Cfds
Buying Oil corrective leg in Wedge formationaccumulate limit long for 1/2 contract size as follows
limit 10k buy @ $36.00
limit 10k buy @ $35.90
limit 10k buy @ $35.80
limit 10k buy @ $35.70
limit 10k buy @ $35.60
limit 10k buy @ $35.50
Target for all @ $37.80
No stops - prepare to hedge shorts @ $34.00. Risk : Reward, about 1:1.
Don't chase the market. If you miss the trade, remember its a Friday, and you might not want to close the week on a bad note.
Take Care & Stay Safe
FTSE100| BUY TRADE📈| INVERSE H&S!| INTRADAY🌟Hypothetical scenario:
(1) Entry @ 6325.0 (Buy LMT )
(2) Stop Loss @ 6290.0 | 35 points
(3) Target @ 6419.0 | 94 points
(4) R:R = 1:2.69
Stay tuned for the updates.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
Using the coming Correction in 3ivThere is a 5 wave motive clear now on the hourly with the above count possibilities.
If you are a conservative trader, it is best to use the conservative count (1-5), and update short limit entries in accordance with the latest update on idea # 15.
If you are some what aggressive use the count (3i-3iii), then market should be doing a 3ii to sell in today. Place limit shorts as foolows
short 10k @ 37.65
short 10k @ 37.7
short 20k @ 37.8
short 10k @ 37.85
short 10k @ 37.9
short 10k @ 37.95
short 10k @ 38.00
With the limit shorts filled on idea # 15, a 1 standard contract should have been accumulated. SL is subjective. TP still at $ 36
Take Care & trade safe
Correction 3ivThere is enough -ve momentum now on the 5/15min TF to show possibility for an extended correction.
Sell 1/3 standard contract @ $ 39.50 to target $ 36. No Stop loss
Try to accumulate 1 standard contract for an $10000 account.
The entry @ $39.50 will then be the 1st entry, expect to add two more.
That's why there is NO current stop. Stop to be placed after all entries taken on overall lots.
Take Care & Stay safe
AU200| SELL TRADE📉| @MKT EXECUTION! - INTRADAY🌟Hypothetical scenario:
( 1) Entry @ 6093.5 (Sell MKT)
(2) Stop Loss @ 6106.0 | 12.5 points
(3) Target @ 6050.0 | 56 points
(4) R:R = 1:4.48
Stay tuned for the updates.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
Small Correction + continuation in 3vThe triangular correction has shifted to that shown on chart
Close all pending longs at market for profit
Compile another long position (1/2 contract through limit orders @
Buy 10k @ $37.90
Buy 10k @ $37.8
Buy 10k @ $37.7
Buy 20k @ $37.6
Buy 10k @ $37.5
TP for all @ $ 39
Take Care & Stay safe
AUS200| SELL TRADE📉| INTRADAY SCALP| VWAP FADE🚨Hypothetical scenario:
(1) Entry @ 6019.0 (Sell LMT )
(2) Stop Loss @ 6029.0 | 10 points
(3) Target @ 5990.5 | 28.5 pips
(4) R:R = 1:2.85
Stay tuned for the updates.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
Oil Market doing extended -3 The market is doing an extended wave -3 - probably to fill the gap on charts to $40-$42
Always buy the small support ledge that forms between <38.2%-61.8%> pending every minor motive wave that extends on the 1hr chart (can be Elliot detailed on the 15 min)
Accumulate to close all at $40
Currently compile 1/2 contract longs at:-
10k $36.10
10k $36.05
10k $36.00
10k $35.95
10k $35.90
10k $35.85
SL / Hedge at $ 34.50 (-$1.5 away on average). TP @ ($4 on average)
Take Care & Stay Safe.
