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Spike

USDJPY - Bear trap long before more down?USDJPY came under some pressure on Friday. There may be more downside, but right now bears should beware. just below the swing low around 111.500 we have a spike base/demand zone. if we break below this level and demand is still there + shorts start taking some profits, we may get a nice pop higher. As always, will wait for price action after the break. A touch of the 200% extension and an hourly close back above the 111.500 area along with that area once again providing support will have me checking the 5min/1min charts for some long scalps before re-assessing. I like to look for situations that can potentially catch people out ( like Bear Traps/Bull traps ). When this happens, the flow can change quickly and nice, fast moves can happen. I like to assess hourly charts for key zones like this, and then trade the shorter time frames to exploit the flow.
Long
by sebastiaan7676
NFLX Has TWO Scenarios NASDAQ: NFLX took a massive hit today dropping currently around 14.00. As for the future of NFLX, there are two possible scenarios that could unfold. The first scenario involves the idea of NFLX falling to 80.23 by July 22nd, with a rebound back to 85.00. On the other hand, the second scenario involves the idea that NFLX will rebound by tomorrow and spike to roughly 93.00; which could be a massive potential for buyers. However, in this case it would cause the stock to fluctuate around 93.00 to 87.00 for about a month (similar to the trend found in May and June). I would suggest waiting until the end of today. Go check it out yourself.
NASDAQ:NFLX
by RAJK1234
Fist's Rejection Spike Template 15MThis is just a template of indies - all the legenadary Vdubus - to get a handle on trading rejection spikes. What the indies don't show are spikes that tried to live but failed so if you back test little reversals you'll get very good %: it isn't like this live . As always, you'd need to work with Price Action primarily but these indies can be very useful when working with your own S/R levels, pivots and fib. Thanks to Vdubus for all his work.
by benedictwellstood
S&P 500 emini futures day trade ideas for Monday, May 16Although I do not have access to a Market Profile indicator on TradingView , I've shaded in the areas (on a 30 minute bar chart) where I see two separate distributions from Friday's double distribution trend day selloff. If the market opens Monday in the lower distribution, I would look to enter a day trade short if price rallies to the high of this balance and fails, re-entering the lower distribution below 2047.75 with a stop above 2049.25 (back inside the upper distribution). There is also a single print at 2051.25 and may be a more attractive spec short, as that level could be considered the "spike base" from Friday's earlier 3rd period low. Short targets would initially be Friday's low, and possibly to test last week's low at 2033.75. If that weekly low fails it opens up the possibility of trading down to 2026.00, which below that would stop the one time-framing higher on the monthly bar. If price opens Monday in Friday's upper distribution ideally I would look for a long entry if price trades down to 2047.75 with a small stop just back into that lower distribution, with initial profit target of 2058.75 - where mechanically two 30 minute periods sold off from (mechanical because it was Thursday's close). With declining NYSE volume Friday of 3.5 billion, Friday's selloff could be attributed more to weekly options expiration, and the market could be very short. With any trade monitor for continuation, and look out for a possible short covering rally.
CME_MINI:ES1!
by es-traders
GPBAUD Spike Trade Rejection or BreakThese spikes are starting to show strong rejection. There is a trend line bringing the price up, and with a change in the head of the Reserve Bank of Australia, anything could happen. The blue rectangle represents the unknown zone. I would suggest targeting the short term short, and put your stop loss at the top of the blue rectangle. If the price closes above the rectangle, close the short, and go long, otherwise, stay short and target those 100 pips. If price breaks the blue rectangle, it will easily cover your loss on the short position and still give you profit. There should be profits either way.
Short
by Jacksonian
Trade of the day. Sell AUDUSD as upward momentum has fadedA few notes about this chart in point form backing my argument. 1. MACD crossover possible after bouncing below off the MACD trend. 2. Importantly Relative Strength Index which has been climbing even after the AUD has spiked downwards to the upward support has finally broken down AND may fall below the historical declining strength trend. On the other hand it may act as the support. 3. CCI is not oversold. 4. Price has bounced below from the 200 day MA and is now at the juncture of other MAs plus at weekly support. The trade: Sell ONLY if there is a break below the current upward support. Stop loss above 200 Day MA.
Short
by maccabean
Short EUR/USD 15 Min Spike & Channel We had huge move down Thursday and Friday. I'm looking for a short continuation trade off the spike and channel .382 fib retracement at 1.1052 down to the 1.1000 level and a possible follow on target at the 1.272 ext at 1.0980. I would wait for price to test the 1.1052 level before going short. If price breaks through that level there are a couple of nice levels up at the 1.1108 - 1.1123 handle for a possible entry point for shorting. I would also front run the 1.1000 target by a few pips because of the psychological level. Good luck trading out there.
Short
by ChrisThein
1
Past VIX Spikes Analyzed from May 2011 to May 2013I have published this before, but this shows more examples of how you analyze the market for "Smart Money Buyers" that you can rely on. First you have to wait for a spike up in VIX of at least 5 points, then you wait for a pullback of 75% of that VIX spike. Plot the movement from the price low to the level the market was when the 75% retracement level was touched. Who buys when VIX is HIGH? Smart money. People with a lot of money to manage who need to buy when there are a lot of sellers. Major, long term buyers buy when VIX is high because that's when prices are low. That's how the market works. Why? I can explain, but first please thank TradingView for this amazing software which has allowed me to find this great piece of market information from analyzing the data that you can get here so easily and graph and manipulate to your heart's content. What I have also found in this data is that at the end of 2012 VIX was rising while stock prices were grinding higher, which implies SMART, LONG TERM buyers had a TON of stock to buy and wanted to buy it aggressively. I marked that extremely bullish setup with a purple box. The other boxes are marked in bright green so you can see the movement from the lowest low of the correction to the point where VIX had settled back 75% from its run-up. The way to utilize this information depends on your investing time frame. If you are a trader, I can see that there are some low risk entry points on pullbacks to the 75% price level, which is the top of the green box. Long term investors can rest assured that they are riding the trend when prices are above the bottom of the green box. More "history" of the 75% VIX retracement SUPPORT LEVEL to come in subsequent charts. Cheers. Tim 9:33PM Thursday 7/23/2015
AMEX:SPY
by timwest
9