DATA/USD - Try Again to Go LongGreetings to all friends!
Who has been attentive the last couple of days already rushed to participate in the trade of the StreamR Data.
In the next few parts, the consolidation of the first wave structure will end. And presumably we are waiting for a new run to new highs.
I'll be brief in my first public analysis and only indicate the goals, as well as the points that you should pay attention to.
Trading structure.
Enters
If you prefer risky entry and big profits - you can enter the breakout level of 0.170 provided there are large volumes of trades (with STOPs at 0.149).
For a safer entrance, I would recommend waiting for a breakout of 0.190 with a good volume, a rebound from the current ATH of 0.210 and an entry during upward movement, provided that there are large volumes of trades (with STOPs at 0.159).
I'm prefer 50/50 positions stack to enter with 0.170 and 0.190.
Take profits
The first level for the profit of risky transactions opened after 0.170 is 0.209. To take profit here is necessary to secure trade from a rebound from the ATH.
The second level is 0.248 because of the presence here of large volumes of sales and also the proximity of the psychologically important level of 0.250.
The third level of 0.2729 is the level of 1.618 Fibo from the previous wave structure.
What to look for
This market is traded on relatively small volumes, therefore, in moments of doubt and confusion, any order greater than $ 10,000 can break the course by 5 or more points and change the trend towards flat movement and new consolidation.
It's for this reason that the past wave structure was slightly ugly. Any large loss-order strongly influenced the behavior of the market.
If you have large position sizes (for example, more than 100,000 units), it is recommended that you place the orders with a grid in front of the expected take levels
For example: not 90,000 at 0.209 but 30,000 on 0.2049, 30,000 on 0.2079, 30,000 on 0.2089.
Remember that any decisions you make or do not make are solely your responsibility.
Happy trading, my frieands! Comments are welcome.
DATA
DATA Breakout?RSI is bullish and we have a consolidating range which could give us a long opportunity. Be advised, this market is currently very speculative as it has limited trading data for pattern identification.
Data - Green/Red We Will Know at the ArcThis is Data's first crash so we have no history to judge how it will behave - Data made a good recovery yesterday and is definitely one of the stronger coins at the moment - How it handles the next arc pair is important but I've started accumulating at what I hope continue to be sale prices lol - Tight stops on any coin you buy is wise right now, often these big downswings come in pairs....
Data/Dollar UpdateData looking healthy after the shake out - We're in the ascending channel between the 2x1 and 1x1 fib rays, resistance here at the arc pair - If the candles get thru the arc and above the 1x1 Data will go super bullish - Resistance/support is shown by the arcs, fib rays and tops/bottoms of squares
Data/Dollar Dart DataData is stuck under the downtrend from the initial impulse - The price is holding but the candles are slipping down the fib rays under the descending resistance - Tip of the dart is approaching, we will see a break up or break down here
DATA - Upward channel breakdown short from $69.63DATA broken down from a long term upward channel & seems breaking down strong support area. It has strong insider selling at this price.
We think it has very strong downside potential.
* Trade Criteria *
Date First Found- November 15, 2017
Pattern/Why- Upward channel breakdown short
Entry Target Criteria- Break of $69.63
Exit Target Criteria- $64.33
Stop Loss Criteria- $73.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
$DATA getting ready for a breakoutFlat topping over the last 3 weeks and now looks ready to breakout of that pattern.
NUTANIX a 'must have' stock for me.Fundamentals:
Interesting article
www.investing.com
Especially this graph:
d1-invdn-com.akamaized.net
Technicals:
Impulsive break of 23$ with steady volume picking up, dips will be very good supported. There is a great chance that we will see another leg higher into 30$ for a gap fill.
There is a big chance that this correction is over, and the next leg has started my stop will be around 21$.
All the best..
NZDUSD long idea (m30/H1)The long blue wave was formed at m30/H1 time frame and once successful, it will become the natural part of the major yellow structure.
As the bulls have been keeping pushing this pair up without significant resistance since 11 May 2017, the minor pattern has good chances to succeed even though currently it is not being supported by RSI divergence/volume/data.
