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Thestrat

Bullish bias on GBPCAD on Friday June 07.What I see? A nice weekly 2-1-2 Bullish Rev in force and an early entry on daily with a really nice R/R. What I expect? Tomorrow, The Net Change of Employment and Unemployment Rate will be released by Statistics Canada Both data are expected to be lower/higher than expected in a bearish way. Furthermore, the Canadian dollar futures seem to be in consolidation(what I don't like) after a downward trend, however there are no strong signals to have a bullish bias on CAD. My strategy is based on TheStrat + Fundamentals + Convergence/Divergence.
Long
by hascardenas
Bullish bias on AUDUSD weekly timeframePosition: Long Entry date: The new daily candle on 05/27/2024 should trigger the entry at 0.66365. Stop-loss: 0.65922 Risk/reward: 1:2.19 Swap: It's quite low considering that this trade is supposed to be held for about 7 days, and the interest rates on AUD/USD are not significantly different. Pros: 1) The monthly trend is bullish. 2) The weekly timeframe shows a potential 2-1-2 Bullish Continuation pattern. 3) The daily timeframe shows a potential 2-2 Bullish Reversal, which we can use as an ancipated entry to trigger the weekly. Cons: 1) In a week, the monthly timeframe changes, potentially triggering entries but not reaching the TP and then reversing direction at the flip.
Long
by hascardenas
Bullish bias on NZDUSD monthly timeframePosition: Long Entry date: 05/24/2024 on daily timefrime. Risk/reward: 1:2.27 Pros: 1) The quarterly trend is bullish. 2) The monthly timeframe shows a 2-2 Bullish Reversal pattern. 3) The daily timeframe shows a potential 2-1-2 Bullish Reversal pattern that goes along with the weekly timeframe continuity(when the new weekly candle opens on Monday). Cons: 1) In a week, the monthly timeframe changes, potentially triggering entries but not reaching the TP and then reversing direction at the flip. 2) The first entry was already triggered, so we missed some movement, but it's okay not to be the first in. 3) The weekly timeframe doesn't show a confirmation pattern.
Long
by hascardenas
Bullish bias on EURUSD monthly timeframePosition: Long Entry date: 05/25/2024 on daily timefrime. Risk/reward: 1:2.37 Pros: 1) The quarterly trend is bullish. 2) The monthly timeframe shows a 2-2 Bullish Reversal pattern. 3) The weekly timeframe shows a potential 2-1-2 Bullish Reversal pattern that could trigger an entry on the monthly timeframe. 4) The daily timeframe shows a potential 2-1-2 Bullish Reversal pattern that could trigger an entry on the weekly timeframe. Cons: 1) The weekly timeframe does not have continuity with the daily timeframe, but since it is an anticipatory entry, it is acceptable. 2) In a week, the monthly timeframe changes, potentially triggering entries but not reaching the TP and then reversing direction at the flip.
Long
by hascardenas
3
EOY Review $DIS first baby steps back up The good thing about NYSE:DIS is the outside quarter but, it couldn't close above that Q3 high, so still not that strong of a look given it took out the low of '22 and closed above it, this could mean we've seen the worst overall, if the 3 on the quarter might see some continuation upwards, I see this just as the first baby steps of what could be a nice run back up so, first things first, let's see a close above the Q4 high first and than see what's next anything can happen
NYSE:DIS
by RobinsOptions
EOY Review $CMCSA inside year, momo hammer quarterNASDAQ:CMCSA that momo hammer on the quarter looks promising, but these type of candles can easily reverse and when it does, it typically drops back quickly the inside year tells me to wait for further clues first before taking trades hence, no long or short (bias) for me on this one yet obviously, when that hammer high on the quarter gets taken out and price continues to move up, the overall picture improves, with the '23 and '22 highs as important pivots
NASDAQ:CMCSA
by RobinsOptions
$AMZN Still strong, a pull back and reversal back up (?)Decent shooter on the 2D could signal a pull back on NASDAQ:AMZN , would be nice to see a reversal move up further North. With Monthly OPEX for May behind us, see how it moves from here. AMZN strong, but not the ultra strong move AAPL had so far on the year. Also giving it more potential before it reaches exhaustion risk like AAPL at current levels. No FOMO, no chasing for me. Definitely looking for to long AMZN IF this scenario will unfold. IF this THEN that. IF not, also fine. There will be hundreds if not thousands more trading opportunities. As long as you stay in the game. Hence, patience.
NASDAQ:AMZNLong
by RobinsOptions
XLY set to decline * Failed 2u on quarterly; still time to go outside quarter * Failed 2u on monthly; out of time to go outside, but negative momentum * Clear rejection of bearish trendline on weekly chart. No real support until it falls to 127 (currently 143.66) * Daily chart shows bulls mounted one more challenge to the trendline but that failed even harder. “If markets try to do something twice, it usually then tries the opposite” (I think this is an Al Brooks quote) I am STRONG BEARISH on this
AMEX:XLYShort
by ChemistNate
5/1 Watchlist + NotesSPY - Crazy finish to the week and month. Bulls absolutely controlled Friday and pushed us even higher on the weekly to create an engulfing week. We had super strong closes on the daily, weekly, and monthly. I cannot imagine a world where we don't push even higher next week. I would imagine we test the 418 and 420 levels at some point. Was not expecting this at all, so I am curious to see how next month plays out. With the FED predicting a bearish second half of the year, this price action leads me to think we may have already priced in a small recession as the FED claims we may have, or we are seeing a final push to the upside to trap some buyers before seeing a bigger drop. As always we have to play what's in front of us and not what we are expecting, so proceed with caution and try not to let your own personal bias effect your trading Watchlist: Nothing on the scanner really has my attention for Monday so I will just be trading SPY. I do have a long position on ARKK that I am swinging so I will be watching that as well. All inside setups and 50% retrace setups listed on my scanner in the picture for this post. Main Watch: ARKK - Just watching to manage my position. I think with the bullish bias on SPY that we have, we should see a push higher on ARKK on Monday Previous Main Watch: U + ARKK - Both created bullish engulfing days and I ended up entering ARKK 37.5 C for this coming Friday's exp. Up currently on that position and holding. Did not take a position on U. Just watching them still Watchlist Stats From Last Week: 2/5 SPY Predictions 3/5 Main Watch Plays Personal Stats: 0/2 on the week Overall: Red - Didnt trade much due to it being finals week for me - Took a couple small L's but got some W's with forex and crypto scalps so I am pretty much B/E on the week, but for these lists I like to count only my options trading - Looking to make a hard rebound this week with my schedule now being much more open and having more time to focus on trading. Lets make some money this week. As always be smart, follow rules, and always be striving to learn more and better your trading. Cheers
AMEX:SPYLong
by Alanger17