Get started

Close

DXY Dollar Index Close to collapse againDXY Dollar Index Close to collapse once more The last rally was 77 pips. this one at 93.27 high is the same. DXY will either fail here, the most likely spot, or at 93.49, just 22 pips higher. It should fall away by 2.4% to 91.05. Good for EUR gold, silver, copper longs and baby Alts who need a break and maybe oil too for the next few days. Asusual about 3 wise men will read this comment. It's probably one of the most important there is. Sensible you:)
TVC:DXYShort
by sumastardon
UKOIL: Brent Crude Time to close out longs and consider shortsBRENT CRUDE: UKOIL Trading Strategy Ahead of Opec Sweet Sweet Crude Have closed out the long position finally as Brent touched the upper parallel. It's the fourth strike and should come back from here. Closed at 64.33 for 1833 pips profit on a trade that carried 30 pips of risk from the outset, taking under 6 weeks to achieve. Best win of year (apart from Bitcoin, obviously) Wondering about shorting here, think it's the right thing to do with stop above 64.70 in case Opec deliver a surprise for once. It certainly was last time we tried it. If they do, Brent could rally just above the high today, take out stops nearby and then have a problem again...need to be careful, therefore. But usually it pays to sell before the news... . ..if stop gets struck it means a big surpise, and will look to get long once again on next pull-back, aiming for 67.20 minimum, it could potentially overshoot and spike to 69.73 at the max and then spill over - but that will have to be one hell of a surprise, and a hell of a shorting opportunity too, most likely, if we see it.
FX:UKOILShort
by sumastardon
Aud Usd looking for ShortLooking for a short after price formed multiple trendwaves to the upside ( at least 5 in this case) now we are almost at the daily falling trendline as we see....all we need now is a shift in momenum ..i wanna see a abreak lower ... at least 2 possible entry areas for the patient trader here ...waiting for price to break n close the 2 support areas ( black lines) maybe 1/2 position after the first one ...other 1/2 position after second support breaks ....we will see how we can play it ... guessing is nothing ...reacting is all stay patient and keep it Winning
Short
by Trueman23
MSFT Cutting Credit Spread Losses ShortThe name of the game in trading is knowing when to cut your losses short.  Goldman Sachs upgraded MSFT in premarket trading today, which caused a gap up in the opening price.  We're in the red about $105 from an originally $252 max credit trade.  We're going to wait for market close before cutting our losses on the position. If the close looks to be as if it's going to be above our moving averages (highly likely), we're going to take the loss. If not, we'll hold the position through Monday to determine whether to continue playing the game and even potentially open another credit spread on the Bull Put side for some time premium
NASDAQ:MSFTShort
by EdgeAnalytics
Open Close Cross Strategy, WIPA little work in progress, nothing really new here, just "simple" open-close cross trend trading strategy.. but of course with a dash of my own flavour. So it got less simple.. You can use simple open/close series crossover, or use your preferred brand of MA instead. needs a lot more tweaking before I actually go ahead and publish the script, but still fairly functional as-is. Feel free to make the chart your own and have a play!..at your own risk.. and stuff..
by JayRogers
21
USDCAD - close longsThe long position entered on a breakout of the 1.40 level is finally seeing divergence on RSI. We warned earlier "that this trade (long USDCAD) is crowded: the relationship between the USDCAD pair and oil prices is well known to pro traders, hedge funds etc. Many analysts have written about this trade over the last 12m to alert retail traders to the opportunity. But perhaps more importantly, the recent large moves in the pair are attracting more traders looking for quick gains. When the uptrend is finally exhausted, all these longs will run for the same exit and typically, crowded trend reversals are volatile with large moves in the opposite direction as traders seek to quickly close positions and maximize their gains. On the daily chart you can see that there is potentially divergence between price and RSI: Price shows higher highs (A & B) but currently, RSI does not confirm this bullish pattern because high D is still below high C. If RSI fails to move higher than C, then the subsequent divergence warns of a trend reversal. Watch the RSI indicator closely because it will provide early warning of when to exit the crowded long USDCAD trade and avoid the crush!" The chart below suggests that there is now divergence between price and RSI and its a good time to exit before rush hour! Interestingly, a stonger CAD adds support to the argument that oil may have reached a durable bottom. Good luck.
Long
by aandragon
GBPUSD - close short tradeOn 5 Jan 2016 we identified a level to short this currency pair. The target was at 1.4230 which we nearly reached on 15 Jan 2016. Today we see support has held following the release of Chinese GDP & retail sales data. Whilst the strengthening US dollar provides a decent tailwind for this trade, today's UK inflation data, the muted impact of Iranian oil being added to the global supply and the possibility oil may have achieved durable support at current levels means we are uncertain of this trade's progress. Traders should seek to protect profits in the trade by bringing stops closer or closing the position and waiting for confirmation of the next move. Good luck.
Short
by aandragon
Trend trading is trading support and resistanceI wanted to point out that trend trading is trading support and resistance. What do i mean by that? the first thing i want to point out is you need to spot out support and resistance before you place a trade on the long or short side. Did price close above a key level? did momentum break out with it? if the answer is yes then there is a strong indication to the market going higher of off a break out. For instance, 2 moving averages crossed indicating that the market gave a cross to the upside ot the down side depending which moving average crossed above the other one. in the chart above the 9 moving average crossed above the 26. Along with the cross above the cloud, Now just because it crossed does not mean you should take the trade, is there resistance above the cross? in this case yes there was. I REPEAT i do not take trades before a close above a key level ( close not a break out). By doing so my accuracy has drastically improved. i do not give out where my stops, what strike price or month of a option are because i have had to learn on my own. However i do like to help traders from new to experienced with sharing how to use an indicator an how to use it with market conditions. Thanks for reading.
NASDAQ:MSFT
by tradingformoney
2