GOLD: What is next?
hey traders,
on Thursday gold has broken above a major trendline.
on Friday we saw a very strong buying reaction and test of 1515 level.
1515 level is very peculiar for us because it is the major structure resistance level.
Indeed, during the US session, we saw a very strong selling reaction from this level.
For next week we have two equally possible scenarios:
1 - Market participants will start buying the retest of the broken trendline
and we will see the second test of 1515 level
2 - The breakout of the trendline will turn to a fake one
and we will see a bearish continuation to major support of a current wide horizontal range.
though two options are equally possible,
my spidey senses encourage me to the second option!
let's see how it goes and have a great weekend!)
Options-trading
GOLD: Complete Indecision
hey traders,
although I have an active selling position on gold,
many traders hesitate to enter right now and don't know what to do.
Indeed for quite a long time gold is very very passive.
Those who are looking for a confirmation signal,
pay attention to a symmetrical triangle that the market is now following.
Breakout of it will be a good trigger and you can base your trading plan on that.
symmetrical triangle can be broken to the both sides,
however, my suggestion is to trade only in case of bearish breakout,
because a profit potential for bullish breakout is quite limited.
GOLD: Weekly timeframe analysis and thoughts.
I am frequently asked about my opinion on investing in gold on current market prices.
though I have already expressed my opinion on this subject multiple times,
here is the answer from a different angle.
Analysing gold on weekly we can quite easily identify key structure levels that are important for the market participants.
Two major levels of support and resistance between which the market is trading right now are:
1560 and 1360.
We have a wide 200$ trading range.
Within this range there are multiple minor structure levels:
1520
1480
1440
1400
strictly keeping 40$ distance between them.
Because quite recently gold has reached a major level of resistance 1560
now we see a retracement.
for trend followers big question arises:
from which level we should expect a trend continuation?
for now, it is totally unclear.
but from this analysis we can derive totally different, but still valuable conclusion:
buying gold for long term investment purposes right now is not reasonable.
So, once again, think twice before investing in the overheated market.
SILVER: Still Bearish
hey traders,
though we see some correctional movement on silver
my outlook is still bearish .
currently, the market is standing just beneath the major falling trendline .
I expect that selling volumes will accumulate and we will see a bearish breakout of a bear flag .
for us, it will be a perfect selling signal.
Target level will be 17.0
Stop will be above the highest point of the flag.
WTI Respected Daily Support. Now Going Up!
WTI has clearly respected a key structure support level on a daily.
we see a sequence of rejection/dodji/engulfing candles and rsi divergence as well.
I have a bullish bias on WTI and currently hold a long position.
My stop is 50 level but I have entered a few days earlier.
Key levels for targets:
56.0
58.0
60.0
please, support the idea with like!)
GOLD: One More Leg Down?
gold currently is consolidation in a narrow trading range.
most of the traders are waiting for a breakout to identify the market future direction.
I am aiming at bearish breakout of a minor structure support to sell the market
anticipating bearish continuation to 1417/1407 levels
GOLD: For those who missed long
hey guys,
for those who missed a bullish breakout of 1278 support,
you have a chance to catch a second bullish wave.
market right now is trading in a falling parallel channel called a flag pattern.
wait and buy a bullish breakout of this flag.
target 1 - 1286
target 2 - 1289.5
JD Long Term Supply and Demand AnalysisPrice has reached 3M demand on JD, triggered long here on the MN.
This is a long term investment for me so I purchased the stock, will also be looking for an options trade if we start to see bullish moves on the WK chart.
Price is way too low to think about shorts, longs only!
Alibaba Long Term Supply and Demand AnalysisThis is exactly why you dont buy after a huge rally! Price is losing steam, WK Demand and Support is broke now, WK in a downtrend, MN uptrend will be broke after this month.
I will wait for price to retrace to the 3M demand area drawn here, or wait for new and strong bullish impulses to start showing up on the WK and MN charts.
Patience!
trend indicator for Binary Option 80% of profitable trades This trend indicator for binary options shows excellent results both on currency pairs and crypto currencies .
