Darvas Box Strategy - Breakout StockDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss best suitable for swing trading.
Target and Stop loss Shown on Chart. As stop loss is Big we keep Initial Target Ratio 1:2.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
Moving Averages
Darvas Box Strategy - Breakout StockDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out buy missed by one day. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss best suitable for swing trading.
Target and Stop loss Shown on Chart. Risk to reward Ratio / Target - 1:2.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
Fractal Proximity and MA Confirmation + Partial Exit StrategyFractal Analysis
Fractals in trading help identify potential reversal points by marking significant price changes. Our strategy calculates a "fractal value" by comparing the current price to recent high and low fractal points. This is done by evaluating the sum of distances from the current closing price to the recent highs and lows. A positive fractal value suggests proximity to recent lows, hinting at upward momentum. Conversely, a negative value indicates closeness to recent highs, signaling potential downward movement.
Moving Averages for Confirmation
We use a series of 20 moving averages ranging from 5 to 100 to confirm trend directions indicated by fractal analysis. An entry signal is considered bullish when shorter-term moving averages are all above a long-term moving average, aligning with a positive fractal value.
Exit Strategy
The strategy employs dynamic stop-loss levels set at various moving averages, allowing for partial exits when the price crosses below specific thresholds. This helps manage the trade by locking in profits gradually. A full exit might be triggered by strong reversal signals suggested by both fractal values and moving average trends.
This open-source strategy is available for the community to test, adapt, and utilize. Your feedback and modifications are welcome as we refine the approach based on collective user experiences.
IMG LongIMG entry for a run to the 382, been looking at gold miners with the Gold price rallying, haven't been able to find one which is not highly over extended. Having said this I may suffer a SL run here if the Gold price pulls back. Usual SL management of moving weekly behind HK candles. Will take partial profit in 3 stages and try to run remainder to the 50% retrace.
BTC getting Triple SqueezedOverlaying Micro and Macro time frames =
"Rare Triple Price Channel Squeeze" coming up before Friday the 13th, September 2024.
Don't Be Scared!
*BTC been in its main, slightly descending parallel channel
(Gold Lines) since its last peak end of July.
*Also moving up in a slight Ascending Channel (Green Lines)
*At the same time it's also in a Descending Wedge (Blue Lines)
Sort of crazy for all 3 to be currently occurring all at the same time.
Bullish outcome could be a push back up to next Fibonacci near $69K or a very possible bearish move back down to Fib level at $49K.
We shall all know the answer in less than 10 days!!
50 SMA Rising - Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
It 50 SMA Rising. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
Gold forecast: What now for gold after scoring 7 monthly gain?I expect gold to rise further and continue to attract buying activity on any dips. One reason is that the overall trend remains bullish, which should deter bearish speculators from acting too forcefully unless there are clear signs of a reversal.
Gold finished higher for the 7th consecutive month in August, meaning that the precious metal is now up a solid 21% year-to-date. Will it be able to rise further in September or take a breather? The gold forecast will now depend at least partly on incoming US data and interest rate expectations. I continue to maintain a bullish view on the metal thanks to a favourable macro backdrop and its steady-as-she-goes price action.
Gold forecast: Can XAU/USD continue rising?
I expect gold to rise further and continue to attract buying activity on any dips. One reason is that the overall trend remains bullish, which should deter bearish speculators from acting too forcefully unless there are clear signs of a reversal. Additionally, there are few fundamental reasons to short sell gold at the moment. In fact, some argue that gold is still undervalued, considering the significant devaluation and loss of purchasing power of fiat currencies worldwide due to high inflation, which remains persistent in some regions. While disinflation is evident in the US and other areas, it's not the same as deflation. Prices are still increasing, just not as rapidly as before. Demand for gold as an inflation hedge should continue to offer support. Moreover, the sharp decline in bond yields in the last couple of months, driven by expectations of rate cuts by the Federal Reserve, is likely to benefit low or zero-yield assets like gold. As long as we don’t see a reversal in the that trend, lower yields should argue against a sustained period of weakness for gold and silver.
Dollar in focus ahead of busy week
The US dollar is facing a key test this week with the release of several market moving data releases, including the August jobs report.
Following today's US Labor Day holiday, the US data schedule becomes busier, featuring ISM manufacturing data on Tuesday, JOLTS job openings on Wednesday, ADP employment data, jobless claims, and ISM services on Thursday, and culminating with the key event of the week, the August jobs report on Friday.
Out of all of these data releases this week, the nonfarm jobs report should be a key determinant of whether the dollar’s two-month dollar bear trend extends or whether range bound price action will return.
