Currency pair NZDUSD Daily screenshot Daily downtrend with narrow channel. Last candle is pinbar 4H Inside details we can see actual attitude price to trend, it follows. Protection: Fibonacci level 0.382 ; resistance level 0.69717 ; inside bar in 4H TF, pinbar in 1D TF ; trend itself Stop Loss 0.69894 Target 0.69085 Entry 0.69624
In terms of inside bar trade, the answer is a clearly YES if it's able to break to the upside! Of course, it's simply a trade to chase the high, like all the other "long the inside bar after new high" trades~ It's quite interesting to see how the market reacts with this kind of trades. DON'T try this kind of trade without proper knowledge about trade execution...
bytecoin. took a long position here. not even sure what this coin does. any info appreciated. was looking for byteball, but not on my exchanges.
DXY had an inside day before NFP, which is normal as the markets are waiting and consolidating. An inside day breakout with the NFP momentum combination is quite a worth noticing spot for today's trading. Back to the inside bar itself, it is actually a more bearish one as it's at 0.618 retracement and it kinda extended in terms of 8ema, but we can regard the...
Inside bar after earnings is one of the inside bar trades that can break the 8ema rule as the earning day may be taken as a whole new start, which implies strong potential momentum. CMG had a 25% rally after the earning report to come back to the stage, and it gave a daily shooter here, I like the long much more than the short though. Of course, if it breaks to...
TWTR has an inside day after earnings. It can be a solid trade itself , and it's also fine to look for the confirmation for both side. If it breaks to the upside, it can be the confirmation entry for the recent bullish 2618 ; if it breaks to the downside, it will be the tiny time frame's continuation. so it's a inside day that worth trading no matter which...
Recently the SPX500 is just a great trading vehicle by harmonic patterns, supply & demand, and inside bars. It started with a huge daily XYAB, bounced of 2 entries of it , forming tiny XYAB and 2618, and numerous inside bars trading opportunities.. Yesterday it dropped from the 2660 supply zone Here we got another chance to trade take the long with a 0.618 and...
BTCUSD update: Price is poised to make a higher high and possibly break the 9225 old support/new resistance level which can lead price up to the 9861 reversal zone boundary. Along with this possibility, an aggressive swing trade setup is developing as I write this. Is the trigger worth entering? In recent reports, I have been writing about how not all signals...
ETHUSD update: These markets won't pull back, but do not get sucked in by the fear of missing out. Risk of a retrace is high within the current resistance zone even with the new long signal that has just appeared. As Andrew recently told some of his followers, "No trade is a trade". The 503 to 541 resistance zone (.618 of recent bearish structure) is a minor...
Last time in the late January, when BTCUSD finished weekly 21ema correction, which made the inside week so important. And now, the inside week here simply is the 0.618 retracement since bitcoin started trading. If it breaks to the upside, the 0.618 retracement support is strong, not a bad idea to take some long positions; if it breaks to the downside, the...
BTCUSD update: The initial bearish trend line is clearly broken, and an inside bar has appeared (previous candle). All of this is happening around the 6805 reversal zone boundary. This market is still in the process of setting up for a broader move higher in my opinion. Here is the swing trade trigger to look for: Long 6900 Stop 6488 Target 7460. R:R Approx...
SPOT and DBX are 2 IPOs that the market put the most focus on this year. DBX got an inside week to trade, and SPOT got this inside day. Momentum trade is one of the most effective way to trade IPO stocks, we often traded the 1st inside bar after the IPO (Usually first inside 5 /inside 15) If it's shortable, the first inside 15 on the IPO day was OUTSTANDING!...
US30 has a hourly triple inside bars before the stock market opens. It's pretty much a nice both-sided trading opportunity, as there are still plenty of rooms before reaching the previous demand / supply zone. So I'm willing to take this trade with minor risk! Let's see how it goes!
SPX500 bounced off the combination spot for XYAB and Butterfly @ 2550. Here we got an potential confirmation entry--inside day! Find intraday long opportunities after it broke to the upside, and if it breaks to the downside before to the upside, this trade doesn't exist anymore. Let's see how it goes!
In a trading day like last Friday that most of market participants had a day off, it's just normal to form an inside day with limited volatility. A worth-trading inside bar usuallty comes from high level of uncertainty, bulls/bears fighting, and digesting important news....etc None of which is about lack of liquidity; as inside bar is a momentum trade, enough...
FB has been a trading hot spot for a couple of days with a 30% slump, looking for some set-up to long is not too crazy. Actually this X point is not a perfect one and the more significant 0.618 retracement will be near 145, but if the inside day is able to break to the upside, it's still a worth taking trade with solid 8EMA correction rooms. Let's see how it goes!
"Systematic risk creates potential buy low opportunities" People with this thought may have participated the Brexit day and the Trump winning day's victories. Also,in terms of harmonic trading, the logic is not "It's nonsense to catch the falling knife" ; it's more like "We'll be waiting for the slump to get the long entry". Of course, there is no need to...
Stock market has been consolidating for the whole day to form an inside day. As there are still plenty of room before the buy-low and sell-high spot, it's a worth trading inside day no matter which side it breaks. It made the 1 and 2 trades. For 3, it's a bearish bat pattern and supply zone combination; For 4, it's a bullish 2618 . With such analysis, we'll have...