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
Going back to the basics on this trading idea.
Suppose you have an AUS200 long position, it is a good time to sell it now, as shown by the Parabolic SAR indicator.
As for me, I'm taking a short position at the break of last session's low.
Short at 5659.
Stop loss at 5724.7.
Target profit at 5500 (2.44x reward-to-risk ratio).
Stop loss: last week's high
Profit target: 200 EMA
Finally! A shorting opportunity for this overbought market.
Stop loss set at last Friday's high.
Profit target at the 200 EMA.
I'm buying GOLD with a stop loss at last week's low and a profit target at 200 EMA.
The ANN strategy flagged a buy signal.
Finally a short setup for the Russell.
The ANN strategy prompted a short signal.
Don't wanna miss this opportunity.
Stop loss at last Friday's high.
Initial profit target at the 200 EMA.
I'm shorting the ASX 200 on overbought conditions.
This reversal trade offers a good risk-reward ratio.
Take profit: 200 EMA
Stop loss: last Friday's high
USDJPY may have gone up too fast.
I'm shorting it, targeting the 200 EMA and stop loss at last Friday's high.
This index seems to be lagging compared to the SPX and RUT.
Shorting the market just doesn't make sense yet.
I'm taking a long position based on the ANN strategy buy setup,
targeting ~4921 and a stop loss at ~4831.
I'm taking my chances buying EURUSD.
The ANN strategy prompted a LONG signal last Friday.
I also like the risk-reward at these levels.
I'll set my stop loss at the low of the past week, and my profit target at 200 EMA.
Looking at the weekly timeframe, the price is now above the 20-50-200 EMAs indicating a strong uptrend.
My stop loss would be 3.82.
I'll take my profits at 5.48, 6.00 and 6.83.
I think PSEi is on its way to retest the 20/50 EMA area.
The bullish run from January's low still looks strong.
The MACD crossover is a weak sell signal.
Go and take your profits.
Despite 2Q missed earnings and the Php1Bil fine for non-compliance with banking laws, I'll take my chances on RCB.
On a technical note, the MACD coming from a buy crossover, is now above the zero-line which indicates a stronger buy signal. Also, the YTD support at around 29.50 is looking strong. I'll have my stop at 28.75 (YTD low).
The yearly support at 6282.87 was strongly held last week. US equities also made a strong finish last Friday, which could potentially give a positive result on Philippine equities come Monday, probably up until the Chinese New Year.
I'm still bearish with the PSEi, though. The 50-day EMA is now being tested. Let's see if this resistance will be held.
Probably the strongest index name in the PSEi, MER has a potential to hit the 340.21 resistance target.
But considering the volume profile (2014 to present), the point of control is priced at 267.97
And adding to the fact that the PSEi is still on a downtrend, this makes me cautious of buying in on the pivot set at 306.13.
In any case, I'll buy some units at ...
The odds are still on the downside.
In fact, it has broken the second line of support at 6282.87
I suggest staying away, at least for now.
Let's see if the third line of support at 5696.97 will hold.
This range trade offers a very good risk-reward ratio.
With target profits at around the critical pivot and support lines.
The Pivot Indicator (Fibonacci) is set on a yearly timeframe.