taftrader

taftrader

This is quite interesting that blue zone is good resistance zone from the daily and weekly and we already saw that strong rejection candle. We should reject the zone again and dip all the way down to 1.9200 zone...or slightly above. So prudent trade would be a sell stop on break of 1.9330. Sell stop makes sure I only get take in when I am right. The R=3.57

taftrader

Yes initially I wanted to wait for the deeper dip but I am liking this level here so will put in a very small position for the correction. Note its a small position due to the riskiness of the trade. Put a buy stop slightly above. Literally catching daggers! If it works its a 2.92R ....well its actually 20% of normal R!

taftrader

Price is having problems overcoming that boundary for a bullish move. The path of least resistance is going down. Next target that daily SSB. The risk to reward is very 'rewarding; at 4.38

taftrader

Good rejection on the 4h timeframe from that trend line support. Looking to play that all the way to 0.9800. Caution should be take at the 0.9775 zone as there is strong resistance there so prudence should be taken by either protecting profits or exiting

taftrader

Pound still looks very vulnerable to me.. Intraday looking for rejection from the 1.2300 zone there. A good risk reward if it works out. Remember wait for the rejection candle on the 1hr this time then pounce!

taftrader

Looking for a correction down. We have strong resistance for the monthly kijun just above at 1.3090-3100 zone. That should be hard for price to penetrate so I am expecting rejection from there and we correct down. R should be about 2.69

taftrader

Its a case of conflicting signals, the weekly posting a strong bullish candle but at the same time the weekly tenkan posing as resistance. Daily seen to be rejecting this resistance by posting a fairly strong bearish candle from that tenkan zone or trend line. I am going to follow the primary trend and short it but at a sell stop @1.5885 targeting recent lows for...

taftrader

We are oversold on the indices and will be looking for a bounce...dnt know if its just temporary relief or the bottom....I dnt care actually I will just carve up my piece of the meat:)... buy stop at 6475. . . . .(already pocketed gains from the short see attachment)

taftrader

The short played out well but now but now going to play the rotation back up...mean reversion!! We should get a 2.8 R if it plays all the way to 33000. Entry is buy stop @ 30253.

taftrader

Another potential bounce zone here. Looking for convincing rejection on the lower TF and will take it up to the blue zone. Potential 2.85 R!

taftrader

Looking to take a bounce rejection from that 1000 zone. If price on daily shows retardation will buy it targeting blue zone.

taftrader

I remain bearish gold from my previous ideas and now looking for a break of the low to be taking in with a sell stop at 1833.09 and target the 1760 zone. Price nicely broke out of that triangle and came back to test it with rejection,. The ideal sell signal would have been that first strong rejection candle but better late than never:) The R multiple is 2.48.

taftrader Updated 

Reversal pattern in reverse head and shoulders. If price can overcome the cloud resistance we It can go all the way to 1.4000.

taftrader

It certainly doesn't look good on the weekly. Price failed to continue that bullish momentum into the SSB. The subsequent rejection n the form of hanging man-ish looking candle is a catalyst for my short. The target is the other side of the SSB. It could just drop and be done in a week you know. . .R multiple is over 3.

taftrader

Just as I suspected the zone held out and price is struggling at that zone with that rejection candle/retardation rather. I have put a sell stop so that the drop takes me in if I am right. . . This has a very good R of almost 4 with a stop at 1875. Lets see how it goes.

taftrader

I am looking at the 1872-73 zone to be an inflexion zone for gold with a strong short from there after confirmation of retardation. Mean reversion really. So I adjusted my original stop to a little higher than 1875. . .We should drop like a stone from the red zone.....Soon as I see this retardation, I will short it. Risk is maintained by small position really...

taftrader

I definitely like that bullish momentum with volume and although it did not dip to my level rather it bounced on the 30m ssb. I will put a buy stop at 198 so that I am only taken in if right and stop 184. The ultimate target is 250 zone but will add and remove as appropriate. The R is 3.58 if I take it all the way up;)

taftrader

Turned mildly bullish on Netflix on 31 May with a tk cross. However the volume was not convincing so today will be doing just a day trade to test my bullish thesis. If successful then my day trade can potentially turn into a swing. On the monthly we had a bullish hammer caused by the monthly lagging failure to cross down the monthly SSB. If this persists then we...