FTSE UK Stock Index (*Stays with BULL for now) FTSE
UK stock index is on the rise again, and I am expecting it shall go higher first.
The nearest TP level is 7450, or the harder one will be 7560 regions.
I will update again if there is any changes.
DYODD and Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Indextrading
(ETH/USD) Potential Intraday Short - CHANNEL & GANN basicsHappy Monday Fellow Traders!
***excuse the balloon overlaps, TV loves to rescale my charts
**The strategy results should be ignored, I built the MASIC-N indicator ages ago and use it as a baseline, not to trade on!!!
Today I had a friend approach me about her selling her ETH at $515 and feeling frustrated that she was missing the rally. This left me feeling inspired, so in today's chart dive we'll be covering four things
The basics of my channel trade method
The basics of trading Gann fan angles
The basics of Fib levels
A potential intraday short utilizing fib ratios & Gann angles
1. CHANNELS
***Note that theres many ways to trade channels, this is my method; everyone changes things to work for them, this is good! Adapt what you learn and make it work for you!
Major channel range is Major peak to Major low
Minor channel range is Minor peak to Minor Low
Break out range is simply:
Major channel-Minor channel for Long Entry
Minor channel-Major channel for Short Entry
The breakout level is taken from the breakout range added or subtracted from the major channel for long/short respectively
Entry is initiated at the close of the second candle outside of this breakout level
Stop Losses are placed at major channel peak or low for long/short
Move stop to break even after price move equal to 50% of breakout range
2. GANN FANS (these rules are absolutely imperative!!!)
***These are constantly misused on TradingView, lets set the record straight!
**I've only listed the 1/2, 1/1, and 2/1 angles to simplify things as these are all thats needed for a baseline "loose" Gann fantrade
price/bar scale MUST BE 1/1!!!!!
(seriously, if its not 1/1 then you're just drawing lines, not doing a gann analysis)
Pick a Major high or Major Low
Use the trend angle tool to draw 45 deg. angle in direction of trend.
Overlay gan fan with 1/1 line locked to 45 deg. angle
Watch for 1/1 crossover against trend direction
Buy/Sell after close of second candle breaking out from 2/1 line
3. FIBONACCI Retraces.
I see people argue about the efficacy of fib levels all the time, stating the ever present "draw enough lines and something will correlate" argument.
So I'll make this one easy:
These are simply guides NOT guarantees!
lol
4. THE TRADE!!!!
WHY:
Unsuccesful breakout of 1.618 fib line
Possibly about to close the first bar below Gann fan
RSI below 50 & falling
MACD Bearish Divergence
BTC (used as crypto index) testing 48 EMA
Stochastic RSI below 50%
SETUP:
Enter Short after second bar closes below Gann 2/1
Target 1 @ 1.414 fib level ($623.60)
Move S/L to $625 at breakout below
Will update depending on trend continuation
***I really will do my best to update this as i trade ETH daily and will be paying attention to the price moves.
Happy trading folks!
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DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Austin Doyle
CTO
Weekly Momentum On Major Pairs (17/2018)XXX/USD: Bearish
Gold & Silver: Mixed (They are not in the same direction)
XXX/JPY: Bearish (It means “risk off” is on the card)
USD/XXX: Bullish
Indexes: Mixed (HK and DJ indexes are not in the same direction)
BitCoin: Bullish
DYODD and Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
HONG KONG stock index (* Watch these levels closely)We had strong resistants level of 31075 regions and they are acting tough.
At the same time, we are at the decent support of 30230 level.
I am slight bearish for now and watch 30250 level closely.
In order to turn strongly bearish, we need to make sure the market break that hard support level first.
DYODD and Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Weekly Momentum On Major Pairs (Week16/2018)XXX/USD: Bullish
Gold & Silver: Bullish
XXX/JPY: Bullish
USD/XXX: Mixed (USDCAD and USDCHF are not in the same direction)
Indexes: Bullish (HK and DJ indexes are in the same direction)
BitCoin: Bullish
DYODD and Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Dow Jones US Stock Market (*DO NOT SHORT)The US market has shown its "aggressiveness". I am expecting the bullish movement shall be carried forward.
