Myles-Slepian

Myles-Slepian

Daily Supply and Demand Zones to watch for as NOC moves lower. Looking for MACD Divergence upon trend break as trigger to get long with Supply Zone as target.

Myles-Slepian

I believe Bitcoin is about to take quite a dip. A double top has formed and price is now fighting it's way back up into strong supply zones which will ultimately force it lower. The 50sma is nearing the 200sma, which will soon form a Death-cross. Unfortunately there is no real demand below and I believe price will fall to around 6000.

Myles-Slepian

A nice "drop - base - drop" has established a clear supply zone here on the 2 hour chart. I believe price will enter the zone and then immediately move lower as the sellers regain control.

Myles-Slepian

Apple's correction is weighing heavily on the drop in the indices this week. A few demand zones on the 1hr chart have already been chopped up by the momentum of this move, but let's see what happens if price enters this nice strong demand zone around $162.20.

Myles-Slepian

Nice fresh demand zone here on the 60min chart. Cautious about AVGO being in a strong down trend on higher time frames though. This move offers about a 7:1 reward to risk so I'm still interested with a slightly smaller position size. Confidence in the semi-conductor industry thanks to the blockchain boom, regardless of whether this zone holds or not. Let's see...

Myles-Slepian

Awesome opportunity to go long here if DKS pulls back to the LTF Demand Zone. Yellow line indicates where price fell from after poor Q3 '17 earnings (no real supply here). If price breaks the line, I believe it will continue right on up to the LTF Supply Zone, making for another great opportunity to join this strong up- trend.

Myles-Slepian

Explosive move away from this price back in mid Feb 2017, expecting Duke to rally up and out of this level quickly.

Myles-Slepian

Testing my zone-ing accuracy

Myles-Slepian

I believe their may have been some institutional buying of Litecoin between $240 - $255. The zone is no longer fresh but has only been tested once, with price rapidly leaving the zone. I'm a buyer at $255.

Myles-Slepian

Demand zone identified here on GE. I used the 5min chart to zero in my proximal and distal lines. The zone has already been eaten into once but I'm confident that there are plenty more orders down here waiting to be filled, given the speed at which price has left this zone. I'm a buyer at $17.51.

Myles-Slepian

This decision began with a look at the broader market on the Daily time frame. SPX was clearly up (retail levels) so I knew to begin looking for a selling opportunity. I then browsed through the sectors, noting that Telecoms were the largest % gainers (in line with the SPX direction). I looked up and left to find where price began it's last powerful descent, then...

Myles-Slepian

Still experimenting with Online Trading Academy's Supply and Demand strategy. I realize this doesn't exactly qualify as a fresh level but there were undoubtedly a HUGE amount of institutional buy orders placed around $45.10. Let's see if there are still some waiting to be filled down there as BPL approaches the level over the next few days.

Myles-Slepian

Experimenting with Sam Seiden's, Supply and Demand zones. If I've correctly identified what Sam refers to as "Fresh Demand", we should see buy orders filled down here, driving price higher.

Myles-Slepian Updated 

I was too early on my first go at PG bouncing off of this strong support level. I should have taken note of the bear strength that drove price downward and anticipated some sort of pull back and retest. The bear pressure has since rounded out and we've got a nice swing-low, deep in the support area. The swing-low candle itself was a hammer, followed by a decently...

Myles-Slepian Updated 

Took this one in my IRA with Vanguard today. Price has been mingling with the 50 Day EMA but looking to catch this cross-over early on the re-test of support.

Myles-Slepian

Decided to get in due to what looks like a confirmed bounce off of support. Also, today's bull candle closed just above the 20 Day EMA. I back tested NFLX bull candles closing above the 20 Day EMA and the odds are in my favor here.

Myles-Slepian Updated 

Looking for a long Wave 3 to continue higher from here. There was some nice sideways action over the last few moths. Earnings came out on October 17th, sending price right through the old resistance, and initiating what I believe was leg 1 of another 5 wave move.

Myles-Slepian Updated 

After my six trade experiment with using purely S/R and reversal patterns as my strategy, I ended up 2 for 6, breaking even profit wise. I will continue to try and identify opportunities at strong support levels, but I'll be attempting to hone in on my targets and exits using Fib retracement lines. I will also begin incorporating the 20 and 50 day EMA's to...