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INTC - Crosses over lower Keltner channel Intel Corp ( NASDAQ:INTC ) was one of those stocks that recently dipped post earnings. Adding fuel to that fire, was a recent departure of one of their engineering executives and a securities class action lawsuit. At that time we posted an article called "Buy the Dip?" Where I was talking about how it would better to wait for price action to come back into the lower keltner channel before considering any long positions on INTC. However a few weeks have passed since the dip and now the stock has crossed into the lower keltner channel. Usually, when a stock goes through a big dip I have found that it will begin oscilatting between the Keltner channel bands sometimes extending into the bollinger bands. So. I would like to see if INTC goes up to the upper keltner or bollinger bands within the next week.
NASDAQ:INTCLong
by UnknownUnicorn6775423
EURUSD - Easy Range-Trading Setup - with MTFAHi Traders! The market is in an Uptrend. Let's begin with the Daily Timeframe: Here you can see the market is making trending moves with high price action. In addition it is moving in a Range. In this moment we are at a consolidation. Now we move further to the next H4-timeframe: Here you can see the Reange closed up. The two main areas are: The Support at 1.17064 and the Resistance at 1.19117. Another indication for a Ranging Market is, when the 50MA starts to wobble around price. Then it is not in a Trend but in a Range. Now discover how to enter this market (H1-Timeframe): As you can see on the lower Timeframe it seems to be in an Uptrend. It is making a trending Moves and Retracement Moves. So, the goal is to get a Trend Reversal Pattern at the Resistance. You can combine that with the break of the channel or the crossover of the 20MA. We recommend to trade the market still carefully, because we are counter trend trading. Thanks and successful Trading :)!
Short
by swissmoneymakers
CADJPY breaking the range 🦐The market after being in a sideway movement for a long time is now breaking to the upside the daily resistance. On the daily chart we can see the false break out attempt to the downside before the market start the move up. At the retest of the structure we can set a nice long order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
8
[Currencies] Markets shifting phase, no money to be madeThe second half of July was fun. But now it is over. It is either time for some vacations, or some research & self-improvement. Gold & Silver, Bitcoin, and major governement fiat currencies - usd pairs - are taking a break from their trends (if we can call this a trend for BTC). I do not think there will be anything interesting in the coming days or weeks... For my part other that those currencies I also look at some crosses regularly (with jpy I even only do crosses I don't even trade usdjpy), as well as a few commodities (Oil NatGas Copper). Who knows, there might be something? Commodities Crosses "Exotics" and crosses Nothing too crazy. I don't want to go completely analyse every 20 non usd currency pair I can think of. And I'm thinking "is this good or not can't tell", if you have to ask this question then it is not good enough. EURJPY could be interesting, better keep an eye on it this week. Going to look at some old charts and do some self improvement.
by MrRenev
1
The bull trap takes its victims! Be careful!I have mentioned sometimes that above 11.000 the bulls will be victims. As I say in the Closer to the frontline idea: " I would like to see even a failed breakout, and then after a huge reversal." and now I can not say anything else. Maybe we saw the failed breakout and now the continuing should happen in a good and clear reversal pattern. Because of the C wave corrective structure, now I am forecasting a sideways triangle in the next month. Which next wave is the D wave down in three waves structure. The possible target could be around 6000 with a little higher high against 3900. We will see... The lower time frame I am focusing on rising corrections which create the chance
COINBASE:BTCUSDShort
by MoodandMarkets
FKLI TRADING : 110) ANTICIPATING A NEW STRUCTURE HIGH? 110 is the number and this is haidojo trading. Fkli-july has surprised everyone by showing a reversal to the upside today...it is hard to tell whether the uptrend persists or it is just another sideway movement...onli by waiting for a breakout abv the previous high at 1620 and abv should it confirm the continuation of the current uptrend...critical support to watch out is 1587 support levels which were tested multiple times in the past... overhead resistance : 1616 1-620 higher resistance : 1640 crtitial and strong support : 1587 lower support : 1560 -1564 PS : if a breakout abv the 1620 happens, then the advanced pattern becomes invalid... WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk! **your "LIKE" and "FOLLOW" are my main source of motivation to continue posting more valuable contents...TQ**
MYX:FKLI1!
