COT Strategy - Gold ShortDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
SHORT
Gold (GC)
My COT strategy has me on alert for short trades in GC if we get a confirmed bearish change of trend on the Daily timeframe.
COT Commercial Index: Sell Signal
Valuation: Overvalued vs Treasuries
Extreme Positioning: Commercials most short they have been in last 3 years = bearish. Only thing that would be better is SS's making an extreme in long positioning, but no luck with that yet (but something I'm watching).
OI Analysis: OI has been increasing on up move since June. When OI increases, we need to ask "who caused the OI increase"? When it is caused by Large Specs & Small Specs, it is bearish. In the case of Gold, it is being caused by LS & SS's, which is bearish.
Spread: Bearishly diverging.
ADX: Diverging, implying the trend lacks integrity.
Supplementary Indicators: Acc/Dis , %R, Stochastic & Momentum (not yet triggered)
Remember, this is not a "Short Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the downside, which we will participate in with a confirmed Daily trend change to the downside.
Good luck & good trading.
M-oscillator
COT Strategy - Crude Oil LongsDISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence.
COT Strategy
Crude Oil (CL)
My COT strategy has me on alert for long trades in CL again this week. To clarify, this was setup last week also, and triggered me long this week via a CCI divergence long trigger. Based on this weeks COT strategy analysis, I think this is a nice market for further upside and will look to enter again via 18MA & 10H8C MAC entry methods.
COT Commercial Index: Buy Signal.
Net Positioning: Max long of last 3 years - bullish.
Small Spec Index: Buy Signal.
Valuation: Undervalued vs Gold & Treasuries.
Front Month Premium Market.
True Seasonal up to Mid October.
Supplementary Indicators: Stochastic.
Remember, this is not a "Long Now" idea. These indicators are not timing tools. They simply tell us that this market could have a move of some significance to the upside, which we will participate in with a Daily long trigger.
Good luck & good trading.
$SPY September 21, 2024AMEX:SPY September 21, 2024
Daily.
I still have target 580 levels. Then a big move after consolidation.
60 Minutes
Uptrend Confirmed.
For the rise 539.95 to 572.88 holding 560-565 is crucial for further targte 580 initially.
556-558 should provide good support as it is 100 and 200 averages in 60 minutes time frame.
Now we have oscillator divergence.
SO AMEX:SPY should consolidate between 560 570 levels for 2 or 3 days.
15 Minutes.
For the rise 560.84 to 572.88 AMEX:SPY has retraced 61.8%. Hence a temporary double top around 570 levels can be expected.
We have 2 HL supported by oscillator.
At the moment 565-566 should give a good entry point. In 15 minutes weak below 563 levels as 200 averages could be broken.
LendingTree, IncOn the above 10-day chart price action has corrected 95% since the sell signal in early 2018 around 380 dollars. A number of reasons now exist to have a long position, including:
1) You know why..
2) RSI resistance breakout.
3) Multiple oscillators print positive divergence with price action. More or less all of them.
4) No stock splits.
5) Some other things, will say elsewhere.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: investment
Risk: <=6% of portfolio
Timeframe:1 month, no rush.
Return: no idea
Stop loss: will say elsewhere
CCL Carnival Corporation, Too cheap? Bullish candlesPrice broke a resistance, and the difference between the other breaks, is that one are followed by a DMI and ADX confirming Long, The fast SMA have already crossed the others moving averages, increasing the idea of a continuation of price rising
With the cut in interest rates, and earnings in 11days, I think this will be a great price to buy.
Reddit increasing value; Indicators showing strength After a dowward movement since July 15th, we got a support and a change direction in early August, however during several days, the price oscillates making a rectangle.
The price cross over the rectangle resistance before FED cut interest rates.
The price went long and we can confirm with volume that transaction are rising.
At the moment the price are in an important resistance, nevertheless this time, MACD is above 0, and ADX is crossing DMI- with DMI+ already in a long direction.
