RUT trade ideas
US Small Cap 2000 - Bears are in controlUS2000 - Intraday - We look to Sell at 1785 (stop at 1805)
Buying pressure from 1720 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 1730 and 1630
Resistance: 1780 / 1830 / 1875
Support: 1725 / 1630 / 1530
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US Small Cap 2000 - Bears are in controlUS Small Cap 2000 - Intraday - We look to Sell at 1790 (stop at 1810)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. With the Ichimoku cloud resistance above we expect gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 1730 and 1630
Resistance: 1780 / 1830 / 1875
Support: 1725 / 1630 / 1555
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Remarkable similarities to February2020 & August-September 2008 The current rollover in the market, featuring a clear double top with negative RSI divergence, is remarkably similar to the February 2020 & August-September 2008 rollovers. My opinion is that the current rollover will resolve with a large move to the downside in similar fashion to the aforementioned time periods.
Rectangle/Symmetrical TriangleRectangle with what appears to be a head poking out in the middle.
Symmetrical triangle inside the Rectangle also called a horizontal trading range.
Both are neutral patterns until broken.
Targets up listed for the rectangle if price were to break resistance of the rectangle.
I did not list targets up for the triangle as it will have to break the rectangle resistance line to reach any targets with the resistance to break being 1913.35.
No recommendation.
Price is sitting on the support line. Spinning top at support.
Lots of choices in life. The right ones and all the others (o;
Russell says Bears are FAKE NEWSI think this pullback is fake
The longer timeframe price action as shown here is unsupportive of the high being in on this move
And the shorter timeframes are becoming oversold
Probably the only thing bears have got going for them at this point is the dollar being oversold
Let’s see what happens!
GRI 2022
US2000 BACK TO 2000 ?- RUSSEL back to 2000
- Seasonally Russel is strong in DEC
- Seasonally Dollar is weak in DEC
- W-pattern + 1st Push unfolded
- Looking for stophunt high and low, then 2nd Push
- 2nd Push is run from 1850 to 2000 = MPP to MR2
- Also Demand-zone and 2 Deviation of Channel
- COT supportive of move higher, Dealers more short and less long
Weekly Ratio ChartsHere are the 4 main ration charts I look at weekly to give me a gauge of risk on vs risk off. Need to see see the riskier assets outperform before a new uptrend is confirmed. So far we can see a bounce in all the pairs, but the only one breaking out of a base so far is the small caps vs SPX. Discretionary, tech and growth are just bouncing back to overhead resistance at this point.
Russell 2000 (Small Caps) Hang 10!!!!To ride the BIG waves, you have to have intestinal fortitude! While everyone is BEARISH, you have to zoom out and observe what others can't see. The BIG ONE begins only as a swell in way the distance, but the well-trained surfer sees what will be!
The Russell 2000 Index has all the makings of a swell out at sea. The question is, are you willing to go out and GRAB IT!!!!
swing trading My name is Shavarie. I am a swing trader. Trade forex is what I do on a daily basis. At the age of 15, everything began. I got started in the financial markets because of my love for a wealthy lifestyle.
I wanted to succeed at this game in order to avoid working a 9 to 5 job and living an average existence. When I was a child, my mom worked hard nearly all of the time. She was typically exhausted from all the stress at work when she arrived home.
I therefore made the decision to choose a life of my own choosing at a very young age. My primary drive was this. Undoubtedly, I too had worldly aspirations.
The most significant one was genuinely living life on my own terms. I struggled a lot in school because I had an issue with my school average performance. I had no choice than to run my own business. But given your youth, lack of company management training, and limited funding, how could you possibly pull that off? After doing a little bit of research, I discovered forex trading. I loved the concept of making my money work for me, so I was determined to become an expert in this area. I can now declare that I have perfected this technique after 3 years. I traded for a living and lived an independent life. Freedom for me is the ability to do what I want every day.
It wasn't always that way. Numerous attempts failed, particularly in the first two years. While I was working at shady jobs, I blew up a few accounts. I wanted it so bad that I invested almost all of my side-hustle income into my trading account. This was one of my main issues back then, as I now realize. I was desperate for it. I wasn't actually trading since every time I suffered a loss, I wanted to recover it as quickly as possible. Most of the time, I was just gambling, and I always felt bad after a trade went wrong.The emotions were like being on a turbulence .Regardless of how much it was a struggle sometimes.
The thrill of trading was incredibly fun for me. I was motivated by the concept of using my money to work for me. I created techniques and put many of them to the test in an effort to master this skill set. I learned that there are numerous strategies for continuously making money in the markets, but most traders fall short in these two areas. Money management and attitude. I was aware that in order to succeed, I would have to become an expert in these two areas. And I carried it out in that manner.
Currently, other traders who want to succeed in this industry are using my knowledge. I'm not a financial advisor, but a reasonably skilled trader who knows how to master a trading skill set . When playing this game, consistency is crucial.
