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Launch Chart
1 hour ago
0
31
Here's where the silver market is now: After 5 quarterly bars without a new high, a downtrend is set up from the high at $49 and the movement down out of the 27-35 range reached its natural target at $18. Also, the downside price projection happened in the first bar, so the fact that the market is just marking time and going sideways is alerting me to a strong market with buyers accumulating steadily at the low end of the range.
The downside projection is the high of $49.8 to the mode at $29.6 (the low of the quarter labeled 2012-10-01), converted to percentage is 40%. 40% down from $29.6 is $11.8 down or $17.8. The low was actually $18.2, which is very close and good enough for technical analysis. $22.18 is the high for the current quarter. If Silver can break above $22.18 in April in the start of the next bar, then the 7-bar downtrend will not be in a strong position and the market can attempt to move back toward the mode starting at $29.6.
Therefore, this is the trade recommendation. $22.20 buy stop, $29.40 target, using stop loss $18.90 once long.
Note the downtrend from the high in 1980, it follows the same trending logic and rules. The market distributed for 16 bars (each bar is 3 months) and once the market disconnected from the largest concentration of price action of 16 bars, then it proceeds down for the amount of time at the concentration (mode).
I'd like to thank he user "carrytrade" for posting the chart of silver in quarterly format so that I could be inspired to do this analysis for you all in my proprietary methodology that I am showing you all here at TradingView.
Many happy returns.
Tim 10:36AM EST 3/11/2014
35 minutes ago
0
15
Stillwater Mining Company engages in developing, extracting, processing, smelting, refining, and marketing palladium, platinum. It also explores for all different types of metals such as: nickel, copper, gold, and silver ores. There are over 8,700 stocks that are publicly traded and 4,200 stock with options. We have seen very bullish Call buyers over the last 2 weeks in SWC and I think the stock is headed higher. When I am trading the Ichimoku Cloud there are always a couple of different entries and exits.
Aggressive Long Set-Up: Buy Stock at $14.98 with a $14.14 Stop
Target #1: $15.39
Target #2: $15.98
Target #3: $16.49
Aggressive Pull-Back Trader Buy Stock at $14.24 with a $13.24 Stop
Target #1: $14.74
Target #2: $15.24
Target #3: $15.74
Mild Pull-back Buyer: $13.24 with a $12.50 Stop
Target #1: $13.54
Target #2: $14.04
Target #3: $14.54
56 minutes ago
0
22
Linn Energy, LLC, an independent oil and natural gas company, engages in the acquisition and development of oil and natural gas properties. I have traded this stock before and made money and in general I like to stick with stocks that I have made money before on. Today, we saw an institutional buy 9,000 LINE April 28 Puts for $.70. This trader has the right but not obligation to sell 900,000 Shares of stock at $28.00 and pays a debit of $630,000 for this right. The chart has been breaking to the downside and trading a LONG Portfolio, I think this is stock that is headed south as it breaks the Ichimoku Cloud to the downside.
The Trade: Buy the LINE April 28 Puts for $.70
Risk: $70 per 1 lot
Target #1: $1.00
Target #2: $1.25
Target #: $1.50
Greeks of this Trade:
Delta: Short
Gamma: Long
Theta: Short
Vega: Long
1 hour ago
0
23
Allergan, Inc. operates as a multi-specialty health care company primarily in the United States, Europe, Latin America, and the Asia Pacific. This stock has been on fire and is breaking through the 52 Week highs. Today we saw a very interesting trade where a trader bought 1000 AGN July 140 Calls for $5.84 and then sold 1000 July 115 Puts to reduce the cost of the trade. This is known as a "Risk Reversal" and lets break this trade down a little more. A trader will get long 100,000 Shares at two different levels: $115 and $140. This trader has a breakeven of this trade at $142, but lets look at it a little bit in more depth.
The Trade: Trader bought 1000 AGN July 140 Calls and Sold July 115 Puts for $2.00 debit
Their Risk: $117,000
Their Reward: Unlimited
Breakeven: $142
Between $115-$140: Trader will lose Cash outlay of $200,000
Under $115 and Above $140, Trader will become Long 100,000 Shares of Stock
1 hour ago
0
20
The uptrend channel seems to end, it's now a good time to short with a good risk/reward ratio.
Our MACDBB still positive but did cross his lower Bolligner Band, so the short is valid.
The SuperTrend still positive, but it should change its polarity soon, and then act as a trailing stop.
Sell Stop around $35.89, target $33.86, stop loss 37.02
But beware, this is USA, very sensitive to major political and economical events, to be use with caution!
1 hour ago
0
16
SLCA is looking good with MACD cross and a resistance level now, but we would look to buy break with good volume supporting move. Stop below breakout.
1 hour ago
0
33
Twitter, Inc. is a global platform for public self-expression and conversation in real time. It provides various products for users. The stock has been very strong this morning and I want to put on a risk vs reward trade as the stock breaks the Ichimoku Cloud on the 5 minute bar. I was trying to buy stock at $54.90, but chased it up to $55.10. I think TWTR has too much pressure, but I always want to define my risk vs reward set-up.
The Trade: Buy 3,000 Shares at $55.10
STOP LOSS: $53.90
Target #1: $55.70
Target #2: $56.30
Once hit Target #2 can move Stop to Breakeven
Target #3: $56.90
Target #4: $57.90
2 hours ago
0
59
After some nice volatility, Stamp has quieted down a lot of late. Today's trading range implies resistance about $20 higher then where we are at the moment and support about $20 lower. The market seems to be fixated around the $625 level as that is my current Bull / Bear line. Sometimes the market just tells you to sit on your hands and it would seem we are in that kind of market presently.
