Moving Averages Strategies.
The simple moving average is probably the most basic form of technical analysis. Even hardcore fundamental guys will have a thing or two to say about the indicator.
A technical analyst must be careful to avoid analysis paralysis because there is an unlimited number of averages and time frames you can choose from.
Above is a...
I'm long this one from mid 7s and aiming to ride the trend to next resistance level.
- All the moving averages are supportive
- Price Action is following Demand/Supply patterns
- Volume patterns for up moves are consistence with PA
- RSI is favorable
SFIX Stitch Fix is one of my faves, and I am a customer as well. if you haven't tried it yet, I would definitely advise. Very nice service. Anyway, technically speaking I am looking for a repeat of history from the last time the 125 MA support was lost. Then it retraced back up to flirt with it as resistance until meeting its short term downtrend resistance...
I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1...
If price crosses 50 MA and finds support there, it could also breakout from the triangle.
Entry: 0.00025000 (above 50 MA and price crossing)
Target: 0.00039000 (under red fib 23,6%)
Stop-loss: 0.00020000 (psychological round number under triangle)
I have NO idea what the fundamentals are on this stock. I only know what I see here on the chart. I am an intermediate scalper/order-flow/tape-reading and technical analysis stock guy. OMEX caught my attention. I've been testing scanning and new ideas.
Moving average cross of the ~50 over the ~200. All aligned well with the trend aligned up. Ichimoku Breakout on...
Bearish 4H candle that hit 50% Fibonacci, 100MA and ichimoku cloud.
Price action now correcting lower for at least 2 more four hour candles.
*beware of NFP data in 5 hours or so
You may contact me for further support on the internet if you need. See my TV profile for more info.
As the NYMEX session began this morning, the selloff in Gold continued and price hit the 50 day moving average @ 1210.80. That was my first profit target. A stronger than expected ADP jobs report this morning further increases the odds of a Fed rate increase this month.
Disclaimer: The post is for educational purposes only. Trade at your own risk.
Price has seemed to breakthrough the trend and is heading up. Pin-point entry might be very soon as MA's have just crossed on the 60min chart (14ma, 50ema). I believe price will touch and bounce straight of the outer trendline for a clean SHORT in future.