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MACRO VIEW: BTCUSD IS ON THE MOVE UPWARDS AGAINBitcoin has entered into an uptrend more than a month ago (June 16th 2015) and the trend held multiple tests since then, pulling back to the 1st standard deviation from quarterly (66-day) moving average. Trades willing to participate in current rally should look for to pick up long positions at pullbacks to the 1st standard deviation, with stops at the quarterly mean itself. ... Since Bitcoin is not truly influenced by fundamental factors, it is a purely technical trade - and the trend will be intact as long as price will drive the perception of traders.
BITSTAMP:BTCUSDLong
by Killy_Mel
FX CHART OF THE DAY: GBPUSD BREAKOUT PROBABILITYGBPUSD Price is trading at the 1st standard deviation from weekly (120-hour) mean from below amid expanding volatility (measured by 3.2 st deviations from the mean). Purely on technical basis, if price is to break out from the 1st standard deviation (at 1.5615), traders can look for long positions with stop at the weekly mean (at 1.5560) Traders should also consider US FED news events coming out 18:00 GMT, which can trigger unexpected price volatility on the cable.
Long
by Killy_Mel
Riding the bullish momentum of the USDCAD - daytrade/intradayThroughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im expecting this to go higher with a target of around 1.2800 - around 80 pip profit
Long
by ppp7
Continued Review of the possibilities in Home DepotSeeing the way the MACD and MFI is acting, I would say there is significant risk to the downside. However if you are already long from the recent low, then I would probably look for a continuation of the more obvious trend Could we see a retest of the recent large red candles midpoint? Possibly. And then either re-enter the bearish channel or chug through the volume zone overhead. There is also a candlestick pattern below. I'm not in a trade atm, but I wan't to see how this turns out... - If you want to get short, perhaps look for a better Risk/Reward ratio with a new bearish candlestick formation - If you want to be long, you should have been in on the bullish candlestick pattern or on the Stochastics signal for a better Risk/Reward ratio - *If* you are willing to risk it and commissions are not too high, you may be able to get a dollar in either direction with a very tight stoploss under/over the last printed candles wick or, should you like it better, over/under the low/high of the red candle we had before the last big red one.
NYSE:HD
by ThomasHagg