SoapstoneCapital

SoapstoneCapital

Short idea. From last supple that broke structure. In line with weaker fundamental data and stronger Euro. Waiting for confirmation from these to levels. More confident with the higher supply zone. Would correlate with key demand zone for EU.

SoapstoneCapital

Looking for longs from key demand. Zone lines up with bearish wedge and key flip to support zone. Dollar may continue to weaken due to weaker than expected economic data. Market structure is in line with the trade idea. Risking .5-1% for the trade. Will wait for bullish candle for confirmation in the zone.

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Long BTC idea. Divergence between ETH and BTC. Key consolidation level on the daily time frame and key support of 95k. Risking .5% on the trade for a 1:5 RR. The government crypto reserve may come back into the medias news headlines as administration moves on through their agenda. States already are adapting bills for state reserve funds as well.

SoapstoneCapital

First trade was a loss. Trying again from the last supply zone closest to the low. Dollar is weakening in correlation with stronger Euro and sterling. Risking half Percent.

SoapstoneCapital

USD start of wave three. USDCAD swept equal highs on the weekly. May have more downside to major support. USD may get weaker from here. Risking half percent on this trade. Meets all of my trade criteria except for retail sentiment. Currently 60% short. However the pair has high short interest from retail last week. Should see a shift to retail longs if we see more...

SoapstoneCapital Updated 

Looking to short US30 from this level. Companies are far too over valued. Consumer sentiment came in Friday at the lowest level in two years. Key resistance level. See a pullback into a key level. When the dow fails to break thursday high on friday. A lower low is formed on the following open. If we dont see a lower low, then it may be a bullish trend day.

SoapstoneCapital

Short idea for gold to daily Fib level .38 before looking for longs. Gold has had an amazing rally with central banks buying up more gold and the controversy of the BOE not being able to make gold deliveries upon request. Would be natural for a pullback after such a great run.

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Retail sentiment is 85% short for this pair. Key resistance level. Planning on a potential breakout from this price. Should see a nice close above the resistance zone if it does break.

SoapstoneCapital

BOJ raised rates again. USD saw weakness last week. There is divergence between USDJPY and CHFJPY. Price retraced into key supply zone. Short idea to a new low for a HTF BOS. Client sentiment is long USDJPY. Which is a key indicator to do the opposite.

SoapstoneCapital

Market structure break. Retested key demand zone. Gold is a major export commodity for Australia. Central Banks continue to add to their gold holdings. See a stronger AUD from here. 8hr swing trade.

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Short continuation. Price action retraced back into key supply. Want to see lower low now.

SoapstoneCapital

Inflation came in as expected. Large buying on the 10 year treasuries. Shorting to break new swing low.

SoapstoneCapital

There is some key econ data coming out this week. Looking to short into key Fib levels before looking for longs again. The dollar is very strong, however I believe is over extended a a pullback is next before we see higher highs.

SoapstoneCapital Updated 

HTF zone mitigated. See last post for pullback into the zone. 4 hour solid bar close. Shorting to support level

SoapstoneCapital

Big institutions like to use news to enter the markets. Major sweep for a buy to sell. BOJ may also intervene. Re-entering a USDJPY short here

SoapstoneCapital Updated 

Shorting GBPCAD again from the neckline. Tradeau has resigned. De-regulation to come, stronger crude, and stronger CAD. Correlated with market structure. Risking .5%.

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First trade lost. entering another short after imbalance fill to key 4 hr demand.

SoapstoneCapital

Waiting for four hour bullish candle for confirmation. Jan 20th is coming. Many pro crypto pieces of legislation to come.