ruben_rodrigues

ruben_rodrigues

1. Zoomed out to provide perspective - Long term ranging market with a recent breakout. Now trading close to the previous resistance. 2. Market trading above the 50 and 200 EMAs - bias is to look for long opportunities in value areas. 3. As mentioned in point 1, market trading in a value area. If a long trade goes against us, we'll be able to understand quickly...

ruben_rodrigues

1. Downtrending market in the higher time frames - look for short opportunities. 2. Downtrending market in the daily time frame - look for short opportunities. 3. Descending triangle base pattern being formed since the end of Jan 2024 - the short opportunity. 4. 2 above average sized bearish candles formed at the edge of the triangle - the trigger. 5. No bullish...

ruben_rodrigues

1. A 16 month downtrend. 2. Last month the price broker out and closed above the 10 EMA (M), after these 16 months, with an above-average-sized bullish candle. 3. During the current period the bulls remain in control, at the time of editing, and should the price close as is or similar, then the following things are confirmed: 3.1. A 15 period high close. ...

ruben_rodrigues

Just updating this idea. Target profit hit. Take your profit, move onto the next set up. Cheers, Tenacious Tribe - Quantified Trading Strategies

ruben_rodrigues

Updating earlier idea. Target hit. Full stop. :) REMEMBER: Drawing lines on chart means nothig if you do not command and employ sound risk management principles. Cheers, Tenacious Tribe - Quantified Trading Strategies

ruben_rodrigues

Just updating this idea :) One good idea to manage emotions and hedge against the risk of losing back our profits to the market is to scale down once a logically placed target is hit. Pursuant to our volume profile analysis, although this market might as well keep on climbing, some bearish pressure is likely to step in at this level (is sufficient for a...

ruben_rodrigues

1. PATTERN: Falling Wedge 2. TRADE TRIGGER: Breakout with an above-average-sized (open to close) bullish candle and above average volume. 3. TARGET: Outlined resistance area - previous support. 4. STOP-LOSS: 1 ATR, or 1x the average candlestick size (last 14 periods) below the 10 EMA. 5. RISK TO REWARD RATIO: abt 2.90 6. POSITION SIZE / RISK MANAGEMENT: a)...

ruben_rodrigues

Just updating an earlier trading idea. The 1st target profit has just been hit. Trends are powerful. They require a lot of effort to be reversed. The odds are this one will continue. However, after the breakout and confirmed transition into a confirmed uptrend, this market is now trading against an area where bearish pressure is likely to step in and interrupt...

ruben_rodrigues

You gotta love it. Weak hands being squeezed away from this market throughout the last year. Volatility steadily diminishing until it was longer there for the past 2 months. This week, we've witnessed a proud bullish candle erupting out of the stillness implanted in this market and breaking out a completed descending triangle pattern. Take profit in the...

ruben_rodrigues

And it is finally, just about to get completed. Until the end of the month comes and the current candle closes, it is not official. Still, provided no aggressive changes arise throughout the rest of the month, then this market is about to complete a textbook bump and run reversal pattern. This pattern comes hand in hand with a break of structure, with the...

ruben_rodrigues

1. RSI Bearish Divergence in the upper timeframe, at the top of a long term uptrend, concluded 5 months ago. 2. Market showing signs of distribution as illustrated by the erratic price action it has been subject to since the last quarter of 2021. 3. The bias is to look for short opportunities. 4. 2 Weeks ago the yellow trendline breakout, close to the...

ruben_rodrigues

1. Price trading below the key EMAs. 10 EMA trading below the 50 EMA. Both EMAs sloping downwards. This market is in a downtrend. Our bias is to look for short opportunities. 2. Double top base emerged against the 50 EMA. 3. The price pierced bellow that base, last week and with that breakout, the trend continuation pattern was confirmed. Here's our trigger,...

ruben_rodrigues

Text book ranging market with signs of accumulation. This market had been in a downtrend since the end of 2021. As of May to 2022, the lower low swings became less and less steep, with 2 RSI bullish divergences popping up to prove it. In Jan 2023, the bulls showed out their hand with a 25% plus week in 2x the average weekly volume. After testing the previous...

ruben_rodrigues

1. Price trading below the key EMAs, which are sloping downwards. > This market is in a confirmed uptrend > Our bias is to look for short opportunities. 2. Head and shoulder base formed since October 2022, against the 50 EMA. 3. Breakout from this pattern near the 10 EMA value area, 2 weeks ago. 4. Wait for a qualified trigger to enter short. This could be a...

ruben_rodrigues

VANTAGE:NVIDIA keeps on pushing further. Those who are holding are starting to feel exhuberant. Those who are not holding must definitely be feeling a good deal of FOMO at this stage. For both, in this slower timeframe chart, whose trends and patterns tend to override the faster timeframes, the pattern (yet to be completed) in display is a RSI Bearish...

ruben_rodrigues

Very convenient, I know... NYSE:AI bullish during an AI hype. But one way or another, regardless of the recent popularity AI has garnered, the tone of the message I'd like to convey today is that the charts knew at least 2 months before the retail trading industry (and perhaps even some institutions) that this hype was a possibility. There's never a sure thing...

ruben_rodrigues

Robert Prechter: market trends unfold in repetitive patterns across various timeframes. He emphasizes the importance of analyzing larger timeframes to identify the primary trend and using smaller timeframes for entry and exit points. Alexander Elder: emphasizes the concept of multiple timeframe analysis. He suggests considering the trend alignment across...

ruben_rodrigues

Just a clean setup: 1. Textbook symmetrical triangle pattern. 2. Breakout below the lower side of the triangle. 3. Price trading below the key EMA 4. Upcoming areas where the bulls are expected, as highlighted. 5. Wait for candle closure for confirmation. 6. Remember that no one holds a crystal ball. The future is unknown, reality is too complex. This is why...