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Indecision

Time for BTC to decide if it's a bear or a bullBTC reached a resistance point after a couple of very bullish weeks. There is a lot of indecision and a near symmetrical triangle has been formed. I don't suggest to go Long or Short at this point because a) triangle is squeezing b) MACD is in the center and RSI is also in the middle. Be careful and decide after a breakout. If you like my ideas and helped you make/save some money, please consider tipping. ETH: 0x7B18d4abdAf0e2C3938776B06b6a5a8eee41C65f
by astro313
PALLADIUM indecisive at the momentSomeone asked an advice in chat about Palladium LONG (with TP@756.00) and thought to provide my personal point of view with a more organic answer... The instrument is uptrend on the long term, but it looks indecisive at the moment; from the chart we can see it is in a range between two Fibonacci levels (and one of them is a resistance as well). If we entered LONG at the bottom of the retracement the trade would be risky might be somewhat safe (with a SL just below the Fibonacci line serving as support. The price bounced a few times around the ~756.13 line as well: last but not least, the pin-bar reversal on Thursday (see the lower red line in the next chart, orange line in the others) Note that there is also an historical support on the Daily/Weekly (the higher blue line ~767.99 in the chart). If we bought it around 748 (I am just guessing an entry point) we would have a 1:1 risk-reward-ratio which is not ideal given the conditions. If we really wanted a 1:1 risk-reward-ratio, the entry point should have been put just above the Fibonacci level where the price bounced and the SL accordingly. I do not want to be dragged into the philosophical discussion if it is worth trading commodities for short-term, relatively little movements :) I would just stick to the technical and say that not advise to enter a trade in the middle of a Fibonacci level or between two support/resistance levels (even more if one confirms the other). Hope that helps
TVC:PALLADIUM
by AlbionTrader
[AUDUSD] Long with the overall trendWhat do i really like in this trade? First of all i am taking this trade with the overall direction of the trend (Bullish), i have a nice Risk/Reward potential as you can see, i can even go for more but i dont like being greedy. Also i have price action confirmation in different time frames, like the 4hr and 6hr. but i am taking this trade in a 8hr time frame, because i really like the higher time frames. According to price action what i see here is a bearish preceding trend (not my favorite) and then an indecision candle, followed by some confirmation that price might be changing from hands to the bulls, i was not able to take this trade at the high of the indecision candle, so i entered at a slightly pull back at a better price, which gave me a better risk/reward potential. As always i keep my minimum Risk/Reward 1:2 that way i only need to be right on 40% of my trades in order to be profitable. Trading Details: Time Frame: 8hr Entry: Slighlty above the high of the indecision candle. Stop loss: A few pips below the low of the Indecision Candle Risk/Reward: 1:2.5 Account Risk: 2%
Long
by daldertg
PRICE ACTION SPEAKS LOUD ON GBPJPY"Who is in control of price?" i will ask myself this question to make sure i take the correct trades and think about the trade in more details... what i see here according to price action its a nice bullish preceding trend that gets stuck on an area of resistance (which is full of sellers) and shows me this beautiful indecision candle or almost-dodji candlestick that indicates indecision between buyers and sellers. i will be taking this trade at the low of the indecision candle, that way i will have some confirmation that bears want to sell and take the price down. my risk reward? simple, 1:2.5 Good luck to myself!
Short
by daldertg
WHAT DO I SEE ACCORDING TO PRICE ACTION ON NZDUSD?so what do we see here? according to price action we see a nice bullish preceding trend thats gets stucked in a daily resistance area, and shows me an indecision candle ( also called dodji ) on a 8hr chart. Also we can see recent lower high, which is usually a good signal for taking a short. Taking this trade when price goes below the low of the indecision candle. going for a risk reward of 1:2.5 ( my minimun is 1:2) hopefully it will work.
Short
by daldertg
2
GBPUSD - Lot's of indecisionWhat I see: Bullish sentiment - Price respecting Daily PP - Price Respecting 50 SMA - Price respecting Bullish TL - Close above top of Daily Inside Bar range - Price above 100 SMA - Price above 200 SMA - Daily Bullish Engulfing Candle - Broken recent higher high - False breakout of rising wedge Bearish sentiment - Price failed to stay above previous Weekly High - Long term trade is bearish and could simply be in a correction phase - Breakout of rising wedge - Often if all signs are pointing up, it's a dirty trap that gets me every time :).
by JakeSummers4x
LII bull flags confirm break above $100LII is a low volume stock but one which is beginning to show signs of trending well since breaking above the 200ma in October 2014. At that time there was major resistance ahead with price trading below the March 2014 pivot high ($94.69) and the $100 figure. The March high proved the more difficult to crack with price hanging around the $92-$97 zone for several months. Clearing $100 was more straightforward - although there were a number of indecision candles (doji in the main) just above this level. There was no particular retest of either $95 or £100 so longer-term trend traders would have to wait for further confirmation that the uptrend had continued momentum. The two recent bull flags have given such a signal and a buy position could well provide good profits. The one point of note here, however, is that in the previous bull trend (shown on the weekly) the pullbacks were pretty deep. So far the latest trend is proving to be more linear - but patience and wider stops may be needed to successfully trade this stock.
NYSE:LIILong
by iAnneTrader