DXY Dollar index still neutral but gearing up for a break out. Don't need to predict this even if Dollar looks more bullish than bearish right now. Whichever way it breaks will be worth following
The name of the game in trading is knowing when to cut your losses short. Goldman Sachs upgraded MSFT in premarket trading today, which caused a gap up in the opening price. We're in the red about $105 from an originally $252 max credit trade. We're going to wait for market close before cutting our losses on the position. If the close looks to be as if it's...
A little work in progress, nothing really new here, just "simple" open-close cross trend trading strategy.. but of course with a dash of my own flavour.
So it got less simple..
You can use simple open/close series crossover, or use your preferred brand of MA instead.
needs a lot more tweaking before I actually go ahead and publish the script, but still fairly...
The long position entered on a breakout of the 1.40 level is finally seeing divergence on RSI. We warned earlier "that this trade (long USDCAD) is crowded: the relationship between the USDCAD pair and oil prices is well known to pro traders, hedge funds etc. Many analysts have written about this trade over the last 12m to alert retail traders to the opportunity....
On 5 Jan 2016 we identified a level to short this currency pair. The target was at 1.4230 which we nearly reached on 15 Jan 2016. Today we see support has held following the release of Chinese GDP & retail sales data. Whilst the strengthening US dollar provides a decent tailwind for this trade, today's UK inflation data, the muted impact of Iranian oil being added...
A developing head and shoulder position of Bank of America
- A close out today below 15 would indicate a break in the cycle and a subsiqent sever sell off
- Inversely, a break above 16 would be an early sign of a bull run.
- MACD is approaching a critical inflection point as well.
Good luck & happy trading!
I wanted to point out that trend trading is trading support and resistance. What do i mean by that?
the first thing i want to point out is you need to spot out support and resistance before you place a trade on the long or short side.
Did price close above a key level? did momentum break out with it? if the answer is yes then there is a strong indication to the...
