Idea: Bund continuation long based on bullish RSI swing failure on the hourly chart. A strong break long at the recent daily high of 164.164 could see a move up to the next daily top of 165.55. Cons: The stop has to survive the Monday open. Strong resistance at 164.164 will form a double top. DISCLAIMER: This is where I practice ideas and work on my trading...
Idea: Copper continuation long based on bullish RSI swing failure on the hourly chart. The Daily resistance level 2.966 has recently been broken and seen a pullback. Strength in retesting this level could see a possible upside continuation to 3.08325. Cons: The stop has to survive the Monday open. DISCLAIMER: This is where I practice ideas and work on my trading...
Idea: Blackstone is has been off the recent daily high since July. The short trend on the 1 hour chart is due for a retrace. News might be enough to give the short trend a break as Blackstone has acquired Harvest Fund Advisors LLC as a way to gain exposure to increasing NatGas prices as Harvest invests in U.S pipelines and export terminals. The news of the deal...
Idea: EURUSD returning short based Trend Fibonacci's. Entries based on blue fibs, profit zones marked as fib extensions in green. Cons: Euro news coming in the next hour is low impact but could cause some more upward pressure before the sell off. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own...
Idea: Gold long continuation if the price can hold above 1269.841. It is FOMC day, so this trade could be whipsawed by strong market moves. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take...
Possible bounce at 0.90296, if price sells through,, profit extension at 0.89761 & 0.89556. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at...
Idea: WTI is approaching an area on the 4hr chart that may see short profit being taken in the next few sessions. Strong support at or before 46 will see a retrace long and possible return to the daily trend. A break short of 45.98 for confirmation of continued selling. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am...
Idea: GBPJPY short with profit based on next fibonacci time zone. Expecting strong resistance at 142.493 (fibonacci) for the short to hold. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take...
Idea: EURCHF 4hr chart short move with profit taken with timing (white trend line) DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
Idea: USDJPY returning to the short trend on hourly chart with stochastic RSI over bought and RSI retraced over 60 and holding below over bought. Profit set at 107.53 with no real support expected until 106.65. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to...
Idea: EURUSD returning to long trend on hourly chart with stochastic RSI over sold and RSI retraced under 50 and holding over 40. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this...
Idea: GBPJPY short based on resistance at the fibonacci level 142.134. The RSI has retraced over 50 after being over sold and the Stochastic RSI is currently over bought. The short profit is based on time which is marked with a blue line. One hour RSI over sold at the blue trend line would make a nice combination for profit. Cons: I have been waiting for...
Idea: Expecting the uptrend to slow and retracement before further buying. The uptrend has shown signs of fatigue with lower highs on the 1hr chart. The 1hr Stochastic and RSI are both over bought indicating a pullback is likely. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading...
Idea: Retrace short to 1hr over sold before more buying strength at NFP tomorrow. Cons: Small stop and current buying enthusiasm can whipsaw the trade. DISCLAIMER: This is where I practice ideas and work on my trading techniques. This is not investment advice. Please note I am only providing my own trading information for insight to my trading techniques, you...
IDEA: Measure profit more accurately by time and RSI instead of only using risk reward. CONS: Yen pairs have been ranging aggressively for the past few sessions and may whipsaw the trade. DISCLAIMER: This is where I practice ideas and work on my trading techniques. This is not investment advice. Please note I am only providing my own trading information for...
Idea: EURUSD has failed to break the support zone needed to continue lower to 1.4384. If the price can hold above the current range, in the upcoming sessions we can expect more EURUSD buying strength and an upside of 1.714-1.7362. Cons: Late selling in the Asian session will whipsaw the trade. DISCLAIMER: This is where I practice ideas and work on my trading...
As expected the ECB didn't make any change to its statement on the QE program and when it will wind up. This news sent the EURUSD down before the Super Mario conference that raised the EURUSD to 1.1658. Nothing Draghi said during the conference indicated that the EURUSD should show the strength that it did during yesterdays session. The Move up is largely...
Expectation of a slight rise in Aussie unemployment from 5.5% to 5.6% triggered a pullback in the recently enthusiastic AUDUSD. RBA remains positive on their outlook on the economy and a rate hike is not currently expected this year (dependent of course on the FED). Idea: Short the news and buy the facts. The Aussie is in a strong uptrend and unless there is...