2 days ago Applied Materials found support level at $47.2 This was a good opportunity for traders to take a long trade. 2 days later it flew to $49.8
USDRUB reached a peak yesterday and late in the night in retreated back to its opening price, which was extremely low.. This was a good sign for traders that something was up, a small short trend was about to occur. This morning it moved 1% down...let see how further can it go.
Thomas Cook plc 5 days ago reached a 3 year peak. It then flirted with that high for a few more days until it dropped today. There was a warning for traders a couple of days back that a short movement was coming.
Anglo American announces earnings tomorrow..a day earlier, today...it fell 3.5% in 4 minutes. Most traders took short positions on Thursday were the stock fail to progress further.
Rio Tinto gave a clear warning 3 days ago that it wasn't going to continue further. It halted for 2 days..and all of a sudden it collapsed down 3,5% in 3 minutes..astonishing.
H&M was climbing for many days until it run out of fuel..and then a 4% drop came. The ones that prepared days ago did well today.
Cigna Corp reached a point 2 days ago that it couldn't hold its ground anymore after days of climbing. Traders took position and today morning, with bell opening it broke severely. Moved 2.5% intraday.
GBP/USD reached a 2 year high last night and then struggled to continue. This was a good sign for traders to short. This morning, it collapsed.
Lumber has reached a peak, after weeks of flirting with all time high territory.
US Corn, commodities, was flirting with high prices for quite some time. 3 days ago, it struggled passing the 392 mark. This was a good sign for traders that it was resisting to move further. 2 days later it collapsed to 372.
Trading is all about deep thinking, combining ingredients, knowledge, information and trying to solve a puzzle. Every trade is different, every technique and strategy varies, and no set up is alike, only has similarities. Today, Nasdaq collapsed..95% of its stocks were in the red. Yum! Brands warned about this coming along with some other stocks 4 days ago when...
EL Inc last night reached its highest point giving traders a good opportunity to short it. This morning after a bit of struggle, eventually gave way to a nice short and eventually resting at 145. Always, when shorting, take the highest price possible. This gives you a good opportunity to exit earlier that expected once you reached your target.
Part of my job is to identify peaks and bottoms. Then, I form a trading idea and devise a strategy. I always set my trading goal and my stop. I don't fight the market but only embrace what comes my way. Here you can see Swisscom AG has reached a bottom after 8 months and stayed flat. The market gave an indication that it might be moving up. I took position. When...
After several days of climbing, Adidas AG has reached a 365 day high. They say, once you've reached the peak, better enjoy the way down. If you would like to receive my trading ideas before they happen, you can message me.
What I am looking for is peaks, bottoms and where stocks struggle. Here we can see that RWE AG is in a flat territory for the past week or so and possibly be forming a nice short. Lets see!