Oldrope4sale

Oldrope4sale

I don't love engulfing candles but I like the pin bar the day before yesterday. I think the rally has stalled here and the kiwi should pull back at least to .61. I suspect it'll go lower but I'll be managing my trade pretty closely if it goes my way and gets to 61 cents. My stops are alway 1.5x average daily range on reversal trades like these. Obviously I only...

Oldrope4sale

Strong theme to my analysis just now around US dollar. I think it should bounce from down here and generally feel as though all other majors have rallied to hard against it of the last week. Today might be volatile and it the DXY may flush lower but I don't dollar weakness will be sustained much longer. The overwhelming fundamental driving the weakness seems to...

Oldrope4sale

Gold broke out of it's big rising wedge last week and I saw gold bugs cheering for $3000 therefore based on technical projections etc. I like when price fakes out of wedges and triangles. It is a good risk reward to bet on it going to the other side of the pattern and beyond. I think Gold might have topped here. The primary narrative for gold has run it's...

Oldrope4sale

Had been waiting for a reversal candle to enter a GBPUSD short. Finally got it from yesterday's price action. Stop is 1.5x average daily range away. I manage my trades proactively once they start going my way.

Oldrope4sale

NZD had broken a down trend against USD but the counter rally was supported by USD bulls. Failed to break to new highs though so this is a simple long, short term.

Oldrope4sale

DXY had broken it's strong uptrend and now failed to make a new high after a pullback. It's a short, short term.

Oldrope4sale

CADCHF broke the trend line up and then failed to hit a new high. looks like it might fail further.

Oldrope4sale

downward trend is failing. looking for some EUR strength short term as this pair at least looks like ranging down here. Oil is looking like it needs a pullback which will also help weaken the CAD near term.

Oldrope4sale

playing a fairly short term trend here and missed the double top opportunity but four red days in a row should confirm a trend reversal back down towards the higher time frame trend line (which is downwards for the GBP against JPY).

Oldrope4sale

XOM failed to break to ATH's. Everyone who can be is already long surely. Short it back down towards the trend line. Fairly tight stop above the attempt at new highs this week.

Oldrope4sale

could be a 2B if you're familiar with Trader Vic's terminology and an intermediate trend reversal. Broke the intermediate trend line and now failed to take out the recent high. Fairly tight stop above the failed high.

Oldrope4sale

I quite like this set up - a few days now since the annual report. strong volume and move up prior to the report and no reaction since aside from some impatient sellers. sitting just above the ceiling of the old price range. watching for some buying volume to come in and that might suggest we're going to go and test the ceiling at 19 cents.

Oldrope4sale

micro cap MWR looks like it might punch up through 15.5 cents. see if it can and then establish a new floor above it.

Oldrope4sale

NUH wants to kick on now that it's punched through 45 cents.

Oldrope4sale

can't remember who it was but someone smart said should always give news at least 3 days looks like it wants to go beyond the peak to the left?

Oldrope4sale

Australian based rare earths player with some promise (ie behind Lynas). It looks as though it's about to try and punch on beyond 15c ceiling.

Oldrope4sale

punched up through resistance at 11.5 cents on volume. let's see if it can establish itself above it now.

Oldrope4sale

.039c appears to be the barrier. See if it can get beyond it and stay there.