Gold back in demand and bid went higher. Long gold december contrats.
Traders - do not be fooled, the recent bearish movement of eur/nzd is purely a retracement following the pair's 2015 move - classic bull flag stuff. On daily chart, the pair closed above the falling trendline that has been in force since mid July, signalling further bullish action for the pair. I suggest longing upon retest of falling trendline following...
Main signal formation: double bottom Buy 38.66 (neck's breakout) Stop-loss 36.27 (-1 tick under double bottom) Target #1 41.00 Target #2 42.50
$IBEX35 looking attractive for a big bounce after breaking downwards resistance that was holding back price since July 2015. The first target would be 9200 and second target 10000. Aggressive stop loss 8400, loose stop loss 8200.
Main signals: 1-Double bottom with oncoming breakout 2-Breakout of strong inclined resistance
Signals: 1-Double bottom 2-Breakout of incline resistance 3-Realisation of channel 4-Formation of flag
Please note I am not a short term trader and I place no stops, I apply proper position size and build positions. I trade today's false sentiments when they arise and trade it for a profit in the future. I use Modern Monetary Theory for my analysis.
Please note I am not a short term trader and I place no stops, I apply proper position size and build positions. I trade today's false sentiments and trade it for a profit. I use Modern Monetary Theory for my analysis. Fundamentals BREXIT was a non event that did not effect the UK economy. A 20% decline in GBPUSD was and is unwarranted. The S&P, FITCH downgrade...
Interesting micro Chinese stock at multiyear accumulation area above $1.50. It could need a few more months before a new (likely) rally. A 100-200% gain could be easily achieved as long as support area holds.
Potential saucer formation Buy 81.00 Stop 78.45 Target 88.00
Holding $BORN at a $1.50 average. Following the main idea of Shanghai Index recent breakout, $BORN looks nearly ready for some action after accumulation around the $1.50 area for the whole year. Exciting days could be around the corner as earnings are announced tomorrow. But it could need up to one extra month to break current symmetrical triangle (bullish pattern).
Signals: double bottom Flag Buy 36.80-37.00 Stop 35.80 (-4 tics of flag's low) Target 1-45.50; 2-50.00 (sizing+Elliot's waves)
Signals: double bottom oncoming breakout of current channel local flag formation Buy 15.20 (local flag breakout) Stop loss 14.69 (-1 tic of current fractal/ flag's low) Target 18.00 (top line of monthly channel) 21.50 (strong inclined resistance)
Follow the money! And your trading will be easier and smooth. You want to start buying in an accumulation area and keep adding to your position as soon as a new uptrend starts to develop. Remember not to sell too early! You want to keep at least a decent amount of your initial position to keep riding the uptrend until it is over. That's the difference between...
Signals double bottom potential flag Buy 145.00 Stop 139.44 Target 1-160.00; 2-180.00
EURUSD may see continued downward pressure to 1.110 to 1.105 near term if the US comes out with better NFP and Unemployment rate nevertheless post data release expecting a swing to 1.13. Improving OBV negative readings may continue to support near term push towards next resistance of 1.13. Expecting to make money on the swing but overall still see no clear trend...
Sometimes you feel awful because you just missed a trade you were following, for only a little... I just missed a +85% profit for $0.01... Yep, for just a cent! In these cases, you need to remember to NEVER chase a stock. Just forget about it and move to the next opportunity, there are plenty of them, all the time. As I said earlier, after 3100 resistance was...
Why do I prefer to trade and invest in smaller companies while everyone seems to be only focusing on the main ones? The answer is easy, huge returns. You can easily make 50% profit in 1 week without any leverage and over 200% after few weeks/months. There is no way you can achieve the same results in larger stocks. Small stocks are also easier to trade if you are...