Even with the awesome spinoff of JD Health and JD logistics unit in talks of IPO, JD.Com remains to be starting on a momentary downtrend to EMA 200 for a break.
78-79 was a good support and that's why the retracement back to EMA 50 as a ceiling before breaking that level and down to EMA 200.
I am out of ammo with my shorts on $SPCE last Friday so I am not...
Wanted to hone in my skills to trade pre-market with news of public listed company. Especially price action weak companies where the bear action would be quicker than the rest.
This would act as a hedge for my long portfolio as well.
The news that I got from my notification was the filing of S-3 of 100m+ shares readied to be sold by existing shareholders + 8m...
I shorted pre-market with the news of IQ selling convertible bond together with the issuance of more common shares and got "scaredy cat" since this was the first time of me trading news + pre-market trading.
So I kind of covered the short trade once the market started trading and only had a gained of $0.57 ($20.62 -> $20.06) but I could have done more by holding...
Apple just broke out of it's symmetrical triangle formation which took approximately 119 days to form.
I think this is a good chance to long appl together with it's good news of them doubling production capacity for first half 2021 and hopefully it will take less than 6 months to reach profit target.
Just to share for entertainment purpose. Not an advice to...
As the way NZDJPY is at weekly) trend channel, Daily double top breakdown and 4Hr double top breakdown.
I am planning to add on position if the daily hammer failed to sustain bullish support and show signs of weakness to the downside.
As I already have position in the pair, I will probably shift my stop loss down to just above the double top neckline to reduce...
Confluence
Weekly - At a major point of resistance
Daily - False breakout of a ascending triangle formation
Daily - Forming of three black crows
4hours - Double Top
Concerns
Whether this down move is a part of re-tracement before heading upwards or a breakdown confirmation on the false breakout?
Trading Entry
Regarding this concern, I will trade on the...
HKEX:1337
It's against the big trend in HKEX since it recovered above EMA 200 but it's still 4/5 on my rating card so I did a position shorting Razer to swing low.
RRR not great but good at 1.6 if I can ride through the swing lows since we will meet a small support later.
Key factors why I entered:
- At support turned resistance level
- Price rejection with...
Eth using EMA 20,50 as dynamic resistance line not breaking through, however we see signs that the bulls are somehow regaining it's foothold as price action and MACD histo. seems so.
Will be waiting to add positions.
At a very good support level where bears are taking profit and bulls might be coming back.
Waiting for bulls to come in. I am sticking to the rule of entering above EMA 200 on weeklies and dailies.
RRR is at 1.2 (which gives me positive expectancy) , if the trade goes well, might be able to trail to 2.
Sitting on my hands....
