Long Position based on the strong upward trend and the bounce back off the trend support. Entering at: 1.36040 Stop at: 1.35939 Take Profit: 1.36225
Nice opportunity for a rebound of trend line support for a nice day scalp.
Bounce off support as the STOCH becomes oversold and rallies to test channel resistance.
Simple channel with a second shoulder forming, also testing the fourth time on the trend. I expect a nice short trade for the day.
Stoch is rising out of oversold position. MACD is crossing It also is bouncing off a firm line of support. I see a nice LONG position for a quick day trade scalp.
Stoch in the oversold position and will be turning around looking in a long direction. Plus the support line, I expect it to bounce for a nice day trade scalp.
This is the classic cup and handle formation. As you see the cup has formed and it is finalizing the formation of the handle. I expect this to bounce and head up for a nice day trading long position. If you take a look at the momentum it is suggesting the bullish movement going up soon.
The EURJPY is locked in a strong channel at the moment but watch for it to break the channel and head strong in the up or down position once the channel is broke. You can do a nice scalp play on the micro down and up trends.
Going to continue the strong down trend until hitting a hard support line at 1.06900. I personally will get in for a day trade but will close order shortly before the support line and watch from there.
Bearish Crab (Purple) and a Bearish Buttlerfly (Aqua) has formed on SPX 500 CFD. For conservative traders, taking the butterfly pattern for 2 targets at the 38% and 68% level and no further than $1885..Strong support on the daily at X I will be taking the Crab pattern. The crab pattern is not only visible on the 4hr chart but on the daily as well. Trade at your...
If price reaches that area, it can be area of interest for bull and bears with.
After taking some time to lick my self inflicted day-trading wounds I have slowly brought my trading plan in fous and have resolved to get back on track. With recent loses in mind, I took a step back, re-wrote my trading plan and committed myself to the plan. I woke today with the thoughts of playing a rally out of the Euro close into weekly options expiry - I...
Regarding this chart the cross keep a long signal. Go neutral if the trend line is broken.
Here is a really nice example of the BoT in action. Price had been basing through the overnight session as a wide double bottom was confirmed through the pre-pit open. That bottom setup long ideas and sure enough the BoT came alive when prices corrected to 103.26. I watched price action closely and was very fortunate to act when given the opportunity (wtg Brian). ...