Frame your support and resistance. Know the geometry and technical levels that cause a response. Study the chart for "Repeatable Pattern" and exploit your edge.
Looking at MACD on the weekly for SPX500 reveals that historically when MACD is negative for as long as it has been recently, SPX500 has crashed further. Weekly MACD suggests a bear 2016-2017 for SPX500
Short term Long: Long at 2063, tp at 2076, sl at 2060 Long term Short: Short at 2080, tp at 1640, sl at 2140 Here's the movie link: kat.cr extra fun, thanks to quandl, don't know you, but nice idea LOL:
Still holding a small size on ES longs from an avg entry price of around 1854. Targets and stops as shown. It's probably safe enough to move the stop to either the breakeven point, or below 1870 (S3 pivot daily). The rationale is basically dip-buying. There's a lot of market chatter about the "death" of dip-buying (beta.finance.yahoo.com), but that underscores...
Stop Loss: 1873.00 Targets: 1st: 1907.00 2nd: 1938.50 3rd: 1970.00
I'm short in the US30. I have been watching the order flow and there is still a large amount of bears hitting it at key levels. Bearish channel. MACD looks like it wants to slump over and diverge. 1st target will be .618 fib level. 2nd .764 fib level 3rd around 15200.
Hello Traders! The very interesting situation in the S&P500 index (ES). Suppose, that the market can take a form of Horizontal Triangle (EWA/EWP HT 3-3-3-3-3) So, we will try to buy near 1-st Strong Buyer's Support and take long position at the price 1871.00 (863 843 lots). The price target - 2089.00, our hedging risk T/P - 2035.00, S/L - 1870.00 (Of course S/L...
Entry: Market Stop Loss: 1953 Target: 1946.75
Stop Loss: when the pattern is broken Target: 1990.00
1st Setup: Entry: Market Stop Loss: 1992.00 Target: 2034.00 2nd Setup: Entry: Market Stop Loss: 1992.00 Target: 2052.50
1st Setup: Entry: Market Stop Loss: 2012.75 Target: 1996.5 2nd Setup: Entry: Market Stop Loss: 2012.75 Target: 1983.75
1st Setup Entry: Market Stop Loss: 1.0934 Target: 1.0978 2nd Setup Entry: 1.0940 Stop Loss: 1.0930 Target: 1.0978
Entry: Market Stop Loss: 2060.00 Target: 2006.75
Updating my count. Let's see if institutionals confirm the triangle or if they prefer to manipulate price into some different direction...
Entry: Market Stop Loss: 2050.00 Target: 2057.00 (1st Target)
Entry: Market Stop Loss: 2055.25 Target: 2046.75
Entry: Market Stop Loss: 2005.5 Target: 2025.0 R/R Ratio: 4.57
Entry: 1999 Stop Loss: 2002.25 Target: 1990.75