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DBA

POTENTIAL TRADE SET UP FOR ETHUSD (LATE UPDATE)PLAN 1. Short ETHUSD from 1206 to 985-908. Take profit at any point you feel is enough there. 2. Wait for a pullback to 1145-1180 price range and get ready for another short targeting 833. - Once price reaches the 980 price region in the green box , wait for a breakdown. -If the price rejects the box and closes an hourly above the green box then put stop loss at entry. (Wait for a trade update) -If it Breaks and continues moving down TP at 850-833 region. 3. Place long orders at the 789-742 region(One scalp order and a positional order ) -Scalping positions should take TP at 988-1000 region. -Put the positional order's stop loss at entry and wait for the breakout above 1000 targeting the next green box INFO - 30-50 % correction during a bull run is normal and healthy for the market. - Ethereum below $900 is cheap. - Ethereum on road to $2000 Signing off, THECRYPTONIZER
COINBASE:ETHUSD
by Thecryptonizer
7
POTENTIAL PULLBACK PATTERN FOR BTCUSDPLAN - After the JP Morgan News about BTC, the price started pumping because that is the biggest bank in USA. - If the price closes below the $31300 or FIB RETRACEMENT 0.786. - The price might have pullback to any of the three target. INFO - Trade shorts cautiously, with the support of the hourly EMA. - The link to the CNBC news of JP MORGAN: www.cnbc.com - Yup, during recession period people would search for a safe haven to store their money. BITCOIN IS THE DIGITAL GOLD AND THE FUTURE CURRENCY ... SIGNING OFF, THE CRYPTONIZER
BITSTAMP:BTCUSD
by Thecryptonizer
4
TBT - Next Big Mover?Without too much noise, interest rates appear to be creeping up. In comparing with other trading instruments I watch, it appears to have the biggest potential for a move. As the rising rates indicate an increase in inflation, I've also had my eyes on a few commodities. Inflation has too long been downplayed but we all know the reality of inflation because we are exposed to the reality, not the engineered inflation figures that show there is none. Soybeans have looked interesting (SOYB). Also watching DBA for a broader commodity play. Oil as well. Started taking positions in some like XOM. Could be testing a long term low. Politically, the oil industry appears toxic but such fears often prove to be great buying opportunities. I'm taking some shots here across the inflation spectrum.
AMEX:TBTLong
by Glewis54
1
TRADE IDEA: DBA APRIL 20TH 18/20 LONG CALL VERTICALMetrics: Probability of Profit: 38% Max Profit: $140/contract Max Loss: $60 contract Break Even: 18.60 Notes: With the underlying at all-time lows, going for a small directional shot. Going out to April to attempt to take advantage of potential seasonality. Fills look to be pesky, with the bid/ask on this setup at .55/.65 (mid .60) ... . I would also note that the short call isn't taking much off the top in terms of debit paid (bid .10/ask .15), so this may be one of those cases where you might just want to go Plain Jane long call (bid .70/ask .75) and not cap out max profit with the shortie ... .
AMEX:DBALong
by NaughtyPines
4
DBA weekly : have some patience...DBA had a retrace after breaking out of this declining wedge. I am now watching price behaviour around this base area and setting some alerts ( 21.00USD ). If the macro assessment is correct we should see Agrobusiness follow the pro-inflation-fear environment, which means that precious metals, commodities and Agrobusiness should provide considerabel gains in to 2017 and 2018. Long-term appreciation expected. However one has to have enormous patience. Once the big players catch up on this ( they did already in Gold and Silver ) we should be well positioned.
AMEX:DBALong
by docibby
DBA and the DollarRecent declines in the dollar have previously lead to large rallies in DBA. As of yet the current decline in the dollar has not done much for DBA, however I anticipate this to change soon if the dollar continues the current pull back through the summer. A retest of the ~88-89 level on DXY may be coming and if so, DBA may break out of the current down trend which started with the dollar rally. The declining trend line noted on the chart represents about ~17% gain and would be a reasonable target.
AMEX:DBALong
by SMP99