long usdcadalternative trade for usdcad incase first trade hits stop loss, possible long trade with 1:2 rr
Trump
$BA Earnings Option Play | WatchlistTechincal Analysis of $BA plus this week's option play.
British Airways finally receives its first Boeing 787-10 months later than planned.
What we are looking for:
Retest of the previous channel resistance (blue downtrend)
Breakout from $198 (Bullish Signal)
Last but not least, to send BA to the moon ($234), we need to breakout from the fat orange downtrend.
This play is intending for covid to not impact airlines. If covid makes a crazy breakout, we might see trouble for airlines.
The Play:
- BA ripped 14.4% today, which means contracts are worth 200%ish more than they were yesterday. In other words, we will aim to grab BA at the low of what looks to be next week or the week after.
Play 1:
- BA $232.5 call 7/24
This play is sitting up 114% on the day compared to the $230 strike below which is up 198% today. Once BA has a down day these premiums will get cut, giving us a buying opportunity.
DotcomJack | Easy Loot
Do Not Trade This!
Donald Trump 2020I didn't know trump was in the stock market. I know that as president he does have the power to affect the market. I have Neve seen a chart looking like this. Look at the candlesticks long bullish and bearish candlesticks. Half the time the stock can't decide what to do.😀😀😀😀😀
ridethepig | USDCAD Market Commentary 2020.06.17📍 USDCAD
On the Canada side... This flow has become particularly interesting over the past few sessions, large macro hands front running BOC and piling into corporate debt and helping CAD hold at these levels.
The risk to Canada really comes from the housing market, as soon as the stimulus stabilisers are off there will need to be another miracle to avoid panic selling.
With stimulus retreating before the labour market has healed, the pressures on homes will become a blunder. This is so obvious and would be a blunder to miss. Now we are tracking a return back home, to the mean in a good mood - If buyers resign on the retest we can see the wave truncated (we'll keep updating the charts for this one).
For those tracking EURCAD ...
Break Pull Back Trend to the Downside. Last Kiss 4HLooking for the last Kiss of the Range to start THE RECESSION SHORT
USDRUB short short short!Hey there!
Very simple setup explained in the chart. Basically stay short and if the pair closes above resistance look for very opportunities.
If you have any questions please leave them in comments.
Did you like the idea?? Give us a thumbs up!!
Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become better.
Remember that trading is only part of your life. Do not spend all day in front of the screen!!
Surf, Trade, Live!!
USD/CAD is forming a continuation pattern!USD/CAD is problably going to continue its downtrend after breaking the pennant. We still need to wait for confirmation.
Follow me for updates and more ideas!
S&P 500 index - shortBy analysing S&P 500 index historical data, we can conclude that there is a very strong resistance at 0.618 in the fibonacci retracement. We need to wait for the confirmation, but there is a high probability for the start of a downtrend.
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Long for GBP/USDOnce it reaches the price indicated in the chart, it is time for opening a buy position.
Long for TSLAA very possible movement for TSLA. If it breaks the triangle, we can wait for a long position.
Short movement for AAPLAfter showing that it might not break the resistance, we should wait for a down-trend.
CADCHF - Possible Second EntryPrice broke out of ascending correction.
Already in from the top. Looking to scale in for another entry - will be looking for a brief retracement and then entering
HOLD THE PHONE... ES to 4000+ by November ???In short, I am no longer short.
The recent additional QE measures and absurd position of the Fed to continue to expand it's balance sheet with no regard of the consequences tell me a few things. A. The fed and talking heads know that they have pretty much convinced THE HERD that blowing a bubble inside of a bubble is not only logical, it's our saving grace. B. That this will end badly but, not yet.
If you look back to the '29 crash that was also fueled by a careless debt-fueled cycle, you will see that prior to the main collapse, there was one last blow the top off-pump... That is what I believe began on March 23rd and will continue through the election.
