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Breakouts

A-pivot breakouts in EURUSDA-pivots (called A-UP and A-DOWN) are calculated using the opening range (OR - that is where price "belongs") often referred as Initial Balance ( IB ), in our case - monthly opening range. You can find the formula in Fisher´s book. Red lines are opening range (the range of first 2 or 3 trading days in the beginning of month). Then one multiplies a specified distance (certain number of ticks above below OR) from opening range to get A-pivot level. I am not sure about the exact formula but ACD indicators do it automatically. Opening range ACD strategy is usually applied to day trading but it is interesting to see how EURUSD reacts when those A-pivots are broken on monthly. In relatively smooth downtrends price nearly always forms this peculiar bow-loop pattern, returning back to where it broke. Sometimes such bows or loops are formed twice a month. This is not observed in strong trending market (you can flip back) but still even then price uses those levels as support - resistance. The fact that price keeps returning back to monthly A-pivot means there is no strong trend yet. GOOD LUCK!
Education
by ICFX
4
$MFA: $3 to $4 Swing Potential (78%+ Correction Growth)First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into a few of my key opinions. Right now, MFA financial has been a stable growing stock overall in terms of its history. However, it had one of the biggest bearish runs any stocks have ever seen. The housing market also took a huge hit recently, and for a stock to have a performance of between $0.32 and $8.09 within 52 weeks is crazy. I think this is more and more likely a short call then a long one, but I am very bullish on an upcoming upswing trendline for MFA given past correlations and what investors have been saying .
NYSE:MFA
by gamer456148
1
NZDUSD IN SYMMETRICAL TRIANGLE Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see, the pair is inside Symmetrical triangle. One can wait for its breakout. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us. Ryan.R..Lopes
by Ryan_lopes
ERY LONG position on breakout of downward trendlineAs ERY broke its minor downward trendline and came back down close to a retest, a long position is entered with a tight stop. Factors leading to the decision: The small recent downtrend has been broken, then price came back near the trendline to test it Price has re-attempted the recent high, showing strength A recent high offers us a place to put a logical technical stop As always, respect a tight-stop. If it rips up, let it run and trail stops behind.
AMEX:ERYLong
by ericsolan
1
HESS SHORT potential on trendline breakdownAs HES breaks its minor upward trendline , a short position is entered with a tight stop. As this trade progresses, longs would will be forced to exit, creating a potential for a steep move down, at least to the trend start around $43 Factors leading to the decision: Price was rejected trying to make a new high in November, creating a new major downtrend Medium-term upward trendline broken, so now we look for downward continuation Very heavy volume on the bar that broke the downtrend The bad news is there's no recent retracement to tuck a stop above... so the stop on this trade is a big wider than I like, and it will be inside the trend around $62.50 As always, use a tight-stop and if it rips down, let it run and trail stops behind.
NYSE:HESShort
by ericsolan
CTVA added to the watchlistCorteva (CTVA) is forming a potential setup. I like the chart, but ideally I want to see the price action contract and consolidate between $33 and $32 (approx.), and the longer it does that the better. I would then want to see the price break above the top of that consolidation. Patterns like this can be very powerful in newly listed stocks, but for me, I need the above conditions to occur before I get involved.  So no trade yet, but will be watching closely over the next month.
NYSE:CTVA
by CoryMitchell-CMT