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BOEING COMPANY (THE) - Long - Ascending TriangleWe are looking BA and we have this ascending triangle in the weekly chart. We'll be monitoring it but its a long term/swing position as weekly movements take a bit of time to develop.
Conservative play: wait for close above 364.73 and long with short below the formation
Entries: 365.17
Target 1: (trailing stop-loss 25 usd / choose your own targets for taking profits)
Stop-loss: 348.98
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Gold - Not as Bearish as it Appears?(Trade this on 1Broker in my signature link for no-fees BTC-settled markets with social trading)
Best part of this trade? Just counter-trade me. I'm from crypto and have no idea what I'm doing (no sarcasm).
This gold sell off so far is low volume and appears to me to have a high chance to simply be trapping weak hands and bad shorts underneath weekly close.
MACD is as bullish divergence as its been since May 16 on the hourly.
Monthly, weekly, 3 day, and daily charts all support a case for continued upward movement, although 12H and under really do not look amazing, you do see bullish divergences starting to manifest on the hourly.
2.11 RR on a higher-probability scalp trade is fine with my personal risk tolerance.
Target around May close at $1297. Stop at $1288 although ostensibly stop is better below 1280 in case they run it deeper and form a higher lows formation for a bounce.
Alternative variation is bullish continuation/squeeze bounce back to $1310~
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Stop the Organ Harvesting Persecution of Falun Gong Practitioners by the Chinese Communist Party
dafoh.org
Simple idea for Bitcoin users: Savings portfolioThis is a simple idea I've been contemplating, specially appliccable for people using 1broker to trade, while holding BTC. If you trade with no leverage, you can afford to have things move down quite a bit before being hard stopped (losing 84% of the position's value), so this lets you keep a 'cash' savings account, holding BTC and some stock CFDs.
(This same idea can be applied to anyone using more proper brokerage firms, simply diversifying your holdings into some BTC exposure as well, but the post is mostly meant for Bitcoin users).
Holding this type of portfolio, you're hedged against fiat money inflation, but you have counterparty risk, since you have holdings at a brokerage firm, so do your due diligence. You can always find more secure alternatives for BTC, like paper wallets, and the like. You can use this simple signal idea I share here, to add to your savings.
Hope you find this idea useful and inspiring, since I'm sure not many of the BTC users, or the 1broker users specifically thought about this application (instead of going all in with leveraged bets).
Cheers,
Ivan Labrie.
ps: this idea is specially good for 3rd world countries, we have horrifically dangerous fiat currencies and general lack of confidence in institutions, and for good reasons.
Shorting the Aussie after key levels taken outThe Aussie closed the week taking out a key support around the 0.7603 level as well as two key trend line support levels off the 4h and daily charts. We are currently coming into a 4h demand level around .75 so a bounce around here is not out of the question.
However, given the weekly close and weakness in the commodities markets following China cracking down on margin trading I would be looking to short any pull back to the weekly support if it now acts as resistance, my target on that would be 0.71.
You can follow my current short setup here 1broker.com