ArturoL

ArturoL

HS operantly forming. I opened a short position. I'm not waiting to break down the neck I think it can do it at any time. SL if a daily candle closes above the right shoulder.

ArturoL Updated 

Massive inverted HS building up to break out the triangle. Aussie is correlated to Gold, and the US Dollar will suffer from the monetary policies of the FED. This trade is not for everyone. If you are a day trader probably it will be frustrating for you. It could take months to play out. Open a long position and add at every pull back. We will have a fight at the...

ArturoL Updated 

I expect the 73 support level to hold. Even Price can test again the 80 level. If it keeps going down I'll sell more CSP.

ArturoL Updated 

This is getting interesting. Looks like a breakdown a very bearish. But if the weekly candle closes up within the triangle that would be a bear trap. And it would be very possible that bulls try to break up the triangle. Let's see how the week closes and next week I'll have more clarity on what to do next.

ArturoL

GBP is looking good across the board. I think in this case the inverted HS is not done, this is just a retest. Very low risk on this trade and good reward. The pair just landed on a support area (broken resistance) and looks that is going to accumulate and then bounce up. SL triggers is the support is broken by a weekly candle.

ArturoL Updated 

Pair is testing the broken support level after being rejected by the resistance at 0.98. I think is going to try is going to test again the 0.98 resistance. The double bottom is still active. SL triggers if a weekly candle breaks down the support and closes under it.

ArturoL Updated 

The Canadian Dollar is loosing steam, for some reason is losing value across the board. Maybe bc oil apparently has peaked and now is turning over. I opened a long position last week on NZD/CAD but I think this pair looks better, EUR/CAD looks good too, even USD/CAD. It could take a few more weeks to break out. Keep adding at every pull back. CAD is the new Yen....

ArturoL

I bought puts there expire a month from now strike 190. That's a mayor resistance zone I think is going to 180 right there 10 dollars drop. My SL 195.

ArturoL Updated 

We are in the middle of a bulls rally. But still in bearish territory. The 510 level is going to be very intense to watch. If the bulls manage to break up and consolidates above 510 bears are dead. I'm not shorting anything yet. I'm just sitting and looking at my long positions.

ArturoL Updated 

Just sold CSP as shown. Apparently is forming an inverse HS to break out the triangle. It's early to tell but we have good support underneath.

ArturoL Updated 

I just sold a ton of CSP exp 02/17 strike 17. There is a lot of support underneath. Even if I get assigned, I'd hold.

ArturoL Updated 

Bullish flag forming apparently to break out the resistance at 0.55. SL triggers if the bullish flag is broken down by a full weekly red candle. We may have pull back at the resistance level. I'd buy more in that case. AUD/CHF also looks good. Good luck.

ArturoL

HS confirmed. SL triggers if a weekly candle CLOSES above the resistance at 122. It should go very quick. Good luck.

ArturoL

I think we are going to have a false break out next week and then a hard pull back to uptrend line. This market loves to set up bears and bulls traps. Be careful.

ArturoL Updated 

Trade of trades, I opened a position on Friday, but you're still on time. I'm warning you, you need to be very patient for this and have a unique personality. I'll try to handle it, I already put in my mind that it could take weeks until the break out and no matter what happens I'm holding. I recommend to open a small position and add at every drop or whenever you...

ArturoL Updated 

After this sell off a bunch of great entry points came up. I found this one, risk reward is very low, and is about to break out. I don't think is goin to take much longer. The price just landed on a strong support zone, it will bounce any time soon.

ArturoL

I'm waiting for a pull back due volatility to trigger my buy limit order. I have a buy order at the green line and SL at the redline. Very tight. I'm not risking too much here I'm already long on AUD/USD. If it doesn't happen I'm not forcing it. I'll cancel my orders.

ArturoL

This could be a great opportunity to gather passive income. The price is landing on a strong monthly support at 33-34. The next support level is at 28. Buy here and sell covered calls. Example: 100 stocks at 34.4 = $ 3440 1 covered call exp 05/24 a month from now. Strike 36. Cost $ 108. Profit %: 100*(108/3440) = 3.13% a month. If you do it every month is close...