AUSTRALIA200| INTRADAY BUY TRADE📈| VWAP BOUNCEHypothetical scenario:
Entry = White line (@MKT)
Stop = Red Line
Target = Green Line
Stay tuned for the updates.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
Broad Ascending Triangle Wave 4BBuy a coming retraction into wave-c of this ascending triangular formation.
place limit buy orders to accumulate 1.2 standard contract per $ 10000 account
Buy 10k @ $ 31.30
Buy 10k @ $ 31.40
Buy 10k @ $ 31.50
Buy 10k @ $ 31.60
Buy 10k @ $ 31.70
Buy 10k @ $ 31.80
Buy 10k @ $ 31.90
Buy 10k @ $ 32
Buy 10k @ $ 32.10
Buy 10k @ $ 32.20
Buy 10k @ $ 32.30
Buy 10k @ $ 32.40
TP @ $ 34 (Wave-d) SL / sell stop hedges @ $30.40.Position average $ 31.85 - Risk -$1.45/ Standard contract. Reward $ 2.15/ Standard contract
Take Care & Stay Safe
Short Accumulation in Oil Futures - Wave 4BAccumulate shorts into the Right shoulder of the formation
Size = 1 standard contract per $ 10000 Account - distributed as follows
limit short 10k @ $32.50
limit short 10k @ $32.60
limit short 10k @ $32.70
limit short 10k @ $32.80
limit short 10k @ $32.90
limit short 10k @ $33.00
limit short 10k @ $33.10
limit short 10k @ $33.20
limit short 10k @ $33.30
limit short 10k @ $33.40
Take profits 500 pts from each entry. Take profit zone < $27.50 to $28.40 >
SL / Hedge equivalent amount of buy stops 150 points from position average @ $ 34.50
Projected Position average around $32.95
Take Care & Stay Safe.
DAX EMAs Shows Bullish Stack; Line Up For Momentum PushThe above chart show's FXCM's DAX proxy - the GER30. We note that the orange 13-day EMA has crossed above the black 34-day EMA (green ellipse). This has put the EMAs into a bullish stack. I.e. the green 5-day EMA is above the orange 13-day EMA, and the orange 13-day EMA is above the black 34-day EMA. If the EMAs develop angle and separation to the upside, it will denote an unfolding positive momentum for the index.
SPX500 Reacts Off of Resistance Level on DailyFurther to our previous article , the SPX500 has reacted from overhead resistance. The index is now challenging its black 20-day SMA support. If it crosses below and the SMA turns down this will be bearish development. We are also watching the daily RSI to see if it slips to the bearish side of 50. The right chart shows the hourly time frame. Here, the EMAs are in bearish mode and the RSI is below 50 (green ellipses). If the EMAs show further angle and separation, the index will be heading lower.
XAUUSD Gold is a little complicated last days as we can see no clear movements. Just collecting stop losses for sure. I saw this wedge pattern tell me what u think. Direction is not clear at this moment could go both ways. My opinion is Upside cause of overall trend since February.
Tell me your thoughts
UKOIL: Downtrend Bid + Retracement LongFirst off, please don't take anything I say seriously, as always this is on opinion basis. That being said, let me get into a few key points I want to make. Oil is about to go back down on the demand curve and have increased resistance, especially in indexes and/or options trading. This is mostly due to price corrections and a result of the sentiment going on from people reacting to the Covid19 pandemic. The demand curve going down = oil going down = price corrections as a result of impacted news. It is that simple, and this is why I predict a small imminent bearish period for UKOIL, but a huge upswing investment opportunity.
SPX500 Struggles To Overcome ResistanceThe left charts shows the daily time frame of the SPX500. We note that it is above its 20-day SMA and that the RSI is above 50. These are bullish, however, the index has struggled to overcome the 2,900 level (red shaded horizontal). The right chart shows the hourly time frame. Here, the EMAs are rolling over and looking to cross down and the RSI is threatening to move to the weaker side of 50. The market is nervous ahead of the Fed statement at 6:00 pm GMT and the press conference after. If the EMAs cross and develop angle and separation the index will be retreating from the overhead resistance.
Natural Gas | More DownsidePlease support this idea with LIKE if you find it useful.
Overall we are moving in a Descending Channel and the previous rejection can lead us to the lower boundary being retested.
On closer look we see the price is under Ichi Cloud resistance zone and 50 MA dynamic resistance. Also price producing bearish engulfings, which confirms the decline.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.