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Monday

FTSE 100:UKX On Critical Support: Key Day Ahead MondayFTSE 100:UKX Critical Support and Key Day ahead for FTSE At the beginning of the year FTSE was forecast to hit the upper parallel and a maximumhigh at 7818 before coming off again. It duly hit the upper parallel spot on butthe high was a few days earlier than anticipated and the eventual high was reached at 7778, some 40 points shy of maximum likely near- term upside. Since then it's fallen all the way back its start point for the year. Up 10% and back down 10% in 6 short weeks. The action looks unlikely to stop now. In fact it could be just beginning. Probably the greatest trader who ever lived, WD Gann, told us to measure time cycles from high to low and low to high as well as high to high and low to low and look for potential changes in trend as these hiddden cycles repeat themselves down through time. Previous cycle highs identified the exact date of the high in 2007 as well as the subsequent high reached in April 2015 just at the point that markets began a 10 month 20+% correction (for more details please PM) . This cycle marks the period from 10.03.09 major crash low through to the next major cycle low on 06.03.09. From major cycle low to low is 9 years ...which now brings us, after a 9 year long bull run, to the coming 23 to 27 days, culminating in the anniversary dates between 3rd march and 10th March 2018... FTSE is already teetering on the brink of critical support at 7092. It has to cling on here on Monday for any failure will tip this index into bearish territory and trigger a short back to 6868 at least - and then if this level in turn gives way back to 6680-6637. Beneath here the next major support potential lies at the lower parallel and below here at 5777. So if 7090 gives way on Monday by more than 10 points look to short this index with stops above 7099, targeting 6870 initially, then the 6680-6637 range if 6860 fails to hold during Monday. It's quite probable that should 7090 fail come Monday, this Index will fall away in stages to test the lower parallel at 6004 on around 5th March - and only then bounce away to the upside again.This will present some wonderful shorting opportunities along the descent. However, in the very near term it's likely that contrarian traders will look to go long here, simply because the stop is so close (20 points away maximum now) but ready to reverse short as above if 7090 gives way by more than 10 points. Time, as always, tells.
TVC:UKX
by sumastardon
ALPHABET: GOOG Volatility = OpportunityAlphabet: GOOG Curious Case of the Unfilled Gap Normally when Google beats earnings expectaions it tends to gap up and away for a couple of months or more and then, eventually, momentum begins to wane and it comes back off to fill the gap. It's been that way for so many quarters now and every gap has always been filled in the end - and notice when it does get filled that moment (that day, not minute as with Bitcoin) presents the best buying opportunity you will find...every time....because it tells you in advance where the low should be. Helpful if you're looking to build a long position in any FANG. Works every time. Except once. That red arrow at 900 shows the one large gap here into new high ground that has never been filled. Friday's price action has led to a second test of the last gap created during last earnings season. For those with a technical interest there is also a fabulous island reversal showing at the very top of the rally with a tiny gap created to left of the red arrrow at 1160 followed by the massive fracture which begins from the same level. The ensuing bear rampage takes price all the way back to that same gap zone before it bounces again. Mind the Gaps. They are very interesting from a technical perspective and create some great short term trading opportunities on the rare occasions when a stock like GOOG runs into a consolidation phase. Having bounced from the gap zone GOOG has rallied to test the underside of the structure to its left at 1046-1050 and come to a temporary halt at 1037. Nasdaq is likely to remain volatile next week, the environment we need to go out scalping Maybe Goog can still make a getaway from the gap zone, just as it has always done in the recent past (bar1) - but if so it still looks like it will need a retest to prove it. Whilst unable to move and hold up above 1046-1050 it's likely to retest 996-987 again. And if at any point on Monday 987 gives way it can be shorted back to 961. Then if this level in turn fails it can be shortred a second (or third) time to 942 and most likely back to the lower parallels where it becomes a buy again if struck with stops below for those who may have been waiting to buy Alphabet for the longer term. A 20% decline would create a target at 948 and 21% at 937. On the upside Goog has to move above 1050 and then hold up at 1037 on any retest to trigger a long but only if it holds up well at 1037 and then moves up through 1050 with some volume behind it - then it can be followed up to 1080 but run a stop up underneath it quite tight just in case it fails. The next near term long shot from here triggers from 1085 to 1120 and then from 1125 to the top of the gap at 1159. As to the case of the unfilled gap...to fill the missing gap the parallel will have to be broken. Google likes to fill big gaps. It's in its nature. It could happen eventually and if it breaks below 987 come Mondaythat will be the first signal that either the parallel or the gap itself will become the final low. More as this move develops.
