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Speedlines

EUR/NZD (Speedlines)Speedlines are a technical tool that uses the principle of 1/3's (Fibonacci %s) based on the previous uptrend or downtrend. Price is measured at the peak of the uptrend by drawing a trendline connecting at least 2 points. Once The trendline is broken the next correction or break should occur at the next price point equivalent to 1/3 the distance traveled. (258 pips /3 = ~80 pips) Each trendline will be drawn/ adjusted from the origination of the trend(baseline). The trendlines should intersect at the value shown = to 1/3 the distance traveled in the prior trend.
by JHair20
USDTRY: Daily swing trade opportunityWe have a nice swing trade op in this pair, go long at market, stop loss should be placed below the recent low. I think the pair has room to rally back to resistance (see red line on chart). Linear regression and speed lines help us, along with oscillators and bar by bar analysis, as well as the use of RgMov, to determine the trend and where trend following or short term reversal opportunities arise. I'd say the odds of success here are big, but given the tight stop I wouldn't risk a full unit (your maximum risk per trade) but rather risk 1/4 of it for now. The same signal is active in the $EURTRY pair, but since I'm trading the $EURUSD pair separately, I'm only focusing on $USDTRY for now. Best of luck, Ivan Labrie.
Long
by IvanLabrie
8
Vertcoin current trend analysisBlue line is 50% down from current top to the bottom of the long term baseline of the 1 day chart. Green lines are 1/3 & 2/3 speed lines calculated from the bottom to the top of the recent uptrend. They are the current support lines of the trend. Red lines are 1/3 & 2/3 speed lines calculated from the top to the bottom of the recent downtrend. They represent resistance to the upward price action. If price action goes under the bottom green line, the blue line is the last line of defense. I will not buy if it goes under here and wait to asses the new market situation and new signals, because the probability of the price going down a lot more is strong in this case. Currently, price action is battling beetween the bottom red line resistance and bottom green line support. Possible point of upward price action are at the cross of the green and red lines. DISCLAIMER: i'm a beginner learning TA. Any opinion from more experienced traders is appreciated. DISCLAIMER 2: all this could be disrupted by btc price action, so keep an eye on that.
by bullcavern
SPX: Watching it closely with no positionI'm holding a few trades (refer to my recent posts) but not in any SPX position. I think we can have a great buy signal soon, so I'm following VIX and the 'Time at mode', linear regression channels and speed lines signals in SPX. This is a 2-day chart, the timeframe in control of the current downtrend. The time and price target suggests price can drop to 2095.3 by or before November 9th. I'll be paying close attention, because if we get a buy signal in that zone, it could be an excellent trade going into the next year. Most people are concerned about the Fed and the elections, and technicals aren't helping, so we can see some divestment or at least everyone getting short. What we need to see is when and where the smart money decides to buy and bid up the market, absorbing all this retail supply, if they do. If not, we have the making of a bear market in equities. Keep close watch of this chart and the levels posted here. Good luck! Ivan Labrie.
TVC:SPX
by IvanLabrie