After the strong shortfall with high momentum of the Aussie, price triggered a Lorbeer Pattern and rests into a Swing support Looking to trade long into the direction of the ost recent swing breakout
Happy to see that my last weeks short call came with some pretty string dynamics! Time for a countertrend trade? Looking at lower timeframes to see if the support holds.
Many called the end of the Bitcoin rally and this "currency" just rises and rises... So let me call THE END once again, perhaps for next week it will obade!
Looks like the call spread will be an easy ride until beginning of July. Looking to add some premium on pullbak into resistance. Happy time for my prive client Options Mirror Trader! Great year so far, congrats!
After Alhabet bounced off out the exact predicted resistance level, with quite some momentum... looks like is was placed ahead of many Algo funds, I am trying to be a step ahead of the market again. Now that most arecuatios and are looking to hop up the short train a prepare some strategies for the next supprt areas. Don´t be a SHEEP be the SHEPPARD!
Time to take profit on the Bear Put Spread and look at whats next. This stupid huge downcandles must be triggers by Algos and stop orders. Seems like prcie now stilised so its sime to start collecting call premium :) Since IV zincreaed...
Gold formed a double top in resitance. Will the pink uptrendline hold and push the price beyond this Rest in order for Traders to hop up a trend continuation to the upside and chase the 2016´s high price. Or will the uptrendline fail and result into some profit taking from the 2017 rally?
Was last weeks dip a glimpse of an exhausted market? For me it looks like we are in a blue wave 5 on the monthly timeframe. This 5 wave uptrend started in 2009. While wave 1 and wave 3 where strong and had a high momentum, wave 5 was weak. A closer look on the dayily timeframe and the violet elliot 5 wave uptrend that form blue wave 5 shows that that higher highs...
IWM got rejected out of a resitance zone that is form by: Last downswing 26.04 - 18.05 - Fib inverse 1.113 extention Wave 3 - 1.272 Fib extention Wave 4 - 1.618 Fib inverse extention I wish the premium would be higher, with a VIX that low selling premium is just not worth it. So lets look at some put spreads
the Aussie canadian made a huge swing in June. First broke a couple of supprts, then turned around and broke a couple of resistance levels. Very often after such a 2-sided-swing we see some consolidation: Swings of lower highs anf higher lows that form some kind of triangle untile collective traders decide where its going from here. Expecting less opportunites...
No need for explications... short the Sterling!
The price just fell short of some important support. If price retraces to the 382 from here a lot of buying potential will be gone already. So I pray for a dip into the Support!
There is a kind of Bat wihin, which techncially is not valind but it may be a good conservative apporach to wait for the Bat to trigger
Being a pain this trade, the set stop hold as price cannot manage to break above the resistance. Now closed below trendline. First confirmation sign. Chasing last swing low
ABCD-Pattern completed and formed some kind of false breakout / fals double bottom at closing 50% Fib retracement comes at resistance which is a good profit target. THe close if this 4h candle will privde further decision arguments
BO short ogten developes a much stronger momentum and you do not always get a pullback for conservative entry so my tip, enter on sell limit order with a split position and second half on a little higher for a potential pullback
After the highlighted Breakout, price pulled back and formed a double bottom. 1. My Mirror traders followed me to grab some Profti going long on the double bottom on a hedge trade agains our UERUSD short trade 2. We banked profit and shorted on a Lorbeer Pattern 3. Now its time to hop up the hedge again and chase the new hgig on a second chance double bottom...