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Scalptrading

Gold Might Be Heading To The Sky If The We Outdo The Double TopGold has made lots of decisions that weren't that expected and it's approaching the previous daily double top. Although we caught one low on the double top, its rising has no limits bound to our previous setup. To be careful of fake setups, we will wait for a breakout and retest on this metal to confirm our entry. However It may be up for a potential retest on this level again, biofeedback is crucial at this juncture.
FOREXCOM:XAUUSD
by DevLucem
EURUSD Pull Back For Weekly, Monthly And Daily SetupBased on the trend formation on that this pair has been on, It has broken the monthly consolidation level and trend line, this pair might be heading for a good long trade but before then expect a retracement. I will enter the trade when the price comes down to the level and ride to the first zone as indicated. However, if price breaks the minor resistance level indicated (the weekly high), I will wait for another short signal for a retrace on another price level before joining bulls.
Short
by DevLucem
AMD Mixed - Bull flag or descending triangle Mixed so until the TA confirms.. I am not holding. Bull flag here or desending triangle is presented.. BUT the stock is following trend... the moving averages have crossed mainly but... MIXED. Only good for intraday until confirmation but it could confirm AH or Premarket. I will do a full analysis later. ... remember I am a scalper.. swinger.. .mainly scalper.. I don't follow trend. I look for volatility momentum volume and spreads... short or long.. I'm in it to win it... and that could only be for 1 minute ... 30 seconds ... 5 minutes.. etc.
NASDAQ:AMD
by iambrettjenkins
BitShares (BTS)- An alternative to POLO?Bitshares hosts a decentralized exchange remarkedly similar to Poloniex. All the usual alts trade plus a few I have not seen before. There is an unmoderated chat room for those willing to put up with trolls, but there is no doubt everyone there is in one way or another interested in cryptocurrency trading. The recent difficulties and frustration with POLO and BitFinex among others is helping BTS find space in the niche. There are a host of other features as well. Automatic payments using smart contracts being one of them. As of this writing the market cap has more than doubled in two days to approximately 768,000,000. This is a lot considering after reviewing the website and searching the appropriate forums I find nothing 'new' to warrant the increase. Market Cap $768,223,275 272,588 BTC Circulating Supply 2,602,400,000 BTS In my opinion the coin is a short term buy due to the increasing awareness of the cryptocurrency markets and a lack of stable exchanges. In the future I expect to see the supply of reputable exchanges to come online to meet the demand from the crypto trading boon. BItshares is also in partnership with Steemit which is becoming rapidly known as a convenient way of loading debit cards from a large variety of banks in almost any country. (key word being in 'partnership'-- they are not the only one). This is a 'gold rush' coin. The product is good, they are doing everything right, and the decentralized exchange is certainly needed in the crypto community. However a double in market cap within 48 hours, lack of information of dilution of the currency and rampant speculation should encourage a cautious approach. In the longer term if the crypto boon continues it could be a very well placed investment, especially if it attracts anywhere near the number of users POLO enjoys. But is it worth a Billion USD at this point? It is going to be a few years before that question is answered. In summary, Buy for a trade, tight stop, and be ready to get out. Longer term it is a well put together alt coin with potentially great adoption rewarding those who can afford to average in and have a lengthy view. Sources: bitshares.org bitsharestalk.org steemit.com coinmarketcap.com bitshares.org As always my opinions are my own. CryptoCurrency investing carries a very high degree of risk. Do your research and consult a financial advisor before risking funds in speculative ventures. BTS
by ljs411
4
EURUSD Trading HALTED in lieu of Non Farm Payrolls?Since price topped off at 1.09 the bears have been relentless in their pursuit of driving the price back down to previous lows. In the first week of April the EURUSD retraced over 40% with almost no resistance and just in the last 72 hours price has taken another 15% dive. Currently, price is consolidating between 1.07 and 1.065 or in Fibb terms .50 and .618. As we approach tomorrow mornings (Friday @ 8:30am EST) news release of Non Farm Payrolls , it seems that the major players have either reduced position sizes and/or exited their positions completely. These actions/precautions appear to be creating the dreaded barb wire consolidation that we see being produced since March 31st. What should you do? This type of movement is not terrible for scalpers as price has created VERY significant support and resistance at both 1.065 and 1.07. Due to the nature of this pattern I would suggest sitting it out until after the news releases and inevitable breakout that will occur, but if you HAD to enter for the sake of having an open position I would place orders to sell in the 1.068 area and orders to BUY in the 1.065 area, with profit target being set at the opposing price side of the range. You like breakouts - great, I do too and I'm anticipating a big one! We may see the classic NFP release where price moves hard in one direction then totally reverses direction leaving a BIG UGLY wick candle and half your account behind. So, in order to avoid that last part I said, wait for price to move and CLOSE past either 1.07 to BUY or 1.064 to SELL. Good Luck!
by MrTakeProfit