MattArmstrong

MattArmstrong Updated 

Just listening to the candles on this one, price is struggling to make new highs, now several daily candles are confirming weakness, this is still insane QE, the wheels should fall off at some point.. see the setup take the setup. it's how this game works, If you reflect to my OIL/WTI short last week 2 x trades posted here: 1st attempt - Loss -1% 2nd attempt -...

MattArmstrong Updated 

I just don't see the breakout. Now, for you day traders.. this is a 6Hour chart, longer than most of you have been trading.. hahaha ok ok, here it is. 2:1 1% Risk.

MattArmstrong

Start of an uptrend? legalization is rolling out across a massive market, America. Price has popped and now retraced back to the 61.8% Fib level - significant. It's a marijuana ETF, broad exposure across a huge sector. last weeks Doji. 2.5:1 RR

MattArmstrong Updated 

Oil has been beating on me a little these days. I see another setup worth my 1% risk. I have highlighted the area of resistance, double top potentially forming? I can tuck my stop above that $65 level, and get a 2:1 in before that 200EMA. I am short this level. 2:1 RR 1% Risked

MattArmstrong

I see price has had a great run up, this is the 4H chart but the daily is speaking to me. Price has confirmed by a small pullback and now showing rejection at the 50-61.8% Fib levels, price showing an engulfing pattern at those levels. Soybeans is a touchy commodity, I would think.. like all commodities right now, more upside.. but certainly room for a relaxation...

MattArmstrong Updated 

This one is a 4:1 idea here. I just don't see the upside. Price strongly dropped and with basically EVERYONE on the planet long stocks...a perfect time for a dump. I see price making a bearish Flag even on the 4 hour (a touch early to tell) Let's see where this goes! Happy Trading!

MattArmstrong Updated 

Love me some Soy. I see the short, price has rolled over, price did pop really strongly, I would not have longed, the technical picture has advanced and I see the doji on the weekly chart. The short 2:1 can be tucked in here on the retest of that support area. Let's see what we get here. Remember, break even is still a good trade. 1% risked. -Happy Trading!

MattArmstrong Updated 

This is a weekly chart with price making a "dark cloud cover" pattern, that's what it's called. Weekly chart, we have seen the 50% fib retracement already, 2:1 looks like a tight one, but good for a bounce atleast, I would assume. 1% Risk. 2:1RR

MattArmstrong Updated 

Looks like a break to me? I see the short as price has slipped below the trendline highlighted. But, It's Crypto and ANYTHING can happen.

MattArmstrong Updated 

I see the short, price has settled into a previous resistance zone. - Shooting Star on the daily chart - Price has retraced to the 50% Fib level and been rejected (my go to move), price just kissed the 61.8% and dropped. 1% Risk, 2:1 RR -Happy Trading!

MattArmstrong Updated 

I posted this long Idea based off this green trendline shown, back in February. Price reacted to that level, but more importantly are the Macro events in Turkey at the moment. I see the trade long. I have highlighted a 2:1RR with 1% Risk. This is a 12 hour chart...I am stepping back in timeframes to wash away some of the silliness in the market, it's helping.

MattArmstrong

Have been sitting on my hands with OIL / WTI these days, took 3 losses in a row, that's when I just walk away. Here we are again. I have laid out the idea in the post, but...this is a crazy time to be trading oil. Use risk management!

MattArmstrong Updated 

-I see a double top has formed -I see a bearish divergence signal on my proprietary indicator. -I see a crazy market -I see a HUGE level of $4000 _ -I see a Doji on the uptrend (significant) I used a wide stop and it's a 2:1 RR, 1% risk.

MattArmstrong Updated 

Interesting level...

MattArmstrong Updated 

I see price is struggling and I am positioned for the drop. 1% Risk, 2.5:1 RR

MattArmstrong Updated 

Ok...let's see how this one rolls out, see the trade, take the trade...all year long. Note the gravestone doji...on an uptrend is more significant over a downtrend. Sure one could cry double top on this pattern. Bear signal present on the heatmap indicator. If it does drop I think I can sneak in a 3.5:1 Risk Reward. We will see.

MattArmstrong

What a run Elon pumped, well done...looks like price is slowing, maybe a good scalp opportunity here. I would not be staying short for long;) 1% Risk 2:1RR

MattArmstrong

I have highlighted the areas of support and resistance. Rising wedge has broken, the close of this candle will be important. Use that risk management! 1-2% of your entire portfolio! 2:1 Risk Reward.