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Trendfollowing

Palladium Setting Up To Go LongPalladium had a nice run between 2018 and 2020 with a rise of 245% during this period before the Covid-19 pandemic hit price. From that point, price created an all-time high at the time of £2875, then there was a sharp decline to near the $1500 round number. The round number and the 50 simple moving average cushioned the fall and gave price enough support to find its footing. Price has slowly been climbing back up, using the 50 simple moving average as support along the way, and went on to create new all-time highs last month at $3017. The previous all-time high is below price and has acted as support already and may be the base price needs to help it to continue creating record highs. If price can break and close above the recent high, this would also take price above the $3000 round number and allow us to look for a position in this commodity. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUMLong
by Sublime_Trading
S&P Trending Higher and Higher!Friday’s candle confirmed a continuation of the uptrend with a break and close above the previous high. Record highs are consistently being made in the S&P 500, and we could go on to see a trend lasting the rest of the year. The current trend is using the 20 and 50 simple moving averages as support. The most recent pullback came down and bounced off the 20 simple moving average. Both UK and US stocks are continuing to perform well, and many are offering us compounding opportunities. Stocks that are breaking out from long-term consolidation are forming neat linear bullish trends. As we advance, both the 20 and 50 simple moving averages should continue to act as support. With the 50 simple moving average near the $4000 round number, this cluster makes this zone a strong level of support should price decline this deep. As for now, the trend is strong and should remain so as long as we keep seeing higher highs and higher lows being formed on the daily timeframe. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
2
An oppertunistic shake-outSince I've posted the previous chart (on 1th of may) we can see the TTM squeeze hasn't completed yet (marked in upper chart with yellow circles). But in my previous post, I've also explained how I use this DMI indicator to signal the start of a new trend. measure the fading trendline untill its end. track the intermediate bearish pushes up till strength 40 The focus on strength 40 wasn't the right way to look at it. All the pumping happening at the time got to me, making me grow impatience. Because since I've posted that chart, these pushes became more dominant. And now we have had two consecutive bearish pushes. This can be described in two ways. The first explanation (oppertunistic shakeout, my prospect. Previous analysis still applies): When the trend is stale in both directions, it doesn't take a lot of force to move the price significantly. What this means is (I try to explain in layman's terms) less bears are necessary when the bulls are absent and vice-versa. The price shift is caused by opportunistic trades and do not have a fundamental catalyst. This does not cause a change in prospects but is psychologically torturing traders with long positions. The second explanation, the reversal engages and a trend down is set. This is a premature conclusion and the chart is misinterpreted. I like to point out, misinterpreted. Not a false signal . It is extremely hard to predict a reversal (means charting before a reliable confirmation signal has happened). The DMI can be used for these things if used accordingly. We have 3 points in our chart that tell us we can't predict a reversal 'reliable'. 1. If we were to chart a new trend, this can only happen after the current trend halts. - An example of a flaky trend stop signal would be on 23rd-24th april. - An example of a clear trend stop signal would be on the 20th of march No trend halts abrupt, nor is the halt always very clear. But we can see pretty obvious that the combined trend hasn't dropped below 20 since the 1th of may. It has come close to 20, but didn't drop below it. And even if it did, it would take an additional bar (longer silence = more reliable) for an acceptable trend stop according to my own methods. 2. Both bearish pushes had less strength than past bullish push 3. The second bearish push was weaker than the first one, while the last bullish push was stronger than the bullish push before that. If you enjoyed reading this please leave a comment. If you have any questions, please DM me. I can imagine you have questions, i am happy to answer them personally. As I am a small analyst with few followers, comments actually give me huge dopamine rushes.
