DLavrov

DLavrov Updated 

A bullish candle is closed out of Bollinger Bands. It's a signal for opening long trades. We place a pending order above the high. Profit target can be near 43.50 and stop below 40.35.

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The bearish candle, which closed below MA100, gives us a signal that the up trend is over and we'll see down movement. MACD and DMI confirms short trades. We can place a pending order below the low of the signal candle and wait when price moves down and open our trade. Stop order must be placed above MA20 or the resistance level 4800. Profit target is 4700 level....

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Price stopped at the strong support level 1.3000. On the one hand we have a reversal candlestick pattern and possible RSI confirmation. It's a signal for opening long trades. But on the other hand, we have confirmation for down movement from MACD and DMI. It's a signal for short trades. So how to trade? Wait for price reversal and MACD confirmation for long...

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A bullish candle closed above Moving Average 20 and gave a signal of possible up movement. RSI confirms price reversal from MA and we can search for entry levels based on hourly charts. If MACD keeps rising, we'll have one more confirmation for long trades. The nearest profit target can be the resistance level, where we'll have to pay attention to price action. If...

DLavrov Updated 

Price bounced from Moving Average with period 50. RSI confirmed price reversal and MACD gave a signal for opening a long trade above 4780. Stop order must be placed below 4768 and profit target near 4800. The market is overbought and long trades must be with close targets.

DLavrov Updated 

Price bounced from Moving Average 50 with RSI confirmation. MACD started rising and gave a signal for a long trade. In spite of ADX is below 20 and it's confirmation that we don't have a strong movement, we can try to make some profit. Entry level is above 2181.00. Stop order must be placed below MA50. Profit target is the resistance level.

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If price really breaks Moving Average 20 on the daily chart, we'll to see down movement. Entry level is below 1328 and stop above 1340. Profit Target can be the support level 1310.

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Let's try to catch down movement one more time. We have a resistance level and price reversal confirmed by RSI and MACD. We have bearish divergence formed by RSI and MACD. We have double top near a resistance level. Is it solid arguments for short trades? Of course, yes. Will it be a profitable trade? Well... several short trades based on such signals were closed...

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Price is near Moving Averages 100 on the daily chart and it is a good reversal level. We can think about short trades based on hourly charts. Here is 4H chart with trend market conditions. If price reverses from 600 level and MA50, we'll be able to open a short trade below 580. Stop order should be placed above the resistance level and profit target near the...

DLavrov Updated 

Price broke MA100 on daily chart and it's a signal for opening short trades. We have down trend and price reversal from MA20 on 4H chart. RSI and MACD confirm short trades. Place a pending order below 552 and stop above 582. A take profit order can be placed near 500 level.

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When I waited for price reversal from 4700, 4750 levels, the trading strategy gave 2 signals for long trades. One of the signal is based on volatility breakout setup. You can read about such type of signal below. The other signal is based on trend following setup. The profit target is the possible reversal level 4800. And we can see that these 2 trades could be...

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Based on daily chart we have a price reversal from a support level. We can think about opening long trades on hourly charts. Bullish divergence is a good opportunity for entry. ADX falls and give a signal that down movement probably is over. Entry level is 101.57 and a stop order below 100.60. Profit target can be Moving Average with period 100.

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A bearish candle closed out of Bollinger Bands and gave a signal for opening short trades. MACD and DMI confirm down movement. Entry level is 1340.00 with a stop order above Moving Average with period 20. Take profit order can be placed a little bit higher then 1300.00 support level.

DLavrov Updated 

MACD and RSI formed bearish divergence and it's time for short trades. ADX starts falling and shows that probably up movement is over. Also we can have price reversal from MA100 on the daily chart. Entry is 1.1195 and a stop order must be placed above 1.1235. Profit target is 1.1105 asnd if price breaks this support level and MA100, we'll have the 2nd target near 1.0950.

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Some traders think that fundamental analysis is better then technical. But to my mind they are wrong. Let's look at this chart and try understand the power of technical tools. We have a blue trend line which was drawn July 20. The support level 4700 is a round number level which you can draw anytime. A resistance level is based on local swing highs. How does it...

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Price bounced from a support level. We have reversal candlestick pattern and confirmation from RSI. MACD also reversed and gave a signal for long trades based on hourly charts. For signals based on daily chart it's better to wait when ADX starts falling. Profit target can be near reversal zone. If price bounces from MA20, MA100 or 44 level, we'll see down movement...

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Let's think about possible trades for S&P500. We have an up trend which is confirmed by DMI. Price reached MA20 and could not break the line. Do we have price reversal from MA? It looks so with RSI confirmation. Wait for MACD reversal and after that we'll think about entry levels for long trades based on the daily and hourly charts. Profit target can be 2200...

DLavrov Updated 

We have a new buy signal based on 1H chart. Entry level is above 1353, stop order should be placed below the support level 1345. As for profit target it can be near resistance level 1370. This long trade is confirmed by MACD and ADX. Also you can see other trades which could give you good profit.