and the 0.5 Fib level. I will be looking to get long from $50 but we could see price go as low 48.5 with a bounce off the ascending trend line. The RSI(2) is showing oversold ...

FollowMyTrades FollowMyTrades PRO ADI, D, Long ,
ADI: Analog Devices - $ADI - Long from support zone
107 0 2
ADI, D Long
Analog Devices - $ADI - Long from support zone

Today we have seen a drop of 2% with below average volume behind it. This indicates to me that this move down is just a small correction and I will look to get a long position from my buy zone which is highlighted green. Quite a simple set up and not much more to say about it!

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USDJPY
US DOLLAR / YEN
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AUDUSD
AUSTRALIAN DOLLAR / US DOLLAR
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EURO / US DOLLAR
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British Pound/Japanese Yen
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