I expect the major resistance to start only at the previous maximum area (point III*).
Opened 3 buy positions at 0.7428, SL 0.7389, TP 0.7470/0.74984
Bearish Black Swan GBPUSDSterling looks to be capped at the most recent high of leg D of this Black Swan pattern, even with the pressure of negative CPI data and tensions with the east the DXY is looking to extend some upwards action with US yields data. Sterling on the other hand doesn't have much to stand on as most of the upside momentum has been delivered from US data and news.
Type 2 close on 1.257X
Breaking fresh support level B
Leg D closing below highs printed in march
Elliot wave forecast indicating an opportunity to short this pair
(D) Not quite ready yet. Good for trading when bearishToo early for investing. Trouble there at EMA50. If support fails, S1 Pivot likely to tested for support.
Should bulls rush in, P Pivot will be tested for resistance.
One possible trade scenario. What matters is your plan and your rules.
(D) Follow up from earlier. Met S1 Pivot but momo likelyto continue. If so, it will hit round numbers on the way down.
If it is too sudden, it may chop some before testing prior lows.
Obey your rules.
UPDATE: NGAS ShortWARNING: Tomorrow is a massively important day for short holders. Firstly it is important to note that there is very big spread between December ($3.066) and current contracts. Furthermore, tomorrow invontory data is released. If you see December contracts gapping down tomorrow that is a very bearish sign and could indicate that there is a short opportunity regarding the data. If we don't see a spread close, then we should all be extremely careful and exit immediately if data is positive as it will mean that NGAS will ride back to first resistance and trend higher for the days to come. At which point a short could be a possible trade to ride it back down.
USDJPY/ GBPJPY: BUY $YEN IF DATA MISSES; SELL £YEN IF DATA HITSThe Risky BOJ front run trade using CPI inferences
- I find it very interesting that the BOJ is releasing ALL of its key economic data (minus GDP) before making the easing decision, especially as we have already had CPI data this month so we will have an 2 CPI releases in one month which ive never seen happen before (CPI from JPY is usually due next week).
- This to me indicates strongly that 1) All of the data released e.g. CPI, employment, retail sales, industrial production has some weighting on the BOJ decision and 2) that CPI especially has perhaps the strongest weighting on the BOJ decision as they are releasing 2 CPI prints in one month which means they brought forward the measurement by a week - this means they value the CPI print strongly.
- Therefore, knowing this, in an ideal world either 1) ALL of the data will contract, which puts more pressure on a big BOJ easing package or 2) ALL of the data improves which eases the the pressure on the BOJ package - thus from here we are then able to take risk with an "educated" guess of what the policy will tend to be i.e. big or smaller.
Long USDJPY if CPI less than -0.4% and generally weak/ miss other data:
1. The rationale is that a lower than expected and last print shows the JPY economy is decelerating even more aggressively than in previous months and therefore the BOJ will me MORE inclinded to ease heavier, as the data suggests there is a bigger problem.
- Obviously the data/ CPI print imo acts as a function of BOJ easing, if we get massive misses across the slew of data then we should expect a bigger easing package than if there is only a slight miss - therefore we should treat our trades the same way.
2. Long USDJPY by xlots depending on the serverity of the data miss e.g. if CPI was -1.0% and unemployment ticked up to 3.4% i would do 3lots long usdjpy. If it was -0.5% and 3.3% i would do 1lot for example.
Short GBPJPY if CPI is greater than -0.4% and other data generally hits/ is positive
1. The rationale is the opposite of the above - we assume if data improves that the BOJ will be less inclined to do a big easing package so we expect yen to remain strong so we go long yen and short GBP.
- Once again the lot size is a function of the serverity of the data e.g. if CPI turned positive to 0.1% and unemployment dropped to 3% we would short 3lots. vs only 1lot if CPI ticked up only 10bps from last and unemployment ticked down only 10bps.
Risks to the view:
1. The First risk is that data in general is considered to have "underlying trends" so the fact one print is outstandingly bad/ good might NOT impact policy e.g. thin about US NFP that was less than 100k and shocked markets - but it was a one off so didnt make the FOMC cut rates back.
