OANDA:XAUUSD The 15N chart shows spot gold in a downtrend in the London market. It will soon hit sell orders accelerating the downtrend into the buy order zones. I believe that it will reverse and trend upward to the overhead sell orders which are at 1798 for one percent of upside. This is my idea for a day trade of XAUUSD on the forex market first the...
TSLA ascended in a channel after earnings then stalled. TSLA is now bound in a horizontal channel with sell orders as resistance and buy orders stacked at levels on the lower trend line. My idea is to watch TSLA for a bounce-off resistance then taking a put option with a narrow expiration below the money and exit the trade as TSLA approaches falling resistance...
NASDAQ:AMD AMD had a good run into the earnings season however news is that with the expected or present recession semiconductors as a subsector will fall a bit heading into the third quarter. The chart shows buy order blocks as a support are far less than sell order blocks. The MACD , a lagging indicator, shows the K/D lines crossing over the...
USDJPY is now trending down on the 15M chart. Three indicators provide confirmation. I will trade a day trading short on USDJPY when I see a candle open and close below the POC of the volume profile on the 5M chart. The stop will be two pips above the POC value. Targets are the horizontal S/R drawn to the chart. Please comment as to your opinion on this idea.
AMEX:YINN YINN is now in an uptrend with an increasing cloud score and upgoing BB boundaries. Stop Loss at the double bottom while the first target is the recent consolidation period with about 15% upside to that take profit and about a 2.5 Reward to Risk All this makes YINN a candidate for a swing long trade
OANDA:XAUUSD The chart shows a reversal in SPOT GOLD since July 13th and the latest round of CPI/PPI data showing the continued onslaught of inflation. Gold is rising while the dollar strength is dropping as per the DXY index. This all makes sense at least to your average person who is not an economist. That said, XAUUSD has a bullish bias as a hedge against...
OANDA:XAUUSD The MONTHLY chart shows the ratio between the spot gold price and the US inflation rate. While overall, the ratio is quite stable or consolidated for a period of more than 15 years. Hpwever. y three episodes are noted where the ratio rose parabolically including 2009, 2015 and the Covid 2022 time period . For the present, the RSI Swing Indicator...
SP:SPX With the ration at a top as suggested by looking to the left and the RSI pivot indicator, a strategy might be to exit stocks and buy spot gold. An alternative view is that they both might be about to downtrend but that gold will downtrend slower causing the ratio to drop. Please comment as to your opinion. Thanks !
OANDA:XAGUSD Silver ran up hard to close the week. The 10R shows the supply and demand zones as well as RSI pivot and the volume profile. Essentially Friday afternoon's close forms a double top with the high from the previous morning generating a reversal pattern. I think Silver is due to correct and reverse. For the short setup, I will set a stop loss...
OANDA:XAUUSD From the 1000R char, I am thinking about taking a short trade with a stop loss of $1808.25 above the high on 8/10 and a target just above the volume profile POC at $ 1788. Given an entry price of $1802 risk of $ 6 for a reward of $ 14 ( 2X). Please comment offering me your opinion. Thanks!
OANDA:XAUUSD On the 15 minute chart XAUUSD, in the past day has moved up and beyond the high volume area of the profile. RSI pivots are shown, Supply and Demand Zones are drawn onto the chart. Overall, Gold is setup fpr a short position first targetting the POC price line as support may hold there. If price breaks that support, I am looking for it to move...
OTC:RGBP RGBP just crossed over resistance, retested and continued uptrend setting up for long trade with stop loss below the horizontal line. Presently up 70% since 7/27 earnings Crossing EMA Ribbon shows divergence /momentum Considering a $5 Strike for Jan. '23
NASDAQ:LXRX LXRX has gained over 100% in the past month However it appears to be forming a double top in a potential short trade setup on the two hour chart. The K/D crossover on the hot RSI oscillator provides confirmation. Short Sale Volume is rising in the past two days. Findamentals - LXRX has a new medication for heart failure a common medical problem...
NYSE:F F is trending up while TSLA heads down US Legislation to support EV purchases with tax credits is helpful GM's financial troubles are helpful. Chart shows upgoing BB/EMA channels and mid-range RSI with recent K/D crossover. Both suggest a potential swing entry. Depend on unforeseen changes in the automotive market or the market at large and a...
This DAILY chart shows the RATIO between Tesla and Ford stock and so comparisons between market cap. A rising ratio indicates that TLSA is gaining market cap compared with F while a decreasing ratio shows the opposite. A long-term investor who wants to own either TSLA or F or a blend of the two could use a chart like this to make trade decisions. When the...
AMEX:YINN China has had lockdowns, trade wars, delisting and so on yet it hangs in there, The YINN ETF downtrend is in early reversal. An entry point may be soon RSI provides confirmation.
NYSE:NVTA a NASDAQ Penny Stock moving 10% today after an earnings loss with a pullback and rebound. Speculative but possibly with a good risk to reward since it has already pulled back. Stochastic RSI is low and all of this follows a long period of consolidation. RElative up volume today is 10-15X baseline showing good accumulation. Options for January 23...
NASDAQ:SDC SDC is the ticker for a company that makes orthodontic mouth guards customized for each customer cutting out the orthodontists. Recently it has been in uptrend over the past month of more gaining 80% in the past month. The K/D crossover on the RSI supports the end of the current micro dip making an entry point. A good stop loss is the recent low at...