RealTradingEdge

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About me Trader, editor of thetradingedge.org, and founder of the Montreal Traders Meetup.
Joined RealTradingEdge
Markets Allocation
Top Mentioned Symbols
SPY 36% | 11 VXX 13% | 4 HBC 10% | 3 GOOS 10% | 3
RealTradingEdge RealTradingEdge PRO GOOS, D, Long ,
GOOS: Nice productive consolidation for GOOS.
19 0 2
GOOS, D Long
Nice productive consolidation for GOOS.

Nice productive consolidation for GOOS. Found some support, from the previous swing high, holding the earnings gap, and currently above 10EMA. In the next several sessions if we can consolidate by putting in either some doji's or inside bars then look to buy an upside breaks with stops below current lows. Web: http://thetradingedge.org Twitter: ...

RealTradingEdge RealTradingEdge PRO HBC, D, Short ,
HBC: HBC has its work cut out for it.
1 0 2
HBC, D Short
HBC has its work cut out for it.

HBC has its work cut out for it. Currently trading below 200 day EMA, and trending lower in a down channel. Pullbacks to resistance to be sold with the 9.90 area of support as initial target. Web: http://thetradingedge.org Twitter: @realtradingedge Youtube: https://youtube.com/c/ThetradingedgeOrg Facebook: https://www.facebook.com/thetradingedge/

HBC: HBC approaching 200 day EMA support.
19 0 4
HBC, D
HBC approaching 200 day EMA support.

HBC approaching 200 day EMA support. Even if it bounces it still has its work cut out for it as upside resistance still looms strong. Watch to see if the 200 day EMA holds. Examine the 4H chart before blindly buying the 200 day EMA. Daily Trend: DOWN Weekly Trend: UP Web: http://thetradingedge.org Twitter: @realtradingedge Youtube: ...

RealTradingEdge RealTradingEdge PRO GOOS, 240, Long ,
GOOS: GOOS setting up a decent 4H pullback LONG
24 0 3
GOOS, 240 Long
GOOS setting up a decent 4H pullback LONG

GOOS looking to be setting up a decent 4 hour pullback long to the 20 EMA. Daily Trend: UP The doji on October 6, 2017 shows weak longs selling their positions early as prices auctioned lower however prices quickly auctioned to the upside causing any early sellers to get trapped and potentially having to cover in the near future. A close above 26.47 would be ...

BNS: Scotiabank in danger of breaking 200 EMA support
16 0 1
BNS, W
Scotiabank in danger of breaking 200 EMA support

Scotiabank in danger of breaking 200 EMA support. A weekly close below 76.75 will change the weekly trend to BEARISH. Wait for the weekly close - then all subsequent pullbacks to be shorted. Next major level of support around 73.50. Web: http://thetradingedge.org Twitter: @realtradingedge Youtube: https://youtube.com/c/ThetradingedgeOrg Facebook: ...

RealTradingEdge RealTradingEdge PRO LTCUSD, 240,
LTCUSD: Congratulations if you bought the drip.
360 1 2
LTCUSD, 240
Congratulations if you bought the drip.

LTC fared better in the recent sell off and showing strong relative strength compared to other cryptos. Now testing the 4 hour Kijun line which could be a good area of resistance. If you bought the dip congratulations. My preference is to wait for price discovery and wait for a subsequent pullback for longs. Web: http://thetradingedge.org Twitter: ...

RY: Update on RY
11 0 1
RY, W
Update on RY

Update on RY. Royal Bank still consolidating productively on the weekly 50EMA. Also finding support from the 200 day EMA. Bullish StochRSI divergence remains. Scenario 1 calls for a breakout to the upside. Position small if anticipating the breakout. Scenario 2 calls for a break out support and a test of the 90 area. Web: http://thetradingedge.org Twitter: ...

RealTradingEdge RealTradingEdge PRO RY, W, Long ,
RY: RY pullback to the 50 EMA
46 0 4
RY, W Long
RY pullback to the 50 EMA

Possibly interesting area here. Monthly charts still showing an intact uptrend. RY consolidating near the 50 ema on the weekly. StochasticsRSI showing a bullish divergence. The ideal scenario to watch for is a further pullback to the 50ema, Heiken Ashi turns from red to green, then a breakthrough of the descending the trend line.

