Get started

Spot

Spotify(SPOT) inside day after IPOSPOT and DBX are 2 IPOs that the market put the most focus on this year. DBX got an inside week to trade, and SPOT got this inside day. Momentum trade is one of the most effective way to trade IPO stocks, we often traded the 1st inside bar after the IPO (Usually first inside 5 /inside 15) If it's shortable, the first inside 15 on the IPO day was OUTSTANDING! So now there is the first inside day after IPO, and given that it's probably hard to borrow for most of traders, I only looking forward to trading the breakout! If it broke 144.5 before the inside day breakout out, this trade doesn't exist anymore!
NYSE:SPOTLong
by Trader_Joe_Lee
XAUUSD - buy opportunityGOLD is in the main balance with the range 1307-1362. Last week we saw a false break down of this balance. That often indicates about the movement to the other side of balance. For now you can use 2 strategies: 1. Put buy-stop with the expectation of break out 1325 (aggressive). 2. Wait for a correction wave to the balance level 1307 (conservative). Stop-loss should be below the false break down, so the second option is more preferable. Also, second option have a much better risk/reward ratio. Target1: 1356 Target2: 1362
OANDA:XAUUSDLong
by DzenTrader
EURUSD: Short Going well. Good spot to increase positions hereEURUSD This swing trade on the short side from 1.1893 kiss on the parallel is going well, so far. A neat pattern here, with a head and shoulders at the very top with an exact 200 pip downside target at 1.169 (met) and then a much larger, and more threatening head and shoulders forming over the following weeks with a downside of 420 pips from the neckline down to 1.124 minimum target, though this will take time to play out to consclusion. Right now EUR is testing old support, new resistance at 1,158 and should reverse lower from here again (good spot to increase shorts) and ride it further down (stops for new shorts need placing just above 1.1590). It should come back to the lower parallel quite soon and then make a good bounce before failing again. More as move develops.
Short
by sumastardon
1
USDTRY Analysis Turkish Lira aginst US Dollar has been running between the monthly demand zone (2.7974-2.5604) and monthly resistance area. As i expected, we had 2 nice reactions both from demand and resistance zones. Soon after consuming either of the monthly areas, we may see an abrupt and impulsive move whichever zone breaks first, probable outcome being upwards. Currently, Price just created a new daily supply zone above (3.0119-2.97204) and boucing out of the support zone (2.93236-2.89569). We may see some selling pressure coming around daily supply zone and we may have a small consolidation between those areas. Under these circumstances, we can practice 2 scenarios; 1- Black: We can confirm our entries on lower timeframes and look for selling opportunities inside of the daily supply zone if emerges . 2- Red On the other hand, if daily supply zone got broken upwards, we would again be willing sellers since we will end up being in the monthly resistance area. tradewithcan.blogspot.com.tr twitter.com
by Can.Yildirim
EURTRY AnalysisWe have tested monthly demand area (3.0824-2.8456) once and then, as we expected we got a nice selling reaction from monthly resistance area (3.4791-3.3764) Right now, price aciton is telling us that we may break daily supply or weekly demand zone easily by virtue of spending too much time to form both of them. But yet, if price reaches weekly demand zone, i would expect at least price to form some kind of a consolidation before breaking it downwards. I prefer to sit on my hands and be waiting some newly created opportunities to come up. tradewithcan.blogspot.com.tr twitter.com
by Can.Yildirim
AUDUSD AnalysisAUDUSD may give us a buying opportunity that can emerge once in every 2 or 3 years. After selling pressure and losing value for 5, two things happened at the same time: 1- We have seen Monthly Trendline reached and had a reaction upward fomr here. 2- Also, the price managed to break above 0.7385 level and has activated monthly demand zone(0.72425-0.68270) We are waiting for possible new daily demand levels to be formed and then we will be loking for buying opportunities to hold. tradewithcan.blogspot.com.tr twitter.com
by Can.Yildirim
1