Get started

Breakouts

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
Eur/Cad breakout educationalTrading breakouts is not only fun and exiting(whether or not it goes your way) but its a great test to keep yourself engaged and focused on the market, as well as the task at hand which is seeking out retests and confirmations for your next breakout play. In this example we can see this pair with gained strength, since picking up momentum from its move up from the 50% region of the range that it was in and has now crossed above range high. Looks great except for the fact that price has yet to react with the resistance level we had broke on the way up. Without proof or confirmation that the level will turn support it would be reckless to place a trade Confirmation is KEY If you fail to plan you plan to fail, never trade without a map to success. Hope this helps somebody out there and please feed back is greatly encouraged.
Education
by MCERs
BRKR Potential Long Breakout Trade using B.I.T.SWe are already long on BRKR on the weekly timeframe for a longer term investment using our Elliott Wave Indicator suite for TradingView. You can view that original Trade Idea >>>HERE<<< The momentum has built with this trade and we are looking to add or indeed, for those not in BRKR yet, a trading opportunity using our B.I.T.S (Breakout Intelligent Breakout Signals) Indicator. Long at $50.12 with Stop at $48.34 and potential target at $54. This indicator looks for momentum with volume with contraction is price action to look for those high probability breakout trades on Stocks, futures, crypto and commodities. This shows the power of long term investing and trading stocks with both of our Indicator Suites for the Trading View Platform
NASDAQ:BRKRLong
by xBratSoftwareSolutions
Why FPGROUP spike high today? BreakOut DownTrendLine (BODTL)!First of all, congrats to the followers of our Notion analysis done on Thursday which hit the pre-determined targeted price of RM0.950 on Friday. How did we catch FPGROUP before the majority at RM0.505 today? FPGROUP had made a successful BreakOut DownTrendLine (BODTL) when it broke RM0.505, which was the first signal triggered with increasing volume. Furthermore, when FPGROUP broke previous high at RM0.510, indicating a strong momentum was continued to be generated! It's hit our first target RM0.525 for today. We are looking forward for a targeted price of RM0.555 in the very near term.
MYX:FPGROUPLong
by ShareWorldConsulting
Daily Trade Control EuroUsd for 28/10- 1/11/2019 for Swing ModeFirst,i have take major support and resistance from Monthly for direction of price and current trend still bearish and expected to perform double bottom before trend change to Uptrend.The Red horizontal line indicate Monthly support and resistance and Blue horizontal line indicate Daily support and resistance level. For today, i target price still continue go down to 1.10776-1.10658 before go up 1.11300 for retracement and go down for continue bearish trend and it will be in next week. STEP for entry: 1)Find trade control in bigger timeframe 2)Find major support and resistance in bigger timeframe 3)Wait for price breakout and pullback at key level before entry. 4)Set TP and SL base on next support and resistance. 5)My MM is 5% risk from capital. This my analysis for my trading journal.
Short
by MxNadhir
Why I do not like breakouts (even if they are great)As you can see on this chart there were a couple of great breakouts, that went straight in the right direction. We also know that trying to catch tops & bottoms is a noob trap, with all the really ungifted new traders that are 95% certain to fail & quit obssessed with catching bottoms (go check the Bitcoin bull community they have a new bottom every 3 months). So why don't I like breakouts that much? Here is my list of reasons: 1- Even after a couple of years, I prefer to stick to 1 group of strategies and really perfect them, become a sniper, rather than chase opportunities all the time and risk going insane (meaning overtrading). That's definitely happening, a way or another. 2- The majority of us that do not work at citadel etc, are competing against traders with a big information and speed edge. Not only are there directly connected to the exchange and can execute faster than lightning while your order goes throught the internet, but they also have access to alot of the order flow (for forex banks legally simply just have it, and for stocks you got brokers selling their retail clients order flow in exchange for "free" commissions. Not sure about CME futures, might be the only ones "safe"). Your competition will KNOW FOR A FACT there is a breakout long before you. You might be able to set an order with your broker to buy a breakout but it's going to get executed like a turtle far after hft firms and other people using unfair advantages. When you enter on a bottom if it break below you are out and don't have to worry, but in this case, winners have this tendency to go your way very quickly and you have to react fast. And of course your orders have to be set in advance no other way no one can be fast enough. With a rounded bottom accumulation type, you have plenty of time... Feels like a race, with a big disadvantage. 3- Which brings us to step 3. You will get scammed all the time. Currency markets are curious, they love to go test levels before continuing in a trend. Unless you want to have very wide stops and a bad reward to risk, the market will stop you out over and over and over and over and over before going in your direction. I can just look at any chart and see it all over. Rather than whine about what a scam this is, why not simply take the opposite side? If the price breaks, then you place an order very far away in case it pumps like this... As close as free money we can make it without straight up profiting of a bug with a broker. 4- If you buy bottoms with the price pumping your way you are likely to experience POSITIVE slippage, with breakouts (in particular with cotadel front running you) you are likely to experience NEGATIVE slippage. 5- You will never get the whole meat of the move (but if you go for pullbacks and bottoms, you might) Not a very important point because in practice you're not drowning in profits from giant winners with buying bottoms, but nonetheless... 6- I think it puts you in the wrong mindset, you can easilly find yourself chasing the market over and over, the strategy is literally buying into FOMO as fast as possible. Whereas if you wait for a pullback, for weeks, unless you lose patience and do something dumb, you are not going to be chasing anything but accepting what the market is going to give you. So to sum up the main reasons for me are: - I don't like the concept of buying into FOMO as fast as possible - I don't want massive slippage - I don't want to get scammed over and over with the price going against me in a minute, and my way the next
Education
by MrRenev
#VolatilityWatch - $RGNX Upcoming data + Technical SetupThis year has been full of positive catalysts for RGNX. As RGNX continues to build out their clinical pipeline, data catalyst from upcoming phase 2a report on their Wet-AMD gene therapy product could send the stock roaring higher. RGNX is set to report data Oct. 13, 2019 and the companies technical setup is quite nice. The Wet-AMD market is a lucrative opportunity and proving the previous offering was worth the time and R&D to investors with good data will re-ignite excitement and investment. Although market conditions have been terrible lately, RGNX has held up great (I interpret this as positive sentiment going into data). I have outlined and noted bullish patterns I will be watching. One-Year-high : $85.10, July 09, 2018 Cup and Handle formation starting date of IPO (Stock has retraced to bullish .707 harmonic retracement level from the July 2018 high). Recent low of $30 has significant price structure to hold current support. $30 also marked "oversold" territory and double bottom on the one-year chart. Symmetrical patterns portray controlled accumulation/ distribution in downtrend. Recent price spikes indicate Bulls buying back in for potential run-up on good data. RSI and CCI moving toward positive slopes. Fibonnacci support levels converge with July 09, 2018 high. Levels to Watch -- Levels I will be watching to add range from current price ($35) down to $30.40 -- Structural levels (highlighted in horizontal rectangular box) -- Support levels (horizontal lines on chart) price needs to hold range from $30 -> $26 Please like and follow us here so I can continue finding awesome charts and money moves. Thanks in advance! Disclosure: I am long RGNX. I may buy or sell within the next 72 hours. This is not a recommendation to buy or sale, please do your homework before investing. Check my recent move with Conformis Inc. (Nasdaq: CFMS) , gaining over 30% move today
NASDAQ:RGNXLong
by follow_the_money