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SPDR S&P 500, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, 12 RETECH CORPORATION, GENERAL ELECTRIC COMPANY COMMON STOCK, INVESCO QQQ TRUST, SERIES 1, ISHARES MSCI EMERGING INDEX FUND
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
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Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Why Wheat and why now. What about Soybeans and Corn.
Looking across the Ags, it seems that Wheat is enjoying the most upside. Why is this. In keeping with my focus on the DMI and ADX, I think you’d have start by looking at the monthly chart of the 3. One of the key tenants of DMI/ADX is that best trades seem to originate when the ADX is below 20 for an ...
So far, I’ve focused on how to get into the market based on the DMI swap in dominance between the +DI and -DI. Once you’re in or if you missed the original entry, how can you get into a trend while minimizing your risk. As I’ve noted before, I’ve not been able to successfully trade on a regular basis but my hope is to use everything I’m documenting here to ...
Continuing with using the ADX/DMI on a daily chart to trigger a trade with the 4 hour chart to refine the entry, I’ve marked up the recent BTCUSD action similar to the wheat chart in previous article. As you can see from the daily chart, price dropped on the 4th causing the DI’s to swap dominance on the DMI. With the ADX still above 25, this could be viewed as a ...
Setting up a trade based on daily signal using 4 hour chart for timing.
In this scenario, the daily chart had its ADX below 20 since July 3rd. When trading with DMI/ADX, periods of breakout after the ADX has been below 20 for at least 7-10 periods can provide good results. In this case, the 4 hour chart had dropped below 20 for an extended period too.
On July ...
In my first article, I provided a summary of the tools I’m using plus links to some good material that gives more in-depth details of each. As I go through each concept, I’ll refer to the 3 time frames that I will use in determining a trade.
• Weekly: to get the overall bias of the market
• Daily: to identify a day to take a trade or to setup a trade
• 4 hour: ...
I’m not a successful trader. I was fortunate (?) to have a father introduce me to trading futures when I was ~12 in the early/mid 70’s (he created a study guide and sat me and my 2 older sisters down at the kitchen table to review it weekly). I was ‘successful’ in the mid/late 80’s but that too went away as did the desire, time and money to continue. 4 years ...
Looking at wheat zw1! across three charts (renko 10pt, 5pt, and 1pt), it looks like they have achieved some type of confluence and are staged to break higher.
Entry setup would have been on the 1pt chart on the 27th with the second test of the 100EMA. However, I'm looking to enter long based on how market opens this coming week.
Targets are 510 and 550 on the ...
Long term renko chart (100 pip) looks like it could be cycling through a continuation pattern. With price stepping up higher and TSI dropping back but remaining above 0, price could be set to breakout to upside.
Looking at 10 pip chart for timing, the breakout could be starting now.
The 20 pip ...
wti daily chart with current PF. looking at key areas from 2017 peaks in downtrend to provide price barriers in current up move.
Pitch fork using the 3 pivots of 2008/07/01, 2009/01/01, and 2013/08/01
Starting 2015/01/01, median line provided price support and for next 10 months
Next parallel supported price including the line based on lower pivot
With price failing to continue to lower parallel after breaking through median line, there is an 80% possibility that price will move ...
Some stocks to watch this week:
A buy trigger was signaled on close of June 2016. Price had remained below this level but has closed above it in May 2017 and is above it now half way through June. Indicators are bullish.
Price has been in a consolidation pattern from November 2016 thru March of 2017 where there was a breakout.
A buy ...
Close above 38.15 will be progress on bullish change on monthly chart.
DMI -DI still up but ADX has been trending down signaling trend weakening
TRIX moving up but still below 0
Stoch coming off oversold readings and trending up
Price has been consolidating since July of 2016. However, a buy trigger was ...
Buy trigger set at 76.38. Price has closed and held but still can't break up over 80.69 resistance set Jan 2015.
Most recent buy trigger was set at 78.41 with resistance from August 2016 at 80.91.
Price needs to close above 80.91 week of June 11th 2017 with follow-thru. Should price action ...
Points of interest 'A' and 'B'. A similar pattern in price, TRIX, and Stoch with the key difference in the DMI. With 'A', the DMI is bullish which I believe limited the downward movement of price and kept the TRIX above 0 which formed the based for the ensuing bull run. With 'B', the DMI is bearish and the ADX, in the past 2 months, has begun to trend ...
ADX: Signaled price consolidation starting week of 3/27/2017
DMI: The week of 01/09/2017 a buy trigger was set at .7493. For the next 15 weeks, this line held price. However, on 04/03/2017 a sell trigger was set at .7501. Although price has closed below this line since then, it has still been held in check bu a non-trending ADX below 20.
TRIX: Below 0 ...
Overall, market is down but could be in final stages of down trend from 2012 highs
In the March/April time frame, the DMI changed to where the -DI is dominant. The ADX continues to trend down signaling whichever dominant trend is not that strong. Current targeted support is 8.910. Though, there is an area in the +/-8.000 range that has provided ...
The monthly cornusd chart looks like it is setting up a base for a new uptrend to begin.
October '15 new resistance->support line at 3.502. Price has closed and held above this line for past 4 months.
+DI up and ADX is rising though still below 0
TRIX divergin with price since 2014 with 3 points of focus
Stoch coming off oversold and moving ...