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EUR/AUD, DAY CHART, SHORT (16-JAN-2017)Note: Congratulation to those who follow our 2 short trades on EUR/AUD last week! Overall, we remain bearish on EUR/AUD There is a long Descending Triangle Pattern. Now, the price is reaching the multiple tested strong support level at 1.418. Here are 2 trading plans for this pair: 1. If the price managed to break 1.418 level, can short with little risk or wait for Pullback to short for right risk amount. 2. The buying pressure might come in from 1.418 level. There is possibility that it will surge up to 1.44 neckline level. Watch for short opportunity at neck line!
Short
by YongLiang
AUD/JPY, DAY CHART, SHORT (8-JAN-2017)Note: AUD/JPY is reaching the strong resistance zone at 86.2x level. There are 3 potential trading plans for this pair: 1. We expect the price will approach the resistance zone at 86.2x level. If there are 1 strong bearish or 2-3 bearish signals, we will choose to short. 2. There is possibility that the price break the resistance zone and reaching the previous peak at 86.9x level before heading down. Need to watch this level. 3. If the price break both resistance level strongly, we will support bullish view on this pair
Short
by YongLiang
1
EUR/USD, DAY CHART, SHORT (2-JAN-2017)Note: EUR/USD follows our prediction last week, a price correction to the resistance zone is high likely to happen. Overall, we remain bearish on this pair. Now, there are 2 ways to trade this pair: 1. Wait for a bullish signal now near the 20-EMA and resistance zone to short with right risk amount. 2. The price might further pullback to the next resistance at 1.075x level. In this case, we also need to wait for bearish signal to short.
Short
by YongLiang
NZD/USD, DAY CHART, SHORT (2-JAN-2017)Note: Congratulations to those who follows our winning trades on this pair last few weeks. Again, the price having correction as per our prediction previously. Now, we have 2 trading plans for this: 1. The price pullback to both the resistance zone and 20-EMA, followed by a bearish signal. A good signal to short with right risk amount. But caution on the 1st opening week on forex market behaviours. 2. When the price breaks the immediate support line, we can look for opportunity to short again.
Short
by YongLiang
GOLD, XAU/USD, DAY CHART, SHORT (2-JAN-2017)Note: Gold, XAU/USD Gold follows what we predicted previously. Gold having price correction to 20-EMA now. Overall, we are still bearish on this pair! There are 4 trading plans for this trade: 1. Since the price pullback to 20-EMA, followed by a bearish signal, good chance to short with little risk. 2. Wait the price pullback slighlty further to support zone and another better bearish signal to short. 3. If the price continue the bearish movement, watch it break the immediate 2 support lines as indicated. And wait for pullback and bearish signal to short. 4. If the price pullback too strong to 1192 support level, we might need to see if we want to accumulate short position or a reversal pattern was formed.
FX_IDC:XAUUSDShort
by YongLiang
1
USD/JPY, DAY CHART, LONG (2-JAN-2017)Note: Overall, we remain bullish on USD/JPY pair. Now, price having correction to 20-EMA, followed by a bullish signal. It is a Swing Setup, but aware of the immediate strong resistance zone. There are 3 trading plans for this trade: 1. Long now with little risk amount as it is a good swing setup. 2. Wait the price having more correction to the strong support zone, it is a good time to accumulate long positions. 3. If the price managed to break the strong resistance zone, wait for Pullback and bullish signal to long!
Long
by YongLiang
GBP/AUD, DAY CHART, LONG (2-JAN-2017)Note: GBP/AUD follows our prediction last week. We remain bullish on this pair. There are 3 trading plans for this pair: 1. Wait for the potential breakout trade. When the price breaks the immediate resistance line, wait for weak pullback and bullish signal to long 2. A strong bullish signal bounce from the 20-EMA line, a good signal to long now. Can long now with little risk involved. 3. If the price correction to 1.69x level again, we can accumulate our buy as well.
Long
by YongLiang
AUD/JPY, SHORT, DAY CHART (24-DEC-2016)Note: AUD/JPY didn't follow what we plan last week, so we didn't trade this pair. Now, we are bearish on this pair. There are 3 trading plans for this trade: 1. Wait for price correction near the resistance zone near 86.2x level, followed by a bearish signal to short. We can short with right risk amount. But the chance of the price correction to this level might be low. 2. Zoom into H4 or H1 to look for pullback to their respective 20-EMA, followed with bearish signal to short with right risk amount. 3. Short now with little risk amount.
Short
by YongLiang
4
NZD/USD, SHORT, DAY CHART (24-DEC-2016)Note: Congratulation to those who follow our winning trade last week. Overall, we are bearish on this pair due to both H&S pattern and the trend following. We have 3 Trading Plans for this trade now: 1. Wait the price correction back to resistance zone, followed by bearish signal to short. Short with right risk amount. 2. Watch the immediate support line at 0.683 level, pullback high likely happen here. Wait for bearish signal to short after breaking this support line. 3. Short now with little risk amount.
Short
by YongLiang
Selling Puts on AKS: Low Risk Very High RewardAKS Published good earnings 2 days ago The stock made an intermediate high at $5.75 on this occasion Today the company is announcing a stock issuance at $4.90 The stock price is down some 8% in adjustment to this news Opportunity to SELL NOV 18 '16 $4.50 PUTS at c. $0.14/share If exercised, the reward/risk will be a very compelling 2.8x Adjusted for the risk premium, this would be more than 5x If not exercised, pocket a 2.76% premium ($0.14/$5.07) in 3 weeks (+48% annualized)
A
by HAL9000