Marius_Johnsrud

Marius_Johnsrud

people are looking frantically for lagging sectors/stocks as the broad rally is getting stretched. investing in negative equity value seems to be an emerging trend trend and this volatile little thing seems be getting a bid

Marius_Johnsrud

break down with great follow through. you never know what this one is going to do, but the setup looks nice

Marius_Johnsrud

If the market resolves to the upside, these are the type of stocks that will see the most upside imho Keeping charts with similar setups on my watchlist. Send me a message if you find some similar. Note: Its the stocks that hold their composure when markets have corrections, that will lead the next leg

Marius_Johnsrud

Symmetry can be a valuable tool

Marius_Johnsrud

Gold have been swinging lower for quite some time, but have so far failed to take out the 1200 area. There are lots of stop orders below 1200, so a real break below should trigger a larger move to the down side. If it takes out 1280 to the upside, I will look for a pullback and a final target on 1560. stop is placed under nearest structure Markets alternate...

Marius_Johnsrud

A very interesting pattern forming. seems like there is quite a bit of accumulation going on. will look for a potential break of the green resistance line and enter on the first pullback. It might be forming the foundation of a new bull market. there is a high probability of being wrong, but the potential r/r on this one is huge (in terms of an investment, not a trade)

Marius_Johnsrud

if it resolves to the upside, it should have considerable upside potential. one way to trade this could be to only trail the stop under every new swing low, and not even use a profit target. If it resolves to the downside, it could fall pretty hard but with the strength of the current bull market, shorting is statistically speaking not the best way to go.

Marius_Johnsrud

I don't trade stocks much but with this market, traditional bullish continuation trades are working well.

Marius_Johnsrud

I see two things: 1) Gold and Bitcoin have been negatively correlated lately. Could a bounce on support in gold (@1200+/-) be signalling a pullback in Bitcoin? 2) When gold took out major support, both gold and Bitcoin sold off (even though the last one wasn't much on bitcon) If gold breaks support at 1200 (with follow through), will bitcoin fall with it?...

Marius_Johnsrud

In a correction at the moment, but I would NOT recomment trying to short this monster. The longer overall trend is still bullish and new momo could kick in at any moment (even though we do have a double top forming) Pay attention when price closes into the support area of 480ish or the resistance area of 880ish. If we take out the 680 support, we should see...

Marius_Johnsrud

Keep It Simple Stupid

Marius_Johnsrud

The euro did take out the highs, but the key was that they sold it back down again, ie ran the stops. Would expect rallies to be sold into and that price ultimately tests the large bullish tails at the bottom. (If price once again takes out the highs at 355ish, we can expect a larger move to the upside + the longer time we spend in this range, the more likely...

Marius_Johnsrud

Go with the force, luke. Trade the lines of opposing force? Throw in a comment on how you would trade this beauty!

Marius_Johnsrud

Should we call the area inside the green lines aquilibrium? We saw buyers below and sellers above, so will be watching the action, once price gets near one of these "value lines"

Marius_Johnsrud

From a trend persepective, Bitcoin looks pretty nice. Will be interesting to see what happens when price goes back to balance