Good setup on weekly bouncing offer lower uptrend line, above all EMA's, and looking to follow this curve up towards top red resistance line. In the mid-term, a 5 wave count should push this higher towards $65-$68 imo
This magical strategy works like a clock on almost any charts
Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading.
It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave.
The best timeframe for this strategy is Daily, Weekly and Monthly...
I took this trade way earlier after the cross of the red support line and as you can see it is about to hit my target profit.
Tell a friend to tell a friend I want to see everyone eating right.
Feel free to like and follow, thanks.
The ichimoku is used to confirm trend direction but price action is always my best source.
NZD/JPY has broken resistance after the 4th touch on the 4 hr timeframe so I'm looking for a buy signal as you can see there is a flag pattern that has formed after an uptrend.
I’ll also be looking out for the red line as this is the monthly resistance level so price may reject when it reaches there if so I will close the trade earlier.
Feel free to like and...
Here's another free signal for y'all
As you can see a bullish flag pattern has formed on the 4 hourly and has broken the support after the 3rd touch so we will be looking to go long.Also, the uptrend can be confirmed by the twist of the ichimoku kumo cloud which has twisted from bearish to bullish on the 4...
A slightly negative day on Wednesday which could've been a winner had I held one of my Long trades for long enough. In the video you'll find my reasoning why I left early though and statistically, this was the right decision.
Focus on the long run, not on the flashy bragging rights!
1) HAL - LONG @10.32, exited earlier as the stock didn't...
I am waiting on this trade to slowly develop, see if the pattern holds for the next couple of days... hopefully, it can be a perfect short coming earnings date (4/30)
Six Flags has been holding $14 strong since April 8th.. I am sure we have not seen the end of COVID-19, I think Six will remain closed for a long time and cause us to fall back to 12 or below!
Alright let's wrap this week up!
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.*
SPY was making up its mind most of the day but it's just the way it is and it's our job as traders to adapt. I only managed not to lose THAT much today, hope you did...
I am no professional but this is my opinion and the trade I am taking based on the chart. Trade at your own risk.
On March 16 we reached a high of around $17 which was quickly sold off, making us reach new lows on March 18th.
On March 26 we reached $17 which was rejected once again, this time we reached a higher low of $9.95 or so on April 3.
On April 7 we...
First time publishing an idea, would appreciate feedback.
Looking to short or buy puts on $SIX at around $13, take profit round $10-11. $SIX bounced at 12.25, wouldn't be surprised if it went up on April fools!
A family member asked me, if he shall buy AMS at 38$.
My first look at the chart was just a "WOW", what an incredibly massive Head and Shoulders. I told him to short the market rather than longing it.
And what I recently understood... Even though people are able to short the market, people just love to long the markets and they mostly dislike to short it... Must...
$SIX looks to have found rock solid support at the $35 level. With many gaps to close overhead, $SIX looks to be a nice play, especially now that an activist investor has gotten involved.
Activist investor H Partners Management says it has engaged with the Six Flags Entertainment board after closely monitoring the recent developments with the theme park...