Risk trends will dictate how the next few days to weeks will play out. The last several times price has reached the $75 it has rejected and retraced to $70. Most recently two pin bar candles have formed back-to-back so the probability of bearish price action has increased significantly. Traders should pay attention to headlines related to trade and fed speak. If...
Long on gold at the break upward of this blue trend line. I’d rather get it on a pullback to the red line 200sma. Markets falling & other economic factors could easily see gold up to $1700 by next year.
1: Always Use a Trading Plan 2: Treat Trading Like a Business 3: Use Technology 4: Protect Your Trading Capital 5: Study the Markets 6: Risk Only What You Can Afford 7: Develop a Trading Methodology 8: Always Use a Stop Loss 9: Know When to Stop Trading 10: Keep Trading in Perspective
JDST looks to be bullish, making higher lows in the recent weeks. Couple reasons why I think it's on the uptrend: - Phase one of the China trade deal concluded bringing some stability to the world economy; generally this should reduce the demand for gold, lowering prices and increasing JDST, a gold miner BEAR. - Gold prices have a very strong resistance around...
- Finding support on the 100ma and currently above 50ma (4HR) - Target a move to R16.32 - Stop Loss around R15.46 - R/R is 1.5 - Weaker dollar will aid Financials - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Hello my quick recap so far -8-) I am out most of the trades for +/- 300$ profit. I am in a small spread. As i do not see much opportunity my side at the moment. All in light size. I will trade more spread in ETF PAIRS.
AMEX:GDX If the value of gold continues to increase, automatically the companies linked to the extraction of this metal would derive profit from it and therefore we wait for a breakout of this resistance to allocate eventually a part of the portfolio on this ETF. As we also notice from the point of view of the potential resistances that could be found on the path...
AMEX:EWZ Potential ascending triangle of continuation of an inverted trend at the beginning of 2016 in the Brazilian market. In this case a breakout of the resistance could lead to interesting profits, and ETFs are volatile assets that have intense price changes in tight time frames, and a liquidity necessary to allow immediate trading in the trade. finance.yahoo.com
NASDAQ:ACWI The price has bounced many times on the level 75.00 forming a clear resistance, and finding in the last period also support on the level 70.00. In this case, being the leading ETF on the world's leading indices, uncertainty can be perceived in the markets at the moment. However, it is not a guideline for our operations, but rather a potentially...
I share my longterm expectation of this trade. Memory prices stabilizing. This could bring great gains for this stock in the longterm view. I am in this trade for a long time. But for those who are not in this trade yet...we got a pinbar on the 4H, which is first good sign for the entry if you still hesitate. You can also wait for the daily candle confirmation.
Natural Gas ETF's such as UGAZ are looking more bullish. It broke through a very strong channel that it has been consistently following for a couple weeks now. Look for a slight correction before entering.
Many are unaware of the Anchored VWAP tool and that is unfortunate, because this is a critical marker for large institutions and their orders. When anchored to significant market events, such as 1st trading day of each year, Highs, Lows, Election days, etc; this tool gains even more usefulness. As Brian Shannon, who has popularized the tool amongst retail traders...
Lyxor STX600 Chemical, with its inverted head and shoulder (bullish continuation pattern).
bearish bias remains on S&P500. the market was coiling within a bull flag for a while but once it faced the major resistance we see a clear formation of a lower high + dodji candle. I expect bearish continuation and still hold short trade from higher level. for those who missed the trade, you can wait and sell bearish breakout of a flag. target level will be 2950
though I have already shorted spy, for now, there is another perfect selling setup for those who missed the trade. on 4h chart the market has formed a classic double top pattern with lower high and RSI divergence. I trade this reversal pattern waiting for a bearish breakout of minor support beneath it. T1 - 2945 T2 - 2900 Stop - 3028