Took a long trade this morning as my second trade in the strategy.
BTCUSD buy oportunity area has been specified
Some tokens on Huobi are very spiky. Predicting these spikes is incredibly hard, and something I'm working on long-term. But for now, I found an interesting pattern by eye on the GSC 3-day chart. Oversold conditions (you can't really call it a signal) stop just before the big spikes. In other words, the last 3 times out of 3, buying when the 3-day oversold...
A lot has changed since yesterday! We've managed to break through a few areas of historical resistance. The last (obvious) level of resistance to break is 9.6k. If we can break through that our next target should be around 10k. That being said, I'm willing to bet that there are quite a few long-term trapped traders (going long) at the 9.8k - 9.9k levels. If they...
I primarily use TDAmeritrade's thinkorswim platform to trade and I am starting to notice that their intraday data integrity is far better than Tradingview. I use thinkorswim to generate my morning alerts for "spikes" and the bars in the platform are very different from TV. Regardless, the number of alerts this morning gives me a hint that the market is getting a...
TVC:SPX What's happening on the May 1, 2020? Checking the United States Economic calendar. This is what I found that could be the cause of the increase volatility on that day: 1) Core Price PCE Index: Forecast is 1.7%, Previous was 1.8%...May drop further than anticipated. 2) Employment Cost Index: Forecast is 0.7%, Previous was 0.7%..."The Employment...
NASDAQ:ANY RED OR GREEN? Spike is not finished.
Alerts went off this morning on the CAD pairs (USDCAD, EURCAD, CADCHF) with some intraday price action. Price spiked up on these pairs (down in the CAD) for the first part of the US session only to slam back to below the session opens. I'm going to play this as a confirmation of the countertrend pullback within a full reversal of the CAD's recent run-up. I want...
"Delta plunges after Warren Buffett's Berkshire Hathaway slashes its stake" is the morning's headline following the announcement. As investments I don't know why anyone would want to own airlines. They are too exposed to all kinds of risk... world economic factors, energy, terrorism, and now plagues. But to trade airlines... the contrarian in me combined with a...
isI shorted this repeated pattern on the spike that forms along the uptrend channel. The Bonus of this setup is that my MT4 connecting to the live data detected an ABCD pattern, the black eclipsed on this diagram is amendments to this demo data that this movement didn't occur on my live data. I will watch closely how the price reacts at the bottom trendline of...
Got a spike alert at the top of the 1pm hour on FOREXCOM:USDCAD . CAD has been a big player in the market's volatility due to the price of oil. Using this alert and setup as a trigger to test for a top.
I like seeing bitcoin going up but I only see a good year coming if we get a steady pattern what scares me is another bubble building up of the price spikes too fast which doesn't matter too much to me but the average BTC user will suffer from that STEADY growth is the key this year for bitcoin to succeed
Gold has again failed to pierce solid resistance around 1480. Today's partisan Trump impeachment vote by the majority House Democrats sparked a spike in the gold price, but it soon fizzled at resistance points. A fall to the short-term channel bottom is possible or a test of lower support levels. A positive MACD on the daily chart gives hope for the long awaited...
Coded up a highlight for a simple plan to look for price spikes where the candle closes to hold the median line. Stop loss above the spike; targeting a 2 to 1 or 3 to 1.
Previous view: Odds of a bull continuation are high, last trading week could be summarized by a consolidation between levels 7600.00 and 7425.00, eventually announcing a strong volatility next week. Actual outcome: Prices broke the @7600.00 target and bulls keep pushing. Actual view: Prices are still subjected to a bull pressure. Odds of a bull trend...
As previously mentioned EUR/AUD has overextended into the yearly highs price region, even though we should be expecting a retracement price can be easily manipulated around this region especially ahead of a lot of fundamentals data from ECB and AUD policy details out this week that could easily be a key driver in market activity. Awaiting for a potential 3rd drive...