Get started

Momentum Indicator (MOM)

Leaders within Leadership (a.k.a. Fish where the Fish Are!)As breadth deteriorates across major indices, managers look to hold outlying leadership. This week it has been performance in tech and consumer discretionary holding up the S&p 500. If you drill into the top holdings of $XLK, the info tech sector, you see selling pressure in Adobe $ADBE, Salesforce $CRM, Microsoft $MSFT and others. There are only a few leaders within the leading sector. Apple Inc. $AAPL and NVIDIA Corporation $NVDA are standouts. The GoNoGo Chart above shows the trend conditions of NVIDIA Corp.'s relative strength against the tech sector $XLK. Unlike $APPl which has a choppy relative trend, $NVDA has steadily outperformed the sector. In turn $XLK has outperformed other sectors in the S&P of late. With 84% outperformance of the technology sector since the "Go" was flagged in May, NVIDIA Corporation is checking boxes for both absolute and relative performance. Note, GoNoGo Oscillator(R) is testing the zero line where we will look to find support if this trend is meant to continue. GoNoGo Squeeze(R) is beginning to build the amber grid. The longer momentum is at neutral the greater the likelihood for a high vol move in the direction of the break.
NASDAQ:NVDALong
by TylerWood2020
2
GBPUSD POTENTIAL SHORT OPPORTUNITYIt has been awhile but wanted to make a post on this trading setup coming together. It was funny because I had been long this pair from the recent structure level in hopes of a 100 pip or so movement to the upside before this drop but this drop came sooner than expected. But anticipated. SO LETS DIVE INTO THIS! 1W CHART: As you can see on the weekly timeframe price has been holding around structure levels of 1.38200 FOR MULTIPLE MONHTS NOW SINCE JULY. Most recently you can see price is breaching this structure level with a strong push of momentum. 1D CHART; On this timeframe it is showing on the daily timeframe we finally see strong seller momentum break to the downside on this currency pair. With the previous momentum of the buyers being taken out. This strong push to the downside shows that this is a good breach and that it was a good level of structure. Now it will be dependent how the pullback comes in. We want to make sure it is a weak and struggling push by the buyers into structure which will display the dominance of the seller in the GBP. 4H CHART; This chart can be used for risk levels as well as entry. Looking for weak buyer pullback back into structure (NEVER WANT TO CHASE A TRADE) and then wait for that "mini-trend" in the pullback to die out with seller momentum coming back to look for opportunity to go short again. CHEERS!
Short
by JosePips
GBPJPY 19 - 24 Sept Outlook and Trade PlanGBPJPY 19 - 24 Sept Outlook and Trade Plan Structure: Weekly closed Solid Bearish Daily Solid Bearish LH/LL 4H Bearish (First break of bullish structure) Nothing major changed from last week outlook except that we managed to close below 151 after we formed HH last week but failed to hold the bullish structure and on Friday we had formed LH on 4H after retesting the broken structure. My Trade Opportunities: If we managed to respect the broken range low and price forms resistance below 151.20, i'll be comfort for shorts below 151.00 targeting the lows created any may be continuation. If we failed to stay below 151.20 and price start holding above, i'll stand aside till we clear and hold above 153 as price failed since July to close above. News: FOMC and GBP Rate decision week. So map your news times and try not to hold trades during news time. Wishing all a good trading week! GBPJPY
by Amr_Sadek
GBPJPY 13 - 17 Sept Outlook and Trade PlanGBPJPY 13 - 17 Sept Outlook and Trade Plan Structure: Weekly closed indecision in range Daily Bullish 4H Bullish We had formed HH on Friday, and currently we are retesting last 2 weeks range. My Trade Opportunities: If we managed to respect previous week range, I'll be comfort for longs above 152.20 targeting recent highs and possible continuation. If we failed to respect previous week range low, I'll be comfort with shorts on resistance formation below 151.40 putting in consideration 151 level as a critical level to watch reactions once reached. News: GBP is having very important news on Tuesday, Wednesday and Friday. So map news time on your chart. Wishing all a good trading week! 4H Chart: GBPJPY
