GOLD: week 9 kick offHi Guys,
following last Friday's big move, let's see how week 9 commence before adventuring into the jungle of intraday/intraweek noise. Last week price closed below 1300 and momentum may drive price lower than 1290 early on Monday. In this case support at 1276. However price could also travel inside the black box at least until mid-week before deciding which way to go.
As I said in my previous post I am not trading the bounce, nor the continuation of the fall. The move to trade on Gold was last Friday and now it's just time to wait and see before thinking about the next trade.
Thank you for your support and for sharing your ideas.
Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Cozzamara
US Oil: week 9 kick offHi Guys,
...last Friday US Oil hit 58 level again after Trump's tweet but also dropped again to find support higher than previous one at 55.
Price may be entering an horizontal complex correction period between those bounderies (H58-L55) made of a combinations of double and triple threes.
Strategy: Wait & See if the SMA pushes for a potential BC leg of a Zig-Zag attacking 55. An attack to 58 may be possible too if it crosses the SMA but it will depends on momentum and other external factors (i.e. USD/JPY, DXY, economic datas release, news).
Thank you for your support and for sharing your ideas.
Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
GOLD: preparing for week 9Hi Guys,
before we start, in order to understand the bold red line crossing this chart, please click & play the following structure:
Yes! Price dived right into the upper bold red line of the structure where it seems to have stopped now.
As you can see A ends the Bull Run commenced on Aug 16, 2018 before diving right into the upper bold red line of the structure.
The two SMAs cross exactly at 15:00 of last Thursday when price made the "cone up" in the circle.
ABCD may be a completed Zig-Zag and price may be entering a complex correction period running between D and C with multiple crossings of the two SMAs for weeks. On the other hand it may also keep fallin' well below D depending on external market factors.
TO NOTE that price is just below 1.300 which represents an important psicological level.
However, in view of all the above I am not trading the bounce, nor the continuation of the fall. The move to trade on Gold was last Friday and now it's just time to wait and see before thinking about the next trade.
Thank you for your support and for sharing your ideas.
Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
GOLD: Week 8 endingHi Guys,
following my previous post which I strongly reccomend to click & play in order to watch the move unfold and especially to see how price tend to cut you out if you don't get the right timing.
Price moved between the two SMAs for the last time on Wednesday before coming down pushed by the 103 yesterday.
Data reports and news helped Gold exit those boundries and break supports to unfold the move towards 1303, which is a strong support area for the uptrend commenced on Aug 16.
A nice time for positioning was yesterday past 15:00 when price was still above the 451SMA with stop just above the pushing 103SMA. It was still a risk but limited and with bearish momentum building up the risk rewards was in our favour.
Thank you for your support and for sharing your ideas.
Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
DXY: overview Hi Guys,
this market structure captures the bullish run (figure 1) made by US dollar since mid-April 2018 from A to B.
(This is not just Cozzamara saying so but Morgan Stanley, Credit Agricole and Goldman Sachs among a pool of other banks that back in November 2018 thought the greenback’s strength was waning).
And they were all right!
In fact US Dollar Index stopped at 97.67 where it met with a lot of resistance.
Here is the link to the article published by Bloomberg back in November 2018:
www.investing.com
However, in the following months (December, January and February), price moved horizontally below B supported by two higher lows forming a double bottom at approx 0.236 Fibonacci followed by another higher low formed today.
So, If A to B was a Bull Run and its correction is ended, can we expect the US dollar to extend above B?
Figure 1 - Bull Run - Monthly Chart
For a definition of Run please refer to this link: www.investopedia.com
Here is the link to the post I published on Nov 16, 2018. Click & Play to watch the move unfold.
Thank you for your support and for sharing your ideas.
Enjoy:)
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
DXY: wait and seeHi Guys,
after finding support with a double bottom at the end of January the US Dollar Index bounced from A to B. This run was supported by the 50SMA and topped on Feb 15th. After making B DXY crossed & re-tested the 50SMA that is keeping it down. Price corrected approx 50% of the run from A to B before re-testing the 50SMA.
Despite RSI is below 50 line price is reluctant to enter the black bold box.
I would expect this move to happen before or around EU opening on Monday (9 o'clock).
