EliteTrader101

EliteTrader101

I was biased long all day because of the daily Morning star pattern, but I got stopped out with a sharp reversal. Now that I'm stopped out I know that it ready to explode to new highs! Longs were in maximum pain earlier today. You can see on the weekly that it's been accepting higher levels of balance before breaking out each time.

EliteTrader101

After dropping for 3 days its time to start looking for a reversal and we just had some breakout buyers coming in only to be stopped out on the lows. This is also a Head and Shoulder so i'm placing buy orders at the right shoulder with a tight stop. 171.30 area is another level to look for an entry. Take 1/2 off on the breakout of yesterday's high, then re...

EliteTrader101

After buying on the open and taking profits on the double top, I'm going to wait for a deeper pull back tomorrow to the level where this rally began. Lots of volume on the last 5min bar and we'll see if the green high volume bar holds.

EliteTrader101

Hate to say this but the spy has to go higher until there are no more buyers!

EliteTrader101

Price has been accepting high levels of balance since it bottomed out and is just breaking out to the next level at 420. There is a void to the left = no resistance so it should rocket up pretty quickly.

EliteTrader101

Ucad's trend line has been well respected and will be looking for pins and high volume in the sell zone. Also a Head and shoulder top. Using Inter market analysis Crude is continuing its up trend so that should give the Loonie a lift.

EliteTrader101

Quick rejection of the green level means it's going higher! I don't know much about Bitcoin, but i thought it would be interesting to analyse it.

EliteTrader101

Everyone is bullish because of the hammer on the daily chart, if so then why was the next day a down bar? They were selling at the top after squeezing the shorts and now prices will drop because all the sellers are stopped out or they went long at the top. The EU etf FXE was a "Bullish Engulfing Pattern" on high volume on the daily so most traders were bullish,...

EliteTrader101

Very high probably short setting up for a 75 pip run. Confluence of 2 trend lines off the daily chart and a pull back to the right shoulder at the 20 level is as good as it gets for me..

EliteTrader101

Lots of Buyers stops building up so a very juicy opportunity to grab all those stops and buy at lower prices! I'll be waiting there with my order to buy low and sell high!

EliteTrader101

Here's a low risk long trade with a tight stop and a big reward.

EliteTrader101

I marked up levels where i'll be looking for price action next week to go short, then finally long at the bottom between the two 50 levels where prices will be defended by both shorts at the top and longs at the bottom.

EliteTrader101

I'll be shorting into the level below to go long, then see what happens at the top level to short. Simple plan with well defined levels to trade against.

EliteTrader101

I see a top setting up as a potential H&S top based on the trend lines, levels, seasonality and inter market analysis. I'm going to go long into the sell area at the top of the channel, then look to short it back down to the trend channel, then go long into the right shoulder for a short on Massive size for the break below.

EliteTrader101

Buy the pullbacks until it reaches the sell zone

EliteTrader101

I'm going to time the top of crude with the top in the Canadian $. It is very clear where the Canadian $ will retrace to so i'll use that level for reference then look for clues of a top in crude. I'm guessing 105 area as its a nice round number.

EliteTrader101

Here's a possible prediction based on levels, liquidity and seasonal timing. I want to see some breakout buyers come in, then prices falling quickly to take their stops with huge volume spikes on Pin bars in the buy zone.

EliteTrader101

Here's a well defined trading zone between 2 balance areas. I'm going to look for a tiny pull back to go long next week and will scale in/out at various resistance levels and adding back into longs after taking profits at lower prices. Once i reach the red line, I'll take off all the longs and look to short on any bearish pin bars intra day or traps off High of day.