EUR/USD: long On this 1H i spotted:
- TL break
- Trendchange
- 50ema and 20ema break
This is a huge part in the things I look for before entering a trade.
Risk
Brent Crude Oil: UKOIL Buy point with 19 pip risk and 500 rewardBRENT Crude Oil UKOIL Update
A nasty failed break above the upper paralle lhas forced Brent
back to the lower parallel, the entry point was hoping for, so
am going long at 62.18 with stop under 61.90. And if this call
goes wrong and Brent breaks below the lower little parallel of
this flag forming now will reverse completely for fall to 61.12.
If it's going to rally as expected, it should do it from here (see
earlier comments for details)
Bitcoin; BTCUSD Last valiant chance to go long with stop closeBitcoin
A fantastic point perfect test of the parabola has held up
Bitcoin so far. It's rallied to 7150 and stopped, coming back
down to give a buying opportunity close to 7080, so look to
buy as close as possible witha stop under 7050.
If this ends up failing, we've had a valiant try and a faily small
loss compared to potential gains if this is the to be the low.
And if it isn't please refer to earlier comment for shorting
strategies.
Nasdaq Biotech: NBI A good low risk buy point coming up tomorrowNASDAQ BIOTECHNOLOGY INDEX: NBI A good low risk Buy Point Coming Up
Range trading between the parallels continues as it has done since last year's election low.
It' looks like it should fall back to 3267 where it becomes a buy again with stops just under 3250.
It should make a strong rally from here back up to 3575 for about 300 points gain, with
the first level of resistance at 3344 (close out first long here). A subsequent move above 3344
will be very positive for this index, taking up to 3435-3444 range before it falls away to
3380 at which point it should move higher to the 3575 target - at which point it becomes a short again
If this long call from 3266 is wrong, it means that the lower parallel that has guided this up-wave from
inception is also failing, an extremely bearish outcome should the stop at 3245 fail, signalling a move
back to 3168-3148 range (and a complete reversal of positions into near-term shorts) where this
index becomes a strong buy again.
USDJPY SHORT TARGET 110.00Look, its hard to recommend shorting something which you are long-term bullish. But given the current geopolitical situation happening around (I'm talking about the ousting of royals in Saudi Arabia over the weekend) and Kuroda's affirmation that there will not be any stimulus coming, we can expect the pair to move down lower. Do also note that the pair is also a proxy for safe-haven assets, the markets may be looking at protecting their portfolio against any selloff.
The reason I'm saying this is because the equities market are probably overpriced and due for a correction. I am personally short in a couple of cyclical stocks, while long in safe haven assets.
Going onto technicals, we can see that the pair has hit a downtrend line. It has also been moving up sideways since October, signalling a weakened rally. We are also able to locate significant resistance 114.30-50, based on price action in May and July 2017. With this, I am able to justify a short on the pair, with a final target at around 110.20. I would take some profit as the pair moves down, but expect myself to be out by 110.20.
Cheers guys, happy trading.
Follow me on www.houtiantan.com
I trade with bit.ly/AxiFXSG
Bitcoin: BTCUSD Last chance for low risk entry approachingBitcoin: BTCUSD Last chance for low risk entry coming up
See how the old (now dead) rising support line is still trying to kill anything that comes near it? It's still toxic...
You can see why day traders are wary of it, especially as it coincides with fixed overhead supply at the same 7350 level.
(This stuff takes too long to write and too damn often what I think is about happen, HAS hapened by time it's finished
...very trying, especially as Bitcoin moves between 10 times and 1000 times faster than any other instrument on the planet.
It was already on crack. Now it's doing steroids too. It's Jaws on crack and steroids and we've got it on the hook...maybe
If you were slick enough to get long lower maybe you were slick enough to exit too??? If not, it's OK.
