This vid completes the one prior to it, and shows trade management, and how to go about protecting entries accumulated at pivot levels on a daily basis in a trending environment, until "reasonably" calculated target projections are secured.
Sterling yen is breaking out in a secular uptrend. As shown on the vid, the opportunity cost becomes minimal, and being...
This ia a strategic approach to trend (wave-3) trading. In this vid, the strategy is explained, and in the next one actual trade management will be dealt with.
Keep volume level on the vid to 50% or slightly below to avoid static cracks, and enjoy the best audio results.
Comments and questions are all welcome of course.
All the very Best & stay safe.
The breakout signal (green arrow) showing on the CCi is Valid secular uptrend breakout signal. The last time this occurred was back in 2013, and resulted in a move from 128 to 195. (47% appreciation). Back then it was the second wave of QE by global central banks to support equity & asset markets in developed economies. This time around the same central banks are...
There was a breakout of the shown diamond pattern last Friday.
If there will be follow through, subsequent bearish motives should seek Wave-V (RED) Targets.
I am selling the shown fibs & up till 0.940/50 for 0.9330/0.9270/0.9220.
Take Care & Stay Safe
In momentum - as a rule-, by labeling momentum extremes made in any motive bull / bear advance as (w/3s & w/5s). The trader can round up the internal waves in any advancing motive. The USD/CHF count shown above is validated on the same principle. By going down to smaller TFs the internal motives in a correction were also segregated to add up to the above...
There is a rounding bottom pattern confirmed on the 4-Hr chart
Buy Market in (10)k s all the way down to 1.1365. Stop 1.1290. Target 1.1460 then 1.1570
Rounding bottom is a very strong pattern, & this one is confirmed.
Take Care & Stay Safe
Oil futures for August expired last Friday. And even though traders should have been clearing long contracts before expiry, price failed to drop < $40. (prices barley spiked to $40.06 on Thursday & $40.11 on Friday).
This shows that producers / suppliers are providing massive price support @$40 levels. There will be No serious re-test of $40, before $47-$48 is...
Last Friday witnessed rejection at the lower Elliot channel boundary.
A 9-wave Elliot extension has now partly completed, and will confirms once negative momentum breaks on the 4Hr frame. (very probable, as there is already trending -ve momentum on the Hr frame ). Amend targets for short holdings as follows:-
Once $36.00 is broken, pace an SL on all holdings...
I expect the above bear motive count to have effected (15-min chart above). - a local H&S is building up in 3iv
I am planning to improve my short portfolio as follows:-In case there is a spike in prices (wave-4)
Sll 10k @ 38.80
Sell 10k @ $39.30
Sell 10k @ $39.60
In case there is a spike in prices (wave-4)
Sell 10k @ 40.30
Sell 10k @ 40.50
Already holding 0.8...
Leg - A of a correction appears finished. -ve Momentum on 15 min frame is not sufficient to warrant an extension in this correction.
I therefore expect to see a Leg-B to the $41.60 region, followed by an extended grand "C" in A-B-C formation to my desired targets <$36-$34>
OR possible still to see a muted "C" after the coming "B" into the $41.60, then an "X" and...
Expect the ending diagonal (whose strength I had previously underestimated) to continue until ($42.20-$42.50).
This should then complete the uptrend in wave 3v or a wave-5.
Currently holding 0.8 contract short averaging $37.52.
Amend (10k) entry short limits from < $41.40-> $41.80 > zone to the < $42.30, $42.40, $43.50, $43.60, $43.70 > each entry at 10k to a...
Expect the correction to be concluding in an ending diagonal formation as shown on chart.
There is still a mild chance to see <$39.3/66> in a spike of leg-e, though I don't think it will materialize.
Hold shots averaging $37.52 <36.70-38.40> for a 1.2 standard contract size to target $32.50
Add 30k short entries @ $39.30/40/50 (if / when seen).
If short entries...
All short limits should have filled to a short holding of 1.2 standard contract - averaging $37.325
Position dynamics explained on chart.
I will be implementing the Risk Assimilation matrix outlined on the chart (Black box).
This is a money management technique used to securing a position without the use of stop losses.
Currently place limit sells at
accumulate limit long for 1/2 contract size as follows
limit 10k buy @ $36.00
limit 10k buy @ $35.90
limit 10k buy @ $35.80
limit 10k buy @ $35.70
limit 10k buy @ $35.60
limit 10k buy @ $35.50
Target for all @ $37.80
No stops - prepare to hedge shorts @ $34.00. Risk : Reward, about 1:1.
Don't chase the market. If you miss the trade, remember its a Friday, and...
The current leg of the down trend appears finished, and ran between ($40.4-$34.21).
Its 61.8%-38.2% fibs are between $36.74-$38.10.
Incremental Limit sell orders covering these values, should have already been placed on standby in the past idea. (I think it was idea#18). Target $33.00
Add the following short orders to engage, if prices break > $39