by HAIDOJO_trading
still in consolidation of "head-and-shoulder" patternthis is a continuation of the previous analyst...the formation of "head-and-shoulder" is still in making...nothg much to expect...onli 2 points : resistance : 2474-2480.... breakout frm this one to form New Structure High indicates movement to the upside... support : 2300 or the "Neckline"... going lower than this point indicates movement to the downside... lower level support at 2200 - 2250... other than that, playing within the range might spark some real risk...gudluck and gud trade...
MYX:FCPO1!
by HAIDOJO_trading
Trade Log NIFTY July 10In my yesterdays post I had said Even though the chart looks good, I have a bearish bias for tomorrow and Monday. This is mostly because the whipsaw we saw yesterday. If NIFTY manages to close above the new high by Monday, I’ll be wrong again. I’ll not short, but mostly observe if it crosses 10850. I’ll short NIFTY below 10730. Nothing changes in my view and I carry forward my view to Monday. My trades I did not trade today, as none of the levels I was watching were clearly broken. Observations for the day NIFTY sideways for the day, ultimately closed 0.42% down. BANK NIFTY down 2.22%. VIX mildly up 0.12% Advance Decline ratio is 14 to 36, in line with negative closing. Option data tilted for mild bearish bias. Overall, NIFTY did not do badly because of Reliance. BANK NIFTY trend is near bearish, NIFTY sideways for near term. NIFTY’s consolidation can be an intermediate topping pattern or consolidation. It can be confirmed only when NIFTY closes below 10560 levels. I’ll do a detailed post over the weekend on my next week’s view. Have a great weekend ahead! ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- My July 9 Post
NSE:NIFTY
by Observe_Think_Act_Think
Day trading and Scalping Example NIFTY July 8I use multi time frame analysis very heavily. I always establish context for trading before I start the day. For context and levels, please check the following posts prior to July 8 *** Links Below I am always fascinated by day trading - not because of the lure of quick money. But I think it is extremely hard for me. At least it is hard for my personality. It is always said there are two kind of traders 1. Traders who can think very fast 2. Traders who can think very deep I always see myself comfortable in category two - deep thinker. But to put myself out of my own opinion's prison - I day trade. Though day trading is hard, it teaches many things to me as a trader. 1. Emotional Control and Money Management - I don't have time to adjust , reflect back and somehow prove to myself that I am on the right side. I better quickly exit of my positions with great emotional control. 2. Relentless Planning - Since I don't have lot of time, I have to plan insanely - thinking of all possibilities and my actions. 3. NO to laziness - I cant afford to relax during the day session. I need to have extreme clarity of thought throughout the trading session. Now, one may think that all these learning can be from any time frame trading. That's true. But when you have a ticking clock next to you and market presenting you 1 of n possibilities every single candle, that changes you for good. It makes you fast. Then you can adjust to larger trading styles easily. Below is my example live thought log for the day. I escaped the day with approx Rs 34 / lot profit. Not a bad hunt after crazy price movement! ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- NIFTY chart is extremely positive. Market looks prime for 11000, but global clues soft. Typically, such setups if bullish do not give chance to enter, starts with gap up. If there is no gap up it may be contra indication for sideways movement for the day. Since it is Wednesday , 1 day prior to weekly expiry, it is better to sell options and scalp premium. Risk : large volatile movement. Stop Loss, opening ranges of 1 st hr. Close positions starting from 1:30 PM. -------------------------------------------------------------------------------------------------------------------------------------------- 1. Expectation was rally. But flat opening. Global markets are soft. Hence I sold 9300 CALL. Idea is to cash in Theta loss for the day in case of sideways movement. It is a risky trade. 