Swingtrading
Need a Vacation with OOTO?This one just fired and vacation stocks likely don't care about semi-conductors. Who knows, maybe they even benefit from cheaper AI on a laptop computer!
This bull flag if it breaks out has a 7% profit target based on Fib Extension, with the algo backtest saying 5% take-profit and a 3.5% stop loss. If it hits 5%, I will go ahead and protect by selling half and then set trailer for 1.75% on remainder, with the intention of selling on the way up to 7%! But for now, I will just be happy if momentum continues to the upside!
The King Trading Momentum Strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes and even something that measures breakout momentum called Beta for this one! OOTO and over 100 equities are built into this script with optimal backtest take profits and stop losses and can be toggled on by simply checking a box (default they are turned off).
Chips No Longer Power Hungry?With news of DeepSeek overnight hitting semi-conductors, is there all of a sudden less need for power? Well if there is then the first place I typically go is ERY. This ETF trades as a Bear 2x leveraged ETF to XLE. This means that for every penny XLE goes down, ERY goes up two pennies... Developing situation here so will watch this one closely!
NVDA Stock Update: Downtrend Alert!📉 NVDA Stock Update: Downtrend Alert! 🚨
Attention traders!
As we analyze the current market structure for NVIDIA (NVDA), it's crucial to note the recent developments on the daily chart.
Key Observations:
Market Behavior Since December 20, 2024: NVDA has been in a ranging market, characterized by significant volatility.
Bearish Signal: We witnessed a huge bearish engulfing pattern, indicating strong selling pressure. This is a critical signal for traders to consider.
Break of Key Level: The recent higher high can now be defined as a Lower High (LH) as the base of the order block at $129.60 has been broken.
Expected Support Levels:
As we move forward, we anticipate the following support levels:
$124.94
$120.33
$115.78
We are particularly focused on potential accumulation within this Demand Zone. It's essential to stay vigilant and adapt your strategies accordingly!
Happy trading, and stay safe! 📊💼
Time to "ZOOM" back to winnings ways?On Thursday afternoon, the King Trading Momentum Strategy triggered alongside eleven other alerts, followed by five more on Friday. This flurry of signals doesn’t exactly indicate a “bearish” sentiment, but as always, the market has its unpredictable ways! With markets approaching all-time highs, I’ve been cautious, limiting my positions to just a few with low allocations in TNA, ADBE, PYPL, and XYZ.
When I analyzed Zoom (ZM), I noticed that it experienced a strong rally from July through the end of the year, gaining over 50%. Now, the key question is: has it finished consolidating, or is there more downside ahead?
Looking back to July, ZM’s performance suggests a classic bull flag pattern. It’s retraced to the 38% Fibonacci level, and during a two-hour window when the signal fired, the impressive “wick” formed caught my attention. Now, after a short-term pump, it’s retracing again, and I’m eyeing the 50% Fibonacci level as a potential entry point.
Unless Monday brings a major selloff due to concerns over the Fed meeting on Wednesday or the PCE data on Friday, I’ll likely use the usual morning volatility to position myself in this trade. Let’s see how this one unfolds!
The King Trading Momentum Strategy employs a robust combination of indicators: the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum measured by ADX+, and MACD confirmation. ZM, along with over 100 other equities, is integrated into this script with optimized backtested take-profit and stop-loss levels. Activating these parameters is as simple as checking a box (they’re off by default), making this strategy both powerful and user-friendly.
Time to Enter MDB Again?On Thursday afternoon, the King Trading Momentum Strategy signaled alongside eleven other alerts that day, followed by five more on Friday. This activity doesn’t exactly scream “bearish” to me, but the market has a way of keeping you on your toes! With markets once again approaching all-time highs, I’ve been treading cautiously. My positions have been limited to just a few, with low allocation sizes in TNA, ADBE, PYPL, and XYZ.
When I looked at MongoDB (MDB), I found myself wondering why it was hammered after posting a double beat on earnings and providing decent guidance. It turns out the recent drop was primarily driven by the announcement that Michael Gordon, MongoDB's Chief Operating Officer and Chief Financial Officer, will be stepping down on January 31, 2025. Is this reaction overblown? After all, the company delivered a strong earnings report.
That said, MDB seems to have planted its bull flag in the ground. Even if this news creates headwinds, there’s a possibility it could retrace back to the 38% Fibonacci level. Even if the broader market eventually pulls MDB lower, this setup suggests an 8% potential upside, and I’ve set an initial take profit at 5% with a 3% stop loss. If this can hit the take profit, I will sell half to protect the trade and then set a trailing stop loss of 1.5% on the remainder, trying to sell of much of it as possible on the way up!
Unless Monday brings a complete washout due to fears surrounding the Fed meeting on Wednesday or the PCE data on Friday, I’ll likely use the typical morning volatility as an opportunity to enter this trade. Let’s see how this one plays out!
