I'm long from around 16 and it is beautifull trade. If it breaks 18 I will add more with TP 1 19 and TP 2 with trailing stop.
I'm long this stock due to fundamental reasons. I'm also swingtrading it as it has predictable movements. Yesterday I draw beautifull resistance line - and missed nice daytrade due to to high profit taking goal. Doesn't matter. new experience - belive in own ideas!
I went long yesterday but after hitting the long term resistance and bouncing back I went out of the trade today. For me donward risk is too big. I still belive in long possibility but I will risk some profit and go long when long term resistence is broken.
Critical point reached. Silver is intraday out of the channel and it reached ressistance. Same was on 12. December where after false breakout pull back started. If it breaks out we could see 19 if not 16,5 / 16,0 will be revisited.
Now it is becoming interesting SPX came direct to long term support line. daily close under the line could mean that the correction started.
WIll it break resistance? It daily close above possible really is coming.
As long term support survived FOMC I wnet long GDX at 20.72 and 20.74.
In spite of gold loosing 10$ after 10$ the GDX is strongly holding long term support
If the long term support broken we could go bellow 20
Strong resistance bacame support. I was long from 16,6 and took profit yesterday. If support holds I will open new long.
Oil likes channels. I belive it will at least go down to visit support around 49,40 and bottom line of the channel. If broken it will slide to 48,40-48,50. I will not short it now. If it goes to the top of the channel and it is rejected from 50.40-50,50 I will enter short.
When publishing last EURUSD post I didn't saw that the support line broken is from 2001! On monthly chart we also had tripple bottom and then long EUR run. This time if EUR doesn't pull back above the support line the drop could be significant. This is just an IDEA do not trade based on it!!! Trade based on your trading plan only. I'm not in this trade but if...
If the dollar breaks the long term support line we can expect further fall
Free fall till support - 46,50-46,50 or even to support line at 46.xx I wouldn't short now. Who is not on train now it is too risky.
Two times rejected at MA 50. I beleive today or latest end week it will break it and then MA 100 around 19 is next target. I will not take profit until I don't see uptrend weakining.
Lets see if the support holds. TP 1,1149; TP2 1,1179. I might manually stop between TP1 and TP2 depending on behaviour. RSI oversold.