Tradable Patterns

Trading liquid global markets

  • FOMC Today, Scottish Referendum/LTRO Tomorrow
  • FOMC Today, Scottish Referendum/LTRO Tomorrow
  • FOMC Today, Scottish Referendum/LTRO Tomorrow
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FOMC Today, Scottish Referendum/LTRO Tomorrow

GBPUSD (Wkly/Dly/4hr/Hrly/30min/5min) Charts

Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly/30min/5min CT has now retraced almost half of the rally from its July low to its peak last week. It is showing bottoming action in the 4hr and hourly chart, and is fairly near the rising support line shown in the daily chart. CT also remains above longer term downchannel resistance… Read More

Netflix (NFLX), Tesla (TSLA) Plunge

USDJPY (Wkly/Dly/4hr/Hrly/30min/5min) Charts

Corn (CME ZC Dec14) Weekly/Daily/4hr/Hourly/30min/5min ZC had a nice bounce yesterday positioning it now at channel resistance as seen in the 4hr chart. I anticipate potentially significant upside once uncertainty over the Wed FOMC statement lifts. In the meantime, I went flat yesterday at breakeven and will try to re-enter my long slightly lower in… Read More

USDX, Euro Added to Watchlist

Euro Wkly Chart

Corn (CME ZC Dec14) Weekly/Daily/4hr/Hourly/30min/5min Although ZC pushed lower Friday, it increasingly looks ripe for a bounce. I am long at 341.55 with the expectation that the descending wedge support (in the weekly chart) will hold, and open the way for an attempt at breaking above wedge resistance. The weekly and daily RSI and Stochastics… Read More

Raw Sugar (SB) Added to Watchlist

Gold (Wkly/Dly/4hr/Hrly/30min/5min) Charts

BUXL (Eurex GBX Continuous Front Month) Weekly GBX began stabilizing yesterday, after initial weakness early in the session. The weekly RSI and Stochastics still slope steeply down, and the weekly MACD signal line should be crossing negatively in the next few sessions suggesting more bearish action overall in the weeks to come. Let’s take a… Read More

BUXL (GBX) Resuming Downtrend

Gold (Wkly/Dly/4hr/Hrly/30min/5min) Charts

BUXL (Eurex GBX Continuous Front Month) Weekly GBX resumed its downtrend yesterday on the December14 contract, while the continous front month chart seen below shows yesterday as an up day. Irrespective of which chart is used, the weekly RSI and Stochastics continuing their fall below their warning lines at 70 and 80 respectively. The weekly… Read More

Corn (ZC), Wheat (ZW) Trying to Reclaim Jul-Aug Lows

Tesla (Wkly/Dly/4hr/Hrly/30min/5min) Charts

Wheat (CME ZW Sep14) Weekly/Daily/4hr/Hourly/30min/5min ZW is clawing back towards the descending triangle support line seen in the daily chart. On the 4hr chart, this support turned resistance line is just above current levels. I will wait for a break back above this resistance line before looking for a long setup. The weekly and daily… Read More

Busy Trading Day with Volatility Spike Post-NFP

Netflix (Wkly/Dly/4hr/Hrly/30min/5min) Charts

BUXL (Eurex GBX Sep14) Weekly After four days of falling, the GBX short idea still has legs. The weekly RSI and Stochastics are now crossing below their warning lines at 70 and 80 respectively. The weekly MACD signal line is also turning lower, with the weekly MACD histogram now falling for the first time following… Read More

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