5 hours ago
BB Squeeze on the US Dollar, watch for a breakout this spring or summer
6 hours ago
8 hours ago
Multiple rejection at support level within the overall sideways bias, a bullish trade with a very attractive risk-reward
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losses is a main part of the game
9 hours ago
Just a quite word here on this major, to mention first how our predictive and forecasting strategic system was able to define a reversal (market at the time was expectedly bearish due to geopolitical development), and direction to the upside, as well as a series of targets, the first of which just got hit a moment ago.
At this point, there is nothing to indicate problematic hindrance ahead as price makes its way to the second target.
Note also that price also continues to follow the development of a potential bearish Wolfe Waves pattern, drawn in the bottom right WEEKLY frame. A 1-4 Line not drawn here (but coming up soon as price reaches targets and signals an early market reversal signal) will become the next item of interest.
TradingView.com Moderator, Alias: 4xForecaster
Predictive Analysis & Market Forecasting
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Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
10 hours ago
AAPL is trying again to break out of its current slump. The first attempt failed even though the 8 day crossed the 15.
This second attempt is the same scenario. It is near resistance and the 8 day recently crossed the 15 again.
Volume is low so keep stops tight if you are going long. I would think 527 a good short-term support for this possible push higher.
3/6 b4 close
11 hours ago
Anytime a trader or investor looks at a stock chart they should look to see if the instrument is making a new high, or a lower high. Continuous lower highs are a good indicator that further weakness is ahead for the equity.
Earlier today, the leading mining equipment company, Joy Global Inc (NYSE:JOY) reported earnings. The stock is trading higher by $1.91 to $57.73 a share. While this pop in the stock seems great in the near term the weekly and monthly charts are signaling a move lower. You see, the larger time frames have a series of lower highs on the chart beginning with the April 2011 top. Anytime a trader notices lower highs on a chart they must assume that the stock is ultimately going to trade lower before making a final bottom. According to my calculations, JOY stock has downside potential toward the $37.00 area before making a significant low. Now please understand, this does not mean the stock is going to decline today or even next week; the current chart pattern just tells us that the stock is ultimately going to trade lower. Therefore, as smart traders/investors we need to be prepared for that move.
Other stocks in the mining equipment sector also have lower highs on the larger time frames, so this chart pattern is not specific to JOY only right now. Leading mining equipment stocks such as Deere & Company (NYSE:DE), and Caterpillar Inc (NYSE:CAT) are forming the same exact pattern on the larger time frame, these stocks are just as susceptible to lower prices in the months ahead.
We will be taking positions in these stocks and more when the time is right. Members of our swing trading/investing Research Center will be alerted of this when it happens, and we will be trading these stocks live during the day in our Intra Day Stock Chat. Try out both services right now for 7 free no obligation days.
13 hours ago
Lear Corporation manufactures, assembles, and supplies automotive seating, electrical distribution systems, and related components primarily to original equipment manufacturers across the world. I watch for Unusual Options Activity and I saw a HUGE Call buyer of the June 90 Calls for $2.10. Then I looked and the Open Interest of this line was over 51,000. This means that a trader has the right but not obligation to buy 5.1 Million Shares of LEA at $90 between now and June. With an order that is this large and the stock only trades about 80,000 Shares in a day, this is a perfect time to get long LEA, but I did this through Call Options. However, a trader sets up well to the long side:
The Trade: Buy LEA at $83.40
Stop Loss: $79.40
Target #1: $85.40
Target #2: $87.40
Target #3: $89.40
Target #4: $91.40
Once I get filled in target #2, if I want I can move my stop to breakeven.
16 hours ago
Study: chartNice upside move, breaking the long term downtrend. It seems to have a history of a fast and furious bullish mover. However, the earnings are on Tuesday, March 18 and they are not looking pretty. The ere is plenty of rum for continuing the upside momentum until ER.
