MIchaelTran

MIchaelTran Updated 

just daily check.

MIchaelTran Updated 

just classic TA review with description on chart.

MIchaelTran Updated 

Range Trading strategy: define support and resistance, follow RSI direction. Notse on chart. Best Regards. MichaelTran

MIchaelTran Updated 

Price is near key support level, good time to buy silver? Well, indeed it is :) Note: keep calm, have fun and tight stops.

MIchaelTran Updated 

This chart shows price paused above 200dma, in this rare case it's holding and act as support nicely, possibly bullish for usdollar. Also rejection bullish candle on lower band is potential for an upswing.

MIchaelTran Updated 

dragon empire, buy and hold for your life time return :D Note: This is Chinese dragon partern, happen only 1 for every 100 year Chinese calendar cycle.... it's a bit rare, diverse your portfolio to 100 , and slowly buy.

MIchaelTran

Woolworths Limited (ASX: WOW) Australia’s largest supermarket Recent events affect WOW: Jobs cut (1200), lower sale, earnings downgrade and suffering due to a low Australian dollar. TA Reference: Wyckoff market cycle: static.safehaven.com This analysis bases on Wyckoff theory to identify stock phases. Reanalysed & Simplified by MichaelTran (base on what I...

MIchaelTran

This is a fantastic example of a bullish AB=CD pattern inside Bearish 5-0 structure that possessed the ideal Fibonacci Channel alignment to validate the pattern. Find more about this partern here: www.harmonictrader.com Using AB=CD parterns, traders feel more confident to counter trend with a very limited risk. About 1-2-3-4 label, there is a helpful explain...

MIchaelTran

Iran nuclear deal, Russia's huge oil/gas 30 years offer to China (of course, Chinese goverment love cheap price deal) and global trend of renewable energy/ effiecient energy and new hi-tech efficient oil rig produce more oil but less cost operation ... In long term it sounds bearish. I'm not sure how it will affect oil price market in the future to make right...

MIchaelTran

Wyckoff 2 rules source: stockcharts.com GDP below long-term average of 3%, low spending, unemployment increasing, weak currency,... Economy system need to be reformed otherwise there wont be a "markup" (typically, that's seen first in financial risk-taking - like borrowing to invest in assets such as shares or existing property rather than the expansion of new...

MIchaelTran

.Wave (D) met resistance .Short at break-out of rising wedge formation .(E) target zone. Note : this chart is for personal study diary :)

MIchaelTran

Planning A B Timing Enter and Exit Plan Notes on chart Happy Trading Michael

MIchaelTran

How to calculate Bullish Rectangle: T= R + H where: T - target price; R - resistance level (pattern's top) H - pattern's height (distance between support and resitance). Bearish Rectangle: T = S - H T - target price; S - support level (pattern's low); H - pattern's height (distance between support and resistance). Note: apply for trend continuation only.

MIchaelTran

Prosperity phase: Expansion or Boom of economy Recession phase: From prosperity to recession Depression phase: Contraction of economy Recovery phase: From depression to prosperity Stoch RSI indicator shows potential sell & buy zone

MIchaelTran

This chart is not for trading. I'm just drawing - under my testing experience with Fibo Note : I'm doing research about price cycle with some facts and this chart is a part of my collection. Happy Trading.

MIchaelTran

1D Chart 3 Elliot waves Retracement created Bullish "classic" ABCD pattern. These theories are more suitable for indices and stocks. Test buying at 61.8% retracement. - even though it did reach to 76% and fell back. Long TP: 12000 SL: 11000 Note: This chart is for study diary only. waiting for the result.

MIchaelTran

4h Chart Micro tactic Timing Enter and Exit Plan. Note : This chart is for study diary only.

MIchaelTran

1 Month Chart Candlestick -The first day of May/2015 ended with bearish red bar, Will it complete the full pip reversal of 02/02/2015 signal or not in within this month? -If it goes down, let's see how far it can go. Will it break strong support level ? Economy quick review -Aus Economy relies mainly on mining natural resource ( iron ore) ...