optimystery

optimystery

Not too proud of this one as I learned afterwards that the company was responsible for a terrible accident, part of the reason the price dropped so quickly. Lesson learned, and next time I will do at least the minimum fundamental research rather than only looking at charts. For me that matters, and I wouldn't invest in oil for example. Anyway, the general plan is...

optimystery

Overall bullish, respectable channel, large swings within it. Bought Snapchat as it seemed relatively unaffected by the Aug 5th dip which seemed bullish. However, unlike AMD and FSLR this was not already low on the RSI and is now happily swinging low according to the trend, or maybe a more delayed reaction to the overall markets, so perhaps I should have waited...

optimystery

Bought the fear of trade war Yuan news, looking for a long term uptrend with medium term healthy swings within a steady channel. Looking to swing trade tops and bottoms as long as we are in the parallel channel. I look for opportunity in stable range, slow volatility, good entry / exit points and also it helps if the company seems well placed for the current...

optimystery

Publishing this chart mainly because I haven't yet found a way (on the Pro plan) to save all my charts. Spending time studying and revising charts only to have tradingview 'forget' them whenever a browser tab refreshes or reopens is quite frustrating! Anyway, I bought AMD on both bad news / rumours and a bad day for the markets generally (trade war Yuan...

optimystery

Zooming out, we can see a previous channel being respected. Interesting indicator, the MA ribbon. I'm researching trend following lately, and this seems like a nice way to get a bigger picture, timing longer timeframe entry and exit points. Entry / exit is not everything of course. Full disclaimer, I am a hobby trader, self-taught, only a couple of months in etc...

optimystery

With TSLA, backtesting the overbought and oversold signals of the RSI (especially the 80/20) shows it's been pretty reliable in providing buy and sell signals over a longish timeframe. Trading using the RSI alone is generally thought of as being a bad strategy, but with a couple of confluent signals it could be pretty useful here. Some stocks seem to favour the...

optimystery

REN recently broke out of this downward sloping channel - a Bull flag formation. It reached oversold levels on the RSI at the same time as hitting 200 support on the EMA (4H) RSI seems to backtest pretty reliably for REN, and there had also been some bearish divergence on the previous upsloping channel, predicting the downtrend. I am quite new to TD Sequential and...

optimystery

Quant has been pretty good for range trading recently, but has fallen out of a larger upsloping trend (fib channel). It has low volume and can be volatile, though recently less so, and also recently is not printing anything that tidy or easy to trade (for me at least). Currently waiting for a re-entry to break even on my last trade and see what develops...

optimystery

Litecoin broke above this descending support line, an important move, but it did so without convincing momentum. Had this Long setup ready to go if it made a decisive move, but although it broke out of the channel it did not hit the target yet. It bounced off the 200EMA. Now hovering around the 100EMA. Litecoin halvening is a few days away but it is generally...

optimystery

It's good to zoom out and look at the daily for Bitcoin with a simplified chart, after all the noise and unpredictability that has come with this lengthy correction. That long-term upward sloping trendline is offering support again since we dipped below it and the EMAs are showing nice support too. I am learning to swing trade / trend follow and while Bitcoin was...

optimystery

L.INKBTC broke out of this descending wedge nicely. Looking at volume we can see that there was a strong move to push past that trendline resistance, as well as through the 100 and 200MA on the 4H RSI has hit 70, so expect a pullback to the MA Just keeping an eye on this for now. I'm learning so this analysis will be quite basic. No position entered on this one,...

optimystery

QNT has been ranging in this channel for some time, bouncing nicely. Daily now looks quite bearish, and it broke below the lower fib support for the first time since entering this range. Currently testing the 200MA. Low volume means it can be quite volatile so maybe there will be a large bounce

optimystery

I'm learning TA and just following Mitch Ray's chart shown in this morning's video. To summarise, if BTC breaks 12.4k (negating 3 falling peaks) and doesnt fall below 9.7k then this Long could be in play, once LTC reaches 137