Education
by UnknownUnicorn12005085
1
Don't fight the WORM, Ride ITWe act upon the stories we tell ourselves in our heads. Make sure the stories you have are aligned with the market reality. So here is another story, the market trend is like the WORM from the movie DUNE, when it comes, you don't stand in its way, you let it pass you and then you jump on its back, holding on with your hooks. LETTING IT take you to your destination. ------------ We SEE the worm We UNDERSTAND the worm We TOUCH the worm We ARE the WORM ------------
NYSE:XYZEducation
by ZoharCho
5
Hecla Mining - good buying spot if it can break 6.5 USD?Hecla Mining is in a fairly new upward trend and is now at the bottom of a rising trend channel. I would be looking to buy if the stock price can cross the small black bar - that is around 6.5 USD. It benefits from increasing silver and gold prices (which is seen in the increasing net income) and the company is the largest primary silver producer in the U.S. Earnings report is due in two days - so the cautious investors could wait for the report.
NYSE:HLLong
by M_Andreasen
NZDJPY - AB=CD PatternOn the 1hourly chart, NZDJPY shows an AB=CD Pattern, this is not the usual harmonic pattern I will be trading, but why now? Well, on the 4-hourly chart there is a head and shoulders formation, having the long shadow candle close or some may know as pin-bar isn't enough for me to engage the trade. I'm using this as a trend following technique and I'll wait to engage the trade after 9am(+8GMT as I love to wait for the market to settle down from the market open volatility.
Short
by RaynLim
S&P 500 Due A Breather?The S&P 500 continues to trend well and has been making use of the 20 and 50 simple moving averages as support. On April 1st 2021, price finally broke above $4000 which was anticipated to be a potential strong level of resistance. Price broke through with ease, forming a linear move to the upside. A pullback is due as price has seen a nice move upwards, so some selling off is natural. We just need to identify levels of support price may come down to. We have the 20 simple moving average, the $4000 round number, followed by the 50 simple moving average. Whichever level acts as support is irrelevant, we just need to continue to see a pattern of higher highs and higher lows to confirm the uptrend is still in play. Overall, the stock market is bullish and we may well continue to see bull trends throughout the rest of the year. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
SP:SPXLong
by Sublime_Trading
Palladium 23 Points To Breakout!Palladium should not be ignored even if there are strong moves happening in other markets because this commodity has the potential to trend well long-term. The trend between January 2016 and February 2020 saw a 542% move to the upside allowing for the accumulation of simple profits during that period. As expected, price went into consolidation following such a strong move but within this consolidation period, price has slowly been climbing its way back up. On the weekly chart shown, we can clearly see that price has been using the 50 simple moving average as support to assist it in climbing higher. This week price came close to breaking out above the all-time high at $2875 by just 23 points, so there is good progress since our last post. If price eventually breaks out, we anticipate a strong trend in the direction of the breakout. We will also need to wait for a break and close above the $3000 round number which is a psychological level of support/resistance. Patience for now as we await that breakout. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUM
by Sublime_Trading
EUR/USD: Extending March gainsConsolidation around 1.2000 has given way to the anticipated break higher, with rising intraday studies prompting a break to the 1.2035 Fibonacci retracement. Daily readings are also positive, and weekly charts continue to improve, highlighting a more robust tone and extension of March gains towards the 1.2115 retracement. Meanwhile, support is raised to congestion around 1.2000 and should underpin any immediate setbacks. A close beneath here, however, would turn sentiment Neutral and put prices back into consolidation above 1.1943/50.
Long
by Continuum_Economics
Total Crypto Market Cap Excl. BTC Escalation 1 to 2 TRILLION1T Market Cap was reached violently, topped at 1,117T, in three weeks starting from 577B on March 25th. The option of an accumulation area at this level is now reasonable. February ATH 700B was followed by a month and a half of retracements and accumulation. Now the RSI is in overbought area as well as in February in the daily chart, but the weekly chart is still super bullish pointing directly to 1,25 T at least. I won't worry anyway, 'cause in 2026 the total crypto market is expected to rise to 11 Trillion by traditional investors...It might be far bigger.
CRYPTOCAP:TOTAL2
by Paolo-Brich
4