You can work on most currency pairs and on different T. F, but the settings are more adapted For M 5, M15
The indicator shows the price reversal in the form of red and green dots when the candle is closed .
buy signal.
a green/dot should appear on the indicator after the candle closes .
entering a trade at the opening of a new candle the time of the trade is one candle .
sell signal.
a red/dot should appear on the indicator after the candle closes .
entering a trade at the opening of a new candle the time of the trade is one candle .
If you strictly follow the recommendations and work within this strategy, the percentage of positive transactions is about 80 % .That allows you not to use "martingale" and stay in the black with minimal risk.
If you are interested in this indicator for access write to me in private messages ! ( comments rarely looking better to write in private messages )
Scalping strategy for Binary Options 70-80% positive tradesHi Friends ! I decided to show how my strategy works . Quite well shows the turning point of the price .
This is a strategy for Binary Options . Perfect for those who are not much in a hurry and loves to trade on scalping (Strategy as simple and reliable)
The strategy consists of two main scripts and one auxiliary that allows you to use the free version of T. V
You can work on most currency pairs and on different T. f, but the settings are more adapted For t. f M5
Support and resistance levels are drawn and updated automatically, which is very convenient for beginners .
If you strictly follow the recommendations and work within this strategy, the percentage of positive transactions is about 80 % .That allows you not to use "martingale" and stay in the black with minimal risk.
But if you still like the martingale it is usually enough 3 rarely 4 steps. ( I advise you to use martingale only after two months of practice on this strategy )
Below are screenshots with more detailed recommendations .
How to choose the right entry point.
How to act with a false signal .
As an example screenshots with statistics for the last week on the EUR-USD Timeframe 5M.
statistics
14.05
15.05
16.05
17.05
18.05
If you are interested in this strategy to gain access to all three of the necessary script, please contact me in private messages !
( comments rarely looking better to write in private messages )
Strategy for Binary options 70-80% of positive tradesScalping strategy working timeframe not lower than 5M (15M,30M) gives 10-15 signals per working day on one pair on average .
is in currency pairs EUR-USD , GBP-USD , USD-JPY , EUR-NZD , BTC-USD . as well as other currency and crypto pairs.
Expiration time = (1 candle) Detailed description can be found below .
How to choose the right entry point .
False signal. How to act.
My time frame is 5 m of the trading plan for the day at least 5+. I work as a fixed amount of the transaction without the participation of "Martin" statistics 23.04. 9+and 2-with an 80% return on the asset, the net profit was 6+. Below is a screenshot of the deal at 23.04.
Wishing to test strategy write. I'll give you access. and will also help to understand .
Strategy for Binary options and Forex 70-80% of positive tradesScalping strategy working timeframe not lower 5M (15M,30M) gives 20-25 signals per working day on average.
is in currency pairs EUR-USD , GBP-USD , USD-JPY ,EUR-NZD, BTC-USD . and other currency pairs
Expiration time 5 min (1 candle) in more detail in the description of the script.
Wishing to test strategy write in personal messages.
below is an example for 5m Statistics for the week 58+ 18- =40+ profit.
26.03
27.03
28.03
29 03
30.03
Working strategy for Binary options.Forex . statistics for weekScalping strategy working timeframe 5M gives 20-25 signals per working day on average.
is in currency pairs EUR-USD, GBP-USD , USD-JPY , BTC-USD . and other currency pairs
Expiration time 5 min (1 candle) in more detail in the description of the script.
Wishing to test strategy write in personal messages.
below is an example for 5m Statistics for the week 58+ 18- =40+ profit.
26.03
27.03
28.03
29 03
30.03
Scalping strategy in action. TF 5 M example in the descriptionScalping strategy working timeframe 5M gives 20-25 signals per working day on average.
is in currency pairs EUR-USD , GBP-USD .
Expiration time 5 min (1 candle) in more detail in the description of the script.
Wishing to test strategy write in personal messages.
below are the trade statistics for today.
Strategy Scalping for B.O. EUR-USD 5M Statistics for the week.I decided to post statistics on the work on the Scalping strategy over the past week.
I work with a fixed amount of the transaction, not what "martingale" from here is the minimum risk of deposit drawdown.
Statistics for the week (69+) - (25-) = 44 Plus see screenshots.
A detailed description of the principle of the strategy can be seen in the description of my scripts.
