Looking to go long on LL due to a small base break last week with volume - also being a new 52-week high. This is in a strong sector and industry. Open target will trail stop as price moves in favour. Initial stop is just over 2ATR also being below the wick of a previous swing point.
LL- Long (Aggressive entry) Trade Logic: Flag & Pole – buying in oscillation before breakout Entry Price: 15.17, 14.90 Target Price: 17.83 Stop-Loss: 14.50 You can check our detailed analysis on LL in the trading room link here- Trade Suggestion Date: 21/6/2016 Trading Room - Executive summery link: www.youtube.com Time Span: 11:50” Trade Open: Waiting for entry...
LL- Long Trade Logic: Flag & Pole formation, big surge in money-flow Entry price: 16.06 Target Price: 17.83 Stop-Loss: 15.47 Trade Suggestion Date: 6/20/2016 Trading Room - Executive summery link: www.youtube.com Time Span: 4:30 Trade Open: Waiting for breakout confirmation
i'll be watching $LL in the morning for a spike into the 16.50 resistance area. I will be entering my short position on the front side of the move using the 16.50 area as my risk. Will stick to stop because next resistance is in the mid 18 area.
PRICE ACTION TRADING. FIRST STEP Draw the channel. And check how the price moving. HL- Higher low HH-Higher high LL-Lower low LH-Lower high STEP TWO Draw the support and resistance lines. PRACTICE,PRACTICE,PRACTICE AND PRACTICE
Lumber futures appear to have topped against a massive monthly mode. You can go short with stops above the highs to be safe, target a retest of the uptrend mode from the lows. I overlaid EURUSD and USOIL so you can compare the price action. It's clear we're witneseeing a major dollar rally here. I wouldn't discard its significance. If you're not in any of my...
1.Daily MACD hidden divergence and zoomed to H4 MACD hidden divergence. 2. HH, HL formation. 3. RSI is Overbought. 4. 50% Fibonacci Retracement. 5. Strong daily resistance zone.
17 - DEC FIBs seem to be lining up with this trade. DMI and MACD showing buy signals. Hoping we can see a bit of a pullback towards the 0.618. If so, the target may be 21.71, though I will tighten stops prior. Original idea from @Reallifetrading
Nice bullish retest gap on the daily. Gapping out of a possible strong accumulation phase.
Confluences : 1/ Trend 2/ break of 1.10 3/ EMA's rejected 4/ Fib in play 5/ Bounce of TL
Fib, Cycle & Geometrical study This is a chart for the trader that finds pleasure in seeing harmonic and geometric adding up. Confluence zone in the 19.44 to 19.90 area. RSI has been visiting the lowest of low and need to break resistens. The stock will go through a bottoming process... in this area. For the long term investor the timing for a buy and hold is...
This is going much farther down on the news! its only getting worse!
This is something I'm watching for sure. I talked about this one a tad on a pre morning show. soundcloud.com
Good gaps and the daily EMA's are pushing this one lower.
LL is STILL in the accumulation phase area. If it does bounce bullish, by the skin of it's teeth, it likely could trade in this area for a while.
This chart setup has strong upside potential should LL not close below the 20 day moving average on the daily time frame chart.