Get started

Highprobability

Advanced Pattern & Elliot Wave confluence +300 Pips OpportunityNice high probability , multi argument short opportunity on the daily. In line with a short trade on EUR/GBP that I opened yesterday. Euro showed some strength since the first round of the #frenchelections2017 and the US dollar surely suffered after the #Trumpleaks. These fundamental facts pushed the EUR/USD with some significant momentum into an interesting resistance area. A combination of a completed 5 wave Elliot move + BatPattern + RSI overbought. Target on the 38.2% retracement should provide more or less 300 pips. If price comes back and double tops at entry a second chance is provided to target another 300 pips. Those brave traders who are willing to sell into strength may receive some significant return if this strategy pays off. BatPattern, especially on EUR/USD have a high rate of success but remember, no trade is a sure game!
Short
by LorbeerInv
USDJPY short trendline + key level rejectionIn history there is a strong move down, but this retracement is not strong enough at the moment. Looking for 2 possible setups: 1. Strong momentum up towards the trendline , good healthy rejection and break of the countertrend. 2. Strong momentum up towards the 110.05 level, which is a strong psychological level too. Want to see healthy rejection there and break the countertrend. Option 2 would be the strongest setup Will update this idea when one of those setups are formed
Short
by VanSteenMarketResearch
JAZZ Long-term Trend ContinuationStrong channel downtrend since Aug 2015, with RSI overbought at ideal short entry levels (small green squares). RSI at overbought level again; signal to short in this case with harmonic period of about 6 months. Also current small double top at about $130 mark (short orange); stock expected to close gap to about $118 for initial target short-term target. That same level may be difficult to break; level is previous significant support level, so price may consolidate around $118 before breakdown to ideal target (large green rectangle). Initial Target @ $118 Ideal Target @ 95-85 Stock has a lot of room to fall so it can break $85 when it gets there; needs time to work. High profit potential play.
NASDAQ:JAZZShort
by AtoHoward
CHK Ascending Triangle PatternCHK had strong downward channel trend that turned around in Feb 2016. Ascending triangle pattern formation, on monthly, weekly and daily timeframes, for long-term swing in price to break upper resistance @ ~$8.00 (this is daily chart). Again, RSI has been so graceful in confirming possible short or long entries for the whole duration of the triangle's existence. RSI expected to drop with price (yellow ellipse on RSI chart); personally expect move to about $6.30 (yellow circle on chart proper), then turn around for upward swing to $8.00 resistance level. If CHK can break $8.00, it can be a huge feast from there (possibly hit old $13 support level); it's a waiting game now. Wait for RSI confirmation and enter long around $6.50-$6.30. However, outcome of earnings has potential to make or break chart pattern.
CLong
by AtoHoward
SOHU Long-term DowntrendHarmonic downtrend (green trendline) since double top in 2013 and 2014; has been trying to find a base in the 40's but is now in the 30's looking for a base. Currently at high for short-term and long-term and has high probability to fall. RSI confirmation @ 65. Historically, RSI here has done well at signaling short entries. SOHU is currently in short-term swing upward (orange channel) but it is not expected to break 2 year trend yet for strong bullish move, also has a lot of room to fall @ current $38.99 price to about $30 in the long term. Aggressive short-term swing low target @ ~$36 (this level will be a tough support level to break; may serve as support for new trend upwards after price drop to $36 level) Long-term short swing initial target of $35 after earnings, then $30 for next target. If $30 breaks, serious profit potential can follow. Also, option players can long Jun 35 put; use far out expiration (red line) to give trade time to work and to reduce volatility crush effect on long option after entry. ~$300 profit per contract @ $30 expiration.
NASDAQ:SOHUShort
by AtoHoward
VNDA Descending Triangle Pattern. Short (and Long) Opportunity.Simple probability set up. Triangle downtrend started in 11/2016 and VNDA has only been through one full harmonic trend (wave) ever since. Second wave downward move imminent with RSI confirmation @ 35 and bearish $13 target. However, aggressive long entry for quick profit ($15 bullish target) especially with upcoming earnings. Upon $15 target, (expected RSI >50) short for mid-term trend follow. Quick Long Target: $15 First Short Target: $13 Second Short Target: $11.50 Total trade should complete by/in April.
NASDAQ:VNDA
by AtoHoward