Nothing that has happened this year has been a surprise to the powerful elite. The real Bull/Bear battle here is political in nature, nothing maters but staying in control. I believe we are in an impulse 5 wave and will break ATH in the ES in the next 5 weeks. We are collecting under the top end of the all-important megaphone pattern and I believe we are about to breakthrough. After reaching ATH, matching the NASDAQ's pattern, then we will get a nice retracement to the top side of the megaphone pattern. From there a weaker and potentially very powerful bearish pattern. Perhaps a H&S pattern like BOEING's chart prior to the Feb breakdown.
If Trump loses the market, he loses his base and the election. Therefore, there is nothing this "team" won't do to keep the party going for another few months. They have made that very clear and it's only 20 weeks away.
I can see it now... Donny loses the election with markets at ATH's. like 4150 in the ES. Crazy numbers... He waves goodbye and signs his name on the V shape recovery he promised. Then, with the country in Biden/China's hands, we will see the epic collapse of our bloated state.
156% valuations to GPD might look small by November.
... or maybe we get rejected here and tumble, however, last I checked the money machine is still working.
Food for thought or comment:
What would happen if Biden wins and tries to clawback corporate tax cutes? Can he do that?
What if the US's credit rating is downgraded internationally?
What happens if we are no longer the reserve currency?
History Repeats Itself: Those Who Do Not Learn History Are Doomed To Repeat It.
Second wave of virus coming even though Fauci says is still wave 1.
Everything is setup for another bear market, and when Robinhooders start to loose money for their bull positions, they with turn sides and give strenght to bear market like a Domino Effect.
Vix touched bottom on 24.50 and S&P500 futures touched their peak on 3230.
Is a bubble inside another bubble.
Buying stocks of collapsed companies, is no good idea... bubbles DO break!
Fear has been evident for the last 1 and a half week.
EURNZD - Another opportunity to enter SHORTSo far we've had 2 clean entries for EURNZD. Looking for a third now
USDDKK Simple bearish setupHey there!
Very simple setup explained in the chart. This trade has a stupidly high Risk to Reward ratio so we cannot let it pass.
If you have any questions please leave them in comments.
Did you like the idea?? Give us a thumbs up!!
Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become better.
Remember that trading is only part of your life. Do not spend all day in front of the screen!!
Surf, Trade, Live!!
USDCZK Short it and forget about itHi there!
Once again, all explanations are in the chart. Pretty simple setup to be honest.
If the pair closes above most recent swing high the idea will be invalidated.
If you have any questions please leave them in comments.
Did you like the idea?? Give us a thumbs up!!
Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become better.
Remember that trading is only part of your life. Do not spend all day in front of the screen!!
Surf, Trade, Live!!
EURUSD Long aiming at resistanceHi everyone!
The pair is in an interesting stage. We have seen a surge in the last couple of weeks and yesterday it reacted to support. We stay long aiming to that area of resistance between 1.15-1.155 .
We cannot rule out the possibility of forming a Head and Shoulders pattern at around the area we are now. If the pair closes today in the red I will exit it and look for better opportunities.
If you have any questions please leave them in comments.
Did you like the idea?? Give us a thumbs up!!
Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become better.
Remember that trading is only part of your life. Do not spend all day in front of the screen!!
Surf, Trade, Live!!
ridethepig | DJIA Floodgates Are Open!!📍 Who's in Control?
- Sellers clearly have the luxury of momentum on the recent breakdown, advancing here too fast would be an immediate mistake since after that buyers will lose faith and start to cover. The correct procedure will be a time-consuming chop inside the 25,000 - 23,000 range to shake out those travelling Robinhood crowd.
We have the weapon of a zig-zag to thank for this play; make good use of it and in cases of too much pressure watch for Fed bending the knee. There now follows a tactical and measured move in risk-off as cases start to tick higher around the world again.
If you are not already loaded on the sell side, the trip you are planning for here should be carefully measured and prepared before pulling the trigger. We are still yet to entice the major capitulation and pickup the lows. All that seems necessary before we can begin the advance later in 2021.