2. Candle at 9.30 starts confirming this movement. Let this movement complete. 3. Any close below Previous day High, position can be added to. 4. As yesterdays high shows support around 10800, 10700 PUT is sold as well. Again Idea is to get benefitted by sideways movement and theta decay. 5. Overall position entry is now 33+30.30 = 63.30 Rs. 6. Since breakout failed, now NIFTY likely to stay in the range. So 10800 CALL sold 68.05 Rs. 7. So far trade is going ok. definitely signs of consolidation. BANK NIFTY broken out, NIFTY lagging. 8. Position 10700/10900 Strangle : 66 Rs (3Rs loss) Position 10800 Call : 74 Rs (6 Rs loss) -------------------------------------------------- 9 Rs Loss 9. Position 10700/10900 Strangle : 65 Rs (2Rs loss) Position 10800 Call : 56 Rs (12 Rs Profit) -------------------------------------------------- 10 Rs Profit Going as expected. On breakout of the opening range Another short added 10800 CALL 56 10. Opening range breakout failed. 10750 PUT sold, Now look for opportunity to reduce position on 10800 CALL as breakout failed. 11. Usually NIFTY may jump around after 1.30. VIX did not decrease so far. So NIFTY players sense uncertainity at these levels. Closed 10800 1/2 position. Position 10700/10900 Strangle : 56 Rs (10Rs Profit) Position 10800 Call *: 62 (6 Rs Loss) Position 10750 Put : 46 (3 Rs Profit) * Position 10800 CALL : (68-61) (7 Rs Profit) -------------------------------------------------- 7 Rs Profit / 7 Rs Booked Profit = 14 Rs 12. The price range is getting tighter. NIFTY advance decline is 25 to 24 Neutral. 13. As Expected move started. How strong the move to be seen. 10800 PUT sold as initial direction of the move crossing the range. VIX started cooling off 14. Break above range is not showing strong follow through so expansion attempt is not rapid. That is a good sign for my trades. Position 10700/10900 Strangle : 50 Rs (13Rs Profit) Position 10800 Call : 74 (18 Rs Loss) Position 10750 Put : 31 (18 Rs Profit) Position 10800 Put : 50 (4 Rs Profit) * Position 10800 CALL : (68-61) (7 Rs Profit) -------------------------------------------------- 17 Rs Profit / 7 Rs Booked Profit = 24 Rs 15. NIFTY is showing many indecisive moves. It is above previous day high. Essentially, the morning down move can be negated and fresh up move possible tomorrow. It is 2.20 PM so 1 hr to go in trading. Priority will be to close short positions first. Then Long ones. Closed 10800 Put : It was latest and more prone to loss. * Position 10800 Put : 49 (5 Rs Profit) 16. NIFTY dipped below Previous day Low. Now NIFTY can again go to 10800 17. Actually large moevement at 2.30 PM. Closed the positions. Final tally is Position 10700/10900 Strangle : (63 - 45)(18 Rs Profit) Position 10800 CALL : (68-61) ( 7 Rs Profit) Position 10800 CALL : (56-55) ( 1 Rs Profit) Position 10750 PUT : (49-46) ( 3 Rs Profit) Position 10800 PUT : (54-49) ( 5 Rs Profit) ------------------------------------------------------ 34 Rs Profit ------------------------------------------------------------------------------------------------------------------------------- Retrospection : -ve's 1. Position of 10800 PUT sell was not a good position to take, it was more like a balancing previous position. Better option would be to just square off 10800 CALL position for loss. 2. Entry for 2nd position on 10800 CALL could have been better. Also it was not correct with original sideways assumption. +ve's 1. Traded as per the plan. 2. I was able to close everything fast enough before the volatile move. Reference Monthly Analysis Weekly Analysis July 7 Log
NSE:NIFTYEducation
by Observe_Think_Act_Think
1