Hello Traders, the title explains it all. I'm monitoring the pair for a break lower below outlined support. The short target on a break lower below support is also outlined at 1.4444. If the pair trades back up to outlined resistance than it offers an opportunity to sell short if you are not already in a position. Do note I have provided swap rates for every 10...
Hey Traders, I'll keep this as simple as possible (like always lol). MSFT has offered some of the best trading opportunities for the past couple years along with other stocks. After earnings MSFT tested the dot.com highs and it makes sense that it will sell off on a gap up to that area. Considering the huge psychological factor at play here it would make sense...
Good evening traders from around the world! After a false breakout above resistance at 19.4496 price has gone back in control of the bears with another wave lower after being rejected at the descending trend line resistance. Trade Idea: Wait for price to come to me down at 18.0000 support for a juicy buying opportunity (AGAIN) with two profit targets to be...
Hey Traders, I know a few of you were long this most recent wave. Congrats. Notes on chart.
Hey Traders, I've been short this pair for a few months now, and my stop has been trailed down so this is the current pattern I am monitoring. Price has consolidated in the range outlined, and now price has been rejected at the range high. It seems as if a wedge pattern has been formed. A trade idea could be to wait for a bearish break of the pattern before...
Chart is simple, after an earnings shortfall AA has done a serious gap down, and broken out of the triangle consolidation. Is the next stop for Alcoa at 23.90? Probably so! Cheers =)
Hey Traders, The descending (red) trendline is a technical resistance level I've had my eye on for quite some time. Crude was able to decisively close above it, and continue a bullish run with multiple bullish bars following the break. It seems as if there will be a pullback back to the demand support outlined by the two green lines which is also 200 EMA...
Greetings Traders, Well as some of you know SBUX is one of my favorite stocks to own, clearly you can see why from the chart. Some of the fundamental reasons for the decision to purchase again after getting stopped out on my previous purchase is as follows. Growth in EPS, increase in net income, revenue growth, good cash flow from ops and solid financial...
Yes, I'm trading / looking for trades while on vacation. =) Well the trade is simple as you'll see, you can expect gold to retrace back up to broken 1305 Support based on the daily close. Technical's: Price is in a Multi Year descending channel, consolidated and broke down at the upper band of the bearish channel. Also, this years bullish ascending trend has...
Hi All, I have this ETF on my watch list for a potential long entry at 68.53 preferably. As you can see the technical aspect of the security is rather simple which is good. Price has run in a bullish channel since the 08'/09' sell-off. This buy point is just an initial prospect for entry, as price action moves forward entry can change. I will update with...
Hi all, I have still been trading all this time. But I have been absolutely swamped with my business lately so I haven't had the chance or energy to post trades. But I just found some free time so here ya go. The Trade: I had my eye's on this ascending triangle (bullish) for some time now. Today we finally got a break and close above the 1.3113 Resistance. I...
Hello Traders, I'm taking another stab at going long SBUX at support. Keeping the stop tight since it is the third time price is at the lower band of the range it has been trading in. Why is a third touch at support of concern for me? Because in my experience, price has a higher probability of breaking support on the third touch. So I keep my stop loss orders...
Hi Traders, Many might wonder when I put on long term trades does that mean I'm still not "juicing" out shorter term trades within a larger move. The answer is most of the time I'm still trading the volatility within larger moves to create more alpha. Stops are set as alerts to sell the smaller alpha creating positions within a large position. Out of this...
Hi Traders, Well as you can see technically the stock has reached the bottom end of the ascending channel along with retracing back to the 158.08 previous broken resistance turned current support. This is a aggressive entry prior to the close today. In the chart I've provided a line drawing explaining the breakout entry. Stop is at 154.70 TP is at...
Hello traders, Well here is a pretty textbook/simple setup. I've had my eye on this for a couple days now, and the time seems right to enter. This pair has trended up to retest not weekly resistance but MULTI YEAR RESISTANCE! It has formed a tweezer top candlestick formation at resistance. Stops: placed at 1.1483 above previous volatility highs during...
Hi all, well the short is pretty simple. I've waited for BABA to make another meaningful bull run before establishing another short position. Price came up to the descending trend line and I started shorting once price came up above the VWAP shortly after the open. Stop-loss is placed slightly above the previous highs at 81.75. Overall target is 65.47 and I'll...
Good Morning all (Its 12AM in New York). Short entry entered based off of the daily candlestick patterns formed at resistance showing lack of strength left in the bull run for the short term. So for the time being it has offered a short term swing trading opportunity. A break below current support @ 1.1337 confirms the probability of a successful trade. The...