USD/CAD trade setups as Canada's inflation report loomsUSD/CAD sits just below a known level heading into Tuesday’s Canadian inflation report, providing a potential setup for bulls or bears depending on the price action evolves.
1.3792 is the level in question, acting as both support and resistance on multiple occasions earlier this year. Sitting less than 10 pips away, how the price interacts with the level before or after the inflation data should inform you on what setup to choose.
With RSI (14) and MACD providing bullish signals on momentum, the path of least resistance appears higher near-term. If we were to see the price break and hold above 1.3792, longs could be initiated with a stop below for protection. Possible targets include 1.3947 or 1.39777, two levels coinciding with former market peaks.
Alternatively, if the price were to be rejected at the level, you could sell with a stop above for protection. Potential targets include 1.3708, 1.3647 or 200-day moving average.
With nine consecutive bullish daily candles, equalling the run seen in July, it’s safe to assume near-term positioning in stretched in favour of USD longs, suggesting an upside surprise in the inflation report may deliver the greatest market impact. Another bullish candle on Tuesday would make this the longest winning streak since 2017.
Good luck!
DS
M-oscillator
$SPY October 13, 2024AMEX:SPY October 13, 2024
15 Minutes.
As projected AMEX:SPY made a high 579-580 levels.
Now the next target is 587 levels.
But we have oscillator divergence now.
And in daily AMEX:SPY far way by nearly 8 to 10 with respect to 9- and 21-day averages.
So, for the rise 566.63 to 580.33 AMEX:SPY need to hold 576-577 levels for uptrend to continue.
For the rise 574.49 to 580.33 we need retracement up to 576 levels which is also 100 averages in 15 minutes.
So, I will buy only on a pull back to 576 levels.
As of now sell is only below 571 levels.
The #1 Reason Why Real Estate Is The Lowest Hanging FruitAm drinking my cup of tea before recording this video
as I click on the Tradingview platform
I notice in the breaking news tabs
--
"Real Estate low hanging Fruit" [ NYSE:HD AMEX:IYR ]
--
Now if you look into this video you will see
the stochastic indicator
and inside this video
I show you why this indicator confirms
the latest breaking news
as real estate being the lowest hanging fruit
For you to buy
Watch this video to learn more
Remember to rocket boost this content
to learn more
--
Remember on the 19 of October
am going to show you
"The Top 13 Iron Watchlist"
Which I will be using for 2025 to see
major market cycles.
Save that date
--
Disclaimer: Trading is risky you will lose
money whether you like it or not
please learn risk management
and profit-taking strategies.
How to Use Trading Zones in CryptoHello, Skyrexians!
Last two articles were the deep dive into the Awesome Oscillator and Acceleration Deceleration indicators by Bill Williams. In conjunction with the fractals and the alligator these indicators are the powerful concept in cryptocurrency trading. It can significantly boost your cryptocurrency trading strategy, crypto trading algorithm or you can implement it into trading bot. Today we will expand this concept with the trading zones - the periods on the market with the bullish or bearish superiority.
Trading zones is not the popular concept in comparison to Awesome Oscillator, that's why using it can give you a huge advantage in crypto trading because even top crypto traders don't use it in their trading routine. Let's go through its concept.
Before start observing the trading zones concept we have to understand what are the Awesome Oscillator and Acceleration/Deceleration. Awesome oscillator is the approximation of the market's driving force. Usually it starts moving before the price if this is an impulsive wave. During corrections it can flash the false signals. Before the driving force starts moving the acceleration changes its direction. That's why combination of these indicators is so important.
What is the trading zone?
As you know from AO and AC descriptions they can have 2 conditions: increasing (greed bars) and decreasing (red bars). According to this we can define 3 marker conditions:
Green zone. Both AO and AC have the increasing columns. This is the strong bullish phase. Only long trades are allowed.
Red zone. Both AO and AC have the decreasing columns. This is the strong bearish phase. Only short trades are allowed.
Gray zone. AO and AC have the different directions. No signals can be generated by this trading zone
GBPUSD Long 11/10/2024Asset Class: Forex
Income Type: Weekly
Symbol: GBPUSD
Trade Type: Long
Trends:
Short Term: Down (1H, 4H)
Long Term: Up (Daily)
Set-Up Parameters:
Entry: 1.30616
Stop: 1.29970
TP1 1.32519 (3:1)
Trade idea:
4h DBR at breakout,
Downtrend Reversal to Uptrend
RSI oversold and showing strong Divergence.
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
Pacific Biosciences of California, Inc. - positive divergenceOn the 5 day chart price action has corrected 90% since closing the previous idea (below) on June 21st 2023 after a 200% rally. A number of reasons now exist to consider a new long position now that the short is closed.
1) RSI resistance breakout and backtest confirmation.
2) Strong regular bullish divergence. Look left.
3) Monthly support. See below.
4) No shares splits since last publication when trading at $14
5) Percentage of Shares Shorted 20.04%. That comes after a 98% correction. My goodness.
Is it possible price action continues correcting after a 90% correction? Sure, sellers and short sellers alike know what their doing.
Is it probable? No.
Ww
Type: Trade
Risk: <= 6%
Timeframe for long: this month
Return: For elsewhere
Stop loss: For elsewhere
Previous long idea
Monthly chart support
Get Ready For The "Top 13 Iron Watchlist" + Gold Price ActionThis is something I have been struggling with
"what indicator to use for the top 13
Iron watchlist ?? "which I will reveal to you
On the 19th Of October,2024
This watchlist is whats going to rocket boost
my trading for 2025
-
Look at this chart notice that the stochastic rsi
3 day moving average
has crossed the 14 day
moving average?
