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Inside Bar

US30 Triple inside day breakout long opportunityActually we have a specific term to describe a triple inside bar, but I don't think that's proper here so let's still call it a triple inside bar lol. As an intraday trader, a daily chart inside bar breakout usually implies a pretty large risk that exceed the normal risk amount. While of course, I would love to participate in this "triple inside day" long. Accordingly, I'll look for any possible intraday set-up to long US30 today before / after the market opens. Let's see how it goes!
FX:US30Long
by Trader_Joe_Lee
6
MA inside week in front of supply zone, too high to buy?Last year, at least 7 out of 10 stocks looked like this MasterCard weekly chart. While it's a totally different concept compared to what the market happened. With the Q1 market fluctuation, MA showed great relative strength to remain a intact weekly uptrend! It solved the 1st thing-- I don't want to short the supply zone nor the inside week breakdown at all ! 2nd question: how about the inside week breakout, is this too high to buy? The hard part for this setup is that it can only get its 1st kick after it made new all time high. Other than that, I actually like this long a lot! Here we got 2 options: 1. wait for the weekly breakout and trade the intra-day bullish setup 2. trade the inside week and put the 1st kick at the supply zone @182.5, and execute careful risk-reward stop! Let's see how it goes!
NYSE:MALong
by Trader_Joe_Lee
BTCUSD: Bearish Trend Line Encourages Test Of Low 7Ks.BTCUSD update: Price action is some what quiet near the most recent peak. There is an inside bar now present on this time frame which can turn into a sell signal quickly. As I wrote in my report on S.C. earlier today, the bearish trend line is still in effect. Lower highs often lead to lower lows. This market is in a tricky area. If buyers hold up, price can produce a shallow higher low and squeeze higher and break the bearish trend line. If price takes out the 7413 inside bar low, that can invite further bearish momentum which can take price back to the low 7Ks. Based on the technical structures in place, it appears price is more likely to lean more toward the bearish side on the short term. I am all for being bullish, but two things need to happen in order to prove this market is in a sustained rally. First, the trend line needs to be cleared. Second, the 8185 resistance level needs to be taken out. This is the .382 of the recent bearish structure. Keep in mind price can go as low as 6904 which is the reversal zone boundary and still be in a position to reverse sharply. It is a matter of waiting for the price action to confirm. In my earlier report on S.C., I also compare inventory building with swing trading. If this market pushes the 7K low, there will be an opportunity for both types of strategies. In summary, at this point I am just waiting for the next swing trade while accumulating other coins for long term inventory. S.C. is where I will share the next trade idea for this market.
BITFINEX:BTCUSD
by MarcPMarkets
20
ETHUSD: Swing Trade Long And Facing The Bearish Trendline.ETHUSD update: A swing trade idea was triggered at the break of 543.50 which was published on S.C. earlier today. There is also a follow up article that explains the reasoning behind the trade. As you can see, the trade is in the green for now. This retrace should not come as a suprise though. We have been writing about the support zones and risk of short squeeze for at least a week. When price reaches a predetermined level like the 544 to 464 support (.618 of recent bullish structure), it helps us to lean more toward expecting a reversal. Even when there is no sign of one which has been the case for the previous few days. It begins with probability and then is followed by pattern recognition. As far as where this market can go, the next resistance is 625 (.382 of recent bearish structure). There is no guarantee that price will go there, but in terms of proportion, this level is within reason. On S.C., I wrote about a specific target and why we chose that level. Keep in mind, there is a bearish trend line that is still in play. This is why we choose to lean more toward the conservative side when determining where to begin exiting the position. Can price retest the high 600's? Anything can happen, but we focus on probability, not profit. If the market chooses to continue to run, there will be plenty of opportunity to lighten up on the position and let some ride. In summary, this is a swing trade. It differs greatly from a position trade because of it's shorter term nature and specifically defined risk. We have also been building inventory during the general pessimism across a portfolio of coins, not just this one. When markets are ugly, that is the time to accumulate. When they look the greatest, that is the time to unload. In order to operate in line with this concept, you must separate yourself from your own natural impulses. Natural impulses like buying a market at the high, or being bearish at the low is further amplified by all of the hype, drama and social noise. Price is the best piece of information we can get, it is just a matter of learning how to listen to it.
