WHR is up 150% in the last 18 months with minor volatility. goo.gl Just the way I like it for position trading! Sorry Bitcoin... Next time someone asks me what an uptrend looks like, I'll show them Whirlpool's stock chart!
Here is the 4-hour chart of Portfolio Recovery Associates Inc. goo.gl Why I'd go long: 1. Key round number ($50). 2. Found support before (July and August). 3. Support confirmation on the 4-hour chart with bullish candlestick. 4. Volume increase. 5. Bounce off the lower band of the downward trending channel. If I bought at $52 and set a stop loss of $2 per...
How are you going to trade this breakout inside the gap? goo.gl Ariad Pharmaceuticals Inc., the cancer-drug maker that had lost about 70 percent of its value this year, will return its only product (cleared last year for certain types of leukemia) to the U.S. market after regulators approved a new prescribing and risk management plan. Sales of the drug were...
Market bets on away win! goo.gl BlackBerry today reported a large loss of $4.4 billion from continuing operations in its latest quarter. Yet, Canadian phone maker signs 5-year manufacturing deal with Apple supplier, China-based Foxconn and shares surge 12%! www.cbc.ca BlackBerry stock price piercing the downward trendline with volume spike. Are you long or short?
This is the MGM monthly stock chart. We'll talk about it again in 2 years. MGM Resorts International won a license for a new casino near the nation's capital in Maryland on Friday. www.seattlepi.com What do you think?
Sure, my recent prediction for Bitcoin wasn't confirmed, as Bitcoin price failed to climb up to the previous highs: (Still, I discussed why we should take profits in the process: plus.google.com) On the other hand, the support level I used to draw the Fibonacci retracements on that day, coincided almost exactly with the support level this week! Just press...
Either way, a breakout will be super important.
TWTR may be going for $56.60 (161.8% Fib extension) or $67.60 (261.8% Fib extension). Don't forget to set stop loss orders accordingly!
Huge volume spike at 15-min chart at the market's open today for Twitter stock. We may use the bullish candlestick as a guidance for trading the following days.
USDCHF downward trending channel paves the way. After Swiss Franc confirmed the channel's upper band, this month's candlestick may be a good entry point to go short. Plenty of room to set profit targets. For a more efficient entry point, go down to shorter timeframes, like the daily or even the 4h chart. Do you agree USDCHF will continue its decline?
Bitcoin lost 50% since all-time high at $1,250. If we are going to believe the worst is over for Bitcoin following China's news and trust the bullish candlestick pattern on the 76.4%/61.8% Fibonacci retracement, here's a long-term trade with a 2.5:1 Risk/Reward ratio. If this kind of prediction proves correct more often than 30% of the times, we make money in...
Funny how almost all volume spikes at Bitcoin daily chart have happened on bearish candlesticks. It seems like buying, buying, buying, SELLING, buying, buying, buying, SELLING...
Volume spike and full body candlestick exactly at support level = Strength!
Years from now, this Bitcoin chart will either make us laugh or cry. What do you think?
Why Bitcoin still looks like a bubble? Will Bitcoin crash and what does a Bitcoin crash actually mean? Finally, what's a fair value for Bitcoin today? Read more in my new blog post where I am discussing why I expect Bitcoin to finally print a red candlestick at the $500 area: www.tradinggraphs.com Bitcoin reached $260 during the Cyprus crisis. When that was...
Trading USD/JPY? Easy: Breakout, pullback to new support indicated by wicks. Wait for new breakout. Repeat. If we traded long Japanese Yen each time there was a breakout during this week at the hourly chart, not a single stop loss would be hit most probably. Yet, remember to disregard any breakout candlestick that doesn't have a long body. None of those can be...
The strong bullish candlestick that has just been completed at the 60min Bitcoin chart favors long positions for sure. Should we trade this breakout, the rules of the previous breakout trading apply here as well. Read my short post about the breakout when Bitcoin penetrated $400 resistance level here: plus.google.com In brief, and due to the ascending triangle...