XAUUSD 2019 ProjectionBy Q1 of 2019 we could see gold trade as high as 1450!
Remember Technical Analysis is Personal Perspective and there are many fundamental factors that contribute to the Price Movement on Gold including, but definitely not limited to:
Manipulation
Fiat Currency
Large Investors (Switzerland, Russia, Independent Individuals etc) that have accumulated a long term position
Economic Events such as the news filled week ahead (Monday May 28 through Friday June 1 when the G7 Summit begins)
Official Price Target is much higher considering Historical Human sentiment and directional trading.
Investor
Ripple - XRP Long Term Analysis | Investor perspective Here we have XRP on the weekly chart. Unfortunately, As we can see, Ripple was one of the cryptos which retraced the most. To almost a 100% of wave 1!
After 5 minor waves up, so far we have an ABC type of correction. If we assume that we are done with the correction, we can anticipate the start of wave 3 which is often the longest wave! However, we could get an ABCDE correction also. In both cases, we can target minimum x1.618 or 2.618 of wave one for wave 3.
If we have a look at MACD indicator, we can see a slight bullish divergence. This could be a good sign of bullish trend in a long term:
6 to 12 months Target:
5.5 - 8.5 $
* Let me know your thoughts in the comment section. What do you think the price of XRP would be by 2019? *
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Make sure to check out my EMA Script which you can have the 8, 13, 21 and 55 Exponential Moving Averages on one indicator for free:
author : R.N behind_crypto
IOTA _UpdateThe IOTA bearish momentum remains to be relatively weakened, as crypto found key support at the $91.50 level, as the coin only hit a marginal new low in the midst of the crypto segment-wide decline move. While a trend break may be in the cards, just long-term traders and investors should consider looking for entry points.
Who else loves bear flags ?Let me admit here something - (let's say) I am a complete novice if it comes to TA... so what do I do ? I google bear flag and what do I get :
The bear flag pattern is found in a downtrending stock. This pattern is named for the resemblance of an inverted flag on a pole. The bear flag is a continuation pattern which only slightly retraces the decline preceding it. The technical sell point is when price penetrates the lower trend line of the flag area, ideally on volume expansion.
On the top of that we all know that bear flags are mostly found in bear trend + PLUS +
The height of the flagpole may be subtracted from the breakout area at the end of the flag to determine the expected decline which follows. This is why the bear flag pattern is often found in the middle of stock declines.
Now a bit smarter I think I'm not exactly going to sound like Nostradamus by saying - we're still going down people.
IOTA Down Range DeteriorationThe coin remained range bound from March 22, and it broke below to the downside on March 26 and slumping to its destination to our T/P 0.5325. Investors and traders should avoid bottom fishing if the virtual currency breaks down under 1.0.
Reminder: After initially moving the stop to break-even as the trade progresses in your favor, you may leave it there until the initial Take Profit target is hit, or close the trade if there will be a substantial retracement or reversal before the price reaches the destination.
XRPUSD Buy Strategy (investor style)BITFINEX:XRPUSD
Trend
- Uptrend in major timeframe could confirm when price breakout / stand over 1.2
Possibility
- Range in 1.2 - 0.7 waiting for market choose direction
Key support - resistance
- 1.2 (61.8% retracement from All Time High)
- 0.7 Latest Low
Chance
Entry - Buy zone : 0.7-1.2
TP : All Time High , All Time High+
SL : 0 (Leverage 1-1 Buy and hold)
- For high volatile product
Risk-Reward - Expected Return
At Entry point 50% All time high ,TP at All Time High
- RiskReward=1, (if TP higher than All Time High : RiskReward will be 1.x )
Margin $1000 at 50%All Time High can growth up to $2000 at All time high
- You could gain Risk-Reward by Buy below it (50%)
money-portfolio management
SL=0, Margin use 10-35% of portfolio
ex. Portfolio size $10000 , use 10% ($1000) as Margin to trade XRPUSD by SL=0
- Can use up to 10-35% (kelly criterion)
Notes
- Trader could use Grid strategy to generate cashflow/Collect coin-CFD contract at Grid 0.7 0.8 0.9 1.0 1.1 1.2,
- Cashflow can generate capital-margin for position at 1.2
- Invest with size that you could accept loss
- This strategy is good for investor whom believe in performance of product XRP/USD , and Ripple company (AS Value investor) - longterm
Price has got over the Ichimoku cloud in 1h-timeframe.And the lagging span line (chikou span line) is actually trying to cross the ichimoku cloiud in one-hour timeframe. If the lagging span line gets over the kumo then that would mean a confirmation of the uptrend at least in one-hour timeframe (for hourly investors). If the lagging span line gets over the ichimoku cloud then one will have then to watch on 4 hour timeframe and daily timeframes to identify potential resistances for the price and the lagging span line.
Biotech BasketGenerally speaking we're all pretty aware that a "Buy & Hold" strategy works well. Yet, we find outselves "trading". Despite the evidence indicating this is unwise.
In a snapshot view we can take a look at the daily chart (nearly a years worth) and view our 3 stocks in the Biotech basket - and we can pick up some obvious patterns.
These stocks are very much sentiment based. They swing wildly, before Earnings calls - but less after.
These stocks move with extreme volatility. This is typical of sentiment driven stocks.
These stocks offer plenty of activity for a swing trader, or scalper, and show trade-able features.
I'd like to talk about rebalancing .
The items I mentioned before are true, and seem as though they add up to a perfect suite of scenario's for a trader to load up on downtrends midcycle before an earnings call. I wouldn't argue with that type of play, I think it'd probably make quite a bit of money. Especially if you were doing it with derivatives. That is a great strategy. There are many that could be applied. Today, we're going to explore a boring one: Re-balancing.
Selecting a basket.
