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Jaredjohnson

While the currencies sleep.... LUV looks AMAZING!I'm a heavy forex trader but sometimes the forex market just sits and makes us wait and when that happens I jump all over stocks (and vice versa) Right now I'm watching Southwest and it looks great, $50 is a major support zone and channel low, if that holds I like getting long (vertical put spread or call options) for a move into the high $50's. However if $50 does not hold I don't want to hang onto this stock, it could get messy below that support. Happy trading, let's make some bucks!
NYSE:LUVLong
by JaredJJohnson
2
If a sell off happens, watch for thisThe bitcoin game is pretty solid right now and of course every time there's a correction the bears really come out. Just to be clear I'm not a bitcoin bear, it's unlikely I will short it if there's a move down however these are areas I will be watching to buy if there is a dip. The last post talked about $10,500 area, that worked out like a champ. Now I'm watching for the $8300-$9,000 zone to start buying again. Like I said, there will have to be some pretty convincing reasons for me to short it, otherwise I'll let the wild sell offs happen and pick up more bitcoinage down at those levels. Happy crypto'ing!
COINBASE:BTCUSD
by JaredJJohnson
2
Ahead of futures coming onlineWe are just hours ahead of Bitcoin futures coming online, I'll be honest I have no idea what that will mean. I have some assumptions but I think the best thing to do is have a few scenarios to watch. Here are the two things I'll be keeping an eye on going into the futures/Monday open: 1. Nice resistance level at just below $16,000, a break above that could fuel some continuation up to previous highs 2. $10,500/$11,000 level is really calling my attention, a dip down into that zone and I will be looking for some aggressive buy entries. I can't stress enough to be oh so careful with everything over the next 24 hours, it could get crazy and for most waiting for the "dust to settle" might be a better option for most.
COINBASE:BTCUSD
by JaredJJohnson
Summer Range makes... me feel nice... (sing it folks!)Everywhere I like I see ranges, NZDUSD has been ranging for days and day, EURUSD is weeks into it's range, USDCHF as well and EURGBP has been in a large range for well over a years. EURJPY has a smaller range but a nice possibility of a trade in the works. I want to see price rejection off 126.00 area, sell a trend line break and target the missed weekly pivot at 124.30. Tight stops, great risk:reward, I love this trade. See chat for more details, update coming...
Short
by JaredJJohnson
4
Rising wedge- it's almost go time!Look for quick profits here, we have a rising wedge on the hourly chart, this isn't likely to be a HUGE move but I think it'll be worth our time. Not to mention I like NZD weakness set ups on a few other pairs, namely NZDJPY and GBPNZD. Pretty simple, we have two weekly pivots that haven't been touched below with a monthly pivot anticipated around .7020 area. Look for a move of 60-80 pips here once the rising wedge breaks and price starts to print below the pattern. When this break, I'll put stops above the highs, target the 1st weekly (soon to come monthly as well) pivot and let a small portion run to the second pivot if price is cooperating.
Short
by JaredJJohnson
A quick 100 pips (HIGH PROBABILITY SET UP!)This may look like just a simple channel/trend line break out, which it is (think "no country for old men"). What makes this a great high probability set ups is the line up of multiple missed weekly pivot points. Two ways to trade this: 1. short trend line break, have 70-80 pip stops above recent highs and target weekly pivot at 1.7520. 2. OR you can trade it the same way with an adjustment to the stop, only staying in the trend if it can stay below the trend line (limits draw down but is more aggressive stop) Either way it's a great set up and should be good for 100 pips.
Short
by JaredJJohnson
Huge possibility either direction This pair is at a crossroads, there's been Euro weakness as well as Aud weakness which makes this tricky but the set up is too good to pass over. Above 1.4180 this gets slightly bullish but the real confirmation is above the larger trend line (falling wedge on daily chart). There's hundreds of pips if those highs don't hold. Below trend lines and in the circles labeled 1, 2 and 3 are great sell off points. The targets get larger each time, I'll be short and I'll take profit each time a level breaks and it reaches a new trend line/support zone. Here it is, good luck trading it either way, I think there's plenty of potential up or down.
by JaredJJohnson
This might be the only long term game in town- 300-500I posted two charts because I wanted to show how the the bigger picture is playing out and how to managed the more near term trades/entries. As you can see on the chart below, the weekly chart has a 5 year old trend line that has broken, the market closed and opened above that trend line and has pulled back to retest. The chart above shows a more near term picture of that trend line retest on the 4h chart and areas to start buying into. We like scaling into this trade around current market price and buying into more dips if that happens. Upside targets at this point are 1.1300 and 1.1400. More updates to come...
Long
by JaredJJohnson