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Buypoints

TOP US-Stocks: Buy-Signal NVEEThe stock just broke through a perfect buy point and triggered a buy-signal. The stop loss level and profit target are shown in the graphic. All stocks on our watchlists meet the hard selection criteria according to Mark Minervini's Trend-Template and William o' Neil's CAN SLIM methodology AND are in the process of developing a Perfect Buy Point and a low-risk entry, following a volatility contraction pattern. The stock just broke through a perfect buy point and triggered a buy-signal. The stop loss level and profit target are shown in the graphic. 🍾🍾 We trade like the Champions 🍾🍾 Are you struggling with your trading strategy? Follow me to get free, real-time trading signals which are all based on Mark Minervini's success-proven strategy.
NASDAQ:NVEELong
by JS_TechTrading
JS-Masterclass #6: The Perfect Buy PointThe Perfect Buy Point A Perfect Buy Point represents the completion of a stock’s consolidation and the potential start of its next advance. After a base pattern has been established, the Perfect Buy Point is where the stock establishes a price level that will act as the trigger to enter a trade. When a stock’s price level moves through the Perfect Buy Point, there is a high probability that this represents the start of the next advancing phase. You can also call the Perfect Buy Point a “call to action” price level – it is the optimal buy point. In the context of a stock’s Volatility Contraction Pattern, a temporary pause (also called a base building process) allows you to set a buy stop to enter a trade. You want to buy as close to thePerfect Buy Point as possible without chasing the stock up more than 1.0%. In this context, the use of buy stop limit orders is recommended. As a solid consolidation process and the formation of a Volatility Contraction Pattern are needed before a Perfect Buy Point can occur, The Perfect Buy Point can also be considered as the line of least resistance. A stock can move very fast once it crosses this threshold. When a stock breaks through the line of least resistance, the probability is high that the price level will move much higher in a short period of time. This is the case because this represents an area where supply is low. Therefore, even a small amount of demand can move the stock higher. The importance of the Volume at the perfect Buy Point A Volatility Contraction Pattern is needed before a Perfect Buy Point can develop. As explained earlier, supply will stop coming to market at the ed of a valid Volatility Contraction Pattern. This is why we want to see the Volume significantly come down in the day or the couple of days before the Perfect Buy Point develops. Now, with only very little supply of stock in the market from sellers, even a small amount of buying can move the price up very rapidly as the price level moves through the Perfect Buy Point. In the ideal case, this move through the perfect Buy Point occurs under heavily increasing volume. This might be an indication that big institutions are putting their big money into the stock. When all of this comes together, you want to place the order as close to the Perfect Buy Point as possible. Always wait for the price level to move through the Perfect buy Point! Some traders will try to get in before the breach of the pivot point to save a few pennies on the trade. Assuming that a stock will break out is dangerous and the breakout may fail. Be patient! Remember Even if you respect all these technical requirements of a Perfect Buy Point, you will still get stopped out and incur losses. BUT: Trading is all about probabilities…respecting these rules will increase your probability to enter profitable trades and significantly outperform other traders and increase your chances to be consistently profitable in the market.
Education
by JS_TechTrading
2
IOTA: IOTUSD Trying to base here - buy points todayIOTA IOTUSD Update Trying to base here - Buy points Within minutes of publication the little dynamic support line that had held upyesterday's rally was broken, flipping IOTA from positive back to negative on a dime. Stops for longs were running up under the parallel as price moved north. Well it was good whilst it lasted but once that little dynamic was lost we can see the damage done. That stop was at around 4598 when the parallel was finally lost, so by using this method of exit on longs the vast majority of the rally was locked in and no real damage has been done. We live to fight again from lower levels now... Iota is now trying to base out at 3037 by look of chart but is likely to have a problem at the tangled mass of resistance just above here, where fixed and dynamics meet...no way do we get long again here until that has been beaten through...it has to get back above the upper parallel, now around 3400 and survive any retst of that parallel from above once broken to trigger next long from here. Maybe we will get a better entry long from lower down still...need to watch this and look for potential double bottom/loss of downside momentum at 3037 for fist clue we have a low forming now...if it fails here we stand back looking to see if 2.865 offers support - if not it means 2.172 is the next level to look for a buying opprtunity. So we are left with 4 potential entry points here: at 3400 ish on a break of the upper parallel with stops kept under the parallel by 50 points or more. Or at a potential yet-to-be-decided double bottom at 3037 And should this fail to hold from 2.865 or at lowest from 2.172 if we see it. That's a little complicated but covers the levels. The easiest will be the break above the upper parallel. It should attract quite a lot of buyers as well as shorts closing down/buying back too. watch it and follow when the signal is given on the chart. Use stops though. Yesterday should have taught you that by now. Lesson learned.
