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jackmyattFX jackmyattFX GBPAUD, 60, Long ,
GBPAUD: GBPAUD Long
1543 11 27
GBPAUD, 60 Long
GBPAUD Long

Chart says it all: -Broken and closed outisde really strong trend line acting as resistance -Now not making lower lows -Also found support on the monthly key level 1.9900 and 20000 -which is a good psychological number if it hold -Break-retest-enter -Target key level of weekly resistance 2.0400

Paul-FXTC Paul-FXTC NAS100, 240, Short ,
NAS100: NAS100 it is better to enter short now carefully
115 0 2
NAS100, 240 Short
NAS100 it is better to enter short now carefully

it is better to enter short now carefully before entering buy

dspark123 dspark123 SPY, D, Short ,
SPY: Entering BEAR Territory
315 2 1
SPY, D Short
Entering BEAR Territory

We are entering BEAR Territory. Daily 50 MA crossed 200 MA, so called DEAD CROSS. This could be Correction, but more likely Entering BEAR if falls 20% over 2 months period (by definition). We have to watch more. Reason is follows: 1. stock is overvalued. 2. Earning growth is stalled. 3. Global economy is entering recession. 4. US manufacturing, GDP is falling ...

JoeHayes JoeHayes MGM, D, Long ,
MGM: Pin Bar with Volume Spike and Momentum Divergence
154 2 2
MGM, D Long
Pin Bar with Volume Spike and Momentum Divergence

MGM brought huge volume yesterday to form a pin bar at support. This support level was hit with some momentum divergence and should hold. I am looking for a retest of 24.80s for a 1:1.5 RR ratio. Price has broken the high of yesterday, and this pullback should provide a good entry point of which to take advantage.

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