BobVanders

BobVanders

Hi I've revamped this bot mentioned in the linked idea to make it work with v4 of pine. In doing so there are some very significant changes to how it works. The main one is that it no longer uses traditional daily pivot calculations to calculate the bands. It creates a more dynamic intraday set of pivot points based on recent price action rather than yesterday's...

BobVanders

Pennant consolidation into prior highs and area of resistance. NOt a bad place to look lon in my view. Could be a bottom forming after the chaos.

BobVanders

Simple trade really, price has gone bullish again after recent fire sale, you might get a nice long entry off the daily pivot point today either for a day trade or a longer hold. Should be easy to keep risk contained at that level and with current volatility I expect gains could be big.

BobVanders

Strong 2019 for TLT, consolidation towards end of year. I believe 2020 should break out to the upside and we're currently consolidating. A good time to buy in my view - easy enough to keep risk low and try for a long.

BobVanders

SPX so strong since 2009, probably a number of reason why but the why doesn't really matter. Although the chart looks very extended it's too strong to short imo. This kind of chart tends to trigger a psychological bias in us that it 'must' be about to turn around. In reality it might not. Bad news doesn't seem to dent it so it's not immediately obvious what will...

BobVanders

Really strong move for gold in 2019, and then a period of retracement towards the end of the year. Now broken out again and made a new high. Just dropping back to back test prior high IMO and a good time to buy. A sensible asset to hedge dollar weakness when the fed and other central banks are in batshit crazy mode in my opinion.

BobVanders

Oil failed to break prior resistance so technically I expect a return to prior support. Fundamentally it fits, with a market awash in supply and weakening demand. Short now target the 50s. The closer the target the more likely you win!

BobVanders

Gold in an upward channel. Measured move out of the consolidation would take us to top of the channel. So for this trade better to get entries as close as you can to lower trendline - then your risk is reduced as you're entering closer to a stop level. Alternative scenario - if the upward trend breaks, then look for shorts from close to the rising trendline -...

BobVanders

Gold 0.06% been trending upwards nicely in a channel, off an inverted H&S bottom and break of the downward channel, pushing through some key levels. Lots of data tomorrow too in EU and US. Could push this around and give us continuation or a breakdown. The channel is clear and some other decent levels to watch for opportunities, keep an open mind on direction...

BobVanders Updated 

There are signs a top may be forming here. We've had a very extended bull run, and now we're beginning to see very clear divergence between price and RSI on the daily. Divergence alone is not a setup. Divergence can continue far longer than most people are prepared to hold a drawdown. It's just a reason we might look for more defined setups to trade. The key...

BobVanders Updated 

Fairly clear double bottom gone in at the 15.7 level for Silver, and the direction has changed as we see in the rising channel. You can see we've broken through at zone of support and resistance at 16.2 and that should provide a base now for us to move higher. Look for long positions from close to the bottom of the channel, to capitalise on this move. I believe,...

BobVanders Updated 

Accompanying the hourly chart on Silver, we see bullish divergence from the last few lows in the price, and we've also seen a good reaction at a previous area of support and resistance. You may want to look at my hourly chart for silver (linked to this idea) to refine an entry on lower timeframes, but I believe even if we remain in this mid-term bearish trend...

BobVanders Updated 

Simple short trade setup. Seeing resistance at the 2272 level, let's see if it works again. Look for an hourly bar to close below the green line - breaking the inside bar setup - and enter short. Use lower timeframes if you prefer to refine your entry. Target lower red line initially, but beyond that look for new lows. There's a good case that a reversal is due...

BobVanders Updated 

I've entered a small long here, off the support above $52. This support goes back a long way, look at it on the weekly. I'm targeting the retest of the pink up channel we just broke, or the blue horizontal channel. Longer term though, I think oil looks extended, and I don't think supply is set to fall much. So I'd be interested to look for a short position...

BobVanders Updated 

You can see a triangle formed on the uptrend from february, now broken. We also broke from an extended inside bar consolidation (yellow channel). If short from higher there's a good case to keep something on the table here. If not, a break of 18k should offer a pull back and retest as resistance. If that holds should be a good entry for the green levels...

BobVanders Updated 

Purists will tell you not to trade the H&S until the neckline breaks. I tend to prefer the outcome of looking for a nice reversal on the right shoulder, because you're already in a zone of resistance as proved by the left shoulder and head. If you do see a good reversal pattern at this level, you have a good chance of returning to the neckline as an initial target...

BobVanders Updated 

So on Friday 13th May, we have seen the classic head and shoulder topping pattern confirm here on a lot of major indices. You could apply this thinking also to S&P500 and its derivatives Spy etc. So the head and shoulder neckline break, all in shorts right? Wrong. Note the orderly bearish action, respecting fibs very tightly on the way down. Also note the...

BobVanders

Worth looking out for reversal at point D here, which would form a pretty perfect bullish GArtley.. Bullish Gartley is a continuation pattern of consolidation. If we reverse around the 91 mark, then we could be retesting the highs this year.,