Solid LT up trend. (See 1W chart). Potential swing opportunity. Options look rather inexpensive right now. Will evaluate calendar spread, diagonal, or a call spread that provides a little time for the trade to develop. 1W:
I've owned ESRX in the past and have enjoyed significant growth. It is now priced (based on evaluation) where I would be interested in buying again. It is a good company, financial strong, and has a strong track record. Technically, recently bearish, but still overall trending up (L.T.). Broke 68.06 support. If 65.55 is tested and holds along w/ bullish...
XIV Long XIV @ 20.50 - VIX futures are back in contango (currently 4.5% from F1 to F2) - SPY broke through resistance validating double bottom (see chart below). Although there are some upcoming resistance, SPY has momentum behind it. My assumption is VIX futures will remain in contango as a result. - Since 1/20 SPY has increased ~9.6% where as XIV has...
Recently posted watching this after Butterfly completion. While it is still not overly compelling short entry, the set up is better since last post. I'm short but only a 1/2 position at this time. I'm going to keep a tight SL. Chart has my entry, SL and initial TP. Due to upcoming resistance, i'll watch action at those points.
Quick trade. Short@1.11664, initial SL=1.11950, TP=1.1076 Adjusted SL to 1.11328 Considering closing trade early before TP depending on price action in the next 30min - 2 hours.
Simple set up. Break in trend line support. Supportive price action. It does have some upcoming resistance it will need to break through. Could see a correction to ~.75500.
Potential Bear Butterfly completion. HOWEVER, not yet a trade set up I want to enter. I'm looking for a rejection of a key support or additional evidence supporting a reversal. 1D: Key Fib Levels: 1.618 ~ .76366, 1.41 ~.75346, & 1.272 ~.74635
EURGBP at key trend line support. Bullish price action off of support. A more aggressive entry point. More conservative would be to wait for confirmation of new HH/HLs. This is also more aggressive entry because minimal confluence. I went long @ .7788, S/L=.77520, initial TP = .78420 Price action has turned more bearish on lower time frames after entering...
EURGBP correcting. probable 5th wave count. Short@ .78488 1st TP = .77955
USDCAD has had a long run up followed by a correction the past several weeks. I would be careful about being too eager to play the long side. 1M: Look at the price action on the 1M chart. Strong rejection off resistance, bearish price action following, bearish divergence, etc. 5th wave count completion at high. I'm already short and will add more if...
Good risk/reward. Clearly marked support. Price action reversal. Potentially take profits early.
Trade already closed. Short@123.79, took profits at 123.014
FX:USDJPY Correction after significant USDJPY drop. I've already entered this trade. More conservative entry would be to wait for further confirmation of a correction (another HH). I expect at least a short term correction. I may push extend the TP on the chart and add to my position if I see further confirmation. 4H:
GBPUSD is approaching the target (PRZ) I posted January 19th. In a matter of days, we could see a huge 400-500+ pips move up. Still have about 170 pips till it reaches the top of my expected zone. Of course this is far from an exact science. Even so, I'll stick to cautious intra-day trades until it's time to to go long. Expect volatility to increase as...
NZDUSD See chart. With in trend (higher periods indicate range &/or consolidation). Series of HH/HL. Candles indicating possible completion of another HL. Placed limit order.
Watching for a good long entry. Initial estimated target is little less than 1.1200.
I'm limited on time, but I believe the chart will paints a clear picture. The strong (key) support continues to hold. Just had a recent double bottom. A close above 193.5 - 194.6 indicates a potential move higher and future selling opportunities. My holding period for SPY trades (options) is typically 30 - 90 days. Because of that I am looking for selling...