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DAY

Riding the bullish momentum of the USDCAD - daytrade/intradayThroughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im expecting this to go higher with a target of around 1.2800 - around 80 pip profit
Long
by ppp7
EURGBP The Bias Of The DayThe GBP had a 1.5%-1.8% rally today and it needs to retrace if it want's to keep up this upmove. Euro on the other hand has been going down (fx eurusd) and is looking like a potential long especially if the us unemployment is worse than expected. Currently I am expecting just a pullback to 0.236 fib level. Technically: The price is at a support level. And if you would squeeze the chart you could see that it is also a multiple fib confluence zone. The position: I haven't yet entered but if it the price reaches 0.7233 before retracing to approximately my target I will probably buy. Event risk: Economic calendar www.forextime.com
Long
by Wizard
HAR pushes for cup breakoutIn Bolting RS lines screen. Closing in top of range for last several weeks, near buy point of 145.10. MF breaking positive, MACD turning positive. Shallow enough base 11%. Margins and Sales growth are a bit lacking. Earnings estimates have been revised down, and are low at 14%. Harman Intl Industries (HAR)NYSE 04/20/2015 (Market Close) IBD Stock Checkup for HAR: 99 Copyright 2015 Investor's Business Daily, Inc About HAR: MANUFACTURES HIGH QUALITY, HIGH FIDELITY LOUDSPEAKERS, CD PLAYERS, AMPLIFIERS, SUBWOOFERS AND MIXING CONSOLES General Market Fundamental Checklist Technical Checklist View Chart Rate A Stock: PERFORMANCE WITHIN GROUP (HAR) HARMAN INTL INDUSTRIES RANK WITHIN THE CONSUMER PROD-ELECTRONIC GROUP (10 STOCKS) Composite Rating 99 Rank within Group: 1st 100% Best in Group EPS Rating 97 Rank within Group: 2nd 90% Relative Strength Rating 94 Rank within Group: 2nd 90% SMR Rating A Rank within Group: 3rd 80% Acc/Dist. Rating B Rank within Group: 3rd 80% EPS - Group Leaders GPRO Gopro Inc Cl A HAR Harman Intl Industries (Added to My Stock Lists 04/20/15) UEIC Universal Electronics SMDM Singing Machine Co Inc PLT Plantronics Inc Composite Rating 99 GENERAL MARKET AND INDUSTRY GROUP (HAR) General Market Uptrend under pressure Industry Group Industry Group Rank (1 to 197) 38 FUNDAMENTAL PERFORMANCE (HAR) Current Earnings EPS Due Date 04/30/2015 EPS Rating 97 EPS % Chg (Last Qtr) 64% Last 3 Qtrs Avg EPS Growth 46% # Qtrs of EPS Acceleration 2 EPS Est % Chg (Current Qtr) 14% Estimate Revisions Last Quarter % Earnings Surprise 39.8% Annual Earnings 3 Yr EPS Growth Rate 28% Consecutive Yrs of Annual EPS Growth 4 EPS Est % Chg for Current Year 33% Sales, Margin, ROE SMR Rating A Sales % Chg (Last Qtr) 19% 3 Yr Sales Growth Rate 12% Annual Pre-Tax Margin 7.6% Annual ROE 17.9% Debt/Equity Ratio 29% TECHNICAL PERFORMANCE (HAR) Price And Volume Price $142.00 RS Rating 94 % Off 52 Week High -2% Price vs. 50-Day Moving Average 5% 50-Day Average Volume 709,400 Supply And Demand Market Capitalization $9.7 B Accumulation/Distribution Rating B Up/Down Volume 1.2 % Change In Funds Owning Stock 4% Qtrs Of Increasing Fund Ownership 1
HLong
by reversalradar
AUDUSD The Bias Of The Day[i ]EURAUD didn't let the audusd to rally as it went up a lot but now idepreciate nowt wiat-leastciate now or at-least not rally much more. That would let audusd to continue its rally and potentially to make those double bottom patterns complete. So yes, generally I think that DXY (USDOLLAR INDEX) will pullback some more and that commodities are likely to do the same for now, so audusd looks pritty good . ps( I personally will look for a buy but i need to see some consolidation and some divergence to be more sure.) (If you like my ideas please remember to like and perhaps follow, thanks, good day to you all !)
