Sublime_Trading

Sublime_Trading

Burford Capital is retesting support which is the top of the previous consolidation zone. As price was in consolidation for such a long time it would be wise to only take a trade once we have a breakout. Overall the Monthly, Weekly and Daily timeframes are bullish so there is no need to force an early entry, we just need to sit back and be patient and the...

Sublime_Trading

KAZ Minerals is a stock that gave us good profit in the bull run from 2016 to 2018. This was a stock that went through excellent periods of trend followed by extended periods of consolidation. That is just the nature of this stock but one that can deliver very good profit if given the time to develop. We were stopped out of all our long positions in the pullback...

Sublime_Trading

We last posted on the USDJPY on March 5th when price was close to setting up for a breakout entry. As often can happen at these areas, price found temporary support where the bulls came in and took price back to the pivot support-turned-resistance of September and where we had our short position triggered based on a pullback strategy. The bears have since...

Sublime_Trading

We last posted on the GBPUSD on March 1st when price had pulled back to a key support zone and to the entry point of our first trade into this currency. The trade was triggered on March 15th when price broke out of consolidation with a healthy looking bullish bar. After being triggered into a trade, three scenarios are likely: - Price shoots in the direction...

Sublime_Trading

The GBPAUD is now very much near the top of our watchlist as it has broken out of an area of consolidation that dates back to December of last year. The top of the consolidation area formed a resistance zone at the round number 1.8000 which price is now trading above for the third day in a row. Aggressive traders may already be long on this currency pair. Short...

Sublime_Trading

Burford Capital LSE:BUR breaks out again. After the breakout of consolidation I mentioned in my previous post that I will wait for the next breakout before entering. The reason for this was to make sure the breakout was not a fake breakout. We now have another breakout but the pullback only lasted for one bar. We would prefer to see a deeper pullback (bullish...

Sublime_Trading

We are very selective of the exotics that we trade. Given the majors and their crosses, there are ample currencies to choose from when the FX market is in trend. On occasion, we do tend to add the odd good looking exotic to the portfolio. The TRY currencies are ones that we do keep an eye on for opportunities as they can trend well. The TRYJPY is the first...

Sublime_Trading

Keywords Studios LSE:KWS was recently in a long period of consolidation where we saw price going sideways. During times like these, we do not want to enter trades and we must wait until we have a clear trend direction. Now price has broken out of the consolidation zone resistance. Taking the first breakout is not the best option to take because it can easily...

Sublime_Trading

The CHFJPY has been trending very nicely since the end of January when price found resistance at the high of July 2017 just short of 119.00. Price has since fallen circa 800 pips taking price out of an area of consolidation. I have drawn in the support zone that was acting as the base of the consolidation. In March, we have seen a classic break and retest of...

Sublime_Trading

We last posted on the AUDJPY on March 14th when price, which has been in a bear trend since the start of the year, pulled back to a key pivot level of support-turned-resistance. We mentioned that price had setup for a pullback entry given that we had seen a number of indecision candles at this resistance level. This resistance level did indeed hold strong and...

Sublime_Trading Updated 

The AUDJPY has setup nicely for a pullback entry short into an established bear trend. This must be taken at reduced risk for the reasons mentioned below. Monthly - Price is trading inside the annual levels of 2017 but has been in a bear trend since the start of 2018. Weekly - Price is trading below the 200SMA and the 50SMA. Daily - Price is trading below the...

Sublime_Trading

We last posted on the GBPCAD on March 8th when price was immediately faced with the weekly 200SMA resistance and pivot resistance at the 1.8000 round number. This was a resistance zone that we wanted to see price break through to confirm a trend continuation. The trend at the time was very much bullish but patience was needed as price needed to break and close...

Sublime_Trading Updated 

The GBPCAD is starting to look interesting but needs to clear a key resistance cluster if we are to place long trades. As explained in previous posts such on the EURUSD, we look for a certain criteria to be met across the monthly, weekly and daily timeframes that defines our edge before placing trades. Having and being able to define your edge is essential to...

Sublime_Trading

Asos LSE:ASC breaks through previous high after bouncing off the 50 simple moving average. See previous analysis This breakout helps us to confirm the buyers are in control for now but will things stay that way. Underneath price we have the 50 moving average which has proven time again that it is a strong support level so this can help keep price...

Sublime_Trading

Burford Capital LSE:BUR trended really well from 2015 up until 2017. This move saw price rise from £1.70 to £12.40 which is a rise of 629% . After such a huge move price needed some time to rest and recover which is when price went into a period of consolidation, which began in July 2017 and it is only now that price has found some strength to finally break...

Sublime_Trading

The EURCAD is one to keep an eye on for potential long trades but is currently faced with a key pivot resistance that dates back to 2016. Price has been trending very well since bouncing off the daily 200SMA at the start of 2018 covering around 1200 pips in that time. Price attempted to break through the 2016 high last week but failed. We saw strong moves...

Sublime_Trading

Last week saw some life injected into UK stocks particularly on NFP Friday. Hiscox LTD was one of those stocks which is now setting up for a potential long entry. We saw good moves from the very start of last week leading to price on Thursday breaking and closing above long term consolidation which dated back to November of last year. NFP Friday saw price break...

Sublime_Trading

Fever-Tree Drinks LSE:FEVR performed well for me last year. This is a fairly new stock, only floating on the UK stock market in December 2014. Despite this, the stock has outperformed others which have a long track record. After the strong move up over the past couple of years, price went into consolidation and used the daily 200 moving average as...