3. Data underlying trends thus can reduce the weighting this data is given e.g. even if CPI improved to 0.1% from -0.4%, the BOJ could argue this is a one off print as the underlying trend for the past 6m+ has been negative inflation thus they will go ahead with a big easing package.
- HOWEVER , the above point "3" in mind i believe data to the downside will be given a greater weighting than data to the upside, so we should have a short yen bias as weak data has been the underlying trend for most data points (especially CPI).
-Further, i also think tail-end/ RHS/ LHS results will be given a proportionately larger weighting in their decision so this should also be reflected in our trading e.g. if CPI was -2% from -0.4% i would be a much much more aggressive buyer of UJ than if a -0.5% print from -0.4% is seen. The same can be said to the topside, if i saw +1.5% inflation from -0.4% last i would be a much greater seller of GBPJPY than if i saw -0.3% CPI from -0.4%.
GBPUSD VOLUME & OPEN INTEREST, FULL(NOT ON CHART LIST IN TEXT)THIS REPORT IS IN TEXT ONLY. CHART DATA CONSISTS OF SESSION LEVELS COUNTED EARLIER, I HAVE PREPARED AN OPTION LEVELS TO SHARE WITH YOU, THAT CAN BE USED TO FILTER OUT LEVELS THAT YOU ARE USING IN YOUR ANALYSIS
Volume Call / Open interest Call / Level
8 / 628 / 1.31850
0 / 1257 / 1.32010
1 / 499 / 1.32200
1 / 545 / 1.32410
1 / 1125 / 1.32650
10 / 1106 / 1.32910
0 / 1655 / 1.33190
1 / 924 / 1.33500
425 / 948 / 1.33820
275 / 608 / 1.34170
82 / 2008 / 1.34540
16 / 768 / 1.34930
64 / 1876 / 1.35340
62 / 747 / 1.35760
212 / 1208 / 1.36210
23 / 764 / 1.36660
122 / 499 / 1.37120
120 / 303 / 1.37600
16 / 450 / 1.38080
33 / 901 / 1.38560
191 / 561 / 1.40030
1 / 268 / 1.40530
0 / 308 / 1.41020
0 / 326 / 1.41520
0 / 245 / 1.44010
0 / 277 / 1.45000
0 / 242 / 1.48000
0 / 308 / 1.49000
0 / 335 / 1.49500
0 / 263 / 1.50000
0 / 205 / 1.51000
0 / 225 / 1.52000
0 / 213 / 1.54000
EURUSD VOLUME & OPEN INTEREST,FULL (NOT ON CHART - LIST IN TEXT)Volume Put / Open Interest Put / Level
0 / 332 / 0.95500
0 / 205 / 1.00000
0 / 218 / 1.01000
0 / 237 / 1.01500
0 / 245 / 1.01995
0 / 232 / 1.02495
0 / 320 / 1.02995
3 / 256 / 1.03490
1 / 2387 / 1.03990
222 / 343 / 1.04485
15 / 2892 / 1.04980
16 / 649 / 1.05475
18 / 758 / 1.05960
1 / 1094 / 1.06440
129 / 1176 / 1.06910
214 / 2338 / 1.07370
290 / 3063 / 1.07800
389 / 3224 / 1.08200
401 / 7166 / 1.08560
954 / 3950 / 1.08890
592 / 4270 / 1.09160
276 / 3163 / 1.09370
128 / 2981 / 1.09530
78 / 1531 / 1.09650
0 / 1867 / 1.09730
7 / 1225 / 1.09780
5 / 1091 / 1.09810
0 / 722 / 1.09830
0 / 463 / 1.09840