The King Trading Momentum Strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes and even something that measures breakout momentum called Beta for this one! MDB and over 100 equities are built into this script with optimal backtest take profits and stop losses and can be toggled on by simply checking a box (default they are turned off).
Gold - This Resistance Decides Everything!Gold ( TVC:GOLD ) is retesting massive resistance:
Click chart above to see the detailed analysis👆🏻
All bullruns will eventually end with a consolidation or a correction but on Gold it is clearly not certain whether this bullrun is actually over or not. We are seeing a lot of indecision price action lately but in order to turn bullish, Gold has to break this resistance.
Levels to watch: $2.700, $2.000
Keep your long term vision,
Philip (BasicTrading)
Long Setup GBPJPY👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 timeframe ICT Long setup in
GBPJPY for session trade (a couple of Hours)
Here is a session trade idea Sell limit order level for reference, TP and SL in pips
Cancel limit order before any great news in Forex.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Nightly $SPX / $SPY Predictions for 1.24.2024🔮
📅 Fri Jan 24
⏰ 8:30am
📊 Core PCE Price Index m/m: 0.1%
📊 Employment Cost Index q/q: 0.8%
⏰ 9:45am
📊 Chicago PMI: 36.9
💡 Market Insights:
📈 GAP ABOVE HPZ:
A further gap up would lead to it holding for a little, then dropping back down into the EEZ.
📊 OPEN WITHIN EEZ:
Trump mentioned he will try to lower the rates. Let’s see how the markets adjust to it, but definitely expecting a little more bullishness to the upside.
📉 GAP BELOW HCZ:
A large recovery will allow the markets to tag the red lines before closing slightly lower below the weekly HPZ.
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
SHOP Go Long! Will it break out this time?Recently SHOP has retraced and held the 50% Fib level and has been trading within a channel where it is about at the mid point of it. The King Trading Momentum Strategy yesterday issued a buy signal. This strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes. It has been forming a bull flag on the hourly and pre-market suggests this may be ready to break out. I followed the signal and bought a half position, looking to protect the trade at take-profit of 4%. During backtest this proved to be an optimum area and a stop-loss of 3% is warranted. SHOP and over 100 equities are built into this script. If trade protects at 4%, a trailing stop-loss of 2% will be adhered to in order to lock in as much profit as possible if this stock breaks out of the descending channel! I'm thinking its not too late for me to add to this position given typical morning volatility.
AudCad should follow the trend.Looking for Impulse Down.
AudCad now at Daily FVG area. I am expecting it will follow down trend to take lower liquidity. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you gain better knowledge. If you have any question ask me in comments.
Learn & Earn!
Wave Trader Pro
Apple - The Path For 2025 Is Clear!Apple ( NASDAQ:AAPL ) is reversing towards the downside
Click chart above to see the detailed analysis👆🏻
Over the past couple of months Apple rallied more than +50% without showing any weakness on the smaller timeframes. Some profit taking is totally expected and with market structure perfectly aligning, this could develop into a significant correction.
Levels to watch: $250, $200
Keep your long term vision,
Philip (BasicTrading)
HD TREND BULLISH Home depot - Bullish
Key points :
Tech View :
Weekly - Uptrend and Strong Support Level
Day - Higher High Makes ( Uptrend )
Wait for Little Bit Correction .
Entry - 398 $
Stoploss - 379 $
Target - 429 $
This is Not a Recommendation . Only for Educational Purpose ..
Thank You .. Happy Trading ..
USDCHF: Bearish Reversal Confirmed?! 🇺🇸🇨🇭
One of the setups that we discussed on a today live stream was on USDCHF.
The price violated both a neckline of an inverted cup & handle pattern
and a support line of a rising parallel channel on a daily.
The broken horizontal support and a trend line compose
the expanding supply zone now.
With a high probability, the price will drop from that at least to 0.9047 level.
❤️Please, support my work with like, thank you!❤️
stock for swing KRN Heat Exchanger and Refrigeration Ltd
TF-1DAY
The stock was in a consolidation phase and now it has broken the upper side level.if this candle sustains the 880 level then make plan for entry
STOPLOSS-820
TARGET-940-980-1000++
KRN Heat Exchanger and Refrigeration (KHERL), manufactures fin and tube-type heat exchangers for the Heat Ventilation Air Conditioning, and Refrigeration Industry.
GBPUSD Week 4 Swing Zone & LevelDynamic Take profit, dtp allows trade to catch big moves. These are set based on price momentum. Last week provided a humble 40pips.
Initial Swing Zone/Level are calculated at
Zone: 21599-21549
Level set as shown. Either a or b could play out, as determined by Price action.
As price breaks or bounces off these areas, new zones/levels will be recalculated.
Happy trading week