It can be a cautious entry, by just waiting for a strong bullish candle, or be more agressive and take the opportunity from the indicator
PLTR signals reversal is close byPLTR gaps below upward trend line showing last few days as a false breakout with price exhaustion
horizontal support forms. Once PLTR breaks below this and holds, more selling to come
RSI pushes below SMA showing validation with the move.
Volume increasing on the gap also giving validation to the recent move down
We should start to see more weakness in the stock going forward for a little bit.
UEC - COMMODITIES ON THE RISE - NUCLEAR CHRISTMAS SURPRISELooking at the most recent correction for UEC, nice accumulation.
Oscillators looking good, bullish divergence on recent lows.
BROKEN OUT OF FALLING WEDGE PATTERN and RESPECTING THE FIBS.
Looking to add more 5.05 area if possible.
First area of resistance above is 6.00-6.20 range. Once that has flipped to support, we could see $10.00 by Christmas!
Commodities are heating up...
LFG
7 cents to $4 in 7000% move for NKN?On the above 11 day chart price action has corrected 95% since early 2021. A number of reasons now exist to consider a long position. They include:
1) Price action and RSI resistance breakouts.
2) Support on past resistance. Look left.
3) Bullish divergence. Multiple oscillators print positive divergence with price action across a 55 day period.
4) The Bull flag. The support on past resistance confirms the flag pattern. A repeat of the impulsive move in 2021 will take price action to the $4 area with a 7000% return.
Is it possible price action corrects further from 95%? Sure. Sellers love it.
Is it probable? No.
Ww
Type: trade
Risk: You decide
Timeframe for long: This month
Return: 7000%
Worse places to be than long AUD/JPY if risk is rallyingIf we’re about to see investor risk appetite improve markedly, there are worse trades to have on than long AUD/JPY.
It’s had a strong bounce today, helped initially by rising US bonds yields propelling USD/JPY higher before another bumper Australian jobs report reinforced the view the RBA may not need to cut interest rates this year.
The bounce from 96.223 has seen the pair break through the downtrend dating back to the record highs in July. With momentum indicators providing bullish signals, upside looks far easier than downside near-term. With only minor resistance at 97.621 and the 50-day moving average in between, a retest of the important 200-day moving average may be on the cards.
Ideally, it would have been nice to have caught the initial leg higher as Asian trade got underway. You can still go long here with a tight stop below the uptrend it’s been bouncing off since Monday, but a better long setup would be to either wait for a potential pullback towards 96.223, allowing for a stop to be placed below for protection. If no reversal arrives, you could wait to see whether the price can pierce 97.621, providing the opportunity to buy the break with a stop below for protection.
From a fundamental perspective, one risk is the BOJ rate decision on Friday. Even though no move is expected, and that markets are already priced for more modest rate increases over the next 12 months, traders have been super-sensitive to signs of BOJ hawkishness recently. That could spark a reversal but it should not come as a surprise.
Good luck!
DS
Inverse Head & Shoulders Pattern Signals Bullish Breakout Ahead!Current Price: 141.683
Currency Pair: USDJPY
Time Frame : 1H
This USD/JPY 1-hour chart shows a clear Inverse Head and Shoulders pattern, indicating a potential bullish reversal. The neckline at 141.014 has been broken, and price is now in a retest zone. A successful bounce from this area could drive the price toward the next target at 143.724, aligning with key resistance.
The RSI at 58.75 suggests room for further upward movement without being overbought. However, if the retest fails, it could be due to a weak bullish momentum or increased selling pressure, pushing the price below the neckline and invalidating the reversal. In this case, the next significant support level is at 139.675. Despite this risk, the bullish scenario remains more likely.
