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Overbought weekly RSI with (daily) divergence in OBV and RSI14As the two mentioned indicators confirm each other AND the weekly RSI is also overbought I risk a little short position. Nevertheless, market could move higher anytime so I would only risk 1% with this first trade. If there is a new a high and I get stoped out I would risk another position if there are signs of weaknesses. If the short plays out well I would try to make the trade even bigger! ;) Caution: Trade against mid- and long-term trend! Stop-loss is beeing moved closer if there is a chance. :)
NASDAQ:MSFTShort
by suissedivergence
1
EurPln Buy Short term Hi All , An interesting trade setup on this pair , Using the W1 chart , we can see price is still inside a bullish range , we don't need to be dramatic about the long movement , so patient with this pair should give us some well deserve reward . It's not a day trade , however re-assessing price action below the trendline is necessary if price fails to continue the bullish range leg . Sl marked and we adjust only when price move in our direction to entry or above . many thanks .
Long
by creamygem
2
Bitcoin BTCUSD Rocking it but up against important resistance Bitcoin Bitstamp Bitstamp Rocking It but coming to important resistance here too - can stay long to 8545 if day trading - and if intending to run it would still use the dynamic under price as exit as it can still have one more collapse...don't stay too full-on bullish unless 8545 can be busted above now....needs to consolidate some really but it's Bitcoin. It does what it wants. Day traders will close out and get long lower or if not and it powers through 8545 they have to buy back again once it does...
BITSTAMP:BTCUSDLong
by sumastardon
3
Copper: CUUUSD Another weak Dollar play for next 3/4 days' tradeCopper: CUUUSD Another weak dollar play. Ideal is to buy any dip in Tokyo and rely on dollar weakening ahead of Thursday. Then sell it off the parallels above and go flat (which one depends on your own appetite for risk/reward) and wait to see if the upper parallel can be broken (unlikely on first attempt but you never really know) and if/when it is broken go long again as per comment. Maybe it will happen and maybe it won't. But ask yourself this: would YOU really be wanting to hold USD between now and Thursday if you had the choice? Here's the thing: you do have the choice. You can hedge or you can do nothing.
CLong
by sumastardon