tomstewy

tomstewy

Markets sentiment is massively risk off at the moment, and shorting cryptocurrencies (other than btc) seem like a good choice. Dot has broker the rising trendline and looking to sell into range support.

tomstewy

Price is forming a wedge pattern in the last 3 months. I imagine price is not yet to break the pattern, and we will see downside for the remainder of March. Technically, looking for a trend switch on the 15 minute chart (moving averages bearish cross) out of these resistance levels. Thanks for reading!

tomstewy

I'm selling WTI contracts today, a few technical reasons, and generally trading with the current momentum. Stop will trail. Lets see how we go!

tomstewy

5 & 10 ema for the 15 minute chart have done a bearish cross out of the resistance zone. We'll be following price with a trailing stop should this move in our favour.

tomstewy

The view from fund managers is still very bullish USD, and this Aussie rally gives a great opportunity to sell the Aussie dollar at a relatively high price to recent trading. This trade has a potentially fantastic risk to reward. We're looking to trail the stop, and secure 50% of the position at a 1:1 risk reward. Please note that using a trailing stop loss has...

tomstewy

AIR NZ Is a lock. Come on, 1. Strategic Market Position Air New Zealand holds a dominant position in the domestic market, serving 20 main centers and regions across New Zealand. Internationally, the airline focuses on the Pacific Rim, leveraging alliances to enhance its network and competitive advantage. AIR NEW ZEALAND 2. Financial Performance In the fiscal...

tomstewy

Adding into my trade idea from yesterday - this trade has 1/4 of the risk of yesterdays, however the retracement of price has given us another entry opportunity, and this time looking to target beyond the recent low price and into the 127% fibonacci level. If you are adding to existing positions please bare in mind your risk management protocols, do not over...

tomstewy

The aussie has been bearish so far this year, and rightly so! We must consider that whilst the US Reserve Bank has talked about cutting rates they have just had a Jobless Claims print lower than the last few decades, signaling that the US economy is going well. In addition, we must consider tensions in Red Sea and the middle east are disrupting trade, and when...

tomstewy

I am looking for nzd/usd downside. The kiwi has been flying well considering the namesake is a flightless bird, and price has reached a significant level. Historically there has been high selling volume recently, price is at a natural structure level on the 1h chart, and there is also a 61.8% fibonacci level coinciding here. Lets see what happens!

tomstewy

Oil supply is dwindling whilst demand is going nowhere. I like oil longs, or commodity longs for that matter.

tomstewy

Short sell BGL. This is a signal fade. In and out. Stocks declining etc.

tomstewy

This trade idea is designed to trade against an unprofitable signals group.

tomstewy

Looking for a trend continuation on the Australian dollar. Why? The US Dollar is strong, is at a previously swing point (now resistance), which correlates with the 61.8% retracement from prev high level. Short term trade :)

tomstewy

Webjet is trading at 180x Price to Earnings ratio, whilst having roughly a 5% profit margin. The company is has only just returned to profitability post covid, and the stock price is ridiculously valued. Webjet caters to the shrinking demographic of those not booking their flights / accomodation direct with the providers. Their biggest competitor is google, that...

tomstewy

Oil is breaking to the upside from previous highs. Technically this is a clear breakout trade, with stops below the last daily swing low. Oil contracts are generally paying a positive swap long currently, making long positions attractive for traders. Additionally the supply for oil is tight, demand is high.

tomstewy

With rising interest rates it now costs traders significant amounts to hold leveraged long positions. Price has stalled at this historic pivot level which also correlates with the trendline and the 61.8% fibo retracement. Generous stop loss. This will attract a positive swap yield also.

tomstewy

GBP/USD has retreated into the 1.2650 key level, which has been a consistent support and resistance pivot level of the last 2 years. This also marks the fibonacci golden pocket of 50% - 61.8% retracement from the high. Sentiment during July was to sell USD on rallies, so traders must be asking whether to continue buying pound and selling dollars now - a...

tomstewy

Looking for some very short term buy relief from gold. Position should be rapidly covered.