Gdx has a tendency to bounce on the 200MA. I am presently holding GDX shares and I will probably switch my position to DUST if the stock goes below the 50MA. If the stock is capable of crossing the 200MA, it would be a great bullish indicator.
Once price moves towards the 200MA i think it will break and go down to test the Low of the Day (LOD) from yesterdays London/New York session. Placing sell stop and waiting until it gets hit. Will keep an active SL on the position and move it to break even once +10 pips.
LonG, TP from weekly chart. SL is no. No Accept LoSS, only win :-) Previous resistance becomes structure, which is ancient resistance level from weekly. Indicators have turned up across most timeframes FIB, ICHIMOKU , MACD , HULL MOVING AVERAGE some news stuff and also supply & demand
The pair is forming a pullback on recent bullish momentum over the past few weeks however a break to the upside will trigger a long entry. MA crossover on 4hour TF showing confluence to the upside. Wait for CTL breakout to go long. Target: 118.600 just below -61.8% fib. Follow me on Instagram for more trading content: Tag in BIO!
We opened this position about 30 days ago and played the time premium after the huge up move in oil prices. Our initial risk was $200 for a total collection of $50.
CADJPY: Possible major reversal. Sell limit at black box once prince reached blue box first.
This can be backtested using stocks and currencies. For stocks, depending on which stock and its voltility, backtest shorter chart frequencies such as 3min to 1hr. For currencies, backtest longer chart frequencies such as daily to month depending on backtest you see fit. A quick note such as USDJPY, a week is sufficient for example. You will see high Net Profit...
Moving average indicators and structure Looks like sell across multiple timeframe why would it test the old support (previous old resistance)? or why not lines up with pivots.... before news, why not it test its good old support/resist line from exactly 1 year ago! o_0
After the release of the Manufacturing PMI this morning with actual figures being better than previous and forecasted figures there has been a spike in GBP up to the two descending trend line channels of which have been rejected up to now. I am expecting a little bit more retracement to the downside following this spike, however will be looking to see if there is...
My concept moving average Time horizon 1 mn We put an average of 12 60 180 these three means are equal : to an average 12 on the 1 min an average of 60 on 1 mn to average 12 of 5 an average 180 on the 1 min to average 12 of 15 Let your imagination go and test this principle such an average 144 on 5 minutes for the average 12 H1 or an average 144 on the...
A clean break of the 79 level would see price head towards the 77 level. We have already seen a break and retest of the 80.50 level where price has headed south and bounced of the 10 EMA. The long term outlook for this pair would be past the 77 level where we have the potential to reach the 75 level. However if price does not break the 79 level we could see...
BREAKOUTS & RUN As we look over market history in the U.S. and other equity markets, we see long standing fits and starts. Ranges in these starts are extremely bullish, seeing breakouts of more than 2000% over 25 year periods. After breakouts markets always and eventually consolidate before they turn there next break. Post 1930's Great Depression...
Technical Analysis: Along with the technical indicators that I have outlined in the graph, the following fundamental analysis supports the reason for the incoming financial 2016 crisis. Outlined in the chart are my target dates for the bottom of the market, ranging from Q1 2017 to Q4 2018. Additionally, the right shoulder that formed in the 2001 and 2008 cycles...
The TRIMA is simply the SMA of the SMA -- a double-smoothed simple moving average. The end effect of the double smoothing is that greater weight is placed on values near the middle of the lookback period. It therefore reacts relatively slowly to price changes compared to most moving averages. But why would I want more lag? One potential use of this moving...
EURNZD: AO crossed zero. MA going bull. Fibonacci retrecement at 76.4%. Buying above SR level. SL is ATR
STOP LOSS ABOVE X MQL5: www.mql5.com
Looking at the 200ema, its clear that the market is in a very strong uptrend. There are few pull backs but still ithe market does not look to reverse any time soon. I am take a long trade on this targeting 30 pis. I have a good feeling abou this.