by Amr_Sadek
GBPJPY 30 Aug - 3 Sept Outlook and Trade PlanIt's NFP Week!! 1- Monthly structure still holding bullish and bouncing from 148.50 level. We are having 3 bearish candles since reaching year high at 156. This causing GBPJPY any up move is treated as a pullback until we have a close above 153 for the bullish momentum continuation. 2- Weekly is ranging between 148.50/153.40 with previous weeks are showing bearish structure within the range. Until we have a close above 153, GBPJPY will be bearish and any up move will be treated as pullback. Previous week was bullish but failed to close above 151.50/67 which is previous support, a close above it can give a nice push to retest 153. 3- Daily structure still bearish after reaching yearly high with LL/LH formation. Last support formed looks to be a double bottom which pushed price to retest above 151 and barely closed above it. Friday push failed to close above the recent resistance at 151.40. Until we have a daily close above the recent resistance, another push to the down side will be in play. A close above 151.40 will give a nice push to retest 152 with consideration to 151.67 the Weekly and daily support level currently acting as resistance. I’ll be looking to the following: Long: a support formation above 151.40 targeting 151.67/152 Short: A close below 150.50 will confirm the bearish momentum continuation for a retest to 150/149.50 News: Its NFP week on Friday, so expect the unexpected till Friday GBP: Wednesday and Friday will have important news JPY: Monday and Tuesday will have important news
by Amr_Sadek
GBPJPY 23-27 August Weekly outlook and Trade PlanGBPJPY 1- Monthly looking heavily bearish and the close of this monthly candle will be very important for the bullish structure as if we closed below 151 this will be a confirmation for break of structure. 2- Weekly solid bearish close 2 support levels 151.50 and 149.70 confirming bearish momentum continuation. Currently GBPJPY is at the weekly range low since March 21 which is a critical zone that price always bounce from. A close below that range will confirm that the bullish trend is over and we could be preparing for a deeper correction to the down side, also that close will lead the monthly candle to confirm break of bullish structure. On the other side, a support formation above the weekly low will be a counter trend trade opportunity for longs on anticipation that the previous rejections from the weekly low are still in play for a move to the up side that is limited to 151/151.50 for the current bearish momentum continuation. 3- Daily structure continuing the bearish momentum that was built up during every bounce from a new low created. A resistance formation below the weekly range low will be required for shorts targeting 147.40. A higher support formation above 149.65 will be required for any pullback to 151/151.50. Currently I’m looking for the following opportunities: 1- Possible longs on support formation above Weekly lows targeting 151/151.50 2- Possible shorts on resistance formation below weekly lows targeting 148.30/147.40 News: This week we have important news for GBP only on Monday by 9:30 and JPY on Wednesday and Friday. Map your news time in your daily plans. Weekly Chart: Daily Chart:
by Amr_Sadek
DIRTT Environmental Solutions 🌎 (NASDAQ: $DRTT) On High Alert DIRTT Environmental Solutions Ltd. designs, manufactures, and installs prefabricated interior solutions for use primarily in commercial spaces across various industries and businesses in the United States, Canada, internationally. Its ICE software interior construction technology provides integration and management, from design through engineering, manufacturing, and installation. The company's interior construction solutions include prefabricated, customized interior modular walls, ceilings, and floors; decorative and functional millwork; power infrastructure; network infrastructure; and pre-installed medical gas piping systems. It offers interior construction solutions through a network of independent distribution partners. It serves commercial, healthcare, education, hospitality, and other industries, as well as medical gas piping systems for healthcare. DIRTT Environmental Solutions Ltd. was incorporated in 2003 and is headquartered in Calgary, Canada.
