The bearish candle, which closed below MA100, gives us a signal that the up trend is over and we'll see down movement. MACD and DMI confirms short trades. We can place a pending order below the low of the signal candle and wait when price moves down and open our trade. Stop order must be placed above MA20 or the resistance level 4800. Profit target is 4700 level....
Let's try to catch down movement one more time. We have a resistance level and price reversal confirmed by RSI and MACD. We have bearish divergence formed by RSI and MACD. We have double top near a resistance level. Is it solid arguments for short trades? Of course, yes. Will it be a profitable trade? Well... several short trades based on such signals were closed...
When I waited for price reversal from 4700, 4750 levels, the trading strategy gave 2 signals for long trades. One of the signal is based on volatility breakout setup. You can read about such type of signal below. The other signal is based on trend following setup. The profit target is the possible reversal level 4800. And we can see that these 2 trades could be...
Market part of Weekly Recap: www.youtube.com
What do we have now? On the one hand the trend line was broken and bears reached 4700 support level. DMI gives a signal for possible down movement and this market is overbought. Based on this we should open short trades. But on the other hand we have price reversal from 4700 support level with RSI confirmation. MACD confirms long trades in the direction of the up...
Just another try to catch down movement. RSI and MACD have formed a super bearish divergence which is not the perfect but any way it's rather interesting. If price bounced from this resistance level, we could have more reliable signal for short trades. ADX makes every new high lower then previous and it's a signal that bulls are not so strong now. So, we have good...
NASDAQ climbs higher and higher. Where will we see price reversal with following down movement? May be 4750 or 4800? It does not matter if we try to open a short trade like this: we have to wait when a candle breaks the up trend line and closes below. It will be a signal that probably the up movement is over. Place a pending order below the low of this 4H candle....
When we have strong trend market conditions, it's a wonderful time for making huge profit. Here there is a sample of profitable long trades which were based on the signals of my trading strategy, when a lot of traders thought about the price retracement from 4700 level. I also thought and wrote that only short trades could be near possible reversal zone. But the...
On the daily chart, prices have looked wobbly in the last few trading session.The daily RSI has turned lower from the overbought region, while the daily MACD has turned bearish as well. Consequently, 18,264 (23.6% Fibo of Brexit low-Record high) stands exposed. On a larger scheme of things, bullish invalidation is seen only if prices see a daily closing below...
We think market is going o spike and then way back to normal range 2221-2243 go short stop@2264 tgt later
Is what it is: the indicator, the time or the perception of things which gives price developments? I say time is central to the perception of things and it gives the price. Each onto his flag and his time horizon for its trading and yet I remain convinced that the evolution of prices is built day by day because every day is a new day and a friend said a daily...
This is my first attempt to predict points and time using fibonacci proportions of them and Gann Angles; American stock markets just pop up from a 5 days bull flag. I expect points to move about 1.4% untill next tuesday, July 21.
FTSE's bearish break from the rising wedge pattern amid overbought conditions suggests a technical correction to weekly 5-MA of 6530 could be seen over the next few days. On the other hand, an hourly closing above 6743 would put bearish view at risk, although bearish invalidation is seen only if prices see a day end closing above 6743.4. In such a case, the...
Price comes to the 1st possible reversal zone. We have a strong resistance level 4700 and up Bollinger Band on weekly chart. We have to wait for a bearish candle, confirmation from RSI. Only after that it will be possible to think about entry levels for short trades on the daily and hourly charts. MACD falls and it's a signal that resistance level will be able to...
Today, Bank of England governor Mark Carney said a rate cut is needed after the Brexit vote and hinted that it could come as soon as this summer! This news got the FTSE and the DAX flying up to nearly 300 points. Also, the Feds stated this week that they may cut rates this summer as well, possibly even this month (July) so that is really great news for global...
Aussie is amazing these days , It shows very nice trading opportunities. A lot of people are trapped here however. No reason to sell this pair for now. It can be sold only higher. We are on Major levels which show us strength. I currenthly anticipate higher prices next month . I'm waiting for more confirmation from Monthly close , If needed I will wait for Weekly...
If this game was baseball, three strikes would mean you're out. Could this be the start of a third wave of devaluation in the Chinese Yuan? Each time the Chinese Yuan devalues it just happens to coincide with a massive selloff in the SPX. 2015 was the first time that China reduced its stake in Treasuries on an annual basis in an attempt to support the yuan and...
Could this bear party be just getting started? On Friday the NYSE down volume or DVOL rose to it's highest since 2011 And this is likely just the first day of a larger selloff. Whats your thoughts ? Please comment!