This is no small feat. Many people would pull up a screener and begin going to town on fundamentals, reading news, and generally looking for data which would show a stock in our Biotech sector to either be developing "an un-fair advantage" or to "be significantly mispriced". That's ok. You SHOULD do that. Thats called research, and it should be the majority of what you do as a trader. It should be be even more-so as an investor. Today we cheated. Thats right.
We took a look at the Portfolio of Orbimed's top ten holdings, and decided to look at three stocks which in the last quarter Orbimed was bullish on. Orbimed chose to increase holdings of 3 companies. REGN , CI , NASDAQ:VRTX , and we will use these 3 stocks as our basket today. Why? Because they're good stocks.
Prove it?
Done.
Now what is re-balancing and why does a trader care?
Rebalancing is a tool most commonly used by Investors . It is useful because it keeps an Investors Risk Management in correlation with their Risk Appetite. This is important, especially for long term holders. In a group as volatile as Biotech, it is even more important - as it lends well to to explosive compounding and can lead to wildly unbalanced portfolios in a relatively short time. One of my favorite examples of rebalancing (and the only one we will discuss here) is practiced by selling and buying based on risk thresholds. A threshold is set like so:
Define a risk appetite (percentage of holdings to go into a given asset class)
Define a risk factor (percentage of individual positions of a given sector of holdings)
Manage risk (buy or sell from a position to meet the percentage guidance originally set)
I.E 33% REGN , 33% CI , 33% VRTX
Keep in mind you can overweight or underweight any position you choose. Afterall, it is your portfolio, and you are a trader!
Why do you care?
Following this set of principles gives the trader Long-term-guidance . This is one of the most overlooked portions of a traders strategy. There must be some form of long term guidance. This is why a trader should care. We looked at the stocks aforementioned and pointed out many points for which a trader could buy, or sell, to seemingly outperform the market. Likely, a good trader with good indicators trading in between earnings calls would indeed do well.
Now lets take a look at the long term.
To Be Continued....
DR PEPPER REVISITED (DPS BUY)One of my very first pairs I posted- REVISISTED!
Here is a new plan, as I think now (and at a couple other lower prices) DPS is a decent medium term buy- meaning it's not going to be a day trade, but you're not going to be holding on to it for years.
Fundamentals: In this tricky market we have had towards the end of last week and in to this week, TECH stocks (FB, NFLX, APPL, AMZN, GOOG, NVDA, AMD, TSLA) have been all taking a beating, and stocks like DPS are being dragged with it. However, if this trend continues, people will likely SWITCH from riskier, more volatile stocks and go back in to the fundamentals such as food and beverage, utilities, energy, what have you. DPS has NO reason to keep going down, the company is the exact same company it was at >95$ a share.
Anyways, enough of the fundamentals. I'm putting in my buys and WILL UPDATE THIS CHART AS TIME GOES ON AS TO WHEN TO TAKE PROFITS! So if you're joining the ride, MAKE SURE TO FOLLOW ME OR BOOKMARK THIS CHART.
LILA nearby breakout area, major resistanceLILA is another stock with positions recently added on to by investment group Dodge & Cox. The stock has been trending down since it's initial high, and prices are once again finding an area where they are to either continue on higher, or go down further. The stock has had some slight increase in volume recently, but prices are still below the major resistance area. The price is also nearby to the 200 MA, so there is the chance for them to pass through and use it as a support area to continue further up. This is a descending triangle, so the energy of the prices should react positively to the geometry of what's going on. A trade can be taken with a 2:1 R/R where the prices can move a full 2R from the last decent green bar before encountering some more resistance at the psychological $22.00 level where prices previously consolidated.
TV going through a wedge, major resistance trendlineShares of this stock were recently purchased by investment group Dodge & Cox, the prices are going through a major wedge shape, which is slightly pointed upwards at an angle. The top of the wedge is at a major resistance from the highest price the stock has reached dating back to 2015. The prices are also bouncing from the 200 MA, providing an area of support from which the prices can begin to trend higher. There is an area of consolidation which can be a short-term issue. However, a partial entry can be added on to later as prices trend higher if prices really do breakout that way.
There is a possibility for prices to fail to breakout from this zone, and they can trend lower to a further support below, where prices will again attempt to breakout from another major support. At that time the wedge will be descending, so there'll be stronger technical support for the idea that the prices are to breakout to the upside and continue on that way.
POSITIONAL LONG EIHOTELEI HOTEL ACTUALLY HAD A GREAT RUN FROM 102 LEVELS. AFTER THAT THERE HAS BEEN IN A CONSOLIDATION OR RANGEBOUND PHASE IN THE PAST MONTH OR SO. TODAY IT BROKE OUT WITH VOLUME IF YOU SEE THE CHART. RSI IS ALL SET TO GO ABOVE 70.
IM BUYING AT CURRENT LEVELS OF 139.70-140 AND ABOVE WITH A STOP OF AROUND 130 LEVELS.
TARGET WILL BE ABOVE 170 LEVELS . IL BE TRAILING MY STOPS AS THE STOCK GOES UP.
EURAUD H&S invalidatedEURAUD 4hr. For the head and shoulder pattern to be valid I believe the down leg after head formation should've gone to the neckline at around 1.3890 (shown by ellipse with question mark). Instead the pair was halted at 200ma confluent with 50% retracement and created a higher low, invalidating the h&s in my opinion. The pair may now respect this ascending parallel channel shown with long target at 1.4500 confluent with upper channel and -27% fib extension.
BUY GBP/CHF on Weekly TFThe pair complete triple cycles on Weekly, with divergence on W, D TF. H1, H4, D all with bullish momentum, the price also break trendline on W, that is so powerful.
I think it is suitable for investor on Weekly, target to 1.372.
There will be much news on Bexit negotiation, please take care.