Timing for options trades relies on many price signals and confirmation. Even so, knowing when trends are likely to continue or to end is a skill of its own and many traders have timed entry and exit poorly because the trend was misread. One signal helps overcome this problem.
Bollinger Bands (BB) track the trend with three bands. The middle...
Bitcoin has had its ups and downs over the past few years, but now finally looks ready for a sustainable new bull run. That being said, there is certainly room for one more pullback over the next weeks/months, which would set up nicely for a Q4 breakout.
I'm already long and looking to add more if a significant pullback. In that scenario, I see $6k as the floor...
-broke the key resistance area at 55s
-retest new potential support 55-53
-upside potential is up to 73s
-enter a Buy at the current level
-or wait for the break of minor resist at 59s
-key stoploss is placed below 53s
USDJPY bull pattern got rejected yet again from the March top at 107.500 area. We can sell from here as USD remain weak againts all major pairs and take our profits from 106.75 to 106.20 levels. A breakout above 107.70 will be bullish watch.
The Nasdaq has been in a tight range for 10 years... Let's zoom out.. It's currently trading at the top of its 10 year range:
This leads me to believe it is not too far from steep correction territory - probably sometime in Q3 or early Q4 (2020), the latest. If it does find a top between now and about 600 points higher,...
We are currently in no man's land. Like I wrote it in the title, I would wait for a clear trend.
US 500 is at a support level, which might break soon... or not, nobody knows!
I see two scenarios right now:
>If 3018 support breaks, we might test some lover levels like 2944 or even lover ones(2867 >78.6 fib level)
>IF and that is a big if, 3040 resistance...
One of the more interesting pairs on my radar this morning is the USDKPY as it offers 3 different trading scenarios.
1 - We currently have a double top at previous structure (looking left) which can be used as an at market short entry.
2 - A violation of this double top (and previous structure looking left) should sen the pair higher to the next level of...
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If there's an evening star sitting at a very tough spot on a a daily that's a problem. This channel hasn't really broken and when it does this bulls will go crazy. So we have two tp zones for our bears a gap at 9449 and a child that needs his mom at 9216. There might be an issue after the gap at 9449 so...
The information in this guide is intended to get you started with your understanding of options, the terminology, and their basic characteristics. In addition to this guide, it is recommended that you study all information available under the education section of your broker’s website. Most brokers who cater to options traders provide good information that will...
P action has seen a -3.4% drop over the last 24 hours with volume increasing by a billion, the latter of volume is good as more participants or value is established and thus means the market was pushed harder by bears regardless of a price settle. 11 of the last 14 daily candles have printed in their price region of open meaning price likes this stable point yet...
Today, I would like to do a swing trading analysis using just Volume Profile and Price Action.
What got my attention this time was Gold. Its price has been rising and it hasn’t been this high for 7-8 years!
As the price is moving upwards there are zones where the Volume Profile shows heavy volumes. Those are most likely areas, where buyers were adding to their...
what a bullish rally on gold.
3 strong bullish daily candles in a row...
HOWEVER, analyzing the historical perspective we may notice that price is entering a historical resistance cluster:
1780 - 1802 is a supply zone based on 2011 - 2012 price action.
on a daily the price formed a harmonic movement with D...
I am seeing many traders, who shorted oil as they were thinking, it is overvalued, and will come down, especially because of the COVID-19.
Look, at first don't try to trade according to news, because most of small traders learn the news, after they were priced in.
Anyway, look at my previous analysis, i shared it when the prices were at 10-20 USD,...
After the recent confrontation at major obstacles (the stiff resistance of $10,000 level), bitcoin bulls attempting to show some resistance against the US Dollar on lingering fundamental news that global payment giant, ‘PayPal’ might launch the crypto trading mechanism, even though there are no specifics about the news. Many cryptocurrency exchanges ponder over...