HBC: Productive consolidation on HBC.
6 0 4
HBC, M
Productive consolidation on HBC.

Productive consolidation on the monthly charts. Consolidation could last several months longer but should have a strong and extended reaction on a breakout. Don't rush to jump in trying to catch a bottom. There will be plenty of opportunity to play the breakout or a pullback on the breakout.

RealTradingEdge RealTradingEdge PRO GOOS, 240, Short ,
GOOS: Where's the bottom in Goose?
30 0 4
GOOS, 240 Short
Where's the bottom in Goose?

Where's the bottom in Goose? Daily trend currently down. 4 Hour Heiken Ashi pullback to MA's. Sell signal triggered below 21.88. Target 20.96 and 20.55.

RealTradingEdge RealTradingEdge PRO BTCUSD, 60, Long ,
BTCUSD: Long BTCUSD from 433
136 0 2
BTCUSD, 60 Long
Long BTCUSD from 433

Long BTCUSD from 433 Finally a breakout above 435. +2R on the trade. Trailed stop to par.

RealTradingEdge RealTradingEdge PRO BTCUSD, 60, Long ,
BTCUSD: Long BTCUSD - a close above the 435 range will trap the shorts
78 0 0
BTCUSD, 60 Long
Long BTCUSD - a close above the 435 range will trap the shorts

Found support at previous breakout area. If price can break above the 435 range then we had a false breakdown and we should expect some continuation to the upside trapping those who got short.

RealTradingEdge RealTradingEdge PRO SPY, W, Long ,
SPY: Media coverage is covered in bear droppings.
25 0 0
SPY, W Long
Media coverage is covered in bear droppings.

All appeared lost this past week as it early in the week it appeared as though the market were heading for a sell off after breaking out of the recent consolidation. In times like these, it's important to focus on the bigger picture and view things from a longer term perspective. The weekly chart on the SPY continues to show that we are still in the ...

VXX: Keep your eyes on the volatility of the VXX.
19 0 0
VXX, D
Keep your eyes on the volatility of the VXX.

The VIX remains at elevated levels however numerous downside targets in the form of gaps remain unfilled at 21.97, 17.62, and 16.26. Again if the VXX breaks down and fills some of the gaps below this would certainly be supportive for a broader market rally. Note how the ATR on the VXX is showing a downtrending line. The VXX is consolidating here, and a break ...

RealTradingEdge RealTradingEdge PRO SPY, W, Long ,
SPY: It's too obvious to be short
53 0 0
SPY, W Long
It's too obvious to be short

This week we saw major fireworks in the Builders and Healthcare sectors (as we'll detail more below) but the overall market indices continued to consolidate in the range highlighted in yellow. All of the major levels we outlined the past few weeks have held so the following scenario is still in play. We see 2 possible scenarios of which I believe the 1st scenario ...

RealTradingEdge RealTradingEdge PRO SPY, D, Long ,
SPY: A lot to do about nothing
34 0 0
SPY, D Long
A lot to do about nothing

This week's price action was topped off by the FOMC announcement on Thursday. As was the case with all FOMC announcements, all eyes were firmly fixed on not just the announcement but to the market's reaction of the announcement. As mentioned in last week's commentary the 199.88 level acted as resistance and capped Thursday bullish run up. Friday's session was ...

SPY: 2 possible scenarios for the SPY
234 2 0
SPY, D
2 possible scenarios for the SPY

With the shortened trading week, this week's price action could best characterized as a period of consolidation, as the major indices closed near where they opened. All in all a slightly positive end to the end to the week as the buyers were able to close the week slightly higher. At this point all of the major levels we outlined last week have held hence the ...

VXX: Downside bias
21 0 0
VXX, D
Downside bias

A couple of pertinent upside gaps - Gap @ 33.31 Gap @ 28.62. However numerous downside targets in the form of gaps remain unfilled, which would be supportive for a broader market rally. Gap @ 24.71 Gap @ 20.72 Gap @ 17.62 Gap @ 16.26

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