Summerset

Summerset

Tomorrow - NFP will be released. The ADP recorded yesterday a dismal 374K. If the NFP records a dismal # tomorrow too, there will possibly be a strong spike in sterling against the dollar. I will take this as a sell opportunity, to sell a rally in the Elliot structure shown on the chart. I will sell 1/3 size @ 1.3840 1/3 size @ 1.3890 & final 1/3 size @...

Summerset

The Intermediate & short term trades that I will be making coming week are based on the above technical picture. Over riding momentum is both negative on 4hr (not shown here) & day time frames. This means that long trades can only be taken when momentum is positive on the 1hr + 15mins, to tops of the Right shoulder. Momentum is currently positive on the 1 HR. I...

Summerset

Chairman Powell is concerned about containment of Covid "D", and its impact on economic activity. He may have assessed a date to start bond taper on coming September far too soon. All majors spiked higher against the Dollar on his caushion. My position short @ 1.3765 + 1.3720 was stopped out at 1.3780. This is a 42 pt loss ~ 1.2 % of a 10k account @ 30k trade...

Summerset

Fire @ will. We hear this expression in war movies, and its applicable to the current trade. There are now 2 bearish trad able cycles supporting the trade. (The 1Hr & 15 mins). The 15-min is unfolding in a growing bearish Elliot structure, shown above. what this means is that, traders selling the market, with a stop > 1.3780, should see the market trend lower,...

Summerset

As shown on the attached chart today, the market could be finally topping out in a broadening top. I will amend short entry limits to 1.3800 & 1.3820. Stop raised to 1.3885 Target same @ 1.3450 Money & Risk management remain the same Profitable Trading to Everyone Summerset

Summerset

As shown on the updated chart, correction -c- (white) should be ending today with price congestion in an ending diagonal. The target spike price for this ending diagonal lies between <1.3780-1.3810>. The expected market resistance high pivot to day is 1.3787. I will stand my ground, and sell part size (half) by limit short at 1.3770 + Remainder (half) at 1.3790....

Summerset

I have let the 1st leg of the correction unfold yesterday - Monday, so the cyclic correction projections can be as confirmed as possible. Today the end of the correction into (-c- white) should be seen (probably) late NY session. I will sell half size by limit entry @ 1.3765, and add remainder half sell also by limit entry @ 1.3780. Stop for all at 1.3850. Target...

Summerset

I am using the attached chart + its coming updates to make next week's day trades & targets. The updates would mainly point out the "realistic" entries that would get filled on a daily basis, & if these should be taken for day trading purposes & targets, or can be held for an intra week swing / position. Realistic Money & Risk management, is a very sensitive...

Summerset

I will be making short term calls based on the attached technical picture on a daily basis, over the coming week or two. Profitable Trading to Everyone Summerset

Summerset

Ethereum is attempting a market bottom in an Asymmetric triangle. Leg -c- of "B" is a bullish wedge. I would Buy market (1/2) contract size to target $2150 -> $2230. Add to contract another 1/2 size if lower levels seen. Stop ~ $1500. Trade Safe- Summerset

Summerset

Following the two past vids on investing using this trending strategy, Today - I will buy the Daily pivot = Market open in Asia ~ 149.80/85 for 1.5 mini lots (15k) And Add by limit buy order another 15k at 149.20 = the Breakout low for today ~ S2. POSITION TOTAL would = 30k - Averaging 149.50. Hedge placed at 147.80 for 170pts x 3 minis = $510 Total Risk I...

16:47

Summerset

This vid completes the one prior to it, and shows trade management, and how to go about protecting entries accumulated at pivot levels on a daily basis in a trending environment, until "reasonably" calculated target projections are secured. Sterling yen is breaking out in a secular uptrend. As shown on the vid, the opportunity cost becomes minimal, and being...

18:30

Summerset

This ia a strategic approach to trend (wave-3) trading. In this vid, the strategy is explained, and in the next one actual trade management will be dealt with. Keep volume level on the vid to 50% or slightly below to avoid static cracks, and enjoy the best audio results. Comments and questions are all welcome of course. All the very Best & stay safe. Summerset

Summerset

Current week Buy 145.20 & MRT Stop 144.40 Target end of week @ 146.60 Target End of 1st QR / Mid 2nd QR @ 153 Entry can be used to pyramid on a week basis. Profitable Trading and stay safe. Summerset

Summerset

Ultimate projected target for current correction "C" = 174 Profitable Trading & Trade safe Summerset

Summerset

The breakout signal (green arrow) showing on the CCi is Valid secular uptrend breakout signal. The last time this occurred was back in 2013, and resulted in a move from 128 to 195. (47% appreciation). Back then it was the second wave of QE by global central banks to support equity & asset markets in developed economies. This time around the same central banks are...

Summerset

There was a breakout of the shown diamond pattern last Friday. If there will be follow through, subsequent bearish motives should seek Wave-V (RED) Targets. I am selling the shown fibs & up till 0.940/50 for 0.9330/0.9270/0.9220. Take Care & Stay Safe

Summerset

In momentum - as a rule-, by labeling momentum extremes made in any motive bull / bear advance as (w/3s & w/5s). The trader can round up the internal waves in any advancing motive. The USD/CHF count shown above is validated on the same principle. By going down to smaller TFs the internal motives in a correction were also segregated to add up to the above...