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S&P expanded flat & 200 day moving averageAny Elliott Wave people out there want to take a look at this expanded flat pattern, as we approach the 200-day moving average around 3000 on the S&P 500. Major bear market top resistance. What do you think is going to happen? Could be a dramatic overnight trading session and big important day tomorrow. To see if we stay in the bear market area, or cross over into a bull market.
CADCHF - TP1 hit, can we get more?Very simply strategy, the chart speaks for itself.
For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too.
Works on all instruments
Directly onto your own personal trading view - all devices work
Non repainting
Regards
Darren
Blue FX
GBPAUD - TP3 hit =228 pips!!Very simply strategy, the chart speaks for itself.
For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too.
Works on all instruments
Directly onto your own personal trading view - all devices work
Non repainting
Regards
Darren
Blue FX
EURAUD - trade running in profit - check out our strategyVery simply strategy, the chart speaks for itself.
For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too.
Works on all instruments
Directly onto your own personal trading view - all devices work
Non repainting
Regards
Darren
Blue FX
AUDCHF - trade running in profit - check out our strategy Very simply strategy, the chart speaks for itself.
For more information on our strategy please view our 'Scripts' page on our Trading view profile.
Our V2 strategy shows the SL and multiple TPs on the chart too.
Works on all instruments
Directly onto your own personal trading view - all devices work
Non repainting
Regards
Darren
Blue FX
Bitcoin 1D - Break Upwards? Maybe Not...Seen from this angle it would appear the price of BTCUSD is currently stuck ranging between a high of $9200 and a low of way way down @ $8000! Don't take this the wrong way, we're as optimistic as the rest regarding the upcoming halving; but looking at this there would appear to be a clear range that (unless a big Breakout occurs) could drive the price all the way down to $8k.
That's quite a big drop from where we currently are, and also where we want to be! Although, this could represent an excellent opportunity...
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Good Luck & Happy Trading
-theCrypster
150 point profit for the DOW futures Following a big rally on Monday, a semi-decent one yesterday that fizzled out mid way through the day resulting in a 700 point drop from the high. I am expecting today to be relatively neutral to negative.
No real new stimulus for the upside other than the FOMO of retail clients jumping into the market.
This morning, the RSI and CCI went oversold shortly after the UK open, it is a good opportunity to buy in with limited risk and had yielded 150 points in profit.
Will be looking for a short later in the day.
WallStTraderandCoach - 5+ years of trading my own funds, Coach, Trader, Speaker and world traveller. Turned 10k into £1M in first year.
ALWAYS use a stop loss, NEVER move it. ALWAYS put my own money behind each trade. Profits and losses are my own.
Trade Journal: Short $GSX - Inside Day/Support Failure - 4/6/20Friday, GSX experienced heavy selling throughout the day with a nearly 15% drawdown by the end of day. Throughout the bear market, GSX has been resilient and is considered relatively strong compared to other sector stocks. This changed however when GSX clearly broke a support level at 34.50 on heavy volume Friday. Despite the bullish price action in the markets, today's inside day candlestick reflects the continued selling in GSX. This is an very opportunistic time to get short GSX for a possible flush on low risk.
The 30m timeframe also reflects the bearish price action in GSX as price broke below and rejected the support at 34.50.
Entry - 33.78
Stop loss - 35.04
Target - 25
Trade Journal: Long $ZM - Inside Day Setup - 3/27/2020ZM has been gaining a lot of attention lately due to COVID-19 and the rising demand for online conferencing programs. ZM had recently broke out but has been relaxing for the last 3 days after reaching a high of 164. The last 2 days, ZM formed inside candlesticks on the daily chart indicating that a breakout may be imminent.
Following yesterday's post on ZM, the inside day candlestick trade triggered today at 147. I was not able to catch the initial breakout, however I did catch some shares during the late morning retracement at $150 and put my stop loss at today's low.
Entry - 150.76
Stop loss - 145
Target - 175
Trade Idea: Long $ZM @ 1472 inside day candlesticks are forming in ZM as a coiled spring is forming on the lower timeframes. ZM has not participated in the recent market bounce and seems to be acting inversely to the action. Watch ZM to start breaking out today or tomorrow above 147.
Long @ 147
Stop Loss @ Below today's low.
Target @ 180