matt_forex

matt_forex

Just a quick short.

matt_forex

The Euro seems to be bouncing off the upper levels of a larger range. I am looking for the Euro to return to the middle of the range which is the first take profit. I will trail stop to that point, and allow the trade to continue toward the lower end of the range.

matt_forex

USDCAD is showing clear divergence with RSI. RSI has also dropped below 70. A close below 1.2618 will trigger my entry with a stop above 1.2363

matt_forex

Price came up to the 38.2 fib the 61EMA and horizontal resistance. Entering a quick short, if any of the resistance is broken I will exit.

matt_forex

Looking for price to move back up to the 61 ema which intersects around the 61.8 fib. This is a short term trade, and if price moves below .7480 I am out.

matt_forex

The divergence is indicating a move lower. Price action is having trouble making new highs. Having a look at the WTI futures chart also reveals that oil looks to be bouncing. USDCAD tends to have a negative correlation with oil. Stop is placed at 1.12640

matt_forex

The orange lines are horizontal resistance Blue line is 1hr resistance Black line is monthly support. Looking for price action to return to the lower bounds of this range / consolidation period. Stop is place above daily resistance. Check me out on www.zulutrade.com (profile is still pending approval

matt_forex

The over all trend has been down, while on the 4hr charts the trend has been up toward the upper bounds of the daily down trend. The short term 30min chart is showing divergence and lessening momentum, as it approaches the upper bounds of the down trend. This divergence, which is indicating a move down, is a good place to enter short, and ride the larger trend...

matt_forex

Please see the linked chart as well. The daily chart shows RSI divergence, indicating a move lower. The 1 hour chart is now showing RSI divergence as well, setting up a nice point to enter. Beware horizontal support at 136.48x, this area is a support/resistance point on both the monthly and weekly chart. A break of this point, and price could move very...

matt_forex

Notes on the chart. Watching price action for exit indication.

matt_forex

Waiting here to see what happens at this point. 189x area has become a strong resistance point. The most recent candle is still inside the prior bearish candles from 10/13 and 10/15, a break through the resistance and close above the 10/13 candle begin to look long, a close below the 10/15 candle look short. In the meantime just wait. Volume has also been weaker...

matt_forex

AUDUSD seems to be consolidating within a symmetrical triangle. Price recently bounced off of the .8660 low, forming a double bottom, normally a reversal pattern, but failed to create higher highs. If price were to continue downward the next strong support level is a 2010 low at .8369. So wait for price to breakout of the triangle before entering and place a stop...

matt_forex

With price pushing up against this resistance area @ 1.28, which has multiple points of resistance (psychological, .50 fib retracement from early Sept, and horizontal resistance.) There is an opportunity to enter short, with a good RR ratio (2:1). With the overall trend being down, this trade would be in the direction of that trend. Use caution once price...

matt_forex

Price formed a pin bar with declining volume. With a close below 36.34 would be a good point to sell. Also, this stocks PE is 46.82 while the sectors is between 18-21

matt_forex

Just watching not sure if this this a buy or sell

matt_forex

Price was rejected at resistance. With a bearish engulfing candle as a confirmation. CMC PE is 30.57 while the overall sectors PE is 23.90. Waiting for another point of entry.

matt_forex

See notes on chart. Black lines are the bullish divergence. I purchased 3 Jan 77.5 calls. Price is beginning to pull back to the trendline for a better entry. Buying picks up as price approaches the support line. Volume is beginning to increase as price moves up.

matt_forex

See notes on chart. 3 week price change is 1.89% PA could not form new highs all of AUG and PA is seeming to form a rounded top. Price broke through support and and the trendline, but was pushed up by buyers today. wait on confirmation. Buying DEC 130 Puts I think this gap will be filled before the end of the year.