I have only traded SPY/QQQ for months now. Still randomly keep an eye on gold. Looks like a time to long the yellow may be at hand - soon. Still soon. I wan't to really get into the position once I know it will rocket past 1300 again. I'll let the TA speak for itself for once, and it is saying that building a position now would be prudent. Happy Trading!
Testing new script finally just finished, so work with me! Bollingers - Overbought MA - Still Bullish STOCH/RSI - overbought Good luck Trading!
Crazy week, and I was long before that sell off EOD - planning on selling off hedge at ideal time to catch rally if the market continues down, or I will stay long if the market changes course again. Every executed trade so far has been profitable since March 23rd, however current trade is against me. Luckily risk mitigation was at play because of the FOMC, so my...
I still see the marcro trend in full bull, here is a chart of the 1 month oscillators.. would be interested to hear from someone with more experience how reliable these indicators are on such large timescales. I see a host of other bullish indicators - ICH right now is still bullish MA Ribbon Bullish Still is stretching two standard deviations made...
Hot streak is alive & well. Writing this at my third different hotel just this week - as I said, busy week traveling. Crazy week - was stranded on the Philadelphia Tarmac for 2 hours on Tuesday (ironically was in Purgatory while reading the Diving Comedy) so missed connection and was almost trapped in O'hare for the night. After getting there at 1:30am, I woke...
We can see here the target - sourced in the related idea below was successfully exceeded. Was surprised by how strong earnings came in today. Will be curious about the low tomorrow - don't live in the pivot points but this may be an appropriate time to pay attention to them to find the short term trend. Will our lowest low tomorrow be 2915? Will be on the...
Not putting my money where my mouth is with my oil TA - not trading it anymore, so take this for 10mins of passing TA. This looks a bit overdone on the uphill climb, however there is a great deal of macro events promoting this rapid climb. We can see here we are due for a FIB retraement point very soon. Still see oil in an overall bull trend, that is still...
Hey guys, VERY happy I did not add to longs past $1300! You can see on the related link below I was warning of a better entry due to TA. On the weekly Kagi we can see there is an opportunity for more momentum down statistically, however when looking at the oscillators we are in very oversold territory. It is at this point that a long position should begin to...
Long Bias is running strong - however this is a very temporary trade for me. Target here on the April Monthly: Please be advised the current king trend here continues to be full bull though. I am in a put vertical spread favoring the long side with a probability of profit of 62%. There is a great deal to be bearish about so my target is rather modest at...
Crisis Mode - 56% Short Float Bearish Descending Triangle Pattern Will not be jumping in promptly because the daily TA isn't screaming bearish conditions, but think this is one to keep an eye on..!
If this breaks out of that wedge this will be going to the moon. TA indicates bullish conditions going into next week. Will be observing.
TA - Bearish Conditions Potential H&S Developing Will be observing - practicing pattern recognition
Hey Traders, Another weekly SPY update! --Weekly Trading Update-- Prior week consisted of only two trades - each one was a put vertical spread favoring the long side, one in SPY the other QQQ. All trades ended profitable with 9% avg gains. Trading Changes Only trading off indices/es indices (Not focusing on any individual equities or commodities) Only...
**Not saying to long $BBBY!** If this breaks out of this wedge I think it will sharply rise up as there is currently 32% short float. There is also 32% short float - if this isn't a strong indicator than nothing is. TA is also telling me bullish conditions when looking at indicators on the daily - weekly actually makes a very bearish/overbought case. The...
--Bearish Indicators-- Weekly STOCH Weekly RSI Weekly CMF --Bearish Indicators-- Daily McGinley --Bearish Indicators-- Weekly/Daily Coppock Curve CMF - Bearish --Bearish Indicators-- Ich - Broke through support, moving averages bearish Traders on TV were longing based strictly off Ich support.. Bollingers - Mixed Signals...
Found another inverse H&S guys. Will be going long in a hedged option strategy as I see a great deal of daily technical support as well. CMF included
FOSL is currently in a Triangle Descending pattern. --Bearish-- Triangle Descending Pattern Short Float - 36%!!! Weekly RSI Weekly STOCH Macro Environment --Bullish-- Daily RSI ... --The Plan-- Waiting for it to confirm trendline, and upon retracing will enter a short position through a hedged options strategy. Will be seeking to hold short...