Trading Setups and Strategy for the week of Sept 12th.
The Weekly Call is a feature at The Art of Chart where we discuss the coming week and a potential trading strategy that can be profitable. This week we review last week’s calls and what to expect this week.
Live Cattle follow up
From last week’s call, bounce has happened as expected, over $4 in profit on this legg, we would expect subscribers to average 60% of this swing or $3. The small cycle high window lasts until the 14th of Sept, then expecting lower prices to first target of 98.625 and this can potentially get to 95.875 around Sept 22nd. See the cycle chart below. Will be watching for the turn lower early this week.
Cycle Chart for Live Cattle
Gold Futures
Gold has played out as expected, so first leg up based on last Sunday’s post is 300 ticks of which we would expect subscribers to have captured 60% or $1,800 per contract. We don’t recommend counter trend trading gold at this moment. We are waiting on the next setup on gold which may may come in at the trend line or lower. Timing cycles are calling gold higher into the end of Sept.
Cycle Chart for Gold
The Nikkei
Our trading strategy on indexes, we are looking for more bullish action into month end. To take advantage of this we are looking to the Nikkei for a short term trade. On the Nikkei, look for a short term pullback into the monthly pivot at 16584 to as low as 16400. By the end of September we are looking for a high window around the 17995 area. The high window extends from 9/22-10/2. No profits yet – we do not recommend counter trend trading the Nikkei, we are waiting on the setup.
Cycle Chart for the Nikkei
Have a GREAT trading week!!!
11th Sep 2016