Range for CADILAHCStiff resistance at 243 can be seen. A very less probability of breaking resistance in September series.
Range is defined within chart.
Breakout trader can wait for price to close above 243 or 236 on a 30 min or 1 hour candle.
Range traders can short at CMP for target of 236 or below.
And if does not break 236 can long for 240-243.
Do your analysis before taking a trading decision. This is an educational idea only.
Rangebreakout
EURAUD, Consolidation/Range Breakout Trade.Welcome to MSCapitalTrading, We provide any kind of Technical and Fundamental Analysis for Forex and Indices, Commodities , CFD and Stocks Markets every day.
2 HOUR
Recently consolidation / range is break above side a retest of that area will set a tune of more bullish prices in EURAUD.
NOTE
Always take 1% risk on each trade for capital preservation.
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Carlos Smith.
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EYPT | Range bound Long-Term pattern suggests that after previous dilution, Eyepoint's stock price went range bound for quite awhile before breaking out.
This marks potential accumulation range for anyone looking to build a position in EYPT.
Ranges make for good swing trade positions (especially 20%+ both ways) and a way to average down.
Range low/ highs, range from $1.42 - $1.87 is approximately $0.45 of profit both ways up (~20%+) until EYPT confirms they are adhering to terms of loan with CRG.
Weekly MACD and Stochastics have divergence with stock price. This could infer spring board type action on good news (break below range could cause problems).
Previous quarter showed that $EYPT was on track w/ meeting terms of CRG loan agreement.
positive earning/ ER beat should help satisfy some hedge funds/ big $ investors. I remain cautiously optimistic.
$EYPT could potentially come and test lows of the range within next week. I am looking to use this as a way to add to current position/ swing trade it to highs and lower cost basis on my long-position.
**On the other hand, falling below this range could cause knee jerk reaction/ selloff. I am going to be watching this carefully.
Tip # 7: When trading, It is very important to have a game plan. It is good practice to establish rules to your system (i.e. do you buy in increments?, at what point do you not like the investment anymore? how long are you willing to hold?).
- Please Like and Follow for trade ideas & so I can continue to chart and build my reputation. Thank you in advance =)
Have a Twitter? check out my page for more: @volatilitywatch
Disclosure: I am long EYPT. This is not a note to buy or sell. Please do your homework before investing.
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Check out current trade in TGTX =) #BULLISH
KRAFT 1D RANGE TRADESRanges, Triangles, Ascending Triangle, and Descending Triangles are repeatable trading chart patterns.
Ranges & Triangles are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending volume bars and descending atr line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size.
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
DOUBLE CHART PATTERNS CONFIRM EURJPY 1D BREAKOUT TRADESTriangles, Ascending Triangle, Descending Triangles and Ranges are repeatable trading chart patterns.
Triangles and ranges are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart)
Trade Management after there is a breakout candle close
1 - Position size (compare volume bar to volume ma line)
a - Breakout candle must be 100% of average volume for a full position size
b - If 75% of average volume then ½ position size
2 - Enter two trades
3 - SL for both trades will be 1.5 x ATR
4 - 1st trade TP will be 1 x ATR
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price
6 - When 1st TP hit – move 2nd trade SL to breakeven
7 - Adjust the 2nd trade SL to follow price
*8 - When breakout candle is more than 1 ATR from breakout candle open
a - Enter 1st trade at candle close with ½ position size
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open
c – Price should pullback to that pending limit order for 2nd trade
LTCUSD 1D RANGE SHORT BREAKOUT TRADEWhile making this post price broke out of range bottom
Range bottom is at 133.20
Daily breakout candle open was at 135.50
Daily ATR is 8.66
1H chart found range levels
Range Trade Rules
Daily candle did not close yet but broke out of range bottom
Breakout candle low was greater than 1 ATR so special entry rules now
Breakout candle open - 1 ATR = Sell Limit Order
135.50 - 8.66 = 126.84 Sell Limit Order which was hit
Further money mgmt of trade in update followup
ETHUSD 1D RANGE TRADESPrice has been in a range
Volume dropping causing consolidation
ATR and Volatility dropping because candle size is smaller
This is a pattern to look for because traders are getting bored with this consolidation pattern so breakout pending
Wait for breakout candle either long or short to close outside range
Wait for volume bar to be at average line to trade 100% full size
or at 75% of average then trade 50% of size
SL 1.5 x ATR
EUR/USD: Daytrade-Opportunity!#Nice CHANCE to BUY!Hey tradomaniacs,
welcome to another free signal!
