DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
BANK OF AMERICA CORPORATION COMMON STOCK, SPDR S&P 500, SPDR SELECT SECTOR FUND - FINANCIAL, AURIS MEDICAL HOLDING AG - COMMON SHARES, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, INVESCO QQQ TRUST, SERIES 1
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
I entered long on Micron around February of this year at $43.55 based on their intrinsic value of around $88 calculated using Discounted Future Cash Flow but have since noticed some accounting practices which I take issue with within their balance sheets, income statements, and cash flow statements.
I've since further examined their income statements from 2013 to ...
AT&T (T) may be a good value based position to add to portfolios.
Their current Debt levels of having increased over the last 5 years from 84.8% to 111.4% today is a bit concerning though the obligations are covered by operating cash flows by a factor of 23.9%.
The concerns about the debt levels can be offset by the positives of their stable dividend, currently ...
Information regarding my bullish view is provided in the text on the chart.
EURNZD has entered back into its resistance zone around 1.71 for the fourth time in 2018.
I'm watching lower time frames to average into a short position and plan to take profits on the way down to sub 1.68
I'm looking for shorter time frame (15m) to form on SGDJPY in the coming days to enter long within the pair's support zone defined by confluence of trends and historical structure.
Long term structural resistance exists in the 82.5 area where I would no longer be looking to enter long.
A sustained break below the support zone shown on the chart would also cause ...
EURJPY is still ranging with a slightly bullish bias. There is some structural support here and potential to form bullish divergence on the 15m RSI.
The 12h RSI is also showing some complimentary hidden divergence indicating a drive to a new local high. I'm averaging in slowly here so I can cut my losses quickly and as pain free as possible should it break ...
ADAUSDT is calming down some after it's bullish run after it's breakout just a few days ago and in doing so has formed a bullish flag formation.
Targets for a fib expansion of the most recent impulse leg or "pole" of the flag formation are just over $2.00 for the 127.2% and around around $2.27 for the 161.8% expansion.
GBPCAD has broken its bullish trend inside its range held since mid-2016.
I'm looking for some consolidation structure on the 12h-1D timeframes for a short entry targetting the 1.60 area.
Gold has formed a wedge favoring the bullish direction since realizing its bottom in late 2015.
Ideally the SPDR Gold Trust Fund will retest the wedge support between 115 and 117.5 for an entry on a long position taking profit around 145.00 based on the 127% Fibonacci expansion, a value gain of about 25%.
If it fails to test the wedge support and breaks out the ...
Support created by the trend for EURAUD may serve as a starting point for what could be considered a 3rd wave in it's medium term bullish trend.
I'm using a Buy Limit order on the trend support and targetting the highs last seen in February 2016 around 1.62.
The recent pull back has given us confluence between Fibonacci expansions and extensions on LTC.
I'm in from $280 which was an aggressive entry from the 38.2% fib retracement.
The pullback appears to have stop around the 61.8% fib retracement, failing to reach the 78.6% retracement.
The fibonacci extension targets a range of $510 to $645. Within this extension ...
BTC, in its recent pullback retraced to its 50% level which appears at the moment to have held without much hesitation.
Based on these levels, I'm comfortable targeting a conservative level around $25,000, a resistance level set by the lower bound (127%) fibonacci extension.
A more aggressive fibonacci expansion target can bring BTC to levels between $34,000 ...
GBPUSD has peeked out of it's post-Brexit range recently then retraced back into the top levels of that range.
A pullback soon to the pair's previous month-long consolidation area around 1.32 along some trend support lines could present a good opportunity to get in long targeting pre-Brexit consolidation levels between 1.38 and 1.40 conservatively with more ...
EURGBP has potential to be forming a good set up for a long based on creating a new wave segment by rebounding off it's short term trend support (red line). Watch price action when it nears the line for a possible long entry and look for a target above point (3). If the trend line is broken and that break is sustained I would consider this idea invalidated.
After breaking out of it's weekly range, GBPJPY encountered some pre-Brexit structure and turned back down to retest the previous range resistance. A sustained bullish path this week and next week could reveal some opportunities to look for long entries on lower time frames. In case some long opportunities do come up, some areas of interest might be this years ...
I've had NZDJPY short since 81.892 and have been managing the position since. I took profit, closing half of my original position just as I set up a subsequent order to add to my short should it continue down from a break of a bearish flag formation (it did). As you can see I quickly entered another short term trend break to again add to my winning position, this ...
EURJPY has retreated from and consolidated near its recently formed highs around 131.000.
I'm looking for a break of the pair's recent short term trend to sell down to 125.000, the area of structure created from May to June of this year.
A break of the descending trend of the recent daily peaks would cause me to cancel this Sell Stop Order.
I hopped in on an AUDCHF short last week due to structural resistance on the weekly charts. I've closed part of the position now and moved the original SL to just below BE. I've also put a second order in to grab a bearish continuation at a flag breakout as shown. The pending order is the same lot size as the recently closed part of my original order but with ...