VIP_Trading_Technologies

VIP_Trading_Technologies

It took quite some time but in the end we locked in our profits. Let's hit the support trendline to open some longs. Cheers.

VIP_Trading_Technologies

Planning to trade according to the SR levels shown in this chart. They drove prices way too high in the worst moment and they are killing demand, therefore I think a correction is highly needed to attract new contract longs. If you look at the options volume and heat map you will notice that by march-may 2022 there will be a bottom in price, coinciding with the...

VIP_Trading_Technologies

Here's a self explanatory idea. Reasons to support the idea. 1. OPEC+ agreeement to output hike 2. Lower demand globally 3. Raising covid cases worldwide 4. New lockdowns in some urban areas 5. IRAN nuclear deal in sight 6. China and India reducing imports due to high oil prices 7. USA, China, India and others are using their SPR to counteract the high oil prices...

VIP_Trading_Technologies

We hit EXACTLY on the long term resistance trendline and now what? I'm not fond of trading Cryptos and therefore I have zero interest if the prices goes up or goes down. Being said that I will just share my view strictly from a technical point of view. Many weeks ago I commented about the possibility of a Head and Shoulder pattern developpement and at some point...

VIP_Trading_Technologies

From my point of view, and regardless of OPEC efforts to sustain high oil prices, I think it is about to burst soon as demand is not picking up as expected while new delta variant covid is spreading quickly worldwide (I'm currently suffering it myself!, infected since last weekend). I think that would be good and helpful for global economies to soften oil prices...

VIP_Trading_Technologies

Nothing has changed in my view even after the FED comments of yesterday. I remain bullish in short term and bearish in the much longer term. 1870 seems the area sought by bulls while bears still need to clear out 1754 to invalidate a possible inverted HS pattern. Cheers

VIP_Trading_Technologies

The way I see it is that we are currently on a descending channel and if it holds it may lead the price to the anticipated 17k level. Failing to hold, would most probably trigger a new fresh interest for buying positions reaching new highs above 80k. But first things first. 42k is the area to clear out for bulls, while bears may be looking for the spotted HS...

VIP_Trading_Technologies

Some correction needed at this level in order to assault the 33.18 area.

VIP_Trading_Technologies

1.4017 has proven to be an important resistance so let's see what happens this time.

VIP_Trading_Technologies

After hitting almost my target (purple rectangle) the price started to recover so I am not certain at this point if that will be enough to continue with the next movement upwards or it will retest once again the lower area before the continuation. I'm closely monitoring the pair to decide accordingly.

VIP_Trading_Technologies

FED comments send the greeback down to its knees but after the dust settles I think it will continue its ascending path. Cheers

VIP_Trading_Technologies

No trader is perfect so neither am I. There was a false breakout (apparently) that lead me to take a failed trading BUT after a thorough study of the chart I decided to keep my position open and protect me instead with a sell order (partial hedge), so I can manage the risk of my positions better till the purple line below. My sell order is just in profit with a...

VIP_Trading_Technologies

Few more pips and price should be correcting a little bit.

VIP_Trading_Technologies

So far the path is quite well respected. Cheers.

VIP_Trading_Technologies

Inner descending channel spotted in a long term ascending channel. Possible HS pattern developping (currently forming a right shoulder). Cheers

VIP_Trading_Technologies

My dear oil has been performing insanely wild in the last sessions, from a massive dump to an outrageous recovery. Very well played for the bulls to bring prices up and beyond. As long as we do not go any higher than previous high and if we remain in the previous descending channel, I will remain as well bearish. The fall was expected but big hedge funds went way...

VIP_Trading_Technologies

Still waiting to reach my target. Hopefully will happen shortly.

VIP_Trading_Technologies

Why is it taking so long to reach my target? Still a great call but boring range (consolidation?). Let's see how this plays out.