We have a clear long setup in Ethereum. A low volume selloff after the uptrend expired and we reached some hysterical highs. Current setups implies that if this bar doesn't reach the bearish target signaled by the box before it closes, it's possible to see price reverse from here. I labeled the range expansion bars on the daily (which looks like a perfect uptrend...
I wouldn't know about the fundamentals, but what I do know is that the Ethereum market is trading with very high volume, and that the ETHBTC chart looks really bullish. Sadly I can't publish my chart here, since Tradingview doesn't include Poloniex in the list of Bitcoin exchanges it offers. After they introduced margin trading and lending, they became hugely...
Entry on chart.. Look at rgmov, despite the advance it barely bulged, CCI went back over -100 but the zone we're in is a strong monthly and weekly range expansion resistance. The entry is pretty tight so I think it's worth a shot despite the lower odds. Good luck! Cheers, Ivan.
The Nikkei is offering a nice tight entry on the long side. Risk 1/2 position on this one, entry is market now, stop at 20462, tp at 26720. Will trail the stop on a daily basis. The quarterly chart shows a valid uptrend in place, with time left until July 2016. We are also above the biggest time spent at price level in the whole chart's history, with the next...
This is an update to my last Dax long setup. The daily chart range expansion trade got stopped, but since the time at mode setup is a weekly one, we can also attemp to go long using this entry instead. I'm long already and keeping my stops at 11314. The mode currently sits at 11401, with the current lows staying clear of this level. If we manage to stay above...
Levels on chart, estimated time for the downtrend conclusion is August 14th. I'll be monitoring the support levels below to go long. The boxes represent the earnings season range and I plotted the 50% level, as depicted in Tim West's publications. You can clearly see the reaction to it in the chart. I also added the 66, 253, 50 and 200 EMAs as well as the options...
If we don't reach this price level during this week, cancel the pending buy stop. I think it's possible to see the Dax start an uptrend in the weekly, but first I'd need to see price accelerate away from the mode in this timeframe. I had entered already using the 4h chart, but my target in that timeframe is lower (11550). Entry was 11421, SL 11244. The entry...
Analysis on chart. I'll update it once I see a clear short signal in the weekly chart. Daily remains turbulent and unclear, it's possible to see a small rally, so shorting is a bit dangerous unless using wide stops and going long is even worse. I'll analyze price action and look into selling short once we see confirmation here. Crude oil seems to have resumed the...
TSLA is an interesting stock right now. The trend is largely up and I also expect crude oil to go up soon, with GBPUSD and other correlated pairs, so this could favor a rally here. Earnings shock might wreak havoc though, so to be safe I'd wait for the shock event to go long or short. Keep close watch of the key hidden levels indicators s/r levels, and the time at...
Analysis on chart, see related idea for explanation and more details. Cheers, Ivan.
Simple trade, trends are pretty clear here I believe. EURGBP is a strong downtrend and will resume its direction this week I believe. GBPUSD is an interesting long setup, with 11 weeks at one price and sitting above the mode currently. You can market buy now, but it'll be 100% confirmed once it reaches my entry level on chart (1.57084). Targets are for both time...
A lot has happened since I published my "Gold is in a monthly downtrend chart, but nothing has changed. The downtrend is still viable, and we've recently had a very strong range expansion down bar into new lows. The targets are good for both time and price levels. I'll look to trade the retracement that will probably occur now as a short term long, to then close...
Analysis on chart, target is both time and price. Can reverse when reached. Good luck, Ivan.
In this chart I illustrate a tool that FX traders like me can use to gauge when to trade either GBJPY or USDJPY (or both) and in which direction, using the S&P500 chart, vix readings and the techniques outlined by Tim West in his charts (range expansion support, vix post shock s/r levels (level where a buying spree causes a 75% retrace in Vix, etc.). Every time...
I like to go short, I find the best trades I take are shorts, not sure why, but it's true. Here we have 3 short opportunities, which are linked by correlations. The NZDCAD ratio chart, or exotic pair if you want to call it that is offering us a nice trend continuation opportunity. I will use this as a way to hedge my exposure to a more aggressive and more of a...
I'll open a pair trade to minimize risk in my GBPUSD long setup. There's a weekly sell opportunity in the NZDUSD chart, which will give me a relatively low risk entry as per my analysis that gold isn't done falling, and that NZDUSD (and GBPNZD will resume the trend they are in). Position size is based on the ADR figures for both pairs, risking 2% and aiming for...
Analysis on chart. We can see that there is potential pending upside in this ratio, as evidenced by Rgmov's intense uptrend signal and the EW count I could obtain for this leg, which shows an impulse top, but not a complete 5 wave advance. I think this chart helps us devise the directional path for gold, nzdusd and gbpusd, as well as gbpnzd. We might have a good...
Analysis on chart, the pair shows a strong downtrend and rgmov prints lower lows while price doesn't. This is bearish. Also, price is forming modes lower, validating the downtrend. Split the entry in 3 parts risking 1/3 of your desired exposure to this trade on each. TP when target is hit, but you can cover 50-75% once the distance to the stop is reached to make...