Majority of my past analysis have been specifically evaluating the ETF SPY . I've noticed some slight difference between ETF and SPX index causing me to dig a little deeper. Also, since I have been taking the view of expecting a ranging market this year with a bent towards the bear side, I thought I would challenge my thesis and make the bull argument. ...
Long @ 114.059 Expect it to be a fairly quick trade.
Have had a bear view. Expect further significant decline before reversing. Ultimately, I expect GBPUSD to fall to ~ 1.372 before reversing (see 1W chart below). I'm scaling in because I'm not completely convinced the recent correction is over. Also I potentially will hold this short position for an extended period of time and I expect there will be...
See post regarding current active EURJPY trade I like trading within triangle patterns like this. They have well defined resistance and support and you can make money trading both directions. Had a very successful EURJPY trade week of 2/7 going short 130.60 for close to 200 pip gain. I traded the descending triangle pattern after resistance held. NOTE -...
Active trade. Long@.77587 Will manage. Some mix signals and upcoming resistance. 1W Chart 1D Chart
Original long entry plan never developed. AUDNZD pulled back to support and this set up has nice risk/reward. It's just a quicker trade than original plan and i'm using the 1H chart versus 1D.
Entered too early yesterday and ended up manually closing position @ 127.177 for 70 pip loss. Long again, 1/2 position @ 126.846. This is still a more aggressive entry point due to lack of confirmation. There is however RSI divergence and we are at a strong support. Blue dotted path and red dotted path are 2 possible scenarios I am watching for and when...
Have been waiting for the last 20+ hrs for a pullback. I would like a long set up with a better risk reward.
Road the wave down. Now time to ride it back up. See 1D chart. - Support held. (Pin bar off strong support.) - RSI divergence
Took my profits Friday (see orange/yellow short sale on chart) because I rarely keep trades open over the weekend. I would have kept the trade going but because of limited trading time, i closed the trade early. Now I am looking for the right opportunity to get back in. 1D Chart Below - Downside movement looks to just be picking up momentum. 4H...
See chart. We could have a great selling opportunity in next 2 - 3 weeks. Expect USDJPY to retrace. Assuming 121.59 holds (and I doubt if it will really even be tested), sell with TP around 108.
EURUSD Looking for a correction. 1. Bear Bat completion. 2. Wave 5 completion 3. RSI bearish signs 4. pin bar at resistance 2 TP shown on chart. I believe they are conservative targets.
Potential Bearish Bat, however different PRZ depending on where formation begins ("X"). Blue bat is straight forward. The issue is "B" closes above 50% which makes the bat invalid by my guidelines. Purple bat meets all requirements. PRZ is around 200 pips higher. Both PRZs correspond to resistance zones. Which would you trade?
Long @ .77631, SL = .7725 & TP=.78600 TP reached. Time in trade ~13 1/2 hrs. Will continue to look for additional opportunity S.T. as EURGBP continues towards expected targets.
Long term charts for SPY are very bearish. Currently trading at strong support area. Most recent testing of support, SPY fell through support slightly and had a week correction. Much more bearish price action than two previous tests. Now it is quickly testing the support again. Another bearish price action. Bearish price action also on Monthly chart...
Previously I posted about the Bat formation on the WKLY chart that completed the week of 7/13/15. (See Below) TP1 has not yet been reached. The above WKLY chart shows the recent resistance hold ~.7755 and is currently retracing. Momentum is still to the upside and substantial strong support starting ~.7495. With that being said, there still could be...
Quick trade. Lower expectancy, but favorable risk/reward. Sell limit order placed at 1.08910.
This is not a trade yet. Bullish Bat completion on weekly chart. Had a nice increase already from PRZ, but still could have a great long entry upcoming. Possible long entry between .7552 - .7486. That is a big range and if I trade it will be most likely using 4H for entry and exit. I'm looking for a testing of the support zone around .7488.