I can teach you everything you need to know to become a consistently winning trader who dominates the market because I have the knowledge and experience.
Swing TradingUp bars signal an uptrend while down bars signal a downtrend, while other price action indicators may be inside or outside bars. The key to success with this strategy is trading off of a chart timeframe that best meets your schedule.
There are also more strategies down below to fallow
Take fewer positions and hold for days.
It is critical that you understand the drivers of your currency pairs and have taken the time to really understand your market. Therefore, after studying the market and narrowing down particular chosen currency pairs, selecting a few positions and holding them for a longer period of time is a prudent strategy for traders. Another wise strategy is to put in stop-loss orders with all your trades to minimize any losses if the market moves against you.
Look at long-term trends.
There is value in looking at longer-term trends (daily/weekly) instead of looking at hourly or even four-hour charts. This will allow you to trade while looking at your computer only once a day.
Set up trading orders.
Setting limit, stop-loss, or other entry/exit orders can ensure you do not miss opportunities to enter or exit positions. Most trading platforms allow for these orders with no additional fees.
Use technology!
Set up automated alerts to your mobile phone or email to keep you informed of currency price movements while you are not actively trading.
swing tradingTraders, usually when just starting out to know many types of indicators such as MAs, moving averageges, and lot more. How common beginner's mistake is to apply a bunch of indicators to a chart without actually knowing how they're calculated to how to interpret their values.
The important thing is do not over complicate your trading system.This can lead towards something called analysis or indicator paralysis and contrary to what you were trying to achieve, it will only worsens your trading. Before using an indicator, it is crucial to understand how it works and what it actually indicate. Most beginners don't understand that indicator has essentially interpreted their price action in a different, supposedly easier to understand way.
IWM / SMALL CAPS - STRONGEST MARKETI have a few observations on the market from last week and going on to this week. Something to note, I'm looking at the WEEKLY chart and have a longer time horizon. This is very intentional. I want to demonstrate that PRIOR to any major market move, BOTH bulls and bears will get shaken out. It is very naive to assume that you can have a strong directional bias and only see a straight line upwards in your P/L.
Focusing on a smaller timeframe will result in some serious shake-outs on both ends of the market. Therefore, taking a step back and being able to see the larger picture can very much help tame emotions and see things for what they really are. Unfortunately, this is a rare character trait of the vast majority of market participants.
As of the close of last week:
Small caps are the strongest area of the stock market.
While Nasdaq, S&P and the Dow Jones broke below their prior June lows, Small Caps HAVEN'T. See for yourself. Even though the overall trend is DOWN, this is a major signal to keep an eye on. Small caps tend to lead in the breakdowns and breakouts.
Big directional moves inside a consolidation zone are not trading signals.
The news on 10/13, Thursday, caused a big sell-off that was followed by a massive rally. Everyone on financial TV and social media was calling bottoms, reversals and quoting statistics. Nonetheless a one-day move doesn't mean anything without a major trend change - which takes TIME (and patience) to develop. The following day, Friday, gave back most of Thursday's gains.
Here's the point - this type of price action is very normal in a sideways consolidations market. All big moves INSIDE A CONSOLIDATION ZONE can be easily faded in both directions.
The June rally took SIX WEEKS to build up. Using that as an example (NOT PREDICTION), we can spend a few more weeks in this sideways chop and that would be totally okay.
A fake-out move in either direction would not surprise me
I've donated far too much money to the market by "going all in" on break-out trades. It wouldn't surprise me at all to see a major breakout with an immediate reversal in the opposite direction. Moral of the story here is to wait for confirmation. A small position is a MUST on all breakouts, since the most powerful breakouts rarely come back to test the breakout level and we don't want to miss out on such opportunities. However, such breakouts are RARE and therefore capital preservation and risk management should be our HIGHEST & #1 PRIORITY.
PERSONAL VIEW
I still lean more bullish in the short-term (2-6 months), even with last week's wreck in the rest of the indices. There's too much negativity in the market among other factors. If my personal experience and observations after many years serves me well, such environment can sooner or later become ripe for a major squeeze. You don't want to fade that train.
Mid/Long-term, I'm leaning bearish for another major leg down. We'll need a good rally first to entice all the bulls back into the market. When you start seeing news about "the bottom is in" or "new highs" statistics, BEWARE!
BIBLE VERSE OF THE WEEK
"Unless the LORD builds a house, the work of the builders is wasted. Unless the LORD protects a city, guarding it with sentries will do no good." Psalm 127:1
RUT and roll? Excuse corny title. Am not trading much today so have time to make more dumb jokes.
Broadly positioned short over indices and waiting to see if they break. RUT looks like a high value entry so going to add some positions on this.
I think this may be lagging the other indices (I have most my positions in Nasdaq).
Simple 76 trade. Nothing new to anyone who's familure with my work.