$NEO$ LONG trade! INSIDERS with you!Hi traders,
today is Friday and there is little time left to finally start the weekend - free time, cool...
BUT not for a swing trader, haha.
If you are a long-term trader you have to spend many hours during the weekend in front of a computer. You have to pick the best stocks with the highest possibility of a move and create the watchlist for the next week . And that´s work, I do every week.
And what am I looking for? Fundamentals, INSIDERS - big changes in their behavior...
I would like to share yesterday´s trade in the NASDAQ:NEO market, where INSIDERS believe in a continuation LONG move. = VERY STRONG PATTERN
Entry point: 28.57
Stop-loss: 25.66
Profit target: 34.39
Have a nice weekend!
Jakub
FINEIGHT
Marketprofile
ALKS - INSIDERS SHORT sign + SPY WEAKNESSHi traders,
I am going to share yesterday's trade with you, that we opened in our accounts. It was a SHORT in a market that is in a pretty nice downtrend.
You will probably have a question - Why do you open short trade in this falling market?
Because INSIDERS increase their SHORT positions - and that´s a SHORT sign ! Trading with them is much easier than against them.
In the video, I focus on the volume profile too, and how to use SPY for the confirmation.
Trade parameters ( NASDAQ:ALKS ):
Direction: Short
Entry: 15.90
Stop-loss: 18.44
Profit target: 10.79
Good trading!
Jakub
FINEIGHT
Very "old" trend-line in Starbucks - **IT WORKS**Good morning traders,
Starbucks NASDAQ:SBUX hit a very strong Trend-line. We connected two points that are several years away and it's really interesting because it really stopped the market!
This analysis contains not only a description of the current situation but is also partly EDUCATIONAL.
The video content is as follows:
1. Market Profile (PinBar)
2. Volume Profile
3. Value Area
4. Trend-lines
5. Gaps
6. Zone trading
We combine these points to create the whole picture.
In the future, we plan to set up an alert manager for this type of trades so we can share it faster.
Have good trading,
FINEIGHT team
GOOGLE long trade - (do not) rush into itHello traders,
another good opportunity in the stock market - and that is GOOGLE. ( NASDAQ:GOOG , NASDAQ:GOOGL )
We see strong patterns and support levels there. But do not rush into it! Why?
Because we have to w8 for the confirmation! The market spent too much time below the VERY strong trend-line, which means we don't know if it is valid Support or not.
Have good trading.
FINEIGHT team
Facebook STRONG SUPPORT level & How to see the structureHello traders,
very strong support level raises our chances for a profitable LONG trade in the FACEBOOK market. NASDAQ:FB
If you connect these points together, you will get the whole picture, what's happening in Facebook:
PINBAR
TRENDLINE
POINT OF CONTROL
ZONE
VALUE AREA
TRADING RANGE
During this rough time it is difficult to follow the trading plan. BUT this ability separates winners and losers . Remember that! :)
Good trading.
FINEIGHT team
Too many SUPPORT levels for AAPL - possible HOMERUN?Hello traders,
many support lvls in the NASDAQ:AAPL market raises confidence to enter LONG trades.
We analyze the graph using very sophisticated tools - Market profile, Volume profile and well-known and typical Price Action.
BUT! Even if we analyze everything beautifully, it does not mean that it will work out. Keep in mind that coronavirus causes panic and illogical behavior.
Good trading guys.
FINEIGHT team
EUR/GBP: Intraday Analysis With Volume Profile 📉Today, I will focus on the intraday analysis of the EUR/GBP. What caught my eye here was a rotation from which a strong sell-off started yesterday.
Why it caught my eye? Because in a rotation, heavy volumes are usually traded (accumulated). Big trading institutions need a rotation to accumulate their big trading positions. They need time and liquidity. The rotation takes some time so that suits them. When a price rotates then it also means that the market found its fair price (fair value) – at least temporarily. And this means traders are willing to buy and sell there = there is liquidity.
When there is a sell-off after such a rotation, then it indicates that the big guys (institutions) were building up their positions in that rotation. They were doing so unnoticed and without their intentions being revealed. After that, they started manipulating the price aggressively (with market orders) to start a trend.
