Gridcoin vs Bitcoin rebound plus interesting breakout formationWe can clearly see here that the support has been created around round number 500. It created false double bottom buy signal in December. Area between mid of February and beginning of March shows interesting formation when pair tried to break the support with negative results. There is second important level which is created by consolidated three GAP's on daily chart. I marked this area with first rectangle. Yesterday big bullish candle went thru 200 ema and all three GAP's. I would suggest to set SL just below 0.00000500(It is rare that the pair will go thru strong support just to bounce back again). TP is set around highest highs from September. I think that 0.00002000 level is reasonable as well.
200
GBPAUD double bottom and very harmonic three soldiers formationHuge doji candle formed in October stopped losses, then in next 5 moths pair created interesting formations close to 1.6000 three soldiers followed by double bottom. I put TP very high based on my personal calculation in relations to the three soldiers formations. GBPUSD rebound from all times low at 1.2000 which in my opinion will put pound in bullish mode for some time. It is long term position but I think it could trigger TP or SL in relative short time. If the pair will follow my idea I would suspect some side movements close to the 200 ema.
MA200 key resistance level- XAUUSDPrice is moving bullish till the moving average. If doesn't break it, we will get a 38,2 fibo correction and a clear eliott figure to go short
CORN can't support bullish pricePrice couldn't break MA200. It coincide with a clear resistance level. Short til the next support, and waiting a break to project the short till 3.10.
pennies to thousands strong group oil above 200 macci and percent r above see why its important in our book on amazon soon our website 40 yrs experience always diversify and have stop losses stoc and macd crossed relative strength good
4HR EMA TRADING STRATEGY In this example I show you one of the ways I use to trade in a 4hr timeframe.
The idea is to first wait for ema cross, and then wait for at least 2 retracements, after retracement, open a position and place sl below or above the previous retracement depending on your position.
The only downside to this strategy is you might miss a lot of other trading opportunities waiting for the retracements.
Let me know what you think.
Long opportunity on NASDAQ100Criteria meeting long set up:
- low test bar close
- support at ~4450
- trend line support (third test)
- rejection of 200 ema
- ascending triangle pattern
entry - above high of low test bar
stop loss - below low of low test bar
target - at next resistance level or higher
GBPAUDGoodmorning,
Possible bearish Gartley on GBPAUD.
Everything in the chart.
Good luck,
Great trading week
$GPRO Potential breakout. Breakout potential through trend line resistance. 20 DMA support holding up.
Time for a timid short - Triangle formation still in playAfter riding the monday-tuesday rip higher (Kudos for those who BTFD @198!), now I opened a short at today's last minutes of trading. Stop: 206.50 (in case we are breaking out); limit: a retest of the 200 psychological Pivot Point.
The rationale behind this trade is mostly technical: the triangle pattern forming in SPY, suggesting indecision regarding the future evolution of US Equities, seems to have a bearish bias.
This could reflect the greater likelihood of a move down for the foreseeable future: Valuations are high, the dollar remains expensive, SPY got a 30bn outflow on January, the Fed rate hike seems like could come sooner than some economists forecast...
Hence, I find the current prices good enough for a short position. The stop will be put in place in case we breakout to the upside.. Everything's possible and there's no worse idea than trade without stops. May add more if there's a sign of a false breakout.
Good luck!
Short Cut to 200A simillar move has happened before, so don't be surprised.
Short now and place your limit buys around 200.
Give it a little overhead up to 320 though ...
DAL Long - Consolidating Flag (Bull); Risk:Reward > 10:1The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down:
1) Bullish RSI Holding 60 Support
2) Established Uptrend - Long Term
3) Bounce off 150 EMA
4) Long $4.46 move straight up through all EMA(8/21/50), through resistance, and consolidating above.
5) Broken Downtrend
6)Weekly Uptrend Is Beautiful - Right At EMAs (8/21)
(My Screen Is Too Small To Pull Up Both Simultaneously)
Cons:
1) MACD Is Positive
2) Momentum Tapering As We Consolidate
I like the chart, and like what I see. I'm getting long here. Possibly with a covered call, but maybe something else. Not sure what other plays are available with such low volatility, but the verticals and diagonals are getting old.
OVERSOLD BRITISH POUND STALLED AT 200 MA50 ma IS WAY ABOVE 200 ma AND PRICE HAS STALLED AT 200 ma LEAVING ME TO BELIEVE THAT THIS MOVE IS A POP-DOWN TO BE FOLLOWED BY A RETRACEMENT BACK UP. RSI IS SHOWING WAY OVERSOLD. FOR THIS ONE RISK REWARD LOOKS GOOD TO ME. I WILL PLACE A BUY STOP JUST ABOVE FRIDAY'S HIGH.
