Unlimited Fly Cast Spooooooool All Week on the SP500What a snoozer for Real Traders. Buy and hold as we grind to new highs daily but the total range for the RTH this week as about 15 pts in all reality!! 20 total from the open!! CME_MINI:ES1!
Volumepriceanalysis
Crude has had a super nice run, looking like 2nd leg finishing! NYMEX:CLX2017 We are seeking a move back to 48 over next week or so back to comfort zones
Soybeans look ready to run againAfter a nice pullback and test it could be time to start another move to the upside as long as 930 holds in Beans!
$NQ_F same prices as market open on Monday am, 48 hours Later Nasdaq gapped up to these prices Monday at Open so in 48 hours we have gone nowhere. Much Ado about Nothing so far after failing to make new all time highs in the NQ and Russell and Dow, only the ES has gapped and made new all time highs this week. We see a chance to test the zone lower if we can't close over new highs by week end!
$BTCUSD still plunging and looking like $3700 is next moveCME_MINI:ES The 4 hour chart points lower and rallies continue to rotate lower and lows expanding lower $3700 next stop.
GBPUSD SHORT PROJECT (H4/Daily)GBPUSD faced strong resistance at 1.307x/8x area which may become point IV of a grand bullish formation if this level holds well.
There is a number of factors which support this possibility:
RSI is showing bearish divergence at H4/H1/m30 timeframes.
The volume showed support for possible reversal of the recent bullish trend.
Currently, the price is floating in nearly the same area as when the previous day session started. Neither side is being supported by significant volume change.
If this accumulation phase is followed by bearish candles backed by spikes of medium/high volume, it will be the strong confirmation for further move to the South.
Taking all this into consideration (especially short SL vs good potential TP), even though though no bearish WW is currently active, 6 positions were opened.
Buy 750 points / 75 pips!we have a good oppurtinity to buy, don't forget the main trend is UP Trend!
It is just your personal desicion if you win or lose, be careful and follow your own Strategy and System!
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** EUR/AUD 4HR Update. Short Opportunity**Price rejection at the resistance area. Now its the time to short now with a good RR ratio.
1.4866 region is TP 1
1.4781 region is the TP 2.
GL
EURAUD LONGNice downtrend chanel, but what is happening in that accumulation on then top of channel? High volume activity on lows indcates me that market makers are filling long orders.
I expect that boys will break this chanel and will go test high from past.
Massive Down Trend !!In this Chart we are seeing a very weak Trend *weak = down movement* it all started from there 3 little up bars
look at their volumes, very low, and every up bar with low volume it means lack of demand.
no look at No Demand 2 it tried to test the Demand, the result was no demand! it's very good signal of the down trend.
so we have 3 targets, and each target the prise will take a break to test the demand, if we found high volume on the up bars it could be an alert to exit the short trade,
however, the Resistance 2 it's diffecult to predict if the price will reach this level, because we have the channel down line, and another resistance line, maybe the candle or the bar will have a very long tail then maybe it will close away from the buttom then it will be a signal to continue rising!
It is just your personal desicion if you win or lose, be careful and follow your own Strategy and System!
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Bitcoin Near-term Support LevelsOne month chart showing current support levels in bitcoin based on price action. These levels can be used to set stops or find entry targets. For the curious, P.OC = point of control (see Volume Profile for more info)
OMEX Long Opportunity Diamond/Cloud Breakout/Vol MovAvgExp CrossI have NO idea what the fundamentals are on this stock. I only know what I see here on the chart. I am an intermediate scalper/order-flow/tape-reading and technical analysis stock guy. OMEX caught my attention. I've been testing scanning and new ideas.
Moving average cross of the ~50 over the ~200. All aligned well with the trend aligned up. Ichimoku Breakout on the daily. Diamond pattern. Bull Flag. Bam! Highly manipulated at this level but the TA says what the TA says. It is also trading above long term price on volume. Check it out!
Volume could definitely move this.
NZDUSD long idea (m30/H1)The long blue wave was formed at m30/H1 time frame and once successful, it will become the natural part of the major yellow structure.
As the bulls have been keeping pushing this pair up without significant resistance since 11 May 2017, the minor pattern has good chances to succeed even though currently it is not being supported by RSI divergence/volume/data.
I expect the major resistance to start only at the previous maximum area (point III*).
Opened 3 buy positions at 0.7428, SL 0.7389, TP 0.7470/0.74984
EUR/AUD m15 volumePrice move away form distribution box in short direction after creating SOT pattern and Spread candle type. Good strong down reaction of price.
Potential short after retrace.
CAD/JPY H4Pair from beginning of June on h4 timeframe was in an uptrend.
Now it is possible to observe that Demand is decreasing and SOT formation created.
There is also typical "spread" candle typical to end of trend and price start to be in an accumulation.
I will be looking for sell signal based on cumulate volume indicator.
Also price is in control of Daily Supply zone.
Reversal looking likely here. Need confirming volume. The last few days large blocks have started coming in. The largest block out of all was 150k shares within a 3 minute time period.
*Nice Long*GBP has been recovering from short-term drop due to election loom, given the fact that it didnt break the support trend line clearly. *1.29285* would be a good long entry and TP at 1.304.
Trade Safe
Watch for Bitcoin Weekly Shooting Star Reversal CandleI've been consistent in my analysis since July of last year (see related ideas). It certainly surpassed my projections. The mainstream media is finally covering bitcoin AFTER it has rallied $2000 or moved up at least 300%. Now, "experts" will explain this rally to you and justify why "this time is different." I view this as a major sell signal (i.e. optimism at extremes).
www.cnbc.com
Book recommendations:
Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism
This Time Is Different: Eight Centuries of Financial Folly