BITFINEX:ETHUSD
by MarcPMarkets
11
EURUSD: Reversal Signs On Major Support. 1.1800's Within Reason.EURUSD update: The swing trade long from 1.1745 is now in play. In this report I am going to explain the reasoning behind this long, and what adjustments to consider in the face of conflicting price action if it nears the bearish trend line. This trade was called on S.C. around 10:30 AM EST today. The price action over recent weeks has been clearly bearish. For whatever fundamental reason that you want to point to, the US dollar has been surging. Often during times of prolonged momentum, it is very easy to lose sight of broader structure. When you zoom out and look at the overall structure of this pair, you will notice that the 1.1708 area is the .382 of the entire bullish move since the December 2016 lows. This is important information because it means this level is a major support. One that offers a greater probability that price retraces higher, at least temporarily. On this time frame, temporarily means a retest of the bearish trend line near the high 1.1700s or even a push toward the 1.2011 resistance which is the .382 level relative to the recent bearish structure. Since momentum is still generally bearish, it makes more sense to place a target at a much more conservative level and that is why I chose 1.1823 instead of the high 1.1800s or even higher. Keep in mind what makes this trade worth the risk is the potential. 1.2011 is around 300 pips from current prices. Capturing just 25% of that is very reasonable. There are other factors that are in play that justified this trade signal. There is a minor failed low formation defined by 1.1690 and an inside bar on the 12 hour chart. The trigger was when the 12 hour high was taken out. There is also an inside bar on this time frame as well which will trigger at 1.1751 for those still interested. Since momentum still favors the bearish side, price conflict may appear earlier than the target. The area to consider: the 1.1790s. If a bearish pin bar appears off of the 1.1790s, that would be a good time to exit for an earlier profit. The 1.1683 stop is based on the 1.1690 low with a little extra room to help reduce the possibility of a fake out. At the moment, price is hesitating just above the 1.1700 area which is not the best sign. Keep in mind, if this market cannot get it together and mount a retrace over the next 12 to 15 hours, I will more than likely exit the position, even for a smaller loss. I do not want to be long for the upcoming holiday and these type of reversals should move favorably quickly, if it does not, it is a red flag. Taking trades with higher probability and potential are one thing, but the key to remember is winners must be larger than losers. There are times when adjustments may call for taking less profit than the amount risked, and that is fine. We can't control profits, but we can control risk. If you keep risk relatively small, and mitigate further when the market offers the chance by adjusting to new information and signals, that is how to average 2:1 or better reward/risk over time. It is possible to have a string of losses, but if you are following these best practices, your winners should be making up for them and then some. Questions and comments welcome.
Long
by MarcPMarkets
8
Very bullish price action signals are formingWhile I am personally trading the SPY due to it's great stock and options liquidity there have been a number of great bullish signals being through in multiple index and futures markets. Today I focus on the NASDAQ 100 futures and point out a nice inside bar/2 bar reversal pattern that as already broken out to the upside as well as an inside bar/ false break pattern that is currently forming in the daily. I will be watching where the markets are going into the close but a pin bar does end up forming on the /YM futures I believe that could set us up for our next bullish move. As always with price action, price must break out of the pattern before it is confirmed. In the case of the inside bar/ false break pattern, if we do end the day with that pattern then a breakout of the inside bar pattern would still need to occur for this new signal to be trad-able. Those who jump in early to make a few extra bucks are doing so at the risk of a far less probably trade. When the patterns do break out the probably of success goes way up. Please watch my video analysis here
AMEX:SPYLong
by krugman87