The EURAUD appears to have closed below channel support that extends from the February low. However, the 1.3900 support area isn't far below Friday's close. I booked profit on my EURAUD short at 1.3907 last week for +190 pips. Depending on how Monday opens I'll be interested in shorting the cross again for a potential move back to the 1.3670 region.
In contrast the positive effects of #CABLE's weakness provided the #EURGBP Cross rate a sustain move relative to its established direction as it penetrated its trend line resistance on the way up at the opening gap traded @0.8836 as the #EURUSD stayed @1.0605 levels at the Asian open. There are only tow ways to interpret this move either a run away gap which...
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... 1482 Cross-Rates (4th Quarter Statistics) @...
127% Fade on the GBPJPY. Using pastmarket angle to aggressively enter the market as it retraces towards the 38.2% retracement
Simple Moving Average strategy for USO - United States Oil Fund. This strategy can be used on stocks and currencies but will need to tweak frequency on chart and backtest Max Draw Down to Net Profit ratios for maximum dollar gains.
This can be backtested using stocks and currencies. For stocks, depending on which stock and its voltility, backtest shorter chart frequencies such as 3min to 1hr. For currencies, backtest longer chart frequencies such as daily to month depending on backtest you see fit. A quick note such as USDJPY, a week is sufficient for example. You will see high Net Profit...
Last week appeared to be very profitable for shares of AYR which gained more than 7% and crossed up 20, 50, 100 MA confirming long term bullish trend. Despite losing some momentum in the beginning of the year when the company depreciated almost 30%, all losses have been covered and currently this stock looks to reach its eight years high at $25. The cross of MAs...
The currency that most people focus,GBPJPY There are two reason to sell it : 1.Trend line resistant as the circle shown 2.Another thin trend line has a cross point at another trend line (the red circle)
A little work in progress, nothing really new here, just "simple" open-close cross trend trading strategy.. but of course with a dash of my own flavour. So it got less simple.. You can use simple open/close series crossover, or use your preferred brand of MA instead. needs a lot more tweaking before I actually go ahead and publish the script, but still fairly...
After a long bear market silver made a rounded bottom and is now clearly heading north. The MA50 is going to cross soon MA200 and RSI is showin a bullish divergence on the last top. After a local top close to 16, price retraced to 0,5 level and is now keeping with the uptrend. The breaking out of resistance around 15,7 could be a good entry point.
In this example I show you one of the ways I use to trade in a 4hr timeframe. The idea is to first wait for ema cross, and then wait for at least 2 retracements, after retracement, open a position and place sl below or above the previous retracement depending on your position. The only downside to this strategy is you might miss a lot of other trading...
DESCRIPTION IS IN THE PICTURE. VARIOUS REASONS FOR THE SHORT AND CONTINUED BEARISH TREND. TARGET 1 - $14 TARGET 2 - $12
The last time INTC's chart performed the death cross it traded from 26.60 to 19.30 in a short period, well it has happened again. Right now we are trading at 30.79 but the pressure is mounting as institutional selling has begun. This to me looks like a great short , at least until earnings in April. INTC's forward looking guidance has the stocks estimate at...
MACD just crossed and RSI is moving back up. Price looks like it wants to test the underside of the 200MA.