paulyberndt

paulyberndt

Looking at the Yen this morning it is sideways with a bearish bias on the 4 hour chart The arrow on the chart is a fractal and if it breaks through that it should go through those buy stops sitting underneath. I have a alert at that level. My thesis is that it will retest the lows at 100.82 area. Will see

paulyberndt

NFLX is selling off however as Dr Elder says always start your analysis with the weekly chart. NFLX now coming into a demand area and the rules of the Alligator system do not allow you to short into the Alligators mouth. I have a buy order at the highs. I will watch the daily for a better entry if it sets up

paulyberndt

Dollar is breaking out and found support on top of the kumo cloud this morning and price above the cloud bullish Chickou white line has cleared price from 26 days ago also long US dollar

paulyberndt

Although the double top on IWM remains in play price is still in a area of congestion. For the bears price is again below the Kijun blue line and my first target would be 111.26 area the top of the cloud on the weekly. For the bulls this would be a great entry point as this is a buy setup at the cloud.

paulyberndt

On the daily the EURO is throwing dojis and this is reflected on the hourly Ichimoku. Price is stuck the Chickou white line is inside price. Price currently is between the tenkin and kijun lines, blue and green lines. telling me to stay out until a better signal Daily is bearish and I look for further downside and break soon

paulyberndt

On the daily USD/CAD in the saddle point and looking to breakout. Buy stop 1 tick above of fractal candle marked with a protective stop under neath the Alligator blue line. First target the most recent swing high/

paulyberndt

Price is inside the alligators mouth now and is in a area of whipsaw and price has closed below the teeth red line. can go either way is it consolidates. looking for a valid signal now. in cash

paulyberndt

DXY is approaching a area on the weekly now of significant cloud resistance. I suspect alot of sell stops in this area. This will effect the EURO, YEN and so on. Watching for a lift now on the Euro Chickou white line 26 weeks ago is up against resistance as well.

paulyberndt

I am short the Euro as it took out this Fractal shown. Price was consolidated but with Yellens testimony Euro making a move. Weekly is on a sell Signal too and we took out last weeks low on the weekly. This is a longer term trade and I will add as more signals develop

paulyberndt

we are failing at this 101.60 area on the 2 hour chart So far in July we continue to have failed highs on the 2 hr chart momentum bearish on weekly and daily time frames. They are selling into strength as it retests resistance on the daily A close below 100.82 will break this consolidation trading range and a level I am watching.

paulyberndt

Home Depot is on my watch-list for a short. With recent weakness in consumer discretionary and warnings from the CEO of Walmart and other earnings misses such as lumber liquidators I see weakness in this sector. .Big money is already selling ahead of earnings. I will wait for my setup. Will need two red bars below the 0 line on the Awesome Oscillator and I...

paulyberndt

I am watching the miners on the weekly. I will go long after it clears above the fractal marked on a daily it is just about a double top so I want to see that it clears that 28.03 area. The bullish divergence is classic Elder showing the bull is breaking the back of the bear LOL Once it clears that area I will look for entry points on the daily. It is inside...

paulyberndt

if price breaks the kijun line we will go lower otherwise we are still bullish that I see. At a minimum you need the 20 day ma needs to be pointing down with price underneath. Alot of things are at buy points now and at fair value.

paulyberndt

Yen closed below the cloud. I have a buy stop under today's low. If the risk theme changes and yield is being chased other than US bonds I look for the dollar to continue to weaken this summer.and this consolidation in the Yen will change. IMHO

paulyberndt

On hourly setting up for a buy. Momentum has shifted on 4 hr chart. see if its hit this morning, looking for a retrace here after this heavy selling

paulyberndt

On the 4hr chart of the EUR/USD I am waiting for a setup to go short. Price on the Euro closed on Friday on top of the Kijun line and for me is at equilibrium and at fair value. Now it depends on DX-US dollar and how that moves. I am waiting for the Chikou line to clear below the cloud on this 4hr time frame and I will go short. Price on the daily is bearish...

paulyberndt

As Twitter goes to earnings at the end of the month I am waiting for a breakout above the cloud. I will use an 80 delta deep in the money August call. This is getting very close for a buy and a breakout

paulyberndt

Apple is beginning to attract buyers now prior their upcoming earnings. My profit target would be the top of the Keltner channel. Using deep in the money August calls with a 80 delta. Weekly chart shows a blue elder bar however with earnings approaching I suspect there will be more buying pressure.