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Openingrange

Intraday Opening Range Breakout Short High VolumeI am highly bullish eth but this opening range breakout short popped up from a script so I opened a small futures position on it and am watching to see if it hits my longer term .786 buying zone near 250. The original setup had a 6.45 RRR but I moved to break even around 10:20 after it had printed a rejection wick on the 1 minute chart showing it was probably not going to test higher again for a while. I am actually watching this mainly for a double bottom around 250 to get in long on the same futures account and scalp it back to the open or maybe prior high. If it comes back and hits my break even and shoots higher that's fine as well since my long term account is maxed out in long eth. The 1.618 fib for the 3 wave is near my exit level so I think it has a chance of hitting that target today even though at the moment it seems to be chopping back a bit.
by mljones
SPY Gives 2 60 cent Trades Today on OR BreakoutSPY sold off today and gave 2 opportunities at hitting the 60 cent price target. The first one was the close of the 30 minute 8 am PST candle. The second was when price failed to close back in the OR and there was a doji on the 10:30 candle. If you buy puts on SPY, you could have easily made 20% or more on each. :-) FYI, the chart on the left shows my 2 Bollinger Band strategy. The faster BB is based on a 55 period Hull Moving Average with a 0.5 band. The longer term BB is based on a 55 period Wilder Moving Average with 1.7 and 2.0 bands.
AMEX:SPYShort
by GoldBands
SPY Hits Opening Range Extension for First time in 4 DaysFor the first time in 4 days, SPY has hit the 5 minute opening range extension of the OR High + 60 cents. This is the cyan line on my custom indicator. Will SPY continue higher? I'll be watching price action plus my custom RSI Candle indicator at the bottom. As you can see, this price move up has put the RSI High above the 70 level. The Hull Moving Average on the indicator is moving up so these factors are a great indicator of upward momentum.
AMEX:SPYLong
by GoldBands
LTCUSD Go Long Off Launch Pad - JusticeWith the market trading in a narrow channel for days now, the time was ripe for a strong move. The key support of the Daily Pivot Range and Opening Range provides the bias to the upside with price holding above this support. What gives this trade even more catalyst is the narrowness of the Pivot and Opening ranges. With the new session opening with another set of narrow Pivots and Opening Range, and price holding above these levels, it is clear this is a time for Justice. That's the name I give to these less common setups that serve as launching pads for high returns and super low risk. You can get Justice from previous losses with some big moves and speedy profits. Enter the market when you see this setup at market price or an aggressive limit order to be sure you get in. When these moves occur they are fast and sharp. However, they will often pause and give another opportunity to enter in case you missed the first move. But almost always there is plenty of follow through to much higher levels and greater profit. In this case the green 'A' value line is in a good position to confirm the move by providing a signal to go long according to our entry rule of another one of our setups, called the Prudence setup, or 'A' up trade. This second confirmation is a very good reason to increase your position size because the probabilities of success are so high.
COINBASE:LTCUSD
by chris333
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