CME Entry, Volume, Target, Stop
Entry: with price above 221.77
Volume: with volume greater than 1.77M
Target: 230.73 area. This is an area, you might consider existing early if price drops below a significant moving average such as the 10, 20, or 50 EMA. You might also considering holding some portion of the trade longer as price closes above significant moving averages.
Stop: Depending on your risk tolerance; Based on an entry of 221.77, 218.78 gets you 3/1 Reward to Risk Ratio.
For a higher risk and higher reward trade, enter when price breaks above 217.90 (high from Nov 13) and set your stop below the entry day or day before entry day candle, or wherever your normal risk tolerance allows.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Tradeentry
Flight to safety provided an initial move, but session was mixedImmediately as trading got underway in the Asia session, the flight to safety was clear following the attacks over the weekend on Israel. This initially set us up short on the EUR, which unsurprisingly dropped below last weeks bullish close to continue it's slide.
My first entry was short @1.05300. I wanted to give price time to settle after the London open to make sure we wouldn't see any wild swings. As we broke lower I was aggressive with the move to B/E and as price struggles around 1.05200, it was bid back up and the trade was over.
Interestingly we started to form a narrowing with volume coming in and push all /USD pairs back above VWAP. This gave us the green light to look long, and after some deliberation between this and GBP/USD, I opted to stick with the EUR as I was more comfortable with the price action after watching it all day.
Once again I was aggressive with the B/E and as I write it's still unclear if price will break to the upside but being this late in London session I'm happy to not carry the overnight risk and we'll chalk today up to some stumbles from the market.
NVDA Entry, Volume, Target, StopEntry: with price above 480.88
Volume: with volume greater than 77.2M
Target: 520.29 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 480.89, 461.22 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
AMD Entry, Volume, Target, Stop, ResistanceEntry: when price clears 130.79
Volume: with daily volume greater than 98.9M
Target: 165 area
Stop: depending on your risk tolerance; 119.40 gets you 3/1 Risk/Reward.
Resistance: 133 area, 141 area, 152 area, 157 area
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Trade Alert - Long EthereumTraders,
A wick down tagged our neckline precisely as expected. Now, we’ll probably incur a few more days of price action down in this area, but I’ll buy now to be safe. It’s only 50 dollar down to that neckline. Target will be 3,000. SL will be 1500 for now (to be adjusted as that 200 day ma moves up).
More trades to come.
Stew
GBPJPY Long - Trade entry explained from recent post We are updating the bullish trade idea we posted on GBPJPY on the 9th September 2020, price came right to this level and started to bounce higher.
As we mentioned in the original post, if price dropped to this level we wanted to go down to our lower time frames and look for additional confirmation for a bullish trading opportunity which occurred nicely.
As you can see from the 15 Minute chart we have zoomed in on the price action to see more detail and how we would look to enter the trade by being patient and waiting for price show us it could move higher.
We saw two bullish price patterns form right at the level, the first one being a bullish 3 drive pattern and right after that a bullish reversal head & shoulders followed.
Once the 3 drive pattern completed right at the level we posted previously about, we drew an inner diagonal trend line in pink and waited for this to break as our means for execution in the hope that price would rise.
Once we entered the trade our stop loss would go just below the 3rd and final drive low protecting you from having the need for a larger one. On the upside price has already made an intraday high around the 136.23 level allowing a possible 50 pips to manage a profitable trade or giving you the ability for a percentage scale out depending on your trading style.
Delta Depression breakdown analysis: where is the support?With this last downleg, we have hit the 0.5 fibonaci level, in one break out. and it its not over.
If this is the beginning of a longer term downtrend, after we break support, the next support seems to be around 10/7/5 dollars, where I think volitle accumulation will happen, before consolidating around 10$ and moving again.
Look for one or two weak impulses to the upside to take short positions, stop loss at 37, with profit targets at 23-20, 12, 8.