19 hours ago
This is an update for this idea https://www.tradingview.com/v/V4E01wNB/
My last USDJPY idea https://www.tradingview.com/v/QQ4gtrWm/
The market has rallyed in 5 waves and the nature of the next move should
decide if the market has completed xx or the first wave in wave 3.
If 101.2 is taken out that would confirm that we have completed a wave xx
and should see more downside to complete wave z in a triple correction.
Follow all my demo trades at http://www.myfxbook.com/members/tlkemmy/demo/854232
20 hours ago
A bit late, but anyway the pair is in a bullish breakout mode. Bias to the upside as long as above 85.65 broken resistance-turned support now, pullbacks remain a buying opportunity for now.. Next target at 87.37 major high
21 hours ago
Follow up to my previous analysis for EURAUD (https://www.tradingview.com/v/mQMppt3r)
Price managed to make 3 bearish candles and broke the low of the previous bullish bar. If today's close is bearish, it would be good news for shorts. But if it forms a pinbar (reversing losses on ECB conf.) then we wait for more validation.
Enter on a retest of the trend line (probably next week...?) or if price breaks the neckline then on a retest of the neckline. But I expect some bounce once price hits the neckline/support zone. 1.53628 will be a level to watch out for. Fib levels to act as partial profit booking.
Today ECB review and on Friday we have RBA Gov. speech and NFP later, so tread with caution.
Note: EURAUD shorts will work only on a weaker Euro, assuming RBA could talk down the Aussie again.
Weekly charts, show a bearish engulfing candle being formed at the time of writing, if this continues, it adds weight to the short bias. I suppose EOD today will give further clues.
23 hours ago
During our google chat this evening we took a look at the monthly US dollar index chart and where it may be heading into the fear cycle peak of Q3'17. 40 area looks very interesting...
23 hours ago
Looks bullish still as the market has been trending higher and will continue to do so until there is a sign of a reversal in the major macro trend.....based on the Fib extn. of 1.618 from the 07'-09' major macro bear market the SPX could hit the main tgt.#1 of 2138 level which is that 1.618 Fib extn. level & based on Fib time extn. levels then this could happen by 10/14' or so
1 day ago
Looks bullish as it is holding well in a wedge/bull flag pttn. & could b/o tomorrow w/ a tgt.#1=1400
1 day ago
I wrote a set-up in AAPL for a Short at $544.43 with a $556.21 Stop and I got picked apart for wanting to get Short AAPL. Well, the next day the stock rallied, but it could not get above the top of the Ichimoku Cloud. If I have a $12 stop then I have the following Targets:
Target #1: 50% of the Stop: $538.43
Target #2: 100% of the Stop: $532.43
If I want I can then move my Stop to Breakeven
Target #3: 150% of the Stop: $528.43
Target #4: 200% of the Stop: $522.43
Once ALL targets, its time to ring the cash register and buy an Ipad, but another winner with www.keeneonthemarket.com
1 day ago
I drew a "M" pattern using the Ichimoku Cloud on the 4 hour Bar and I think that the $EUR/USD could break to the upside and test old Resistance which is now the new support at 1.35582. The EUR/USD was in a clear Bull channel, but then the channel broke. It has now moved sideways, but I think that it could be about to break to the downside. If the EUR/USD break 1.37, then I think it could sell off 150 Pips in a hurry and not find buyers. I am looking to Short it until I see the break on the downside on my "M" pattern. Thanks and for more ideas check me out at www.keeneonthemarket.com
1 day ago
The difference of what anyone in this world is worth is how much a buyer is willing to pay versus how much a seller is willing to sell it for. I think it is funny we often hear the word's "Vale Stock," "Growth Stock," and "Valuation. Simple and easy, there are more buyers than sellers and the stock is headed one way, HIGHER. So, drawing a simple Fib Extention, we see that FB Facebook could trade up to $104, and would be "Undervalued" then? Its simple economics Supply vs Demand, so listen hear first, Facebook might hit $104 by the End of the Year.
1 day ago
Buy AMZN on break on gap….potential target is 407 range or higher and stop would be below breakout gap zone