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Spike

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
FCX at Support w/ Momentum DivergenceVolume Spike on Friday at support brought a pin bar like candle on extremely noticeable momentum divergence. I would look to get long at the closing price of Friday; however, the more conservative trade would be to wait for a break of Friday's high or even a close above that price. I would look for a retest of the first major resistance level around $37 - profit target put just in front of that level. There should be some resistance seen at $36 as well which would be a good level to raise stops to break even.
NYSE:FCXLong
by JoeHayes
Buy Stop Opportunity on VRXTuesday brought news concerning VRX's plan to takeover AGN which saw a noteworthy spike in volume and price today. Prices faded into Monday's trading range creating an Inverted Hammer near major support. With the price action movement, we saw the mac-d histogram make its first higher low over this last leg down along with a bullish cross coming from the stochastic. Wait for price to move through Tuesday's high price of 121.67 to get long VRX with stop losses just below Monday's lows. VRX shouldn't see any real resistance until 129s.
VLong
by JoeHayes
Pin Bar Reversal at Support with HUGE volume SPIKEFriday saw a huge institutional volume spike on a shortened trading day. This came at great support for YOKU and we have very clear bullish momentum divergences on the stochastic and mac-d histogram indicators. Of course, the bullish pin bar that developed due to this strong support bounce is confirmation that this stock is poised to go higher from here. I would look to get in close as possible to Friday's closing price with my stop loss just below the lows of Friday's session. No real resistance for the stock until about $24.
YLong
by JoeHayes
2
CBS Long - Pin bar bounce on support with VolumeFriday brought a huge bounce on very high volume at a great support level for CBS. There is also very strong bullish momentum divergence seen on the mac-d histogram and the stochastic oscillator makes it seem price is making plans to pop off hard. I would play a limit order for the closing price at 56.74 with my stop loss 5 cents below the low of Friday. Sticking with a straight 1:2 risk reward ratio would have one selling around the first resistance level. Entry: 56.74 Limit Stop Loss: 54.96 Profit Target: 60.30 R/R: 1:2
CLong
by JoeHayes
2