FCPO Trade - 20 Oct'20 (Morning Session)- Price on slow and steady Uptrend; saw some Resistance at 2808 and price bar is small with average to low vol.
- Set Buy Stop at 2809; Entry Point triggered.
- Set Stop Loss (8pts) and Target Profit (12pts) and monitor trade.
- From Entry Point to the 5th bar, price slowly moving up but the vol. is getting lower and lower; decided to exit trade on the 6th bar with 4pts profit.
Volumespreadanalysis
<TradeVSA> Careplus - Pullback Completed in Hourly ChartDaily Chart
1. Potential change of trend with Green Pentagon
2. NS signal above 20 / 40 MA. Support is Solid
Hourly Chart
3. Pullback with Spring
4. Green pentagon completed the pullback. Strong closing with good volume
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
<TradeVSA> No Supply (NS) Appeared in Accumulation...What's Next1. Accumulation stage
- A shakeout with low volume during the accumulation
2. Buyer overall in control
3. NS bars near Support
- Price started to trade above 20 / 40 MA
- Trading in green pentagon
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
FCPO Trade - 19 Oct'20- There was a nice setup where we can see few downbars with increasing vol. We have SO bar on VSI vol. at 14:51. The next bar is a small body with low vol.
- Set a Buy Stop (middle of the trading range) and Sell Stop (just below the Support).
- Price hit Buy Stop. Follow the trade with Target Profit set.
- I did not use Stop Loss in place; instead I use my Sell Stop so that if the price decided to go the other way, it will close 1 Long contract and activate 1 Short contract (this is for advance method; for newbies, stick to Stop Loss).
Note: On the Stop Loss, why I wanted to put "-1" (before the my Target Profit got hit) was because that is the breakeven point should the market decided to go against my favor. As the market goes higher, I can raise my SL as well i.e. "-3" or "-5" and so on.
<TradeVSA> Pullback Trade in WidadStrength Signal in the chart:
Daily Chart:
1. Green pentagon bullish signal in re-accumulation
2. Pullback completed and supported with NS signal
Hourly Chart:
3. Green pentagon on 28 October confirm the pullback setup
4. Double NS in the mark-up stage with hourly pullback
5. Potential pullback trade, wait for another NS signal ?
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
BTC Showing Signs of Weakness - Drop to 10400 Possible #BTCUSDTThe price rejection at 10680 signals a reversal in the market and inability for support to form at these levels
The next significant support level is 10400 and the range between 10400 - 10600 may continue for a while as re-accumulation occurs
Easy Trade - Set Limit Order at 10800 BTCThe recent breakout of the 10500 - 10800 range confirms strength at this level and supports the further move up above 11k
If price retraces to the top of the recent range (10800) there is a very high probability it will rebound from there
Also, this entire range on the daily going back to Sept 21st is the fuel for the next leg up in BTC and the fuel has not been exhausted according to the counts on the point and figure chart
Wyckoff Point and Figure Count Short-Term Target for BTC 10657I did a point and figure count for the most recent small re-accumulation phase starting on Sept 21st to determine if that phase would signal rise in price
The price is currently hovering around the 10657 target and showing significant Signs of Strength, this is a good sign and signals a possible next leg up is coming
Retrace to 10800 likely in the Short Term in BTCThe GreyPool VSA Trading Assistant indicator is showing an upthrust in the current 1hr bar after a few up bars with lower volume and a no demand bar as the previous bar
The overall trend is strongly up but there will likely be a pullback here to at least 10800 before the daily close and the possibility of a rally afterwards
<TradeVSA> Pullback Trade in Inari & Inari-C66Strength Signal in the chart:
1. Spring as support
2. Hourly chart turn to green pentagon
3. Low volume on narrow spread bar
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Once More Into the Fray BTC - Down AgainAlthough we are in an accumulation phase, shown clearly on the hourly chart of BTC, the fact that price sliced through the top of what was previous resistance shows that it wants to go lower for another leg within the accumulation phase
Ideally, 10380 - 10400 would have have been support for an eventual further move up
A drop back to 10200 is imminent
<TradeVSA> SKPRES & SKPRES-CY ...Breakout from Pocket Pivot?Strength in the chart:
1. Green pentagon
2. High volume Line Change
3. Pulling back to support
4. Pocket Pivot
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock