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Gold to Break Higher - watch these levelsThe chart shows where major support and resistance is, and is there to indicate the trend. On smaller time frames you'll notice that Gold has over the past week firmly stayed at 1275, rather than dipping lower. The fact that this is happening near a turning point in a major downtrend may indicate that this an early signal to get long. If Gold moves above 1300, this would have broken the pattern of 'lower highs' over the last 12 months. The technical i.e. price action, always drives my core view. But we could support this view with a few factors: 1. Trump has responded to N Korea's aggression with an announcement that almost certainly spells military action 2. With 9 consecutive record high closes on the Dow, and coming off levels of all-time low US equity volatility, investors may be more inclined to rotate into Gold 3. August to September is a seasonally weak time for most equity sectors
COMEX:GC1!Long
by MVedra
Rudimentary Elliott Wave Analysis for GOLD - Long TradeThis is another basic Elliott Impulse Wave pattern applied to a long-term long trade idea for Gold. This analysis is very similar to my Siacoin Elliott Wave idea but applied to a different asset class, so I've linked that idea in case you want to check that out and compare the two. This chart is over a 15+ year period and should be treated as a long-term investment strategy. This idea will remain valid unless price crosses below the $1035 mark, which is the top of wave 1 and will invalidate the entire pattern. If you look closely at the naked chart, and I strongly encourage everyone to do so, you will see that the bottom of wave 4 comes very close to the top of wave 1. During that period, price came down to within $6 - 7 of the top of wave 1, but price did not touch that number. This is very important as often waves come very very close to being invalidated but are not. From that point, price has bounced again ans formed a higher low, suggesting the beginning of wave 5. There are many different ways to make entry and manage risk in this trade, and this time I'll leave that the discretion of the individual. Gold price gapped up about $20 on market open Sunday evening and this is also encouraging, as the market has been recently rangebound. The $1250 mark is very significant, as this is a leverage point for mining corporations where in the COSTS of mining an ounce of gold become profitable, and those corporations begin to mobilize their assets in the pursuit of profits, which has a self-reinforcing effect on the price of gold. Be wary of paper gold schemes and vehicles that involve a lack of physical or legal possession of the underlying asset. Contracts for Difference are derived from the price of the underlying asset but trade in their own markets and are thus subject to their own price movements. Happy Hunting Everyone.
TVC:GOLDLong
by Piptocurrency
12
Position before next BreakOut **Dividend**Fundamentally HSBC is confident that their internal investment of process amelioration was a success which wil make the company a lot more efficient with regards to future challanges coming due to the automation revolution. Investors seem to believe and started buying the stock back. HSBC was always paying a nice dividend and so are they this year. Conservative investors may wait until trend confirmation a new breakout. More aggressive may buy 1/2 now, TP on the BO. Buy back into 1/2 at BO level and buy another half in the support. Strategy: Better than 50/50 chance on capital gain for mid-term Dividend payment Potential Options hedges to increase your income on this opportunity
NYSE:HSBCLong
by LorbeerInv
Copper: CUUUSD Another weak Dollar play for next 3/4 days' tradeCopper: CUUUSD Another weak dollar play. Ideal is to buy any dip in Tokyo and rely on dollar weakening ahead of Thursday. Then sell it off the parallels above and go flat (which one depends on your own appetite for risk/reward) and wait to see if the upper parallel can be broken (unlikely on first attempt but you never really know) and if/when it is broken go long again as per comment. Maybe it will happen and maybe it won't. But ask yourself this: would YOU really be wanting to hold USD between now and Thursday if you had the choice? Here's the thing: you do have the choice. You can hedge or you can do nothing.
CLong
by sumastardon
EURUSD: A good hedge, and a valid tradeI have a powerful signal here, bought breaking yesterday's high today. I had given up on Euro longs, and sold in disgust, which is a strong 'self-contrarian' signal. Whenever it happens, take heed, and act with haste after the market breaks a previous day high or low, since your exit. If you don't take the trade back, you will probably face one of those times when you exit a trade at the bottom, to then see the trade go your way without you...so, why face that irritating feeling? Fade yourself, when we're emotional, we're a reflection of the 'herd'. Fascinating huh? Good luck, Ivan Labrie.
Long
by IvanLabrie
18
AUDUSD Bearish Cypher Pattern Re-entryJust shorted the AUDUSD @.7660, I've been eyeing the Bearish cypher pattern on the daily for a while and was actually short this pair but ended up stopping out for break even after the Fed's rate decision. Luckily I hedged the position against the USDJPY and made profit on that pair. So here we go again, hedging this position again the USDJPY this time! Fundamentally I believe the dollar will gain some strength, and I believe this is a good set up from a technical standpoint as well. Stops are above HOD (If I'm wrong I don't want to eat into my profits from USDJPY, which I am still short) Targets are at previous structure, although the .382 retracement on the Cypher is also a viable option
Short
by eightpac
PGRE - Potential Upward channel reversal Short trade from $18PGRE is running within an upward channel. If it gets up-to $18 to its upper Channel line, this could be interesting in the short side. As $18 is a major resistance label as well. We think it can reverse from there & can go all the way down to $15 area. * Trade Criteria * Date First Found- February 28, 2017 Pattern/Why- Upward channel reversal & breakout Entry Target Criteria- short between 18.00 and 18.05 Exit Target Criteria- Momentum ($15.20) Stop Loss Criteria- $18.40 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:PGREShort
by AcornWealthCorp
JACK - Support breakdown short from $92.77 JACK looks pretty interesting short setup. It had a huge decline below MA200 & holding this support now. Moneyflow has plummeted. It has huge downward potential if it can break the support label. * Trade Criteria * Date First Found- March 2, 2017 Pattern/Why- Support breakdown Entry Target Criteria- Break of $92.77 Exit Target Criteria- Momentum Special Note- We would consider $95 April Puts @ $3.60 or $95 Jun Puts @ $6.50 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:JACKShort
by AcornWealthCorp
TUP - hedge your longs with Feb 55 putsOn January 13th and 17th, Smart money built up almost 5,000 contracts of new open interest in Tupperware Brands Feb 55 puts. Using Friday Jan 13th's cost of $2.40, break even stands at $52.60 -- basically at the recent support confirmed during the last two weeks of December. These Feb 55 puts include earnings and will profit should earnings disappoint or if recent bullish technicals fail to confirm and the stock price resumes it's downtrend from its Oct 2016 highs. With the stock price recently breaking out of a downtrend and recapturing the 50 day moving average, I am bullish as long as price stays above the 50dma, but watching for a Failed Breakout Reversal to join the Feb 55 puts.
TLong
by Eli