Looks like its bullish run may need some consolidation, anticipating due to daily candle reversal after GAP to new high failed and old high penetrated. I may hold this fora week if follows through... tight stop loss above recent high...this seems like a lower probability, but also low risk trade.
After a poor start to the bear spike lower than previous 20 day high, I waited for a pull back in 5 waves on the 1 hourly chart, and then an hourly penetration of the old high before entering a day later. Hoping it will see some follow through for a 95 pip scalp the second time.
I see some upside potential in DASH, due to the following signals: 1. Momentum Pinball shows very oversold levels, which historically has led to a good sharp rally 2. The ANTY is triggered today on a break of yesterday's highs. 3. The 1 hourly chart shows a clear spike on opening bar for the week, and volume interest is Higher than average. strategy: 4. I...
This is signaled by The Anty - a modified stochastic showing oversold on swing trade for a few days rally; It is also a Turtle soup signal as new 20 day low, but failed bear breakout with confirmed reversal on daily chart.
This is a new 20 day low failure of breakout - with a confirmed reversal on daily chart ( high of yesterday broken) to upside. Obviously risky as counter-trend, but high risk is compensated by tight stoploss -77 pips for +225 projection and volume point of control line target. Also equals last rally on dailies.... ( Double drive theory).
1.Seeing to take advantage of a failed breakout on a new 20 day low, the next day reversal ( plus 1). 2. There is a 'modified' ANTY signal - taking advantage of wave function 'oversold' levels' in a corrective technical action 3. modified ' momentum pinball, as not quite reached 20 line but again at levels where up cycle occurs - looking for 2-4 days only swing trade
The ANty signal- from StreetSmarts ' Also technically; 1. A double top; 2. a double drive up corrective termination 3. The Anty shows a mdified Stochastic function with oversold fast line, and slow line sloping downwards taking advantage of some wave swing up & down... 4. holding time 2-4 days only for swing trade down...
see ANTY strategy, basically modified Stochastic overbought signal, looking for 2-4 days corection only based on methods swing trades for STREETSMARTS
With the ANTY set up - oversold on modified Stochastic, and new up sloping slow line, possible buystop entry if breaks above Friday's high. Expect a 'pop' with short covering of at least 90 pips... stoploss below recent low -65 pips. This potentially could form a 2nd higher low on daily charts, which ceases to be strongly bearish and attracts buyers. OIL...
The Consumer discretionary sector is correcting in a Bull leg - it has done 'normal' correction so far in length and time; SO looking at a stronger leading stock in the sector - we have a similar action. As this places a slightly higher probability of the stock at least holding 'above' support zones below - a neutral to bullish options credit spread can take...
This is a second entry after scratching the first turtle soup entry a few days ago.... This time it went lower to a new >21 day low yesterday, then opened above that old low of 21.07 As rallied from morning, I noticed it showed another signal on /momentum pinball because I missed that low entry due to gapping up, so I entered on the break > high first 1 hour...
This is based on ' The Anty' strategy in which after a normal correction degree, there is at least the same or better recovery in price - a neutral to bullish strategy is bull put spread ( paid a credit) and with only 8 days until expiry benefit from time-decay at a fairly high probability scenario....it needs to close below 10.98 at expiry ( using european style...
This is from 'Streetsmarts" ADX Gapper strategy > It gaps down below yesterdays low and then recovers... place buy stop at old low with stop below todays low. I think its fairly high risk strategy, but low risk / low probability profile is acceptable if have a compensation of reward being much larger ( eg > 2:1 ) See how it goes today. Some added comfort...
Had to scratch attempt at this trade a few days ago for -7 pips loss. So this is a second entry with tight stoploss above recent high after reversal bar in European session.
This new high seems climactic...selling a break-back below older 20 day high level for a few days hold correction only. As a CFD trade, I will re-assess at close of trade today and if not in good profit may add a 'Guaranteed stop ' premium to avoid any surprise GAPS after weekend upwards.
Looking to see a reversal here using 80-20 strategy : previous day in overall bullish on dailies then have : 1. Open in upper 20% of previous days range & close in lower 20% 2. start of asia, a slight lower low by 10-20 pips then reversal back into previous days low 3. stop loss below today's low by 10 pips, should go into profit quickly * low probability / low...
This looks a little over-sold today : Sure, energy sector smashed today -5% and worst performing sector on asx, however, Its very over-stretched on the down side today. So this leading energy stock is good to BUY as a day trade only. Not holding over weekend. Only buying small ( about 1/3rd normal size) with a tight stop under low of day. Strategies ticked ( all...