Please Register/Login to view Today’s Top 3 Trades. Each day, the top 3 setups and/or momentum trade ideas (from the Watchlist) is presented. All markets analysed are ordered by how favourable the risk:reward presented by the trade idea appears, with the market listed at the top deemed at the time the screenshots are captured to be the highest conviction trade for the day. As many of the trade setups and momentum plays are ongoing ideas inspiring…
Please Register/Login to view Today’s Top 3 Trades. Each day, the top 3 setups and/or momentum trade ideas (from the Watchlist) is presented. All markets analysed are ordered by how favourable the risk:reward presented by the trade idea appears, with the market listed at the top deemed at the time the screenshots are captured to be the highest conviction trade for the day. As many of the trade setups and momentum plays are ongoing ideas inspiring…
Please Register/Login to view Today’s Top 3 Trades. Each day, the top 3 setups and/or momentum trade ideas (from the Watchlist) is presented. All markets analysed are ordered by how favourable the risk:reward presented by the trade idea appears, with the market listed at the top deemed at the time the screenshots are captured to be the highest conviction trade for the day. As many of the trade setups and momentum plays are ongoing ideas inspiring…
…ekly EUR/USD Weekly/Daily/4hr/Hourly Cotton (ICE CT Dec14) Weekly/Daily/4hr/Hourly Arabica Coffee (ICE KC Dec14) Weekly/Daily/4hr/Hourly British Pound Philadelphia Index Weekly GBP/USD Weekly/Daily/4hr/Hourly BUXL (Eurex GBX Continuous Front Month) Weekly BUXL (Eurex GBX Continuous Front Month) Daily I’ll profile Wheat, Silver and Gold again when a trade setup nears. Newsletter Guide Trading Rules…
…for a break on the 4hr chart’s channel support before initiating a short. BUXL (Eurex GBX Sep14) Weekly The following weekly comments are largely unchanged from Friday’s. After four days of falling last week, 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 fir…
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 its multi-month rally. Let’s take a look at the daily chart below for nearer-term analysis. BUXL (Eurex GBX Sep14) Daily A view of th…
BUXL (Eurex GBX Sep14) Weekly The GBX continued its slide yesterday, with its current weekly candle now bearishly engulfing last week’s final attempt at an all-time high. With the bearish engulfing in full swing, it’d now be fairly conservative to say that a double top has been confirmed. The weekly RSI and Stochastics are also just shy of crossing their warning lines at 70 and 80 respectively. The weekly MACD signal line can also be seen as flat…
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 look at the daily chart below to see why there could be a slight bounce (consolidating the recent down move…
…resuming its march higher. I continue favouring long entry around 15. The BUXL (Eurex GBX Sep14)’s weekly candle no longer resembles a reversal signalling Doji, although it has now hit the July 2012 and April 2013 highs, where it is bound to meet strong resistance. The next target would be the May 2012 high. Click here to pull up a longer term continuous chart of the BUXL‘s front month contract. Natural Gas (CME NG Sep14) is becoming a bit overex…
…ities. I am currently long 2 lots at .6392, with a buy limit at .6315. The BUXL (Eurex GBX Sep14)’s weekly chart is looking very bearish now given the 3rd straight week forming a Doji. The daily Stochastics and MACD are also pointing down. I have sell limit short entry resting orders at 138.2 and 138.1, and will target 137.25 initially. Go to Trading View to view a longer term continuous chart of the BUXL‘s front month contract. The S&P500 (ES CME…
