Weekend
ALRN Weekend Data CatalystALRN had some weekend news. Will be interesting to see if it can break above a near-two-year resistance level. I didn't show it all the way back to November of 2018 but if you take the chart out further, you can see this level holding as resistance.
"Saturday, the company announced new positive clinical data from its ongoing Phase 1b trial. The trial demonstrated clinical proof of concept that treatment with ALRN-6924 prior to second-line topotecan administration resulted in a protective effect against severe anemia, thrombocytopenia and neutropenia. This was in patients with p53-mutated small cell lung cancer. The results were featured in a late-breaking poster presentation entitled, 'Prevention of Chemotherapy-induced Myelosuppression in SCLC Patients Treated with Dual MDM2/MDMX Inhibitor ALRN-6924.'"
Original Quote Source: 5 Penny Stocks On Robinhood To Buy Under $2; Are They Too Risky?
SPX To 3500 by Friday, Weekend Update - 3800+ ComingThe aggressive pullback we saw after President Trumps tweet was the perfect set up for a bear flag to form and push down further. That didn't happen, instead all the market did was push and grind higher.
This tells us, all time highs are coming. This tells us now is the time to be aggressive. The market still needs a consolidation, a 4 hour higher lower. But it wants to go higher.
Look for a pullback Monday/Tuesday with a push up to 350+ for Friday.
It's important to understand when the market is consolidating, trading in a range or chopping around. It's even more important to identify when it is in an aggressive uptrend. Now is that uptrend. Now is the time to be aggressive.
If you missed out on July/August runs or suffered from FOMO off the March lows. This is your opportunity. This is the time you need to take advantage of the uptrend.
BTC - AT THE MOMENT THIS SHORT TERM SCENARIO PLAYED OUTHello, the short term scenario mentioned in the attached idea below played out.
We are also within the two channels that are holding since March. The break of the 11k however occurred during a weekend, let's wait for few normal "business day" to make sure it is not a fakeout.
How to Trade Gold, Going Into the Weekend [XAU/USD]Like I explained in my previous ideas, I am still bearish on gold.
First we had seen a bearish double top here on gold, but now we get a sudden retracement back up just before the weekend is coming.
I keep my bearish bias, but could see a temporary increase in price here to form something like a right should of a H&S pattern.
If you weren't shorting gold already, this could be a good moment to wait for a slightly higher price and enter the short again for a good risk reward on your trade.
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Disclaimer!
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#BTC - Ascending Triangle - Up or down?What's up, my nerd #dizzles?
lol i don't know which side we break from this triangle, i am short from 7700 my stops are moved to profit in 7650, see those wicks on both side?? hence i don't know, only thing i know are the targets, once we break & close above the trendline that is when you should enter the trade, either Long or a short
The last 8 weekends, BTC/USDT only went up ONCEThis is to warn you. Be a little bit careful here on BTC right now. The weekends have not been bright recently. Notice how every time the price went down in the weekend (weekend marked by the yellow lines on the chart), except for the weekend of the 23rd of February.
Also, notice how the volatility increasess every time directly after coming out of the weekend. Obviously these findings relate to the fact that BTC is incredibly correlated with the regular stock market at the moment.
A second interesting finding is that frequently after a drop , the price went up quite a bit directly on Monday. This is also something you could try to to monetize with a tight stop loss.
For this idea I will follow the recent history and give my bearish signals. I don't see any reason why this time it should be different for BTC .
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Disclaimer!
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Possible AUD/JPY Long Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Chart time frame - H4
Timeframe - 2-3 Days
Market Direction : Long Position
A – Activating Event
Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 67.2
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 67.2
Target 2 @ ....
Risk/Reward @ 2.1
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
BTC Weekend Trading Opportunity: Gap Boiz Watcha Gonna Do?Almost immediately after CME closed at Friday's bell, the weekend fackery began!
Bitcoin saw a steep decline off current resistance from $8500 and is picked up at support above $8200.
BTC currently trading above $8300. Without 4h closures below $8200 this weekend, look for a gap fill come Sunday/Monday/Tuesday/(?) when the real traders take the helm.
At this moment, three things are likely to happen...
1. Price action ranges through the weekend and ends up on the upper end of the range and no gap is created on opening bell at CME on Sunday. (Go long from here)
2. Price action ranges and ends on the lower end of the range. A gap is created, then filled sometime in next weeks trading. (Go long from here)
3. BTC takes a deep dive from here and no gap fill (4h candle closes below $8200 leads to continued macro downtrend). (Short after confirmation of $8200 break)
And yes, of course BTC can rocket past CME close before the weekend is over to create a gap to the upside, but based on current price action a movement like that is possible, but unlikely. If you see 4h closures above $8500 or (4H 21 exponential) and you are not already long, you might consider to do so.
People ask "What is the significance of CME Futures contracts?". The reason why CME trading has significance is due to the fact that this is where the experienced, traditional traders trade. Real traders do not trade on Bitmex, Binance, etc. The smart money is at and trades with CME.
So...do you take the weekend off and enjoy your life?
Or do you trade for a gap fill from the current range?
Alway be prudent with your trades!
Plan before you trade.
Know your entry.
Know your take profit area.
Use a stop loss.
Understand the amount you are risking.
Do not over leverage.
Happy trading to all!
Let's be rich with ideas, love and happiness beyond all monetary value.
💡❤️😃🙏 > 💵
Novelty use only. This is not financial advice.
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