Volume Profile analysis
When I see a rotation from which a trend starts, then I look into that rotation using my Flexible Volume Profile. I look for a place where the volumes were the heaviest because this is the place where the big guys placed most of their positions. This is an important place, because when the price makes a pullback into this area again, then it is likely that those big guys will start defending their positions.
How will they defend them? They will start to sell aggressively again to push the price downwards. And that’s what I want to see. That’s what I want to participate in!
So, what I do is that I wait for the pullback and then enter a short from the place where they accumulated most of their positions. In this case, it is 0.8933. This is currently the strong intraday resistance on EUR/GBP.
I hope you guys liked today’s intraday analysis. Let me know what you think in the comments below!
Stay safe and happy trading!
-Dale
CAD/JPY GAP 💡Now this is a different story! There was a 160 pip opening gap on the CAD/JPY! The price haven’t even get close to closing it. The volatility is pretty big here. This means the gap could get filled shortly. I would not be surprised if it got filled today or tomorrow.
It does not matter too much when it will get closed though. The thing which I find interesting here is the heavy Volume Cluster which got created before the gap (Volume Cluster with the heaviest volumes at 78.51).
According to the gap trading strategy this Volume Cluster should work as a strong resistance and when the price closes the gap and hits it, then it should react to it and go downwards again.
Adjusting to a bigger volatility
When the volatility rises to such extent like now then it is necessary to adjust to such market conditions. If you were used to trading with 10 pip Stop Loss then now when the volatility rose you should widen your SL (and TP).
In most of the cases I like to stick to my fixed Stop Loss and Take Profit pip values but when volatility changes as drastically as now then I adjust it. At least for a few days until all gets back to normal again.
I hope you guys liked this article. Let me know what you think in the comments below! And remember to trade carefully especially in conditions like these.
Happy trading!
-Dale
GOLD – Intraday Trading Analysis With Volume ProfileThe previous week I wrote about the importance of the big picture analysis. I did a long – term analysis on Gold using Weekly charts and Volume Profile.
Now, I would like to zoom in a bit and analyze Gold on a much lower time frame (30 Minute). This will point us to intraday supports/resistances which are currently there.
Price Action analysis
Let’s first start with simple Price Action. Currently, there is an uptrend on Gold. When there is a trend development like this, then I like to use my Flexible Volume Profile on the trend area. My goal is to see significant Volume Clusters which got accumulated in the trend.
Volume Clusters
What does a Volume Cluster in a trend mean?
Volume Cluster is an area, with heavy volumes. You should be able to spot them easily with Volume Profile. They should be visible on first sight. Nice and clean, that’s what we are looking for.
When there is a Volume Cluster (or more of them) created in a trend, then it means that heavy volumes got traded there.
In this case, there is an uptrend. Volume Cluster in an uptrend means this:
Buyers are pushing the price upwards and there are places, where those buyers were adding massively to their buying positions (that’s where we see Volume Clusters). Then they drive the price even higher.
GOLD: Intraday Supports
In the picture you can clearly see three significant Volume Clusters. Those were areas where buyers were entering most of their buying positions.
What will happen when the price turns and makes it back to those three areas?
Chances are, that those buyers who were building up their buying positions there will become active again. They will try and defend those areas (defend their positions), and they will try to push the price upwards from those areas.
This is why those three Volume Clusters should work as significant (intraday) supports.
Does it matter when the price makes the pullback to those levels?
Well, in my experience markets have really good memory. So it does not matter that much.
Those three Volume Clusters should be strong Supports even after few weeks after they got formed!
I hope you guys liked my intraday analysis.
Please let me know what you think in the comment section below!
Happy trading!
-Dale
Trading Volume Clusters on ES (S&P 500 Futures)Quite a lot of people like trading indices using the Volume Profile tool.
In my experience, the Volume Profile works fantastic with indices. In fact, I am also planning to add ES (SP 500 futures) to the levels which I publish daily for members of my Trading course.
So, today, I would like to have a closer look at the ES and show you my intraday trade analysis using Volume Profile there.
Let’s look for some Volume Clusters!
There was a strong buying activity on Monday and buyers were pushing the price upwards.
When I see an intraday uptrend like this, then I start to look for significant Volume Clusters formed within the uptrend.
Such Volume Clusters point to places, where the buyers who are pushing the price upwards were adding to their buying positions.
Volume cluster
As you can see, the volumes in this Volume Cluster are really nicely visible and the level is very clear and easy to see.
