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Pullbacktrade

Long on POR on PullbackPOR has been trending in the upwards direction for quite a while now. It appears to have some excellent volume support on the way up. Where as downward moves result in a reduction in volume. POR has been respecting the 20 EMA for quite sometime and formed a bullish candle today a with the lows at the 20 EMA. POR also has a zacks rank of 2 (buy) which is a good enough rank for a swing trade. It has beaten earnings estimates over the last 4 quarters. It also has a cool 3.14% dividend yield which isn't too bad for some our longer term holders. POR has an ATR of 0.67 at this time which means it wont be making any drastic moves unless something big happens. I will stay in for a couple days to a couple weeks.
NYSE:PORLong
by GoranTrader
AUDUSD : Prepare for POSSIBLE SHORT-1500+ plus PIPS Movement!This is a Re-post-As 1st Chart the Short (SL & TP) Position was put in reversed. Actutal Trade is done vis OANDA account - FYI We make analyse from Price Action / Price Pattern , S/R lines & Trend Lines EXPECTING a BIG PRICE Movement Down..IF analyse is on target !! > 1. For AUDUSD approaching Trendline S/R formed since 2002. Remember TRADING is never 100% accurate.. >2. With analytics, we however FAVOUR a Break downwards of 1500+ PIPS to the low of 2012 zone . ENTRY will be via H4 / H1 – viz Pull Back BAR OR P RICE ACTION Confirmation ( Bear BAR etc!) >3. OBSERVE PRICE ACTION !!. Do a Counter Trend IF Market shows otherwise !! A: SUMMARY – We will be preparing for a SHORT position ONCE PRICE breaks ZONE of 0.7160 to 0.70170. TARGET TP is a Possible 1500+ PIPS Move @ 0.5510 MONTHLY Chart : Down TREND / WEDGE . Price Heading towards 2002 S/R Line > See CHART : WEEKLY Chart : Price BREAKING Congestion that was in place for last 8 weeks. Now PRICE is also at/near Weekly S/R !! > See CHART : B: This Coming/Next WEEK Analysis: - GET ready, position for a SHORT when PRICE breaks ZONE of 0.7160 to 0.70170. Then RIDE the SHORT Position for a BIG GAIN approx. 1,500+ POSSIBLE PIPS PRICE ACTION to TP target can take 4-7 months. SO RIDE OUT !! 1- ENTRY via PRICE ACTION watch . Viz H4 entry pull back to Support/TREND line. 2- OR Strong Price ACTION Signal , Big Bear Candle etc.. BE Nimble, as it might not reverse to Support-Trend line Before Trending down !! LETS have a GOOD SHORT AUDUSD -0.84% . TARGET Profit 1,5000+ PIPS RUN !! 3- 2nd POSSIBLE TP TARGET IF TREND HOLDS is at @ 0.5510 CHEERS .. Stay Nimble-TRADE SAFE !! Let the Market Do, WHAT’S It suppose to do !! Act & Trigger as and when Market Dictate, ie your SHORT ENTRY !!
by jeffreyysl
AUDUSD : Prepare for POSSIBLE SHORT-1500+ plus PIPS Movement lWe make analyse from Price Action / Price Pattern , S/R lines & Trend Lines EXPECTING a BIG PRICE Movement Down..IF analyse is on target !! >1. For AUDUSD approaching Trendline S/R formed since 2002 . Remember TRADING is never 100% accurate.. >2. With analytics , we however FAVOUR a Break downwards of 1500+ PIPS to the low of 2012 zone . ENTRY will be via H4 / H1 – viz Pull BAR OR PRICE ACTION Confirmation ( Bear BAR etc!) >3. OBSERVE PRICE ACTION !!. Do a Counter Trend IF Market shows otherwise !! A: SUMMARY – We will be preparing for a SHORT position ONCE PRICE breaks ZONE of 0.7160 to 0.70170. TARGET TP is a Possible 1500+ PIPS Move @ 0.5510 MONTHLY Chart : Down TREND / WEDGE . Price Heading towards 2002 S/R Line > See CHART : WEEKLY Chart : Price BREAKING Congestion that was in place for last 8 weeks. Now PRICE is also at/near Weekly S/R !! > See CHART : B: This Coming/Next WEEK Analysis: - GET ready, position for a SHORT whenPRICE breaks ZONE of 0.7160 to 0.70170. RIDE the SHORT Position for a BIG GAIN approx. 1,500+ POSSIBLE PIPS PRICE ACTION to TP target can take 4-7 months. SO RIDE OUT !! 1- ENTRY via PRICE ACTION watch. Viz H4 entry pull back to Support/TREND line. 2- OR Strong Price ACTION Signal , Big Bear Candle etc.. BE Nimble, as it might not reverse to Support-Trend line Before Trending down !! LETS have a GOOD SHORT AUDUSD . TARGET Profit 1,5000+ PIPS RUN !! 3-2nd POSSIBLE TP TARGET IF TREND HOLDS is at @ 0.5510 CHEERS .. Stay Nimble-TRADE SAFE !! Let the Market Do, WHAT’S It suppose to do !! Act & Trigger as and when Market Dictate, ie your SHORT ENTRY !!
