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EURUSD LONGERTERM (W) SHORTHere's another style of trading it plays upon the overall smart money concepts. Measured Move W/ 7% Extension aligns perfectly with the 88% Fib Mark which its played off of twice previously on the weekly. Looking for the first trade to take us up to entry and the second to drop the price off the face of the chart. Make sure to risk 1% as this will give you up to 38% feel free to grab as many percents as you can! 1. Measured Move Repeat 7% Ext 2. 88% FIb level aligns with Ext 3. 88% fib level played out previously 2x on weekly 4. Long-term Bearish 5. HL - LH, Hl, LH Patterm 6. Broke the previous lows/Now Retracing/looking for next lower high
Short
by jonathancarlucci
3
DOW Jones Industrials A Beautiful Old Lady Still The Dow began its history with 12 constituents and grew over time to become the Dow 30 that we know today. There's those numbers again. The old lady is now 122 years old and still as beautiful as the day she was born. But beauty is in the eye of the beholder. Maybe she doesn't do it for you... Dow Futures Update DJIA1! This index had to stay above the 25702 line during yesterday's ongoing whipsaw through the open and beyond and if it managed to do this it meant a test of the next resistance line at 25782 would be the most likely outcome. After rallying to within 10 points of the upside target at the open It then managed to hold up through a turbulent session with a subsequent low at 25713, before rallying away to the target and beyond. As this is finished it's sitting just 4 points above yesterday's upside target line at 25782. Support here may hold up but It can come back to 25759 when the market opens at lowest but must hold here to stay positive today. To hold up in the 25782-25759 range through the open will again be very positive for this index up to the 26010-26055 range with lesser resistance at 25887 being the likeliest spot to expect profit taking /consolidation taking during the ascent. If not long already can look to buy the dip with stops below 25750. Dow Futures Closer
OSE:DJIA1!Long
by sumastardon
Bitcoin: BTCUSD Stop management post breakoutBeautiful Bigger Bitcoin Stop management after Break out She grows like Alien and she's every bit as magnificent. Sweet flag with a low at 7885 (and another forming, just consolidation) so the hastily written update to drop the stop under 7850 hopefully kept any newer traders who unwittingly got sucked in at the high from getting stopped out. That was a nasty no-man's land break for a while there. Could only update on the crypto currency pages here showing this flag and praying for the break-out proper. Notice how once again there are just two touches of the lower parallel (showing it's hot, very hot) before it blasts off? For newer traders, that was a hair-raising hour there - hope you managed to buy on the first pull back rather than the top (if you bought at the top please go back and read the full mad narrative of this 2 week long chase after Bitcoin and check breakout trades) Anyway, hesitate to say it because it always feels like it can come back and bite almost any time, but this is a good breakout. The Chinese may well try to push it down on their open, but by tomorrow morning it should be considerably higher than 8000. Very unlikely to trade below 7850 now at lowest later tonight. Except for day traders, stops need to be left under 7800 for tonight, and even better, under the freezer lid level at 7717. We just have to get through tonight now for the bull case to hold strong and to finally toss away that key (if you're looking to hold for long term: no bad idea. Usual premise: wait until you see Bitcoin all over FRONT page of your hardcopy/old-fashioned newspaper and then start looking for that key again. Or trade it and perhaps make money either way. If you managed to play the triple play by the book, as laid out and managed to keep your stop under 7660 as advised you are now 350 points up so far, but super-geared after using the first profit as stop for the breakout trade - after a stultifying 34 hours we finally got our reward. Turns out that 7717 really was the freezer lid. Hesitate to say it but ....soon we can throw away the key and ride it awhile. Hope you've enjoyed the ride so far. This is just the end of the beginning for Bitcoin. There will be a lot of money to be made from trading this beast. Perhaps not from owning it: who can honestly say? But we can honestly make that claim if we trade it sensibly. It's the best fun. Even better than football. It's as good as Paul Pogba. Almost. Initial support at 8000, then 7860 and then major support at 7717-7000. Whilst above here Bitcoin is headed much higher.
BITSTAMP:BTCUSDLong
by sumastardon
2