BITFINEX:IOTUSD
by sumastardon
7
Bitcoin: BTCUSD Still Positive at Higher LevelsBitcoin: Update next buy Points Clean Chart Summary: Overall dull right now but with a positive undertone, still, at these levels. We look to buy from lower, closer to 7531 if touched or, if very lucky, on any sharp fast test of the lower parallel which would also be viewed as an excellent buying opportunity, should we be lucky enough to see it later in China/London on Monday. Unlikely, but it's Bitcoin. If unsuccesful from lower levels the next buy point will come on a break above that upper parallel with stops under 7700. Technicals Evolving - Still Positive at higher levels Forever changing shape as it evolves, Bitcoin just can't attract enough buying power on a quiet weeknd to break above a newly forming dynamic falling from the highs, which now forms a perfect parallel with its lower counterpart, still picking out the lows perfectly. Finally, this large set of parallels feels perfect, unforced, more likely to be trustworthy. Having raised the stop on the long from 7660 to 7700 in effort to get out with just 30 loss if 7717 pivot gave way overnight...was stopped out - and with an overnight low at 7672 had I not bothered to move the stop up, would still be long. So annoying sometimes, but still believe it was the right idea, but wrong damn level. Should have left it alone. Such are pitfalls of stops. But believe that with BItcoin, more than any other instrument or speculation, stops are essential. But sometimes one pays a price for being overcautious. Deserved it. So now, in super-light volumes Bitcoin is struggling to attract buyers and yesterday's pivot line at 7717, having been rapidly regained by the bulls early in London this morning, is now under pressure once more ...we can see that price has danced around this line all weekend (the only accurate part of forecast for a frustrating weekend really, so far) and in such a tight range that it's not even of use to day-traders now. Strange how it's gone to sleep right on the dividing line at 7717 for last 30 minutes now. The freezer lid indeed. So if it breaks below here it's likely to drift lower still, to 7630 and potentially back to 7531 again...so am not buying here, as yesterday, because there is still that risk of further lazy declines from here. So far it's still in a large corrective pattern, unwinding last week's surge from lows at 5645 to new high at 8000 by moving lazily sideways in the range that occupies the same space that was rejected so strongly the last time Bitcoin made it to these heights. That's positive, so far. But don't need to buy here, even if 7717 does prove to be significant again today. It could still get pushed lower - it just doesn't feel as stong here today...so there are 3 possible buy points now: either from lower down if 7700 fails, potentially close to 7531 or off the lower large parallel should there be a fast, sharp decline to test it at any point over the next 24 hours or so. Unlikley right now, but it could potentially happen if we are very lucky. And if not, the 3rd chance presesnts itself from higher up, needing a successful break above the larger parallel at any point later today or tomorrow (more likely but it's Bitcoin, anything can happen.Repeat) Stops will need to stay under 7700, looking for a move back up to 7980-8000 range, with lesser resistance at 7856 being a likely spot for day trading bulls to take first profits. Looking to close out at 7980 if tested and then stand ready to go long once more if 8020 is broken with stop under 7900. Any such break should attract momemtum players and swing traders as well as day traders. It should be worth following, especially if we see or sense volume picking up too. Downside looks limited at his point, particularly if 7717 continues to hold for the bulls. There is still a fair chance we might see another test of 7531 afrter China opens later. If so look to buy here with stop 50 points lower.
BITSTAMP:BTCUSDLong
by sumastardon
Bitcoin: BTCUSD Overall Still Still Positive at higher levelsOverall dull right now but with a positive undertone, still, at these levels. We look to buy from lower, closer to 7531 if touched or, if very lucky, on any sharp fast test of the lower parallel which would also be viewed as an excellent buying opportunity, should we be lucky enough to see it later in China/London on Monday. Unlikely, but it's Bitcoin. If unsuccesful from lower levels the next buy point will come on a break above that upper parallel with stops under 7700.
BITSTAMP:BTCUSDLong
by sumastardon