"SPY Master" is a simple medium frequency trading algorithm that uses my RSI-EMA oscillator on a 1h chart to trigger buy/cover and sell/short signals. The algorithm only holds 1 position each time and it can go either long or short on SPY (S&P 500 exchange-traded fund). The average holding period per trade is about 18 hours. Please note that the backtest uses a...
Longing FX:EURUSD to the next kill zone at 1.0810 area and then shorting it for the trend continuation. Let see how this works out.
We have entered an area that I have identified as being an area of over-supply, and of course when supply exceeds demand, prices drop. There is bearish a trend-line forming from the top of the major drop back in Feb to the two recent peaks. I think it is now time to watch the 4 hour charts for bearish entry opportunities. 4 hour shows consolidation around...
This pair just broke through the resistance and headed up to 1.1080. Seriouly, frightening for the bearish traders. Hope you set the stop loss. As I said in my last chart, it's still in the bullish channel. Now it has come to the upside, which is also the "shoulders" before. So this is called "Nail", which theoretically is s bearish signal. SO, I think it's time...
Forex is risky, beware of consequences if you trade on other people's ideas.
I like this currency pair because it seems to be sticking to all the support lines will, unlike many of the others this week that have lost me a lot of money. For this reason I am confident for this trade, there seems to be a rally in the Yen at the moment and i'm not against it! What increases my confidence in this trade is the fact that the support line matched...
NZDUSD : a short-term / medium-term investment BUY : market order (right now) / 0.67350 STOP : 0.64700 AIM 1 : 0.71260 (short-term) AIM 2 : 0.77400 (medium-term) Good Luck
top of the channel,price action at lower time frames is bearish. RSI and Stochs show oversold - nice longer term short opportunity. stops go just outside the channel. TP1,TP2 and TP3 associated with fib levels of the last major swing.
This is not really an accurate chart, I'm more throwing out an idea as to what we might see, prediction using only trend lines and Elliot's. I'd be interested to hear other peoples thoughts. This chart is mostly for my own interest, give that this is a back of the envelope prediction.
A swing based setup, some people are saying this idea is risky, based on M and W trendlines and support/resistance, but the conditions seem ideal for a long position based on a reversal swing. We can expect a similar situation on USDJPY (linked idea to follow). Anyway, Ive seen banks entered in a long position on friday, so I'm not alone moving the volumes, good...
BTC has been falling after a major rally and has yet to settle on a price bottom. However it may now be showing signs of slowing and possibly stopping. If it reverses as expected, it could very well take another run up. Look for an entry between 360 and 375, if it falls below 350, expect it to drop further.
From a technical perspective the $230.65 resistance is a critical area for the upward break and any dip under $217.56 support should be watched as a change in momentum... In the medium-term Elliott Wave Cycle and the Fibonacci Retractment suggest that $244.73 can be seen as a Target with a stop loss at $217.56... Any comments or suggestions would be much appreciated...
Watch out for earnings on the 20th of AUG.... if its a positive outcome long term trend set to continue.... Initial target $37.23 and in the long-term $40.60... stop-loss at $34.34 just incase... RISK/REWARD @ 4.48
In my opinion we are in a nobody zone. The rectangle is standing since a relatively long time, and i don't think it will be broken in the next weeks. Every medium term trade would require a huge stoploss, and that's why i don't recommend any trade on the daily or weekly tf. But something new might be on the spot. A gartley pattern is possible, and everything...