[EURUSD Short] 30 July, 2021 - Roger V Trading Ideas30/7/2021
EURUSD
Entry Resistance level idea:
1.22350 Resistance
TP Support level idea:
1.20300
1.19000 (Best Scenario)
Final SL for all Short positions:
1.23650 Resistance Level
Comment:
The market has temporarily come to an end with the US dollar index going strong and going in a retracement.
The next potential entry I will be looking for if the resistance level occurs will be at the price approximately near 1.22350 up and down. (This will depend at the time on how the market consolidates.)
If the strength of momentum for EURUSD ceases at the price near where Roger V trading idea has been posted.
The first aim of TP support level will be looking at 1.20300, and if the candlestick does not show any obvious weakening signal or factors that may cause the instrument EURUSD to go in bullish trend again. I will be looking at the price for the next TP support level of approximately 1.19000.
The final SL for the long term will be 1.2365000 if no consolidation or weakening signal appears there. A SL will be taken into action by Roger V if it actually happens.
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
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Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
Markets
JPMorgan to $80 by October 2022NYSE:JPM
Jamie Dimon and his army of minion traders at $JPM are printing the classic bear pattern of a H&S top (green). Measuring that formation, that should put us at a local bottom sometime in October.
From there I would expect the Santa Rally to be our retest of the neckline, before creating the base of the much larger H&S pattern in yellow. Measuring that pattern out gives me my price target of $80 when it is all said and done by October 2022.
And yes that is a price gap at $110 (purple box) that I expect to be filled in these moves.
- Penny
Devon Energy (DVN) | Technical Break, Wait For a Retest!Hi, another idea from the stock market.
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 3,942 gross wells. Devon Energy Corporation was founded in 1971 and is headquartered in Oklahoma City, Oklahoma.
Technical analysis of DVN looks promising. The price of Devon Energy has made a break above the trendline which is pulled from ATH in 2008. It has worked quite strongly as resistance and after the break above it starts to act as a support.
There is also a minor level around $20. It has played quite a significant role considering history. It is good that the trendline and the strong horizontal area form a grossing zone which adds strength to the future retest.
We haven't seen higher highs on the monthly, but if you look at smaller timeframes then there are some minor breakouts of the structure (higher highs) which are good confirmations for future growth.
If you are made your own fundamental research and you see that it might be a good investment then technical analysis confirms it, at least mine. Remember, a perfect investment consists of good fundamentals and good technicals. If one of them does not meet your expectations then skip it, easy.
If you have the green lights from both analyses then you can start building your positions from £23!
Have a nice weekend,
Vaido
AMZN H4 - Short SetupAMZN H4 -
Back on that resistance range after opening upside the last couple of trading days to end the week last week.
US stocks wanting to push higher, but again, firm believer in 'don't fix it unless it's broken', range has been performing nicely still for practically a full year now!
[GBPUSD Short] 28 June, 2021 - Roger V Trading Ideas28/06/2021
GBPUSD
Entry Resistance level idea:
1.41900 Resistance
TP Support level idea:
1.39050
Final SL for all Short positions:
1.42950 Resistance Level
Comment:
Wait for the trend gets near or within the part squared into its resistance level before the weakening signal appears.
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(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
--------------------
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
[GBPUSD Short] 28 June, 2021 - Roger V Trading Ideas28/06/2021
GBPUSD
Entry Resistance level idea:
1.41900 Resistance
TP Support level idea:
1.39050
Final SL for all Short positions:
1.42950 Resistance Level
Comment:
Wait for the trend gets near or within the part squared into its resistance level before the weakening signal appears.
--------------------
(Note: The forecast above is an estimation of the resistance/ support level for the entry, TP, and SL. For more precise positions will depend on the shape formed with the candlestick at the time.)
--------------------
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at your own risk.
THE COMING COLLAPSE OF THE ENTIRE GLOBAL FINANCIAL SYSTEM - S###It has become clear that global indices will collapse dragging entire stock markets with them could this be the end of days?
could this be a repeat of 2007 - 2008
commodities markets will collapse
Certain G7 FX markets will rise exponentially then later collapse
The coming great reset seems not so far away -
do I agree with this notion that could potentially send us back to the stone age hell no but here we are folks...
in all my years of trading I've never witnessed something that's coming swiftly which is this bad
never in history have we been in this political / financial / medical tyranny of a situation
consolidation of resources and power is undergoing a new order
the wealth gap is about to get wider than it has ever been in history
to know the future one must look to the past
to understand the world one must look within
good vs evil has always been the battle for souls
mark my words doom lay ahead.
NOW I'm not saying this will come fast but gradual.
I'd also like to state I play no part in this but I'm short
those responsible for this have been doing this for centuries.
I'm not just saying one nation all will be effected by this!
