With my bearish bias in mind, S&P has cleared some good liquidity on the 1hr. Its headed to some more liquidity near equal lows on the 1hr. Its a daily imbalance that needs to be filled before I think about being bullish.
Yday we opened up right under T+2 and got some selling pressure right into the Key Support at 4084.50-4077.25, support held and we saw a rotation back towards the Key Resistance at 4143.75-4137.50 and we were able to break out and hold above it for continuation move to higher levels. In Globex so far we failed at our 4191-4185.50 level and failed to extend and...
I am looking at the 1872-73 zone to be an inflexion zone for gold with a strong short from there after confirmation of retardation. Mean reversion really. So I adjusted my original stop to a little higher than 1875. . .We should drop like a stone from the red zone.....Soon as I see this retardation, I will short it. Risk is maintained by small position really...
Turned mildly bullish on Netflix on 31 May with a tk cross. However the volume was not convincing so today will be doing just a day trade to test my bullish thesis. If successful then my day trade can potentially turn into a swing. On the monthly we had a bullish hammer caused by the monthly lagging failure to cross down the monthly SSB. If this persists then we...
Hey tradomaniacs,
recent news have caused a huge stop-hunt at the topside of the range which is a strong indication of a move down.
If the current breakout continues and we see more momentum we can expect price to re-test the market-up support-zones.
Be cautious as we are going to see NFPs tomorrow, means price can stay choppy until then.
What do you think?
Price formed a double bottom pattern, in a downtrend, also characterizing a descending triangle and, in my view, if it breaks ~up, the price can seek this price projection.
Obviously it may take a few days, even because the chart is in the diary. But I believe you can look for that price region.
disclaimer
*** In accordance with CVM Instruction No. 598, of May...
35k is the next strong resistance for bitcoin, if bitcoin continues to move up over the 35k levels expect bitcoin to continue up failure to break through the 35k resistance and expect a potential retest of 30k.
ETH currently in a long impulse to let Big Hedgers close their Long positions BE.
My Idea is to buy the Breakout of ETH above 1917,5 and hold until price reaches 1956 lvl.
Price action shows us that Hedgers are not actually buying here, they accumulate short positions - so be prepared for a big dump once we reach that 1956 lvl bc they might close their long...
Trade Idea: Selling a retest of the broken range
Reasoning: CFTC data recorded a renewed net advance in short non-commercial Sterling positions
Entry Level: 1.2076
Take Profit Level: 1.1705
Stop Loss: 1.2126
Risk/Reward: 7.5:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is...
Today we broke into 3971-4030 range and came back in, N period bounced right from tomorrows T+2 High area of 3954, will we be able to stay above T+2 until tomorrow and get back over 3971-76 and maybe get more buy ins to take the upper stops and test the top of that range at 4025-4030 which is also a level we came through a few times already that hasnt been tested...
IN the H2 time frame we are in this pattern. I do trading based on patterns . wait for the confirmation to make in short or long
this is not financial advice
USE STOP LOSS
Yesterday we had a big sell off, I had it market that we would visit our Key Support at 3976.50-3971.50 and if selling is strong then can see lower levels as well, did not expect to that much but we got what we got. Today we are set to open on a gap down and below T+2 low of Tuesday. Currently inventory is short and we found some buyers before our swing low and...
Yesterday we found buyers at the levels we expected and were able to close above T+2 for today. Globex session we tried to push to extend into the next range over 4084.50-4077.25 but failed, currently inventory is short and selling off to find buyers. We have broke into and accepted into T+2 so far, if we dont come back out and hold then we can see lower levels...
Trade Idea: Selling EURUSD into resistance
Reasoning: Rallied into resistance and a 38.2% Fibonacci level
Entry Level: 1.0461
Take Profit Level: 1.0354
Stop Loss: 1.0477
Risk/Reward: 6.67:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved...
