DAX after the breakout upward now backed to the range. Price achieve bottom edge of range and at this level buyers became active leaving a trail of bullish pinbar. It looks like long orders stop loss hunting preceding upward price movement. We are opening small long with Risk Reward Ratio 1:1 with stop below last pinbar and target near last high. Near 13020-13030...
Tesla:TSLA This short is not having a good day. No gap down, only a double bottom. Still think the pattern is poor so am sticking with a stop at 321 for 1 point loss if wrong.
Netflix: NFLX - looks like I was 2 points out on the short set-up so it was never struck. But today's gap down confirms bears have entered the market now - and if it cannot be bridged today it spells trouble ahead...stop chilling now. OK?
Alphabet: no reason to exit longs but suggest raising stop to 919. All trends remain positive but short term trend will reverse if Alphabet trades below 919 and trigger a near-term shorting opportunity back to 901. Nasdaq and S and P would also become near-term shorts if we see any such price action this coming week.
S and P should gap up and break out on Monday morning due to European euphoria because for once the favourite won. With one bound the S and P will be free and go on a run. If not already long, get long in Tokyo asap or even in London on IG index from about 5 to 6 pm Eastern tonight.
USDJPY: USD pushing up against resistance here and a perfect shorting opportunity with a stop close by at 113.02 with a downside target at 101 in two more waves of selling over the Spring
Gold has had a bad day and is now testing bull patience to the very limits. It has to regain 1240 quickly now. If it can't manage it and hold up there the technical picture will deteriorate rapidly, and once below 1234 trigger further liduidation of long positions back to 1201, where it becomes a short buy again. Contrarians will be thinking about buying here with...
Adobe (ADBE) exploded upwards on Friday, March 16th after reporting their earnings. At the same time, a huge reversal bar formed on the daily chart with the close at $126.94. The following trading day’s bar closed just below the low confirming a possible reversal of a pretty massive uptrend the stock has been under over the last months. Not to mention, Adobe and...
Honestly, I didn't even know Sirius XM was a publicly traded company until 6 months ago. Mainly because it's under $5, and I generally tend to avoid such stocks after getting burned in the penny stock world so many years ago. But SIRI is an interesting ticker, and one we recently acquired quite a sum of shares in for the long run, and by long run, I mean...
Market totally Exhausted. big chance of a pullback here. I closed my long today, i been longing ETH for the last 3 months during the 2017 reversal. i think we will see our first major pullback here to allow some fresh money & take out some fomo longs. Open - 2430 target one - 2050 target two - 1850 Stop - 2700 As always with all altcoin trading we...
With strong results in the UK and the US the pound has continued to fall against the dollar as people are more concerned over the Brexit rather than Trump, I believe we are coming out of a downward trend and we will see the GBP break resistance and continue up to either the 0.5 fib or 61.8 fib from the trend at the beginning of the month. I believe 1.243 is a good...
As we see EURUSD is in bearish state and now the price is trying to break resistance line. In my opinion if it will fail to do that, it should continue to go down, so I put sell stop on 1.05838 and if price reaches this level, my order will become active until it reaches 1.05332 tp. So overall 50.6 pips of profit and 2.13 Risk reward ratio.
Gold may have bottomed, this is a plan for the beginning of 2017.
There is a BULLISH BAT on USDJPY H1 timeframe with D leg completion at 111.740. Entry: 111.760 Stop: 111.250 Target 1: 112.880 Target 2: 113.600 This is how I trade a bat pattern. 1) Identify pattern completion point, D. 2) Place an entry order just above completion point. 3) Place stop loss around 10-15 pips below X. 4) Place profit target just below the 61.8%...
Hi Trader, There is a bearish cypher pattern setting up on Euro with D leg completion at 1.06960. The spike during Asia today nearly made it to the completion point, but not quite, and we're still waiting for the trade. See below for the entry and exit prices. Entry: 1.06940 Stop: 1.07550 Target 1: 1.06330 Target 2: 1.05900 Hope this helps! Good trading, Luke
The name of the game in trading is knowing when to cut your losses short. Goldman Sachs upgraded MSFT in premarket trading today, which caused a gap up in the opening price. We're in the red about $105 from an originally $252 max credit trade. We're going to wait for market close before cutting our losses on the position. If the close looks to be as if it's...