Hello TV fans happy Chinese New Year, the vacation has come to an end so I'm back! -- GBPUSD has a daily 0.618 retracement and bounced off that, and formed a double bottom reversal sign. I'll be looking for smaller time frame reversal sign if it hits 1.3910, it's very close after the job number this afternoon, so I don't mind to take the inside 15 breakout or...
So yes, the pull back that many investors had been waiting for over an year finally came, although it's way harder than people may expect, it still create many trading opportunities for both bulls and bears. Here I got this MCD trade , after it's 15% pull-back it gave an inside day, and I would like to long if it's able to break to the upside. Let's see how it goes!
People had waited for a pulled back on the stock market for over an year and it finally came, which make the bears enjoy some party there. Overall, I'm still more bullish about the market but I have no intention to catch the falling knife, so let's get back to the techniques I knew and the bottom-up strategies! Finally there got some harmonic patterns trading...
At the end of 2017, Oil, gold, stocks, and even non-USD currencies had a nice rally, and all of which encountered some correction recently. USOIL showed best relative strength while it also just finished a daily double top. When a strong trend turns into consolidation and fluctuation, that's the time when the "buy low sell high worked the best. It's not a bad...
When the market start to fluctuate and I am still bullish on the market, often times I'll turn to consumer goods sector to look for trading opportunities. When the market remains good, they may go with the trend; when the market encounters headwind , they hurt less. I'll look for reversal sign in front of 86.00 and put the out below 85.00 or even lower (as we...
US Stocks indices dropped sharply in Asia market, for me, it's a nice and necessary pull-back in a bull market, and it may finally create some buy low opportunities that many investors had waited for a long time. Here we got a bullish cypher pattern! Of course, in such a slump we have no intention to catch the knife directly, so a nice reversal sign is also...
We've been through DDD,VRX,GPRO to the recent TEVA stories to me MNK is just another. Back to the days I was a proprietary trader, MNK is one of my favorite name as if I don't know what to trade in any given day I tried to short the name. Only if we kept "it's never too low to sell" in mind that we can catch this kind of profit, otherwise we might be stopped out...
It's me again, it's this trade again. Looks so scary that many traders won't take, isn't that a sign of "others are scary". Just kidding though, just want to emphasize that "All time high doesn't mean other are greedy AT ALL". Let's see how it goes!
MRK was one of my favorite companies to trade back to the days I worked for the bank. It suffered almost 20% pulled-back from its peak, and it might be time to look for mid-term positions! I would like to wait for daily reversal sign near 53-54 to long, with stop loss below 50.00 Let's see how it goes!
As I mentioned from my previous posts, I am not only a trader but also a big fan of Hearthstone. Tom60229 from Taiwan won 3 games in a row after facing 0:2 situation and won the title. It reminds me of looking for ATVI trading opportunities, and I got a inside day breakout yesterday. The momentum was not special at all in a intraday trading point of view, while...
It's a bull market !! Willing to take whatever set-up to long as long as it matches the definition of the trades. Here we got one, I like this breakout, of course if it breaks to the downside first, this trade doesn't exist anymore. Let's see how it goes!
A notable long opportunity! In a very strong uptrend, anyone who wants to long but doesn't dare to chase the high is waiting for pullback, and it's so important that to keep this in mind. Otherwise, when there actually pulls back, people are crazy about recognizing the top. That's very weird to me! That is, this kind of traders NEVER try to participate the...
If an inside day breakout contains too much risk that I can only trade a small position, I would love to turn to smaller time frame to see if there is an inside bar breakout opportunity, too. In this case, EURUSD has a 30min shooter after an inside day breakout, and I like this kind of trade as it can take part in the breakout momentum with limited amount of...
XAUUSD consolidated a little bit after a huge move, which is a good sign for an uptrend. On the other hand, it is at the final stage before making new high, so the daily bearish XYAB is the last reason to be willing to take intraday short. Generally, I still like the long trades 1&2 more if the short trade 3 can give a good intraday reversal sign, it's also a...
BTCUSD finally retraced to daily 0.618 @9300 and bounced right afterwards. In hourly chart, it also has potential bullish XYAB pattern, which could be a solid trade if it can go back to 9500-9800 today. Of course, this trade didn't really worth too much risk as indeed BTCUSD is no more an uptrend in terms of trading, but still it could be a solid trade with...
SPX500 finished daily 8ema correction yesterday , which had been waited for quite a long time. Also, it bounced off the daily 8ema and 4hr demand zone support, and then it gave an inside 4hr. As I only want to take long trade on SPX500 until it breaks any one of its daily pivots, so it's a no brainer for me to long the breakout! Let's see how it goes!
EURUSD dropped significantly after some news about German, and this dip may be a good trading opportunity! Whenever there are inside bars, we need to answer a multiple choice question 1. long the breakout 2. short the breakdown 3. both 1 and 2 4. none of the above. in this case, 3 is my answer and I like the long a little more as there is a huge daily...
It's already the 5th month, AMD has been a very significant example for harmonic patterns trading! The latest butterfly pattern with a inside week breakout combination worked well, and after it finished a daily double bottom, here comes another trading opportunity. This one looks so alike with the 1st trade at the end of August, too, both gave a double bottom as...