patrick186

PRO
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About me Financial Trader #techsareking
Joined Greenville, SC p_searles
Markets Allocation
36 % stocks 29 % forex 14 % commodities 21 % other
Top Mentioned Symbols
NG1! 7% | 2 TLT 7% | 2 TEVA 7% | 2 NZDUSD 3% | 1
patrick186 patrick186 PRO EURNZD, D, Long ,
EURNZD: EURNZD breaking out of bullish descending wedge
44 0 2
EURNZD, D Long
EURNZD breaking out of bullish descending wedge

EURNZD has broken out of its descending wedge this week... Easiest way to play this is to let price bounce off the 200/250 ema and 12/30/16 (thin green line) to then pullback to the top of the wedge where the 50/60 ema awaits. Fibs should end up being right in that same area. If this plays out we would also begin the formation of a head and shoulder pattern. ...

patrick186 patrick186 PRO NG1!, W,
NG1!: NGAS H&S formation
163 1 4
NG1!, W
NGAS H&S formation

Follow up to first NGAS post.... We appear to be stalling at support (aug 16' and nov 16' lows). High probability we head back up to test the fibs and 200/250 ema to form a right shoulder. Should test Feb 16' low

patrick186 patrick186 PRO NG1!, 3M, Long ,
NG1!: Natty Gas descending wedge formation
253 0 2
NG1!, 3M Long
Natty Gas descending wedge formation

Price bounced off of the upper boundary within the wedge and appears to be forming a head and shoulder pattern on the daily/weekly. We should pullback to the lower boundary and support at the 2012 and 2016 major lows before turning around and breaking out to the upside. One to watch this year!

patrick186 patrick186 PRO TEVA, 3M, Long ,
TEVA: TEVA H&S formation - price preparing to turn
72 0 8
TEVA, 3M Long
TEVA H&S formation - price preparing to turn

The $TEVA chart just keeps getting better and better.... Quarterly chart is rejecting last 2 major lows with a pinbar with stoch RSI overbought Ideally we bounce here to retest the fibs and form a right shoulder before complete capitulation. If the H&S formation is confirmed $TEVA should head down to levels we haven't seen since the 90's ($10 and below)

patrick186 patrick186 PRO TEVA, 3M,
TEVA: Possible H&S within TEVA?
60 0 3
TEVA, 3M
Possible H&S within TEVA?

We appear to be bottoming at the neckline of a potential H&S. This thing is a monster and can be easily seen on the 6 month and yearly time frames. You could buy the relief rally that takes us back up or wait for extra confirmation and sell the relief rally with a formation of that shoulder.

patrick186 patrick186 PRO SCHH, W, Short ,
SCHH: SCHH relief rally stalling at fibs
12 0 2
SCHH, W Short
SCHH relief rally stalling at fibs

Price has been in a relief rally since November which has formed a bear flag right up to the fib retraces. Should break out of this flag to the downside where we'll test the November low at the very least.

patrick186 patrick186 PRO DJY0, W, Long ,
DJY0: DOW keeps blasting higher
56 3 3
DJY0, W Long
DOW keeps blasting higher

We officially elected the key Socrates monthly bullish level at 18625 for November. Now watching for a pullback to this level to jump in and add to my mini position. Major resistance bank awaits at 20764-21252

patrick186 patrick186 PRO GC1!, W, Short ,
GC1!: New lows in gold for 2017?
71 0 5
GC1!, W Short
New lows in gold for 2017?

