Today is a interesting day that both AUDUSD and USDJPY broke the inside day @ NFP earlier in Asia session. Despite not having very strong momentum by the time it broke, an intra-day AUDJPY short still interests me! So here we got this 4hr supply zone short trade, kinda a low risk trade with the out @ the inside day high. Let's see how it goes yo!
As mentioned before, T has been the lagger of the defensive sector . It hit the 0.618 since 2008 @ 29.60 a few while ago, and formed a daily double bottom finally! What's more, the entry of the 2618 will be at the 30.00 fig spot! Accordingly, I will be very interesting in this trade! Let's see how it goes!
XAUUSD has an inside month in November. Basically the direction it breaks will pretty much influence how it closes in 2018. While, there are still many intraday trade opportunities! Here we got this inside hour after a significant structure breakout to turn bullish, so here are the plans: 1. take the inside hour breakout long 2. wait for the pullback long off...
X had pulled back to the 0.618 of the 6.15-47.6 rally! Yesterday it had a quite strong bounce off that and formed a daily hammer! I'll be interesting in taking the long yo Let's see how it goes!
BTCUSD had a inside day after new pivot low, which is a no-brainer short if its able to break to the downside! Aline with the perspective in my last BTCUSD idea, the weekly bullish bat would be around 2800-3000. Even if it's clearly that there aren't so much room for this inside day breakdown, to take on a momentum train is still one of my favorite trade! That...
(BGM: Yesterday once more) This pair is a very good vehicle for carry trade, but in terms of carry trade, of course we still need stop loss and appropriate profit taking. "Every trade should have an entry and an out" If carry trade works, we can earn interest at the same time; if it fails, the interests could recover some of the risk. That's totally different...
When it comes to a big slump like this, the most interesting thing is people ask much more on "when could we buy" than "how to get on the falling train". --Just like the USOIL slump recently. That is, I don't really buy the concept that noobs always chase high and sell low these days; for my observation, it's totally the opposite way! The time when I'll look...
The sector rotation kinda turns back to some of the tech stocks yesterday, some bullish set-ups worth some attention. Here I got this AMD, which I haven't posted its idea for a while. It's forming a bullish bat pattern after hitting the 0.618 spot, and it hasn't really tested the entry yesterday. I will still be willing to look for reversal sign in front of the...
GBPUSD trading recently has so much to do with these harmonic patterns! The bat previously with a 1.2700-1.3170 run basically we can imagine many harmonic patterns traders were having parties then. Right after that bat, here we got a back-to-back gartley right here with already a 70 pips run,too, which can also be a Friday short-term long trade. While in the...
I posted so much less stock ideas this quarter as generally I like to long stock that I'm willing to invest, and look for bullish set-ups. While even I'm still bullish in so many names, but there aren't so many bullish set-ups in this market. Wait a minute, defensive stocks are big exceptions and perfect choice for bottom-up strategy recently, and it's more than...
Gold just had several harmonic patterns in a row, here we got a nice little one down there @ 1215 spot! Still willing to take this long as an intraday trade! Let's see how it goes!
The previous EURUSD AB=CD+0.618+supply zone+shooting star+1.15fig combination trade worked greatly! Here we got another spot with so many important combination: 1.1165-1.1185 The most significant 0.618 since the rally from 2017, a important daily bullish butterfly, and a previous demand zone! Definitely worth a couple of long trades there, let's see if we...
In daily chart, 1.07 of this pair is the daily demand zone and AB=CD combination spot! It already had some bounce with the 1st touch, and formed this bullish bat pattern. An interesting trade as the Dollar being so choppy recently! Let's see how it goes!
When the stock markets encounter larger fluctuation, people deposit their cash from the high-risk stocks; at the same time, if there is not really a financial crisis yet, still there will be some re-investment risk, that's when stocks like PG and MCD start to be the major focus! Here we got the daily shooter after its Earning report, a good long if it breaks to...
Dollar is having some nice pullback here, which provides potential sell-high trading opportunities! Here we got this 4hr supply zone, AB=CD , 0.618 fib retracement combination short with a 1.1500 fig spot. So many convictions to take this trade! As a with-trend trader as always, I still would like to wait for reversal sign there to be the final trading signal...
Basically in this hourly chart, we won't be too interested in taking long as there were bearish pattern and double top above; What makes me turn to this pair that's not even on my watchlist? Inside days! Both AUDUSD and USDCAD have inside days yesterday, AUDUSD already breakout a little bit and USDCAD in right at the corner. As a combination effect, a AUDCAD...
The 2618 trade of the Hindsight challenge was AWESOME!! NGAS finally hit the entry of the bearish bat with a strong gap up on Monday morning Asia session! With the 3.500 fig combination, I'm willing to wait for 4hr reversal sign here for a short trade! Let's see how it goes!
EURUSD is at daily demand zone above the 1.1300 fig but not really want to short US Dollar, that's when I'll be focused on some other minor pairs to long EURO! Here we got this back to back bat pattern(good rhyme huh), and tomorrow will be the non-farm payroll numbers, if the market can have enough fluctuation to bring EURCAD to the 1.4800 spot, I'll be...