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4 hours ago
3
80
A Hammer was drawn at an pretty good support area. I believe the price of this pair could now rally back to 1.3900. Only a fall under 1.3820 would scatter my idea.
4 hours ago
2
73
This is an update for this idea https://www.tradingview.com/v/wXqHJJ61/
The market pullbacked as expected and rallied again.
Now it looks like we are within a triangle as the rally
is getting rejected near the old high.
The e waves in triangles are known
to fall below the lower trendline or end above it.
Good luck!
5 hours ago
1
61
My main goal with this chart is to try and gleam any patterns & trends in Litecoin's short history, that might hint at any upcoming highs and lows, and when they might occur.
10 hours ago
5
48
I'm still trying to pick up the pieces from last week. It's funny how when something knocks you off your trading high-horse you can start to second guessing the way you trade. No better way to get back in the saddle than with a new chart!
We've got two competing AB=CD patterns vying for dominance, Bullish in red, Bearish in blue. Bulls did achieve a higher high, higher low over previous structure, but it is looking as though they might let this one get away from them. Short term I'm looking for price to reach for my D leg completion of the bearish ABCD around $590 and will be watching (hoping) for momentum to take us to the C point of the Cypher pattern in the high $570's before a reversal. Yes it's a long way off, but you gotta plan ahead. :)
If things go pear-shaped on me I'll be looking to lick my wounds on the way to $650 for our Bullish ABCD completion. Likely at that point we would call off the Cypher hunt as well.
Cypher Pattern Requirements:
~ Point B is established by a minimum 38.2 retracement of XA leg. The AB move will remain valid so long as 38.2 is achieved and there is not a candle close beyond 61.8 of XA retracement.
~ Point C is establishe by at least a 127.2% extension of the XA leg. The BC move will remain valid as long as there is not a candle close beyond the 141.4% extension of XA.
~ Point D is formed by a 78.,6 retracement of the distance, XC.
~ C must always exceed A; D must always exceed B.
==========================================
Targets: #1, 38.2% retracement of CD let ... #2, 61.8% of CD.
12 hours ago
1
211
We are at a cross-roads. Higher time frame bull ab=cd still valid and working but literally caught between two OTE levels. To matters even more pressing, we are also in the very short term caught in a MA sandwich! Which way does she break from here - stay tuned to find out....
If my charts help you, or you use my indicators...
please consider a BTC donation to allow me to
continue my work :
1EBttA56cWsgtsZn83VGiNT8si7inZV5Z5
& follow me on Twitter @CRInvestor
15 hours ago
2
52
$SPX currently moving within confines of a rising wedge, which is a bearish formation. But everything needs to be confirmed, so if $SPX rises up out of the pattern and keeps moving toward the upper channel line, then that would negate this pattern. This needs to be watched over the next several days to make sure $SPX does in fact break out of the top and negate the formation.
The $NYSI, Summation Index has been losing momentum since the middle of last week. It rose to 1050 last Friday, the 7th, and today it dropped by a couple of points. It's not uncommon for the Summation Index to turn when it pushes above 1000 and if it is in fact turning then market breadth is weakening and when that happens the market will often pull back. Further, when the market starts to lose underlying strength, you don't need a catalyst to turn the market as the market will often fall of its own weight.
The Cumulative Volume Index fell by 800pts today when the $NYA dropped by only 25pts. On Friday, the 7th, the Cumulative Volume Index fell by 493pts when the $NYA fell only 13pts. Like the Summation Index, the Cumulative Volume Index is hinting at underlying weakness.
This rising wedge pattern and these two signs of weakness need to be monitored over the next few sessions. They can easily right themselves, but if they don't by the end of the week, then this has to be seen as a red flag warning.
IMHO, of course, and subject to change without notice.
GL
22 hours ago
0
74
Encana Corporation, together with its subsidiaries, is engaged in exploration for, development, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States. This is not the first time a trader has taken a bullish trade in ECA and it seems that this trader has been dead-on and they are stopping anytime soon. Today a trader bought 15,000 ECA Oct 23 Calls for $.85. This gives the trader the write but not obligation to buy 1.5 Million Shares of ECA at $23 between now and October. Lets break-down their trade a little easier.
Their Risk: $85 per 1 lot
Their Reward: Unlimited
Their Breakeven: $23.85
Cash Outlay: $1.275 Million
23 hours ago
2
160
The last chart on Tesla nailed the top zone.
The question now is: What do you do next?
Today is day one of a decline off of the high that has 6-days at one price (at the 250+ level). If TSLA holds here until the close, it sets up 5 more days of decline. However the drop in price is already in line with the high at 263 and the mode around 250, which implied a drop back to 237 where it fell to today.
So, this is just an update. It is not pointing out a low-risk, high-probability trade. I am merely updating you on the setup of the time that expired for TSLA at the high from the 12-day rally, the 5-day rally and the 3-day rally all expiring one day after each other.
TSLA can lauch on a new upward projectile once it climbs back above the mode since the high. You can approximate that by using a moving average of the number of days since it peaked which right now was 8 days ago. So, use an 8 day moving average now to find key resistance. Tomorrow, change your moving average to 9 and so on. Just count back to the number of days since the high.
If you are short TSLA, this is a good place to cover. Hence my "neutral" stance awaiting a rally to 250 to sell short with a stop and reverse at 255.
Cheers.
Tim 12:55PM EST, 3/10/2014
23 hours ago
0
48
Head and shoulders top, and a possible C wave correction. Target $35-$41 zone.