kinetictrading

kinetictrading

The last 4 times has resulted in a bounce off the low. We are taking some risk off the table and looking at the opposite direction. Disciplined trading trumps reckless abandon over the long term. Put your head down. Stay quiet. Trade what you see. Look up when you need a break.

kinetictrading

Longer trendline would be broken if it closes here or a little above. We are looking to get long after Thursday's WASDE report. Those reports can swing grain and meat futures wildly. The risk/reward on this longer term trade is 5:1. Meanwhile, we are watching and waiting for confirmation of our analysis.

kinetictrading

Remains to be seen - something to watch over the next two or three trading sessions. Fib levels are natural S/R zones and can be used as targets/entry and exit points moving forward. Until it makes a confirmation with price, we watch and wait.

kinetictrading

Platinum, along with gold and silver, have been in a decline for the past month (20 bars) with no reprieve in sight. We will be looking at previous S/R zone of 890-900 for entry points. Bottoming is usually a process and we never look to "pick the bottom". We've learned over the decades that that's a losing game with a negative ROI. We are merely examining which...

kinetictrading

After it held trend line support and with the break out from the triangle, it's time to go long NFLX. The spike volume also is positive and supports our hypothesis.