Parabolic Stop and Reverse (PSAR)
USDJPY SHORT 120I have used pivot point analysis primarily combined with fib to notice a reversal that may take place. Price has lined up well with R2 and my weekly resistance which is also 0.5 fib resistance! Using the RSI, I have also seen that USD has been overbought which signals a reversal. I will now move down to the 1 hour chart to get pin point entry and ride this trade back down to the pivot point. For more confirmation, I have added Parabolic SAR to tell if this may just be a retracement.
Sell signal on AUS200 using the Parabolic SAR strategyGoing back to the basics on this trading idea.
Suppose you have an AUS200 long position, it is a good time to sell it now, as shown by the Parabolic SAR indicator.
As for me, I'm taking a short position at the break of last session's low.
Short at 5659.
Stop loss at 5724.7.
Target profit at 5500 (2.44x reward-to-risk ratio).
Good luck!
Bullish on Gold $XAUUSDMy intraday setup for $GOLD. Technical analysis: I used the indicators ichimoku kinko hyo and parabolic SAR using the 15min chart. The tenken sen, kijun sen and chikou sen are all indicating Bullish and price is obviously above the kumo cloud in this time frame. Looks as if this commodity is tired of the beating it has been taking for weeks now. For now it looks to be in a period of consolidation. I remain long, but do expect volatility. (Stop losses and Targets may be adjusted accordingly) GLTA!
Trading with the Trend, $NYXNyx Gaming Group has just had a 46% price increase in the past two weeks up until its peak. Price is now very overbought and as stated on the chart there are several bearish indications of why this is a good short sale. Also as you can see on the chart, price recently bouced back from the top lin reg line as it did a couple months ago. Price target is middle lin reg line.
Trading with the Trend, $APH$APH, Aphria Inc. has been uptrending for months now. Using the lin reg lines you can see that it has bounced off of the top and has recovered using the mid line as a support. As stated on the chart there are several bullish indications and Im looking for a price target somewhere along the top lin reg line (green rectangle on chart).
Trade valid until price closes below mid lin reg line.
ANF Following Linear Regression ChannelAnfield Nickel Corp looks to be at a great price to buy. Looking at the linear regression channel, you can see it is trading near the bottom of it with several indicators showing price will soon begin to move upwards with the channel. Firstly the MACD is about to crossover to a bullish signal, Then the WaveTrend Oscillator is showing price oversold with a slight curve beginning to move up, and lastly the Parabolic SAR is showing the end of a downtrend.
Horizontal Channel Short, MYCCPrice has bounced off of resistance on the horizontal channel and is on the move down. DMI showing bearish trend, MACD sell signal, 13 Day MA about to cross 9 Day MA, Parabolic SAR about to show sell signal. Volume has also gone down by a large amount. Price targer around $13.24, then will reshort if the trend breaks the middle support.