NASDAQ:GOOG
by sumastardon
EUR/USD: Use Short term weakness Monday to get short EUR/USDEUR/USD Update for week 30.10.17 A perfect test of the upper parallel shown on last week's chart created a fine entry point for Dollar longs on Thursday before the Euro flew 278 pips lower creating a big bull-engulfing red candle on the daily chart and busting below the neckline of the head and shoulders top formation (shown on last week's chart) on Friday. Two big bear moves in two days. This price action only confirms that a significant swing into Dollar strength is now gathering pace. The breaking of the neckline creates a minimum medium term downside target at 1.1242. However in the very near term (Monday into early Tusday) the Euro is a little oversold after that 278 pip two-day decline and needs to consolidate those losses for a few hours before the sell-off resumes. Suggest using any Dollar weakness on Monday/early Tuesday back towards the neckline area at 1.1648-1.1665 (with stops just 15 pips above the upper end of this range) to increase Dollar long positions, looking for a decline back to 1.1242 over the more medium term. Any retest of the upper parallel should also be viewed as another excellent selling opportunity (should the first stop at 1.1680 get broken} until the downside target is achieved.
Short
by sumastardon
CAD/JPY 4HR POSSIBLE BREAK OF 'BULLISH' FLAGWaiting for price to retrace to the 4hour, 50ema and gain momentum to break the channel so i can confirm a Long trade. I see price retracing to 50ema where there is also a 61.8fib level from a previous successful structure. 4hour channel + (potential candlestix) & Gr4d within. thumbs down: No 123 patterns in motion but weekly just closed on bullish 123 last week. no we have a new Gr4d which has not been touched unline the candlestix Gr4d before it which has been pierced but price has not closed over yet. Overall we are still bullish but i do not have my potential 123 in motion to confirm my trades.
Long
by UnknownUnicorn911750
(Possible) Bearish Butterfly, EURJPY 1HThis is far from completion, but we have the 2 clues needed to watch out for a possible butterfly formation. We had price hit an 88.6% of XA but not close above; also had the secondary retracement do the same (88.6 touch but not close above). This leads us to a possible extension (leg CD) going up to a 161.8 to a 261.8, with confluence numbers coming in at 1.26 to 1.618 of XA). We have a zone of confluence as seen, so we will be looking for shorting entries in that zone. Stops placed a couple of ticks above the high. Targets at 38.2% of extension and 61.8%.
Short
by j1tfx
DAX SHORT Monday and Tuesday.Of course DAX movement for Monday and Tuesday. Seeing that the DAX has been swinging a lot, I think this week, at least initially movements will come something more moderate. I think we'll start the bearish week, I put in red the approximate movement that I think made the DAX blue color and movement that take place on Tuesday. I do not know if there will be any fundamental news that could accelerate the movement but to give us an idea think Monday will start down to levels close to 10625 to have a small pullback to 10670. Then again down to levels of 10550 to make another pullback around 10620. level probably will close the session bullish Mondays. Tuesday will begin to decline more pronounced 10450 a pullback to levels close to 10620 to fall back to 10250. As always, it is a simple opinion and I am not responsible for any loss you may have someone to follow my directions. Enjoy and good trading.
FX:GER30Short
by Swordman
1
GBPUSD: Valid CypherOn FX:GBPUSD , there is a great opportunity to go long. The market moves sideways, which formed the valid Cypher pattern. Thus, it gives a good Risk/Ratio. However, it is better to wait the market to be opened and see Monday reactions, not to rush a trade. T1 - 38.2% T2 - 61.8% ----------------------------------------------------------------------------------------------------------------------------------------------------- Top 10 Forex Brokers List - www.best10forex.com Best Binary Options Brokers - www.binaryreviewed.com
Long
by Art_of_Trading
1
Long term set upThis has all the right indicates set up for a very night bull move. It is coming off the bottom of 12.33 where it recently tested and held very strong with a lot of volume; this time no different, a lot of volume and the same exact price range. The MACD is looking very good as well with a very low entry. I'm about to enter a small position at 12.8 and wait until Monday and see what happens. If this does go higher Monday then we have a very good position on our hands!
BLong
by johnnys212