EurAUD short with great risk reward ratioWe are on a bearish trend, big resistance lvl around, ema 14 and 50 crossed, 61.8 % fib on the resistance lvl
CALL
Trade Log NIFTY April 25NSE:NIFTY Opened gap down because of negative news.
1. It filled the gap.
2. Then it fell down to create low of the day.
3. NIFTY did not have great breadth. Bank NIFTY was down 3%
This type of action likely to continue. Hence I am holding short positions on NIFTY going to the next week.
Trade Log NIFTY April 22Today NIFTY's move retraced 200 points after initial flat opening.
After move down tomorrow, I was expecting range bound action. NIFTY kept on moving up.
1. Overall Advance Decline ratio is near 1 to 1.
2. NIFTY gains largely due to Reliance and Zee Entertainment.
Tomorrow is expiry day. It is interesting to see how NIFTY reacts to level of 9250.
EURBP CLOSE TO RESISTANCEHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, that the pair is very close to its 1st Resistance. It went up after consolidating for a lot of time and is now close to its 1st Resistance
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
Trade Log NIFTY April 21NIFTY Opened gap down below 9040. Then slipped below 9000.
1. Today's fall was on bad global news.
2. I do not think that this is just one day fall. This is likely to continue tomorrow.
3. If it closes below 8821, then the possibility of lower low in place.
I am not holding any positions tonight.
I was holding sold Calls at 9400 and 9300. I covered those today.
My weekly view is still in place , key level to observe now is 8821.
And overall, 9400 Level, which was highlighted in Monthly Review still holding as intermediate top
Trade Log NIFTY April 20The range bound day. As I expected, NIFTY is chopping around key levels like 9300.
9:45 Initial Selling from 9385. Clearly establishing as resistance.
11:00 Follow up moves after selling is missing.
11:30 Selling around 9300. Crossed Low of the Day.
01:30 Consolidation in the range. Wait for breakout
03:00 Last Hour Selling.
From Price Action , I think
1. The selling force was higher. But for every selling move, there was no follow up.
2. For now, 9385 - 9350 region is a resistance zone.
3. In last 10 days, there is common pattern - Gap up but face resistance. I think NIFTY may not gap up but rather build strength from downside.
Hence I am carrying the sold CALL overnight.
SDC - Smile Direct Club - LONG Open Above trend line - Look NowSmile Direct Club looks really good breaking this line lets see if it holds
Trade Log NIFTY April 16Expiry Day today. I had sold OTM calls 9400, 9300 and 9100.
This was mainly because.
1. NIFTY reversed sharply from resistance zone between 9250-9300.
2. I think the reversal was strong and made lower low on daily frame.
3. The monthly trend still remains bearish and weekly trend is sideways.
No new trades today. Overall traded as per plan.
1. NIFTY reversed from the opening and then held the opening level.
2. The Overall movement is less and INDIAVIX is below 50 now.
Trade Log NIFTY April 15NIFTY opened gap up. But There was no momentum on the upside. Then the fall was sudden. This is possible change of trend. NIFTY is back in the range now.
AUDUSD IN ASCENDING CHANNELHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As per our analysis the pair will reach its resistance line as it is in Ascending Channel. Also we can see that there is a crossover of the 50 and 200 days ema.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
AMC - Long Buy Possible X2-X4 ProfitsI think AMC is a steal right now you could wait till it hits resistance and sell again, however I would be worrisome the virus ends and you may not get a second opprotunity. Also AMC is a stock I feel as if has great sentiment and has been around for a very very long time. At minimum 30% gains.
My opinionated option or long term buy in is around 2.08-2.20. Both levels will be a 3rd or 4th restest of support. If it holds we should be good to go.
Downside opinion: somehow virus drags out, news gets worse and you see it tank to 1.50-1.60. If you are longing though even 2.08 to 1.60 isn't the worst seeing as that support level should have a major bounce. I would set alerts and see if support holds if it breaks support set the next alert in that 1.50-1.60 range.
Thoughts?
NYSE:AMC
NASDAQ:GLDSY
NYSE:DOW
AMEX:DIA
ALGN Short Play $200 to $210I think there can be a play made either options or short term from $200 to right at about $209 seeing the ascending triangle forming. Then I would watch extremely close, if it breaks you can have some even larger gains, but I think at least it will make a sell off and maybe consolidate or bounce around in the 200-210 range once hitting $210. I would look for candle opening above $199 or buy on first retest.
CRUCIAL POINT FOR USDJPYHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
USDJPY is now at a crucial point as its close to its resistance level. if it breaks the resistance line it will go up towards the upper Resistance. If the pair falls back then it will come till the Channel Support then go up a bit and fall down till Support.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
#Nifty - simple plan - Bearish BAT wait to Buy/long at 7850 - this will be your setup
after the bounce & rejection at the top - Flip short/sell
HL $4 callHL has been consolidating pretty hard for past week and two creating a range while in an uptrend with emas. The MACD is showing a reversal is already happening with a major move next month. I’m going long with a target of $4, yet we could see a long term target of $6.
The $6 option is in September and is a speculative with gold breaking out and with silver looking to breakout. HL options have a chance to become the biggest oppuritunity with the Strike at Lucky Mind ending in earlier this year, along with expansions of new mines.
The EPS is also going up which shows they are making money, yet they are heavily being shorted atm, yet with the average cost of the institutional investors around $2.36 per a share. I see it going higher in the near future.
VISL Small High Risk Position52 week Divergent lows, on high buy side volume.
First areas of interest I will look to sell are weekly resistance at $1.45 and monthly at $3.
Chart is a death spiral. Only someone absolutely insane would touch it right now.
If it breaks lower I will take the loss. Keeping position size small enough that even a drop to zero from here carries max 1% risk. Worth it. Break below $0.1995 is a sign that it is still headed lower.
IBB - Biotech BounceWhats up Traders -
Stealing a CNBC idea, but i like it and agree with it. Biotech has bounced back to its past highs. IN all liklihood we will bounce around here for a bit -
Entering a Call Credit Spread
1 x 123.5 Call Sell
Jan 31
1 x 125.00 Call Buy
Jan 31
Have a look and see if you. Best of luck.
- Nix
TLT - Potential Long SetupQuick setup that i am watching (but not going to take due to portfolio skew is already net short)
Ticker: TLT
Position:
- March 20th 2020 Expiry
- $137 Strike Call
- Delta = 0.70
- Cost = $4.18/ contract (mid offer)
Profit Target/ Exit:
- Initial target = $144
- Exit = close below the daily 200 SMA
$ROKU short term playYesterday showed very strong bullish movement for ROKU after support was found around $130. The bears kept the price down today but we are now resting again on moderate support around $134.
If the bulls make a strong move I think we could see a gap up to the 50 dma around $142.
PSX Good long stock due to strong reversal patternsReversal of a steady downtrend will occur due to hitting previous resistance and a key resistance line. The RSI is approaching oversold and the stock is very good to be watched and bought at the moment.
Square Options Play (Strangle)Got in this today before the breakdown. 66 calls and 62.50 puts. Seems like a move to 63.50 support is in the cards, if not 63 or more. Will sell PUT when up 100%+, thinking the power move will be in the call on a bounce. This can go $3-4 in a day no problem.