Long
by Wizard
Trend Continuation or Trend Reversal ??? GBPJPYI am curious of what you think about this trade? Be eying it you might see a bullish trend, the market had been going up strong. However, when we examine the technicality of the most recent move, we determine that the market is bearish. We at Pro Trading University entered the market in a shorting position. So, I am curious, would you call this a trend continuation trade or a trend reversal trade? Let me know in the comments below :)
Short
by Ahmed-J
10
EURUSD The Bias Of The DayEURUSD short term outlook remains bullish. Today at 14:00 UTC there will be ISM Non-Manufacturing PMI (Mar), which could move the eurusd pair up to ~ 60 pips or maybe more if the data is very surprising. There are no reasons, cut in stone, for my bias, but some of the core ones are : 1. eurusd pullback still has momentum and it seems like eurusds downside pressure is low at the moment. 2. The fed has become more dovish (recently). 3. US still has mixed economic data that in my opinion will be a negative factor for the dollar and will disallow it to continue its strong downtrend in the short term. (I'm not makeing any predictions about the pair. What I am doing at the moment is managing eurusd.) 4. If the eurusd rallies traders will look more positively on buying the s&p 500, that may be a reason for the FED to allow the usd to depreciate a bit till s&p 500 and others again make traction.. 5. And technically it makes sens at the moment there is a clear trend and a clear resistance later. If the price breaks the recent highs (resistance) at approx 1.010** ikt would open to itself a lot more of the upside. *. Sellers are likely to short at 1.010** and for that reason for small to medium cap traders it won't be a good place to go long as their selling is likely to push the price lower first and later I think it will go up but no bias for that for now so we'll see.
by Wizard
4
Two Cyphers - VIDEO IncludedPlease watch this explanatory video : www.youtube.com In this little educational video you will know my rules for trading the Cypher pattern in a simple and clear way. Then, I will show you two live pending Cyphers on GBPJPY, hourly time frame. Notice that I didn't go over the targets and stops in this video; I will cover them in a later video. I will see how things goes with this second video but I already want to do these type of videos on a daily manner. I will cover a big variety of topics. Covering technical analysis tools, strategies, chart patterns, advanced patterns, harmonics, break outs patterns, money management, trade plan development, backtesting, customization and portfolio and of course, psychology and mindset. If you are interested in knowing the rules of the Bat pattern and check how I made +170 pips live using the Bat pattern then check out this video: www.youtube.com If you want to see more videos, then please subscribe to my channel: www.youtube.com As for this video, here are some useful links that are related to this video's topic: www.youtube.com An article about the Cypher pattern and it's rules: simplychartpatterns.com An article about harmonic and price patterns in general: www.investopedia.com
Short
by Ahmed-J
1
