


MattArmstrong
I have been watching Soybean futures for sometime now...traded a pullback a few months ago. My broker really is not good in terms of spreads, and even at 5pm spread "pops" whatever you guys call it when the spread explodes at swap time. Anyways. I see that price for several reasons has "bean" climbing. I think, we are going to break to the upside. I see an...
I've traded a few flags to the downside on the S&P500 last two weeks (posted on IG), I just see weakness, I'm in a short position, I am aiming for it to run a little south here. I will go to break even quickly...this market seems too propped up for me, not willing to risk much. I digress, here is my trade idea. 1% risk 2:1RR - Happy Trading!
I just pulled up this chart to have a look, and I think I'll be a buyer Monday. Price on the weekly is looking convincing. Price has settle onto the 200EMA weekly and formed a double bottom on the daily. There is even a nice little bullish engulfing on the weekly showing buyers where sitting there poised and willing. This whole retracement has hit the 61.8% Fib...
US strength! US strength...this is all we are seeing lately. the last short idea did work out, some profits taken and downside protected, but I thought we would visit the other side of that channel. Ok, lets see what it does now??? I am seeing price has revisited the last level of resistance which is very close to our subjective ascending trendline....I am seeing...
Going out on a limb here...We have seen a push down, I see further downside (I have been a bear for sometime) I used a new tool showing "ghost candles" lets see if this flag develops. I am not in this trade and will only pull a trigger if the outlook starts to show confirmation of my bias. -Happy Trading!
Here is a quick scalp trade, done well this week so just a little play. I will lower my risk to .5% and aim for a 1.5/1RR here. This is an hourly chart, one of the most popular timeframes. Price has been swinging well as of late and this is one last attempt. We have price attempting to break the key Fib levels, unsuccessfully. Price has been beaten back on 3...
Ok, so I was just looking at this chart because of a news article discussing the "Meatless Revolution" I do not own this stock or have any intention of trading it (yet). I do see a head and shoulders pattern being defined here. I have added my subjective shoulders, head, and neckline to the chart....remember nothing in TA is every absolute. It's funny as the...
I am seeing a flag developing(ed) on the 1 Hour. There are several reasons for this trade, we have had a push down...and the ripples of fear and oil attacks over the weekend are not getting investors excited. I'll be trading the flag to the downside. You can see price has hit the 50% Fib level and has seen rejection. Let's see how this rolls out. 1% Risk 2:1RR -...
It's too early in the day (about noon EST), the candle has yet to close. I am interested in this trade. I see price has settled nicely on the trendline. I'm in this trade. Double bottom? well, as ususal we will see how this rolls out. 1% risk 2:1RR - Happy Trading!
Adding to our short idea discussed a couple days ago. Strong rejection today, we do need to wait for the candle to close (in about 4 hours) to confirm anything, I use Metatrader to execute for so many reasons, but TradingView is such a wonderful tool for analytics. 1% Risk 2:1RR -Happy Trading!
I'm sure I'm not the only one pondering the USD strength. I traded the USD index through this pair last week, it worked. I did think it was going to go a little further however. Ok, so now I see price approaching a previous area of resistance on the 4 hour. A dash of MACD divergence available... toss is a pivot and we have a story beginning. Things can happen fast...
It has been a busy couple weeks in the old markets, I think alot of people (me included) expected USD weakness sooner? Well, this may be a good short opportunity? I see price has arrived and kissed an ascending trendline (I did not adjust that most recent touch to fit) I see weakness in price action from 1 hour up to 4 hour and MACD divergence beginning. The...
I shorted copper last few weeks several times, happy I did, this week I'm seeing weakness in it's downward trajectory. There is a clean hammer on the daily which really gets me focused. I see MACD divergence developing, double bottoms on 4 hour and price in the area of previous support. I won't take the trade at the current price (I think you could, being happy...
Silver has had an amazing run up as of late, looking for price to relax before, what I see, as more upside potential. Price is making a rising wedge formation RSI is overbought and indicating divergence. I have tried to fade this trade already, surprising how slowly price is reverting, will scale out and go to break even quickly on this. That's it, that's all. 1%...
I see a potential trade on Copper. On the daily it has formed a nice double bottom (unconfirmed) with a strong bullish engulfing candle at support, all good signs to the upside. I am seeing MACD divergence on the daily, in addition RSI divergence. I have dropped down to the 4 Hour chart and have highlighted the 50% Fib area I am interested in for an entry. I'll...
Morning, I see a little more downside to the S&P500 today. If the news doesn't upset this pattern (I won't be trading this pattern due to news today) We have a strong move down with price forming a pennant pattern coming to touch EMA's and 50% retracement area of that current move down. Caution news today! 1% Risk 2:1RR - Happy Trading!
Go Gold! I am a perpetual gold bull, saying that, there are always opportunities. I see one. I see gold has hit a serious level, monthly & weekly pivots, resistance areas, RSI overbought, MACD divergence especially on 4 hour. I typically wait for confirmation, I'm not going to here. 1% Risk, 2:1RR - Happy Trading!
I was asked about this chart, I see the long but I would be waiting for a better entry. I see a rising wedge and would be waiting for a break of that pattern typically to the downside. I see price has risen above previous resistance which is now support. This stock is in a nice uptrend, I like sound entries. I see the RSI and MACD are showing bearish divergence....