0 / 391 / 1.09850
0 / 184 / 1.09850
Volume Call / Open interest Call / Level
0 / 139 / 1.10160
163 / 168 / 1.10480
706 / 806 / 1.10710
579 / 1901 / 1.11000
369 / 1919 / 1.11340
1499 / 2712 / 1.11720
430 / 3949 / 1.12140
330 / 3191 / 1.12590
131 / 3662 / 1.13050
637 / 2753 / 1.13535
48 / 3229 / 1.14025
12 / 2240 / 1.14515
164 / 3085 / 1.15010
0 / 808 / 1.15510
0 / 1144 / 1.16005
0 / 570 / 1.16505
2 / 808 / 1.17005
0 / 679 / 1.17500
0 / 792 / 1.18000
0 / 657 / 1.18500
1 / 578 / 1.19000
0 / 258 / 1.19500
0 / 163 / 1.20000
0 / 102 / 1.20500
0 / 942 / 1.21000
0 / 448 / 1.21500
0 / 266 / 1.22000
0 / 134 / 1.22500
0 / 250 / 1.25500
XAUUSD NEW VOLUME & OPEN INTEREST, DATA (NOT ON CHART - TEXT)THIS REPORT IS IN TEXT ONLY. CHART DATA CONSISTS OF SESSION LEVELS COUNTED EARLIER, I HAVE PREPARED AN OPTION LEVELS TO SHARE WITH YOU, THAT CAN BE USED TO FILTER OUT LEVELS THAT YOU ARE USING IN YOUR ANALYSIS
Volume Put / Open Interest Put / Level
0 / 1527 / 949.90
0 / 980 / 969.90
0 / 1332 / 999.90
0 / 1735 / 1049.90
0 / 3101 / 1059.90
0 / 962 / 1074.90
0 / 844 / 1089.90
5 / 2837 / 1099.90
0 / 1580 / 1109.90
0 / 1064 / 1114.90
0 / 1290 / 1119.90
0 / 1977 / 1124.90
1 / 1019 / 1129.90
1 / 919 / 1134.90
0 / 3346 / 1149.90
0 / 1364 / 1154.90
0 / 1729 / 1174.90
10 / 1117 / 1179.90
0 / 915 / 1184.90
0 / 1522 / 1189.90
2 / 8798 / 1199.90
5 / 1111 / 1214.90
6 / 2354 / 1219.90
27 / 2832 / 1224.90
25 / 3015 / 1229.90
2 / 3152 / 1239.90
174 / 3462 / 1249.80
11 / 1658 / 1254.80
111 / 3049 / 1259.70
261 / 2245 / 1269.60
1228 / 3180 / 1274.40
266 / 1650 / 1279.20
257 / 1008 / 1283.80
310 / 1751 / 1288.40
684 / 1056 / 1292.70
2685 / 5163 / 1296.80
186 / 1616 / 1300.70
1057 / 939 / 1307.40
257 / 1859 / 1310.20
110 / 2639 / 1312.40
298 / 2799 / 1314.20
116 / 1400 / 1316.60
222 / 1164 / 1318.00
Volume Call / Open interest Call / Level
0 / 950 / 1319.30
0 / 1132 / 1319.30
0 / 2944 / 1319.30
0 / 1671 / 1319.40
0 / 1254 / 1319.40
1 / 3395 / 1319.50
0 / 1857 / 1319.50
1 / 1025 / 1319.60
2 / 1384 / 1319.70
11 / 3282 / 1319.90
8 / 1014 / 1320.10
25 / 1309 / 1320.50
535 / 6055 / 1322.50
384 / 1188 / 1329.10
713 / 2838 / 1331.90
543 / 3464 / 1335.10
767 / 1173 / 1342.70
368 / 837 / 1346.90
906 / 4786 / 1351.30
111 / 823 / 1355.90
126 / 3654 / 1360.70
51 / 1248 / 1365.50
407 / 1168 / 1370.40
47 / 2134 / 1375.30
48 / 1677 / 1380.20
213 / 1206 / 1390.10
6 / 837 / 1395.10
278 / 7783 / 1400.10
1 / 1455 / 1410.10
5 / 1618 / 1420.10
65 / 1062 / 1425.10
3 / 1369 / 1430.10
0 / 3281 / 1450.10
0 / 3086 / 1460.10
0 / 1426 / 1475.10
0 / 1459 / 1500.10
0 / 2186 / 1550.10
1 / 901 / 1600.10