NZDUSD FEW REASONS TO SHORTOK I MUST START BY SAYING THAT WHEN A CHART IS POSTED BY ANYONE WITH A PARTICULAR TARGET, IT IS BASED ON THE REVERSAL POINT THAT WAS SET PRIOR. SO IF I SET MY REVERSAL TO 5 ON A SHORT WITH A 61.8 TARGET, AND THE MARKET GOES FURTHER DOWN TO 3, YOU MUST BE SMART ENOUGH TO KNOW THAT YOU MUST ADJUST YOUR RETRACEMENT TOOL TO 3 TO GET A MORE ACCURATE TARGET. IF YOU ARE NOT AWARE OF THAT I'D ADVICE YOU DO A BIT MORE TRAINING , AND THE BEST PLACE I CAN RECOMMEND FOR YOU TO BECOME A MORE PROFITABLE TRADER IN A VERY SHORT TIME, TRADEEMPOWERED.COM. (NOT GETTING PAID TO SAY THAT, NEITHER HAVE I DONE A COURSE WITH THEM, BUT I FOLLOW THEIR TRADE METHOD AND ITS SIMPLE STRAIGHT FORWARD AND VERY PROFITABLE) BACK TO THE CHART. :) THE FIRST THING I MUST MENTION IS THE FLAG THAT IS BASED ON THE MAJOR TREND. FLAGS ARE CONTINUATION PATTERNS, MEANING AFTER THE FLAG IS COMPLETED IT WILL BREAK OUT AND CONTINUE IN THE DIRECTION OF THE MAJOR TREND, WHICH IN THIS CASE IS DOWNWARDS. THE CURRENT FLAG IS VERY MATURE AND READY FOR DELIVERY. WE ARE STARTING AT 50/50 CHANCE OF UP AND DOWN AS ALL MARKETS ARE, SO WE ARE GOING TO ADD 10% FOR EACH TIME WE GET A DIRECTIONAL BIAS (A LITTLE TRICK I OBSERVE FROM TRADEEMPOWERED, IS WHY I HAVE TO GIVE A PLUS TO THEM). SO THE FLAG GIVES US A PLUS 10%. THE NEXT STRUCTURE OF INTEREST IS THE H&S (HEAD AND SHOULDER) PATTERN THAT HAS FORMED AT THE END OF THE FLAG (OUR CURRENT STRUCTURE) AND AS MENTIONED BEFORE, H&S ARE REVERSAL PATTERNS. THIS H&S IS BASED ON THE UPWARD DIRECTION OF THE FLAG SO A REVERSAL WOULD MEAN A MOVE DOWNWARDS, WHICH PUTS US IN SYNC WITH THE FLAG, SO WE CAN ADD ANOTHER 10% DIRECTIONAL BIAS. WE ALSO HAVE A PATTERN IN IN THE HEAD OF THE H&S WHICH WE ARE AWAITING COMPLETION BETWEEN 38.2 AND 50% BASE ON MOMENTUM. AND WE ALSO HAVE AN ABCD PATTERN WITHIN THIS STRUCTURE WHICH WE CAN GIVE A 5%DIRECTIONAL BIAS. BRINGS US TO A TOTAL OF 85% BIAS BEAR, 15% BULL. ANOTHER METHOD I TEND TO USED TO GET A MORE ACCURATE REVERSAL POINT IS AN EMA. IT WORKS FOR ME DURING REVERSALS. I USE AN 8,13,21,34 FIB ADDED TOGETHER THEN I MULTIPLY THE TOTAL BY .382, .50, AND .618 TO GET A MOVING FIB TARGET, BECAUSE DURING REVERSALS, THE MARKET DON'T ALWAYS GO TO THE FIXED REVERSAL POINT, BUT YOU WILL NOTICE IT WILL TOUCH THE MOVING POINT. (THIS ONLY WORKS FOR ME DURING REVERSALS SUCH AS THIS). THE MARKET IS CURRENTLY AT 38.2 AND APPEARS TO BE REVERSING BUT I WILL STILL WAIT FOR MY ENTRY, AS I SAID BEFORE, I PREFER TO GET MY ENTRY RATHER THAN JUMP IN TOO EARLY. ALSO PLEASE, MY STOPS ARE MY STOPS, YOUR STOPS ARE YOUR STOPS :) IT'S BETTER TO AIM TO MAKE LESS AND HAVE A WIDE STOP THAN FOLLOW ME WITH TIGHT STOPS, SO PLEASE SET YOUR OWN. FEEL FREE TO TELL ME WHAT YOU THINK, I'VE BEEN TRYING TO FIND A REASON FOR A LONG BIAS, BUT NOT SEEING ANY. I WISH YOU MUCH SUCCESS WITH YOUR TRADES HAVE A GREAT DAY!
Short
by DayFarrell
6
USDCAD VERY BEAUTIFUL SETUP :)THIS IS VERY SIMILAR TO MY RECENT EURUSD TRADE SETUP. NICE DEFINE STOP, WITH CLEAR TARGET AT THE TOP WHERE STRUCTURE HAS FAILED TO BREAK THROUGH TWICE. I'M MORE CONFIDENT OF THIS PAIR BREAKING STRUCTURE AFTER A SHORT PULLBACK BECAUSE OF THE PREVIOUS PRICE ACTION. WE HAD 3 LOWER LOWS (LL) AND NOW A HIGHER HIGH (HH). EVEN WITH THE LOWER LOWS, THE STRENGTH OF THE BULLS WERE PHENOMENAL, KEEPING THE BEARS ABOVE OUR NOW ENTRY LEVEL DENOTED BY THE RED RECTANGLE. I BELIEVE ANY MOVE UPWARD WILL BE A STRONG MOVE. SO IT IS NOT IMPOSSIBLE FOR US TO SEE 1.348 FOR A NEW HIGHER HIGH. AS ALWAYS, TELL ME WHAT YOU THINK JUST IN CASE I MIGHT HAVE MISSED OUT ON SOMETHING. HAVE A SUCCESSFUL DAY! CHEERS!
