…king after the gains over the last few sessions. I will remain flat today. BUXL (Eurex GBX Sep14) Weekly/Daily/4hr/Hourly/30min/5min The GBX is going to be a bit off my radar until it hits its all-time April 2012 high. I will then watch for its weekly MACD to stop rising and begin falling, and for its weekly RSI and Stochastics to begin rolling over. Note the daily reshuffling of the charts. As mentioned, they’re ordered by how favourable the risk…
…of other trade ideas (as mentioned above) that I’ll be actively pursuing. Buxl (Eurex GBX Sep14)’s Friday action neutralized some of the bearish behavior earlier in the week, and suggests it has some upside before forming a more lasting top. As GBX and any other bond future typically only trades in the front two month contracts, there will never be much beyond several months worth of historical data for the weekly and daily charts to display mean…
…Arabica Coffee (KC) Weekly/Daily/4hr/Hourly Although I feel USDJPY and the Buxl (Eurex GBX Dec14) continue forming major tops, and Soybean (CME ZS Nov14), Wheat (CME ZW Dec14) and Corn (CME ZC Dec14) major bottoms, I haven’t profiled their charts in today’s list as their daily and 4hr charts currently suggest less favourable risk:reward today versus my trade ideas presented above. As usual, I try listing as many tradable setups (which I consider t…
…ly/Daily/4hr/Hourly Euro Philadelphia Index Weekly EURUSD Weekly/Daily/4hr/Hourly USDJPY Weekly/Daily/4hr/Hourly I’ll profile USDX, EURCHF, Tesla, GBPUSD, Buxl, Silver and Gold again when a trade setup nears. Newsletter Guide Trading Rules…
…Sugar (ICE SB Mar15) Weekly/Daily/4hr/Hourly USDX, EURCHF, Tesla, GBPUSD, Buxl, Silver and Gold are all looking increasingly interesting but I won’t have time to cover them as I’m trying to limit the number of markets covered to the symbols I can cram into my daily tweet (on Stocktwits.com/Twitter.com). Once one of these markets provides a better risk:reward trade setup, I’ll bump off one of the markets profiled above. Newsletter Guide Trading Ru…
…prior high. I will likely exit my short today close to current levels. The BUXL (Eurex GBX Sep14) is going to be a bit off my radar until it hits its all-time April 2012 high. I will then watch for its weekly MACD to stop rising and begin falling, and for its weekly RSI and Stochastics to begin rolling over. Note the daily reshuffling of the charts below. As mentioned, they’re ordered by how favourable the risk:reward of the trade idea appears bas…
…selloff, cotton will likely try again to form a tradable bottom next week. Buxl (Eurex GBX Sep14) continues rolling over from its recent peak after a strong extended rally as seen in its daily chart. As GBX and any other bond future typically only trades in the front two month contracts, there will never be much beyond several months worth of historical data for the weekly and daily charts to display meaningfully. One way to display longer dated c…
…hort the CFD (up to 200 shares equivalent) in the range of 445 to 450. The BUXL (Eurex GBX Sep14) short idea will become higher profile by early next week I suspect as the weekly Stochastics and RSI begin pointing down after entering overbought territory. The weekly MACD continues pointing higher, but should flatten in the next week or so as its histogram begins leveling. As mentioned, the upside risk is to GBX’s all time high made in April 2012….
