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$NFLX may not ready for big up move yetI bought $NFLX put at 290.50 after rejection 291 and out about 287 area, when tested morning low. price now is balancing at below 288 area. if trade below 287, may be go lower to 283-280 area. I have low confident to trade above 288 now. I can be wrong. I may just wait to see if NFLX want to make better clear direction. if today 287 hold as support, I just expect for closing middle for today. price too slow at 288-287 area for now. I expected price to meet 300 yesterday, but since today it turn lower then yesterday value area, I must wait for more aggressiveness to the upside.
NASDAQ:NFLX
by ruby_kinetix
Let see USDJPY - head or tail?As I mentioned on DYX , USDJPY also at an important key level now. If 108 hold, then I expect to see 110 - 111 area as 109 become a poor high. But trade below 108 we may see 105 area. Couple things in my mind, DXY may back to 99 area before make any decision. And JPY is the weakest pair among others. So I will try to build position on Bulls side at USDJPY. I will change my bias to Bears side when I see more liquidation and more new seller below 108 price level. Beside that, accumulation at daily chart will looks good if the we see aggressive buyers on USDJPY at 108 level.
Long
by ruby_kinetix
$USDJPY ‘s value is lower$USDJPY made excess high on 30th Oct, which indicate a liquidation. I am little bit late on this but to turn this pair to much deeper, we need to see new seller while USDollar Index is weakening. Otherwise the Pair will loose momentum for bearish move. $JPY is the weakest currency among the major forex pair, let see if there is more buying on JPY , which is sellers on USDJPY. Many retail traders jump on selling USDJPY without seeing the strength of the currency and don’t monitor the follow through. We can’t just trade base on the pattern only. We need to check any related instrument. If buyers of USDollar index come back aggressively, this pair turn very quickly.
Short
by ruby_kinetix
$DAX is the most bullish index Europe $DAX break 12800 level. This key level is very important. SInce EUROSTOXX and FTSE are still within the range, I need to see acceptance above this key level. then 13000 - 13200 will be next destination. The serious failure above this key level will make DAX index just looks too high and too expensive. The profit taking , liquidation and new money selling will make this bullish pattern become ugly. but for now, I will trade with the bulls.
OANDA:DE30EURLong
by ruby_kinetix
$GOLD need to make a change$Gold has been in balance range for 8 days, 1475 bottom - 1495 top is my small balance, and 1515 top for wider range. The value is in lower half of wide balance, but the buyer still aggressive from every low. i need to see a change above 1495 ; either an acceptance or rejection. This uncertainty kills the hope of medium time frame traders. But note that 1 October was a good excess low. This spring need to bring the price to move above 1515, otherwise that spring will be penetrated. all we can do right now is ping pong trading. News catalyst is need here.. let's wait.
OANDA:XAUUSD
by ruby_kinetix
DXY ready for Changing behaviour$DXY made an excess high (circled), and this indicate the chart is about to turning down. Ideally DXY will turn down to 98.50 area. if it's so the formation will be a changing its behaviour (COB). But I don't see and an aggressive selling on the following day (today), will it surprise us to the upside ? Excess high or Upthrust shall initiate a down move, if not it shows that the demand is still high .. For now, I like to find low risk for selling the USD, then will work on the following chart.
TVC:DXYShort
by ruby_kinetix