Gold bulls will need to a weaker number to send the metal sharply higher. But if the consensus is correct regarding Friday's jobs report, which predicts 165,000 job gains and a decrease in the unemployment rate to 4.2% from 4.3%, then the market will likely solidify expectations for a 25-basis point rate cut to start the Fed's easing cycle on September 18. In this scenario, I would expect to see a modest weaker reaction in gold at least.
However, if payrolls only increase slightly, say by around 100,000 or so, with the unemployment rate potentially rising too, then in this scenario, the dollar could resume lower, sending gold sharply higher as expectations shift back toward a 50-basis point Fed rate cut in September.
China concerns linger
Meanwhile we have had some mixed PMI readings from China’s manufacturing sector in the last couple of days, leaving investors guessing about the health of the world’s second largest economy. While the official manufacturing PMI fell further into contraction at 49.1 in August from 49.4 in July, the Caixin PMI improved to 50.4 from 49.8 the month before. Meanwhile, the official non-manufacturing PMI ticked up to 50.3, suggesting that perhaps the Chinese economy may have bottomed out.
We will need to see further evidence of a Chinese recovery. If so, this will help raise hopes that elevated demand from the world’s top gold consumer nation can sustain precious metals prices at these levels or even push them higher.
Gold forecast: technical analysis and trade ideas
The steady grind higher is precisely what the bulls would like to see, keeping the technical gold forecast bullish. Shallow dips, higher highs, higher lows are characteristics of strong bullish trends.
So, the trend is clearly bullish and will remain that way until we see a lower low form. Dips are likely to find support around broken levels such as around the old record high from July at $2483, where we also have the 21-day exponential moving average converging. The bullish trend line that has been in place since February, comes in around $2450, representing another short-term support level to watch.
On the upside, there is only one prior reference point to watch given that the metal is trading near its all-time high. And that level is the all-time high itself, hit last month at $2531.
-- Written by Fawad Razaqzada, Market Analyst
50 SMA Rising - Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
It 50 SMA Rising. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
4hr BITCOIN mean reversion rejection - Leave the rest for laterIn #Bitcoin's 4-hour chart scenario, we reject the EMA50 we are currently at and take the low at $56k in the next couple of days. We get a lot of economic data in the next few days until Friday, which could strengthen the US dollar and lead Bitcoin into a sell-off. Chart-wise, it looks like a rejection of the 4hr EMA50. The first target would be $56k and if things look really ugly, we should also consider $51k as a possible target.
50 SMA Rising - Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
It 50 SMA Rising. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
INDIAGLYCOLS INSIGHT
1. Trend and Moving Averages:
- Short-Term Trend: The 9-day SMA is currently above the 21-day SMA, indicating a strong short-term uptrend. This alignment shows that the stock has been gaining momentum in the recent past.
- Price Position : The stock price is trading above both the 9-day and 21-day SMAs, which confirms the ongoing bullish momentum. These SMAs could act as dynamic support levels.
2. Price Action:
- Consolidation: After a strong rally, the stock has entered a consolidation phase near its recent highs. This is a healthy sign after a significant upward move, as it suggests the stock might be gathering strength for the next leg up.
- Resistance Level: The stock is facing resistance around ₹1,401, as shown by multiple attempts to break through this level without success. A breakout above this level, especially with strong volume, could signal a continuation of the uptrend.
3. Support and Resistance:
- Support Levels : The 9-day SMA (currently below the price) and the 21-day SMA are crucial support levels. If the price pulls back, these moving averages could provide buying opportunities.
- Key Support Area : The previous resistance around ₹965, which has now turned into support, remains a critical level. If the stock drops below the SMAs, this area could act as a strong support.
4. Volume Analysis :
- Volume During Breakouts: There were significant spikes in volume during the breakout from the base around ₹965. This indicates strong buying interest and institutional participation.
- Current Volume : During the recent consolidation phase, the volume has decreased, which is typical. However, for the next move (either a breakout or breakdown), watch the volume closely. A breakout with high volume would be more convincing.
5. Potential Scenarios :
- Bullish Scenario : If the stock price remains above the 9-day SMA and eventually breaks out above the resistance at ₹1,401 with strong volume, it could continue its uptrend. This would be a signal to consider entering or adding to a long position.
- Bearish Scenario : If the stock price falls below the 21-day SMA, it could indicate a deeper correction or consolidation phase. In this case, the next support to watch would be around ₹965.
6. Strategy Consideration:
- Entry Point: A potential entry could be considered on a breakout above ₹1,401, ideally with an increase in volume to confirm the move.