19.03.18
20.03.18
21.03.18
22.03.18
23.03.18
SPX 2016... Historical Trends and Chart Analysis This is an SPX Chart that outlines historical trends and explain what could happen if SPX is consistent in its behavior during a crisis.
To be able to predict the future one has to study the past.
During the 2000 Internet Bubble & 2007 Financial Crisis S&P 500 shed about 50% of it's Value (in both crisis).
And it fell to same support line which is between 800 (2000) and 700 level (2009).
FORECAST Feb. 2016 Forward
IF S&P 500 act is consistent in CRISIS MODE, we should expect it to shed close to 50% from the 2015 high (2100).
This should reach 1100 LEVEL...From crisis, the down trend continued for about 14 months.
IN BOTH PREVIOUS CRISIS IT TOOK ABOUT A YEAR+ TO THE BOTTOM.
AGAIN IF S&P 500 IS CONSISTENT IN IT'S' BEHAVIOR DURING CRISIS WE SHOULD SEE NEAR BOTTOM BY END OF 2016 EARLY 2017
What's the bottom?
It is hard to predict, but according to the above, it could be any of the support levels in the chart.
Best case scenario, is we bounce of 1500 Level and market recover.
Worst case scenario is we trend down and pass 1400 and 1300 support levels all the way to 1090 level.
Current global economic and political signals are not favorable, plus the over valuation of equities in US and China is adding a sell pressure that is felt across global markets.
Oil is a political game and can fluctuate or shoot up any given time, this will not make the market more volatile.
Please note the above is based on the assumption "IF SPX is consistent in its behavior in Crisis mode".
Unusual Volume Triggers for Cyclic TrendsUsing unusual volume and Option Expiration Fridays as pivot points to draw out 45 day and 7 day trend line cycles, I'm predicting that TSLA will have a retracement near the $269 price - correlated to the 50% Fibonacci Retracement overlay. I've drawn out a couple of 7-day cycle trends that are not biased validations.
Stop Loss price at the previous support of $251.
I added TSLA shares to my portfolio position on 9/16 at $255.
I will check the TSLA OCT option chain to evaluate a potential Long Call position at the In-The-Money strike price
premium. I use a Covered Call Return formula to validate the execution of a Long Call, using a Limit Order entry for the first hour pull back. One aspect of my trading strategy is to use the first 15 days of a new option cycle to optimize option positions on highly liquid equities - regarding time decay and volatility factors.
Duration of trade - I will hold my Long Call position within the 7 day trend with a trail stop to protect me against sudden mean reversions.
Peace.
$XAUUSD - Gold: Bearish [Intermediate-Term] A few of my previous charts on gold have been bearish, with initial targets around $1500-1400, which were then revised to suggest possibly as low as $1150. Well, it came close so, from a technical perspective; it did reach the zone I expected for a low, but the wave counts had not been clear enough to support a high degree of confidence.
However, I think the important low has been established. This is evident from that fact that in the move up from the December low to March high Gold has seemingly moved in 5 waves. Subsequent decline, though very strong, does not exhibit impulsive 5-wave–type of decline; rather, more like a retracement. So, this now gives me confidence that the originally anticipated low is in fact likely the major low, and that we are now in a longer-term bullish cycle.
Since the top in March, we've seen sharp sell-off with partial retracement to the upside. What now follows is a possible triangle which, from my previous videos on Bitcoin, is explained to follow only forms in either wave "x", "b", or "4". You can investigate that explanation on YouTube, at:https://www.youtube.com/watch?v=Nnpdt2YABY8
In each of these cases, it suggested a continuation pattern; that is, a prior trend leading into a triangle is recurrent. If this plays out then we have the potential for a short trade, or in the intermediate term. However, when dealing with triangles, it is not always very clear exactly where they begin and end.
Should that be the case with this, It could be that we may have another short-term leg up (out of the triangle) before dropping or significantly breaking down from here, which would be ideal for a downside target in the $1200-1220 zone.
Despite the clarity of this trend, if you were to trade this, the risk of getting it wrong is still high. So then, how would one trade this (or any other instruments) safely under these conditions? I suggest by the suitable use of Options.
In a short session, all aspect of Options trading cannot be covered, but do join me as I attempt to demonstrate a few possibilities live, in Google Hangouts link - www.youtube.com
(Copy-editing assistance freely provided by upon request.)