Get started

Entrypoint

What is "Price Action"? What about indicators?There is no one clear definition of price action. It can be as simple as "Every tick on any given chart, of any given market." However this definition is too broad and does not adequately describe the term. A better definition is "The collective result of buyers and sellers entering the market for any logical reason, which together create reoccurring patterns that can be analyzed and capitalized." Price action is based on humans behaving rationally, logically, and similarly in similar situations over time, and is the cumulative effect of institutional trading. It has been, and always will remain fundamentally unchanged. If you compare a chart from 100 years ago (such as the crash of 1929) with one of today with the time scales removed, you will not be able to tell the difference between the two. It does not matter if you compare a yearly, monthly, daily, or even 1 minute chart with any other chart of a different time frame. Price action appears the same and works the same in every market, and on every time frame. The institutions cannot hide what they are doing; price action is their foot print. Price action can be used to invest long term, or day trade any market. It allows a trader or investor to identify opportunities without the use of any indicators. In fact, all indicators are a derivative of price action in one form or another. Interestingly, the patterns which repeat as well as trend tendencies can be observed on different charts, even outside of markets. Can you tell a difference between these two charts? The first is a daily chart of CSX. The second is a 5 minute chart of the MES (micro s&p). All markets and charts look the same, and behave similarly. Once you understand the information within, you can understand what the institutions are doing at any given time.
TSX:ACB
by tradersmentality
IFRX ready for reversal. Entry point. 8% risk to 25% reward.This is my first share post. Using this as a swing trade analysis. 1. Stock broke the 50 day MA on May 7th, closing at $42.68 2. Stock Reached 20 RSI on May 20th, closing at $38.41 making a 1st Low of $38.18 with 20 RSI. 3. Stock made a 2nd new low on May 22nd of $37.87, closing at $38.05 with RSI reversing upwards to 30 RSI. 4. Market shows sign of reversal on May 23rd, closing at $39.10, 2.76% higher than May 22nd. 5. If stock breaks May 22nd high of $40.68 within the next 5 days, upward reversal should be valid. 6. At this point entry should be about .5% higher than May 22nd high of $40.68, so at $40.88 if reached by May 30th. 7. This reversal will be invalidated if stock makes a new low by May 30th. 8. If this reversal is Valid, stop loss should be anywhere between $35.87-$37.61. 9. With validated reversal and a resistance level of $51.15, this should have a 1 to 3 profit vs risk level, so about 8% risk vs 25% profit. 10. Resistance level should hit within the next 3-4 weeks.
NASDAQ:IFRX
by whiterhino
BCH/BTC - small retrace and then pump!BCH/BTC looks like its headed down to the bottom of the range before picking up speed again. In this one I decided to post the chart showing how I placed the gann fans. Feel free to try it out for yourself and please give me a follow if it helps you :) Target: 0.0490 Blue triangle indicates the current range. Green box is buy. Red box is sell. Blue line indicates major resistance. Yellow line indicates t/p. This is a log chart. This is not financial advice.
Long
by Halams
GBP/JPY intraday trading analyseGBP/JPY shows us after today bounce for over 0.80% that RSI is overbought or just is in a lasting uptrend . Brayzil team preferences is : the upside prevails as long as 143.96 is support , below this level we looking a return back to 143.5 as 1st target and 143.15 The configuration for this pair is positive at the moment . All attention on Brexit , "Deal " or " No -Deal" . Thank you . If you like our chart , you can find more on our instagram channel : @FX , bearish vs bullish
Short
by Brayzil_Team
4
TXN - Analog Chip maker investing in new technologyTXN shows a cross-over on MACD at Fibonacci Retracement 0.500 and on 1 hr. chart likely having a short dip below $97 entry area. Recently increased their dividend nicely over last 5 years as well. Been watching them invest in R&D and they have chips in growing markets for 5G, automotive, communication and industrial. In the last 12 months, TXN has returned all of free cash flow back to shareholders and increasing the dividend by 24% and repurchasing another $12B in its own stock. Investors come to own conclusions. More VIX challenges ahead on the short likely. $US still holding.
NASDAQ:TXNLong
by Pokethebear
2
SEDG - Solaredge Technologies12/26 MACD cross-over with CCI entry crossing 0 on weekly candlestick chart. Solaredge Technologies is down from peak of $68 and showing entry point at $38.03 on chart. Market Cap value $1.65B Enterprise value $8.4B Total debt -0- Free cash flow $150M Sales growth rate: 22% Expected value: $3.3-3.5B About: SEDG Israeli Solar company SolarEdge Technologies, Inc. offers an inverter solution for a solar photovoltaic (PV) system. The Company's products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management. The Company's power optimizers provide module-level maximum power point (MPP) tracking and real-time adjustments of current and voltage to the optimal working point of each individual PV module. The Company's solution consists of a direct current (DC) power optimizer, an inverter and a cloud-based monitoring platform that operates as a single integrated system. Recently partnered with Google using Google assistant for EV charging and 6x faster charging. World's first EV Solar Inverter. Request needed for a 10-year back-up battery for 10-hr. house charge and ability to rapid charge EV, we're almost there.
NASDAQ:SEDG
by Pokethebear
LNG winter fuel use time: MACD and CCI entry signalsOn weekly candlestick chart, MACD is shown crossing over and CCI at 0, but on downward slope at $62.73. Await 2nd LNG port set-up and exports looking positive as cold weather driving use. LNG will also be a growing industrial energy fuel to replace coal and oil energy plants, as 30% lower CO2. Nuclear and solar are only better ones and solar equipment costs not net zero CO2. Nuclear has proven solid long term CO2 near zero source (add CO2 output to make plant, deliver fuel).
LLong
by Pokethebear