Really appreciate all the comments and advice! Keep them coming, as those contrarian ideas keep me wary and force me to be more picky in my entries. Quickly will run through interpretations of technical indicators I use, and will not be providing indicator descriptions due to time constraints. For those curious, very uneventful week - sat on the sidelines till...
Short and to the point! Macro's for USD still have to play out with America being the oil king of the modern world. While administration officials will willfully seek to devalue the currency to increase mfg, and the appearance of wage growth, while making our exports more cheaper and imports more expensive. I run loops in my mind concentrating specifically on...
What a day - almost 1am and I'm finally done chart scraping. This is certainly a passion - hope you guys enjoy it. Great trading week - really only made two trades all week. One non-eventful & the other was an entry on the 28th at 2800 with an exit today at 2827. For a gain of +12%. This was traded with an entry on this inverse head & shoulders. When I trade...
World of uncertainty - entire world of it China tariffs talks continue to drag on Brexit Germany - growth slowing Japan - growth slowing & currency problems PMI - slowing rate of growth Car delinquencies on the rise NK progress, lack of progress, progress ....never ends The market absorbs this news & the equities market continues to rise - this is a...
Hey team, hope this aids as we trade gold together! I thought I would briefly provide my interpretation of various indicators I use for trading. If you see things differently please advise, I welcome contrarian logic - sway me! Macro JP (Fed) continues QT - One would assume this would result in strengthening in the USD / DXY It flies in the face of...
It should be well understood that trading is based off rules of probability. Currently probability dictates favor towards the bears. For those that trade strictly off Bollinger Bands - we see the candle made it through the basis Bollinger band. This broke through that support rather easily. Probability is very high that this will hit 270 and slightly rally as...
There is so much bearish & bullish activity/indicators within the S&P index right now. The TA can be confusing at these times. I have been pump faked 3 times at these prior fib ratios - just saying this next one could be the one however I will wait for confirmation before I go guns blazing into a short. Moving Averages look bullish MACD can still be bullish...
Gold is absolutely in a bull cycle finally. It has consistently been over 1 standard Dev above the SMA since around Dec 1st. RSI says overbought - but not very concerning when one sees it's pattern within the Bollinger Bands Oscillators for the most part look very bullish MA - obviously bullish Volume is clearly a bullish story Global growth concerns...
Check out the RSI & MACD - Bearish Just crossed under the daily MA - Bearish Let's short this thing back to it's support. From there we will look for confirmation and then buy in for the ride back up.
If I am wrong and it crosses $264.5 will exit short.
This thing has had so much positive volume being pumped into it - it is a no brainer of a trade. Personally though I will not be trading this but investing long, long term and am building a massive stake into this. I'm currently up 4% on 3 round lots and am now much more confident building my position. I will plan on holding this for years and will reinvest the...
Concerns: Moving Averages - Bullish Trade progress announcement The Fed being extra dovish Indicators: Volume - Bearish Market rally has been off the back off light volume Fibonacci - Bearish About to hit strong resistance at $270 After a V-rally I'd be shocked if the bulls don't run off with some profits RSI - Bearish Every time the RSI has been at...
Technical indicators are bullish on AAAU Moving Averages - Bullish RSI - Bullish Volume - Bullish Confident it will fall down to support, which would be a good entry point. Think this is trading in my favorite - a wedge pattern. Love the yellow stuff, and think this sector has been beat down for too long, but if we just jump in we may see a short term...
I think this is a buy once it gets closer to $9. Simply look for it to confirm support and then jump aboard.
We are falling below this next Fibonacci level which is great news for us bears. SPY should continue to drop throughout the rest of the day and we may even see a gap down this week. Macro news is overwhelmingly bearish Technical indicators are looking more favorable for the bears - the moving averages are not as bullish Wish the RSI was a bit higher on the one...
For those of you who listened, don't get out of the short just yet! I see more momentum to go! The indicators have just gotten even more bearish aside from RSI, however it was where we were at on 10/3, 11/7, 12/3. I imagine we will see a gap down again as we go into work tomorrow. Happy Trading!
Pretty sure I am going to be viewed as a permabear after this blast. Technical Indicators as I see them: • RSI – Bearish • Volume – The rally continues with weak volume • Short term moving averages have become less bullish – still bullish though Points of potential resistance: • Yesterday’s R1: 275.63 • Fib Retracement: 280.36 • 200 Day Moving Average: ...
Bullish on Saia NEMF just announced they will be bankrupt soon, as SAIA is actively looking to build market share in their territory. Saia's technical indicators are very bullish 9/10 day MA - Bullish MACD - Bullish I keep my speculation acct and investing acct separate. With Saia I will build a small position at $67.88