$GC1! has pretty much proven the 2016 rally was just a reaction high. We'll have confirmation if we close year end below 1307. A close below the 1179 quarterly bearish for year end would raise the probability of new lows DRAMATICALLY. Would be great value if we could get a pullback to the previously elected monthly bearish level (1242.1) and 50/60 ema. That move ...

patrick186 patrick186 PRO TLT, W, Short ,
TLT: Sell the hell out of LT treasuries if we pullback to the mean
66 2 5
TLT, W Short
Sell the hell out of LT treasuries if we pullback to the mean

One of the most obvious trades out there. Pullback to mean would be KILLER value. Will be watching this closely and using Marty Armstrong's Socrates levels for confirmation. There is certainly a chance we continue down further to that next support trend line before pulling back. In that instance we may see a H&S formation occur with the right shoulder at fib.

patrick186 patrick186 PRO GDX, W, Short ,
GDX: Big downside in gold miners (GDX)
76 0 3
GDX, W Short
Big downside in gold miners (GDX)

Seem to have completed a H&S pattern on the weekly chart. Simple extension predicts support around the Jan. 2016 low. Gold should continue to drop for awhile and could quite easily help GDX make new lows. One to watch.

patrick186 patrick186 PRO MA, W, Long ,
MA: Mastercard pulling back to value
25 0 1
MA, W Long
Mastercard pulling back to value

Mastercard is now pulling back to a key area of value. Fib, weekly 50/60 ema's, and key trendlines all come together in that spot.

patrick186 patrick186 PRO COPPER, D, Short ,
COPPER: Copper continuation pattern
70 2 3
COPPER, D Short
Copper continuation pattern

Pretty obvious continuation pattern (bearish pennant) forming within copper. Short term- We formed a inverted hammer candle today at the ascending trendline hinting at a potential pullback to fib before breaking out. If we form a bullish candle tomorrow that'll confirm the sentiment and i'll likely take a short term long entry up to that key fib area. Long ...

patrick186 patrick186 PRO W1!, W, Long ,
W1!: Wheat descending wedge!
124 0 5
W1!, W Long
Wheat descending wedge!

Wheat appears to be nearing the completion of a major ascending wedge that spans 4-5 years. Best way to take advantage of this would be a wide entry with a safe stop once a bottoming pattern appears on the daily/weekly. My guess is we won't see a bottom until late 2016 or maybe early 2017. Martin Armstrong has posted about the global *cooling* (not warming) ...

patrick186 patrick186 PRO USOIL, D, Long ,
USOIL: Oil pulling back to value
43 0 1
USOIL, D Long
Oil pulling back to value

Looks like we should retest support here soon around 45.90~ This area is KEY and consists of the fib retrace, recently broken descending trendline, and daily 50/60/200/250 ema's + weekly 50/60 ema. If we get a decent rejection of support I'll gladly add to my position.

patrick186 patrick186 PRO USDCAD, D, Short ,
USDCAD: Dollar Cad pulling back to value
46 0 4
USDCAD, D Short
Dollar Cad pulling back to value

It appears as tho we're about to retest the bearish wedge we broke out of during the first part of August. We have a shit ton of resistance in this area and appear to be forming a H&S formation as well. Look for deceleration and a rejection of this resistance on the daily and intra-day for confirmation to get short. Ideally this pair tops out at resistance the ...

patrick186 patrick186 PRO NZDUSD, D, Short ,
NZDUSD: Kiwi Dollar short term opportunity
31 0 2
NZDUSD, D Short
Kiwi Dollar short term opportunity

We have finally broken out of the bearish wedge on the daily and *should* begin our descent down to the 200/250 ema's. To get to that level we must first break support at the .71200~ area. I'm waiting for intra-day confirmation on sunday night/monday morning before I hop in. Entry level and stop placement are entirely up to intra-day techs. Position setup ...

patrick186 patrick186 PRO AAPL, W, Long ,
AAPL: AAPL pulling back to HELLA value
120 2 3
AAPL, W Long
AAPL pulling back to HELLA value

Appears as tho AAPL should now pullback to key support for a retest of the confirmed wedge aswell as the fib retrace. You could certainly short this on the way down as well. Look for AAPL to pullback with the S&P500, with both likely bottoming around the same time during september.

patrick186 patrick186 PRO HLF, M, Short ,
HLF: Herbalife H&S formation?
26 2 1
HLF, M Short
Herbalife H&S formation?

Looks to me like HLF is forming a right shoulder within an enormous potential H&S formation. Add the enormous bearish divergence within MACD and I'd say this is a very attractive short.

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