ChristopherJuliano

ChristopherJuliano

We have reached a .618 retracement level and starting to pull back to a major level of support on the weekly chart. Where she stops nobody knows... so all we can do is try to identify opportunities using our edge. Major support levels include Trendlines, Moving Averages, previous support and resistance, previous consolidation boxes. I will use the weekly 50 SMA...

ChristopherJuliano

IF YOU THINK ABOUT IT... PRICE ACTION IS DOWN ON THE DAILY CHART UNTIL WE BREAK $11,816. RIGHT NOW WE ARE IN A PRICE CHANNEL BETWEEN THE HIGH AND LOW OF PRICE ACTION. I HAVE SYNCED THE WEEKLY HORIZONTAL LINES, TRENDLINE, AND 50 SMA WITH 15 EMA TO THE DAILY CHART. YOU CAN CLEARLY SEE THE MAJOR SUPPORT LEVELS. I ALSO USED THE CM_WILLIAMS_VIX_FIX WHICH IS A COOL...

ChristopherJuliano

SEE NOTES ON CHART

ChristopherJuliano

SEE NOTES ON CHART

ChristopherJuliano

HERE IS A CLOSER LOOK AT OUR ENTRY THAT HAS BEEN HIT AND THE NEWLY ADJUSTED STOP LOSS. ITS ALL RISK MANAGEMENT FROM NOW ON.

ChristopherJuliano

NYSE:LOW

ChristopherJuliano

THE ENTRY AND STOP HAS BEEN ADJUSTED. NICE RECTANGULAR CONSOLIDATION BOX ON THE 240 CHART. TRENDLINE BREAK TO THE UPSIDE AND WEEKLY 15 EMA HOLDING. TAKING THE BOUNCE OFF OF THIS SUPPORT.

ChristopherJuliano

IN THE PREVIOUS SITUATION PRICE WENT THROUGH OUR STOP. SO NOW WE TAKE THE BOUNCE OFF THE SUPPORT LEVEL ON THE 240 CHART.

ChristopherJuliano

WE JUST JIT THE GAP FILL ON THE 240 CHAR... LETS SEE IF WE GET AN EXTENSION AND CONTINUATION. I WOULD NOW TAKE THE TARGET 1 AT PREVIOUS HIGH.

ChristopherJuliano

TAKE A LOOK AT THE NEW TRENDLINE THAT I DREW ON THE 240 CHART. YOU CAN SEE THE GAP FILL AND TRENDLINE ARE PRETTY CLOSE. AND ITS ALSO A .618 FIB RETRACEMENT. GREEN LINE IS THE ENTRY AND RED LINE IS STOP LOSS. PINK LINE IS T1.

ChristopherJuliano

ES Mini Long Entry on the Gap fill 4 hour chart

ChristopherJuliano

Place your stop loss under the daily candle that makes the breakout of the consolidation box. The Targets are placed at the Weekly Highs, the entry is placed 1 tick above the Daily consolidation box.

ChristopherJuliano

COINBASE:BTCUSD

ChristopherJuliano Updated 

TTWO

ChristopherJuliano

This is after the trade took place but I just wanted to show everyone a clear example of a rectangular consolidation pattern breakout. We first find the consolidation pattern on the weekly chart. Then we take the trade on the Daily Chart as it is breaking out of consolidation box. Place your STOP LOSS at the bottom of the candle that gets you into the trade. ...

ChristopherJuliano

Target one hit on the gold trade. Found the weekly trend with weekly MACD showing downward momentum. Took the trade on the Daily chart for the entry and stop loss placement. Managed the risk on the daily chart and took the Target 1 and Target 2 on the Weekly chart. I find that this gives the best Risk to Reward ratio when done this way. Also take a look at the...

ChristopherJuliano

Target 1 is in sight!

ChristopherJuliano

Broke the Daily trend line, price is below the Daily 50 SMA, below the 20 SMA, and holding at the Weekly 15 EMA. Daily MACD is down, Weekly MACD is down but flat (my only red flag) and taking this entry short will minimize risk. We can not predict the future but we can identify opportunities in the market using our edge. That's all we can do. It's not our job...