Finance Unfiltered
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Finance Unfiltered
Bobby Iaccino, Jim Iuorio, and Mike Arnold combined over 90 years of active trading experience In stocks, commodities and options. Real trades described by real traders. Look us up on your own, and ask questions..
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Joined on 11th March 2025
Copper has rallied back to the 50
50% harmonic level from the recent decline and also hit the first target of the double bottom again setting up a potential double top pattern on the 4 hour timeframe. The trend is still up and the next 2 targets are still in play for the double bottom but I will be watching closely in case the double top triggers on the 4 hour basis potentially causing a bigger pullback. - Mike
Bitcoin reached the 2nd target of the double bottom pattern, keep in mind that this is still in consolidation. The final target is at the most recent resistance high area. - Mike
***TRADE*** ES S and P futures short. After failing to take out the highs from April 9th and 10th I viewed that as a sign of weakness. I BOUGHT WEEK 3 Monday (expires April 21st) 5100-5000-4900 put fly for 2.75 tics. This trade have ESM5(June S and P futures) currently trading 5425. max risk is 2.75 tics (2.75 times $50 /tic equals $137.5) and max profit is $4862.5. This is a low risk/low probability/ high potential payoff trade. Good luck and thanks for being part of the Finance Unfiltered family..-Jim-