Get started

200ma

AUDNZD Price pushed through my Bollinger Bands and then retraced through the 20 MA. I am looking for price move back to the 20 on the daily time frame where I will be looking to short on a lower time frame. I plan to hold the trade until it hits the 200 MA. I am taking advantage of my broker's leverage and how much margin is required to place the trade. In terms of AUDNZD my broker will allow me to risk 14% of my account per unit of movement. Since this is possible I will be able to place a 0.19 lot with a $10 account. This position size will give me about 6 - 7 pips before being margined out (I use this as a stop loss). At most, I will lose $10 per entry attempt but most likely will only lose about $7.50 per entry attempt due to stop out requirements put forth by my broker. My profit target is about 300 pips away at the 200 MA. Given the position size, I will stand to make about $400. I will make this entry attempt as long as price stays below the 20 MA and doesn't break to up or down. If a break up is made, then I will wait for price to break below the BB and 20 MA to consider an entry. If price breaks to the low, then I am no longer interested in the trade until price breaks above the 20 MA and then below it again. Good luck to everyone.
Short
by BACapitalManagement
Holds support - Potential pullback to 100$$AAPL closed above its 200 weeks MA last week and also created a weekly False Break. As long as the 200 SMA line holds as support, $AAPL has the potential to rally higher towards the 100$ to re-test that important psychological zone and the Fast SMA line. The final target zone for this bullish setup is the downtrend line shown at the chart. Tomer, The MarketZone This analysis is part of the Weekly Markets Analysis newsletters To read more interesting technical reviews for the week- goo.gl To subscribe to the newsletters - goo.gl
NASDAQ:AAPLLong
by themarketzone
SPY again shows bear control till end July or AugustBloomberg (or was it Reuters?) predicted in November the economy would be moving sideways in a correction phase till mid-autumn 2016 at the earliest... Seems correct so far The head and shoulders is a bit obsolete but still can be considered a vague indicator of the direction (based on volumes). Fibonacci levels are agreeing between the different peaks and valleys since last year. MACD is showing strong signs of falling back to zero in the very near future. Stochastic is well above 100, RSI is close to 75, and CCI is touching on 100. These are obvious bearish indicators. The last time this occurred was roughly November 2nd, 2015; it resulted in a slow and chaotic slide for the next 38 days till macd reached 0, followed by the final drop down to late January levels. The final concurring indicators was the Fibonacci levels (.23) arriving where the 200sma (weekly) is on track to be... Early August. (Election Season will only make the end more interesting). Good luck out there
AMEX:SPYShort
by Bwinks