Long
by DayFarrell
8
EURUSD LOOKING FOR 100 PIPS LONGI'VE COMBINED A NUMBER OF STRATEGIES TO GENERATE THIS IDEA BUT ALL ARE PRETTY SIMPLE. THERE IS A PATTERN FORMATION TAKING PLACE. I'VE PLACED THE D POINT AT A STRONG LOOKING SUPPORT THAT I'VE ELLIPSE TO THE LEFT, (YOU WILL HAVE TO SCROLL LEFT). FIB RATIO CONFLUENCE IS WHAT IS USED TO GENERATE THE PRICE MOVEMENT, ALL THE PULLBACKS ARE SOLELY ON THE 50% BECAUSE OF THE PREVIOUS SEQUENCE OF 50%'S. ALSO THERE IS AN AREA AT THE TOP OF STRONG RESISTANCE, WHICH I'M EXPECTING TO HOLD IT'S GROUND JUST ONE MORE TIME. I'M EXPECTING A 38.2 PULLBACK WHEN TARGET IS ACHIEVED, AND THEN A STRONG MOVE UPWARDS TO BREAK THE STRONG RESISTANCE. THE PRICE MOVEMENTS IV'E LABELED IN RED AND GREEN IS ONLY A GUIDE SO I CAN BETTER FOLLOW THE PRICE ACTION. SOMETIMES THE PRICE ACTION GOES EXACTLY THAT WAY, BUT OTHER TIMES IT GET THROWN OFF. LETS SEE HOW IT PLAYS OUT, AND AS ALWAYS, I'D LOVE TO HEAR WHAT YOU THINK.
Long
by DayFarrell
4
EURUSD DAILY CANDLE PREDICTION TEST.OK, SO LAST WEEK I MENTIONED THAT I FIGURED A STRATEGY TO PREDICT THE NEXT CANDLE. I MUST CLARIFY THAT I WAS REFERRING TO A SCALPING STRATEGY, AND I'VE ONLY USED IT ON A 5 MIN CHART SO FAR. SO I RECEIVED A CHALLENGE FROM SOMEONE TO DO IT ON A DAILY CANDLE, SO THIS IS MY FIRST ATTEMPT TO DO SO. PLEASE KEEP IN MIND, THAT THIS PREDICTION IS IN NO WAY ME PREDICTING THE FUTURE, IT IS BASED SOLELY ON ANALYSIS, WITHOUT PSYCHOLOGY. SO WHETHER IT GOES RIGHT OR WRONG IS NOT MEANS TO BE EXCITED OR DISAPPOINTED. PLEASE REMEMBER, THIS IS NOT MEANT FOR TRADING, IT IS ONLY A TEST!!! I DON'T WANNA BE HELD RESPONSIBLE FOR ANY LOSSES.