Also notice that the price is in an uptrend?
--
This asset price is from the Top 13 Iron Watchlist
This watchlist is a new way of looking
at not only the market
But what makes this one unique
Is its purpose is to allow me to trade the market cycles
both bear and bull markets alike
One of the assets on this watchlist
is this one COMEX:GC1!
Because its a very powerful asset
that protects against inflation
With this Top13 iron watchlist
the assets on this watchlist
show you the assets that will
turn and show you
the market cycles of 2025 LIVE..
These are the assets that
will show you the market cycles
To learn more
check out the rocket booster
strategy as well
Because I will also be using this
strategy to determine the trend of
the asset found on the Top13 iron watchlist
Rocket boost this content to learn morre.
Disclaimer:Trading is risky you will lose
money wether you like it or not
so please learn risk management and profit
taking strategies.
Bullish divergence on EUR/USD 4hHello guys,
As you can see on the #EURUSD chart in the 4H time frame, it is consolidating within the liquidity box and has formed an RSI bullish divergence pattern. I’m going to open a trade with an R/R of 6 and a stop loss of 8 pips when break-out happened above the box.
Don’t forget to keep your risk at 1% per trade. That’s a crucial rule that could be the key to your success.
Good luck!
Nasdaq’s bullish close provides platform for record highsNasdaq 100 futures have closed above 20370 for the first time since July 16, providing a platform for bullish trades to be established with a tight stop below for protection. The record high of 20984 seems an appropriate initial target.
Granted, the bullish move wasn’t underpinned by meaningful volumes, which would have been nice to see. But RSI (14) has broken its downtrend and MACD has flicked higher after the briefest of ventures below the signal line, hinting momentum may be in the early stages of turning.
Everyone knows the US inflation report is out Thursday, creating a risk event. But traders have already removed more than three rate cuts from the Fed funds futures curve by the end of 2025, so the threat posed by a hot number does not look as acute as a month or so ago.
It’s also worth remembering that while higher US bond yields erode the value of future cashflows, so large are the cashflows of the tech titans they don’t need capital markets to fund their growth like smaller, cyclical firms.
Therefore, I’d be more concerned about outlook for US small caps if the inflation report were to print strong.
Good luck!
DS
XOM Stock: Using The Rocket Booster Strategy In 3 StepsThe oil prices NYMEX:CL1! are looking like
they are going to rise.
Why?
Am really not sure about why
but one thing for sure is the
price hike is coming
The oil price affects this stock
which is one of the stocks on
my watch list
Because of my change of trading
I have developed a permanent watchlist
Again you need to understand
that am not day-trading these stocks
forex or crypto
am looking at these trades like
investment opportunities.
Yes you may get discouraged but
don't give up
On building your watchlist
which is a very important step
to a successful trading career
Also notice that this
price action follows the rocket booster
strategy
The rocket booster strategy
has 3 steps:
#1-The price has to be above the 50 EMA
#2-The price has to be above the 200 EMA
#3-The price has to be in an uptrend.
This is what you are seeing here on
this chart of NYSE:XOM
Remember to learn more rocket boost
this content
Disclaimer: Trading is risky please learn
risk management and profit-taking
strategies.
Simple13 Trading IdeaTechnical Setup:
The stock is trading near its 52-week low, which suggests it might be oversold.
The RSI is also in the oversold area, increasing the likelihood of a potential rebound.
Financial ratios show PE at 21 and ROE at 22%, indicating that the stock’s fundamentals remain strong, and it may be undervalued at current levels.
Entry Strategy:
The buy zone between RM 1.10 and RM 1.16 represents a favorable entry point based on current support levels and the stock’s oversold condition.
Profit Taking:
If the price rises to RM 1.35, take profit as this represents an approximately 16.4% upside from RM 1.16, a reasonable resistance level in the current market condition.
Profit-taking decisions should also consider individual trading goals and risk tolerance.
Risk Management:
If the price drops below RM 1.00, consider cutting losses, as the pullback could extend further than expected and breach important support levels.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research or consult a professional before making any trading decisions, as market conditions can change rapidly.
MYX:CTOS
How to REALLY Trade Divergences (One of My Favorite Entries)This tutorial might be short, but it is packed with potent information on how to REALLY trade divergences.
Divergences are one of the BEST ways to catch market reversals. However, from what I have seen, most people do not have a real process for determining when a divergence is actually confirmed/triggered, and then how to determine targets based on the divergence setup.
In other words, most people don't have a plan for trading divergence.
This video will give you a full plan (Setup/Trigger/Follow Through) for trading divergences.
I give full credit to Jake Bernstein, as this is a concept that I learned from him. He is one of the all time greats, and very worth your time to check out.
I hope you found this video insightful.
Have a great week.
DXY Short: Completion of corrective A-B-CFrom my previous idea that precisely called the turning point and nature of how DXY will move up, I am now calling for DXY to fall. The reason is because:
1) Completion of 3-wave structure,
2) Big picture wise, we are still on a down trend,
3) RSI-Price divergence.
Stop above recent high.
btc in reverse Head and Shouldersthe **reverse Head and Shoulders pattern** signals a possible bullish reversal, and if Bitcoin breaks the resistance with strong volume, it could lead to a significant upward move. The current pullback and neutral RSI suggest the market is in a wait-and-see mode, but the setup looks promising for a potential price increase. What do you think?