I do like this trade a lot. There is some "interesting" support from early 2015 which LOCO could pause at for a bit. Don't be chicken to take this trade though. Nice squeeze, there is a gap down. Likely going to play this with shares because options do not move that well on LOCO...
Take a look back to check out what happens when RSI 2 is below 2.5, we have movement or a close below the lower BBand, and for an added bonus, when traditional RSI 14 is in the 40 or below range. The key to this setup is to not get greedy. Once that mid BBand line is crossed, it's time to tighten the stops. Let it ride. If you're a little cautious, sell when...
Idea is based on median line analysis, fibonacci ratio's and basic support/resistance. The rationale behind this setup is shown on the chart along with specific targets and stop loss. Good Luck
Idea is based on median line analysis, fibonacci ratio's and the use of the following indicators: Bollinger bands, Stochastics and MACD. The rationale behind this set up is shown on the chart with specific targets and stop losses. Good Luck guys.
Still range bound for now. This is what is needs to go higher: AMZN is still range bound in this pennant/triangle until there is a close above $436.90 (MAY 21st high) or $439 (MAY 11th high) before it can breakout and test that $452 all-time high. Buying a June expiry 440/450 Call debit spread for $2.00 or lower would be a nice 1:4 risk:reward scenario. And you...
Idea is based on on a combination of median line analysis, basic support and resistance and the use of Bollinger bands. The targets and stop are mentioned on the chart. Trade at own risk please. Haven't been publishing or trading that much guys, life can be quite a hitter sometimes, but I am back! and looking forward to interact with all of you. Cheers Hamza
(Disclaimer: I have posted several short ideas on ES/SPY/SPX since the start of the year - I have played some of them for quick profits, also have gotten burned a couple times; it's safe to conclude that so far, the bullish trend hasn't been broken, but hasn't accelerated either. And even if the S&P 500 just made a new closing high today, it's still stuck in the...
Possible flag breakout. Price left lower bollinger to find nice support on the 50 dma. Looking for a breakout to resistance 6.50. Stop at 5.37
Anyone remember the "Frogger" game where a frog must pass a river ? This strategy is like a game. Immagine you that the cyan lines are a River, any time the price can cross up or down this river, you must buy or sell only when the bar are dry.. BUY at highest price of the first bar that is completely dry over the river SELL at the lowest price of the first...
Steve Primo's Advanced Bollinger bands This is an interesting and easy way to trade that anyone can pick up immediately. It doesn't require to have perfect-right-now type of scanning or timing. Orders can be set up ahead of time at night and left to fill on their own, freeing up time and attention to go do other things during the day. People with day jobs where...
A couple of observations: 1 The 1.618 extension with a prior 6.18 retracement seems to have slowed down the pair from moving higher. 2 A daily AB=CD pattern / 3 drives pattern have completed. 3 The pair recently broke out of ascending triangle on the 4H chart. 4 The Bollinger band shows extreme price movements on the 4H chart. Looking for an entry setup with at...
The crude oil prices rose 12 percent during the last two weeks of trading, from recent low at 46.66 to about 52 dollars today. The crude oil futures recent rally might show the beginning of its recovery to higher prices. Is that a sign of the plunge’s end? Politics, oil producers, and technical analysis (Bollinger Bands & RSI) give answers. Full blog post here:...
Williams: The alligator's mouth is horizontal but points sightly down - closed - asleep. Momentum is approaching zero. It's been a while since a new high. The RSI is pointing downward below 50. Expect a nice move down - a significant correction to the dollar bull market...could be several months. Sell on a break of 115,842. Bollinger: bands (20ma) are...
past 10 weeks has seen gold attack below 1180 but failed to close below it. moreover it has closed within the bollinger band and this week is now making its move out up towards the upper bollinger band. we target 1300-1330 area firstly.
New version! I looked at all the original information from MtGox which is still available on TradingView and noticed that my last chart using Bitstamp prices and pivot dates wasn't aligned perfectly with the real pivot price data from MtGox (which shaped the price from 2010 until the melt down in 2014). BTC has still a high risk too fall even more. The pink Gann...
Technicals: Bullish Signals from: Symmetrical Continuation Triangle Expected Price Target: $6.00+ Timeline: 4wks Bollinger Bands – W Bottoms Last bottom lower than the prior with bonce toward middle. MACD Line cross-over with upward direction. Parabolic SAR Start of uptrend with 1 period. Awaiting more confirmation. Net Volume on rise. Conclusion: Short...
London Session Watch USDCAD There are multiple pin bar candlestick patterns rejecting the mid band of the bollinger band on USD/CAD which could potentially offer buying opportunities in today's London session. The long term trend is still bullish as the short term moving averages (10 and 20 period) are still above the long term moving averages (50,100 and 200...