Please Look At What Happened Last April/March 2017 This pair is doing same thing & will continue to be bearish until major support is hit around 126.000 - 124.000 area on daily. Continue to trade bearish or with current trend. Also, fib ret indicator tool, shows this area to be a great reversal area too. Enjoy trading and trade big picture to small picture.
Price Action is in the 0.618 (Golden Ratio) area of fib. ret indicator, after a retracment. This is a great area to buy, if you are bullish for bitcoin. Also, nice completion of a Cypher Pattern (or Harmonic) on chart too. Good luck!!
Stock: ZIXI Current Price: $4.27 Purchase price: $4.27 Num. shares: #500 Total cost: $2,135 Option Write Option: 18th May $5.00 Call Price per option: $ 0.40 (credit per share back now) Contracts: #5 x 100 (500) Total cost: $200 Max. Rick $1935 at 0.05 on 5/18/18 Max. Return: $565 at a price of $5 at expiry (not bad in 63 days) Break evens at expiry: $2.87
Time to jump on Long/Bull Train with this stock. Current $88 to around $102 (resistance) would be great run for next 3-5 weeks. You could just buy stocks or write covered calls at $100 (if available) collect premium/credit and profit as stock goes up. Do your own homework always, but I trust charts/my eyes. Like that Insider: Welsh John E III (Director) on...
Please refer to Weekly of JVA, looks like PA is in Golden Ratio area of Fib. Ret and turning up. Would jump on long train now for a few months
Symbol: BRS Current price: $12.80 Purchase price: $12.80 Num. shares: #200 Total cost: $2,560 Option: Write Option: 15th June $15.00 Call Price per option: $1.19 (credit, you get now), total $238 Contracts: #2 x 100 Total cost: $119 *Estimated returns- BRS at $12.80 on 16th mar 2018 Entry cost: $238 (net credit) Max. Risk: $2322 @ price of $0.20 Maximum...
For rest of this week, going to bullish on ES per chart. Goal: 2780. Just trading with chart, if you fight it... you will lose every time. Money Management #1.
Please refer to chart for more details, earnings scheduled for 3/23/18. When PA breaks neckline of H&S pattern, in my opinion price will go down to $17.00 - $17.50 area (which is measurement of Bottom to Top of Head area on chart). Very good example of this chart pattern. The last three daily candlesticks have already shown a downward or bearish move from $20.50...
Cypher pattern & earnings scheduled for next week.... says short/bear until $60. Trust price action & your eyes!! Happy Trading.
Fibonacci Tool on chart, PA is at Golden Ratio (which is 0.618)- would consider long at $8225. Please do own research. Good luck
Investing is not the hard part, your mind is the hard part!! Unnecessary tricks on charts can leave you account busted, higher or longer trading is better.
On 1 hr and higher charts you can tell if TREND is to fast (over 45 degrees) or to slow (less then 30 degrees) or just right to continue in major direction. These also play great Support and Resistance areas on any trends and gives you a heads up on change of trend too. I would wait to short this stock (if traded) until 50 % retracement on Fib. Ret on chart, which...
Please watch for a several on DAILY chart (like a harmai, pin bar or engulfing), then short this unit around $103. PA is now $121.50, should top out this week or next in between $121-$125, then drop. Good luck in your trading endeavors and keep trading simple (Price Action Trading) is best in long run.
Please look at yellow OVAL area on chart... it is a three period area (on chart is a 4 hour candlestick, so three candlesticks). Things to always look at on charts: 1) LOOK left (resistance) is a $62.50 or yellow square area 2) Is bearish pin bar candlestick pattern made at this $62.50 resistance area? Yes 3) Look at Bollinger Band (on chart) is price action at...
Same consolation of price action happened last week (see yellow box), then what happened? Price Action went up. Also, price action came down to Fib. Retracement of 0.786, see Green Arrow. This is a very good reversal area on any chart. Price action on daily is at a major support area and Friday's candlestick made a very nice Pin bar candlestick (or nose), if...
See cloud for future information, at a major support, per cloud indicator.
FYI: Earning is A.M. on 2/14/2018 * Price Action is about Cloud indicator & from my reading positive earnings and outlook at $44-$46. The covered call involves writing a call option contract while holding an equivalent number of shares of the underlying stock. It is also commonly referred to as a "buy-write" if the stock and options are purchased at the same...
That is so far a 25.00 change from low to high so far... or $2,500 in REAL money, if you are trading futures...be careful on days like this. Good Luck!! Trading on big news, can be either very good or very bad.