krugman87

krugman87

The market has been consolidating after a strong up move. An inside bar pattern has formed during this pause and presents a good opportunity to get in on the next leg up. A good strategy would be to enter on an upside break of the inside bar with a stop loss just below the bottom of the inside bar pattern. It creates a very attractive risk/reward setup.

krugman87 Updated 

Price continues to wind up on the AUDUSD. A potential 1-2-3 reversal pattern has formed with a break of .7570 confirming the pattern and trend change. A failure of the 1-2-3 setup would not bode well for the bulls.

krugman87

Silver has reached a key support level. Price action has been range bound for a long time which means we will be looking to trade off of key support/resistance levels. Silver has reached the bottom of it's sideways range and will absolutely need to hold to prevent a bearish trend. It's the moment of truth for the bulls. We will be watching for any bullish...

krugman87 Updated 

I posted a trade setup yesterday where a very large bullish pin bar candlestick had formed on the weekly charts that coincided with a previous low (which acts as a major support line) as well as an important price level of 0.75. You can view that analysis here . Price continued to creep lower from yesterday morning into yesterday evening. Then last night the...

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.