


JaydTrading
Hello. It's been a while. :) I found DAX interesting, so let's talk about DAX. So... I am waiting for the price to enter the light orange circle which I marked on the chart. Then wait for a entry pattern, if any, and enter the trade (long). If the price eventually drops below 9119-9336 and takes a rest there, I'll probably anticipate another bearish swing to...
01/21 - 01/29 strong bullish move. 01/04 gap + 01/28 spinning top + 02/03 re-test --------------- my plan----------------------------- If the price goes above my entry line, watch for a intraday bullish trade. If the price moves below my stop line, the odds are gone. Take JNJ off the list. If the price moves below the stop line but then form something else...
LOOK AT THAT CANDLE! and its volume. and this candle's location. and the number of bounces of this location. ----- my plan ---------------------------------------- Will consider a bullish trade if the price moves above 94.75. (day trading)
I guess I'll wait for a double top, then see what to do with it. Maybe I'll also wait for a re-test, in case the breakout of that double top turns out to be a false break. I don't like false break. =\ and I don't like forcing trades either. My plan for now is to WAIT. (and play forex)
Neutral on a bigger view, trade opportunity inside the channel. Details on chart. Silver broke back above the resistance, after a consolidation since July, and has bounced on this new support level for 2, 3 times. Is silver back to the sideways channel? Or is it forming an even bigger triangle?
Okay it's a triangle, in case you argue. Some people are calling a hike on Gold due to fundamental analysis, and the current condition of our (or the world's) economy, but hey, technical doesn't lie. There is (to me) no need to worry about the hike until it breaks above 1174, or even above 1225-1230 the consolidation zone. Notice the red lines mark a bigger...
sideways. Not sure what else to say, it's all on the chart.
Bitcoin has changed its mind, now it gives a triangle reconsidering its next direction to move. My thoughts on chart. Plan ahead and trade your plan. make it simple.
Good, now come back down and continue your consolidating work. It's one option to trade inside the triangle, that shooting star does make a decent reversal candle for its location & big volume. The other option is to sit on hands, or sell some calls. If the price breaks below 198.5, SPY can easily move back down to 196, 194, then around 192. To me it's a no go...
With neutral to bearish perspective and high VIX = Good time to sell options and collect some premiums; bad for directional trades (especially if you're trying to get in now, you're selling in the air). Be patient and stick to your plan. Plan ahead and trade your plans.
I don't know, what do you think? Looks like a possibility to me :) #bepatient
Well I expect another small pull back before taking it bullish.
We closed last Friday at the open of the gap of 7/10 & 7/13. Plan ahead and trade your plan.
1. breaks out, 1st to 400, 2nd to 533. 2. Loses its strength, and continue to go sideways
Trade Idea :) support from the left + at bottom of the channel = give it a shot. 2015/07/08 update: This trade did not trigger, great entry huh :)!