UnknownUnicorn461520

UnknownUnicorn461520 Updated 

For the memories

UnknownUnicorn461520 Updated 

Levels listed below as potential targets.

UnknownUnicorn461520 Updated 

Marking some levels and targets for future reference.

UnknownUnicorn461520 Updated 

Retracement of leg down looking good. Paying attention to the swing high. Will stop out above 53.20 and look to re-enter at higher levels if we get there. Momo has been slowing for most of April. Looking for targets at the levels marked. Lower levels are obviously longer term targets.

UnknownUnicorn461520 Updated 

Because Pluto's orbit changes phase into retrograde, intermediate trend threatened to come back to 0640s or lower.

UnknownUnicorn461520 Updated 

Taking a long via 6C. Stops below 7400 with re-entry in 7380s.

UnknownUnicorn461520 Updated 

May actually take a 1/4 position on this thing. Looks like promising distribution. New high validates the low.

UnknownUnicorn461520 Updated 

Looking for some sideways action, then lower to targets listed.

UnknownUnicorn461520 Updated 

May get decent pullbacks on the way up, but I do not expect real selling until financials reach support lost from 2008 highs. I would expect to see distribution and momentum slow as we approach $28. If and when that happens, I would be looking to build a large short position in SPY.

UnknownUnicorn461520

How the market works.

UnknownUnicorn461520 Updated 

Looking for a move back up to the three targets listed above. The new swing low established on the daily chart validates leg start above.

UnknownUnicorn461520 Updated 

potential swing trade setting up. I went back and reviewed a previous chart and this pair sparked my interest again. I am concerned about making new lows, but as long as the 1.300 area holds the pop back to 1.3550 area would be validated. Losing 1.300 would take us much lower I believe. Risking 100 pips to make 500 still seems like a nice exchange though.

UnknownUnicorn461520 Updated 

The area is somewhat confusing to me. The high at 0615 appears to be forming a bullish wedge, and distributing after testing what the previous high lost. I would have liked to see distribution up to the 0615, which we did not. I imagine price will stay sideways until NFP numbers are released. If my reasoning is correct, price will begin it's decent back to leg...

UnknownUnicorn461520 Updated 

Leg starts validated.

UnknownUnicorn461520 Updated 

Yesterday's low and test of weekly level on news validated the leg starts above. Long from about 0360s.

UnknownUnicorn461520

Martin Pring coined the "Pinnochio Bar." The Pinnochio Bar, or pin bar, tends to offer very reliable reversal signals when identified and traded properly, according to Pring. I'm going to give you an in-depth look at the "pin bar", hopefully shedding light on the incompetence of even the 'trading gurus', because I don't think even Martin Pring understood why...

UnknownUnicorn461520 Updated 

For the memories

UnknownUnicorn461520 Updated 

The rules say 1.0604 is in the cards. Getting to 0600 would also validate the leg start at 1.0413ish.