- Stop-Loss : A prudent stop-loss could be set just below the 21-day SMA or the previous support around ₹965, depending on your risk tolerance.
Final Thoughts:
- The stock is in a strong uptrend with healthy consolidation near recent highs. The 9-day and 21-day SMAs are in a bullish alignment, and the stock's ability to stay above these moving averages will be key to determining the next move. Watch for a breakout above ₹1,401 with strong volume for a potential continuation of the uptrend.
Darvas Box Strategy - Breakout StockDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. As Stop loss is Big, Risk to Reward Ratio/ Target Ratio 1:1.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
SOL Bottom BINANCE:SOLUSDT
Based purely off technicals SOL looks to be bottomed or very close to one.
130 support
126 previous year (2023) high
Solana bottomed after 8 straight down days on Aug 5th and has experienced the same just now
Anytime Sol has suffered 5+ straight down days it has typically marked a local bottom or THE bottom
12H, 50 period MA speed showing a bottom
Vertical blue lines marking extreme down days exhaustion.
This MA speed (50 period on 12H) is a interesting RSI alternative and we are at the bottom bidding zone.
- - -
Right now Sol is heavily shorted yet price has simply come back to previous major support zone.
There lies liquidity (Longs SL's) below the 110 wick from Aug 5th but hard to know if it wants to get left alone or retested. Lots of Liquidity is at 141, 146, and 164.
Solana Breakpoint coming up on Sep 20th and will pique interest. Perhaps its a sell the news if we see any sort of rally in SOL.
Key economic data coming early this month along with the start of rate cuts are key to watch.
I will be looking for some bids soon but could take a while for any sort of major movement. All I see is a decent RR area right here.
AVGO may confirm the daily 10 SMA this week.NASDAQ:AVGO is on watch to confirm the daily 10 SMA ahead of its earnings this week, which are on Thursday at 4:15 PM EDT. Many names in the NASDAQ:NDX are heading into this week just below the daily 10 SMA, including NASDAQ:META NASDAQ:TSLA and the semiconductor ETF NASDAQ:SMH
If these names are able to build above Friday's high, they have space to trade up to the next daily supply.
AUD/USD continues the downtrendOn AUD/USD , it's nice to see a strong sell-off from the price of 0.67970. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area are my main reasons for this short trade.
Happy trading,
Dale
$SPY August 9, 2024AMEX:SPY August 9, 2024
15 Minutes.
Short was wrong. I was concentrating on Diversion. Missed the fact that my stochastic green bar line was on top. Meaning it was bought on pullback.
So, trade was closed.
I will consider the last rise 557.1 to 564.20. Will enter at retracement 560 levels for long.
But first hurdle is 565.
IPAR Inter Parfums, Long oppertunity (Long term) By Leo Hanhart Writer statment, please boost and comment and help more people
After publishing 25 idea's the past month almost all long idea's have been profitable <95%. With 10 years of passion put into the knowledge that is integrating these stock picks is been a pleasure to help you out with idea's. My portfolio tracker gives me a current expected return of 165% in one year, with a 1x leverage including fees. That's something I'm very proud of.
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Macro - strategic
This stock is rapidly growing in the US market, which is a very good strategic accomplishment that clears the road to becoming a global player. This is not priced in yet, but with an average PR of 28, the market is confident that it will work out.
- This company's performance is driven by good sales execution, and consumer spending, and with the upcoming interest rate cuts I see it happen that the growth will only continue, accelerate, and even cause surprises in the upcoming time. Sales is just a matter of extrapolating the previous efforts.
- From a trader's point of view, this a stock you want to have in times of economic boom's. I think all equity traders will consider this stock and with a 1y growth of +15% and 5Y of +10% it will only rally.
Fundamental
- As mentioned above, high growth outlook, good earnings growth, company good, strategy execution.
- Perfect increase of Income or equity such as book value. We see low depts, great extension. It's just good looking from my knowledge.
Technical
- Stock broke true the 20MA and clearly gains momentum.
- There is a good Risk Reward setup 1/2RR until the coming M2-High, and 1/6 on the 6M high.
Bear and bull scenario for today (MONDAY)We recovered the wick from Sunday with the move lower just before the close of the weekly candle. I could see some mean reversion here on the table and a possible break or rejection near the daily open (offset) at $58.4k. Like always $58k region is key. A possible rejection can happen at the psychological low at $58.2k. Right now we are still in the range of $58k - $61k. London Session starts in 8 min and will start the day. Let's go. Trade safe!