SPY has developed an H pattern that could be a good play either long or short. Good entry location at current price with a stop loss at 331. If $331 is lost, we should head pretty quickly to $320. On the long side, I would like to see an engulfing candle that will bring us pretty quickly back to $346. I am anticipating a short squeeze. Either shorts took a small...
so first trade I was stopped out after a run up of about 100 pts. Ended break even, so lost out on potential profits, but that's how it goes if you want to catch as big of runs as you can. 100 pts is nothing compared to catching a trend of 200, 300 or even more points. A revision of my previous indicators: I stated them wrong before. Red dots = 1.5 ATR white...
Over over over over bought who can stop it Plz come down you relay damp shit
Well a reveersal to take out Traders on Top still possible but the Low (red box) would be my bearish target.
Looking for Break to the Top with a Reversal to the lower levels in order to take out Breakeven Stops. Also there is some Imbalance below the Open that needs a fill.
Lokkkng for a New Low. Breakout to the High Breakeven Stops and Breaish in the messured Move. Still could be a Downside Breakout with revsere to the yesterday breakeven Stop lebels
The Chart explains what's my idea is. Still the exact opposite could happen. but I won't do A or B this time Got Updated as I posted it to the wrong Language
Pretty much self explanatory. The opposite of all of this could happens as some previous highs haven been hit and we could a down trend 2-3 days.
XAUUSD IS BEARISH OANDA:XAUUSD
I was about to buy, but I forced myself not to buy. I took a hard look at the market and I asked mySelf ‘is it safe to buy a long position at the current high?’ Because buying dips is my plan. Relative to my perspective we are at a high. It might go higher, I accept that. But for the current period this is my high. I have BSV from long ago, but I’m looking to buy...
That is how we see it, pretty simple. One can use ATR stop for stops (pretty accurate tool), which is based on average true range (the input can be changed). The broken demand line is more important than descending one (trendline value is measure by the number of consequent highs or lows above the extremums). I saw some of you draw a descending triangle but by TD...
With all the added pressure on the currency market due to corona virus, Bitcoin is set to sail. I predict that most economies are going to tank a lot further yet also. It is not wise to buy yet, wait for all the "dumb money" to buy, get wiped out by market makers, then buy. See how easy it is to see stop losses, do you not think that big institutions can't see...
This would be the 5th trading halt we've seen over the last two weeks. WE MUST BE CAREFUL
13/Feb/2020 09:03 AM AUTHOR: Brandon Gum -- If it can stay about 51.25 we could see 53 -- Expect outperformance in high beta E&Ps during this period if it does. Started to see order flow into those names starting Tuesday of this week. ======================
Spot shares 5.26, stop at 4.31. Far stop, immense upside at a 31.33 R/R. Playing three price gaps, highest targeted at 32.44.
AUD/USD is at a monthly demand zone, there are numerous traps enticing retail traders to short. E.g. bouncing off the weekly trend line, and a so called area of resistance on the daily. COT data also shows banks are becoming slightly bullish and reducing short positions. A-la-la-la-le-LONG, ah-long-long-le-long-long-LONG! Don't short basically. Ps. Trade...
No point letting this trade turn into a looser now. Two lower highs created, so some structure to help create a logical place to move the stop too. Stop will be now at 1.46825. Worry free trade now, let the market go where it wants on this pair now. Updates to follow.