HIGH BASE SET-UP
Detailed Definition of setup and what market conditions are desirable
Ok, so on January the 13th, BA made a new swing high and it's been trading above the 50-day SMA...really since about November 2nd. So as far as trend analysis goes, BA looks like it has more momentum to the upside in the coming months.
Detailed Definition of the trigger...
HIGH BASE/ ASCENDING TRIANGLE
SPY has been trading above a rishing 50 day and 20 day and has been forming an ascending triangle or high base. It recently made a swing high on January 23rd which I used as my trigger. For the most part, SPY has been consolidating since let's say about the 12th of this month? Consolidating between 390 and 400 equal volume. Since we...
BULL PULLBACK SET UP:
Since about the end of June this year, WYNN looks like its been gaining momentum towards the upside. At the beginning of November, the 20 day crossed over and upward movement continued bringing it back to the upward trend line from the June/July lows and is now high basing with a pull back to the 9 day and area of support at 75ish.
The bull...
HIGH BASE SETUP:
For the last couple weeks BA has been basing and consolidating at the 9 day and on Friday it suhed higher and broke out. The overall market is down today and this is still holding up pretty good. My entry point was determined when BA traded above previous highs and closed above the highs Friday. I didn't want to get in Friday because I wanted to...
High Base Setup:
Financials have a +1 outlook this week and JPM has had a nice run higher the last few weeks. It's made it to 135 which was one of my resistance points and now looks like it's basing here in this area. I decided to get in now, even though we need to see a minimum of 5 days basing, just because it's had a lot of good upwards momentum. Either way,...
Good morning! Well, the last 4 days we've been in a high base and futures are currently trading lower around 3925ish. Still somewhat basing. Or is it turning over? It already touched the 200 day so now we gotta see if the bulls have any more in them to pierce through it. And that could happen. Last week I had mentioned that the markets like a divided congress. GOP...
A portion of the portfolio has exposure to crypto currencies, both Bitcoin (the most liquid and well known) and Ethereal. In addition to holding cash positions in these currencies, I do like to trade them. The moves are strong and can hold a trend really well. When I'm on the right side of a trade I tend to get a lot of follow through on the trades.
I entered in...
Long on GBP strength from this mornings news. Half position due to potential of run being overextended. 2nd position will be entered upon confirmation of breaking through resistance.
This is 2nd position entry. Bullish high base setup, trading over 20&50SMA on daily and weekly. 70 pip SL, 140 pip TGT for .88405. Currently have SL set for 125 pips on 1st position.
Long on high base with GBP showing strength over NZD in anticipation of a break through resistance. Weekly chart indicates potential reversal from pivot low indicating this could be a a trend change. 15min, hourly and daily charts have confirmed uptrend.
