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Inside Bar

SPX500 inside day after new high, why not?SPX500 had a nice start of 2018 to recover the loss from the last day of 2017, and it gave a strong inside day after all time high. So the question again, is it worth trading? My answer is: why not if 25 points risk is acceptable! if that's too much for some intraday traders, I still think the intraday long opportunities are worth taking! The only indicator for this trade is 8ema, and it almost finished 21ema correction, too! 2700 fig resistance hasn't really tested yet, which is a minus for this trade. While, this kind of trade implies to break following fig level itself, so I still willing to take this one!
FX:SPX500Long
by Trader_Joe_Lee
2
NZDUSD inside day, multiple choices! This article can pretty much illustrate many of my trading strategies lol! It has been so bearish on NZDUSD since August, and it bounced more than 200 pips to stand on 0.7000 again. Here, there is an inside day yesterday, and this chart I drew can create a clear mindset for the following movement. Whichever direction it goes, I'll have some strategies to trade. 1 is the simplest but most risky one, which relies on pure momentum to long the inside day breakout in a somewhat extended daily chart. 2 is waiting for the momentum to reach a supply zone and a bearish bat pattern to short 3 is an inside day breakdown short, with a bearish butterfly and EMA correction combination. 4 is 2618, XYAB, and demand zone long. Among these 4 strategies, my personal preference is 3>4=2>1. Let's see how it goes! ============================================================================================= tradingview.go2cloud.org (link to TradingView live chart) Welcome to click it as a like button if you like this article yo!
by Trader_Joe_Lee
ETHUSD, inside hr after new high, shall we?As I mentioned many times, inside bar after new high is one of my favorite trades. Related ideas for BTCUSD below were classic teaching material! My sister kept on asking me when is the best time to buy ETHUSD, to be honest, I don't really understand too much on how it works. So what I know how to do is to treat it as a trading vehicle. Buying at all time high seems silly , but that's how this trade works, and the only indicator needed is 8ema. I don't have too much preference and study on whether ETHUSD worth buying, but this set-up worth trading for me! Of course, strict stop loss and 1st kick executions are MUST for this kind of momentum trades! Let's see how it goes! -- tradingview.go2cloud.org (link to TradingView live chart) Welcome to click it as a like button for this article lol!
BITSTAMP:ETHUSDLong
by Trader_Joe_Lee
TEVA, inside day in front of exhaustion gap!TEVA was one of my favorite company to trade back to 2014-2015, and I was so bullish on the company then based on fundamental analysis~ After I stepped in the world of technical analysis and momentum trade, the story of TEVA has totally changed, too. There was a significant "island" formed by the exhaustion gap, and here comes an inside day. The short is the confirmation entry and the 8/21EMA correction combination; the long, on the other hand, is not a very great idea as it's fighting with the resistance. It's a better short than long inside day case, (compared to the relative idea below-- a both sided trade) Again, it doesn't imply I am predicting which direction it will break at all! Link to TradingView live chart! Welcome to click it as a like button lol~ tradingview.go2cloud.org
NYSE:TEVAShort
by Trader_Joe_Lee
2
WB, inside day @ 0.618 retracementThere has been crazy sector rotation these couple of days. Most of the tech stocks and Chinese ADRs encountered a sold-off. It's the time to choose direction and it did give an inside day for us to take our judgment. If it's able to break to the upside, that means the 0.618 is playing as a support and it's time to long; If it's able to break to the downside, that means the sold-off may continues and not a bad idea to follow the trend! So let's see how it goes, and I'm more inclined to trade the breakout than the breakdown.
NASDAQ:WB
by Trader_Joe_Lee
BTCUSD, inside day after all time high trade!Inside bar after new high is always one of my favorite trades especially when it already finished 8EMA correction. Of course, this kind of trade will long something at an unbelievable high price, but all it wants is the momentum to bring us to the 1:1 area. To be clear, the message of this kind of trade is "if it can break to the upside, I would like to long", rather than "I think it can break to the upside to let me long". Never predict, recognize and participate in a trend!
COINBASE:BTCUSDLong
by Trader_Joe_Lee
GBPJPY 4HR bullish bat pattern and inside bar combinationThere is still 45 minutes left to close as a inside 4hr, so let's wait! If it's able to close as a inside bar and break to the upside, it a worth trying long opportunity! I'm happy to have 400 followers on TradingView already! Thanks everyone for following me and I wish you a happy Thanksgiving! Please reply me any question, opinion or suggestion on my publishing style or my trading style! I'm more than willing to interact with my followers yo! And if you can read Chinese, please check my Chinese version of TV, I am the 1st one to use "freestyle" as a tag, let's get some tempo lol.
