DAX Stock Index DAX Index
Bullish Channel
Nice Elliot Impulse Waves
Currently Longs closed and Short Trade Active from 10700
Shorts TP1 @Wave 4, round 10100
Coming week to be watched:
Will we get bounce from support round 10470s, Bounce after filling the previous gap or just Adding to shorts after filling the gap. (Predicting for nice long-term SHORT Trade from this one).
Have a nice Weekend
www.ibrokers.ee
Week
Bet on the support reboundThis trade aims at the short-term rebound from the historical low. Since June 07, short-sellers initiated a selling force to test JD's the 52-week low. The price was driven down,but no volume followed. However, when the price was reaching the 52-week low, there are people collecting the dimes, on June 16. Maybe the short-sellers were covering here. I think it is a good bet on a short-term rebound.
Here is my plan:
1. Stop Loss at 19.
2. Profit taking at 23 or Time Exit in 5 days.
Reaffirming short from Dec 20, more trouble ahead for BTCAs I stated on 12/20, it was pretty much impossible for BTC to not sink further and significantly. Though it did have a short rebound for X-mas that was destined to be short lived. BTC is only down 7.25% since I made my prediction but with what the 3 hour through 2 week indicators show is trouble. The shorter 4 and 6 hour indicators show a reversal underway following this slight recovery. The one and two day MACDs have still not bottomed out; and worst of all, the 1week and 2week MACDs are looking like they've peaked. This would be their first downward movements since Aug/Sept when we were at 1500CNY/235USD. The StochRSI at 1week is showing its first downward cross since the early Nov. drop as well I would NOT take this lightly.
I'm still optimistic in the medium-term and I'd be very surprised if prices got anywhere near that low, but January could get really cold, really fast. If you are still in BTC I would have your alarms set and be ready to trade or at least hedge with a put option or two. If you are out, just don't get back in too quickly, it can be tempting to see the 2-hour MACD/RSI going positive and panic-buy, but I'd advise against it. 1 day indicators should be able to show us the way when it is time to return.
EURJPY Week review, Trading plan for a begining of the weekIndeterminate direction of price as no clear signs has been given by the last quarter's closure.
Last Quarter's close is below 5MA what gives a bit more power to bearish signals
We have a bearish chart pattern (Quarter)
Price is currently at 50% Fibonacci retracement area
in a relation to previous swing Down
Will look for a bearish long-term entry setup (based on Quarter chart, using lower leverage and wider stops, this type of trade will be left open for up to a quarter) at around 133.75
Currently none of the major chart patterns appears on weekly chart
Price is currently at 61.8% Fibonacci retracement area (Filtered to weeklyy timeframe)
in a relation to Previous swing UP
Will look for a bearish short term entry setup (based on weekly chart, this type of trade will be left open for a few days) at around 133.75
On a 1D chart we have a bearish chart pattern
Price is currently at 61.8% Fibonacci retracement area (Filtered to 1D timeframe)
in a relation to Previous swing UP
Will look for a bearish short term entry setup (based on 1D chart, trade will be left for Hours, but position will be closed in parts and using a trailing technique, will try leave it open for a maximum period possible) at around 133.75
In conclusion, all the levels I mentioned are based on a current market activity, but everything can be changed within seconds, however based on a review that is done, I will be looking for a selling opportunities coming week.
EURUSD Weekly review, as a plan for a begining of the week.Price direction on a Quarter chart is down, as new lower low and lower high appeared (Price direction is not the same as a trend direction)
Last Quarter's close is below 5MA what gives a bit more power to bearish signals
We have a bearish chart pattern (Quarter)
Price is currently at 61.8% Fibonacci retracement area
in a relation to Previous swing UP
Will look for a bearish long-term entry setup (based on Quarter chart, using lower leverage and wider stops, this type of trade will be left open for up to a quarter) at around 1.1025
On a weekly chart we have a bearish chart pattern
Price is currently at 23.6% Fibonacci retracement area (Filtered to weekly timeframe)
in a relation to previous swing Down
Will look for a bearish short term entry setup (based on weekly chart, this type of trade will be left open for a few days) at around 1.1025
On a 1D chart we have a bearish chart pattern
Price is currently at 76.4% Fibonacci retracement area (Filtered to 1D timeframe)
in a relation to Previous swing UP
Will look for a bearish short term entry setup (based on 1D chart, trade will be left for Hours, but position will be closed in parts and using a trailing technique, will try leave it open for a maximum period possible) at around 1.1025
In conclusion, all the levels I mentioned are based on a current market activity, but everything can be changed within seconds, however based on a review that is done, I will be looking for a selling opportunities coming week.