by jeffreyysl
DXY - TRADING THE PULLBACKThe skill of technical analysis can be used on any market and on any timeframe and today i wanted to show you an example of this on the US Dollar Index Recently the DXY has violated a previous level of structure breaking to the upside. As we begin to get some dollar relief we're seeing a retracement back into the level of the initial breakout. For those looking to get long this is the perfect opportunity to start looking for opportunities. A hold of the 94 level would be ideal, but as long as we don't violate 93.20's I'll be holding on to my bullish bias.
TVC:DXYLong
by Akil_Stokes
9
EURJPY 4hr - Double Bottom Now Moving Up To Previous StructureAfter a fantastic day of trading yesterday, we're looking to have the potential for another today as I have 6 out of the 9 pairs in my trading portfolio on my watchlist. On the EURJPY chart above, we've just completed a double bottom pattern and my next projection for price is a move up to the 128.50-1.2950 level where we see our previous structure resistance. If you didn't catch the double bottom there are still a few ways to involve yourself in this opportunity, one being a retest of that double bottom, which is something we often call a 2618. I'm excited to see so much action as we creep into the dog days of summer, and with a new kid on the way any day now, i'm excited for life in general. As always i wish you guys a great trading week! And remember this IS NOT a trading signal simply my view of the market. Akil P.S. - Man U Fans .... What the heck is going on?
Long
by Akil_Stokes
18
Buy HLX on the pullbackI bought this on today's close. This stock is in nice uptrend and recently experienced a nice pullback to the 50% Fibonacci retracement level. It is also consolidating very nicely at this level. There was also a nice increase in volume today to support the move. I could have waited for a bullish conformation but all other factors are good so I entered early for a better risk reward ratio. There is also some previous significance at this price level as I have highlighted in yellow. HLX was also recently upgraded by Zacks.com to rank 1 strong buy. My Risk reward on this trade is 1 to 2 on first profit taker and 1 to 3 on second profit taker.
NYSE:HLXLong
by GoranTrader
US majors setup for a 2.5~3% pullback. Be prepared!Get ready for it. I might be 2~5 days early, but I don't think so. Get ready for a 2.5~3% pullback in the markets and get ready for the VIX to shoot higher over the next few weeks. Support exists in the market that will hold for another leg higher - but this is likely a top setup that is about to exhaust itself and collapse about 3% (targeting support) before attempting another rally. The US market has legs to move higher, but this extended run, recently, has exhausted itself. Smart traders will pull profits here and prepare for a mild pullback. When this move happens, it might freak a few people out thinking a major top is setting up, but I don't see it that way. I see this as rotation into support for a further leg higher. It might be news driven or it might be technical driven. All I know is that I believe we are days away from a decent (3%) correction and I'm alerting you now. Follow me to stay informed and like my posts if you agree with me. Protect your longs. Be prepared for this move.
AMEX:SPYShort
by BradMatheny
1
Bitcoin Pulls Back - Time to Buy the DipFrom 24 June to 24 July, the Bitcoin price increased by almost 50%. That's an impressive move in anyone's books, so it was always likely that the bulls would need to take a breather at some point. Personally, I expected this to come around $7500 mark, but instead the price broke through this level to trade as high as $8500. This move through $7500 was also a break of a head and shoulders pattern as illustrated in the graph with the neckline in pink. However, this initial impulsive move soon ran out of steam and after some sideways action we saw a sharp sell-off back to $7500. As can be seen $7500 is a key level - it was broken after being tested a couple times on the way up and now I expect it to act as support on the way down. Reasons to believe that $7500 will hold as support: - Blue line is a long term trendline which was broken and now acts a support - Pink line is the head & shoulders neckline extended which now acts as support - The 0.382 Fibonacci level is a high probability turning point for a short term correction in a bull run - The RSI is oversold on the 4 hour chart (red circle) indicating that the market is oversold All of these factors are converging in the area highlighted by the green oval. Technically, we remain in a bull trend as long as we hold above this level. Taking this all into account, I have entered into a long trade: Entry - $7500 Stop loss - $7175 (set as a break below the right shoulder) Take profit - $8320 (close to a retest of previous highs) Risk/ reward ratio - 1 : 2.5 A risk/ reward ratio of 1 : 2.5 means that for every $1 I risk in the event I am wrong, I can potentially make $2.5 if I am right. If we break below the right shoulder, then that means that the price has made a lower high and a lower. This signals a continuation of the macro bear trend and invalidates this rally as the start of a new bull market. Don't get caught long if this scenario plays out. Remember that the goal of trading is to minimise your losses when you are wrong and to maximise your gains when you are right. Happy trading!
BITFINEX:BTCUSDLong
by tennant.graeme