AUD/CAD SELL SELL SELL !!!Reasons for this setup
we have been making lower lows (indication of down trend)
bounce of Fib level 50%
bounce of bearish trend line
there are numerous long wicks on the daily to the upside which could indicate more sellers in market and buying pressure drying up and every wick unable to make a new high (Daily chart)
5 wave move is evident as we have one last leg to take out it is playing out as a continuation pattern
we also have a nice bearish push of key psychological level at 1.0000 putting in strong bearish candles
Also with the incoming strength of oil CAD looks ready to gain some strength
COT report indicates Oil is gearing up for some buying pressure so therefore effecting CAD in a bullish push
This setup is an aggressive setup as we are in a descending triangle and entering before any breakout is risky but I am telegraphing the move early which is risky but I fancy my chances on this setup
Also id like to add this is a longer term trade
My entry 0.9937
Risk nothing more then 2% per trade
my risk on this trade is 1%
Best of luck to everyone trading
Reallifetrading
GBP/JPY SELL SELL SELL !!! After recent side ways movement on the GBP , volume and buying pressure looks to be dying out altho we are still in a sideways market there are multiple signs pointing to a short pullback.
But bearing in mind going against the trend is risky and lower probability.
Reasons for this Trade
Clear break of trend line and retest and held as RES
After 148.00 level has not been broken on 3 attempts and has held well as RES
Tweezer top formation on Daily chart
Strong bearish daily close
Strong signs of bears on lower time frames breaking all structure
Altho the entry is bit late and a bit more conservative I am confident price will reach 140.00 key level at the very least
I am sensing a sell of on GBP pairs due to political mess and of course price action
please feel free to wait for a better entry as I'm trading of daily charts and don't mind having bigger Stop losses.
risk management : 1-2% of account size MAX
My entry 141.00
First target 140.00
Second target 138.75
CPG no major corporate investors , is in the depressed NRG The big new was the ability to send oil to texas via a pipeline.the stock took a hit. But as oil costs more to get out of the ground a way to save is pipeline transport. Fracking is the lease expensive oil to gather. Big investments stay away from the smaller companies. So the stock price largely up to the public at least for now. They stay puplic minded that was shown when the pipeline broke. Oil was contained minimal damage and coast. It did'n make it on to americas news cycle. So when erning come out better then expected the stock should fly.
LET ME KNOW WHAT U THINK
AKS earnings don't move the stock AKS should bounce after the last 3 earnings being better then expected but didn't. It doesn't appear that people are buying into the earnings either. Since 7/14 the stock has double digit short percentage. While more the half the stock is owned by major players. That is what i think is keeping this stock down. It is not what i call a peoples stock-that is when us privet investors make little if ant impact. I do think this is where i will buy but not for a quick 8-10 percent, more like a longer hold. There is plenty of upside if your willing to chill a while. I have bought this stock twice and been stopped out both times in under a week. If you have any ideas plz share-link you chart or add to comments...this AKS is a learning curve for me. This was suppose to be a trump affect stock.
AMD Rinse,Wash, & repeat 3 red time playing AMDAs you can see support has been broken time to but again after a bullish candle. I've done this three times profitably. Earnings proved to work in traders favor when AMD reported the increase sales of there new chipset used for crypto mining. This may be the last quarter this pattern will repeat. Have any advice let me know we will do better as a team..does anyone know what those colored dots are?
ATTSo I have notice whether the estimates were made,missed, or spot on the stock price seems to move on its own. I did by the stock because of the low price on bad news, i believe over reaction by the big players. Over the last 5 days the stock has had a sell off @ 10:00 am. No doubt the big boys selling off. I have also seen buying in smaller lots. Lastly the 4:30 hour 2.3 million shares were purchased just prior to the real close of the market. moving the price from 36.20 to 37.35. I figured that the stock should not get much lower and, up to this point, lucked out and got a low price. I'm trying to expand my abilities technically evaluating charts. I don't use puts, call i understand them by definition but not well enough to bet on them. I make about 7-10 / trade but must learn more to earn more....no i cant afford a class. So teach me how to read this chart.
