SPY Daily Insider Bar Startergy If Insider bar cuts the previous mother bar Low Value ........ Go Short :)
Inside Bar
inside bar trade set up1D timeflame inside bar identified.
When price breaks out on either side of the inside bar.
profit targets 1:2 reward to risk ratio.
happy trading
NFLX inside day after earnings!NFLX has an inside day after earnings, the direction it breaks will be very important!
It has a big pullback on its earning day but recovered much also, both breakout will be a noticeable day trade!
Let's see how it goes!
ETHUSD: 442 Inside Bar Trigger Setting Up For Low 500s Target.ETHUSD update: Price has tested the 423 reversal zone boundary for a second time. Following BTC, it appears this market is also gearing up to establish a higher low formation. There is now a new inside bar in place. If the next candle takes out the 442 high, it will activate a buy trigger and The next leg higher can run into the resistance zone around the low 500's.
Earlier today I published an article on S.C. that touched on the inverted head and shoulders pattern that is in progress in the BTC market. Price is currently establishing the right shoulder and missed my limit buy order by 5 points. If BTC manages to maintain the higher low, it will signal a new wave of bullish momentum in general.
An inverted head and shoulders pattern in BTC is a significant sign of broader strength. This is the type of pattern that can be anticipated in a high probability reversal location like BTC has been in for some time.
And if BTC chooses to test 6850, that would coincide with this market testing the 494 to 518 minor resistance (.618 of recent bearish swing relative to 548 high). That would also result in the break of the more recent bearish trend line in the 470s which further adds to the bullish argument.
What makes this market even more compelling is the attractiveness of the reward/risk. Risk can be measured from the 417 low or 392 low, which ever one is more in line with your tolerance. From current levels that is anywhere from 14 to 40 points of risk while the reward potential is at least 60 points. At S.C., this certainly fits within the parameters of our swing trade criteria.
In summary, like I have been writing in my S.C. articles, a market that is going through the bottoming process will be noisy. Understanding how to use technical analysis to measure probabilities is key to navigating an environment like this.
Keep in mind, the inside bar low can also be taken out which would generate a sell trigger. This is when you must consider the probability of the broader location and is part of the reason why we place more weight on the buy trigger.
Consider focusing on tools that help you anticipate rather than react. Support and resistance and candle sticks are two elements that offer a better read compared to your standard oscillator. Often the best opportunities start out as the ugliest prices.
USDCHF Breakout Strategy Long and Short PositionsUSDCHF on the daily candles show tightening consolidation pattern with white dotted lines representing recent highs and lows within the contracting pennant pattern. White dotted lines also represent support and resistance levels that are used as levels to indicate long/short opportunity if price action confidently breaks above or below the nearest dotted lines. Green and red shaded regions represent an approximate sell area to dollar cost avg out (based on 1.618 fib both long and short). Stop loss should be around 0.10 - 0.20% from first white dotted line breakout or trailing SL based on chandelier stop (10,5,3) indicator. May possibly keep update with this over time...
USDCHF Breakout Strategy Analysis for Long and Short positions on the weekly, candles show tightening consolidation pattern with white dotted lines representing recent highs and lows within the contracting pennant pattern. White dotted lines also represent support and resistance levels that are used as levels to indicate long/short opportunity if price action confidently breaks above or below that line. Green arrow = Long position / red arrow = short position. Green and red shaded regions represent an approximate sell area to dollar cost average out (based on 1.618 fib both long and short). Oversold RSI also may be an indicator to take profits. Red rsi zone is common area of rsi congestion and support based on last 24 months. Note that macd may develop bear cross along with small divergence of macd = potential volatility soon = breakout. Stop loss should be around 0.10 - 0.20% from first white dotted line breakout or trailing SL based on chandelier stop (10,5,3) indicator on daily candles. May possibly keep update with this over time...
GOLD / GC / XAUUSD - Bearish inside bar fake-out patternIn this video I talk about the bearish inside bar fake-out pattern that has formed on the daily charts in the gold futures market. I cover a short educational lesson on the important of market key support and resistance levels ahead of time. Finally I cover some potential entry / stop loss / profit taking levels for short sellers.
