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Gas Fib Retracement - Long Order Entry: $2.407 TP & RR: $2.549 (3.38) Stop Loss: $2.365 REASONS FOR THE TRADE So far Gas has respected the Fibonacci levels twice, leading me to believe that we may see a bounce from the 0.236 level and a potential reversal. We also have a descending trendline, which I am not sure how well will be respected, but it's worth...

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Oil Lower High - Short Order Entry: $53.55 TP & RR: $51.05 (2.38) Stop Loss: $54.60 REASONS FOR THE TRADE Oil has entered into a bit of a range recently, but the formation of the lower high on Friday makes me think that we are about to see another lower high, which should then form a lower low. This is where we will be looking to take profit. The Stop Loss...

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France 40 - Short Order Entry: €5,659.6 TP & RR: €5,569.7 (1.7) Stop Loss: €5,710.8 REASONS FOR THE TRADE Typically this isn't a trade I would take as the RR is less than 2 and I consider those unfavorable. However, the price may form a lower high and I want to take advantage of the action if that is the case. The SL is placed just above the previous high....

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Oil Descending Channel - Short Position Entry: $53.16 TP & RR: $51.61 (2.77) Stop Loss: $53.72 REASONS FOR THE TRADE Similarly to my previous trade idea about SPX500 from today, I am placing an alert at $53 and I will be patiently waiting to see how price action develops. You never know what's been going on in the traders' and investors' heads over the...

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SPX500 - Short Position(s) Entries: $3,784.4 / 3826.8 TP & RR: $3,728.8 (3.29 / 4.12) Stop Loss Levels: $3,801.3 / $3,850.6 REASONS FOR THE TRADE I think it's time for the SPX500 to take a break from this bull run. As such, I am expecting that price will reach either of the two levels that I would like to short. The Risk:Reward Ratio is favorable and the...

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Considering it's Friday today, I decided to post a general analysis on Oil as opposed to a specific entry-target-stop loss idea as I usually do. I refrain from keeping positions over the weekend as a lot can happen and I don't want to be overexposed. So, if it's not a setup that I feel very confident about, I rarely open trades on Friday. With that being said,...

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Gas Climbing Up - Long Position Entry: $2.715 TP & RR: $2.877 (3) Stop Loss: $2.661 REASONS FOR THE TRADE So far price action has formed a diagonal trend line, so I believe if it respects that level the price should bounce up and head towards a double top. There's also the possibility that we don't get filled and the price starts trending up without us,...

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OIL BUY ORDER Entry: $52.71 TP & RR: $54.66 (4.88) Stop Loss: $52.31 REASONS FOR THE TRADE If you followed my trade idea from yesterday, then you know that I was expecting either for the price to bounce from the lower trendline and then start trending up or break through it and take a deep dive down. While the position is still profitable and you may choose...

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Oil Short Trade Entry: $53.76 TP & RR: $52.41 Stop Loss: $54.51 REASONS FOR THE TRADE So far Oil has respected the channel and I believe that it is now reaching a point of exhaustion. This upper trendline from the channel is also in confluence with a fairly strong resistance level, so I believe a small pullback is due. The Stop Loss is well above the...

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S&P 500 Long Trade Entry: $3,807.4 TP & RR: $3,871.4 (2.29) Stop Loss: $3,779.5 REASONS FOR THE TRADE Building upon yesterday's SPX500 trade on which we got stopped out, I am once again trying to catch a bounce up from the lower trendline in a channel. This time the SL is set much lower and I am not a big fan of having such a wide distance, but I don't want...

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BTC Retracement - Short Trade Entry: $38735.57 TP & RR: $32983.12 (3.38) Stop Loss: $40435.15 REASONS FOR THE TRADE BTC has finally started to show some weakness (as hard to believe as this may be), so I am expecting the price to retrace back to the 0.236 level and then continue with the downtrend to at least 1.618 Fib Level, which also aligns with the CME...

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Gas Upper Trendline - Short Trade Entry: $2.845 TP & RR: $2.693 (2.08) Stop Loss: $2.918 REASONS FOR THE TRADE After the breakout from the descending channel, we see the price sliding up an inclined trend line. However, the price is now reaching major resistance and I believe there will be a small pullback before potential continuation to the 1.618 Fib...

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Honk Kong 33 Short Order Entry: 28,267.8 TP & RR: 27,881.1 (1.5) Stop Loss: 28,525.9 REASONS FOR THE TRADE I hate to open a position against the trend, but I believe that the price will respect the upper trendline and reverse to test the lower trendline. The Stop Loss is set just above major resistance, so if we do get hit it's very likely that the price...

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France 40 Ascending Channel - Long Order Entry: €5,668.1 TP & RR: €5,760.5 (1.89) Stop Loss: €5,619.3 REASONS FOR THE TRADE Again, this is a trade that I would like to take, but will not due to already having enough positions. However, I am sharing this idea for those of you looking for a trade setup, especially if you are trading FR40. This is a similar...

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S&P 500 Ascending Channel - Long Position Entry: $3,795.3 TP & RR: $3,873.6 (3.26) Stop Loss: $3,771.3 REASONS FOR THE TRADE I believe the price will respect the lower trendline in this ascending channel and will continue trending up. Initially, we had the order at a lower level, but it seemed that we wouldn't get a fill, so we trialed it up. Needless to...

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GAS Testing Support Level - Long Position Entry: $2.566 TP & RR: $2.673 (2.49) Stop Loss: $2.523 REASONS FOR THE TRADE This looks a lot like the infamous " market maker method ", so I am expecting the price to continue trending down even below my entry zone. The logical question is then why are we opening a long trade? Well, if this support holds and I...

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UK100 Ascending Triangle Long Position Entry: £6,861.3 TP & RR: £7,036.9 (2.21) Stop Loss: £6,781.8 REASONS FOR THE TRADE Unfortunately, this is not a trade that I will take since I already have enough positions for the day and my system prohibits me from being overexposed. From a technical point, this seems like a sound trade - testing lower trendline in...

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Oil Ascending Channel Long Position Entry: $51.69 TP & RR: $52.87 (1.59) Stop Loss: $50.95 REASONS FOR THE TRADE After breaking up at the ascending triangle, Oil has now formed an ascending triangle, testing the lower trendline. If it holds I believe that it will make a higher high and potentially trying to test the upper trendline or at the very least do a...