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Forex $1 MM Challenge – Trade #5 (2-7-19) Sold USD/CAD

February 8, 2019 Published by

I talked about this set-up the other day.

Forex Analysis Report 2-5-19…Goldman Sachs Expects More Declines On USD/CAD

What’s really cool is the levels Goldman Sachs are looking at, I had already plotted…the Smart Money and I are looking at the same levels.

Today, I shorted USD/CAD when price returned to the daily supply at 1.32700, but was stopped out 4 hrs later.

So why didn’t the trade work out, it met my criteria for a trade?

Renewed pessimism about the strength of the global economy led to the down turn on Wall Street Thursday after European officials slashed their forecast for

The U.S. Stock Market Had One Hell of a Ride

February 8, 2019 Published by

If you haven’t been paying attention to the stock market the past two months you may need to do a double take.
The Big V
Just as the market broke key technical levels and broke down lower, putting us in “bear market territory” after falling 20% off the highs.
BOOM!
Just like that all is well in the world again as we have rallied nearly 15% to start the year.

How do you even trade this?
In the end we sort of got a capitulation bottom as volume did rise and spike to the highest level in over a year on that final down day before

Unusual Options Activity In Array BioPharma

February 7, 2019 Published by

Things are just getting started in the Pharma-Biotech takeover frenzy.  That’s because the biotech companies are selling at a discount.   For example,  Bristol-Myers Squibb BMY agreed to buy Celgene this month for a 32% premium. Eli Lilly LLY, announced plans to buy Loxo Oncology for a 66% premium. GlaxoSmithKline agreed to buy Tesaro US December for a 58% premium.

Array BioPharma develops cancer drugs including a recently-launched therapy for melanoma. It has potential therapies for several cancers in late stage development, including colorectal cancer and melanoma.  And it has partnered with big pharm companies such as Bristol-Myers Squibb, Merck, Pfizer, Novartis

Forex Price Action Baby, No Technicals or Fundamentals…Trade #3 – Sold GBP/AUD (2/6/19)

February 7, 2019 Published by

10,000 Ft View – 4 Hr Chart

Zooming In

This trade was over even before it started. The entry and stop is 25 pip wide. The entry occurred right before the day session ended at about 4:48 pm. I was stopped out 25 minutes later, when the next day’s session started. The issue was at the beginning of any forex day, there is no liquidity. Thus, the spread on this pair at the beginning of the session was 20 pips. Normally, the spread is 2-4 pips. Thus, I didn’t even have a chance to be right.

The set-up had somethings

Bitcoin, EOS, ETH and Ripple Analysis: QUICK UPDATE

February 6, 2019 Published by

Bitcoin has broken below the $3,400 support, currently trading around $3,365 on Coinbase. Volume remains weak.

EOS seems unable to break above the $2.45 resistance, currently trading at $2.36 on Bitfinex.

Ethereum continues to bounce right above the psychological support of $100 on Coinbase.

Ripple is still operating within a falling wedge, currently trading around $0.29 on Bitfinex.

In today’s video analysis I discuss, where prices may be heading next, various trade setups I’m waiting on and so much more. I hope you find it helpful.
Video Analysis:

 

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope

I Was Wrong About Skyworks Solutions

February 6, 2019 Published by

Everything went as planned except the direction of the stock price. 

It all started when Apple reported that iPhone shipments missed Wall Street expectations for the quarter in November.   They also said that it will no longer report how many iPhones it sells.

Skyworks Solutions, Inc. (NASDAQ: SWKS), a radio frequency chipmaker that gets almost 50% of their sales from Apple fell by 16% in November, after the company reported fiscal fourth-quarter earnings results due to lackluster demand for the new iPhones.

Skyworks was already struggling to increase its top and bottom lines.  Skyworks was definitely going to be affected by Apple’s slowdown

Forex Analysis Report 2-5-19…Goldman Sachs Expects More Declines On USD/CAD

February 6, 2019 Published by

Analysts at Goldman Sachs offer key technical levels for trading the USD/CAD pair in the coming days.

“The next interim support is down at 1.30-1.2974; includes the April uptrend as well as a 1.618 extension target.

There are a few technical resistance levels down to 1.2890 but believe there is scope for a decline.

Consider selling into 1.3282 no higher than 1.3350. Confidence below 1.3206. Next in focus 1.3120. Scope to retrace between 1.30 and 1.2878.

Source

I have been trying to short the USD/CAD for several weeks because I too think there is more downside risks.

Forex Analysis Report 1-27-19…Will The USD/CAD Continue To Rise??? – Part

Bitcoin Technical Analysis: CONSOLIDATING BEFORE NEXT MOVE

February 5, 2019 Published by

Bitcoin continues consolidating right on top of the 0.786 fib level. It’s been testing the top of what appears to be a falling wedge, but has yet to break out above. Volume remains weak.

In today’s video analysis I discuss, where price may be heading next, a possible trade setup I’m preparing for, traps to avoid and so much more. I hope you find it helpful.
Video Analysis:

 

If you don’t see the above video, navigate to TIMM (https://mentormarket.io/workin/) or Steemit in order to watch.

I hope this has been helpful. I’d be happy to answer any questions in the comment section below. Until

Unusual Options Activity In Mattel

February 5, 2019 Published by

Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide including, but not limited to: Barbie dolls, Matchbox vehicles, WWE Wrestling, Minecraft, Toy Story, Fisher-Price, Mickey Mouse Clubhouse, Power Wheels and America Girl products.

Oh and my wife and daughter would kill me if I knew and didn’t mention  Mattel announced earlier this year that it had reached a worldwide licensing agreement with South Korean boy band BTS where Mattel will produce dolls, collectible figures, games, etc.  BTS hasn’t penetrated the US yet, but in South Korean, its fan club has a waiting list and those wishing to join

Gartman Alert! “We are LONG of Equities…”

February 5, 2019 Published by

Hopefully this becomes a significant pattern of posts that will help everyone on fintwit, TIMM, and steem in the future. These will be known as “Gartman Alerts”
Here is the backstory…I have been following fintwit twitter for multiple years now and I honestly believe this correlation has stayed in tack for over 3 years. I beleive it work greater than 90% of the time and there are many that can vouch for this. The talking heads on TV are put on TV just to talk, they likely know less than many that just type in front of a keyboard and tweet

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