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Small Scalp for BTCUSD to DownsideI'm testing a new indicator that I was coding all night. It triggered a signal using an Extreme Opposite Stoch strategy to enter a short. There is some confluence as it appears to be a potential countertrend trade as well. If it plays out, it will be a 2.5 RR trade. It's funny as I was looking for long entries as it bounced off a key level until my signal triggered. Let's see if this script works as intended or not. Really happy to have a chance to test this on a low-risk BTC trade before I start using it on Forex pairs next week.
BITSTAMP:BTCUSDShort
by AfterlifeTrading
4
Bullish on DKNG(This is not financial advice) Hello everyone, today I have a TA on DKNG that I spent quite a bit of time on. Sorry this TA might be a little bit confusing and messy but there was a lot to go over and I will try my best to explain it all. To start off the reason I am interested with this trade is because I can feel excitement building up in the entertainment are with stocks like FUBO, GMBL, U and of course DKNG. I am both bullish on DKNG long and short term and I see it either dropping to support at around $58 and bouncing to either new ATH's or old highs. I have my support shown with the rectangle box and the red channel it is within. DKNG has been within this upward red channel for months and I believe it will stay in this channel and bounce within it. I have also set up price targets that you could possibly take profits at on different resistance points as well as supports on your way up. I took out most of the Fib lines to make space but I left two that I think are pretty important in this case. On this Fib Retracement you could buy at the 0.5 if you wait for it to fall to there where there is the fib line and two supports and the pattern of the RSI combined with the hype building up around the stock again as people talk about it more and MLB starts. buying 58 area is very low risk and a very solid buy if it falls back there. Otherwise I set up two other good buy areas you can see on the chart. The MACD does signal for a buy next market open most likely but it could be wrong and fall to that safe support buy area. The 20 day EMA is bullish as well as the VWAP if you change the timeframe. To conclude DKNG is a pretty volatile and active stock that I see being a great company long term and if I am right about my DD great short term as well. This stock would be a good day trade, scalp or swing trade. The only problem with a swing trade would be that in the current market swing trades are a little bit more dangerous. If you have any questions about this trade or the TA or disagree be sure to leave a comment. Thanks for checking out my idea if you like it be sure to thumbs up and follow. Thank You! - Vlaire
NASDAQ:DKNGLong
by vlaire
Week 13: ZSK2021 Wait for a Support BreakLast week the highest price was just at $14.35 ... just a shy $0.05 away from our bomb shell. Anyway it was not triggered and it keeps going down after reaching $14.35 The market was closed at the SR Flip area at $14.00 (see on H4), it was doji and so far no buyers sighted in the market (Asian morning session). Here are the few scenarios : (1) Market bounce at SR Flip ($14.00), likely it will find the previous level which is at $14.09 If $14.09 is broken, it means the buyer is back in the market. (2) The price continues going to South, the last buyer defend was at $13.90 level. This is where we can place our Pending Order (Sell Stop); once it broke, the gravity will help to pull the price going even lower. (3) Certainly, the last scenario is ranging / sideways; this usually happen towards end of the month or a week before WASDE report release. The price may consolidate prior making a big move. This week, I will go for scenario #2 where I will place a Pending Sell Stop Order. Stop Loss is at $14.20 Pending Order (Sell Stop) is at $13.90 Take Profit is at $13.22 RRR: 2.27R If you are well versed in Price Action, we can take the opportunity to scalp during the week. Have a good weekend ahead, this week is a short week. If no clear setup, just avoid it, enjoy your Easter holiday.
CBOT:ZSK2021Short
by machintose
5
theta continuation conreection short scalp/swing monthly pivotWeekly pivot and monthly pivot both developing lower. Of course it could rise prior to their closing time. However they will lmost always revert to that far untested pivot following. One could buy the dip upon testing it or short swing to it with a average cost up in case it rises more leading up to the CLosure. Tarrget would be where the central pivot and/or weekly/monthly L3 comes in after this next weekly and monthly close on their respective levels. Using camarilla pivots + cpr magnet reversion method. Weekly/monthly levels
Short
by Gunslinger2005
1
AUDUSD WEEKLY OUTLOOK 3/28 - 4/2AUDUSD IS AT AN INTERESTING WITH GOOD RANGE TO BOTH THE UPSIDE AND DOWNSIDE. THE PREVIOUS 2 DAILY CANDLESTICKS INDICATE A POSSIBLE REVERSAL HAPPENING AND AUDUSD GOING LONG. IF SO, I HAVE TARGETS AT 0.77400 WHICH IS ABOUT 120 PIPS FROM WHERE PRICE IS CURRENTLY. TYPICALLY MY STOP LOSS RANGES FROM 10-20 PIPS ON THIS PAIR. THIS WILL LEAVE ME WITH ABOUT A 1:8 RISK TO REWARD RATIO. ON THE CONTRARY, IF PRICE PUSHES TO THE DOWNSIDE, I HAVE TARGETS SET AT 0.75200. THIS IS ABOUT 100 PIPS FROM CURRENT PRICE. IN ADDITION, WE HAVE A TRIPLE WICK (CIRCLED IN CHART) THAT HAS OCCURRED REPEATEDLY TO THE DOWNSIDE, REJECTED, AND PUSHED PRICE UP. I WOULD LIKE TO SEE A BULLISH AUDUSD NEXT WEEK, BUT WE WILL SEE WHAT THE MARKET HAS IN STORE.
by drewillixms