Recently GE shares went after the announcements they made to improve their business - this resulted in a +10% move in a matter of days - the stock has cooled off a bit from the recent highs. This may be a new trend - magnitude of the move certainly speaks of large institutional demand for its stock. I believe there could be upside to especially given that the...
Similar to the S&P - the nasdaq has had bullish momentum come into play - could Netflix be supporting this? Although here there are a couple more area higher up that need to be cleared to allow for new highs on both the S&P and Russell 2k. There are a couple of demand areas that could allow for some good long entries with the nearest supply at 4438 give a good...
The brilliant thing about good news in stock trading is that it opens up opportunities for both bulls and bears. Bulls want to jump in on the hype (along with the herd) hoping that some other bulls jump in right after they do so that they make money. They expect to buy and hold because the company is seen to be in good shape. Bears, on the other hand, look for...
Im expecting the price will follow the arrow i just drew. price tend to move slower at "Base" ("Base" from "Drop-Base-Drop" marked in blue box). However, after the price breaks the "Base" level, i'm expecting the price will move up to the red box. Price however can break this red box resulting more profit. Try using trailing stops when price has reached red box. Thankyou.
I messed up the original post for this so I am trying again. The Canadian Dollar has rebounded well against the British Pound leaving a bigger picture demand zone below @~0.5140. Price is now coming to an area where there might be a sharp decline away. This supply zone @~0.5360 is also the 50% pullback area of the original down move indicated by the red...
Platinum has been on a steady decline with slow demand. Platinum trades at a discount to gold, a condition that occurred last month. The spread between the two precious metals has tightened, but were at the widest in two years. Platinum, although grouped in with gold and silver as a precious metal, is typically lumped into the industrial group with palladium....
This move can go either way Long or short. I've managed to draw out a wedge which will determine where the next move could be. If the candles are continuing to be bearish for the time being and managing to break through this wedge, it may be worth shorting up to the demand zone (TP). Otherwise if the candle tests the wedge and manages to bounce off it, a short...
After the complletion of the Bat Pattern last week, bears came crushing the bulls. However, the momentum of the selling pressure is decreasing shown by the colour differentiation in the candlesticks. This potential bullish trade does provide a lot in terms of technicals: 1. There is a hidden divergence in place which indicates a trend continuation. 2. A potential...
GBPNZD has been working its way into a descending triangle for a while and should be coming to the end of it now. Descending triangles at the end of big extended rallies usually lead to a collapse in prices. We should a rally soon. Hopefully to the top of the triangle so we can get more pips as it breaks the overly tested area @ ~2.03400. The supply zone @...
I have been following GBPUSD since the last week in February (24/02/2015) and got in on a short (with a limit order filled on 26/02/2015) of the pair @ ~1.55500. I racked up 140 pips by the end of day but I locked in 110 pips and let the market kick me out. The market is moving back towards the bigger picture demand zone below @ ~1.52480 which should see a...
AUDJPY has been in a downtrend for months due to a weakening Oz economy (in recession). The Aussie has strengthened this year climbing to the 0.50 retracement of the last downswing. The current upswing has taken out intermediate supply on its way up and is now getting to the 0.618 level which coincides with an intermediate supply zone @ ~94.160. the rally into...
My analysis of AUDJPY 4H. I have created 2 potential supply zones and 1 demand zone. The chart shows a downtrend at the moment and despite a recent sideways trend from February, if the price happens to hit my supply zone 2, this indicates a potential long term short.
EURUSD has seen a significant drop after the rally that occurred during the Greek elections. This formed a bigger picture demand zone for the EURO. The intermediate supply zone highlighted has a lot of PA in the area, so it may only hold through one retracement back to the level. The next time price gets to the bigger picture demand zone, it will be the first...
After breaking out of the descending triangle as I pointed out in the last idea, prices should now climb back to the ~134.500 area to "test" the previous intermediate demand zone. Should the zone still be imbalanced another push to the downside is likely. This level coincides with the 0.50/0.618 of the previous down move and should head to ~132.500 if not...
Price has been moving lower recently, creating a descending triangle (bearish pattern). Intermediate supply zone @ ~135.210. Reaction from the area should hopefully bring about a drop in price. Distance of drop should be equal to width of triangle (all things being equal). Possible target, 134.000. The zone @ ~135.580 has been tested a few times and should be...
AUDGBP reacted nice off this big picture demand area, gapping into it in the process. This formed an intermediate demand zone within the bigger zone. A return to this price should see a rallying reaction. Profit margin is dependent on supply zones that form on the return to ~0.50300 but a sharp drop should see a 5:1 R/R.
AUDGBP has found some support (demand) at the psychological level of 0.50000. It seems that the demand zone is in control, driving prices higher and invalidating previous resistance (supply). As prices fall back to intermediate demand zones, long trades can be initiated for intra-day traders while position traders may add to positions or adjust positions. AUDGBP...