AMEX:FAZ
BMV:FAZ
TVC:SPX
AMEX:SPXU
AMEX:SH
SPCFD:SPX
MIL:SPX
OANDA:SPX500USD
AMEX:SPXL
AMEX:SPXS
AMEX:SPXU
AMEX:SPXB
FOREXCOM:SPXUSD
USI:PVSPX
USI:CVSPX
USI:OVSPX
OMXSTO:BEAR_SP500X5_ND1
AMEX:VOOG
CURRENCYCOM:UK100
CAPITALCOM:UK100
GLOBALPRIME:UK100
OANDA:UK100GBP
CURRENCYCOM:UK100
INDEX:FTSEMIB
XETR:DAX
NASDAQ:DAX
CURRENCYCOM:DE30
OMXCOP:BEAR_DAX_N
MYX:EURO
TVC:GOLD
TVC:SILVER
TVC:SX5E
INDEX:SX5E
CURRENCYCOM:US30
GLOBALPRIME:US2000
FOREXCOM:US2000
FX:US2000
OANDA:US2000USD
TVC:DJI
FOREXCOM:DJI
DJCFD:DJI
TSXV:DJI
TVC:NI225
FX:EURUSD
FX:GBPUSD
FX:USDJPY
OANDA:EURUSD
OANDA:GBPUSD
FX:GBPJPY
FX:AUDUSD
FX:USDCAD
FX:EURJPY
FX:USDTRY
OANDA:AUDUSD
FX:EURNZD
FX:USDCHF
FX:EURNZD
OANDA:USDCHF
OANDA:NZDUSD
FX_IDC:FJDHKD
FX_IDC:FKPBRX
FX_IDC:FJDBRX
FX:NZDCAD
🦩🌴 Just for Fun: Here is a QUIZ 🦏🌴Just a random chart of a random company named Quiz 😹
Question is:
Out of ALL ASSETS in ALL CATEGORIES, which chart is the most constantly bullish one? 🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙
In other words: Which chart is the GOAT of Bullish Charts? The undisputed champion of Bulls? 🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙🆙
Winner (whoever answers right first) will be gifted a special FXPROFESSOR ''little something special''
Let's go! Who can answer right FIRST?
the Nutty Professor
Resistance for Large Cap - Support for Small CapWhile iShares' Russell 2000 index ETF (IWM) broke new highs and found support on the retest, the large cap benchmarks failed to make new highs, showing resistance instead. Something's gotta give. Since the 10-year broke support (inflation IS temporary) my guess is the large caps will soon follow the small caps higher.
Can This Tokenizing FinTech Maintain Its TrendI'm hoping ABXX can keep the support along the cup and handle trend.
New support was recently found around $3.33. The Simple Moving Averages on the 4 hour and 6 hour charts are both crossing at $3.64.
$3.64 also acts as a resistance point on the hourly chart as shown below.
Huge resistance is coming around $3.70. The next major resistance level is at $4.00.
A close up on the 4-Hour chart shows a gap that must be filled around $3.95.
Zooming out to the Daily chart, we are on candle number '7' out of a '9' candle trend.
Hopefully after this '9' candle-trend to the downside is complete, ABXX shareholders should see bluer skies ahead.
I do not give financial advice, but you can see my earlier, more in-depth analysis of ABXX & ABXXF under my 'Related Ideas'. I do adjust trend-lines and other info as the chart changes.
I really like this FinTech company, it's team, and their mission. This a great play for investors like me who are interested in:
ESG (Enviromental/Social/Governance)
Blockchain technology & Tokenization
Mining, Precious Metals, LNG (Liquified Natural Gas)
I try to follow the smart money. I am long ABXXF.
BTC is now 1:1 value with the DJI where do we go from hereSo got a nice line up for tonight
bitcoin and the down jones are an even bet right now at 1:1 you can by one bitcoin or one issue of DJI both cost the same, but do both have the same future profit potential ahhhh now you can see why they want you to see cryptos as dangerous and a failure, the Feds have been talking down bitcoin along with other governments while they are all taking steps to turn their own currencies into crypto.... mean while companies that house crypto exchanges are setting the ground work for regulation from the feds this has split the crypto market in half one half is regulated through exchanges and the other half through digital wallets, privacy coins and subnets
RTY. How it compares at the moment.Here is my math:
3/4 are wrapping upper trendline = buyers are coming out.
1/4 (RTY) isn't testing upper trendline, but did not create new swing low.
Add it together, and I think there is a bullish case for the afternoon.
I really want to go long on all four, but I have a history of freestyling more than absolutely necessary, and the MA's (which are meant to help me) are still down. For the sake of long term growth I think I have to resign to an observatory role. Maybe I'll check back in for the afternoon session and see how we close.
This would be one of those times I take all the trades on my sim account and turn over a couple grand. I really hate to do that. It gives me a big head with nothing to show for it, but I think that's my safest and best positive action at the moment.
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In the end this is just a big bet that the markets are going to buy back what they sold off this morning. I have a tendency to think I can predict the future through these stories I tell myself. And, I know that's not the proven path. They did sell pretty stinking hard meaning there is now a lot to be made on the way back up.
My following thoughts are... It's only Tuesday, meaning this could go on all week... followed by... If I bought now without a stop loss, or a super low stop loss, and held on tight, I could probably capture at least 100-200 points on the NQ. probably more.
BTCUSD H4 - NeutralBTCUSD H4
Nicely green for the day so far, as well as majority of the other crypto currencies, not convinced the bearish market cycle is finished though.
Still evidently in a downtrend, just seen some big moves since the start of this new trading week ahead of us, some very clear change of sequencing would be required for me to personally consider longs (on a pullback entry).
DXY H4 - Neutral BiasDXY H4
Simply waiting for a breakout of this trading range, 90,900 to 91,300 ish. Quite a significant S/R zone, seemingly bottoming out from the previous bearish H4 trend from the start of April until present date.
Hopefully, a break of this range will help indicate direction for these USD*** and ***USD pairs going forward for a few swings next week.
AMZN H4 - Long SetupMissed the top entry as I've been too focussed on crypto markets today, however this circa 300 day trading range seems like it wants to see another range fill.
3425 down to 2950 could be witnessed again with a huge 1:11R potential if we push 3400 again, I'll look to grab an entry. ALERT SET!