Important: Wait for the retracement down to entry!
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Type: Daytrade
Buy-Limit: 1,11436
Stop-Loss: 1,11317
Target 1: 1,11637
Target 2: 1,11678
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
1D PAPA JOHN'S RANGE TRADEPapa John's added Shaq O'Neal to their Board of Directors
This had some positive bullish strength to stock
Price began to fall and created 1st high for range
Company announced their adding to their menu "Organic Veggies"
But Price continued to fall
Price found support and retested the range top
Price broke out of top range with strong volume support but breakout failed
Price returned to range and fell to retest range bottom
Bias is Bearish range breakout because of failed bullish breakout
Watch for a Close below the range bottom w/ volume support
EURJPY potential breakout of range on H4Since around the 7th of January, EUR/JPY has been trading within a range as displayed. However, price has recently broken this range. Two possibilities have been identified.
1. The breakout of the range fails similar to that which occurred on the 15th to 16th of January. This upon a retest of the resistance of 125 is a confirmed short signal. The target for this trade would be 123.830.
2. The breakout is successful and 125 holds as support giving a long signal with a target of 125.830.
GBP JPY in a market range awaiting a new Bearish signalOANDA:GBPJPY I stay like yesterday on a daily perspective to show the very strong selling wick we have had yesterday during the US session when the price action met the daily Fibonacci 0.618. I wasn't expecting the quotation to reach the daily Fibonacci but I kept in mind the daily structure without changing my view because of a short term correction. My second Short entry gave me 70 pips so more than 100 pips in that 2 Short entries on yesterday.
Because the daily structure is giving 2 selling wicks the Bearish bias to reach the target of 141 handles is still valid.
The pair is now in a trading range, My current area of interest is starting from 143 to 144.
A cross of the 143 handles can provide the range breakout signal I am waiting for.
GBPJPY 4H SHORT TRADESTrade depends on
IF - GBP takes a few days off
IF - Macd stays below Red signal line
Short Trades
Bearish Trendline breakout
Range bottom breakout
1st Sell Stop @ 142.25
1st Sell TP @ 141.75
Price breaks below 50 sma
2nd Sell Stop @ 141.25
2ns Sell TP @ 140.55
Find appropriate SL
Close trades if Macd crosses above Red signal line
ORB NR4 CANDLESTICK PRICE ACTION STRATEGYORB - Opening Range Breakout
This strategy works on all markets - time frame is Day & 1H
Step #1: Wait until you can spot a bar that has its daily range smaller than the previous three days
The first rule requires you to have the patience until the Nr4 pattern develops on the YOUR chart. When we have a daily trading range that is narrowed than the previous trading ranges it means that the price is contracting.
Based on our backtesting results we have found out that there is a high probability of a trend move after you spot this type of contraction. This is kind of a general rule because the markets do move from periods of contractions to periods of expansion.
This is the reason why this short-term price pattern is so powerful.
Step #2: Mark the High and the Low of the 4th day and switch to the 1 hour time frame
Our trade is taken the next day after the Nr4 pattern showed up. In order to have a clear view of the short-term price action we need to switch our focus to the 1 hour time frame. Before you switch the time frames make sure you mark on your chart the high and the low of the 4th day.
The short-term pattern Nr4 satisfies all the requirements for a valid setup, which mean that we can move forward and describe how to buy or sell.
Step #3: How to buy or sell: Buy/sell only if the breakout of the Nr4 high/low happens during the first 5 trading hours.
