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USD / Gold / Alibaba / FX Options

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Gold 1) We witnessed the break of the $1,200/oz psychological support for Gold last week as price action accelerated on the downwards momentum after the psychological break. 2)Gold looks poise to record yet another monthly loss, matching the milestone in 1996 when the yellow precious slumped for a record of 5 consecutive months as well, though degree of drop was different. 3)Gold investors has been struggling tremendously on the back of the rallying USD as status of safe haven currency/asset is being questioned during this period of heighten tension of geopolitical risk. 4) Non-commercial COT positioning also hit extreme bearishness, going into negative territory for the first time in  17 years  [ see chart below] (Bloomberg) China Tech/ Alibaba 1)Last week we saw some of the China tech names exhibiting some form of rebound after dismal earnings from Tencent in mid-last week dragged Chitech space even lower initially. Stocks like Baidu and Alibaba traded to their
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How is Walmart Doing After Its Dismal Feb Earnings

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Entries advised last Friday. For request to be put in mailing list, please send request to sgwyckoffvsa@gmail.com Walmart dropped close to $18 since it reported a weak set of earnings in Feb. Share price had since plunged almost 17% since then. Revenue was higher but a missed on profits ; lower e-commerce growth than expected and a lower 2018 guidance saw Walmart took a beating. Reason could be more due to the heighten valuation rather than the result as result was actually fairly inline. Prior earnings WMT valuation was at  24p/e X multiples which does seems very expensive as compared to other annual earnings Forawrd p/e currently at 16.63 while current P/E 17.65 have traded nearer back to its 2017 average levels. [See Chart with P/E ] On valuation, the risk on Walmart is that it is more expensive than many of its retail competitor while it struggles against e-commerce giant Amazon [See Peers valuation ] Bloomberg consens
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shorted audusd 7705...

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Got Lucky with both nzdusd and usdcad yesterday on FOMC

Update: Tped Usdcad with 100 pips.. Scalped nzdusd befofe fomc..about 40pips from one of my average downs..still have a short put on that positions at strike 0.70. Back to the drawing board....
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NZDUSD / USDCAD

Very Quiet week as market awaits a slew of Central Banks meetings, BOJ/BOE/FOMC/G20 and not forgetting the Dutch election risk today. I am currently looking at just 2 charts which I thought they are at interesting levels. NZDUSD : No 3 red weekly closes since 2015 June. As seen on chart below, since June 15, each 2 consecutive of weekly losses in NZDUSD was met with a positive close on the following week. History to repeat? Risk : More hawkish FOMC meeting/dot-plot could see NZDUSD back below 0.69 and test its Dec low in 2015. Disappointment in NZD GDP q/q on Thursday will be key as well. USDCAD/Oil : WTI pieced through the important 200 days moving average after the break of a rising wedge. While the oil selling momentum is strong to the downside, USDCAD is currently close to the key psychological level of 1.35 with a possible triple top formation. Gut feel is that we will trade above 1.35 this week and could find a better short level then. From the option marke
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Lost My Gmail Password. Cant update blog as no access on com.

Been a good month so far! Back from trading FX and net about 200 pips in first week through 2x Euraud long,Eurusd long. Currenrly holding onto a sell put Nzdusd @ 0.700 strike and a Kiwi long @ 0.690. Expect it to move towards 0.7050, at least... Eur strength was expected..stop calling the parity trade...your hurts at 1.05 while tryinf to play the break down is going to gurt you so bad! It is a long and long throughout. Good Eur Ez econ and good price action...Easy trade back towards 1.075...the very least. My psychology of trading has certainly improve. Unconscious competence! Just doing what you are good at with consistency and goos risk management! Trading is not as tough as it seems as 5 yeara ago... Shall update more when I manage to retrieve my gmail pw... hw
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VRX doing well as expected!

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Test bar confirmed..This is what you get! Till weakness is seen! I shall be greedy for this trade #VRX
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VRX - Showing Bullish Signal

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As illustrated below. Planning to buy some stocks option and going for a calculated gamble. Wish me good luck! Weekly charrt showing bullish behavior. Riping soon I guess! Update on the VRX : Changed of CFO give an excuse for VRX to surge 7-8% overnight! My options that got in on Friday is up 50%. Looking beyond the 32.5 and hope Delta will get closer to 1 now! Test bar verified and confirmed...
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