CHAINLINK long setup / Bulls or Bears, Tell me in CommentsBINANCE:LINKUSDT
COINBASE:LINKUSD
Hello Traders
💥Long position on LINK
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
10.62
10.72
10.85
10.94
11.08
11.20
🔴SL:
9.99
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
Do you like to see some magic!? / (MAGIC long setup)BINANCE:MAGICUSDT
COINBASE:MAGICUSD ]
Hello Traders
💥Long position on MAGIC
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
👾The setup is active but expect the uncertain phase as well.
➡️Entry Area:
Yellow zone
⚡️TP:
0.3587
0.3683
0.3789
0.3915
🔴SL:
0.32
🧐The Alternate scenario:
If the price stabilizes below the trigger zone, the setup will be cancelled.
QQQ continues to test major resistanceQQQ rallied up its resistance and tests with false breakout
Volume increases over day before yesterday as resistance is tested again
RSI trends downward and stays below SMA
QQQ has been trending downward since August and now trying to break through its major resistance. Generally September and October are not great months for the market so extra caution must be taken during this time
$SPY September 18, 2024AMEX:SPY September 18, 2024
15 Minutes
AMEX:SPY managed to make an ATH at 566.57.
Now for the rise 539.95 to 566.57 it is important to hold 560.
Below that weakness can be seen for a target 554 +-1 levels. So shorting is not worth.
If AMEX:SPY manages to hold 563-566 levels, we can see 574 +- as a target for the longs.
A retracement is on cards due to oscillator divergence. or a sideways moment between 560-566 levels.
On a daily level, if AMEX:SPY consolidated between 556-566 levels i expect 574 as initial target.
Again. Not the time for shorts for me.
$BTC Massive Move In Anticipation of 50 Bps Rate Cut!Massive 6% move up today for Bitcoin in anticipation for a 50 bps rate cut tomorrow.
CRYPTOCAP:BTC smashed through the 50D MA and back into the BMSB.
However don’t be fooled; we are still very much in a downtrend as you see the 50MA is well below the 200MA.
We could see price break through the BMSB and reject from the 200MA in the next 48 hours.
There’s still a lot of liquidity <$50k that needs to be claimed for the next leg up.
Either way, I would not be trading leverage here.
Expect massive volatility.
SMH fails to break through resistanceSMH rallied to key resistance and failed to break through. Gapped down next trading day. Looking to make another attempt at the resistance.
SMH gapped down with volume after failing to break through
started to recover as smart money took over in later day trading
RSI is now below its SMA smoothing line
If this pattern holds trying to break through we may not see selling off with volume until we reach trend support
FPH Fisher and Paykel Monthly Possible Butterfly ZonesNo action, but FYI only
Bit early, but possible butterfly levels on FPH on Monthly chart
Indicator is climbing up into the overbought zone, but that does not mean much right now
likely to keep climbing in short to medium term, but parabolic moves are also quickly reversed as there are no real levels of support on large bars
Levels to watch...
$SPY September 17, 2024AMEX:SPY September 17, 2024
15 Minutes.
AMEX:SPY held on to 560 levels yesterday,
Now in 563 range.
SO, for the rise 559.9 to 563.11 must hold 561 today.
Tomorrow is D day.
No trade day today.
At the moment 554 - 557 is very strong support on downside.
They are 100 average supports in 15- and 60-minutes time frame
USD/JPY may squeeze if Fed delivers dovish disappointmentUSD/JPY looms as a prime squeeze candidate should the Fed disappoint on extremely dovish market pricing, not only likely to benefit from the probable uplift in US bond yields but also recent shifts in market positioning.
USD/JPY staged a decent reversal on Monday after slicing through the Dec 28 low of 140.273, printing a hammer candle on the daily. With RSI (14) nearing oversold territory and breaking the downtrend it’s been in since the start of September, directional risks may be shifting.
I’m not rushing into a long trade just yet, but I am keen to see whether the price holds above 140.273 today. If it does, longs could be established with a stop around 139.60 for protection. Make sure you keep positioning front of mind given how volatile the pair has been recently.
143.63 looms as a suitable trade target with only minor resistance at 141.73 located in between.
Good luck!
DS