asiansupermarket

asiansupermarket

Easiest 2019 trade

asiansupermarket Updated 

There's not much room left to trade in this range for "quick" trades. We can hit one last one with 2:1 risk/reward. I have been opening a half short position at the top of the range after closing out the long to profit as much as possible off this pattern. Looking at past summers and this wedge I can be optimistic for a big move.

asiansupermarket Updated 

The trade: as mentioned before, short term we can sell puts because our mission is to get a long position. For the quick play, a long position with stops below the wedge for the short term continuation of the trend. Range is getting tight so I won't be betting the farm until there's a clean break with confirmation of a new trend. Examples of...

asiansupermarket Updated 

Looks like we can take another stab at the range bound wedge run. It is getting fairly tight - faked out once so far to the downside. Lots of volume on here and usoil futures, could be indicative of a bottom for the down trend, not going to look too deep into it since we know how many bs contracts are open. Possibility of a rough head + shoulders which would...

asiansupermarket Updated 

For the long term I am absolutely long crude + us oil companies due to fundamental reasons but the chart at the moment looks like it is about to breakout down. I have already a short built from ~11 but this is a new trade to play the breakout.

asiansupermarket Updated 

Range bound inside a closing wedge until the inevitable breakout; play top to bottom and back up until the break out.

asiansupermarket Updated 

late to the party but the order is open in case we get a pull-back

asiansupermarket Updated 

looks like consolidation along the upper edge of the wedge. A breakout to the upside is highly likely.

asiansupermarket Updated 

crossing short term MA and the big blue holding as resistance at the top of the wedge. If we break through that there is significant upside coming; downside is a trade with the trend to at least the bottom of the wedge

asiansupermarket Updated 

Tightening range, tight moving averages, recent usd volatility, you know the drill.

asiansupermarket Updated 

Tight range, tight moving averages, recent usd/cnh volatility. Note the dark blue MA which may act as support for the bottom of the wedge. We want a candle printed below it for confirmation of support collapsing before we enter. We don't want to be first in the trade; we want to be correct.

asiansupermarket Updated 

tightening range, clumping moving averages, volatility

asiansupermarket Updated 

A short side breakout will be a sharp drop; long side will be a slow grind higher. Range is tightening as shown by the clumping moving averages.

asiansupermarket Updated 

Tightening range, clumped moving averages, volatility in crude.

asiansupermarket

Range tightening, clumping moving averages, and extremely choppy. It looks like this pair is like USDSEK; low liquidity and plenty of chop which means fake outs will probably stop us out before it actually moves. This means that we will probably break even on the downside breakout but if it goes to the upside we have potential for proper gains.

asiansupermarket Updated 

Break down through the bottom of the wedge. This is a higher time frame than my usual trades; not 100% conviction on the shape of the wedge. Moving averages are clumped and range has recently tightened.

asiansupermarket Updated 

Descending wedge that I would prefer to be on the short side once it breaks that support level because it will be a sharp drop. If it bounces along that support we can expect a grind upwards.

asiansupermarket Updated 

Consolidation along the upper edge of the wedge is showing a possible breakout to the upside.