tst

tst Updated 

DAX has a habit of producing engulfing candles. (see link) The strategy is to risk 2% of your account to make a 2% increase with a risk of 1-1 trade on an engulfing candle set up.

tst Updated 

A bearish Harami is a trend indicated by a large candlestick followed by a much smaller candlestick with a that body is located within the vertical range of the larger candle's body. Such a pattern is an indication that the previous upward trend is coming to an end. This is a short term trend change, a break of the neck line of a head and shoulder pattern would...

tst

Doji reversal at 75% retracement under double top neckline. retest back to todays low. further decline may set up a buy at Bat pattern completion.

tst Updated 

Looking at long entry for Monday open. W.D GANN inspired trade. I have been watching for the 50% retracement of this low time frame trend. Entry at the 50% retracement give's a target for a 100% extension marked in orange. Resistance shown with a cluster of pattern completion at 110.5.

tst Updated 

Im long on the higher time frame but looking at a short trade with minor correction in the channel . Head and shoulder reversal on the 1hour chart.

tst Updated 

Looking at the inverted hammer on the daily chart with todays open above the Friday close I can see this as a short term reversal opportunity for a long entry trade. Watching the hourly chart for an entry. Entry on reversal pattern or break of trend line. (I've taken small position now keen to get the week started. :) )

tst Updated 

watch this zone next week for reversal set ups, or break out patterns. Will update if position taken.

tst

expecting some side ways trade then a false break high. Will look for reversal around 40.5 area for a short trade.

tst

Doji candle is indication of short term trend change. The current candle being the confirming candle of the pattern. A close near its low would give a day trade idea as minor correction is more likely.

tst Updated 

Gap down on the open after testing 50% level. higher time frame trend is down also. Can see price drifting lower before a long set up may develop.

tst Updated 

Head and shoulders reversal pattern on the daily. The Head of the pattern occurred at 50% retracement of the last major range. For my trading strategy this adds weight that the pattern could be successful. The right shoulder retraced 50% from the low of the head to neck line. 100% extension is the first target and 2nd target is the projected head and shoulder...

tst

Large head and shoulder pattern ( green) has broken but failed to make target. Small H and S (yellow) offers a short (trade 1 ) back to test the break out of the larger pattern. This is also a 50% re-tracement and could offer a second trade (trade 2) Long and complete a Large ABC pattern shown on chart. Taking short position then watching for reversal.

tst Updated 

One for the watch list. Looks to be breaking from large downward wedge. Long entries look possible on daily and weekly time frames.

tst Updated 

Trading in March idea from Investopedia. Tiffany & Co. (TIF) also has an 81% win rate, moving higher in 21 of the last 26 Marches. The winning months produced an average gain of 9.63%, while losing months dropped -6.2% on average. Dividing the average win by average loss gives a reward:risk of 1.55. This stock has the biggest March gain on the list at 30.89%; it...

tst Updated 

Gold has broken out of the large down ward wedge. I see current level as an area of resistance and an area for reversal. A harami candle stick pattern is an indication for short term trend change. Im looking at the pull back to find support at a 50% retracement of this last minor uptrend which lines up the breakout point of the wedge.

tst

I like this area for a short set up to the low 60's. will update if position taken with entry.

tst

Scanning over some stocks most look like topping patterns. looking at some gold stocks gives the opposite impression with some in uptrend and others like NG breaking out of a 2 year base. NG looks to be approaching a key resistance level. This will be a good opportunity to gage the strength of NG. I'll update if I see a shallow pull back or continuation pattern....

tst Updated 

Have a short setup with a harami reversal candle (opposite to an engulfing) at the second test or peak of 31.5.