freddie1996

freddie1996

I have just gone long on Gold, I think the bottom is most likely in now. High reward trade, and my conviction on this one is over 50% chance. 15R expectancy on this one. (30R*50%)

freddie1996

I'm very confident in this idea. I believe the bottom is in, structure has been broken and a clear range has formed with confirmation price will now rise. This is good for a long term investment and also a trade idea in which you can gain over 30% until the first target. There is also a dividend of over 5% on this stock which makes it great to hold long term...

freddie1996

I think we are most likely seeing a false breakout in Gold. Recent dollar strength has sent dollar base pairs in the FX market (e.g. EU, GU) down however it is has not impacted the gold price. Dollar going up generally means a risk off environment is more likely and we have not seen that impact Gold yet. Essentially there is a divergence between dollar prices...

freddie1996

I believe Gold is close to bottoming - we may see a short term move down on Gold due to dollar strength, however I believe the cyclical effects of Gold entering into a bull market will overpower the impact of Dollar strength weakening risk on assets. The entry zone at 35.56 may be broken as it's possible a stronger move down in Gold will happen first. This could...

freddie1996

I am taking a small position on this Gold short to hedge the idea of dollar weakness in September which in theory should drive Gold prices up. What would be nice to see is a dip in Gold while dollar goes down and then we will have a nice case for a divergence setup when Gold finally bottoms. But taking a small position here as it is a hedge to long positions I...

freddie1996 Updated 

Oil Short 50R High risk high reward trade idea. NFI. Elliot Wave + DXY as confluences.

freddie1996 Updated 

High RR trade Elliot Wave Strong signs of commitment to the downside.

freddie1996 Updated 

106RR Oil Short TP $67 Again, the higher time frame commitment is bearish so looking for lower time frame opportunities to enter. Last two recent trades on Oil have been losses. This one is also high risk, but if it fails I see another opportunity to short a little higher up. I am confident though we will move down to at least $67 though. Just a matter of...

freddie1996 Updated 

37R short opportunity on Oil. Last 3 shorts have been stopped out.

freddie1996 Updated 

Incurred 3 consecutive losses on Oil shorts now. I see a couple more short opportunities coming up if this short fails. I like the one highest up the most. Will have to confirm both with patterns for them to be valid.

freddie1996 Updated 

62R Oil Short Opportunity. Scaling in to existing short position. High risk reward.

freddie1996

31R trade on EURCAD. Entered with a limit order a few moments ago but didn't have time to post the setup. I have 50R on it, but I think 31R is still great risk reward with a good chance of it playing out.

freddie1996

I think HEX may have bottomed. 12,000% move possible if price returns to ath. 410R trade.

freddie1996 Updated 

11R trade Just to enter at market. Limit order not required. Strong signs of momentum and it seems like market has lost strength to the downside.

freddie1996

I'm looking at two possibilities. Either gold reverses soon, or we had up a little bit further and complete the blue pattern and reverse there. I am not recommending a trade on the first option as I think that is very low probability, but if the one higher up happens and the pattern is still valid (not expanding), then I believe there is a good chance of...

freddie1996

40R Long idea. Expecting CAD to weaken. I'd only risk a very small amount on this trade as I'm already in a long position and continuation trades are more likely to fail imo.

freddie1996

30R EURCAD trade idea High risk reward. Expecting CAD to weaken.

freddie1996 Updated 

Looks like previous idea will be stopped out. Noticed two patterns forming so this is the new trade. 25R