krugman87

krugman87

Yesterday I posted a bullish candlestick setup that had formed on the daily chart. You can see that analysis here Earnings were released pre-market and price shot up over 10% in line with our bullish prediction. The next major resistance area is 32.30. The question now is whether to let it run for further profit on a breakout of 32.30, or take profit on an...

krugman87

With the market having broken the sideways price action the market is in a strongly bearish trend. These sorts of trends can continue for a very long time. We as prudent traders don't want to make assumptions on when the trend will end, but rather look for setups to get in line with the overall trend. In the case of the EURUSD that is going to involve us...

krugman87

Corn is in both a short and long term bullish trend. While the setup isn't perfect, it does offer a compelling buy signal in a currently bullish market. The Morning Star formed off of a pullback signally continued buying strength and is in line with the overall market strength.

krugman87 Updated 

A large bullish pin off of a key support trend line signaled buyers ready to step in and defend price. Price took off shortly afterward.

krugman87 Updated 

A hammer formed off of a key support level. A good trade from entering at the support level and holding until nearest major resistance level.

krugman87 Updated 

A strong bullish pin formed off of a key support level that formed from the last swing low. Volume increased into the bar signalling increased buying into the setup. Also formed at a key price level 0.75.

krugman87 Updated 

This is a nice setup on the daily chart where a large bullish pin candle formed off of a major trend line support and a minor trend line support. As an added bonus there was an increase of volume in the pin showing buying volume as buyers defended the price level.