US30 inside week broke to the upside strategy!US30 had a inside week last week, and rarely enough, the inside week broke to the upside earlier in the Monday Asia market.
It gave a clear mindset for the trading in this week!
Before it goes back to break the 24000 fig (inside week low)
I would more like to look for long trades than short trades in this week!
Long trades includes buy low strategies like demand zone, harmonic patterns, structures breakout pullback, and 0.618 fib retracement;
Also, with-trend strategy like inside bar is always my trade yo!
Let's see how it goes!
USDJPY inside hr after intraday high tradeIn terms of day trade, I like this set-up so much to participate in the intraday trend.
USDJPY just made a new intraday high to break the 111.00 fig and it gave an inside hr here.
If it's able to break to the upside, I would like to take this long!
If it breaks to the downside first, then this trade doesn't exist anymore.
Let's see how it goes!
USDCAD Pulls Back to SupportLast post: June 22nd. See chart .
Review: Price was suggesting indecision and a possible pullback in the bull trend back to retest resistance-turned-support.
Update: Price did indeed pullback and is today suggesting a possible I B setup.
Conclusion: We will wait for the daily closing price and then let our community know if a pullback setup is appropriate or we need to wait for the BO.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
ETHUSD: Bearish Trigger Near But Higher Low Likely To Form.ETHUSD update: Inside bar has materialized which sets the stage for the next move in this market. With the bearish structure still intact, an attempt toward the 392 reversal zone boundary is likely. The structure to watch for though is a higher low formation between current prices and 392. This would be the bullish confirmation that a broader movement toward higher prices is in progress.
I wrote in my previous reports that the recent short squeeze in these markets could be the beginning of a broader move higher. The general price area of these markets, especially BTC, present reward/risk scenarios that are skewed toward the bullish side.
And part of the motivation that can help these markets along can come from a weakening Dollar. I published an article earlier on S.C. that explored this relationship further.
At this point, ETH as well as BTC are facing the first bearish obstacle. The mid 440's is where the bearish trend line is located as well as the lower boundary of the broad 544 to 464 support zone (.618 area of recent bullish structure). If price breaks back below the low 440s, it will be generating a sell trigger and can lead to a retest of the 400 low.
If 400 is taken out, 392 is the next reversal zone boundary relative to the 404 low. That is the location to look for reversal candles like a bullish pin bar.
A close below 392 opens the possibility for the test of 374 which would be a bearish sign to say the least. As S.C., we are anticipating the higher low scenario because of the magnitude of the initial spike on Friday.
In summary, if the higher low can materialize, it would justify a swing trade long idea (which will be shared with followers on S.C. if we take it). A push off a higher low can take price back into the low 500's at least.
If price action stays tight, it can also form a shallow higher low and squeeze earlier than expected. This would be a higher risk trade because of the general lack of follow through and bearish obstacles still in play. In this scenario, we will wait it out until the trend line is at least cleared before considering such aggressive setups.
You will be in the game longer if your biggest mistakes are missing trades, rather than forcing trades. Missing a trade does not drain your capital, while forced trades drain it quickly. Just something to think about.
YUM Gartley pattern, butterfly pattern, and inside day!With the volatility is going wilder, I usually turn to some defensive stocks like consumer goods, retailers, and restaurants!
Here we got this YUM, the blue bullish butterfly pattern just hit the entry and formed an inside day;
Also, there is a bigger green Gartley pattern entry near 78.00.
Accordingly, if the inside day is able to break to the upside on Monday, it's the 1st shot to take some long;
With such defensive stock, we don't really need to put the out at the inside day low if you aren't trade with crazy leverage.
So, put the out below 75.00 and take some more from the Gartley will be my plan yo!
If the inside day breaks to the downside, the butterfly long doesn't exist anymore; but the Gartley remains available!
Let's see how it goes!