Most of the buyers from this uptrend were adding to their positions at this place.
What I expect now is that when the price makes it back to this level again sometime in the future, those buyers will become active again and they will start pushing the price upwards again.
This does not need to happen today or tomorrow, not even this week! Markets have good memory, so even if this level gets hit in 2-3 weeks I will still believe in a buying reaction from there.
I hope you guys liked the analysis. Feel free to leave a comment below.
Happy trading!
-Dale
Mt.BFX - BTC Efficiency Model - Parabolas & TrendsFocus on the green areas.
Break of the orange parabola and longer term trendline takes price to lower inefficient prices .
This idea is a perma-bull idea considering the longer term, the green areas are generally prices which are desirable for bounces/accumulation.
$DXY for more stronger moveUS stock market fell on Friday 24th Jan. Gold hardly to claim up. Those behavior may fuel the $USD currency ( $DXY) to go higher. my 1st target is 98.40/50 area, and possibly it may go higher after the test. The down slope (dashed blue) is only reflection line from previous down move action. It mean nothing for me right now. i just want to see the sellers will do more short covering when price move away from the upper down slope, or I might see the new money selling and bring the chart back into bearish move.
Right now, I am bullish in #USD #DXY
Analise Dolar futuro para 24/01/2020Retração do mercado de hoje abriu na VPOC de ontem, testou um ponto de resistência e desceu, formando uma em formato "P" no market profile, rejeitando assim a região de valor de ontem.
O mercado hoje definiu como área de valor entre 4.164 e 4.175, sendo 4.171 a VPOC.
Sendo assim, se o mercado abrir fora da área de valor de hoje, há chances de termos um Open Drive, ou seja, um grande fluxo na abertura, na direção da área de valor.
Temos também uma linha de tendência de timeframes mais altos, dando suporte ao mercado, sendo que hoje testamos tal suporte.
Temos então 3 cenários.
1) O mercado aceita este suporte e move para uma região de valor mais alto
2) O mercado aceita o suporte mas também a resistência que encontramos dias atrás e fica mais lateralizado
3) O mercado continua na tendência de baixa dos últimos dias, fura o suporte e move para uma área de valor mais baixa.
Lembrando que amanhã também temos algumas noticias de mercado importantes que podem impactar no nosso dolar aqui, então fique de olho.
EUR/USD: Strong Sellers at 1.1111 - Volume Profile analysisThere was a strong downtrend on EUR/USD on Friday. I used Volume Profile to identify the most significant volumes within this downtrend. From that, I was able to find strong resistance at 1.1111. Check out the video to see how exactly I did this!
USDCAD ideasHere is how i thiking about USDCAD right now.
There is nice consolidation with continue move down..
In the middle of this consolidation in price 1.32320 i placed my short 1 level.
However it looks like that around price 1.31644 is another one good short levels.
But first i need another confirmation and i want see the price to go more down.
Happy trading
Dale
XAUSUD is about to make important decision Gold is having problem to move above 1480 , price stacked at this level for very long time. Meaning 1480 become value acceptance for buyerS and sellers. Here is a tug of war for Buyers and Sellers.
Let see what happen last week;
Gold had aggressive buyer from 1457-60 area, then .... rejected above 1480, and fast liquidation back to 1460 area again. But the next day, buyer keep buying it at that level with heavy volume... and where is it now ? Stacked at 1480 area, again. What is going on there ? Well, sellers and buyers come In the same place. Ideally this will break above 1480 and make a change. But.. Any failure will cause Fast liquidation and may meet 1450 low.
So .. I wait for longer term move. But if I trade for day trade, I will try small buying at 1474-75 area. But we still can’t see for further move decision.
Another Volume accumulationAnother Strong volume cluster after sell off....
In monday i predicted reaction for short in previous post... But i did not except this BRUTAL sell off..
For that reason i want trade only in short side...
For now i wainting for pull back to this volume cluster..
Happy trading
Dale
BTC Weekly Time Frame Grand View SnapshotAfter taking a full analysis of like directions and considering all the different trigger points with regard to the Simple Moving Averages and the overall market sentiment; This chart clearly displays solid data that is conditional to whichever direction the market decides to take. At current, it appears that if BTC is in a strong down trend headed toward the 6k region and possibly below.