I will suggest NOT to go SHORT as the chance of getting rolled over is high instead, you can LONG/BUY and the target can be 350+ away.
DYODD and Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IS THE US STOCK MARKET READY FOR ITS CORRECTION (S&P ANALYSIS)This is the scenario we are currently looking at (EXPLAINED BELOW):
As you know, we recently had the WORST Dow Jones single-day drop in history. (That's the last I'll speak of the DOW, now lets analyze a true index).
The S&P has shown us signs that maybe it's ready to correct too. We see the weakly chart giving us a STRONG bearish engulfing candle at a top with extreme agreement across many indicators. We then see it make an attempt (arguably) at lower lows on the daily chart, confirmed by downward momentum.
SO WHAT'S NEXT?
Well of course we don't know- but here's my outlook based on the technical analysis. We will see a pullback SOON. This pull back will take us up in to the area I have labeled POSSIBLE RANGE. From here- the market will decide what it wants. If it wants to remain bullish we may see it get stuck in a range for some time, before breaking the ranging ceiling and achieving new highs. IF it decides to go bearish, the pullback will result in a selloff and we will fall down to the levels listed on the chart.
HAPPY TRADING. QUESTIONS WELCOMED BELOW.
Dow Jones (*Wait What. Bull Or Bear?)So, everyone is bullish now, just because of 1 day UPmove?
If you trade based on news, you soon may have to sell newspaper!
Plan in advance, the current bullishness can stay until 24,900 or even 25,000.
But I expect the resistant will hold stays and it shall go alot lower soon.
DYODD and Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Dow Jones (*Buyers Beware, Bear are in firm control)Bears are in firm control for now and I am seeing it shall easily go and retest the previous low near 23100 level.
For any pull up. 24,770 will hold out as a VERY strong resistant.
DO NOT blindly hold overexposed long positions.
DYODD and Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
German Stock Index DAX (*Now it has met a decent resistant)German Stock Index is trying to bounce downward using 12450 as nice resistant.
Now it may be BEAR pressure as long as the price is below 12450 and 12550 regions.
SLight Bear but watch closely.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
We,Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
DAX Index: Short TargetI believe a 13570 short target is inevitable with medium risk. Many industrial and tech companies are starting to gain notice in Germany and the overall indication of strength of the startup scene have increased. Even though Merkel's policies are regulatory tax wise, companies have still managed to sustain some growth as well as recouping of positive correlations there. I think the expectancy of a year over year average will likely show healthy strength.
Dow Jones Index TargetI expect the Dow Jones within a week or so to be hitting a $26225 price point. I definitely say it is bullish and potential resistance could be near. However, the correlations have been seemingly positive and as an index of the general market, it looks like a good position. As a HODL it looks to be a fairly conservative investment strategy to be in your portfolio. Still obviously you got that risk, but I would not withdraw to quick. You can always invest in many different index funds or the S & P as well as just the top performing stocks. Overall, it is about mitigating risk and maximizing returns.
HSI Short Position CallingGiven the Hang Seng prices about to reach its high point, I call a short for this upcoming week. While there is potential for some long term gains, I believe an extremely short position is conservatively the best calling. That would maximize losses and still bring some profits just looking at the technical analysis of past charting patterns. Also it still looks extremely bearish given it is a strong buy. I would predict the best strategy would be a short over long holding for expected positive correlations. Overall though, it is extremely highly investible.
SSMI (Swiss Market Index) LONG setup (H1/H4)Hi, traders!
Swiss Market Index* INDEX:SSMI formed the bullish wave and appears to be ready for take off to point 6.
This potential move is being supported by RSI divergence as well as significant volume at point 5 (unfortunately not available here, but I can see it in my terminal).
It is also worth noting that internal structure of the wave is being enhanced by already completed minor bearish yellow WW.
Good luck and profitable week!
IBEX 35 bullish momentum should continue towards 9000 level 8726 level support has a bullish candle confirming my bullish bias, the perfect buy would of been at the 856 level.
That bearish engulfing void candle at 12pm was just there to take out stops, the 4 hour block has been violated so this shows uncertainty because price has dropped on 8830 level and has also shown bullish action before. 1 hour time frame confirms my bullish bias.