TipsOfPips

TipsOfPips

Trading the breakout. High risk opportunity. I think it's a good time again to be looking for longs to catch a move an eventually another break of the all times high to put in a +100% move within 4 weeks. $200k final target $140k first target

TipsOfPips Updated 

I see a fair chance of this move happening. The ascending wedge pattern has just tapped into supply and market is shows some signs of weakness. I am still holding my previous short and so this position I am entering is small.

TipsOfPips Updated 

The seasonal bearish effect could come into play very soon. There are also significant technical signs we should see some sort of correction here to the downside.

TipsOfPips Updated 

Hard to give high RR trades in advance, but essentially I'm looking for a falling wedge coming into the support levels while taking out those lows on the left where likely stops are resting. The timing window (purple) is relatively important, but only for the pattern drawn. So it's best to only take the trade if it falls within that timing window. If a larger...

TipsOfPips

On the basis that I think Bitcoin will reach at least $170k many alts should have relatively good performance. With Bitcoin seemingly placing in a daily cycle low and with the 15min trend in tact, I think it's worth placing a small bet here to ride what could be a potentially massive trend. The chance with no edge is 1/300 of this working out, so I expect this...

TipsOfPips

I see Nordstrom having a strong rally in the coming weeks and I can see it easily taking out all those highs fairly quickly and putting in over +100% move. I compared it to other companies I'm bullish on and it's showing relative strength vs them too which adds to my conviction.

TipsOfPips

Targeting the all time highs as a minimum. It should well exceed this long term so the 1:13 risk to reward ratio is a conservative estimate. I'm not sure how long this move will take, but I do not see the price breaking below that orange zone again on daily closing basis. The line forecasts (orange and green) are very rough approximations of how I expect this...

TipsOfPips

There is significant divergence with the NASDAQ and Tesla. NASDAQ has been ripping higher while Tesla has been declining. Due to the bullish technicals on Tesla I believe this is a bullish divergence and will soon see Tesla reverse once it reaches the pink zone which starts at around 180. Your stop loss can go at 151 for a conservative option, or if going more...

TipsOfPips

I am very confident if this move down occurs the market will finally bottom and we will see a minimum +250% return on this ETF. I'm treating this more as an investment than a trade. If this occurs it could also mean a stock market crash is not too far away - historically it usually occurs within 12 months once Gold finds the final bottom of the bear market.

TipsOfPips

Targeting the all time highs as a minimum. It should well exceed this long term so the 1:15 risk to reward ratio is a conservative estimate. I'm not sure how long this move will take, but I do not see the price breaking below that orange zone again. The line forecasts (orange and green) are very rough approximations of how I expect this to unfold. There are...

TipsOfPips

The inverse relationship between XAUXAG and Gold prices is exceptionally strong. I believe XAUXAG is currently going to continue declining for technical and fundamental reasons. Fundamentally being that interest rates are likely to come down in the not too distant future and this market will be pricing that in. Plan B is unlikely and will review if I get stopped out.

TipsOfPips

The major Elliot Wave pattern suggests price will reach all time highs in the next gold bull market / cycle. I believe it is due and Fresnillo has probably bottomed. There is a chance we could continue to have a few more weeks of weakness in Gold and Silver prices which is likely to send Fresnillo a little lower first but I think we are close enough to a bottom...

TipsOfPips Updated 

I think Tesla goes to at least 200. I think there is also a good possibility it goes all the way down to about 40. There is a logarithmic line in confluence with this idea too.

TipsOfPips Updated 

I see a convergence of two major patterns forming and lining up with high impact news event tomorrow (Friday 27th). The conservative option is to place the trade with the stop loss at the red horizontal line. The most aggressive is to just use the red zone though you run a higher risk of not being filled. I will be doing a hybrid of the two and entering slightly...

TipsOfPips

It seems like the bottom might be in for Copper. Numbers on the right for entry and stop loss. To be more conservative you could place the SL below the purple zone but your RR will be lowered. 35% gain with no leverage targeting $4.85.

TipsOfPips

I have just gone long on Gold, I think the bottom is most likely in now. High reward trade, and my conviction on this one is over 50% chance. 15R expectancy on this one. (30R*50%)

TipsOfPips

I'm very confident in this idea. I believe the bottom is in, structure has been broken and a clear range has formed with confirmation price will now rise. This is good for a long term investment and also a trade idea in which you can gain over 30% until the first target. There is also a dividend of over 5% on this stock which makes it great to hold long term...

TipsOfPips

I think we are most likely seeing a false breakout in Gold. Recent dollar strength has sent dollar base pairs in the FX market (e.g. EU, GU) down however it is has not impacted the gold price. Dollar going up generally means a risk off environment is more likely and we have not seen that impact Gold yet. Essentially there is a divergence between dollar prices...