NZD/USD has been trending upward over the past few days and it seems to be pushing upward for a continuation of the trend. Let's see how the pattern develops. Entry point and Stop level indicated on the chart. Profit target will be taken discretionarily (no set target).
This is the introduction to the video series here to grow the paper portfolio on TradingView in an attempt to beat the S&P500 in real time. The reasoning behind this is that it is usually difficult to start trading stocks especially because you don't know what you don't know. It generally takes a couple of years for a trader to make a whole bunch of mistakes,...
USD/JPY just experienced a volatility explosion with a push to the upside from the wedge pattern I showed in the video. I'm bearish here, but I need to see if the big players and I are on the same page. Instead of throwing in a trade before any kind of signal, I am waiting for the trade to set up properly. This currency pair can just as easily recover with a...
The energy sector has been performing badly over recent months, but not as bad as basic materials sector. Specifically leading the problem in the energy sector are oil & gas drilling, oil & gas exploration and production, oil & gas refining and marketing, oil-related service and equipment, renewable energy equipment & services, and uranium industries. These...
This video is the first of many, and I discuss the behaviors of the sectors and potential markets that are poised to trend in the near future. The "freshest" sectors quietly trying to start a new trend are the Industrial and Consumer Discretionary Sectors. The sectors (along with their industries) I think should be on every trend follower's radar are: XLF -...
Here, the stock was hit hard in 2015 as shareholders abandoned ship, leaving stock down about 95% down over the next 2 years. This downtrend mirrored the company's revenue and income but recently, the company seems to have recouped some losses and seems to be on its way to being profitable again. Bullish sentiment in general, but here there is the opportunity to...
There was a predominant uptrend at least throughout 2017 (it made about 45% after first breaking out in Jan '17). However, with the increased volatility in the general market and in this stock's price action specifically, the wedge pattern forming can be expected to progress for at least quick bearish pullback. That is where I'm placing my bets. At least if the...
The price here has focused into the obvious descending triangle for almost about a year now! It is not obvious if it will hold or not, but the current company health especially regarding profitability along with price action point towards a downward move, especially after the bullish momentum over the last couple of days. This play is being taken to play on the...
This stock has been one of the best winners in healthcare over the past few years, in terms of company health, profitability and correlation to stock price action. All the same, just like with A , the current market uncertainty has left the stock here in a wedge pattern after its earnings report. Even though the earnings beat estimates, it was not better than the...
Same idea as previous WPX Pullback trade; check it out. Thesis still holds and so I'm looking for a pullback down into the 13.70 resistance level. Considered a wider stop to make up for possible volatility before move happens Stop at 15.67 Target at 13.20
I have started expanding slowly into the fx market, so we shall see how that works out over time. This is just a straight-up range bound play I see here. There seems to be an initial move already from the support level. I am bullish from this point onward unless it's a false move the breaks down below the support level. Stop at 108.109 Target at 112.654
Stock has a momentum build up for the past 3 years, but it has been increasing in volatility as the bigger picture ascending triangle has been setting up. Recent high just got broken, but the high volatility associated with it implies a greater risk + chance of reversal. With such increased volatility and weakening momentum, a pullback seems to be up next if not...
Greetings to all other contrarians and bears out there. The moment you have all been waiting for has given us a small taste of how dangerous the markets can really get. I just want to leave by saying that: "Beauty has a name, and she is called VIX".
Stock had sudden momentum push up, and seems to have been let go for a "return to sender" move. Risky trade here with wide stop to account for shorts who intend to cover. Need to stay in if the trade happens to work out. Stop at 10.65 Target at 9.98
The price her has been playing beautifully in this channel since 2016! No one know how long it will last, but I am playing the contrarian devil's advocate here as well. It looks like a pullback at least for now; we're in! Stop @ 23.52 Target @ 21.86
Price broke out in 2017 and is currently testing its high levels after the rally up! The stock is very volatile and It seems there is some weakness in the momentum it once carried. I'm going ahead to short this; let's see if the volatility plays out in my favor towards the downside. Sorry, I'm just a contrarian. Stop at 17.37 Target at 15.72
DXY behavior is something someone else drew my attention to, but after taking a closer look at DXY, this is what I saw. It seems to support my prior USDJPY idea, but ofcourse, these could both have some inaccuracies. To me, from the monthly timeframe and a bigger picture mentality, there is a predominant push to the downside, and DXY has been responding well to...
We got our 0.990 level test, which failed & we got our return to the bottom boundary of the correction channel (which also just failed to hold), just as I mentioned before, this can be a strong indication of the second wave of the down move. However, price can attempt another test of the downtrend line in attempt to reach the 0.990 level again. This has a low...