Waiting for clear bearish engulfing candle (best when wick also engulfed) and after 1st bearish candle close wait for confirmation with next candle (down wick of 1st bearish engulfed with 2nd bearish) and that's good sign to go short. Take profit on support line (I think it will be also in dynamic support/resistance zone - between 30 and 50 simple moving average)....
Waiting for bounce from support line and then after reversal confirmation (doji or engulfing - only "real body" of candle matter and ONLY after candle is closed - never before) good opportunity to go long to next resistance line or higher (e.g. to dynamic support/resistance zone between 30 and 50 moving average). R:R should be approx. 3 or higher.
Waiting for bounce from last support and if clear doji or engulfing - oportunity to go long to resistance. We must wait. R:R should be over 2.
Waiting for close of candle with bullish engulfing (only real body matters) 2 previous bearish candles. And if next candle engulf wick of actual candle it's a sign to go long. R:R=~1.5
Waiting for bullish real body engulfing candle with small upper wick or without (best). If next candle will engulf that wick then it's good sign to go long to ~2.03. R:R>=2
Waiting for "real body" engulfing with close of candle and if = then long to .TP1 (first resistance line on chart) or TP2 (second resistance line on chart).
Waiting for "real body" engulfing with close of candle and then short.
For the next 16 days: Bullish $5.70-6.60 Bear 7.29-6.61
The retracement has been done below its intrinsic valuation due to weakness in overall bank sector. I believe this stock is a fast grower and at this valuation it is great buy.
This steep market decline in the S&P500 requires a lot of attention! until there is clarity speculation about the depth of the correction will prevail. The Good La st week the U.S. economy showed good signs of job creation, CPI index at 0.1%, housing starts were strong. The bad The conference broad still expect moderate economic growth, building permits...
This is a DAILY chart of Tesla. In this time of market turmoil, please be very careful... Would you own TSLA stock? I too would love to drive a Tesla. Given the opportunity, I would go out and drive one tomorrow. But would I buy the stock tomorrow? You might be surprised at the answer. Some things to ponder without answering the question at hand - **On...
20 May USD/JPY Daily 21:03 EST - Has this pair finally broken out to the upside? With the break of 120.250, clearing the red trendline is pushing this pair up to the 120.870 resistance level. Clearing here, while probably difficult should allow this pair to make a run at 121.850 - 122.000 levels set in Mar & Dec. We will be buyers on any pullback while...
The trade: Long USD/CAD & Short USD/JPY. A nice correlation trade is setting up between USD/CAD & USD/JPY. The spread in the correlation is currently 600 Pips, over the past year the max spread has been approximately 1,200 Pips. We will be taking 1/4 our intended position size, if the spread continues to widen we will slowly add to our position. There is a...
Trade set up short on the breakout of the trendline, could have a safer stop loss at 1.55400. If price breaks below 1.5050 then we would look to further downside potential of 1.4900-1.4500. Being Bank holiday weekend in the UK i believe price would reach at least 1.5200 by the end of the trading week.
Through out my time swing trading i have found that there are some desecrate tools and information i must look at in each equity before i make my final decision, certain criteria like Short interest , days to short , SQZMOM indicator along with a sweet chart that channels up. 1. it all starts at finviz where i search up stocks that fall under the lower priced...
The long awaited “Bomb” finally the market yesterday, as ECB president Draghi announced the Bank’s new Bond Buying monetary policy, with intensions of purchasing 60 Billion EUR in bonds through late 2016. The earthquake was soon to follow, as the EUR lost major ground versus its major peers, with a notable slide of over 200 pips for the EUR/USD, dropping as low as...
The market strives to close the gap To perform successful Trading the Gap strategy you have to follow close economic calendar and price movements on important economic events. It does not use any indicators and the trading signal occurs exclusively in the situation on the chart. Below we are going to look in details at the description, as well as the opportunities...
Dear Fellow Risk Takers, Here's a price chart where in one quick glance, it is clear where the price is very likely to trade, going forward. Regardless, it is still prudent to do our due diligence and work out the details> Price of Illumina (ILMN) has been rising in an accelerated trend, between Feb 2013 to Feb 2014. Price has risen from around $50 to $180...