I buy gold at point 2 around $1243 and will close order at target B .
Then I will sell at this point B with target 1.272 Fibonacci Retracement of A2 around $1230.
FX:AUDUSD
In this trade we can see a nice preceding bullish trend heading towards an area of resistance, next we see a nice pin bar candlestick which tells us that the bullish power might be transitioning to the bears. Confirmation is needed for me, so i executed a breakout entry below the low of the pin bar candlestick or also called Indecision...
"SPY Master" is a simple medium frequency trading algorithm that uses my RSI-EMA oscillator on a 1h chart to trigger buy/cover and sell/short signals. The algorithm only holds 1 position each time and it can go either long or short on SPY (S&P 500 exchange-traded fund). The average holding period per trade is about 18 hours.
Please note that the backtest uses a...
This simple RSI-MA long/short algorithm beats the Dow by a FREAKING HUGE margin over the past century (excluding dividends and trading costs).
The algorithm uses a fast SMA of the RSI as a buy/cover signal and a slow SMA of the RSI as a sell/short signal.
Backtest period = 09/17/1916 - 11/02/2015
DJIA = 98 --> 17,830 = +18,094% = 5.38% CAGR
Algorithm = net...
Adding a final long at the .77 level will be holding this until December if not stopped out currently still holding to longs back from .763 and .768 I feel that I wan't to enter 1 more time though and just leave it to grow. Added with the DXY weakness and beginning of inflation for AU I believe this can be a great long term trade with the potential for big rewards...
LNKD price action is now showing potential trading opportunities both long and short. The short scenario: The broader time frame is generally bullish but currently we are facing bearish momentum. This is a healthy retracement since it has not compromised any significant supports so far. Using Elliott Wave, I have counted 4 waves of a bearish impulse. This scenario...
How about that! I posted this a few weeks ago and now look at it. Guys looking for the wave up, this could be your chance. Dont enter just yet. Lets observe this further, the price movement down is very strong thou the RSI is over sold this could still go down. So dont enter just yet. if the price breaks above the AB=CD close above it. Then we can be buyers....
UPDATE ON PREVIOUS POST. THERE ARE MANY FACTORS GETTING INVOLVED. I APOLOGIZE I HAD ATTACHED THE WRONG LINKS TO THIS UPDATE.
TECHNICALLY THE INDEX IS STUCK ON ITS 9-10 EMA HOWEVER IF IT FALLS BELOW 1931.9394 THERE IS NO SUPPORT FOR A WHILE POSSIBLY ROOM TO FALL TO 1892.
IF IT STAYS ABOVE WITH VOLUME IT WILL RALLY.1936.2382 WOULD BE THE WAVE START.
NUMBERS TOMORROW...
![AUDUSD: [AUDUSD] PIN BAR CANDLESTICK + AREA OF RESISTANCE](https://s3.tradingview.com/j/jMv5cfkd_mid.png "[AUDUSD] PIN BAR CANDLESTICK + AREA OF RESISTANCE")
