Regnevathe2nd

PRO
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About me I use trendlines to trade. Charts drawn will be in play and will continue to stay in play until it trades out of it. This is also a reason why my updates are few and far in between. No point putting the same chart over and over again.
Joined
Markets Allocation
29 % forex 24 % stocks 6 % indices 41 % other
Top Mentioned Symbols
GBPUSD 23% | 4 FX:XAUUSD 17% | 3 TLT 11% | 2 OANDA:XAUUSD 5% | 1
Regnevathe2nd Regnevathe2nd PRO GBPUSD, D, Long ,
GBPUSD: Potential Long GBPUSD Trade
49 0 4
GBPUSD, D Long
Potential Long GBPUSD Trade

Long GBPUSD if i) 1.27549 is not breached by today and ii) GBPUSD trades above the blue trendline. T1: 1.28291 T2: 1.2946 (only if 1.2903 is breached with strength) T3: 1.2988 SL: 1.2749 The trendlines that I have drawn have been in play and will continue to stay in play until GBPUSD trades out of it. This is also a reason why my updates are few and far in ...

Regnevathe2nd Regnevathe2nd PRO AMZN, D, Short ,
AMZN: Shorting AMZN
45 0 5
AMZN, D Short
Shorting AMZN

Shorting AMZN is hazardous, however, looking at the price action, it is possible for AMZN to test 890 and if it fails, to eventually go lower to test 868. At least, this is what the trendlines say is possible. Stop for the trade is 911.50. In summary, Target 1 (T1) = 890 Target 2 (T2) = 884 Target 3 (T3) = 868 Stop Loss (SL) = 911.5

Regnevathe2nd Regnevathe2nd PRO GBPUSD, 240, Long ,
GBPUSD: Tracking GBPUSD Daily trade on 4 hourly chart
59 0 7
GBPUSD, 240 Long
Tracking GBPUSD Daily trade on 4 hourly chart

Using the 4 hourly GBPUSD chart to track the daily trade. Some trend lines have shifted due to the smaller time frame used. The targets here will supersede the daily chart ones projected.

Regnevathe2nd Regnevathe2nd PRO GBPUSD, D, Long ,
GBPUSD: LONG GBPUSD on Daily Chart
53 0 5
GBPUSD, D Long
LONG GBPUSD on Daily Chart

Long GBPUSD on a bounce off purple trendline. Target 1 = 1.2576, Target 2 = 1.2705, Target 3 = 1.2910. Stop loss is 1.2450. Use the red trendline as a gauge on the strength of the move i.e. if GBPUSD moves past red trendline with ease, then targets 2 and 3 look to be achievable.

DJI: DOW, which way will it go now?
53 0 2
DJI, D
DOW, which way will it go now?

Short the DOW too early and your head will be handed to you on a platter. Right now, the DOW looks to be distributing at the top. However, a break will see it head to 20100+ and a push higher will see DOW to even loftier levels. A move lower will see it testing 19700+ level. A failure will see it go to 19300+ at least. So which way will it go? Well, let's wait for ...

Regnevathe2nd Regnevathe2nd PRO XAUUSD, 240, Long ,
XAUUSD: Another Gold Trade on the 4 Hour Chart Presents Itself
83 0 5
XAUUSD, 240 Long
Another Gold Trade on the 4 Hour Chart Presents Itself

A follow up on the gold trade which concluded when it hit 1207. Now, another trade presents itself. Looking at targets of 1220, 1230 and 1260 for this trade.

Regnevathe2nd Regnevathe2nd PRO XAUUSD, 240, Long ,
XAUUSD: Trading Gold on the 4 hour Chart
92 0 5
XAUUSD, 240 Long
Trading Gold on the 4 hour Chart

Still on the hunt for gold to hit 1197 sooner than later. Trading on the 4 hour chart is usually not something that I'm comfortable doing, but since the opportunity presents itself, I'll have a go at it. Stop losses and target are reflected in the accompanying texts as shown in the chart.

Regnevathe2nd Regnevathe2nd PRO TLT, 240, Long ,
TLT: Trading TLT on the 4 hour Chart
46 0 3
TLT, 240 Long
Trading TLT on the 4 hour Chart

Going long on TLT at 119.30 (around bottom of uptrend channel in blue). Stop loss is a daily close below 117. Target is 123 and then 124-70 - 125 depending on where the channel resistance is at the point of the push up north. Hope this is not too difficult to understand Chart looks a bit cluttered as there are several interpretations of the chart depending on the ...

