For a change, yesterday’s session was in the hands of buyers. We first found some sellers at the resistance zone of 11 956 and they pushed the Dax some 50 points lower before buyers stepped in. Dax is opening with an ascending gap today.
Resistance: 12 139
Support: 11 946
Statistics for today
Detailed statistics in the Statistical Application...
KNC/BTC looks to be setting up for an explosion. Not a bad idea to long here with s/l below the bottom blue line. Moon target seems probable.
Target 1: 0.00008250
Target 2 (moon target): 0.00013100
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
This is a log chart.
I will be running a series of tests that will enable me to determine the probability of success of specific strategies. I will even test strategies that I feel may not work. My goal is to test various patterns that many think are profitable. I will then apply the results to my own trading.
FB looking bullish here entered long position on bounce off 164.14 support. Targets 1 2 and 3 highlighted in green. Need to see how price reacts at 171 level. Break of that level for continued bullishness and 188 target. If rejected at 171 level may see retest of 152 level.
Bearish scenerio although is double rejection at 171.40 area. High probability of gap...
Over the last 5 years, there have been 9 independent observations where the S&P 500 Stocks at 10-Day Highs Minus Lows crossed below the level of 300.
After 5 days, the S&P 500 returned an average of 0.97%, with the return being positive in 89% of the observations.
Tuesday 22nd >> Tuesday 29th
After moving sideways for the past couple days, finally momentum has increased and a potential breakout back to 1.33 levels are probable. Otherwise a heavy rejection from the Orange range will continue to pull us further downwards following the Red Arrow to the lower 1.32350 support.
Given the recent drop in bitcoin price many would be skeptical to buy. However that's not what traders should be doing in my opinion and here is my reasoning why: Bitcoin had reached this price level before mainstream investors heard about the explosive rise on it's price, this means people who actually knew about bitcoin fundamentals were getting on board with...
The price is in the balance with the range 604-660.
As long as the price is in the balance, we trade only from it borders. Otherwise, the stop loss will be your friend.
If this balance goes up, with a high probability the price will breakout 700. First target - 710.8.
If this balance goes down the price will fall to the support levels 575. This level...
DASHUSD POST ANALYSIS
I had posted a trade idea on DASHUSD on August 27th stating that I believed there was a good potential long opportunity approaching in the market. If you look at the daily time frame on DASHUSD you can see that there was a very strong push by the buyers on August 27th and that had immediately caught my attention. Remember that the #1 sign...
Looking at WTI on Monday to see if we get that double rejection of the EMA.
If it prints a few positive candles over the EMA, I would expect the balance of probability to take us to the 50% fib at 70.78 at a minimum.
BTCUSD POTENTIAL LONG
* price is sitting at a recent significant structure level
*buyer seems to be showing slight interest already at this level
*Price shows large green(buyer) candle to the upside at this level of structure
*Price ended with a higher high higher close on 4H candle WITH momentum
*Price had LARGE buyer push to...