Get started

Momentum Indicator (MOM)

Litecoin Ready to Take a Shot at a New All Time HighLitecoin appears to be nearing the end of a bullish non-limiting triangle, however, this pattern still remains unconfirmed and could potentially break in either direction, but the upside seems a lot more likely based on momentum and also the general bullishness of cryptocurrency at the moment with BTC nearing all time high again. Also since this is a non-limiting triangle the potential targets are fairly high, and I suspect that Litecoin is in a similar position as BTC was in around mid 2016, which means Litecoin could potentially be preparing to break 55 USD and make a new all time high over the next year if this triangle confirms the continuation of the bull trend. However, IF this does end up breaking down it will be a good idea to short Litecoin into the ground because the failure of this pattern could easily mean Litecoin goes under 1 USD. Either way, its a good idea to keep an eye on this triangle to see what happens because it will likely set up a very profitable trade in either direction. I suspect that it is going to break up but my suspicions could be wrong and this could break down, so it's good to be prepared to profit from both directions. "A good traveler has no fixed plans, and is not intent on arriving." -Lao Tzu
LLong
by Intuit
37
VIRT - Possible flag or breakout Momentum trade from $18.57 VIRT seems breaking out its long term resistance forming a flag formation. On the weekly frame it seems breaking out of a downward channel. It has strong insider buying, Strong Moneyflow on weekly chart and above all moving averages supporting this Long trade. * Trade Criteria * Date first found- January 25, 2017 Pattern/Why- Flag formation, Breakout of Long-term resistance. Entry Target Criteria- Break of $18.57 Exit Target Criteria- Momentum trade Stop Loss Criteria- $16.87 (Note: Trade update is delayed here.)
NASDAQ:VIRTLong
by AcornWealthCorp
Identify Exploding Momentum QuicklyHi fellow traders, I have published a new script to assist you in trading. As day and short term traders, we need strong movement, hence, to save our time and allow us to trade only when we expect a lot of movement, I have built this script. Simple Rule : Trade when it enters green zone. That's it. Avoid trading when in red zone and preferably, blue zone too. You can find the script and further explanation when you click on the picture below. Also, you can find it in related ideas mentioned. You can use this by 2 ways : 1. Copy Paste the code on the script page in 'Pine Editor' and select 'Add to Chart'. 2. Select Indicator on your chart, and search for ADX Color Easy. Note : On the main chart of the EURUSD in this idea, I have marked the time when ADX entered the Green Zone, with vertical blue lines. Entry and Exit strategy is according to you ( you can combine this with various other strategies ), the objective of this is to instantly identify trend strength without any effort. P.S. It works best on 1H tf for me. Thanks. Glad to help.
by dravya
From strength to strengthYesterday's close >$106.75 gives breakout signal I was waiting for. Impressive turnaround since last earnings publication (stock up c. +17%): - Mr. Iger's suggested that ESPN worries might be overdone; - This gave the impulse the market was looking for. Currently positive on most time frames. Encouraging 50/200 MA cross (Golden cross). BUY here. Initial target $114 (+$6.56/share). Stop-loss $100 (-$7.44). RR 0.9x only but might improve upon further potential upside breakout above $114. Alternatively buy half position here and increase position after earnings/further breakout.
NYSE:DISLong
by HAL9000
On the verge of another breakout?If you own European Insurance, hold on to it! AXA has been breaking out repeatedly, in sequence. Very healthy sign, for a stock which has been showing momentum strength on all time frames. Non holders should look at getting long towards the bottom of the current range, at about 23.50. This should be feasible as the stock is looking slightly overbought at the current level. Alternatively, selling short-dated puts around the 23.50 level would make sense. Buying upon a close above 24.75-25.00 also makes sense to participate in the next breakout as it happens.
EURONEXT:CSLong
by HAL9000
AUDJPY Long: Potential Bullish BreakoutHappy New Year to all! We have a potential bullish setup on this pair, as a breakout through the resistance will require a substantial amount of bullish momentum. This momentum has potential to be sustained with longer targets at the pivot cluster, well beyond the 2:1 milestone. I want to ride this out to the longer targets if the break should occur, but I will be setting to B/E at 1:1 as shown. If the breakout does not occur, bearish momentum may pick up and the bias will likely be short. For now, my bias is long only until further notice. Happy trading!
Long
by glennmercer
2