MyPivots
Sign In
AL
albert
Rep: 99
Posts: 3,094
Starting it off.

Al
RA
rat89
Rep: 0
Posts: 7,015
gld in three timeframes - daily, 60, and 15 - make or break, long with a tight stop is the setup
Click image for original size
screen shot 2018 06 04 at 8 33 12 am png

Click image for original size
screen shot 2018 06 04 at 8 33 20 am png

Click image for original size
screen shot 2018 06 04 at 8 33 30 am png
RA
rat89
Rep: 0
Posts: 7,015
that does not mean the dollar is done. The high last week would be a reasonable place for a pullback, with five clear waves up. A wave 2 pullback here gives gld room to move.
Click image for original size
screen shot 2018 06 04 at 8 41 53 am png

Click image for original size
screen shot 2018 06 04 at 8 42 09 am png
RA
rat89
Rep: 0
Posts: 7,015
time to decide!

Click image for original size
screen shot 2018 06 04 at 9 55 29 am png

Click image for original size
screen shot 2018 06 04 at 9 55 42 am png

Click image for original size
screen shot 2018 06 04 at 10 02 40 am png

Click image for original size
screen shot 2018 06 04 at 10 02 48 am png

Click image for original size
screen shot 2018 06 04 at 10 02 57 am png
AL
albert
Rep: 99
Posts: 3,094
Paper trading. I went long a call in AAPL and in XLK. Made some on AAPL, did not make or lose anything on XLK, except I lost the cost of a commission.

I liked the look of the AAPL daily chart.
Click image for original size
scsc335 png


The Intraday trade in APPL looked reasonable and easy, so I entered during the initial price upmove.
Click image for original size
sc333 png


I broke even on the intraday on XKE. I got in on the initial price upmove.
Click image for original size
sc334 png



Good Trading,

Al :--)
MA
MarcinO
Rep: 67
Posts: 5,506
Cable (6B M18) seems ready for another leg up. My favorite area is at 1.3445-60, but it may just retest yesterdays resiatance just above 1.34.

Click image for original size
6b 2018 06 05 png
MA
MarcinO
Rep: 67
Posts: 5,506
Cable made it to 1.34 and started to move down again. This bearish correction looks completed.
RA
rat89
Rep: 0
Posts: 7,015
gld 60 - eye on .786 - .886 rt of 121.97 - 123.82 at 122.37 - 122.18. Note the importance of 122 area relating to the swing up from 117.40 and from 123.57

Click image for original size
screen shot 2018 06 05 at 8 47 03 am png
AL
albert
Rep: 99
Posts: 3,094
rat and Marcin,

Good work!

Al
AL
albert
Rep: 99
Posts: 3,094
Paper trading. I am trying to find and develop an edge. And I am trying to understand price patterns at the open. Thank you all for your kind and constructive comments!
The market and NFLX were good to me this morning. I made a bit on NFLX. I lost a bit on KSS because I got greedy. IMO, AAPL had a nice setup on the one min tf. I did not trade this AAPL setup, but I thought I would note it here.

NFLX had a price reversal up at the 0.300 fibo overlap with 0.382 fibo (oval shows 0.382 fibo/0.500 fibo overlap) in the gold cross envelope with STO OS in the previous session.
Click image for original size
sc337 png


KSS had a Kane FLAT ABCD completing at 0.500 fibo.
Click image for original size
sc338 png


APPL on the one minute tf had an initial price surge up at the open, followed by a falling wedge that completed with price reversal at the half-gap/0.618 fibo overlap at a gold cross with STO OS. A nice price runup followed.
Click image for original size
sc336 png


Good trading,

Al

:--)
RA
rat89
Rep: 0
Posts: 7,015
meanwhile, gdx is in a game of chicken in a triangle.....22.41 is the big .382 here once again
Click image for original size
screen shot 2018 06 05 at 11 28 18 am png
RA
rat89
Rep: 0
Posts: 7,015
spy retest if it wants it......786 - .886 area marked
Click image for original size
screen shot 2018 06 08 at 12 54 44 pm png