To begin, I am not a Seasoned Trader; I use this blog for: 1. Record keeping; & 2. Formalizing my thoughts a. If I can't explain simply here, I shldn't engage To begin, my Rules of Engagement ( RoE ) to identify an upside of +3 to 1 Risk to Reward ( “R/R” ). • Asset | VSCO ( Victoria Secret ) • Type | Equity • Position | Short • Entry | $ 39.52 • Stop Loss (...
To begin, I am not a Seasoned Trader; I use this blog for: 1. Record keeping; & 2. Formalizing my thoughts a. If I can't explain simply here, I shldn't engage To begin, my Rules of Engagement ( RoE ) to identify an upside of +3 to 1 Risk to Reward ( “R/R” ); in this case it may yield a 3.1- 3.94 R/R. • Asset | IEF ( iShares 7-20 Year US Gov’t Bond ) • Type |...
To begin, I am an American albeit do not live in the USA right now; I know what Grub Hub is though. Therefore, would love to hear & listen to positive or negative comments to this position. To begin, GRUB has an earnings submission coming very soon ; their stock has not acted positively to them since ~2018; pls take a look. Since 31 OCT '19 ( low ), it has ...
Living in Hong Kong, I am seeing the protests re-emerge literally outside my flat. I do believe this will have a continued impact on tourism here in the S.A.R.; notably from Mainland Chinese. HK Tourism I believe the move which began on 8 OCT is a result of the "Phase 1 of the Trade Deal." ( same day as Trump started it ). While I believe greater "USA...
I am feeling a little strong on a DX rally albeit the signs are showing I should go short on USDCHF 1. Previous structure in JAN '17 2. A x3 Fib confluence 3. Fib Time fans 4. RSI Divergence (if that's the way this plays out) 5. 100 Day Moving Average Distance Enough points to hope the Swiss Franc pulls its weight against the USD.
Shorting RBOB ( Gasoline ) at 2.15. TECHNICAL This is largely based on a technical situation: Two (2) fib levels confluence 88.8% ( MAY ’18 -> DEC ‘18 ) 1.27% ( MAR ’19 -> APR ‘19 ) One ( 1 ) notable Fib “Time” Level ( 1.382% FEB ’16 -> MAY ’18 ( Bullish Retrenchment ) ) Previous Structure Mid ’18, Aug ’17 & Jun ‘15 RSI Divergence RSI ( Daily Chart ) topped...
Hope everyone had an enjoyable weekend. Working on a backtesting strategy recently that has proven to have a favorable expectancy. I named it Hang 6 but its basically a structure trading strategy that employs a minium Combined Technical Score (CTS) of 6. Will be watching this as it progresses but heres what I am currently looking at: - Minor structure area...
Watching this progress. Looking to Short @ 0.6886 if we get RSI Overbought (75+) & Divergance; reasons for entry: - Structure - Convergance - RSI Divergance? - RSI Overbought? Stops & Targets as per the chart
Price action has come into a minor structure area. Looking at a Short @ 38.05. Reasons for entry: - Structure - RSI Divergance - Fib Convergance - AB=CD Pattern - Higher Timeframe Confirmation Stops & Targets as per the graph.
A little late reporting this but still an opportunity to get involved. Going short with a bearish cypher pattern on 1H back into a previous structure zone. Sprinkle a little RSI divergance and we might have a nice profit making opportunity.
Looking at a potential Bearish Bat completion @ 161.139. Price action moving back into structure, AB=CD pattern completion & 1.618 Fib extension of AB w/in AB=CD pattern. RSI divergance / overbought (RSI +70) probable. Given the bank holidays, there may be some potential volatility to be concerned about. Upcoming news from JPY unlikely to move markets. I...
Follow her down for a reversal long (as per the previous publication)
Please see attached...will update on my final wave count going fowards
BULLISH CYPHER setting up with wave count. I set the TP @ 32 Fib albeit if the wave count is correct, you could potentially pull more out of it to the Fifth Wave; I use the 32 Fib as a "valuation" for my risk to reward.
Changing my BEARISH BAT to an ALTERNATIVE BEARISH BAT due to wave count; unless Carney actually raises interest rates haha www.harmonictrader.com