AMD up & Down double bottomNASDAQ:AMD Publish a chart with tech analysis the other day using timing from valley to peek finding 7-9 trading days worked on AMD a few times. "PaY"thence I saw a double bottom, w on 2day 133 tick charts, Today got the drop ( retest) and got jittery to buy. The risk is almost nothing and tomorrow will set stop pennies below purchase price. Ride the wave Baby
HMC / Bearish Retest / Short-Strategy / Short-TermThis is a chart I made mapping out some Support/Resistance lines for HMC which is on a downward trend long-term. The Old Support / New Resistance candles, as well as Old Resistance / New Support candles, are all marked and match with a connection line displaying the correlation. There are 23"soon-to-be" bearish old support candles which I think will have bullish new resistance candles in the next 2-3 days.
Planning for a Bearish Retest Bounce (based on the 3 previous day black candles) so I can later short the stock. Thinking of entering STO at $27.80-ish area for the bounce and then exiting BTC at $27.50-ish, shorting the stock. I'm assuming this trade will take roughly 2-7 days based on previous data.
I'm extremely new to trading, just started learning June 25th, so please let me know what you think of the plan and if you have any ideas about what I could do differently or change. I am also open to ideas on PUT orders.
EURUSD LONGThe market is trending up for the Euro ("fiber") on the 4h, but I also check on higher time frames, which show some confluence in the sentiment. I do think an entry around 1.0812-1.0819 would be advantageous. I didn't put a risk reward graph, so here is an idea for any trader/investor to pick up and run with . Enjoy and we will be back to see it's progress
"CLMT" to rise after earnings estimate revision activity. WATCH@zillionare_zone on the grind as always. Here we have an extremely lucrative scenario that I have served up on a platter for you all. Not only do we see an end to a trend, singling a reversal, and a drastic one at that, but there will be a ridiculous amount of volume today as well because of the earnings report release today. The long signal is very favorable, even for short term/swing trading investors. That is because Calumet Specialty Product is seeing FAVORABLE earnings estimate REVISION activity as of late February, which is generally a precursor to an earnings beat and a long term trend change. After all said and done, analysts raising estimates just before earnings with the most up-to-date information possible is a very good indicator of some favorable trends under the surface for CLMT. Also some notable information about the value of this stock is that for the current quarter is currently at a loss of 67 cents per share for CLMT, compared to a broader "Zacks" Estimate of a loss of 73 cents per share. This is suggesting that analysts have very recently bumped up their estimates for CLMT, giving the stock a ""Zacks Earnings ESP of 8.22% heading into earnings season."" Do not buy immediately, wait for the first candle to materialize, and take a position accordingly.
Insta---@zillionare_zone
TSLA driving higher TSLA had a nice double bottom and slight retest of the next line but it seem like a pull back to$ 200 , which might be right around the 100SMA and the EXpMA ! Charted out a potential wave pattern which shows that there could be a couple nice buying areas (purple arrows). look for earning 2/8 .
If TSLA follow my plan I may consider getting one of the (30K models) LOL.
HD Looking Bearish headed into earningHD tends to sell off coming into earning, so it's not surprise that HD is looking more bearish than bullish with earning in a couple weeks. A close below the 122.01 support look for the retest for possible bearish entry. !22.01 is a strong support on the weekly, but then AGAIN SO WAS 123.50 (NECK LINE ON a triple top on the weekly). Yesterdays bullish candle looks like the retest of that neckline. If you look back to the pink arrows are areas that HD broke down very aggressively, right around the 126 range. My plan is if HD gaps up anywhere under 122.86 I will look for a reversal to the LOD prior day and look for a trade to TGT. IF HD gaps down wait for a retest where the arrow is.
However one candle could make this a decent buying area.
TSLA is moving sideways BCS and possible condor Currently price is traveling between the 100 and 200SMA. TSLA has had many lower Highs. Its seems to be wanting to move sideways or back down to the 200 SMA or continue .down to strong support at 190.
So the 242.50/ 245 BCS for 9/23 is a little risky but if TSLA closes above the 240.40 then consider unraveling
I like the 190 as as support but the options chain is only give me $5 increments - So I'm going to hold off a few days and sees what transpires and try to leg into the condor at 190/187.50 - If TSLA continues bearish we should get a good numbers on the BPS.
X Put sales- Which put sale do you like?There are few price levels I would be happy to be put to stock on US Steel. However, it's more fun to have those premiums in your account and not have to purchase anything. I like the $18 put sale exp 9/9 for .27 because of the labor day holiday I get on extra day of premium...but more importantly X would need to go down another 10% and break through support. Not impossible we shall see. 9/2 less time with a decent return. If you really want to be safe is the $15 put expiring 9/23 for .12 ... I would wait on that and see if X drops some more in order to get more premium. There the $16 level too ...Which on do you like?