TRIANGLE BREAKOUT Major Down Current Up Triangle formation. Awaits breakout Broken towards down side. Took the position via option at Spot $104.77 25 days out at strike 102. 2 contract with RRR of 1:2 @ $1.14 and $1.16 TP on both contract @1:2 and not let the trade run @ 100.65 Option sold at both 124% profit ITM. $2.61 n $2.71 Total profit :...
SHORT FCX Triangle breakout downwards took a trade to short. Breakout with strong candle good volume towards the end of triangle KIV results.
To long RMS Trade setup : breakout of Triangle LIKE Candle breakout from the top range. With healthy size candle Decent volume compared to last 5-6 candle Above EMA in trend DISLIKE Price did not followup to break with momentum Came back to retest Overall bearish sentiment of market during open
BREAKOUT Major up Current down Broke on the upside with volume spike. Took position $4.38. gap filled far from breakout candle close. RRR 1:2 Entry $4.38 TP $4.51 SL $4.30 LIKE 1) Breakout happen near EMA. might provide good RRR. 2) Reduce position sizing after that from 100% to 60% after observing that theres no follow through. DISLIKE 1) On...
Looking at initiating a buy position SVM prices has been trading towards the key supporting zone. as compared to SILVER Price as well as Silver miners ETF, SVM has fallen significantly lower due to its china mining jurisdiction. As a contrarian im very attracted to this asymmetric reward trade
Currently BTC is at a major confluence level of support. Would like to see if Support holds, and some serious price action and testing around the zone. No real testing being done on that value zone yet. If they are able to break through the down trendline. Im looking at buying. Awaiting signal.
China Internet ETF, came down quite a lot. Looking at accumulating KWEB at current level On BB we can see that its trading below the median line of 2 STD Deviation for weekly candle stick. SPOT: $27.70 SL $18.00 TP $52.5
AMEX:SPY Looking at potential upward move for SPY for shorter term.
AMEX:GLD I know that GLD will surely move up in the longer term ( 1-2 years) The question is, will the MM start to move it up higher now? Or are they accumulating more buy orders in their book by engineering another sell down?
Google looking decent for a upwards rally, provided that there's strength in the market. As MM took the stoplosses out on the downside
AMEX:SPY A megaphone technical setup happen when theres a widening interest in demand and supply on what is actually fair value zone that they wanted to buy in. Thus causing a bigger and bigger swing in the top and bottom floor and ceiling of prices.
AMEX:GDX looking at lower demand during rally due to a lack of volume, showing that smart money is not interested in propping the market up in the shorter term. as prices approach key supply zone. 1)Possible consolidation and profit taking happening 2)Renewed strength to break out of that level For now just no action and observing the market.
NASDAQ:FB Buying climax bar with weakness in the rally. Shall monitor the roll over momentum and follow through of this price movement. Potential short setup on the way
NYSE:BRK.B Solid accumulation done by smart money and test being done with a stopping volume in 4hr time frame. Looking at putting in some Call option entry upon market open =)
NASDAQ:FB Background signs of weakness detacted. With renewed demand to be testing 220-225 level. Shall see if the level holds. Looking for 1) No demand bar 2) High volume buying climax bar at those level If not potential short setup might be ripe.
NYSE:WFC Potential smart money involvement in buying at this key level 23. As back in 2011 reference a strong support level of instituitional buying. however the stock rally remain weak, signalling that there might still be more Supply > Demand. waiting for a retest on 23 level with lower volume to enter a buy trade setup.