Countertrend
SHORT EUR/AUD.SHORT EUR/AUD, IF*** there is a clear rejection around the 61,80% and 71,60% level of the fibonacci. The market reached the top of a downtrend channel, it also reached a counter trendline, the market seems to be rejecting the 200MA on the daily timeframe and seems to be rejecting a weekly key level above (purple zone). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
NZDJPY - Bearish SharkAfter the bearish shark confirmation through the bearish engulfing candle, I'm waiting for a check-back on the daily chart(left); on the 4-hourly chart(right) to engage the trade.
Most likely this will be a trade for tomorrow for people who are living around the (+8GMT) timezone.
NZDJPY - Bearish SharkAfter the bearish shark confirmation through the bearish engulfing candle, I'm waiting for a check-back on the daily chart(left); on the 4-hourly chart(right) to engage the trade.
Most likely this will be a trade for tomorrow for people who are living around the (+8GMT) timezone.
Trade Ideas Position: EURUSD SharkA bearish shark pattern has formed on the 1-hourly chart, it is not convincing for me to engage the trade reason being of the consolidation area and both oscillators are not congruent, however, the 4-hourly chart looks good as a double-top, I'll need a confirmation candle to engage it.
Now, why is that so?
The overall bias I have on this trade is bullish on both the 1-hourly and 4-hourly chart, other than the chart patterns and filters there is no other clue suggesting a shorting opportunity, however, it is true that all trending movement, there is a retracement and the earnings for the retracement can be good.
USDCAD
This pair is currently pushing down very strongly on the daily chart. But, it is coming into an area that I consider to be the Weekly Support Zone. This is an area that the USDCAD has tested multiple times in the past as support and resistance and is possibly an area that we could see a nice bullish bounce out of this market. For that reason, I will be waiting for price to come into this area for possible long trades.
My short term outlook will be to short this pair towards the Weekly Support Zone. I'll be looking for possible entries on the 1HR, 4HR Charts.
Weekly Support Zone(Grey Area) = (1.31837-1.32572)
A boring 18 month counter-trend experiment with Dow StocksThe selloff appeared to have reached a recent low defined by liquidation, high anxiety,
hitting potential short to medium term lows by 2:30 PM on March 23, 2020.
For the longer term position trader who would be no different than a long term investor in large cap companies, The prices for the week ended March 25, 2020, may have been an opportune window of entry given the levels of volatility and broad liquidation across most asset classes.
positions were taken by the close of March 24 and March 25, 2020, Q1 2020
A small selection of Dow Dividend giants was chosen for this experiment in counter trend positions,
which will be concluded in 18 months, or about September 2021, the end of Q3 2021
These will be the beneficiary of any recovery effort which will take time to unfold
if there is a systemic risk, it would be seen last among the largest enterprises,
Disney's recent 1 yr credit financing hints that the large incumbents may succeed as both speculative positions and investments
The lineup includes:
Home Depot
Intel
Microsoft
American Express
Visa
Goldman Sachs
Apple
Disney
3M
Trade Ideas Position: USDJPY CrabIt's a great bullish run on the previous Gartley pattern where my final target profit level was set at 108.40(+129), unfortunately the trade was taken out by our protective stop at 107.40(+29), and it just never presents an opportunity of my preference to engage the trade.
You have to know that in trading all decision has its pros and cons, if the stop-loss is set to entry, there will have time that it cancels out and leaving your without profit and if you leave your stop-loss at the level you engage, there will be times it hit losses after profit, most importantly you have to choose 1 that suits you most.
At this moment, a bearish deep crab pattern has formed and respected the HOP level, I'm waiting for a checkback to trigger my sell limit. Best Reward: Risk(RRR) but it is also at the higher chance for a stop-out as it's at its extreme.
Trade Ideas Educator: EURJPY CrabA bearish crab setup as a counter-trend trading setup. This trading setup can be tricky, the PRZ form out of the downtrend trendline, the market also has a break and close above of the PRZ.
It is still a trade I would engage after the confirmation. The 1st target I'm going to exit is within the buy zone, that would enough for me to place my stops to entry for my 2nd target.