muis2

muis2 Updated 

Entry: 0.74480 Target: 0.75500-0.76500 Stop loss: 0.74000

muis2 Updated 

Long: $924 Target: $1020 (highs of 2020, top of horizontal trading zone) Stop Loss: $914

muis2 Updated 

Entry: $2.6825, SL: $2.6850, Target: $2.6620 Very tight leash on this one because it looks bullish, targeting VWAP for the day. Its hitting multiple points of resistance at this level so worth the shot if risk controlled

muis2 Updated 

Entry: $15.10, SL: $15.15, Target: $14.88 Reckon I'm early to this one anticipating an hourly rejection candle

muis2

Trying this one again Entry: $58.08, SL: $58.21, Target: $57 Very short leash on this one, there is a very good chance that this runs all the way up to $58.90 - that's where i will short again with a wider stop and larger target

muis2 Updated 

Entry: $823.4, SL: $826.50, Target $810 A bit worried that my SL is too tight, my alternative SL would be $829-$830 region which might be appropriate. The chart could go much lower than $790-800 level if $810 is broken so the Risk-reward might make sense from that stand point.

muis2 Updated 

Entry: $1411, SL: $1418, Target: $1382 might have missed this trade already as overnight high was $1409.9, wouldn't have got executed but bottom of resistance starts there.

muis2 Updated 

Looking for it to bounce to its moving averages then continue its move downwards Entry: $58.10, SL: 58.40, Target 56.90 Could convert to a larger trade. but for now i'm trying to stay disciplined and focus on shorter term. The swing trade i have was published in other post where I noted oil could go back up to $60 before turning down.

muis2

Entry: $2.6730, SL: $2.6690, Target: $2.890 (HOD)

muis2 Updated 

Selling the rally back to VWAP. Entry $1405, SL $1408, Target $1394. Meant to be a day trade, will reassess at end of day.

muis2 Updated 

PL making lower lows and lower highs Short at yesterday's close with SL at 846, target 834 (40 WMA - where there was quite a bit of traffic i.e. volume) Daily ATR: 14.5

muis2 Updated 

Platinum's pattern is less clear to me because of the double overlapping 1-2s from middle of 2017. It is retested the long term downward sloping trend and has made a move up significantly as of my writing today. It is testing the downward sloping line it created since the beginning of map. Looks like it will make an attempt at the 200dma. Overall I'm leaning...

muis2 Updated 

Looks like it completed Wave 3 of 5 downwards on the daily chart. Looking for a bounce potentially back up to 57.65 (50% retrace level of the recent move down) can go all the way to $60 as well and not violate EW rules I don't expect it to get that high though, it will likely hit the 10dma IMO and turn down if this is truly bearish. 3rd wave was an $11 move,...

muis2 Updated 

Copper primed for a bounce. We are in the late stages of creating a right shoulder in a slanted H&S pattern that dates back to 2 years. In the short term, it looks like selling is exhausting itself (recent move down is low volume). I could bounce all the way back up to the $2.8xxx level before moving down decisively. Once it breaks $2.57xx then wit should move...

muis2 Updated 

Gold couldn't break below the purple trendline established in 2016 nor could it break below the 0.764 C-wave retracement of an ABC. Last couple days its made a strong move up over $1300 and $1310 (on average volumes), past peaks where the move was rejected. now it is challenging $1325. Moving past here it should be on its way to challenge $1350 & $1367. I will...

muis2 Updated 

Silver broke back above the down trend line that it fell below in early may. It is now testing the 40dma and 200dma as of me writing this. I would buy this on a pullback. Areas of resistance afterwards are: $15, $15.35, $16.40.

muis2 Updated 

Palladium just had a monster bull run and is in a correction. Looks to me like PA is in C wave of an ABC correction. It crossed below the 50dma and is retesting that as we speak. 50% retrace of the first impulse in the C-wave is $1360. Enter short at $1360, SL $1365, TP $1181-$1260

muis2

I have not made a bet in one way or another as the play is not clear to me. We're at the 76.4 retrace of a big move up from 2002 to 2007. Since 2007, there's a pretty clear ABC correction. I am unclear if ABC correction is complete. The move up from Jan 2016 does not look to be impulsive at this point, it could be a 1-2, 1-2 move. That said, 76.4 retrace area...