WARNING: top of the box may support price for a move higher away from it. Price may try to cross again the 50SMA for the upside instead of making the expected move.
Strategy: wait and see.
IMPORTANT: If DXY goes towards A means it's weakening. If it goes towards B it's strenghtening. To understand whether the US Dollar is strong or weak may help you find opportunities in other currencies and commodities markets.
If you click & play this idea posted on Jan 31 you will see the run from A to B on the daily chart.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
GOLD: follow up week Feb 25thHi Guys,
I've adjusted the periods of the SMAs by adding 50 to both.
Price crossed the blue horizontal line and is encountering various supportive elements from a technical point of view.
If it crosses back the blue horizontal line in the next 2 to 4 candlesticks I will set up short-term trades targetting the red line when it crosses the 103SMA.
If it does not cross back the blue horizontal line within the next 2 to 4 hours I would set up short entries below the 451SMA targetting the green line.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
GOLD: week starting Feb 25thHi Guys,
arising tensions in Venezuela may escalate following the event organized at the border with Colombia.
I hope things won't get out of hand but if they do, Gold will probably exceed B.
The above chart has been divided in weeks. Vertical lines represent the start and the end of the weeks. The end of next week is marked with finish flags.
During the week starting from Jan 27 price made a high at 1327 after the FOMC Meeting held on Jan 29-30.
In the next 2 weeks that followed, Gold was supported by the 400SMA and moved horizontally before taking off again to make B at 1347.
The high made on Jan 31 was breached last Monday, Feb 18. Price broke the blue horizontal line at beginning of the week, made B mid-week, and closed the week with a re-test of the same blue line. Almost on the 400SMA again, almost at the same level of last high at 1327.
After making B price retraced 50% of the A to B move making a double bottom in divergence with RSI.
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them.
uk.reuters.com
What is your view? If you have already posted an Idea on GOLD please put the link in the comments below.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
EUR/USD vs DXY: XABCHi Guys,
here below the same moves made by DXY:
Thank you for following and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
GOLD: XABCD...E?Hi Guys,
following my related post linked below, here a similar scenario for USD/JPY.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
USD/JPY: XABCD...E?Hi Guys,
following my related post linked below, here a similar scenario for Gold.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
GOLD vs USD/JPY: towards C?Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
USD/JPY vs GOLD: waiting for a moveHi Guys
as alaways please find below the "correlated" moves on GOLD but in the opposite direction:
For potential opportunities please also view the related ideas linked below.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
USD/JPY vs GOLD: some differencesThank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
GOLD vs USD/JPY: some differencesThank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
EUR/USD vs DXY: some movesHi Guys,
as always, please find below the moves made by US Dollar Index (DXY) during the same period. Vertical lines are same dates in both charts.
Thank you for following and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
DXY vs EUR/USD: some movesHi Guys,
as always, please find below the moves made by EUR/USD during the same period. Vertical lines are same dates in both charts.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
GOLD vs USD/JPY: some correlationsHi Guys
as alaways please find below the "correlated" moves on USD/JPY but in the opposite direction:
For potential opportunities please also view the related ideas linked below.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
GOLD vs USD/JPY: D?Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
DXY vs US Trade Weighted Broad DollarHi Guys,
this post is related to the following tweet posted by @EdVanDerWalt.
twitter.com
Starting point: the top made on Jan 2002 by the US Trade Wighted Broad Dollar is = to top made on Jan 2002 by US dollar Index.
Today:
- Top forming by the US Trade Weighted Broad Dollar on Jan 2017 same level as its 2002 top
- Top forming by the US dollar Index on Jan 2017 lower level then its 2002 top.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
SILVER: diverging tops on resistance in RSI overboughtThank you for following and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
GOLD: XABCDHi Guys,
below I will post the link to XABCD made by USD/JPY but upside down. US dollar, JPY and Gold have strong correlations. These correlations makes GOLD move one way and USD/JPY the opposite.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
USD/JPY: XABCDHi Guys,
below I will post the link to XABCD made by GOLD but upside down. US dollar, JPY and Gold have strong correlations. These correlations makes GOLD move one way and USD/JPY the opposite.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.