Can we bounce of this light support line or make our way to the 50sma and find support. Options chain isnt as liqiud but can be a good scalp.
NZDJPY developped and broke a rising wedge, now the price is in a compression mode (red rectangle), it tried to push down last monday but failed, pay attention to the 50 sma in h4 chart, as soon as the price breaks it and closes below it, you can consider to open a sell position with the green zone as a target (around 72.00 could be a nice take profit because...
It is clear why so many traders use the 50 period moving average, just one look at this chart shows how useful the indicator is. Used by traders as a dynamic level of support or resistance, the 50 moving average takes the last 50 candles / bars, and shows the average closing price of those 50 periods. You can see how the EURJPY has respected it as both a support...
In this chart I have outlined the point in which the 50 SMA is crossing the 200 SMA (to the upside) this usually indicates an uptrend. Using that to my advantage I have also found a gap fill in the chart that could be a short term trade. I would expect some sort of consolidation at around the gap fill area and should it therefore continue past the gap fill the...
Entry 2 - Buy at Daily Candle Close above 50 sma. Breakout Candle Must Be 100% of the Average Volume For full size position OR 75% of the Average Volume For ½ size position Stop Loss is 1.5 x ATR ATR @ 18.49 First Target is 1 x ATR Close ½ position @ 1st TP Let 2nd half position run Trail Stop Loss
I'm a huge believer in what the 50 and 200 MA's can do. I've bee trading solely on those MA's on Crypto (LTCUSD and ZECUSD) All weekend with huge success. We're in the middle ground on SPX. I know my chart isn't fancy, but on Friday the 4 hr 200 MA Rejected price. Yeah, it went a little lower to a support level, but they both acted as the same) I'm going to assume...
Worth watching for a breakout based on strong home sales.
Price consolidating atop the 200 SMA, and recently the 50 SMA. MACD bull cross, and RSI finding strong support on top of the 50 EMA of the RSI convey upside momentum bias (I find the 50 EMA on the 14 RSI to be very informative, I recommend you try it for yourself). I am looking for price to stay supported by 5 day SMA and I will look to buy the wedge breakout to...
PLUG currently consolidating in wedge for approx. 2 months with support found on an up-curling 50 day SMA. Uptrending its way out of a 5+ year basing pattern (this thing seriously looks like a Gold stock), the wedge is located just under major resistance, which is all of the congestion of the 2014 selloff from the highs. Theoretically, PLUG is in the Wave 3 from...
NASDAQ:MNTA Technical bounce off the 50 day MA (pink). I'll be watching Mondays candle to see if buyers are in control and then look for the buy on the way up.
Stock consolidating in a nicely defined wedge (log chart) that comes on the heels of a C&H breakout. Bullish bias above $2 which was prior resistance level. I am watching for the 20 SMA (blue) to cross the 50 SMA (purple), and for the MACD to remain positive and begin accelerating. OBV continues to hit ATHs as price consolidates, another bullish sign.
Currently trading in an expanding channel/megaphone pattern with a local wedge forming in the gap. I like the $25 - $26 area to initiate a long as that was a prior breakdown and breakout level, and at that price a wedge breakout and MACD cross should have occurred. Additionally, the 50 MA is setting up for a cross of the 200 MA at a very aggressive slope. If you...
Testing trend line for 3rd time. A break of trend line and 50SMA is a buy signal, target 200SMA 1st and then 1.09. If we reject and break support, target 1.0720. Please support the idea and share your thoughts on EURUSD! Good Luck and Stay Healthy!
There are two potential profitable positions coming up in the USD/CHF. Firstly, there are two main Resistance levels, both come from prior flag patters, but the upper resistance level is backed further by also coming from the top of strong peaks. This means one would ideally like to buy from one Resistance level to the other, and be expecting a strong selloff at...
Bought at 35.5 (Feb 3 , 2020) Stop slightly below 50MA (1 day atr) Targets: 218.9 (1:1), 223.9 (2:1), or run back to highs Note: Play bounce of 50MA, I had my alert at 50MA so I entered. A bit late of an entry since I woke up late lol. Intraday is above VWAP. Looks like market is recovering from the corona virus scare, and with Spy bouncing off that 50MA.
Bought at 35.5 (Jan 30, 2020) Stop slightly below support Targets: 38 (1:1), 40 (2:1), or run back to highs Note: Play bounce of 50MA, I had my alert at 50MA so I entered. Expecting the break of short selling over reaction due to this corona virus. Indicators say still on a downtrend of course. But just trusting this 50MA support and levels for the bounce....
A simple trading strategy everyone can understand. Take the average of 200 days worth of stock prices of a stock, compare that to 50 days average. If the two crosses and are going up, you buy. If the two crosses and are going down, you sell.
Tim's MA=X trade mgmt Standard Trade Management Rules 1) If, after entry, the candle closes back on the opposite side of the 20EMA, close for a loss 2) Full Size Position if Vol >= 100% vol avg 1/2-Size Position if Vol >= 75% vol avg 3) Stop-Loss = 1.5 X ATR 1st Target = 1 X ATR 4) 1/2 off at 1st Target for profit - move Stop-Loss to break-even on remainder