jmtbernardo

jmtbernardo

Its trending near good support zones, also price action is right above the 200 moving average.

jmtbernardo

Long term trend still bullish according to moving average 200, Ascending Channel, and it continues to make higher highs and higher lows.

jmtbernardo

Clues are piece of information/evidence/facts that helps investigators to discover/solve sequence of an event. In this case, these clues are used to identify the sequence of price action/trend. These clues also can be used as signals to confirm price action direction or even a sequence of multiple trends. Left upper corner there are 3 clues that is informing us...

jmtbernardo

The stock in higher time frames continues to make higher highs and higher lows. The idea here is to wait and see if price action tests the support line and then bounces from it. If it bounces that is your entry. Below the support line there is the stop loss zone in case the trade does not go accordingly.

jmtbernardo

As swing trader, these levels are golden opportunities to buy. As you can see, every time we approach this support, the market bounces back. Remember, the best time to buy is when most people are bearish.

jmtbernardo

Several reasons to continue to be bullish on SPY. Oversold condition, ascending channel, the moving averages (100)(200) continue to be below price action and both will act as support if price action descend upon it.The last support is also a fibonacci level. Cheers fellow traders.

jmtbernardo

Ascending channel with lower and higher time frames of fibonacci levels.

jmtbernardo

These Fibonacci levels are important to consider when trading USO, specially the levels 0.382, 0.5 and 0.618. As always use different techniques when trading to increase your probabilities/odds. Cheers!!!

jmtbernardo

Trendlines come in three flavors: external, Internal, and curved. External trendlines do not cut through prices, but rest along the tops or bottoms of the peaks or valleys. Internal trendlines do cut through prices, so that is what differentiates an internal trendline from an external one. Sometimes price action is not straight, but curved. Draw a curved...

jmtbernardo

Setup for FB Facebook with clones based on price action and Fibonacci Retracement. Stop loss is 38.55, entry at 40.23, target approximately at 44.20. I forgot to tweak the perpendicular lines, so I will post below, on the comment section.

jmtbernardo

This chart objective is to show how RSI and fisher indicator detects divergences. This technique is very powerful, once it is mastered. Happy fishing traders.

jmtbernardo

Failure swings use the same concept as HH,LH and HL, LL. Markets change constantly, so adjust your settings according to the market you are trading in. (bull/Bear/range) High length number are more smooth, but gives less signals. Low length number will give more signals, but gives more whipsaw. This indicator can also be used to identify divergences. If RSI...

jmtbernardo

Gold has another counter move/retracement. According to Investopedia, "The movement of a security's price against the current trend. A counter move occurs soon after the original trend and in the opposite direction, but by a lesser amount. Gains had by trading on countermoves are usually smaller because the full market swings are not recognized. " Source:...

jmtbernardo

This chart contains Fibonacci retracements and wedges to forecast psychological areas of support or resistance. The first Fibonacci retracement is lined up with price action that touches multiples times on the retracement, thus this levels has higher probability of influencing price action in the future. I also utilized the technique of Sierpinski fractal triangle...

jmtbernardo

I added additional information on this description!! (UPDATED: 08/25/13) Use multiple time frames. Identify long-trend, medium-trend, and short-trend. (Up, Down, Sideways, Counter-Trend) Wait for confirmation. For example, Breakouts/Breakdowns, HH...LH or LH... LL, Candlesticks, Indicators. Before trading, do the set ups to get in and out. (Trading Plan) Always...

jmtbernardo

We have another bearish flag that was followed by strong bearish volume. Resistance approximately 163.65 to 164. The next support I see it is around 162.76. Also there is lots of volatility at the moment in the market, so be careful. We continue to be in a bearish short-term trend, because we are making lower highs and lower lows.

jmtbernardo

Although lot of people are scared of the peak pattern from prior trends (Sell May and run away.) Candle sticks are not giving confirmation or any kind of warning that we gone have a pullback. Patterns and statistics are tools to help us trade, but traders should not really solely on specific few tools. Always you variety of tools to confirm your hypothesis. In...

jmtbernardo

On May 9, 2013 we had a rapid sell off on 1 min time frame. I don't think it is something to worry about, because price action had formed a head and shoulders pattern, then we had huge spike (parabola move). Parabolas moves are not sustainable for very long of periods. So I think that head and shoulders pattern with the parabola pattern made a deadly combination...