Food4Thought

Food4Thought

Opportunity for excellent long entries at these prices for longer term investors looking to diversify into alternative assets.

Food4Thought

Simple setup up to front run a possible dual Cypher C point confluence. This trade is obviously more risky and less statistically sound to succeed, but based on the current exhaustive run of the $ lower we should realistically be looking for some pull back, especially as most pairs have shown a correction already against the dollar; notably in the risk pairs AUD,...

Food4Thought

Long term play potential, based on higher TF interpretation, and seeking to reduce risk via execution. I have decided to reverse all heavy short considerations for the EURO, for the next 3/4 month period. My trades will be long only plays once the previous swing high at 1.3710 is breached. Any pull back will be seen as a dip buying opportunity. Analysis has been...

Food4Thought

The pair has managed to break out of its descending wedge formation and has reached equality targets for the pattern. In approaching current price levels the pair also formed a bearish bat and allowed T1 targets to be taken, nimble traders will have closed some and moved stops to BE, or above the 0.236 on its downside breach. Now that price has extended higher,...

Food4Thought

Wrote an essay on the fundamental backdrop for this trade setup and lost connection which has resulted in having to re-type what was already a too long to publish piece, needles to say I can't be bothered, so here's the short story. EURO 0.236 held the lows + resistance now support TL, beak below should have bulls haircut positions and re-establish at lower...

Food4Thought

This pattern has been forming for some time now, and I've been watching for any signs of strength to buy into this security as a long term play/investment. Unfortunately, I still cannot see the light at the end of the tunnel to warrant any serious investment; despite my reluctance to commit any size to this, a small technical play may be worth a punt. Monitoring...

Food4Thought

This set-up does not require any explanation. This has to be one of those set-ups that you dream of... but rarely get to execute. Vivus has manoeuvred its way down to a two year support level located just below $10. Support from Nov 15 2012 (9.865)has been retested, has held, and price is now consolidating whilst slowly drifting higher. In addition to this...

Food4Thought

The chart shows that the DOW is struggling at the moment to climb much higher on the larger time frames. In light of upcoming risk events, I would assume that the recent departure from the 15700 region is a result of large long positions being liquidated, and potentially shorts coming into the fray. Friday's NFP result proved uneventful for committal to a trend...

Food4Thought

Bearish Engulfing H1 has completed. H2 Pin has Completed. Cypher is potentially in play. Trade idea: short pull-backs towards 9160/70 before price dips below 45/50 Disclosure: I'm short from 9164.4

Food4Thought

This setup is to capitalise on the price where the EURUSD was turned in a single downwards sell off thus far. I had not expected the EURUSD to breach above the 1.33 handle, but seeing as it has done so, with the low liquidity provided by the FOMC, we should identify it's point of failure as a key area of interest for longer term bears. The price stalled exactly at...

Food4Thought

Short @ 1.3133 with reduced risk exposure since entry was very late. Target 1: AB=CD Target 2: 1.27AB=CD Target 3: 1.618AB=CD Long entry will be established at the 0.886 fib assuming price gets there, presumably will a little help from Big Bad Ben. This trade should ideally look to test the low placed at 1.2750 and fail en-route, signalling bullish intention;...

Food4Thought

This trade needs little explanation, corrections so far have failed at the 61.8 fib retracements; the second, was achieved today, and as such, I am short from the closing price. A breach above the 0.786 level will signify a failure of the price structure and invalidate this trade. Targets are located between the 1.27 and 1.618 fib retracements. The previous...

Food4Thought

The EURUSD appears to be putting in a bottom as far as I'm concerned. An Elliot count currently lines up with a larger fifth wave terminating in the current price range from 1.2985 and possible further targets below. Unfortunately, month end re-balancing acts must take place by larger institutional traders, as such, I will assume a EUR heavy stance looking to...

Food4Thought

All Harmonics that I can draw out on the H1 time frame All are valid until invalidated by their respective failure points. Confluence Points The larger Cypher D point which lines up with the smaller cypher 1.13 ext. C point. Key point of interest should be: i) The larger Cypher D point which lines up with the smaller cypher 1.13 ext. C point. ii) The 0.786XA...

Food4Thought

Currently the CD leg of a larger harmonic is playing out. This particular pattern suggests price may terminate around the 0.886XA price region; in doing so, the harmonic will complete as a Bearish Bat. Bearish Bat targets include point B as a medium depth target, extreme targets may be hunted below 1.2790 Failure to contain the EUR/USD at the 0.886XA level...

Food4Thought

Quick M5 trade here Topside resistance should turn the price around 1.3250/55

Food4Thought

Possible short opportunity on the breach of the low just placed.

Food4Thought

After bouncing off the 0.886 fib of the rise up, shy of 1.3250, the EUR/USD has struggled to find direction. Despite making progress to the upside, price action has been mildly corrective to consolidative. I suspect the slightly bullish nature of the EURO was down to speculation that Big Bad Ben would re-assert that QE would be ongoing for the foreseeable future....