Using the Bill Williams system on this one, we still haven't got a signal so we are neutral here. As you can see there is a highlighted area. This is the Support and resistance from the daily time frame. It looks like we got a false breakout . of course price cam back into the neutral area. What are we wait for? Awesome Oscillator is near zero ( At...
Small account trade; Sold 4 ATM Bear Call Spreads for $200. Lower fractal broken & a tad of AO divergence. Bad downgrade news on $MSFT adds to the mix.
We buy a .75 delta Put option with stop loss beginning on the previous candle's high. Another AO divergence from the price confirms due to no major reversal bars showing up; the previous bottom fractal was broken below the red line.
Fractal broken below Red line; no prior trend reversal bar; Twin Peaks AO Signal. Stop and reverse cent above high of entry bar. Profit taken a month later on 5/20 with close at/above red line.
- The pair is being traded at 1.4838 at the time of this report. - EUR has soared recently against other majors -CAD has been under pressure recently in light of recent data and Oil price decline last week . - Yet 1.485 is a strong resistance level and hard to see the pair breaking through this level. Bearish structure may start forming, prices may break bellow...
Since I published "picking entry points" several hours ago before the market opened-TTMI has surged to an 18% gain in today's trading. Here is what I wrote: The chart above is for-TTMI. I have been long this stock many times. For stocks or assets that are trending, look for entry points along some sort of repeating cycle. Above, TTMI-had a draw-down, but if you...
The chart above is for-TTMI. I have been long this stock many times. For stocks or assets that are trending, look for entry points along some sort of repeating cycle. Above, TTMI-had a draw-down, but if you look at the top three indicators, they are all strong. TTMI-tends to follow the alligator higher, with the lows coming at the blue line, the alligator's...
In spite of the signal for buy(breakout the fractal, that higher of alligator), on background of down trend I think that price will go down. fibbo line 78,6% level and oscillator of Williams confirm that. than go short position and get it more on the breakout the fractal_based support line.
I published a chart for-PYPL on September 8, 2016. I listed reasons for an upside breakout. Here is what I wrote. I am always looking for chart breakouts -up or down. Please consider the chart of-PYPL. 1. Buy Fractals. 2. CHOP line (below chart) sinking out of the shaded area, below 38.2, indicating a new TREND. 3. CHOP ZONE, below CHOP, is green, indicating...
Part 3. Three days ago I published Parts 1 and 2 for the-S&P and-IWM. (2,500 stocks total). I wanted to share with you the emerging markets. In my opinion they are weak, trend-less with a downward bias, and the risk/ reward ratio is to the down side. VWO-is an ETF consisting of shares in the following countries: China 23.23% Taiwan, Province of China ...