Stop violated before entry so adjusting trade positioning
If stop loss violated before entry/ break above last bullish candle then trade invalidated...
Full disclosure I own this stock and been a long term investor for years, as per previous posts
Noticed there may be a short term breakout unfolding now with a target that coincides with a 2013 gap close level
Not going to buy it personally as I have 3 lots in this already but thought I would point it out
This may offer close to a 4:1 R:R ratio
QBE weekly divergence
Its important to maintain some level of impartiality when looking at charts... i.e. what's happening right now
I've held this as a long term position play but it looks like there are some crack appearing which may signal a few months of consolidation
Typically divergence leads to the price coming back to at least the 50ma area
While I'm...
On QBE we have two situations. After the breakout with force the resistance line by a big green candle with a large green volume it's mean that we will have a big probability to have an uptrend.But, in other hand we will have a downtrend if only if we have the breakout with force the vwap indicator and the support line by a big red candle with a large red volume.Thanks!
As you see on the chart we will have a big probability of an uptrend after the breakout with force the resistance line by a big green candle with a large green volume so at the next green candle we can buy. In other hand, we could have also a big probability of a downtrend if we have the breakout with force the support line and the vwap indicator by a big red...
Planning to scale in now into my long term position trade on QBE
1 year corrective pattern is now complete and earning release is on the 11th August which could be a catalyst
My first buy was around $8.00, so looking to add to a winner with a complex elliot wave pattern now complete
I'm not an elliott guy - so go gentle ellioticians, but i think the structure is...
Monthly QBE breakout and retest
Has long term false break to downside which ran into demand level
On the lower timeframe it is setting up an interesting pattern that is not very common
Will explain on LTF chart
In the 3 months since, Australia's QBE Insurance higher by 25% to A$12.58 . First gap closed. In the ultra short term, may see retracement before making another attempt to advance.
Original idea attached.
QBE displaying a nicely defined downward trend channel. Usually actively traded stonks of large outstanding issue display these characteristics which is the case with QBE.
A have entry orders placed at $9.65, which will indicate a breakout from the descending channel with stop loss orders at $9.00. If the breakout does not eventuate we might see a continuation of...
-Breakout of Symmetrical Triangle
-50 EMA crossing above 200 EMA
-MACD indicating reversal to the upside.
Medium term price target $14~
Not Financial Advice, just a dude that likes drawing lines :P
- Market: Australia (ASX)
- Post-Market Price: A$10.04
- Time Frame: Medium Term
- QBE is a general insurance and reinsurance company. Across their operations, it offers commercial, personal and specialty products and risk management solutions to it's customers.
- The group is listed on the Australian Securities Exchange (ASX) and headquartered in Sydney,...
The ANty signal- from StreetSmarts '
Also technically;
1. A double top;
2. a double drive up corrective termination
3. The Anty shows a mdified Stochastic function with oversold fast line, and slow line sloping downwards taking advantage of some wave swing up & down...
4. holding time 2-4 days only for swing trade down...
Note : This is combined with a long hedge position on RMD Buy similar position size as holding overnight;
See next notes on RMD 'turtle soup plus one" strategy
see 'Short WPL 'trade for actual strategy description posted today
