We can see here the target - sourced in the related idea below was successfully exceeded. Was surprised by how strong earnings came in today.
Will be curious about the low tomorrow - don't live in the pivot points but this may be an appropriate time to pay attention to them to find the short term trend. Will our lowest low tomorrow be 2915?
Will be on the...
Not putting my money where my mouth is with my oil TA - not trading it anymore, so take this for 10mins of passing TA.
This looks a bit overdone on the uphill climb, however there is a great deal of macro events promoting this rapid climb. We can see here we are due for a FIB retraement point very soon.
Still see oil in an overall bull trend, that is still...
Long Bias is running strong - however this is a very temporary trade for me. Target here on the April Monthly:
Please be advised the current king trend here continues to be full bull though. I am in a put vertical spread favoring the long side with a probability of profit of 62%. There is a great deal to be bearish...
Hey guys, VERY happy I did not add to longs past $1300! You can see on the related link below I was warning of a better entry due to TA.
On the weekly Kagi we can see there is an opportunity for more momentum down statistically, however when looking at the oscillators we are in very oversold territory. It is at this point that a long position should begin to...
Another weekly SPY update!
--Weekly Trading Update--
Prior week consisted of only two trades - each one was a put vertical spread favoring the long side, one in SPY the other QQQ. All trades ended profitable with 9% avg gains.
Only trading off indices/es indices (Not focusing on any individual equities or commodities)
**Not saying to long $BBBY!**
If this breaks out of this wedge I think it will sharply rise up as there is currently 32% short float.
There is also 32% short float - if this isn't a strong indicator than nothing is.
TA is also telling me bullish conditions when looking at indicators on the daily - weekly actually makes a very bearish/overbought case.
FOSL is currently in a Triangle Descending pattern.
Triangle Descending Pattern
Short Float - 36%!!!
Waiting for it to confirm trendline, and upon retracing will enter a short position through a hedged options strategy.
Really appreciate all the comments and advice! Keep them coming, as those contrarian ideas keep me wary and force me to be more picky in my entries.
Quickly will run through interpretations of technical indicators I use, and will not be providing indicator descriptions due to time constraints.
For those curious, very uneventful week - sat on the sidelines till...
Short and to the point!
Macro's for USD still have to play out with America being the oil king of the modern world. While administration officials will willfully seek to devalue the currency to increase mfg, and the appearance of wage growth, while making our exports more cheaper and imports more expensive. I run loops in my mind concentrating specifically on...
What a day - almost 1am and I'm finally done chart scraping. This is certainly a passion - hope you guys enjoy it.
Great trading week - really only made two trades all week. One non-eventful & the other was an entry on the 28th at 2800 with an exit today at 2827. For a gain of +12%. This was traded with an entry on this inverse head & shoulders.
When I trade...
World of uncertainty - entire world of it
China tariffs talks continue to drag on
Germany - growth slowing
Japan - growth slowing & currency problems
PMI - slowing rate of growth
Car delinquencies on the rise
NK progress, lack of progress, progress
The market absorbs this news & the equities market continues to rise - this is a raging bull...
Hey team, hope this aids as we trade gold together!
I thought I would briefly provide my interpretation of various indicators I use for trading. If you see things differently please advise, I welcome contrarian logic - sway me!
JP (Fed) continues QT - One would assume this would result in strengthening in the USD / DXY
It flies in the face of Austrian...