The day before yesterday there was also an inside day, which was failed with huge fluctuation that day! The difference between this one and the last one is that last one had not broken the inside week low yet. That makes it better to short this inside day breakdown! So it'll be interesting to take this breakdown directly or looking for intraday set-up after it...
There are plenty of bear news after this IPO to break its initial price 19.00 yesterday. People in China keep on making fun of the quality on this platform recently, many of which are genius lol. Still, to short an IPO is not that easy so that we can take the recent slump as profit taking and stop loss selling cycle, when it's already in 19.00 and form an inside...
One thing that the analysts in this business will be challenged forever is about hindsight. Even the simplest single EMA system can look outstanding when it comes to the happened candles. While, for a mature system trader, what we really focus on is two questions: 1. "Do the patterns match the definition?" 2. "What exactly is the trade? (at least with an entry...
Kinda a no-brainer for me----> Only want to take the long. If it breaks to the downside before breaking to the upside, this trade doesn't exist anymore. Let's see how it goes!
AT&T has been so weak to make a new low after the 2015.08.24 low! The earnings report day is coming, there is a potential bullish butterfly about to be formed before 30.00 fig. Of course, this trade requires a intraday reversal sign AFTER the earning report, if going down after earnings but not breaking the 30.00 fig (Kinda a no-brainer SIZE over there) and give...
FB just got CRUSHED after the market closed yesterday on it earning report. Interesting enough, the price it's falling to the 0.618 retracement of the previous rally. That will be very important to see how it react to the 0.618 spot. Still so many people without the access to pre or after market trading, will be super active when it opens today. So not really...
The cryptos had a nice rally recently, most of which formed daily double bottoms like this ETHUSD. Accordingly, it pretty much decreases the bearish mindset a lot, and there will be some following buy-low strategies . This 4hr 2618 and demand zone combination long will be effective only if the red bearish gartley successfully makes the pullback from here. While,...
NFLX has an inside day after earnings, the direction it breaks will be very important! It has a big pullback on its earning day but recovered much also, both breakout will be a noticeable day trade! Let's see how it goes!
Not having much time to type but it's a worth noticing trade for me! Quite alike with the GBPUSD trade a few days ago! Let's see how it goes
The banks showed significant relative weakness against the market since 2018. While, with regard to the rate hike cycle, put some banks in the portfolio is still one of the major investing ideas. Therefore, this daily bullish butterfly pattern and the daily hammer combination may be a short-term set-up to long C! Without abundant EMA correction rooms, I won't...
GBPUSD just broke the B point of the bat, and there will be multiple combination there. Despite not very bullish on this pair according to the daily chart, this potential 3 in 1 trade is still quite align with my system. Worth noticing at least! Let's see how it goes!
In terms of a butterfly pattern, it is always correlated with fake breakout. In this NZDUSD hourly chart example, it did break the structure to make a new low. As a with-trend trader, of course I'm more inclined to short but will pay some respect to the bullish butterfly. Therefore, at the 1st TP of the butterfly there is also a structure pullback. That will be...
In terms of chart, it's a quite fine trade to have a harmonic pattern and reversal sign combination! While, it becomes less attractive when EOSUSD just showed terrible relative weakness among other peers. Therefore, I will only record this trade in TradingView but not very willing to take the trade. Let's see how it goes!
US30 had a inside week last week, and rarely enough, the inside week broke to the upside earlier in the Monday Asia market. It gave a clear mindset for the trading in this week! Before it goes back to break the 24000 fig (inside week low) I would more like to look for long trades than short trades in this week! Long trades includes buy low strategies like demand...
YY had an outstanding 2618 short off 121.8 previously, here it's forming a new bullish pattern. China stocks bounced a little bit today, if it can give a intraday set-up to long, it's still a worth taking trade! Let's see how it goes!
YELP's price didn't really move much this year, while I still like their business that has great potential (although their POTENTIAL didn't do much these years) Looking for a trade to long is not too crazy compared to the GRUB's rally. Here we got a bullish bat pattern, which is also near the gap from the ER last August. If it can have solid reversal sign near...
There are three potential bearish harmonic patterns for EURUSD, the biggest one is still a little bit early, while the smaller 2 are already on the mark! If you can read Chinese, I kept updating this "Long Short Fighting " on this pair in a history story way lol. It's hard to use sell limit to take this trade as it will be extremely hard to give stop loss. ...
In terms of day trade, I like this set-up so much to participate in the intraday trend. USDJPY just made a new intraday high to break the 111.00 fig and it gave an inside hr here. If it's able to break to the upside, I would like to take this long! If it breaks to the downside first, then this trade doesn't exist anymore. Let's see how it goes!