We need to move away from that old toxic rotting line of rising support/new resistance, the left-overs from an old trail, to
stay in outlaw-chasing mode....well there's not much selling going on from 7350 so far...ideally Bitcoin will trade sideways
to down for a while and start to build support off 7260-7245 range and from there start to rise again. Look to buy/add
from this range if tested. Will still be using a tight stop though just below 7220 just in case that old resistance line proves to
be so strong it''s unsurmountable. If it gets struck, the risk is about 50 points. The potential reward is incalculable at present.
It's the only financial instrument in the world you can say that about. Everything else has it's value, pretty much. Good luck!
BUY EURUSDIt seems like the sellers are weak! i will wait a retracement for long opportunity and a nice risk reward ratio!
CAD / JPY Short time, but be careful Hello. This pair looks to get ready for turnaround to the downside. But stil on weekly and monthly chart uptrend is strong. So be careful with shorting. Look for confirmation before entering.
If we see push down than be sure you have stop loss in place. I will trade with minilots if I see confirmation.
Good luck.
EURUSD DOWNSIDE RISKTraders we have been watching EURUSD for a while as it struggles to break above its previous highs and is sitting within a weekly resistance zone. We are looking for a break below the daily lows for opportunities for a short position. Weekly chart suggests a weekly retracement could be playing out.
FOMC last week stated they expect to hike rates 1 more time this year which could aid this trade to the downside.
EUR/USD LONGS IN PLAYEUR/USD uptrend is still very strong expecting another push past the current high at 1.20923. Risking 50 PIPS to gain 125 PIPS Good Risk ratio trade. Lets see how it plays out
Finally Never Forget that this trade can be wrong and there is a random distribution between my wins and losses so leaving all the emotion out of this trade.
Cryptocurrencies: spreading riskAfter recent developments, its obvious that risk management is everything. "spreading risk" over multiple currencies might just be an illusion.
Nasdaq is up 8 pts from the Monday Gap open in RTHMuch Ado about nothing again as this fake out false test of highs two weeks ago, is maxing out those Hoping for another Breakout! Simple sell it! CME_MINI:NQ1!
1:1 EUR/NZD long on Double bottomA market pull back on EUR/NZD
Market form a double bottom by having two bullish candlesticks
1:1 risk reward ratio on this trade
SL should be at least a 1.6350 or below
TP at the last high 1.6650
Facebook OptionsGreat day for FB. Looking to buy sep 8 calls on any quick dip under 173 in morning (as long as it doesn't gap up too high). Huge potential to keep running over 174.5 tomorrow and to new all time highs. High risk, but high potential reward.
NVDA Option playThis coil is gonna go big one way or the other very soon. Hoping for that to be tomorrow off a weak open. My play is to spend $50-100 on sep 8 calls(probably 170 strike, possibly 167.5) on any pullback, risk to 0, sell for a minimum of 100%, depending on the chart. A break of 167.89 (today's high) is a good add spot, then above 168.58 another add which could pop for a $1 gap fill. I already am holding a bigger position of sep 15 calls. Volume is not there, I'm early on this. Could still go south, and will drop fast so manage your risk well!
VIX / D1 : Very nice opportunity here...Just got myself in this via long OCO entry : 11,5 / 12,3. leverage 0,1.
SL 9,6 TP 24,9 => risk 2% / gain 10%
EUR/USD Gartley Short with StructureSo we have a good Risk Reward here. I think that the resitance is a good level and it will be hard to break the sl.
NZDJPYSold this pair like AUDJPY with TP1 and TP2 at S4 and S5 pivot lines respectively, and a conservative SL between S2 and S3.
Daily:
Weekly:
Confidence: A
AUDJPY ShortSold this pair earlier with TP at S3 pivot line and SL a few pips above S1 (which is also near it's daily high) to ride the recent risk-off related to increasing geopolitical risks and also weaker than expected Chinese inflation report.
www.dailyfx.com
www.dailyfx.com
www.dailyfx.com
Daily:
Weekly:
Confidence: A (there's still risk that this pair will rebound soon especially Thursday's near the end of the week already, but I think this position will hold in the long-run considering the chart patterns in the daily and weekly charts)
