TipsOfPips

TipsOfPips

I am taking a small position on this Gold short to hedge the idea of dollar weakness in September which in theory should drive Gold prices up. What would be nice to see is a dip in Gold while dollar goes down and then we will have a nice case for a divergence setup when Gold finally bottoms. But taking a small position here as it is a hedge to long positions I...

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Oil Short 50R High risk high reward trade idea. NFI. Elliot Wave + DXY as confluences.

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High RR trade Elliot Wave Strong signs of commitment to the downside.

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106RR Oil Short TP $67 Again, the higher time frame commitment is bearish so looking for lower time frame opportunities to enter. Last two recent trades on Oil have been losses. This one is also high risk, but if it fails I see another opportunity to short a little higher up. I am confident though we will move down to at least $67 though. Just a matter of...

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37R short opportunity on Oil. Last 3 shorts have been stopped out.

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Incurred 3 consecutive losses on Oil shorts now. I see a couple more short opportunities coming up if this short fails. I like the one highest up the most. Will have to confirm both with patterns for them to be valid.

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62R Oil Short Opportunity. Scaling in to existing short position. High risk reward.

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31R trade on EURCAD. Entered with a limit order a few moments ago but didn't have time to post the setup. I have 50R on it, but I think 31R is still great risk reward with a good chance of it playing out.

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I think HEX may have bottomed. 12,000% move possible if price returns to ath. 410R trade.

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11R trade Just to enter at market. Limit order not required. Strong signs of momentum and it seems like market has lost strength to the downside.

TipsOfPips

I'm looking at two possibilities. Either gold reverses soon, or we had up a little bit further and complete the blue pattern and reverse there. I am not recommending a trade on the first option as I think that is very low probability, but if the one higher up happens and the pattern is still valid (not expanding), then I believe there is a good chance of...

TipsOfPips

40R Long idea. Expecting CAD to weaken. I'd only risk a very small amount on this trade as I'm already in a long position and continuation trades are more likely to fail imo.

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30R EURCAD trade idea High risk reward. Expecting CAD to weaken.

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Looks like previous idea will be stopped out. Noticed two patterns forming so this is the new trade. 25R

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Short term long on Oil to hedge my short position.

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20R opportunity on AUDCAD. CAD looks bearish. Big bear flag on CAD index. Multiple patterns suggesting a bottom is in. High risk but high reward opportunity.

TipsOfPips

12R and 4R trades on Natural Gas and First Trust Natural Gas. I think the 4R trade on Natural Gas is the most reasonable conservative target possible. Targeting $4-4.5 to take profits. First Trust Natural Gas is more optimistic but technically it seems like it will go there. You could do a 50:50 split between the two.

TipsOfPips

I'm expecting Copper to reverse to the upside pretty much exactly at $4. This trade carries the opportunity to secure 35R with 1R risk. So effectively it's a high risk trade, but for me this trade has a lot of confluences I like. I will also be looking to find higher RR opportunities on the lower time frame if the market provides those opportunities.