U.S. Earnings June 15-19 Optionable Trades U.S. Earnings Week June 15-19
OTM Long Call , Long Put or Strangle Plays (based on Current IV compared to 30 day avg)
DRI
Collecting premium Selling Options
ADBE, BOBE, LZB, ATU, FDX, CLC, JBL, ORCL, KR, RAD, FNSR, RHT, KMX, KBH
Implied Volatility vs 30 Day Average Implied Volatility
values as of June. 13
June 16 Pre-Market
Fact Set Research
Expected 1.41
Current Trend Bullish Price Channel
June 16 After Market
Adobe Systems
Expected .45
Fibonacci 1.272 Extension
Bob Evans
Expected .41
Fibonacci Retrace .618 / 1.272 Extension
Lazy Boy
Expected .38
Fibonacci Extension 1.272
Actuant Corp
Expected .53
Fibonacci 1.618 H/L Target Reached ... could be counter trend rally .886 or 2.618 extended
June 17 Pre-Market
FedEx
Expected 2.58
Fibonacci Extension 1.272
June 17 After Market
China Finance Online
N/A
Fibonacci 1.272 Extension // Went Beyond Fibonacci .618 Retrace .50 1.618 Overextends to 0 (Bankrupt?)
Claycor
Expected .77
1.618 Extension
Jabil Circuit
Expected .49
Ascending Wedge Fibonacci .886 Retracement or Fibonacci 2.618 Extended
Oracle
Expected .87
Flat Base Near Support Fibonacci 1.272 Extension
Pier 1 Imports
Expected .08
Bearish Trend .618 Retrace 1.272 Extension
June 18 Pre-Market
Darden Restaurant
Expected .93
Fibonacci .618 Retrace Fibonacci 1.272 Extension
Kroger
Expected 1.25
Bump and Run Fibonacci 2.618 Extended
Rite Aid
Expected .41
Fibonacci Extension 1.272
June 18 After Market
Finisar
Expected .25
Fibonacci 2.618 -- .886 Confluence Price Target
Red Hat
RHT .41
Fibonacci 2.618 Extended
Smith & Wesson
Expected .35
All Fibonacci Targets Met 1.618 Extension --- Confluence .50 Fibonacci Retrace 1.272 Fibonacci Extension
June 19 Pre-Market
Carmax
Expected .86
Fibonacci .618 Retracement
KB Home
Expected .08
Fibonacci .886 Retracement or 1.618 Extension
EUR/GBP: Chart of the weekLast week chart: 2 WINS
Profitable pullback ( I don't trade these pullbacks )
Profitable movement up ( I made 95 pips )
We had a bearish engulfing candle on the Weekly chart + finished on friday with a shooting star candle, that closed under the resistance level of 0.712. This all happended after a break of the previous TL ( which can now be seen as the CTL) , since we bounce now for a 3rd time of a new,validated downwards TL.
I would like to see a test of the lows this upcoming week.
Late Week 3x Previous May Ending WK5-11 20153x week previous
hi 249.2
lo 218.3
swing
hi 249.2
lo 214
Buy volume for WK4-27 was equal to previous sales volume. Opening 219 and closing at 240
WK5-04 buy volume also increased around a 1/5th. Skinny price action rebound 226.5 closing 240.5
WK5-11 sales volume reached to a little more then 1/2 and never equalized to the previous week opening 240 closing 236
GOLD 2015 - A Longterm PlanPlans for both sides for the next year.
The upside is more likely in my opinion and has the potential to continue beyond my target of 1522.
The downside is limited. If it continues going lower from 830,
you can assume we are in a gold crisis or something like that.
Anyways, once the current correction down from 1900 is over,
you can expect a steep reversal and continuation of primary uptrend.
GBPUSD posible long trade GPB is at 78.6% fib retracement area - support area which may hold. Fridays bit disappointing US data, may see pull back GBP to resistance area - 1.7 - RSI strongly oversold being at 10.12 supports idea of retracement to 1.7 key very psychological level for GBP. worth noticing is that last week was 4th in a row of correction in GBP.
I would be looking to place SL below 1.669 as it is next support level. I see GBP still strong fundamentally and looking at weekly chart we are still in uptrend. I will be closely watching current 78.6 fib area (on the other hand we may just continue down) - what happens at this level possibly determine this week direction.
As always manage your risk and RR properly, its not a sprint - its a marathon!
Good luck!