on weekly tf it's at the top of a channel. would sl above the head if entering around here, otherwise wait for confirmation of pattern and enter at retest of neckline with sl above the right shoulder. tp's could be last strong resistance zone and the proyection of the head, even if i would considder the pattern done at 70% of head proyection
short term bullish looking for a correction how ever not before looking london opening in a few hours, and a possible retest of the supposed move during europe. who knows...this is a probabilistic game. sl bellow the low. tp1 at the height of that doubletop that it did during europe open yesterday tp2 618fib and if it's gone..it's gone. at 618-5 fib expecting...
eurcad gbpca look like they will correct. gbpcad weekly tf. looks unlikely for the pair not to retest the channel that has been the it's domain for the last 5 years, with one or other drift out of it. wait for bullish signals for now it still has to land. watch out for bullish news on oil a nervous move could stop you out. don't expect any reverse till next...
it's obvious that fang stocks are the one that drag up the index looking for ullbacks in this ratio is a good trend confirmation hope it hepls. ciao
possible breakthrough strategy 80 is a zone where in the past this exchange has been confortable
soy bean i think is completing the wave 5 of a build up to form a bigger fractal wave 3..who knows might be or not, this is a spring on an accumulation phase..i would keep an eye on the lows 1300...i think don't trade my ideas realy..
11 trade in 1 week 11 trade 7win 4loss net win 128 medium win 33.28 medium loss 26.25 RR1.25
time 1week net profit of system 0.72 trads11 8win 3 loss
net win 0.98% 15 min tf not good on this timeframe
5 min 0.18 0.31 -0.15 0.2 0.12 0.22 0.47 -0.2 0.29 -0.21 -0.16
recently russel broke the ceiling that was holding it for almost a year. now it would be interesting entering a long during the retest. placing the SL just bellow last low made the 27th of october. not because it's a safe trade but becasuse of the RR involved, since that the range has been broken, this leaves us with a proyection to the up side equivalent to the...
wheat has a 6month cycle, between northern and southern emisphere crop, looks like it will begin a supercycle, like all commodities. by a thecnical point of view, it's forming a H&S. wheat is a quite "dangerous" commodity to trade so i don't think it's a good idea entering before the pattern ends it's forming and starts going down from that neckline, multiple...
dax has 3 H&S one into the other, each one leading to significant levels for the happening of next one.
with tapering announced i think that it's more likely to go up, strengthened by the fact that dxy is heavily weighted by euro and mrs lagarde has already announced that QE is not likely to be put to an end in the eurozone.
i wouldn't short nas, rather looking for buy opportunities, in 2 days there is the famous fed talk about the fkng tapering, i think that even if they announce it, it will just be a good BT(F)D opportunitie: tapering means easing of QE not that they will suddenly stop their brrrr damn thing. something to be looking at is nasdaq divided by M2, i think it will double...
fang have been in a ascending wedge, now looking to break it, now with earning season i see no crazy perspective to accomplish it's 161%fib objective
a reverse H&S is forming on ibex35(now36) the proyection of the pattern would theoreticaly bring it to 9600ish..let's see.. by a fundamental point of view it should be no problem for it to reach the target, since EU looks like wont let the QE any time soon
AUDUSD hed quite a move during october, previously it had completed the proyection(70%) of a head and shoulder started in early 2021. now forming a W, witch proyection would bring the pair around the 161% proyection of fibonacci. during all this process it tha formed a downtrend witch has been the neckline for the H&S and now at W retest levels. i'm placing an...