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Dynamiclevels

EURJPY SHORTPRICE IS STRUGGLING AT AN IMPORTANT STRUCTURE WHICH HAS ALSO FORMED A SMALL DOUBLE TOP. PRICE ACTION IS SHOWING THAT SELLERS ARE PROTECTING THIS LEVEL. THIS IS LOOKING LIKE A GOOD OPPORTUNITY TO GO SHORT IN LINE WITH THE DOWNTREND. IF PRICE MANAGES TO BREAK THE STRUCTURE LEVEL THEN THE NEXT LEVEL TO LOOK TO SELL IS AT THE 200 SMA WHICH HAS BEEN ACTING AS A DYNAMIC TRENDLINE/RESISTANCE AND IT IS ALSO IN CONFLUENCE WITH THE 61.8 FIB LEVEL WHICH IS MAKING THIS TARE A HIGH PORTABILITY WE COULD GET SOME DOWNSIDE PRESSURE. TARGET AT 126.000
Short
by remelthomas
GBPUSD 4 HOUR SHORT LOTS OF UNCERTAINTY WITH GBP BECAUSE OF THE ELECTION WHICH IS CAUSING THE POUND TO DEPRECIATE. PRICE BROKE OUT OF THE RANGE LAST WEEK AND IT IS NOW LOOKING TO RETEST THE RANGE LEVEL (SUPPORT TURNED RESISTANCE). THIS IS A TEXTBOOK TREND CONTINUATION PATTERN (BREAK,RETEST,CONTINUATION) IF PRICE MANHES TO RETRACE BACK UP TO MY SELL ZONE I ALSO HAVE 2 FIB CONFLUENCES WHICH ARE THE 38.2 AND 50 FIB LEVEL. TARGET BACK DOWN AT SWING LOW WHICH IS ALSO A PSYCHOLOGICAL LEVEL.(1.46000) ALSO PRICE SEEMS TO BE APPROACHING A DYNAMIC RESISTANCE (20SMA)
Short
by remelthomas
AUDNZD DAILY SHORTIM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000). Another confluence is this trade setup is in line with the fundamentals because the RBA (reserve bank of Australia) said there is a possibly there could be another rate cut in the period ahead.
Short
by remelthomas
1
EURUSD, USDCAD , DXY index Dynamic intraday hedging Dynamic intra day hedging: Fundamentals and and a lack of interest in the euro has has it fall substantially, USDCAD is -95% corralated to the EURUSD and we have seen a strong canadian dollar over the past few d ays. effectively by creating two positions one short on the eurusd and one long in usd cad with the same lot sizes we can effectively minimize risk. we can minimize risk even more by then adding the two lot sizes from eurusd and usdcad to create another positions in the dxy which then minimizes risk even more
INDEX:DXY
by GOVYTrader
Crude Oil - Quarterly Decline 3rd Worst in 24 Yrs, Time For Low?This chart shows USOIL, West Texas Intermediate Crude Oil futures, on a monthly timeframe. Plotted on the chart are our SCMR Dynamic Levels™, which dynamically plot support / resistance zones and are accurate at finding targets. This indicator is available in the TradingView App store under Analysis Suite - SCMR Trends. The BIG QUESTION: Is crude bottoming here? Let's go over what this chart illustrates, and you tell me. -----> The lower pane shows the rolling quarterly returns for Crude, and I colored the plot red whenever the quarterly decline is less than -25%. This current decline, at -39% this quarter, is the third worst in the past 25 years, only eclipsed by 2008 and 1991. -----> Overlaid on the chart itself are red, vertical markers indicating where in a prior quarter the return was less than our -25% threshold, but then in next (current) quarter crossed up through -25%, in other words, *the mean reversion back up has started*. We are still waiting for this event to take place. -----> Dynamic Level Support at $58. Through this level by $3, but may prove to stabilize near it. \\\Conclusion:/// Based on the above, you can surmise that the low is *extremely likely within 1-2 months*. Some may balk at an analysis wherein the time to fruition is +/- 1-2 months, but that is the nature of a 24 yr chart :) . Additional momentum can certainly take us lower than the current price. The 2008 decline took FIVE months before mean reversion started, and we are only on month two currently (which is how I've derived the 1-2 month timeframe for mean reversion to begin -- assuming this is as bad as 2008 for the oil markets). Also note it was the most extreme, and other declines began mean reversion after a scant one month after a 25% quarterly decline. This is a guide not a call, if you catch the subtlety there. After we start the mean-reversion (the red vertical bars overlaid on price) is where I would come out and say a low is in place -- this is still front running that event.
FX:USOIL
by SPYderCrusher
21
GOLD Daily Upside Reversal -- Dynamics Behind a $GLD ReboundThis chart shows GLD, the major ETF proxy for Gold prices, on a Daily timeframe. Plotted on the chart are our SCMR Trends™, which accurately identify price trends and behaviors , and SCMR Dynamic Levels™, which dynamically plot support / resistance zones. Both are available in the TradingView App store. Today is significant because after a lengthy decline in the price of gold, we see an "O" plotted under the today's bar, which shows a "Confirmed Upside Reversal". In breaking down the nuance of this, it's not saying price is in an uptrend yet (though it can certainly end up as one, indicated by green candles) but that the relationships between this bar and previous bars suggests that a reversal has occurred. ---> That makes this bar a good entry with a stop under the current bar low or last blue bar low. I use the Dynamic Levels™ as targets and they are shown as well, 116 - 120 is a good first upside area for this rebound. RISKS: 1.) Possibly that this reversal fails. In that case the software will update with an X, but for all intents, can just use the stop under range low to suggest the reversal is not happening.
AMEX:GLDLong
by SPYderCrusher
7
$SPY - Huge V-Shaped Rally, New All Time Highs - Now What?This chart shows SPY, the major ETF proxy for the S&P500 index, on a Daily timeframe. Plotted on the chart are our SCMR Trends™, which sequences price to find the correct behavior, and SCMR Dynamic Levels™, which dynamically plot support / resistance zones. Both are available in the TradingView App store. Following a confirmed reversal on Oct 20th (see "O" under price there), the market has continued the trend of the past 15 months by rallying in a straight line to new highs. Although the reversal was easy to spot, the relentless run now creates a (familiar) problem: Do you chase up here? My take is that the market is more likely to go rangebound after such a strong advice but I do not yet see evidence of a new material decline on the horizon. How to plan for the next steps? For short term traders, 2 days - 1 week horizon: 1.) Two former Dynamic Supply™ areas and one recent demand area are plotting under price in a range of $196 - 199, so I strongly expect some demand there on a dip. This is a good entry because of what I consider the adverse scenario. Choppy market. This should be near a range low, at least on the first try of the level. 2.) According to SCMR Trends™, price is currently painted green, so if it wasn't obvious already, the price is in a strong uptrend. Strong uptrends rarely roll over and die, usually you get at least one chance to buy a dip. RISKS: 1.) A new material bad news event can change risk appetite, so the dip or range may be smaller than expected. 4.) Not a recommendation to buy or sell, just an example of how to use the indicators to tackle a common problem in today's market where everything is a V-shaped rally to new highs. Other Notes: 1.) Both Sector (Industrials) and Sub-sector have been very bullish, so the market of stocks as they say is generally healthy up here 2.) Large Caps as an asset style and Nasdaq have been outperforming. 3.) The most bearish scenario I can think of is this new high is a trap, then we reverse into a range. Given that Nasdaq is way above the highs, it lends to support to a dip buy rather than a breakdown (as in, SPY in the range will coincide with QQQ ranging above old highs which is still bullish)
AMEX:SPY
by SPYderCrusher
12