DLong
by Bullishcharts
2
$GTT Target 4.42 for 49.83%$GTT Target 4.42 for 49.83% Or double position at 1.54 Here's another one you might want to stay away from unless you just love adrenaline 😏🤓 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
GLong
by SPYder_QQQueen_Trading
3
GBPJPY - 5-9 April Weekly Trade PlanGBPJPY Monthly: Bullish Weekly Bullish Daily: Bullish 4H: Bullish COT: GBP : Long 68% - Short 32% (Strong) JPY : Long 23% - Short 77% (Weak) Monthly: Solid bullish and with previous month close above 150.40 indicates a bullish continuation to target current monthly resistance at 155. Weekly: Solid Bullish after 22-26 March week candle tested broken resistance 148.85 and bounced with a long nice lower wick. While last week closed solid bullish above the resistance formed at 151.62. Current weekly resistance is 153.84 April 2018 weekly candle wick then 155. Daily: Strong Bullish momentum with close above previous resistance formed at 151.90 and with GBP is currently strong and JPY is weak from COT data that is already reflected on the chart, bullish momentum continuation is expected to extend further to target 155. Retracement should be contained within 151.90/151. So I've 2 Scenarios for next week as following: Scenario 1 : Looking for GJ to retrace and form a support between 152.26 and 151.84 to confirm creating a HL to extend the bullish momentum and to test highs Scenario 2 : A failure to create a support will indicate a LH is formed and we may extend the correction to test 150.68 Weekly Trade Plan 4H Chart: Daily Chart Outlook:
by Amr_Sadek
GBPJPY - 22 March - 2 April 21 Weekly Trade PlanGBPJPY This is my 29 March – 2 April 21 Week Trade Plan for GBPJPY Monthly: Solid bullish and with a close above 150.40 will open the door to test 153.84 / 154.90 but still a close above 152.62 the May/Aug 13 zone high that is holding GJ from any upside. Weekly: Solid Bullish with previous week candle tested broken resistance 148.85 and bounced with a long nice lower wick. But still minor weekly resistance formed at 151.62 will be holding any up move until a close above 152.62 Close above the weekly resistance is required for further up move but still a close above 152.62 Monthly range high will give solid confirmation Close below will indicate a top formed with rejection from M range and a correction to the up move is due Daily: Solid Bullish with support formed at 148.76 after testing 24 to 26 zone 149.63 / 148.30. A Resistance zone 151.74/151.91 to be a rejection point for any further up move. A solid close above will indicate bullish momentum continuation. So I've 2 Scenarios for next week as following: Scenario 1 : Looking for GJ to retrace and form a support between 151.63 and 149.86 to confirm creating a HL to extend the bullish momentum and to test highs Scenario 2 : A failure to create a support will indicate a LH is formed and we may test the lows created at 148.76 and may be continuation Weekly trade plan 4H Chart: Daily Analysis Chart: Weekly Analysis Chart:
by Amr_Sadek
EURNZD - 29 March - 2 April 21 Week Trade PlanEURNZD Previous Month : Bearish Previous Week : Bullish Daily : Bearish - EURNZD managed finally to break the range 1.6660/1.6520 to the upside with a solid 300 pip bullish candle which was due to NZD housing prices and Risk Off sentiment in market (NZD is a risk driven currency) reaching a solid resistance zone 1.7020/1.6980. - Currently resistance zone is a historical Sup/Res that did hold for several times. Lately acted as a solid resistance during Jan in a ranging area from 1.7020 1.6820. - COT report showing that NZD long positions are getting closed while NZD shorts are not increasing which means that this is a take profit for Long positions and still not a change in positions to Short NZD. We need more views on next 2 weeks positioning in order to have clear view on position changes. - Seasonality showing that EURNZD will reach it’s top this month and will start continuing it’s bearish trend. Which could justify the spike this month along with the COT long positions. - I’m looking for EURNZD to range between 1.7020/1.6820 after the current run from the lows created at 1.6500 which acts as a HL after the 1.6320 LL created in Feb. - Will prefer longs with support formation above 1.6700 to retest the highs created at 1.6980 and may be continuation. And shorts with resistance formation below 1.6980 to retest the broken range high at 1.6660/1.6620 - Building Permits on Tuesday and Consumer Confidence on Thursday may give some move during Asian Session but not trend changer. Weekly Trade Plan 4H Chart:
by Amr_Sadek
ADDED to $AREC yesterday Target 7.31 for 27.43% ADDED to $AREC yesterday Target 7.31 for 27.43% Or next add level is pretty close at 4.18 Huge Range on this one, haha. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NASDAQ:ARECLong
by SPYder_QQQueen_Trading
25