EURCAD - inside bar/fake-out from key supportAn inside bar/fake-out setup formed in the EURCAD minor pair last week. These types of setups can be very powerful false break signals where large numbers of retail traders were tricked into going one direction and price immediately whips in the other direction, trapping these traders. That can provide strong movement in the other direction as these traders are forced to liquidate losing positions. This setup has already ran up about 100 pips since my entry point and I will be looking to move my mental stop up to break even going into next week, essentially locking in a free trade and attempting to bag my original 3-to-1 RR.
ETHUSD: Lower High Obvious But Don't Ignore Support Zone.ETHUSD update: Price has reached the bearish trend line and is now hesitating. This is not unusual and was expected, that is why we placed our swing trade target at 540. The question is: what is price more likely to do from here? Lower low? Higher low? Or continuation higher?
In case you have not been following our swing trade on S.C., it reached its 55 point profit target 2 days ago. The selection of that target was partly based on the bearish trend line.
The bearish trend line has been slightly compromised, but not enough to change our short term outlook. Bearish structure still dominates the short term momentum and until that changes, we are going to be very conservative as far as putting on new swing trades and their respective profit targets.
The short term bearish argument is as follows. If the 516 inside bar low is taken out, followed by the newly established bullish trend line, then this market is more likely to retest the 458 reversal zone boundary. In an extreme sell off, price can even test the 423 reversal zone boundary. This is the type of price action we wait for when it comes to our inventory building strategies.
Again, the selling scenarios are all IFs. Meanwhile, price is still within a broad support zone. The 544 to 464 area is the .618 of a recent bullish structure. As imprecise as this area may be, it cannot be ignored. It does present a chance that a higher low or failed low formation can materialize here. This is what the bears are not seeing and will be seriously caught off guard. Great scenario for people who hold inventory.
Another sign that canot be ignored is if the bullish trend line stays intact. A long signal off of the current inside bars can also catch many by surprise. If this happens, it will most likely be lead by a similar signal in BTC.
In summary, before any of these markets show real signs of recovery, they need to take out their trend resistance levels. In this case it is the 625 level which is the .382 of the recent bearish structure. Until then, we are likely to see wide range bound markets that do not make any real progress.
At S.C., we are not convinced of a completley bearish market because of 2 conditions. The first is the general bullish price location. The second is the premise that this market is forming a broad higher low formation which is also still in line with the Elliott Wave count I posted recently.
This type of environment is not without its opportunities, but patience and realistic expectations are key. We let the market tell its story and adjust to it, always evaluating the risks vs. potential rewards. No matter where it goes, we have a plan of action for that scenario.
Your own plan will serve you better than anything else. As I have been reminding our followers at S.C., use quiet time to plan ahead and to expand your knowledge. You will be much better prepared for when these markets get busy and the reactionary crowd returns.
AMD inside day after new high of a decade!Patience for AMD investors got paid off greatly as it just made a new high of a decade!
These days, these bullish ideas,from 10 followers to 1000 followers, first of all I would like to thank my family...........( ok stop it lol)
I still got some from 10.00 that was already taking profit several time and the trailing out below the 14.3 pivot.
Here is a good example about how to "add position with profit".
The main logic is ---> Take every trade as individual event!
I won't be affected by my 10.00 positions to think like --"only idiots will buy at this spot for me, buy low is much smarter bro!"
I'll be like--"hey here is an inside day after new high of a decade trade, it's exciting to participate the trend!!"
So it's a totally different trade from my original positions and they'll have different out ;
And I like this set-up here so much!
Of course, if it breaks to the downside before breaking to the upside, this trade doesn't exist anymore!
Let's see how it goes!
GM inside day, relative strength or not?Stock futures slumps for more than 1% in Asia market today.
Also, GM got an inside day here;
Yesterday it tried to break the 45.00 fig level and the bearish bat but failed, if the bulls are able to break the inside day,
the momentum probably is able to takeover the size.
Generally I am quite bullish in GM as it's ridiculously cheap with 6-7x multiples and solid dividends, so I'll skip the set-ups to short.
While, with regard to the potential gap down (with the market), the 1st point for this trade is to see if the inside day low 43.35 is broken.
If not, that means GM shows great relative strength against the market, which is great for this trade!
