Bottom bounce play. Targeting the gap fill @ $1.35 first and $1.60 second. Stop set below support @ $0.81. Watch List @ TraderPix.com
Break of the 50 day EMA today, looking for this momentum to continue tomorrow. Entry over $1.22 with a target of $1.40. Support for stop placements @ $1.18 for the tight stop and $1.13 for the looser stop. Watch List @ TraderPix.com
Showing signs of breaking out of this month long consolidation. Possibly on it's way to test $2.00 in the upcoming week. Resistance on the way to $2.00 @ $1.48 and $1.72. Support for stop placements @ $1.28 or $1.20. Watch List @ TraderPix.com
Big move through the 50 day EMA on Friday. Watching for continuation on Monday with a target of $4.00. Some resistance @ $3.80 on the way to target. Support @ $3.08 and the 50 day EMA around $3.39. Watch List @ TraderPix.com
Looks like the bulls are regaining control and trying to make a push to the 200 day EMA. Entry over $1.40 with resistance @ $1.55 before hitting a target of $1.70. Stops could be placed below support @ $1.26 or $1.21. Watch List @ TraderPix.com
This curl off the bottom finally closed above the 20 day EMA on Friday. Could be the beginning of a run to the 50 day EMA. Targeting $4.00 with resistance on the way @ $3.11 and $3.46. Depending on your risk tolerance stops could be placed below support @ $2.73 or $2.50. Watch List @ TraderPix.com
Flag break through the 50 day EMA today. Could easily see the 200 day EMA tomorrow. Some resistance @ $0.83 and $0.89 before hitting a target of $0.95. Support for stop placements @ $0.76 or $0.74. Watch List @ TraderPix.com
Wasn't able to close above the 50 day EMA on yesterday's spike but the bulls managed to do it today. Seen this pattern ahead of big moves many times. Possible test of the 200 day EMA in the next few days. Targeting $4.64 tomorrow with resistance on the way around $4.28. Tight stop could be set below the 50 EMA around $3.66 or $3.10 for the looser stop. Watch List...
A close back above the 50 day EMA could mean the bulls are finally back in contorl. Looking for a pre-earnings spike to $0.60 with resistance on the way @ $0.50. Stops could be placed below support @ $0.41, $0.39 or $0.37 depending on your risk tolerance. Watch List @ TraderPix.com
Big move through the 50 day EMA today. If it stays above the 50 EMA tomorrow target will be $1.59. Support at the 50 EMA around $1.12, $1.00 or $0.83. Place stops according to risk:reward strategy. Watch List @ TraderPix.com
Bitcoin: BTCUSD Hate raising stops before China opens, especially after yesterday, but it could be that it gets sold off to begin with. If so look to buy from lower, having locked in profits We are long from 3 buy points today: !st was the break and hold above key resistance at 6950 (after closing out a 230 point gain as this level was hit and then losing 50...
Bitcoin Update Don't want this to turn over here now before China opens but it could do without some buying power from 7460 level to hold it up and then propel it through to a new high. Want to protect gains by raising stop to just under 7450 on at least half the position, if not all, according to risk profile. Ideally it will trade sideways between high and...
This post is for all those who are asking about the progress of the holy grail project. There are many ideas that are being poured into the project that are making it more and more effective, but this is proving to be one of the more interesting ones. The idea of an adaptive stop loss is nothing new, trailing stops are super common, and many low latency methods...
UKOIL: Crude Oil Brent Update With WTI pushing up against clear resistance and Brent's latest 350 pip spurt looking in need of consolidation am raising the stop here to just under 60 to lock in $14 of profit from the 46 entry level in late June. If Brent falls below 60 it should come back to 59.18 at least, and more likely to 58 before rallying again off the...
A good example of why I do not use hard stops. I use alerts and watch it closely as possible when the alert goes off. I usually reset a new alert lower that is a "get out no matter what level". Stop was briefly hit twice. After it reverses I set my alert back up and continue on. This my new, shorter term strategy I am developing. I will do a blog post at...
Monday & Tuesday were excellent trading days for me. Yesterday...well not so much. Today, however, is CYPHER DAY! as I'm currently involved in two bearish ones and now have the $EURUSD on my radar for a bullish opportunity. In the bottom left-hand corner I pointed out an area that you may want to consider when thinking about stop placement. And if you're a trader...
UKOIL: Brent Crude Still more downside to go but in very near term it's holding up off a parallel. Suggest lowering stops to avoid a whipsaw counter rally - if it does, look to short again from higher up until downside target achieved