We use the Opening Range Breakout technique to time the market and have an effective trade entry. The ORB is even more profitable if it occurs after inside days that have a smaller trading range than the previous 3 days. Here is another strategy called simple yet profitable strategy.
Our trade may not have an inside day, but nevertheless we want to buy/sell only after we break above/below the Nr4 day high/low. Also, we want to make sure the breakout happens during the first five trading hours of the next day.
Trades based on the ORB – Nr4 pattern will show you a profit instantly.
Now, if the trade is not showing you a profit right away then your trade becomes more vulnerable. As a general rule, if after the first trading hour your trade is not in the green, you can safely close the trade at the market.
Of course, you can only do that if your stop loss hasn’t been triggered in the meantime.
Now, let’s outline where to place our protective stop loss.
Step #4: Place your protective Stop Loss above/below the Nr4 day high/low
You can hide your protective stop loss above/below the Nr4 day high/low. Alternatively, you can also place your stop loss below the current day high/low as this will give you a better risk to reward ratio.
The ORB - Nr4 pattern tends to precede strong trend day activity, so your stop loss should be rarely hit. Both of these patterns can be traded individually, but when combined they tend to produce even more powerful trades.
Step #5: Take profit at the close of the first 1-hour bearish candle
Our take profit strategy is fairly easy and it’s slightly modified from the original strategy highlighted in the “Day Trading with Short Term Price Patterns and Opening Range Breakout” book written by Toby Crabel.
Even though the ORB pattern tends to lead to trend trading days we’re more conservative and want to quickly take profits. So as soon as the first bullish/bearish candle shows up we close the trade and enjoy our daytrade profits.
Alternatively, you can keep the trade open until the end of the day if you want to extrapolate more profits from the market.
EURJPY LOOKING FOR A PUSH INTO 126.000The 124.750 highlighted region is looking to give way relatively soon. On Friday we saw a breakout of the counter trendline followed by a retest which managed to hold back above, currently the top highlighted region is providing some strong resistance however, once we do see a strong push to the upside the probability of pushing higher into the target region of 126.000 is highly likely.
Confirmations on the 8hr and Daily timeframe are needed in order to enter the market. The moving averages are crossed over to the upside and continuing to provide dynamic support for the Euro .
Great risk/reward ratio of 1:1.87 once all technical factors fall into place.
GBP/CHF: Swing-Setup! What a CHANCE after this Breakout!#BullsHey tradomaniacs,
welcome to another free signal!
Important: Wait for a confirmed S&R-Flip aka. a bounce of the Range @ 1,26 and place a Buy-Stop!
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Type: Swingtrade
Buy-Stop: 1,26146
Stop-Loss: 1,24941
Target 1: 1,15990
Target 1: 1,27470
Targt 2: 1,28
Target 3: 1,291
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
GBP/USD: Swing-Setup! Range-Breakout with a great opportunity!Hey tradomaniacs,
welcome to another free signal!
Important: Wait for the retracement down to the trendline and wait for a trigger!
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Type: Swingtrade
Buy-Limit: 1,27110
Stop-Loss: 1,26155
Target 1: 1,284
Target 2: 1,29
Targt 3: 1,29508
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
RIPPLE: the new king of cryptomania? Beautiful BUY-CHANCE!Hey tradomaniacs,
welcome to another signal!
Important: Wait for the Breakout and buy the retracement!
Type: Swingtrade
Buy-Limit: 0,0001
Stop-Loss: 0,000062635
Target 1: 0,00014
Target 2: 0,000160888
Peace and good trades
Irasor
Trading2ez
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
EURUSD 4H RANGE TRADESPair may be in a Bearish continuation breakout
Support levels shown
Sell Stop @ 1.1599
Sell Take Profit 1 @ 1.1586
Sell Take Profit 2 @ 1.1552
Place your own SL
Bearish continuation may fail
Price will move back into range
Buy Stop @ 1.1635
But Take Profit @ 1.1675
Place your own SL