I've taken two positions on FOREXCOM:AUDNZD this week. First a bearish 60m breakout that I captured a little bit of profit but the remainder stopped out. That stop out revealed some fascinating price action at a potential Daily Support level. I really like studying price action such as this and put my thoughts into a video to share!
I was able to catch a short term bearish breakout on FOREXCOM:AUDNZD this week. I closed half at a target and then the remainder stopped out. Following this I noticed a very sharp reversal. My scanner alerted me to a spike on the Daily timeframe. Sure enough the spike is happening right at the 50% retracement of the whole year! This is a low risk, long term...
Eth is launching up and still has a lot of room to go comparing current daily, weekly, monthly charts to previous timeframes at these levels. Eth 5.0 will be launching December. Curious to see if this will keep ETH over the 500$ price for good now. In the meantime, Pips off Dips 📈🚀
Description: An analysis for the week ahead. Points of Interest: $3,580 Balance-Area Boundary, $3,506.25 Excess Low. Technical: After an initiative upside drive on news that another COVID-19 coronavirus vaccine developed by Moderna Inc (NASDAQ: MRNA) was 94.5% effective, U.S. index futures pared gains as participants struggled to maintain higher prices,...
The beauty of studying price action is that a trader can apply their skills to ANY instrument, timeframe, and market. Just as the 50% retracement works in cryptocurrency it of course works in stocks. This happens to be a trade that I was able to catch. It took more than a day to trigger when NYSE:LLY pulled back to the 50% retracement for a 4th time. A very...
Description: An analysis for the week ahead. Points of Interest: Four-Day Balance, $3,580 Spike Base, $3,506.25 Excess Low, Friday’s Late Rally Away From Value. Technical: Broad-market equity indices ended the week mixed with S&P 500 closing at a new all-time high. During Last Week’s Action: Alongside the unwind of election hedges and news that a...
This afternoon after 1pm in the "zombie hour" there was actually a great trade on AMEX:SPY . I missed it because I was at the gym when the signal came in but I wanted to make a video about it for my own posterity as to what makes a "GOOD TRADE!" What made it a good trade is that the reversal signal occurred right at the 50% retracement of this week's big price...
Thats right, we are in a range. I called the range entry and now I am saying we are heading back down to 3300 details on the chart. :)
I am waiting for a breakout above the spike for a large move upward.
I would like to see it break the spike level for a strong move up.
NASDAQ:AKAM and NYSE:THO I took three weeks ago. I have checked my signals in thinkorswim every morning diligently at 10:00am. That's my job. I have not found a single trade that fit my rules to take bullish since September 17th! My two that I took on that date were NASDAQ:AKAM and NYSE:THO . AKAM and THO both pulled a 3:1 on 75% of my positions, AKAM's...
Negotiated with the good folks at Tradingview to allow me all the alerts I need as part of my subscription package that I can now use the platform as a signal service to cover all the markets I want with my custom built indicator and system. I MISSED this alert on the first night I put this into place because I went to bed but it validates all my hard work in...
$GRWG is showing a fantastic flag that is staying very bull weighted. It's likely that buyers will want to continue this rally up from here. I would love to see a fake-break low to dip in to entry zones for buyers to push back up to highs.
Setup an order this morning to buy SRPT at 127.71 and was not sure if it would fill. Market sold off today as the SPY continues to fight that critical level this week.
Today's trade is a long off support on DVN. Looking to take it back up to the prior range at 10.65.
Taking a long on BITFINEX:ETHUSD on the 1h to start the weekend after a big morning volatility bar.
Starting off the week and my publishing of live equities trades with a long position on NYSE:DHI . Looking for it to hold this spike created in the early morning back up to a retest of the recent high range.