Long
by Trader_Joe_Lee
7
CVX demand zone long opportunityCVX dropped after its earning report, and it gave a inside day breakout afterward. At the same time, the oil price rallies a lot that is very close to the important pivot. Being bullish about oil but not willing to chase the high before the resistance, long a oil company may be an alternative. Often times, a demand/supply zone is formed by inside bar breakout/breakdown despite the fact that they have totally different trading philosophy. While if we missed the inside bar breakout to catch the momentum, a pull-back strategy is still better than chase the high.
NYSE:CVXLong
by Trader_Joe_Lee
USDCHF Inside week and a potential XYAB patternUSDCHF has an inside week last week. I believe every breakout direction of inside week is important, while not every one worth trading. Most of the time weekly chart are for mid-term to long-term analysis, not really very suitable for day trading and leverage trading with regard to time and overnight cost. However, the bigger picture matters of course, so I still turn to weekly chart on every Monday to decide the long/short preference this week. Here in this chart, there are 3 potential trading ideas: 1. inside week breakout 2. inside week breakdown 3. XYAB Pattern I won't trade all of the above directly, but if it completes the trading set-up, it may pretty much influence my long/short preference. What's more, the high and the low of the inside week are both figures, which may kind of enhance the power of the breakout although Forex doesn't regard fig levels as much as stocks. Bottom line, I don't predict it will go which one of the 3 trades, actually I never do. All I want to do is to "recognize a trend and participate it". Prediction has nothing to do with my trading philosophy.
by Trader_Joe_Lee
GS inside day after earningsGS has a inside day after earnings, and it's one of my favorite trade! The stock futures had a little bit plunge this afternoon as the news about Spain, while in terms of inside day, we won't be afraid of news. What we focus on more is the direction it breaks. If it's able to break to the upside, it means it shows great relative strength and it's still a nice long; If it breaks to the downside, then it will pretty much be a short-term trade as I am not bearish with the stocks yet. Also, there is a potential bat pattern entry I drew this kind of pattern several times as it can give different strategy depending on different kinds of scenario, so I have a clear mindset to deal with the unpredictable market movement.
NYSE:GSLong
by Trader_Joe_Lee
AMD, Another 0.618,2618, and inside day combination One month ago I posted this trade on TradingView and it became one of the most powerful education material for 2618 trade; This time the 2618 looks even more significant, and it could be another chance to long. Noted that whenever using inside bar as confirmation entry, a 1:1 1st kick of the inside bar itself is a MUST. So there are actually 2 trades possible: 1. inside bar breakout 2. 2618 entry right here. A higher winning percentage needs a larger room for the stock to run and means less position and longer duration; A great risk-reward ratio with smaller risk allows larger positions and faster result, while it could be stopped out more often. Both are meaningful but they are at the 2 sides of a scale, so find a good equilibrium and a most suitable way for yourself is more important.
NASDAQ:AMDLong
by Trader_Joe_Lee
MU inside day long opportunityThe whole stock market is in the rally mode again, inside bar is one of the most effective tool to take part in such market. MU, as a cyclical stock most of the time, also made an all time high on Wednesday. The other unbelievable low P/E stock GM also starts a rally, and I think if there are still continuation for this rally, a simple P/E correction to 10-12 times can create a huge rally for these names. Of course, stocks won't suffer low P/E for no reasons; there are always skepticism for both MU and GM's business. I'm not really that optimistic to say that they are going to make a REAL turnaround here, but a limited risk set-up to long to take part in the potential continuation is still a solid idea.
NASDAQ:MULong
by Trader_Joe_Lee
BA inside day long opportunity.Yes, you guess it right, to long in such a high price looks silly again, but it's really one of the most effective way to join an great uptrend without any significant pull back. As BA's business keeps on growing, many investment bank start to upgrade it with target price higher than 300.00. I know clearly how unreliable the target prices can be, but to be bullish and try to participate in a trend is always my trading philosophy. This is one of the case that I don't really want to use the inside day low as my out, since 1. 8 ema hasn't caught up the inside day low ; 2. I don't really want to risk only 1% in a trade, should give it a little more room to run. Therefore, the previous pivot @ 254.07 is good enough for me. Let's see how it goes!
NYSE:BALong
by Trader_Joe_Lee
1
PG trading strategyPG on the hotspot and it gave an inside day yesterday, in terms of investment, we should actually avoid these hotspots and news names; while in terms of trading , we look for fluctuation to trade! Short-term plan for today is the inside day, if it's able to break 91.80 today, it might be a good news pull back to long this consumer product giant; If it breaks the downside, it could be the continuation trade for the 90.00 breakdown. That's why I recognize it as a both sided trade. 1:1 1st kick and strict risk-reward stop are MUST of course! In larger time frame, the bullish bat pattern can be a better long if it's able to give reversal sign there. Let's see how it goes!
NYSE:PG
by Trader_Joe_Lee