Regnevathe2nd Regnevathe2nd PRO XAUUSD, D, Long ,
XAUUSD: Gold Daily Chart
74 0 3
XAUUSD, D Long
Gold Daily Chart

From the daily chart, gold would need to challenge and exceed 1165 convincingly before a push to 1190+ (orange dotted line) can happen. Hoping for a push to 1165, followed by a shallow retracement and then a push to 1190+.

Regnevathe2nd Regnevathe2nd PRO XAUUSD, W, Long ,
XAUUSD: Gold at a crossroad ... Up or Down?
77 0 4
XAUUSD, W Long
Gold at a crossroad ... Up or Down?

Weekly chart for XAUUSD. Blue lines represent support and red lines represent resistance. Long term view is still gold bullish as 2015 low (at 1046.23) and 2008 low is not violated. The orange dotted trendline represents a possible view for gold to bounce off here and test the nearest red trendline resistance. Target is about 1220 in the weeks to come. If the ...

Regnevathe2nd Regnevathe2nd PRO TLT, D, Long ,
TLT: Is the bond riot over?
61 0 3
TLT, D Long
Is the bond riot over?

After such a steep and brutal sell-off, the technical picture for TLT in the longer term still remains intact. This move that began in 2014 will not end like this, what with interest rates at historic lows all over the world. The FED can claim to hike in Dec, but I never focus on what they say, but rather on they do. Just try and remember what they claimed to do ...

Regnevathe2nd Regnevathe2nd PRO GBPUSD, 240, Long ,
GBPUSD: Tradable Bounce for GBPUSD
48 0 3
GBPUSD, 240 Long
Tradable Bounce for GBPUSD

GBPUSD is behaving quite nicely along this channel on the 4hourly chart. It can potentially go higher to 1.26 and then 1.28 if the move has any legs left. For now, we look to GBPUSD hitting 1.2540 or thereabouts.

Regnevathe2nd Regnevathe2nd PRO USDTRY, 240, Short ,
USDTRY: USDTRY, A Rampaging Bull In Need of A Breather
109 1 5
USDTRY, 240 Short
USDTRY, A Rampaging Bull In Need of A Breather

USDTRY has been on a tear with all the issues in Turkey and the Eurozone. But it looks as though it is going to take a breather at these levels before resuming its uptrend. Going short on a very extended move up north in the past few days. Generous stop level accompanied by a very much scaled down position size. Let's see how this trade pans out.

Regnevathe2nd Regnevathe2nd PRO XCUUSD, W,
XCUUSD: Breakout in Copper ... A Sign of Global Economic Recovery?
47 0 4
XCUUSD, W
Breakout in Copper ... A Sign of Global Economic Recovery?

The price of copper is a good proxy for economic activity and hence the health of the global economy. Am tracking the price of copper for signs of a an economic rebound in the days ahead. My guess is the breakout in price is just a blip and prices of copper will soon fall to lower levels as we head into the new year.

Regnevathe2nd Regnevathe2nd PRO USB30YUSD, W, Long ,
USB30YUSD: 30-YEAR T-Bonds - Down, But Not Out
21 0 3
USB30YUSD, W Long
30-YEAR T-Bonds - Down, But Not Out

The first support for the 30-Year is 152 (purple line) and the next is 146 (green line). A turn anywhere above 152 in the days to come will signal a bottom and a potential run to 162.

Regnevathe2nd Regnevathe2nd PRO DOWI, W, Long ,
DOWI: How high can the DOW go before it finally corrects?
119 2 1
DOWI, W Long
How high can the DOW go before it finally corrects?

Although one should pay attention to the divergence between HYG and the DOW (see my earlier published idea), a look at the weekly chart of the DOW suggests that if the present strength persists, we are likely to see much higher prices before any meaningful correction or change in trend sets in.

Regnevathe2nd Regnevathe2nd PRO HYG, D, Short ,
HYG: Divergence Between HYG and DOW Presents A DOW Short Opportunity
19 0 2
HYG, D Short
Divergence Between HYG and DOW Presents A DOW Short Opportunity

The breakdown in HYG even as the DOW is making new highs suggests a divergence that can only be reconciled with a correction in the DOW. Note the extremely high volume in the down days for HYG, which serves as a confirmation on the downside. If the FED really does raise the Fed Funds Rate in December (which I think to be unlikely), we will see another steep ...

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