JimMakos

JimMakos

Strong support at $13K for $BTCUSD provides a setup for a 2:1 Risk/Reward trade with favorable odds.

JimMakos

Bitcoin is pulling back. Great timing to enter the rally. Question is WHERE exactly? Here are some potential entry points . In no particular order: $1,900: Confirmed support/resistance level (once). $2,200: Mildly confirmed resistance level and 38.2% Fibonacci Retracement level. $1,700: Pinpointed sup/res confirmation and 61.8% Fib level. The strongest...

JimMakos

Target is for taking 50% off, keeping the rest for more uptrend.

JimMakos

Doji, RSI below 30, support level.

JimMakos

Stop loss set at 15min chart.

JimMakos

Wait for a retracement to the channel's bottom or a breakout to go long.

JimMakos

Amaya shares $AYA soared 18% as Pokerstars return to US, but selling power still looks strong. Note the red candlestick on Thursday despite the gap up and the spike in Volume beneath it. If you are looking for reversals, on the other hand, MACD divergence may indicate a likely downtrend's reversal. What do you think?

JimMakos

Short AUDUSD on sup/res level and possible MACD divergence.

JimMakos

If it does, there's potential for 5:1 reward-to-risk. Move stop loss 25 pips up for every 25 gained.

JimMakos

Will the price bounce? Move the stop loss 50 pips up for every 50 pips gained.

JimMakos

Although the support level is shown on the weekly chart, also notice the MACD divergence on the daily chart. Using a soft stop loss of $0.50 and a hard one of $1, I'm looking to make $2.50 per share for a 5:1 reward-to-risk ratio. Not being greedy, the profit target is even lower than $20, although climbing above that isn't unlikely, should the reversal occurs.

JimMakos

Long $8.00, stop loss one dollar and profit target at $13.00. For every dollar the stock gains, move the stop loss up one dollar.

JimMakos

If it does, that looks like a 5:1 reward-to-risk trade!

JimMakos

Using the entry candlestick's high for stop loss, shooting for a 5:1 reward-to-risk ratio.

JimMakos

Betting on the trendline's bounce. Will move stop loss one step below for every reward/risk point gained.

JimMakos

Although the pair is trading below 300-MA and MACD is bearish, I cannot ignore the bounce on the well-defined support/resistance level. Going for a high-reward/low-risk trade, which can be improved, if you pick the resistance at 1.5050.

JimMakos

Should we buy now or wait for the breakout?

JimMakos

A long-shot trade that needs another downward breakout to succeed. Yet, if the trend has enough fuel, we can move stop loss further below as long as the downfall moves forward. I'm moving SL to breakeven point when pair hits the 1:1 reward-risk ratio and will adjust accordingly.