If it breaks the inside day low before breaking the inside day high, this trade doesn't exist anymore.
Let's see how it goes!
ETHUSD: Slow But Still Poised To Test 544 Resistance Area.ETHUSD update: Lack of follow through makes this coin a tough one to hold for a swing trade long, but it is still in a good position to rally. While short term structure remains bearish, do not lose sight of the broad higher low formation that appears to be in progress.
The structures that prompted us at S.C. to call for a swing trade long are still in place. The failed low off of the 458 reversal zone boundary, the break of the high of the bullish pin bar and the 544 to 464 support zone location.
The tricky part has been the recent bearish inside bar formation, but if the 521 high is taken out, this market can push back up to the 625 resistance.
At S.C., the swing trade that we are in is betting on the broad higher low formation relative to the 374 low. Higher lows often lead to higher highs. Even though at this magnitude, it will not happen in a straight line. Once the formation is in play, the short term probabilities will shift decisively to the bullish side.
A close above the bearish trend line at the 544 area will be the first sign. And a decisive close above 625 will be the second. When will this market behave this way? I have no idea. All I know is that at current levels, the probability of a larger magnitude retrace is greater.
Keep in mind, our current swing trade has a target lower than these levels. We will keep targets conservative until after the market proves that a broader recovery is in play. At that point, any new trades will feature targets that are more appropriate for that type of environment.
In summary, all eyes are on BTC. The reason why I even write about this market and its levels is just to quantify the reward/risk of our specific swing trade.
The fact that an inside bar has formed and there is price hesitation are bullish signs. As long as price does not break below 450, chances are better that this market retests the 544 bearish trend line.
I gauge probabilities relative to the price action presented on a chart. I do not "predict" anything, instead I just listen and adjust as the market instructs me to. Standard oscillators are not the most effective tool to discover this perspective. Information based on raw price action is.
GBPUSD Harmonic patterns combination and this inside 4hrGBPUSD has a great harmonic patterns combination recently,
the bearish one perfectly caught the slump after Draghi's speaking.
Now it hit the bullish one and formed an inside 4hr, with abundant 8ema correction zoom.
That will be an interesting but risky long, while it's a good combination of harmonic patterns, inside bar, and EMA correction.
So I'll pay careful attention if it's able to break to the upside, if it breaks to the downside before breaking to the upside, this trade doesn't exist anymore.
Let's see how it goes!
US30 daily chart -- 6 trading opportunities and my ranking. Last time the triple inside bar trade worked perfectly.
There are several potential trades here
1 & 2 are bearish harmonic patterns
3 & 4 are supply/demand, both are very important.
and yesterday was an inside day, which gave the 5&6 trading opportunities.
Among these trades,
1&3 will have a combination near 26000 fig, which probably is the best trade on this chart;
4 ranked 2nd, with regard to the current uptrend and the bearish 2, I want to long by some buy low strategies.
2 is against the current momentum, if it hit 2 today that means the 5 breakout has already taken place, which will be contradict with each other.
If I really have to choose a preference, the inside day breakout may be still more attractive to me.
As for 6, I don't really like to take a inside day breakdown in an uptrend.
So my preference ranking for these trade is 1=3>4>5>2>6 lol.
Preference pretty much will affect the risk appetite and whether to take the trade or not.
Let's see how it goes!
BTC/USD inside bar , will be go up ?As seen on H4, the BTC has made the inside bar and we have a clear divergence on the race, it is more likely to move to 7000USD and then we should approach the surface 5000USD where the hidden gap.
LIKE
EOSUSD Inside day, kinda a experimental trade!There were many cryptos having inside days yesterday.
Technically speaking, this bat pattern drawn has already failed;
while it didn't break 10.00 fig and it has this inside day after breaking the X point.
People may get emotional when their positions got stopped out and bounced right after they realized their loss.
That may become a potential buying momentum for this inside day breakout (those who got stopped out retake the trade)
It's still a very interesting inside day to watch.
Of course, if it breaks to the downside first, this trade doesn't exist anymore.
Let's see how it goes!
