See chart for 4h ETH buy set up with targets. Remember risk management and trade management are more important than the actual setups. Stay green!
we have completed MM, however there is more room to top. protect profits up here and we can look for more buys with pull backs.
SP500 DAILY - - and where are targets above. There are 2 MM targets above - the channel had a dip out but is still valid.. now we are at the midline which has held prices for months.. Notice that often when a channel breaks out and the break out fails, the trapping of aggressive breakout traders will give a continuation momentum with the trend - such that you...
Traders seem to like the callouts on the chart better.. so included all you need to know ON the chart now.. ;) .. lets see how this plays out. "Trade what the market is telling you, not what you think" - Trader "Doc"
See chart, we are at a resistance level with an hourly uptrend - it is containing price well at the moment but overall on D chart price is struggling to reach a new high. A break of this channel would expect a move to midline of range around 35500 or lower to support at 30000. BTC has been on a run, so a breakout upside is not excluded however based on the...
See Chart.. 15 min channel - 5 min will be in comments below
See Chart.. based on recent PA looks like ETH may fail up here if we can not get above the 'magic pink line' - a pull back to EMA or lower high below would be around 1720 - mid line of 4h channel may hold or we head down to 1600s - when you could buy back lower for next move up.. 4h channel will be posted in Comments section for better reference..
240 Chart here - i have a channel up marked on this TF - in comments below will post the D to show the break out - and hourly which is now forming a trading range. Expecting a pull back and may even drop to the other side of 4h channel - looking for short set up if it happens. Watch the price action and trade with care!
Break up out of trend and pull back to nice zone for buy - 1% risk for potential 6.5% if we break to prev highs.. Happy New Year!
See chart for zones of interest. Daily if we break out of the correction - wave traders would call this a completed abc flat with a short c leg. Can not rule out D Triangle setting up so watch that TL above, or C leg continuation so stop out is possible.. 240 looks Bullish with buyers in this area with a nice stop level to give an attractive near 10x R:R...
Chart is pretty clear with stop location and sellers are waiting above, so that is where you pull stops tighter etc. Happy trading!
Small position with plan to exit if the lower level downtrend remains intact - break out.. will add on to get full position. Lower entry alert is ready to go - hard stop below (red dashed). Wave traders know this as the running flat pattern - we also have a weekly breakout and retest for those looking at larger timeframes. **note trendlines, patterns, areas of...
Missed the perfect entry as we gapped up. small position in already, will add on if we hold the current zone. If you have questions about the trendlines and horizontal area of interest (zones/colors/ meanings etc) you will have to DM me as it is too involved to go over in a comment. Happy to communicate though, just give me a little time.. Happy trading and...
Chart pretty well tells the story - note that this set up has possibility for 2 entries, so you pick - take first, take lower, take both? Keep good money management as we are looking for trend break and buying a low.. risky, but much possible reward. If we just break out now without coming back to pick me up.. will have to look for entry/stop above after...
256 buy at base of channel up - stop below at 255.25 - looking for move back up to 261 area for nice R:R
This seems to be an important area for this one. Downtrend in play, however we are in a zone that can bounce with easy stop location for good R:R - take into account this is counter trend on D / 4h .. so easy play - either we stop out or we bounce to TL - at which time take some off or get to BreakEven Point and hold for the break up to the "zone" above.. Big...
Goal of making new high - 3.2 R:R on this one.
Recommended 30% risk only .. i.e. usual trade for this size ticker is 1000 shares, go in small at 300 shares and trail this one on the way up.. catching a sharp knife, trying to pick the bottom - so relatively tight stop and either it goes or it doesn't!.. see chart -- close up view in comment section.. Happy trading!