Long
by DayFarrell
6
GBPJPY LOOKING FOR FURTHER SHORT BEFORE LONGI'VE LABELED THIS CHART A, B, AND C, SO THAT MY EXPLANATION OF EACH WILL BE CLEAR. THIS CHART ANALYSIS IS BASED ON FIB RATIO (PHI) ELLIOTT WAVE ANALYSIS, RATION SEQUENCING AND CONFLUENCE, I'VE DISREGARDED SUPPORT AND RESISTANCE, AS IT'S MY BELIEF THAT SUPPORT AND RESISTANCE ARE DEPENDABLE ON RATIO CONFLUENCE. A. THIS FIRST SECTION IS THE LEAST IMPORTANT SECTION IN MY ANALYSIS. I'VE LABELLED IT COMPLETED BECAUSE THE 38.2% PULLBACK HAVE BEEN COMPLETED BY A 1.618 EXPANSION. AND THE 50% PULLBACK HAVE ALSO BEEN COMPLETED BY A 1.117 EXPANSION AND THE 1.27% WHICH USUALLY FOLLOWS. IT'S IMPORTANCE TO US HOWEVER, IS A MATTER OF SEQUENCE. IMMEDIATELY AFTER THESE 2 MOVES, WE SEE A 38.2% PULLBACK AND CURRENTLY WE ARE LOOKING FOR A 50% PULLBACK FROM THE SECOND MOVE. HOWEVER, INSTEAD OF LOOKING FOR A 50% PULLBACK THIS TIME, I'M BIASED TOWARDS A 61.8% PULLBACK OR GREATER FOR OUR CURRENT STRUCTURE. THIS BRINGS US ON TO SECTION B. B. THE TWO LINES THAT ARE PRESENT IN THIS SECTION REPRESENTS THE STRENGTH OF THE TWO SMALLER MOVES LABELED II, AND IV. WHEN COMPARED IT IS EASY TO SEE THAT THE FIRST MOVE II, IS MUCH STRONGER THAN THE SECOND IV. WHEN COMPARED, OUR SECOND MOVE IV IS ABOUT 11.8% LESS THAN THE FIRST II. HAVING AN UNDERSTANDING OF THE LAW OF AVERAGES HERE WILL HELP US MAKE SENSE OF THIS, BUT I WILL STILL EXPLAIN. PRICE WILL ALWAYS TEND TO TRAVEL CLOSE TO ITS AVERAGE, AND ANY LARGE DEVIATION FROM THAT AVERAGE IN THE OPPOSITE DIRECTION OF THE TREND WILL RESULT IN A DRASTIC PULLBACK TOWARDS THE AVERAGE. THIS IS THE CONCEPT BEHIND BOLINGER BAND, AND ENVELOPE. IN THE FIRST MOVE, THE AVERAGE HAS A STRONG UPTREND MOVE WHICH MAKES LARGE RETRACEMENTS VERY DIFFICULT. CLOSER TO THE TOP OF THIS MOVE, WE SEE PRICE ACTION BEGINS TO LESSEN IN DEGREES WHICH GIVES MORE ROOM FOR RETRACEMENT TO PLAY. SO A 61.8% OR GREATER IS NOT IMPOSSIBLE, IN FACT IT IS HIGHLY PROBABLE. I MUST ALSO MENTION THAT THE CONCEPT OF AVERAGES IS WHAT IS OFTEN MISTAKEN AS THE BANK CONSPIRACY. DURING THE RELEASE OF IMPORTANT FUNDAMENTAL NEWS EVENTS MANY PERSONS GET CAUGHT IN THIS WEB. C. OUR LAST SECTION IS DESCRIBING OUR EXPECTATIONS FOR THE FUTURE. THE ENTIRE ANALYSIS WAS CREATED TO GAUGE THE SHORT, AND NOT SO MUCH THE LONG THAT WILL FOLLOW. I AM EXPECTING FURTHER LOWS TO COMPLETE THE 50% AND THEN 61.8%. AND AFTER I CAN SEE FURTHER UPWARD MOVE. MY 1ST LONG TARGET IS STILL THE SAME WHETHER WE SEE A 50% OR A 61.8% PULLBACK. I'VE USED A SIMPLE EQUATION TO DETERMINE THIS TARGET. WHERE THE PULL BACK PERCENTAGE IS DIVIDED BY THE ADVANCEMENT (E.G. 50/120.7 OR 61.8/120.7. BOTH PLACE US AT THE SAME TARGET. I HOPE ITS NOT TOO COMPLICATED, IT IS NOT INTENTIONAL, I BELIEVE THAT ONE MUST HAVE A COMPLEX OVERVIEW TO BE ABLE TO DETERMINE PRICE ACTION. ANOTHER ADVICE TO ANY TRADER OUT THERE, IF YOU ARE TRADING WITHOUT A THOROUGH KNOWLEDGE OF ELLIOTT WAVE, LET IT BE ON YOUR LIST OF PRIORITY TO HAVE, I SEE IT AS A PREREQUISITE TO TRADING . THE CONCEPT IS NOT JUST ABOUT TRADING, IT IS IN LIFE ITSELF. GOOD LUCK WITH YOUR TRADES FOR THE UPCOMING WEEK, I WISH YOU MUCH SUCCESS. ALWAYS WILLING TO HEAR WHAT YOU THINK SO FEEL FREE TO LEAVE A COMMENT.
Short
by DayFarrell