T-notes
Short GBPJPYBreak supp and back to resistence and bounce back. looking for still going down.
entry :141,330
take p:140,777
stop l:141.556
Short EURGBPI got signal and i wait for confirm from WT also Momentum indc is breaking up so i go for short.
do not copy my trades its only for me. using this page to doing my notes and have chance to analysis what i did good and what wrong if i will be wrong.
Elliott Wave Analysis: 10 Year T-Notes Trapp In A CorrectionOn the 10 Year US Notes we see price undergoing a potential five wave drop, with price now trading in wave four as part of this drop. That said, price seems to be undergoing some slow and choppy price activity, which means wave four may unfold as more complex. As such we expect more overlapping price movement to come in play and probably a triangle correction will unfold.
T-note futures bearish, gap of supply achievedLarge oversupply of t-notes shown as a gap at 124.5, More space to the downside.
Gold will follow. Gold is also near supply level.
Elliott Wave BasicsHey traders. Here I have provided some notes of mine for the very basics of the Elliott Wave 5 wave structure. I am open to constructive criticism. All of this info is derived from the Elliott Wave Principle Book. Thanks Everyone.
FXCM Banned By CFTChe CFTC on Monday fined Forex Capital Markets, parent FXCM Holdings LLC and founding partners Dror Niv and William Ahdout to pay $7 million to settle charges it defrauded retail foreign exchange customers and engaging in false and misleading solicitations. As part of the settlement, FXCM agreed to withdraw its registration and never seek to register with the CFTC again, effectively banning it from operating in the US. The CFTC found the retail FX broker had an undisclosed interest in the market maker that consistently won the largest share of FXCM's trading volume, and was therefore taking positions opposite its retail customers.
www.zerohedge.com
TLT: Time to scoop treasuriesWhen most people are fearing an asset bubble in treasuries, and after increasing fears of rising yields, with many doomsayers calling for the end of this 'bubble', and a rapid selloff, it's clear that $TLT has found support, and that we can take the long side if it breaks last week's high. An integral part in any portfolio, $CEF, and $TLT.
See my previous $TLT publications to have an idea of how effective the trading in bonds has been.
Good luck,
Ivan Labrie.
10 Year US Notes Reversing For A Temporary Correction10 year US notes fell in five waves from July highs so we can expect more weakness ahead which may drive stock market even higher. However, before continuation to the downside may continue on US treasuries we need a contra-trend reaction in three waves. Well, based on recent turn up we see price in wave a-circled of a three wave advance that may stop at former wave four, near 132'30.
www.ew-forecast.com
@ewforecast
BTC, Gold, 10 year notes: UpdateAs I had explained in my previous post, it was likely to see an 'emotional high' in these instruments, followed by a sharp decline.
After this break down, all these instruments are at a major support level once again, and in sync too.
Notes:
I'd get out of shorts here and maybe flip long in a few days.
Gold:
It might have some more room to fall, but if it makes a higher daily high tomorrow, it is possible to see a rally.
If short, cover half and trail the stop to today's high after the close perhaps.
BTCUSD:
I went long with a small risk position, considering a 10% downside risk as worst case scenario. I used spot, have no stop, and no margin. I also bought ETH with a 20% downside tolerance here.
The plan is to capture the upside in BTC and ETH once they resume the weekly uptrends they are in, and avoid losses in a choppy enviroment in gold and notes. The trades have been good so far, so try to protect profits first.
We will see volatility, so it's good to be prepared.
Good luck!
Ivan Labrie.
Notes keep fallingIf you caught this trade congrats...it's a nice move but it's time to trim some and pull down stops. If you missed this trade don't chase down here. Wait for another pullback. You can also take a look at the Bonds...they have yet to break down.
NOTES are RipeThe Notes, like Goldie, are consolidating and ripe to break this week. We rolled to the June contract Friday and we are looking for a leas one more day of consolidation. We want to wait for a break of our levels before getting involved.
One and done!One target and stopped for us on the Notes. Looks like we were early on ti trade even though we believe lower note price are in the cards. We will keep our eye it...closely
Bond fireworks soon?The weekly chart on the Bonds is developing a signal. No matter what direction the wedge breaks we expect a 6-10 week move. Keep this chart front and center on computer.
Excuse me sir, can put that in reverse?Target #1 is in the books but there was a nasty reversal and it looks like the rest of our trade is in jeopardy. We will honor the stops.
Notes trigger shortThe Notes trigger short for us. We are keeping stops a little tight as rumors spread about the FED. Regardless of any rumors we will manage the trade like all others.
Notes are in the Zone!We are in the Trigger Zone on the Notes and will be watching short term time frames for a trigger short. If we get the trigger then our final target will be a break of the lower wedge. REMEMBER: NO TRIGGER, NO TRADE!
Did you get my Note? The Notes had a nice fake break and are now wanting to test the lower part of the wedge. The Bonds broke their weekly wedge and closed on their Friday lows which tells us the Notes and Bonds are weak. We are looking for a short position on bounces in the Trigger Zone. This is a Weekly chart trade and we will be looking for huge break down on the Notes. Remember...NO TRIGGER, NO TRADE!
